SYSTEMS AND METHODS FOR ELECTRONIC PAYMENT INSTRUMENT REPOSITORY

• US 20140244493A1
• Filed: 02/27/2013
• Published: 08/28/2014
• Est. Priority Date: 02/27/2013
• Status: Active Grant

• Current Assignee: Fiserv Incorporated
• Original Assignee: Fiserv Incorporated
• Inventors: Barlok, Todd Christopher, Sheehan, Timothy Patrick, Kenyon, Leah Phillips
• Granted Patent: US 9,710,806 B2
• Time in Patent Office: Days
• US Class Current: 705/41
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes

Abstract

Systems and methods that receive one or more images and based at least in part on the received images, identify information associated with a payment instrument. The information associated with the payment instrument may be stored in a payment instrument repository, such as an electronic wallet (eWallet), associated with a user. The eWallet may be accessed by the user to add, delete, or modify payment instruments and associated information in the eWallet. The eWallet may further be used by the use to initiate a financial transaction using one or more of the payment instruments associated with the eWallet.

Claims

1. A financial system, comprising:

one or more memories that stores computer-executable instructions; and

one or more processors configured to access the one or more memories, wherein the one or more processors is further configured to execute the computer-executable instructions to;

receive, on behalf of a user, one or more images, wherein each of the one or more images represents a respective at least a portion of a payment instrument associated with a financial account associated with the user;

identify, based at least in part on processing the one or more images, one or more payment instrument data elements, wherein at least one of the one or more of payment instrument data elements identify the financial account;

store the one or more payment instrument data elements in an electronic wallet associated with the user; and

provide, on behalf of the user, at least one of the one or more payment instrument data elements to initiate a financial transaction drawn on the financial account.

2. The financial system of claim 1, wherein the one or more processors is further configured to execute the computer-executable instructions to authenticate the user to:

(i) create the electronic wallet associated with the user, or (ii) access the electronic wallet associated with the user, wherein the electronic wallet is pre-existing.

3. The financial system of claim 1, wherein the one or more processors is further configured to execute the computer-executable instructions to receive, on behalf of a user, a request to add or modify the payment instrument in the electronic wallet, wherein receiving the one or more images is associated with receiving the request.

4. The financial system of claim 1, wherein the one or more processors is further configured to execute the computer-executable instructions to transmit, for presentation to the user, instructions for providing the one or more images.

5. The financial system of claim 1, wherein the financial account comprises at least one of:

(i) a demand deposit account;

(ii) a credit card account;

(iii) a debit card account;

or (iv) a prepaid card account.

6. The financial system of claim 1, wherein the payment instrument comprises at least one of:

(i) a check;

(ii) a credit card;

(iii) a debit card;

or (iv) a prepaid card.

7. The financial system of claim 1, wherein the one or more images comprises at least one of:

(i) an image of a front of a check;

(ii) an image of a back of a check;

(iii) an image of a front of a credit card;

(iv) an image of a back of a credit card;

(v) an image of a front of a debit card;

(vi) an image of a back of a debit card;

(v) an image of a front of a prepaid card;

(vi) an image of a back of a prepaid card.

8. The financial system of claim 1, wherein the one or more processors is further configured to execute the computer-executable instructions to identify the one or more payment instrument data elements comprises the one or more processors is configured to execute the computer-executable instructions to:

transmit, for presentation to the user, an indication of at least one of the one or more payment instrument data elements; and

receive, on behalf of the user, at least one of;

(i) a confirmation of the at least one of the one or more payment instrument data elements, or (ii) modification of one or more of the at least one of the one or more payment instrument data elements.

9. The financial system of claim 1, wherein the one or more processors is further configured to execute the computer-executable instructions to identify the one or more payment instrument data elements comprises the one or more processors is configured to execute the computer-executable instructions to perform, on at least one of the one or more images, at least one of:

(i) image filtering;

(ii) image sharpening;

(iii) modifying the orientation;

(iv) modifying the dithering of one or more pixels;

(v) modifying the contrast;

(vi) modifying the brightness;

(vii) processing metadata associated with the one or more images;

(vii) image field recognition;

(viii) text sequence recognition;

(ix) optical character recognition;

or (x) intelligent character recognition.

10. The financial system of claim 1, wherein the one or more payment instrument data elements comprise at least one of:

(i) an identification of a payment instrument type;

(ii) an identification of the payer'"'"'s address;

(iii) an identification of the payer'"'"'s telephone number;

(iv) an identification of the financial account;

(v) an identification of a financial account number;

(vi) an identification of a routing number;

(vii) an identification of a check number;

(viii) an expiration date;

(ix) a card verification string;

(x) a card type;

(xi) a card association;

or (xii) a card issuer.

11. The financial system of claim 1, wherein at least one of the one or more payment instrument data elements is received on behalf of the user apart from the one or more images.

12. The financial system of claim 1, wherein the one or more processors is further configured to execute the computer-executable instructions to store the one or more payment instrument data elements in the electronic wallet comprises the one or more processors is configured to execute the computer-executable instructions to at least one of:

(i) create a new indication of the payment instrument in the electronic wallet, or (ii) update an existing indication of the payment instrument in the electronic wallet.

13. The financial system of claim 1, wherein the one or more processors is further configured to execute the computer-executable instructions to:

receive additional parameters associated with the payment instrument, wherein the additional parameters are associated with restrictions on the financial transaction; and

store the additional parameters in the electronic wallet.

14. The financial system of claim 13, wherein the restrictions on the financial transaction includes at least one of:

(i) a spending limit per financial transaction;

(ii) a total spending limit over a predefined period of time;

or (iii) one or more merchants with which the financial transaction cannot be performed.

15. The financial system of claim 1, wherein the financial transaction comprises at least one of:

(i) a bill payment;

(ii) a person-to-person payment;

(iii) an account-to-account funds transfer;

or (iv) a retail purchase.

16. A method, comprising:

receiving, by a computerized financial system comprising one or more computers and on behalf of a user, one or more images, wherein each of the one or more images represents a respective at least a portion of a payment instrument associated with a financial account associated with the user;

identifying, by the computerized financial system and based at least in part on processing the one or more images, one or more payment instrument data elements, wherein at least one of the one or more of payment instrument data elements identify the financial account;

storing, by the computerized financial system, the one or more payment instrument data elements in an electronic wallet associated with the user; and

providing, by the computerized financial system and on behalf of the user, at least one of the one or more payment instrument data elements to initiate a financial transaction drawn on the financial account.

17. The method of claim 16, further comprising authenticating, by the computerized financial system, the user to:

(i) create the electronic wallet associated with the user, or (ii) access the electronic wallet associated with the user, wherein the electronic wallet is pre-existing.

18. The method of claim 16, further comprising receiving, by the computerized financial system on behalf of a user, a request to add or modify the payment instrument in the electronic wallet, wherein receiving the one or more images is associated with receiving the request.

19. The method of claim 16, further comprising transmitting, by the computerized financial system for presentation to the user, instructions for providing the one or more images.

20. The method of claim 16, wherein the financial account comprises at least one of:

(i) a demand deposit account;

(ii) a credit card account;

(iii) a debit card account;

or (iv) a prepaid card account.

21. The method of claim 16, wherein the payment instrument comprises at least one of:

(i) a check;

(ii) a credit card;

(iii) a debit card;

or (iv) a prepaid card.

22. The method of claim 16, wherein the one or more images comprises at least one of:

(i) an image of a front of a check;

(ii) an image of a back of a check;

(iii) an image of a front of a credit card;

(iv) an image of a back of a credit card;

(v) an image of a front of a debit card;

(vi) an image of a back of a debit card;

(v) an image of a front of a prepaid card;

(vi) an image of a back of a prepaid card.

23. The method of claim 16, wherein identifying the one or more payment instrument data elements comprises:

transmitting, by the computerized financial system for presentation to the user, an indication of at least one of the one or more payment instrument data elements; and

receiving, by the computerized financial system and on behalf of the user, at least one of;

(i) a confirmation of the at least one of the one or more payment instrument data elements, or (ii) modification of one or more of the at least one of the one or more payment instrument data elements.

24. The method of claim 16, wherein identifying the one or more payment instrument data elements comprises performing, on at least one of the one or more images, at least one of:

(i) image filtering;

(ii) image sharpening;

(iii) modifying the orientation;

(iv) modifying the dithering of one or more pixels;

(v) modifying the contrast;

(vi) modifying the brightness;

(vii) processing metadata associated with the one or more images;

(vii) image field recognition;

(viii) text sequence recognition;

(ix) optical character recognition;

or (x) intelligent character recognition.

25. The method of claim 16, wherein the one or more payment instrument data elements comprise at least one of:

(i) an identification of a payment instrument type;

(ii) an identification of the payer'"'"'s address;

(iii) an identification of the payer'"'"'s telephone number;

(iv) an identification of the financial account;

(v) an identification of a financial account number;

(vi) an identification of a routing number;

(vii) an identification of a check number;

(viii) an expiration date;

(ix) a card verification string;

(x) a card type;

(xi) a card association;

or (xii) a card issuer.

26. The method of claim 16, wherein at least one of the one or more payment instrument data elements is received on behalf of the user apart from the one or more images.

27. The method of claim 16, wherein storing the one or more payment instrument data elements in the electronic wallet comprises at least one of:

(i) creating a new indication of the payment instrument in the electronic wallet, or (ii) updating an existing indication of the payment instrument in the electronic wallet.

28. The method of claim 16, further comprising:

receiving, by the computerized financial system, additional parameters associated with the payment instrument, wherein the additional parameters are associated with restrictions on the financial transaction; and

storing, by the financial system, the additional parameters in the electronic wallet.

29. The method of claim 28, wherein the restrictions on the financial transaction includes at least one of:

(i) a spending limit per financial transaction;

(ii) a total spending limit over a predefined period of time;

or (iii) one or more merchants with which the financial transaction cannot be performed.

30. The method of claim 16, wherein the financial transaction comprises at least one of:

(i) a bill payment;

(ii) a person-to-person payment;

(iii) an account-to-account funds transfer;

or (iv) a retail purchase.