Patent Application
20200387899
With advancements in machine and product development, more and more machines and products are being implemented by businesses and used by individuals. With the advent of more and more machines and products, users have access to more options for their resource distribution needs.
The following presents a simplified summary of one or more embodiments of the invention in order to provide a basic understanding of such embodiments. This summary is not an extensive overview of all contemplated embodiments, and is intended to neither identify key or critical elements of all embodiments, nor delineate the scope of any or all embodiments. Its sole purpose is to present some concepts of one or more embodiments in a simplified form as a prelude to the more detailed description that is presented later.
Embodiments of the invention are directed to a control system for single resource distribution via a portal. In a typical transaction at a restaurant, the restaurant provides a receipt to the user, the user provides the user's credit card to the restaurant staff. At that point, the restaurant staff removes the card and processes payment at a separate portal. Subsequently the restaurant staff returns the card back to the user after payment has been processed. The user may then provide a tip on the receipt. The tip is processed at the end of the workday after the restaurant has closed. In this typical transaction, the user's data security may have been jeopardized at multiple points in time. With single portal pay and secure card-control capabilities, the user can stay in control of the resource distribution. When a user is at the payment portion of the transaction, the merchant will provide a single pay portal in which the banking entity can communicate with the user via the user device to verify the identity of the user. When the user is about to initiate a transaction, the system may display the transaction information and the user's current purchasing power (by presenting the user with balances in user accounts) on to the user device screen. The single portal pay and card-control system will prioritize a hierarchy of these accounts via artificial intelligence to indicate which account is best suited to pay for the transaction, and which accounts should not be used to pay for the transaction. The user is then able to authorize payment from a suggested account and submit a secure payment to the merchant, without the user's card ever leaving his hands.
Embodiments of the invention are directed to a system, method, and computer program product for single portal pay with secure card control capabilities. With the implementation of more and more machines and products by businesses, data security becomes more and more important. Single portal pay and secure card control capabilities enable users to enter the marketplace with confidence that their private data is secure. The entity can examine an aggregation of available user funds, present this data to users prior to making a purchase, and allow users to make informed decisions about their purchasing power.
Embodiments of the present invention address these and/or other needs by providing an innovative system, method and computer program product for a single resource distribution portal, the invention comprising: identifying user communication with a merchant site at a merchant location for completion of a resource distribution for a merchant offering; linking, via the single resource distribution portal, a user device to the merchant site, based on identification of the merchant site in a secure database and allow direct communication for resource distribution; displaying resource distribution requirements for the merchant offering and user resource distribution power via the portal, on a screen associated with the user device; generating hierarchical account selector for user selection of account for resource distribution requirement; and receiving user authentication for resource distribution and submit a secure resource distribution to the merchant in real-time.
In some embodiments, receiving user authentication for resource distribution and submit a secure resource distribution to the merchant in real-time is performed via the portal such that a payment device never leaves the user physical location.
In some embodiments, the user communication with the merchant site is a communication to complete a resource distribution for payment of a merchant offering and payment of a tip, wherein the merchant site is a restaurant and a merchant offering is provided by the restaurant.
In some embodiments, receiving user authentication for resource distribution and submit a secure resource distribution to the merchant in real-time, further comprises processing and distributing a tip in to the merchant in real-time.
In some embodiments, linking, via the single resource distribution portal, the user device to the merchant site further comprises authorizing the user to gain access to the single resource distribution portal.
In some embodiments, identifying user communication with a merchant site at a merchant location further comprises the user providing notification of the user communication with the merchant.
In some embodiments, generating the hierarchical account selector further comprises performing artificial intelligent analysis to user accounts to select the account associated with the user for restaurant resource distribution.
In some embodiments, displaying the user resource distribution power further comprises displaying accounts associated with the user and purchasing power associated with the accounts.
The features, functions, and advantages that have been discussed may be achieved independently in various embodiments of the present invention or may be combined with yet other embodiments, further details of which can be seen with reference to the following description and drawings.
Having thus described embodiments of the invention in general terms, reference will now be made to the accompanying drawings, wherein:
Embodiments of the present invention will now be described more fully hereinafter with reference to the accompanying drawings, in which some, but not all, embodiments of the invention are shown. Indeed, the invention may be embodied in many different forms and should not be construed as limited to the embodiments set forth herein; rather, these embodiments are provided so that this disclosure will satisfy applicable legal requirements. Like numbers refer to elements throughout. Where possible, any terms expressed in the singular form herein are meant to also include the plural form and vice versa, unless explicitly stated otherwise. Also, as used herein, the term “a” and/or “an” shall mean “one or more,” even though the phrase “one or more” is also used herein.
A “user” as used herein may refer to any entity or individual associated with a business. In some embodiments, the user may be the business. In some embodiments, the user may be an individual associated with the business. In some embodiments, identities of an individual may include online handles, usernames, aliases, family names, maiden names, nicknames, or the like. Furthermore, as used herein the term “user device” or “mobile device” may refer to mobile phones, personal computing devices, tablet computers, wearable devices, and/or any portable electronic device capable of receiving and/or storing data therein associated with the business.
As used herein, a “user interface” generally includes a plurality of interface devices and/or software that allow a user to input commands and data to direct the processing device to execute instructions. For example, the user interface may include a graphical user interface (GUI) or an interface to input computer-executable instructions that direct the processing device to carry out specific functions. Input and output devices may include a display, mouse, keyboard, button, touchpad, touch screen, microphone, speaker, LED, light, joystick, switch, buzzer, bell, and/or other user input/output device for communicating with one or more users.
A “transaction” or “resource distribution” refers to any communication between a user and the financial institution or other entity monitoring the user's activities to transfer funds for the purchasing or selling of a product. A transaction may refer to a purchase of goods or services, a return of goods or services, a payment transaction, a credit transaction, or other interaction involving a user's account. In the context of a financial institution, a transaction may refer to one or more of: a sale of goods and/or services, initiating an automated teller machine (ATM) or online banking session, an account balance inquiry, a rewards transfer, an account money transfer or withdrawal, opening a bank application on a user's computer or mobile device, a user accessing their e-wallet, or any other interaction involving the user and/or the user's device that is detectable by the financial institution. A transaction may include one or more of the following: renting, selling, and/or leasing goods and/or services (e.g., groceries, stamps, tickets, DVDs, vending machine items, and the like); making payments to creditors (e.g., paying monthly bills; paying federal, state, and/or local taxes; and the like); sending remittances; loading money onto stored value cards (SVCs) and/or prepaid cards; donating to charities; and/or the like.
Embodiments of the invention are directed to a system, method, or computer program product for a control system for single resource distribution via a portal. With the single portal for resource distribution and secure card-control system capabilities, the user can stay in control of the resource distribution at a merchant location. The invention may provide a linkage between a merchant and user device for user device display of the single resource distribution portal. Upon authorization, the system may perform analysis and presentation of resource distribution for a merchant offering and user resource power in a hierarchical approach. The user is able to authorize resource distribution and secondary resource distribution in real-time without physical resource distribution exchange.
As illustrated in
The network 201 may be a system specific distributive network receiving and distributing specific network feeds and identifying specific network associated triggers. The network 201 may also be a global area network (GAN), such as the Internet, a wide area network (WAN), a local area network (LAN), or any other type of network or combination of networks. The network 201 may provide for wireline, wireless, or a combination wireline and wireless communication between devices on the network 201.
In some embodiments, the user 202 is an individual that has one or more user devices 204 and is in communication with an entity. A user, as described herein may be an individual or business interacting with the system, such as an individual with an account maintained by the entity associated with the system. In this way, a user can communicate with an entity via one of various communication channels, such as in person, on the phone, over the internet, text, or the like. The user may be a current customer of the entity or may be a new customer of the entity. The user may be being enrolled in a product or service provided by the entity. In some embodiments, the user 202 has a user device, such as a mobile phone, tablet, computer, or the like.
The user device 204 comprises computer-readable instructions 220 and data storage 218 stored in the memory device 216, which in one embodiment includes the computer-readable instructions 220 of a user application 222. In some embodiments, the user application 222 allows a user 202 to send and receive communications with the aggregation system 206.
As further illustrated in
The processing device 248 is operatively coupled to the communication device 246 and the memory device 250. The processing device 248 uses the communication device 246 to communicate with the network 201 and other devices on the network 201, such as, but not limited to the entity system 208, the third party server 207, and the user device 204. As such, the communication device 246 generally comprises a modem, server, or other device for communicating with other devices on the network 201.
As further illustrated in
In one embodiment of the aggregation system 206 the memory device 250 stores an application 258. In one embodiment of the invention, the application 258 may associate with applications having computer-executable program code that generate and code a tag for implementation onto a product. Furthermore, the aggregation system 206, using the processing device 248 codes certain communication functions described herein. In one embodiment, the computer-executable program code of an application associated with the application 258 may also instruct the processing device 248 to perform certain logic, data processing, and data storing functions of the application. The processing device 248 is configured to use the communication device 246 to communicate with and ascertain data from one or more entity system 208, third party servers 207, and/or user device 204.
In the embodiment illustrated in
As illustrated in
As illustrated in
The memory device may store any of a number of applications or programs which comprise computer-executable instructions/code executed by the processing device to implement the functions of the entity system 208 described herein.
As illustrated in block 304, the process 300 continues by processing user selected features for enrollment of products or services provided by the entity. The user can select features for enrollment via one of various communication channels, such as in person, on the phone, over the internet, text, or the like. In this way, the system may identify the communications of the user and store the communications as preferred preferences and features. The communications may be analyzed in order to identify one or more products or services the user may be interested in. These may be products or services ancillary to the current product the user is being enrolled. The products or services may be based on the current products of the user or based on comments the user communicates during the communication.
As illustrated in block 306, the process 300 continues by storing the information in the entity database. The storage of this information may correspond to products and services of the entity that the user may be interested in based on communication for future needs and enrollment.
As illustrated in block 308, the process 300 is finalized by aggregating user information provided to the entity and populating required information fields based on user communications. Information fields may be first name and last name fields, address fields, date of birth fields, and the like. Aggregation occurs through a process by which the system searches for the user's name on the entity's database of users and pulls information pertaining to that user's prior applications from the entity. The system then populates required information fields for the user for ease of use.
As illustrated in block 102, the process 100 is initiated by identifying a user communication with an entity during an enrollment process. In this way, a user may be communication with an entity via one of various communication channels, such as in person, on the phone, over the internet, text, or the like. The user may be a current user of the entity or may be a new user of the entity. The user may be being on boarded for a product or service provided by the entity.
As illustrated in block 104, the process continues by processing the communications through the enrollment platform and performing aggregation and user fit finding metrics on the communications. In this way, the system may identify the communications and preferences of the user and store the communications and preferences. The communications and preferences may be analyzed in order to identify one or more products or services the user may be interested in. These may be products or services ancillary to the current product the user is being enrolled. The products or services may be based on the current products of the user or based on comments the user communicates during the communication and metrics of the user fit finder.
In some embodiments, the user fit finder comprises a survey, questionnaire, or the like with questions the user can respond to in order for the entity to determine user's preferred preferences and settings. These preferences and settings may be automatic transfer of funds from checking account to savings account, weekly reports on account balances, automatic enrollment in a resource transfer programs, and the like.
For example, a user may be at a financial institution attempting to open an account. During the communications, the user will input personal data through a comprehensive application. The system may identify that and provide the user with products and accounts associated with the user's specific needs.
As illustrated in block 106, the process 100 continues by generating a comprehensive application associated with user identifying user products and services based on user preference. The comprehensive application may contain an application to open a checking or savings account with the entity, a loan application, a mortgage application, or the like. The comprehensive application may be sectioned off in order to allow user freedom in selecting preferred enrollment for products and services.
As illustrated in block 108, the process 100 is finalized by aggregating user data to provide relationship-based product offerings and user convenience in carrying out transactions. The entity can provide the user with the option to opt in for closely related product offerings and upon user acceptance, entity will automatically upload aggregated user data to the specific application in question.
For example, a user may be at a financial institution attempting to open a checking account. As a result of aggregating user data, the entity may offer the user a savings account in which the aggregated user data would automatically be uploaded to the application. A user may be attempting to take out a mortgage. The entity may offer a mortgage payback plan and upload aggregated user data to that application.
As illustrated in block 502, the process 500 is initiated by the entity identifying a user communication with a merchant site. When the user is at the payment portion of the transaction with the merchant site, the user can communicate with the entity through one of various communication channels, such as in person, on the phone, over the internet, text, or the like. The entity receives this notification from the user and identifies the merchant site from a database of trusted and secure business partners.
As illustrated in block 504, upon an indication that the merchant site is associated with the entity, the system may trigger user resource distribution for merchant offerings. These offerings may be products, services, plans, or the like that the merchant may provide to the user. User payment information will be stored on a secure database provided via the entity and user data will be shielded from the merchant site.
Next, as illustrated in block 506, the process 500 continues by assessing the total resource distribution power associated with the user. Resource distribution power may include purchasing power may include checking account, savings account, credit card accounts, mortgages, loans and the like that the user may withdraw from for purchases. As such, the platform may be able to identify accounts to utilize for payment to the merchant site in order to provide a more tailored and streamline payment solution for the user.
As illustrated in block 508, the process 500 continues by prioritizing a hierarchy of accounts via an artificial intelligence engine associated with the platform. Hierarchy of accounts will indicate which accounts are best suited to pay for the purchase at the merchant site and indicate which accounts should not be used to pay for the purchase. The artificial intelligence engine may examine aspects of total purchasing power and individual user accounts. As illustrated in block 510, the artificial intelligence engine may identify accounts for the user to withdraw from for payment to merchant sites.
Finally, as illustrated in block 512, the process 500 is finalized by providing the user with account options based on the hierarchy identified and allowing user authorization for the entity to submit secure resource distribution to the merchant site.
As illustrated in block 602, the process 600 is initiated by identifying and storing aggregated user data. User data and goals can be inferred from pre-filled user inputs, past user behavior and purchases, user life stages, and can be triggered via artificial intelligence questionnaires, as illustrated in block 604. User data and goals can be prompted via one of various communication channels, such as in person, on the phone, over the internet, text, or the like using a survey or questionnaire. Real-time goal prediction for users can provide users with savings goals, purchasing plans, loan options, or the like to help users achieve their goals with help from the entity.
Finally, as illustrated in block 606, the process 600 may identify a user attempting to finance a life goal and offer loan assistance. Loan assistance may be based on user relationship to the entity. User relationship data may include the total years a user has been associated with the entity, user balance in accounts, and responsible user financial practices, such as consistent history of deposits. As such, the system provides a goal prediction interface and goal fulfilling assistance.
As will be appreciated by one of ordinary skill in the art, the present invention may be embodied as an apparatus (including, for example, a system, a machine, a device, a computer program product, and/or the like), as a method (including, for example, a business process, a computer-implemented process, and/or the like), or as any combination of the foregoing. Accordingly, embodiments of the present invention may take the form of an entirely software embodiment (including firmware, resident software, micro-code, and the like), an entirely hardware embodiment, or an embodiment combining software and hardware aspects that may generally be referred to herein as a “system.” Furthermore, embodiments of the present invention may take the form of a computer program product that includes a computer-readable storage medium having computer-executable program code portions stored therein. As used herein, a processor may be “configured to” perform a certain function in a variety of ways, including, for example, by having one or more special-purpose circuits perform the functions by executing one or more computer-executable program code portions embodied in a computer-readable medium, and/or having one or more application-specific circuits perform the function. As such, once the software and/or hardware of the claimed invention is implemented the computer device and application-specific circuits associated therewith are deemed specialized computer devices capable of improving technology associated with the in authorization and instant integration of a new credit card to digital wallets.
It will be understood that any suitable computer-readable medium may be utilized. The computer-readable medium may include, but is not limited to, a non-transitory computer-readable medium, such as a tangible electronic, magnetic, optical, infrared, electromagnetic, and/or semiconductor system, apparatus, and/or device. For example, in some embodiments, the non-transitory computer-readable medium includes a tangible medium such as a portable computer diskette, a hard disk, a random access memory (RAM), a read-only memory (ROM), an erasable programmable read-only memory (EPROM or Flash memory), a compact disc read-only memory (CD-ROM), and/or some other tangible optical and/or magnetic storage device. In other embodiments of the present invention, however, the computer-readable medium may be transitory, such as a propagation signal including computer-executable program code portions embodied therein.
It will also be understood that one or more computer-executable program code portions for carrying out the specialized operations of the present invention may be required on the specialized computer include object-oriented, scripted, and/or unscripted programming languages, such as, for example, Java, Perl, Smalltalk, C++, SAS, SQL, Python, Objective C, and/or the like. In some embodiments, the one or more computer-executable program code portions for carrying out operations of embodiments of the present invention are written in conventional procedural programming languages, such as the “C” programming languages and/or similar programming languages. The computer program code may alternatively or additionally be written in one or more multi-paradigm programming languages, such as, for example, F#.
It will further be understood that some embodiments of the present invention are described herein with reference to flowchart illustrations and/or block diagrams of systems, methods, and/or computer program products. It will be understood that each block included in the flowchart illustrations and/or block diagrams, and combinations of blocks included in the flowchart illustrations and/or block diagrams, may be implemented by one or more computer-executable program code portions. These one or more computer-executable program code portions may be provided to a processor of a special purpose computer for the authorization and instant integration of credit cards to a digital wallet, and/or some other programmable data processing apparatus in order to produce a particular machine, such that the one or more computer-executable program code portions, which execute via the processor of the computer and/or other programmable data processing apparatus, create mechanisms for implementing the steps and/or functions represented by the flowchart(s) and/or block diagram block(s).
It will also be understood that the one or more computer-executable program code portions may be stored in a transitory or non-transitory computer-readable medium (e.g., a memory, and the like) that can direct a computer and/or other programmable data processing apparatus to function in a particular manner, such that the computer-executable program code portions stored in the computer-readable medium produce an article of manufacture, including instruction mechanisms which implement the steps and/or functions specified in the flowchart(s) and/or block diagram block(s).
The one or more computer-executable program code portions may also be loaded onto a computer and/or other programmable data processing apparatus to cause a series of operational steps to be performed on the computer and/or other programmable apparatus. In some embodiments, this produces a computer-implemented process such that the one or more computer-executable program code portions which execute on the computer and/or other programmable apparatus provide operational steps to implement the steps specified in the flowchart(s) and/or the functions specified in the block diagram block(s). Alternatively, computer-implemented steps may be combined with operator and/or human-implemented steps in order to carry out an embodiment of the present invention.
While certain exemplary embodiments have been described and shown in the accompanying drawings, it is to be understood that such embodiments are merely illustrative of, and not restrictive on, the broad invention, and that this invention not be limited to the specific constructions and arrangements shown and described, since various other changes, combinations, omissions, modifications and substitutions, in addition to those set forth in the above paragraphs, are possible. Those skilled in the art will appreciate that various adaptations and modifications of the just described embodiments can be configured without departing from the scope and spirit of the invention. Therefore, it is to be understood that, within the scope of the appended claims, the invention may be practiced other than as specifically described herein.
This application is a U.S. Non-provisional application claiming priority to U.S. Provisional Patent Application No. 62/859,448, filed Jun. 10, 2019 titled Aggregation of User Data for Automatic Process Execution, the contents of which are hereby incorporated by reference in its entirety.
| Number | Date | Country | |
|---|---|---|---|
| 62859448 | Jun 2019 | US |
