Shared pools for common transactions

• US 10,185,959 B2
• Filed: 02/20/2018
• Issued: 01/22/2019
• Est. Priority Date: 12/13/2012
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Inventors: Atagun, Firat S., Krishna, Gopi, Raman, Srinivasan
• Primary Examiner(s): Ojiaku, Chikaodinaka
• Application Number:
  US15/900,240
• Publication Number:
  US 20180174153A1
• Time in Patent Office: 336 Days
• Field of Search: 705 35
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/22 Payment schemes or models
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/40145 Biometric identity checks
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A funding source is provided by each of a plurality of users for setting up an electronic shared payment pool. A policy governing rights or obligations of each of the users is set up. The includes: for each user, a respective threshold for enabling funds to be pulled automatically from the funding source of said user. The electronic shared payment pool is created based on the respective funding sources and the policy. A detection is made that a user is requesting to use the electronic shared payment pool to pay for a prospective transaction. In response to the detection, funds are pulled from the funding sources into the electronic shared payment pool. The funds are pulled automatically without requiring an approval from each of the users as long as the pulled amount is below the threshold for that user. The prospective transaction is facilitated using the electronic shared payment pool.

Claims

1. A method, comprising:

receiving, via a wireless communication connection, a request to create an electronic shared payment pool, the request including information about a plurality of users invited to participate in the electronic shared payment pool;

receiving, from each of the plurality of users, a funding source information including a funding source of the each of the users for use with the electronic shared payment pool, and the electronic shared payment pool created without pulling funds from the funding sources of the plurality of users;

establishing, in response to the received funding source information, shared payment pool rules for the each of the users that participate in the electronic shared payment pool, the shared payment pool rules including a monetary threshold for the each of the users for enabling funds to be pulled from the funding source of the each of the users;

receiving, via the wireless communication connection, from a first user of the plurality of users a request to use the electronic shared payment pool to pay for a prospective transaction;

in response to the request, pulling, via the wireless communication connection, funds from each of the funding sources of the each of the users in the electronic shared payment pool, wherein the pulling of the funds is performed automatically without requiring an approval from each of the users as long as an amount of the funds pulled is below the monetary threshold for that user; and

facilitating the prospective transaction using the electronic shared payment pool.

2. The method of claim 1, further comprising:

retrieving, in response to receiving the request to use the electronic shared payment pool, biometric identification information from a device associated with the first user;

identifying the first user based on the retrieved biometric identification information; and

commencing, the request to pull funds from each of the funding sources of the each of the users in the electronic shared payment pool.

3. The method of claim 2, further comprising:

retrieving, from the funding source information, cookies associated with a user interface application installed on the device for identifying the first user.

4. The method of claim 1, wherein the establishing of the shared payment pool rules include establishing a percentage amount split for the pulling of funds from each of the funding sources of the each of the users in the electronic shared payment pool.

5. The method of claim 1, further comprising:

concealing, from another party involved in the prospective transaction, information indicating that the electronic shared payment pool is shared among the plurality of the users, wherein the another party is not involved in the electronic shared payment pool.

6. The method of claim 1, wherein the establishing of the shared payment pool rules include establishing a hierarchy of multiple funding sources specified by at least one of the plurality of users to fund the electronic shared payment pool.

7. The method of claim 1, further comprising:

designating one of the plurality of users as an administrator of the electronic shared payment pool; and

removing one of the users in the plurality of users from the electronic shared payment pool in response to a request from the administrator.

8. A system, comprising:

a non-transitory memory; and

one or more hardware processors coupled to the non-transitory memory and configured to read instructions from the non-transitory memory to cause the system to perform operations comprising;

receiving, via a wireless communication connection, a request to create an electronic shared payment pool, the request including information about a plurality of users invited to participate in the electronic shared payment pool;

receiving, from each of the plurality of users, a funding source information including a funding source of the each of the users for use with the electronic shared payment pool, and the electronic shared payment pool created without pulling funds from the funding sources of the plurality of users;

establishing, in response to the received funding source information, shared payment pool rules for the each of the users that participate in the electronic shared payment pool, the shared payment pool rules including a monetary threshold for the each of the users for enabling funds to be pulled from the funding source of the each of the users;

receiving, via the wireless communication connection, from a first user of the plurality of users a request to use the electronic shared payment pool to pay for a prospective transaction;

in response to the request, pulling, via the wireless communication connection, funds from each of the funding sources of the each of the users in the electronic shared payment pool, wherein the pulling of the funds is performed automatically without requiring an approval from each of the users as long as an amount of the funds pulled is below the monetary threshold for that user; and

facilitating the prospective transaction using the electronic shared payment pool.

9. The system of claim 8, wherein the operations further comprise:

retrieving, in response to receiving the request to use the electronic shared payment pool, biometric identification information from a device associated with the first user;

identifying the first user based on the retrieved biometric identification information; and

commencing, the request to pull funds from each of the funding sources of the each of the users in the electronic shared payment pool.

10. The system of claim 8, wherein the establishing of the shared payment pool rules include establishing a percentage amount split for the pulling of funds from each of the funding sources of the each of the users in the electronic shared payment pool.

11. The system of claim 8, wherein the operations further comprise:

concealing, from another party involved in the prospective transaction, information indicating that the electronic shared payment pool is shared among the plurality of the users, wherein the another party is not involved in the electronic shared payment pool.

12. The system of claim 8, wherein the establishing of the shared payment pool rules include establishing a hierarchy of multiple funding sources specified by at least one of the plurality of users to fund the electronic shared payment pool.

13. The system of claim 8, wherein the operations further comprise:

designating one of the plurality of users as an administrator of the electronic shared payment pool; and

removing one of the users in the plurality of users from the electronic shared payment pool in response to a request from the administrator.

14. A non-transitory machine-readable medium having stored thereon machine-readable instructions executable to cause a machine to perform operations comprising:

receiving, via a wireless communication connection, a request to create an electronic shared payment pool, the request including information about a plurality of users invited to participate in the electronic shared payment pool;

receiving, from each of the plurality of users, a funding source information including a funding source of the each of the users for use with the electronic shared payment pool, and the electronic shared payment pool created without pulling funds from the funding sources of the plurality of users;

establishing, in response to the receiving the funding source information, shared payment pool rules for the each of the users that participate in the electronic shared payment pool, the shared payment pool rules including a monetary threshold for the each of the users for enabling funds to be pulled from the funding source of the each of the users;

receiving, via the wireless communication connection, from a first user of the plurality of users a request to use the electronic shared payment pool to pay for a prospective transaction;

in response to the request, pulling, via the wireless communication connection, funds from each of the funding sources of the each of the users in the electronic shared payment pool, wherein the pulling of the funds is performed automatically without requiring an approval from each of the users as long as an amount of the funds pulled is below the monetary threshold for that user; and

facilitating the prospective transaction using the electronic shared payment pool.

15. The non-transitory machine-readable medium of claim 14, wherein the operations further comprise:

retrieving, in response to receiving the request to use the electronic shared payment pool, biometric identification information from a device associated with the first user;

identifying the first user based on the retrieved biometric identification information; and

commencing, the request to pull funds from each of the funding sources of the each of the users in the electronic shared payment pool.

16. The non-transitory machine-readable medium of claim 14, wherein the establishing of the shared payment pool rules include establishing a percentage amount split for the pulling of funds from each of the funding sources of the each of the users in the electronic shared payment pool.

17. The non-transitory machine-readable medium of claim 14, wherein the operations further comprise:

concealing, from another party involved in the prospective transaction, information indicating that the electronic shared payment pool is shared among the plurality of the users, wherein the another party is not involved in the electronic shared payment pool.

18. The non-transitory machine-readable medium of claim 14, wherein the establishing of the shared payment pool rules include establishing a hierarchy of multiple funding sources specified by at least one of the plurality of users to fund the electronic shared payment pool.

19. The non-transitory machine-readable medium of claim 14, wherein the operations further comprise:

designating one of the plurality of users as an administrator of the electronic shared payment pool; and

removing one of the users in the plurality of users from the electronic shared payment pool in response to a request from the administrator.

20. The non-transitory machine-readable medium of claim 14, wherein the operations further comprise, before the pulling of the funds:

determining a location of each of the plurality of users, wherein the pulling of the funds comprises pulling the funds only from the users whose locations have been determined to be the same as the location of the first user.