SYSTEM AND METHOD FOR PROVIDING SOCIAL CASH

• US 20150339638A1
• Filed: 05/20/2015
• Published: 11/26/2015
• Est. Priority Date: 05/20/2014
• Status: Abandoned Application

• Current Assignee: Capital One Services LLC (Capital One Financial Corporation)
• Original Assignee: Capital One Financial Corporation
• Inventors: DeLUCA, Brian
• Application Number:
  US14/717,550
• Publication Number:
  US 20150339638A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/327 Short range or proximity payments by means of M-devices
• CPC Class Codes: G06Q 20/384 using social networks

Abstract

A system and method for facilitating dispensing social cash includes an application programming interface that receives a contact list, a communications processor that receives a request for a mobile cash dispenser from a user device, a location processor that provides location information to the user device indicating the location of one or more mobile cash dispensers, wherein each of the one or more mobile cash dispensers are associated with a respective contact in the contact list, an input interface that receives a selection from the user device of one of the one or more mobile cash dispensers, and a social cash processor in cooperation with the communications processor that facilitates an interaction between the user device and the selected mobile cash dispenser and receives transaction confirmation information from at least one of the user device and the mobile cash dispenser.

Claims

1. A system, comprising:

an application programming interface that receives a contact list;

a communications processor that receives a request for a mobile cash dispenser from a user device;

a location processor that provides location information to the user device indicating the location of one or more mobile cash dispensers, wherein each of the one or more mobile cash dispensers are associated with a respective contact in the contact list;

an input interface that receives a selection from the user device of one of the one or more mobile cash dispensers; and

a social cash processor in cooperation with the communications processor that facilitates an interaction between the user device and the selected mobile cash dispenser and receives transaction confirmation information from at least one of the user device and the mobile cash dispenser.

2. The system of claim 1, further comprising:

a graphical user interface that displays to the user the locations of the one or more mobile cash dispensers on an interactive map.

3. The system of claim 1, further comprising:

a financial transactions processor that processes the transaction after the social cash processor received transaction confirmation information.

4. The system of claim 1, wherein the social cash processor receives the transaction confirmation information after a user of the mobile cash dispenser provides cash to a user of the user device.

5. The system of claim 1, wherein the application programming interfaces with a social network and the client list is associated with a social network profile of a user of the user device.

6. The system of claim 1, wherein, to facilitate the interaction, a graphical user interface prompts a user of the user device to enter an amount of social cash the user seeks and the input interface receives the inputted amount from the input interface.

7. The system of claim 6, wherein to facilitate the interaction, the communication processor transmits the amount to the mobile cash dispenser and receives confirmation that a user of the mobile cash dispenser has the amount in cash to dispenser.

8. The system of claim 1, wherein the user device is associated with a requestor.

9. The system of claim 8, wherein the mobile cash dispenser is associated with a dispenser.

10. The system of claim 9, wherein the mobile cash dispenser includes:

a communications processor that receives a request to dispense cash from the user device and the location of the user device;

a graphical user interface that displays the location of the user device and an amount of cash that a user of the user device seeks;

an input interface that receives an indication from a user of the mobile cash dispenser that the user possesses the requested amount in cash; and

a social cash processor in cooperation with the communications processor that facilitates an interaction between the user device and the mobile cash dispenser and receives transaction confirmation information from the mobile cash dispenser.