Deposit Permissions For Specific Non-Account Holders

• US 20110288999A1
• Filed: 05/24/2010
• Published: 11/24/2011
• Est. Priority Date: 05/24/2010
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Schwartz, Joshua Bradley, McGraw, William H., Mele, Helene U., Vannatter, Timothy B.
• Granted Patent: US 8,874,482 B2
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

Systems and methods for permitting a specific individual to deposit monetary funds in an account are described. A first request to permit a specific individual to deposit monetary funds into an account associated with an entity may be received. The specific individual is not an account owner of the account. At least one account owner defined criterion identifying the specific individual is received, and data representing a permission for the specific individual to deposit monetary funds into the account associated with the entity is stored. The at least one criterion may include a name, an address, and/or some other identifier of the specific individual. One or more restrictions may be placed on the ability to deposit monetary funds in the account. Additional specific individuals with similar and/or different restrictions on the ability to deposit may be permitted to deposit monetary funds into the account.

Claims

1. A method comprising:

receiving, at a computer, a first request to permit a first specific individual to deposit monetary funds into an account associated with an entity, the first specific individual not being an account owner of the account;

receiving, at the computer, at least one account owner defined criterion identifying the first specific individual; and

storing data representing a permission for the first specific individual to deposit monetary funds into the account associated with the entity.

2. The method of claim 1, wherein the at least one account owner defined criterion identifying the first specific individual includes a transaction number associated with the first individual.

3. The method of claim 1, further comprising receiving, at the computer, at least one account owner defined restriction on the permission for the first specific individual to deposit monetary funds into the account associated with the entity.

4. The method of claim 3, wherein the at least one account owner defined restriction includes a period of time the first specific individual is permitted to deposit monetary funds in the account.

5. The method of claim 3, wherein the at least one account owner defined restriction includes a threshold amount of monetary funds permitted to be deposited in the account by the first specific individual.

6. The method of claim 5, wherein the threshold is a maximum amount of monetary funds permitted to be deposited in the account by the first specific individual.

7. The method of claim 3, wherein the at least one account owner defined restriction includes a specific amount of monetary funds permitted to be deposited in the account by the first specific individual.

8. The method of claim 1, further comprising:

receiving, at the computer, a second request to permit a second specific individual, different from the first specific individual, to deposit monetary funds into the account associated with the entity, the second specific individual not being an account owner of the account;

receiving, at the computer, at least one account owner defined criterion identifying the second specific individual; and

storing data representing a permission for the second specific individual to deposit monetary funds into the account associated with the entity.

9. The method of claim 8, further comprising:

receiving, at the computer, at least one account owner defined first restriction on the permission for the first specific individual to deposit monetary funds into the account associated with the entity; and

receiving, at the computer, at least one account owner defined second restriction on the permission for the second specific individual to deposit monetary funds into the account associated with the entity.

10. The method of claim 9, wherein the at least one account owner defined first restriction and the at least one account owner defined second restriction are different types of restrictions.

11. The method of claim 9, wherein the first specific individual an owner of a different account associated with the entity and the second specific individual has no account associated with the entity.

12. A method comprising:

determining, by a computer, whether a first specific individual is permitted to deposit monetary funds into an account associated with an entity, the first specific individual not being an account owner of the account;

receiving, at the computer, a first request from the first specific individual to deposit monetary funds into the account associated with the entity; and

receiving, at the computer, monetary funds from the first specific individual for deposit in the account.

13. The method of claim 12, the determining including identifying the first specific individual.

14. The method of claim 13, the identifying the first specific individual including reading a form of identification of the first specific individual, the form of identification including at least one of:

a credit card of the first specific individual, a debit card of the first specific individual, and an RFID associated with a mobile terminal of the first specific individual.

15. The method of claim 12, the determining including determining if at least one restriction prevents authorization to deposit monetary funds into the account by the first specific individual.

16. The method of claim 15, wherein the at least restriction includes a specific amount of monetary funds permitted to be deposited in the account by the first specific individual.

17. The method of claim 12, wherein the first specific individual is an owner of a different account associated with the entity, the receiving, at the computer, monetary funds includes receiving an authorization input from the first specific individual to transfer an amount of monetary funds to the account from the different account.

18. An apparatus comprising:

at least one processor; and

at least one memory having stored therein computer executable instructions, that when executed by the at least one processor, cause the apparatus to perform a method of;

receiving a first request to permit a first specific individual to deposit monetary funds into an account associated with an entity, the first specific individual not being an account owner of the account;

receiving at least one account owner defined criterion identifying the first specific individual; and

storing data representing a permission for the first specific individual to deposit monetary funds into the account associated with the entity.

19. The apparatus of claim 18, the computer executable instructions, that when executed by the at least one processor, further cause the apparatus to perform receiving at least one account owner defined restriction on the permission for the first specific individual to deposit monetary funds into the account associated with the entity.

20. The apparatus of claim 18, the computer executable instructions, that when executed by the at least one processor, further cause the apparatus to perform:

receiving a second request to permit a second specific individual, different from the first specific individual, to deposit monetary funds into the account associated with the entity, the second specific individual not being an account owner of the account;

receiving at least one account owner defined criterion identifying the second specific individual; and

storing data representing a permission for the second specific individual to deposit monetary funds into the account associated with the entity.

21. The apparatus of claim 20, the computer executable instructions, that when executed by the at least one processor, further cause the apparatus to perform:

receiving at least one account owner defined first restriction on the permission for the first specific individual to deposit monetary funds into the account associated with the entity; and

receiving at least one account owner defined second restriction on the permission for the second specific individual to deposit monetary funds into the account associated with the entity.

22. The apparatus of claim 21, wherein the at least one account owner defined first restriction and the at least one account owner defined second restriction are different types of restrictions.

23. An apparatus comprising:

at least one scanner configured to capture, from a first specific individual, data representative of an identity of the first specific individual, the first specific individual not being an account owner of the account;

at least one deposit unit configured to receive monetary funds from the first specific individual for deposit in the account;

at least one processor; and

at least one memory having stored therein computer executable instructions, that when executed by the at least one processor, cause the apparatus to perform a method of;

determining whether a first specific individual is permitted to deposit monetary funds into an account associated with an entity, the first specific individual not being an account owner of the account;

receiving a first request from the first specific individual to deposit monetary funds into the account associated with the entity; and

receiving monetary funds from the first specific individual for deposit in the account.

24. The apparatus of claim 23, the determining including reading, by the at least one scanner, a form of identification of the first specific individual, the form of identification including at least one of:

a credit card of the first specific individual, a debit card of the first specific individual, and an RFID associated with a mobile terminal of the first specific individual.

25. The apparatus of claim 23, the determining including determining if at least one restriction prevents authorization to deposit monetary funds into the account by the first specific individual.

26. The apparatus of claim 23, wherein the first specific individual is an owner of a different account associated with the entity, the receiving monetary funds includes receiving an authorization input from the first specific individual to transfer an amount of monetary funds to the account from the different account.

27. One or more computer-readable media storing computer-readable instructions that, when executed by at least one computer, cause the at least one computer to perform a method of:

receiving a first request to permit a first specific individual to deposit monetary funds into an account associated with an entity, the first specific individual not being an account owner of the account;

receiving at least one account owner defined criterion identifying the first specific individual; and

storing data representing a permission for the first specific individual to deposit monetary funds into the account associated with the entity.

28. The one or more computer-readable media of claim 27, the computer-readable instructions that, when executed by at least one computer, further cause the at least one computer to perform receiving at least one account owner defined restriction on the permission for the first specific individual to deposit monetary funds into the account associated with the entity.

29. The one or more computer-readable media of claim 27, the computer-readable instructions that, when executed by at least one computer, further cause the at least one computer to perform:

receiving a second request to permit a second specific individual, different from the first specific individual, to deposit monetary funds into the account associated with the entity, the second specific individual not being an account owner of the account;

receiving at least one account owner defined criterion identifying the second specific individual; and

storing data representing a permission for the second specific individual to deposit monetary funds into the account associated with the entity.

30. One or more computer-readable media storing computer-readable instructions that, when executed by at least one computer, cause the at least one computer to perform a method of:

determining, by a computer, whether a first specific individual is permitted to deposit monetary funds into an account associated with an entity, the first specific individual not being an account owner of the account;

receiving, at the computer, a first request from the first specific individual to deposit monetary funds into the account associated with the entity; and

receiving, at the computer, monetary funds from the first specific individual for deposit in the account.

31. The one or more computer-readable media of claim 30, the computer-readable instructions that, when executed by at least one computer, further cause the at least one computer to perform determining including identifying the first specific individual.

32. The one or more computer-readable media of claim 31, the identifying the first specific individual including reading a form of identification of the first specific individual, the form of identification including at least one of:

a credit card of the first specific individual, a debit card of the first specific individual, and an RFID associated with a mobile terminal of the first specific individual.

33. The one or more computer-readable media of claim 30, wherein the first specific individual is an owner of a different account associated with the entity, the receiving, at the computer, monetary funds includes receiving an authorization input from the first specific individual to transfer an amount of monetary funds to the account from the different account.