System and method for a mobile wallet

• US 10,445,761 B1
• Filed: 02/28/2017
• Issued: 10/15/2019
• Est. Priority Date: 04/25/2012
• Status: Active Grant

• Current Assignee: Wells Fargo Bank NA (Wells Fargo & Company)
• Original Assignee: Wells Fargo Bank NA (Wells Fargo & Company)
• Inventors: Ellis, Stephen M., Kennedy, Michael J., Kurani, Ashish Bhoopen, Lowry, Melissa, Meyyappan, Uma, Sahni, Bipin, Stroke, Nikolai
• Primary Examiner(s): Poinvil, Frantzy
• Application Number:
  US15/445,691
• Time in Patent Office: 959 Days
• Field of Search: 705 3- 44
• CPC Class Codes: G06K 19/06028 using bar codes
• CPC Class Codes: G06K 7/1413 1D bar codes
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/3221 Access to banking information through M-devices
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/3274 using a pictured code, e.g. barcode or QR-code, being displayed on the M-device
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/0238 at point-of-sale [POS]
• CPC Class Codes: G06Q 30/0255 based on user history
• CPC Class Codes: G06Q 30/0261 based on user location
• CPC Class Codes: G06Q 30/0267 Wireless devices
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A system includes network interface logic configured to receive offers from merchants, an offer engine configured to determine an offer from the offers to present on a mobile device based on a characteristic of a user of the mobile device, and a code generator configured to generate a code and embed information in the code. The network interface logic is configured to receive, from the mobile device, a request for the code to provide to a merchant associated with the offer, send the code to the mobile device for the merchant to receive at a point of sale, and receive a request for funds from the merchant that includes an amount of a transaction in accordance with the offer. The system also includes account processing logic configured to send the requested funds to the merchant upon verifying the offer was accepted by the user of the mobile device.

Claims

1. A mobile wallet computer system, comprising:

one or more processors combined with non-transitory memory, wherein the non-transitory memory has instructions stored therein that are executable by the one or more processors, the non-transitory memory in combination with the one or more processors comprising;

network interface logic configured to receive one or more offers from one or more merchants;

an offer engine configured to determine an offer from the one or more offers to present on a mobile device based on a characteristic of a user of the mobile device;

a code generator configured to generate a code and embed information in the code, wherein the code is generated for the mobile device of the user, and wherein the information includes a transaction identification number;

wherein the network interface logic is further configured to;

receive, from the mobile device, a request for the code to provide to a merchant associated with the offer;

send the code to the mobile device for the merchant to receive at a point of sale and send to a financial institution to request funds from an account held by the user; and

receive a request for funds from the merchant that includes an amount of a transaction in accordance with the offer and the transaction identification number that was embedded in the received code; and

account processing logic configured to send the requested funds to the merchant upon verifying the offer was accepted by the user of the mobile device and upon authenticating the transaction identification number.

2. The mobile wallet computer system of claim 1, wherein the information embedded in the code includes a geographic location of the mobile device and a temporal indication.

3. The mobile wallet computer system of claim 2, wherein the one or more processors are further configured to determine the offer to present on the mobile device based on the geographic location of the mobile device, and wherein the offer relates to a discount that is available at a merchant where the user of the mobile device has purchased products or services using a credit card or debit card.

4. The mobile wallet computer system of claim 2, wherein the temporal indication comprises at least one of a date or a time.

5. The mobile wallet computer system of claim 1, wherein the code is transmittable from the mobile device to the point of sale of the merchant.

6. The mobile wallet computer system of claim 1, wherein the one or more processors are further configured to:

analyze transaction information to determine a spending pattern of the user, wherein the spending pattern includes determining which time of the day, week, month or year the user purchases products or services from the one or more merchants; and

present at least one offer to the account holder based on the spending pattern.

7. The mobile wallet computer system of claim 1, wherein the one or more processors are further configured to:

determine that at least one attribute is shared among a plurality of users; and

present the plurality of users with an offer that has been accepted by at least one of the plurality of users.

8. The mobile wallet computer system of claim 7, wherein the at least one shared attribute is determined via an online social network, and wherein the plurality of users includes the user'"'"'s connections in the online social network.

9. The mobile wallet computer system of claim 1, wherein the one or more processors are further configured to authenticate the user using a biometric input that comprises facial recognition, voice, or a fingerprint.

10. The mobile wallet computer system of claim 1, wherein the one or more processors are further configured to determine a future offer to present to the user based on the indication from the user to use the offer.

11. The mobile wallet computer system of claim 10, wherein the future offer is based on a characteristic of the product or service related to the offer.

12. The mobile wallet computer system of claim 1, wherein the offer engine is further configured to aggregate a total amount of funds that the user has saved using a plurality of offers in the past.

13. The mobile wallet computer system of claim 1, wherein the request for funds further comprises a location of the merchant.

14. A computer-implemented method performed by one or more processors of a mobile wallet computer system, comprising:

receiving, by the mobile wallet computer system, one or more offers from one or more merchants;

determining, by the mobile wallet computer system, an offer from the one or more offers to present on a mobile device of a user of the mobile device;

receiving, by mobile wallet computer system, a request from the mobile device for a code to provide to a merchant associated with the offer, the code being generated for the mobile device that belongs to the user;

receiving, by the mobile wallet computer system, an indication from the mobile device of the user to use the offer, wherein the offer provides the user a discount from a price of a product or service;

generating, by the mobile wallet computer system, the code based on the offer, the code including a transaction identification number;

sending, by mobile wallet computer system, the code to the mobile device for the merchant to receive at a point of sale and send to a financial institution to request funds from an account held by the user;

receiving, by the mobile wallet computer system, a request for funds from the merchant that includes an amount of the transaction in accordance with the offer and the transaction identification number that was included in the received code; and

sending, by the mobile wallet computer system, the requested funds to the merchant upon verifying the offer was accepted by the user of the mobile device and upon authenticating the transaction identification number.

15. The computer-implemented method of claim 14, wherein generating the code comprises embedding in the code a geographic location of the mobile device and a temporal indication.

16. The computer-implemented method of claim 15, further comprising determining the offer to present on the mobile device based on the geographic location of the mobile device, wherein the offer relates to a discount that is available at a merchant where the user of the mobile device has purchased products or services using a credit card or debit card.

17. The computer-implemented method of claim 14, further comprising:

analyzing transaction information to determine a spending pattern of the user, wherein the spending pattern includes determining at least one of a time or date the user purchases products or services from the one or more merchants; and

presenting at least one offer to the account holder based on the spending pattern.

18. The computer-implemented method of claim 14, further comprising:

determining that at least one attribute is shared among a plurality of users, wherein the at least one shared attribute is determined via an online social network, and wherein the plurality of users include the user'"'"'s connections in the online social network; and

presenting the plurality of users with an offer that has been accepted by at least one of the plurality of users.

19. The computer-implemented method of claim 14, further comprising authenticating the user using a biometric input that comprises facial recognition, voice, or a fingerprint.

20. The computer-implemented method of claim 14, further comprising determining a future offer to present to the user based on the indication from the user to use the offer.