Systems and methods for establishing a pull payment relationship

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 11734657
SERIAL NO

17963115

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Importance

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Abstract

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A method includes generating a transaction code associated with a payee; generating and providing a payee device token to a payee user device; receiving an indication of a contact or a near-contact event between the payee user device and a payor user device; receiving from the payor user device, the transaction code associated with the payee and a transaction code associated with the payor, the transaction codes exchanged during the contact or near-contact event; establishing a payment relationship between the payee and the payor responsive to receiving the indication and the transaction codes from the payor user device; receiving a payment request; determining that the payment request originated from the user device identified by the payee device token, and that the received transaction codes contained in the payment request match stored transaction codes of the payee and the payor contained in a database; and processing the received payment request.

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Patent Owner(s)

  • WELLS FARGO BANK, N.A.

International Classification(s)

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  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
David, Daniel Charlotte, US 41 2522
Hartsell, Jonathan A Mooresville, US 4 6
Kamp, Heath Banner Elk, US 3 6
Phelps, Sarah W Annapolis, US 14 26
Sprague, Philip Matthews, US 10 16
Zikeli, Christina Charlotte, US 8 8

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