Real time funding solution for miscellaneous income

• US 10,134,016 B2
• Filed: 11/18/2014
• Issued: 11/20/2018
• Est. Priority Date: 11/18/2014
• Status: Active Grant

• Current Assignee: ADP, Inc.
• Original Assignee: ADP LLC (ADP, Inc.)
• Inventors: Antoo, Nizam, Hosea, Michael T., Kirgan, Maria, Lott, Gary, Macalinao, Fernando C., Palkar, Sumeet A., Peculic, Anthony, Qaasim, Hamid, Zhang, Yin
• Primary Examiner(s): Baird, Edward J
• Application Number:
  US14/546,550
• Publication Number:
  US 20160140520A1
• Time in Patent Office: 1,463 Days
• Field of Search: 705 35- 40
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/34 using cards, e.g. integrated circuit [IC] cards or magnetic cards
• CPC Class Codes: G06Q 20/356 Aspects of software for card payments
• CPC Class Codes: G06Q 40/125 Finance or payroll

Abstract

Systems and processes for real-time instant funding solutions for miscellaneous income are disclosed. The method of funding miscellaneous income includes securely transmitting a funding information file or a real time funding transaction request with miscellaneous funding information to a funding card processing system using real-time web services APIs which are externally accessible by an external computing system, e.g., point of sale, time and labor or payroll system. The method further includes processing the funding information file with the funding card processing system, which includes at least identifying client information and a user receiving miscellaneous income contained within the miscellaneous funding information. The method further includes funding a payroll card of the identified user with the miscellaneous income received with the miscellaneous funding information of the funding information file.

Claims

1. A computer system for funding of a payroll card, comprising:

a hardware memory device that stores program instructions; and

a processor that executes the program instructions and causes the computer system to;

in response to receipt of a payment at a point of sale terminal or through a global workforce management system, instantly transmit, from the point of sale terminal or the global workforce management system, transaction information in a transaction file to a funding card processing system via a gateway and using real-time web services application programming interfaces (APIs);

process the transaction file by validating, interpreting and parsing the transaction file which includes a request for funding of the payroll card with miscellaneous income;

receive a response and confirmation that the funding of the payroll card has been completed; and

post transactional results to an end user as one or more different reports, wherein;

the miscellaneous income comprises non-wage income,

the processing of the transaction file is a real-time, automated batch file process and includes crediting the payroll card of an identified user with the miscellaneous income, and

the processing of the transaction file includes validating payroll card information, cardholder information, payroll card balance, and client information.

2. The computer system of claim 1, wherein the processor that executes the program instructions causes the computer system to deduct any garnishment and tax withholdings from the miscellaneous income by obtaining garnishment and tax withholdings for the identified user from at least one database.

3. The computer system of claim 1, wherein the real-time web services APIs provide real-time integration with at least one of the point of sale terminal and the global workforce management system to simplify data-sharing.

4. The computer system of claim 1, wherein the funding transaction is securely transmitted through a secured webservices gateway.

5. The computer system of claim 1, wherein the transaction information includes at least one of client ID, subclient ID, location ID, cardholder ID, cardholder ABA (American Banker'"'"'s Association)/DDA (Demand Deposit Account) information, and the miscellaneous income.

6. The computer system of claim 1, wherein the non-wage income comprises at least one of tips, per diem, commissions, or bonuses.

7. The computer system of claim 1, wherein the real-time web services APIs are accessible by a point of sale terminal.

8. The computer system of claim 7, wherein the transmitting of the transaction information is performed by the point of sale terminal.