IDENTIFICATION OF DIRECT DEPOSIT PARTICIPANTS

• US 20150134509A1
• Filed: 11/13/2013
• Published: 05/14/2015
• Est. Priority Date: 11/13/2013
• Status: Abandoned Application

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Martin, Jason M., Rodgers, Cathy
• Application Number:
  US14/078,961
• Publication Number:
  US 20150134509A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 10/105 Human resources
• CPC Class Codes: G06Q 10/1057 Benefits or employee welfare, e.g. insurance, holiday or retirement packages
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems

Abstract

Embodiments of the invention are directed to systems, methods and computer program products for identifying participating employers in a direct deposit program. In some embodiments, a system is configured to: receive a first information from a user, wherein the first information includes an employer name; compare the received employer name to a database of employer names that participate in a direct deposit program; determine a match between the received employer name and an employer name that participates in a direct deposit program; and prompt the user with an offer to enroll in a direct deposit program via an interface, in response to determining a match.

Claims

1. An apparatus for identifying participating employers in a direct deposit program, the apparatus comprising:

a memory;

a processor; and

a module stored in memory, executable by the processor, and configured to;

receive a first information from a user, wherein the first information includes an employer name;

compare the received employer name to a database of employer names that participate in a direct deposit program;

determine a match between the received employer name and an employer name that participates in a direct deposit program; and

prompt the user with an offer to enroll in a direct deposit program via an interface, in response to determining a match.

2. The apparatus of claim 1, wherein the first information is received via at least one of a wireless network, the Internet, and a satellite network.

3. The apparatus of claim 1, wherein the employer name includes a string of text characters.

4. The apparatus of claim 1, wherein prompting the user with an offer to enroll in a direct deposit program further comprises enrolling an account associated with the user in the direct deposit program.

5. The apparatus of claim 4, wherein the user may select which account to enroll in the direct deposit program.

6. The apparatus of claim 5, wherein the user may select multiple accounts to enroll in the direct deposit program.

7. The apparatus of claim 4, wherein the account is at least one of a savings account, a checking account, and an investment account.

8. The apparatus of claim 4, wherein enrolling the account associated with the user comprises enrolling the account using a third party payroll provider.

9. The apparatus of claim 1, wherein comparing the received employer name to a database of employer names that participate in a direct deposit program comprises transmitting the employee name to a second apparatus for processing.

10. The apparatus of claim 9, wherein the second apparatus is associated with a financial institution.

11. The apparatus of claim 9, wherein the second apparatus is associated with a third party payroll provider.

12. The apparatus of claim 9, wherein transmitting the employer name to a second apparatus further comprises transmitting information associated with the employer.

13. The apparatus of claim 1, wherein comparing the received employer name to a database of employer names that participate in a direct deposit program comprises comparing one or more strings of text characters.

14. The apparatus of claim 1, wherein the interface includes prefilled information.

15. The apparatus of claim 14, wherein the prefilled information is associated with the employer.

16. The apparatus of claim 14, wherein the prefilled information is associated with the user.

17. The apparatus of claim 14, wherein the prefilled information is associated with an account associated with the user.

18. The apparatus of claim 1, wherein in response to determining that there is no match between the received employer name and an employer name that participates in a direct deposit program the received employer name is input to the database.

19. A method for identifying participating employers in a direct deposit program, the method comprising:

receiving a first information from a user, wherein the first information includes an employer name;

comparing the received employer name to a database of employer names that participate in a direct deposit program;

determining a match between the received employer name and an employer name that participates in a direct deposit program; and

prompting the user with an offer to enroll in a direct deposit program via an interface, in response to determining a match.

20. A computer program product for identifying participating employers in a direct deposit program, the computer program product comprising a non-transitory computer-readable medium comprising code causing a computer to:

receive a first information from a user, wherein the first information includes an employer name;

compare the received employer name to a database of employer names that participate in a direct deposit program;

determine a match between the received employer name and an employer name that participates in a direct deposit program; and

prompt the user with an offer to enroll in a direct deposit program via an interface, in response to determining a match.