INTERACTION PROCESSING WITH VIRTUAL COUNTER-PARTY IDENTIFICATION

• US 20190325409A1
• Filed: 04/17/2019
• Published: 10/24/2019
• Est. Priority Date: 04/20/2018
• Status: Abandoned Application

• Current Assignee: Google LLC (Alphabet Inc.)
• Original Assignee: Google LLC (Alphabet Inc.)
• Inventors: Madan, Arjita, Gwalani, Sumit
• Application Number:
  US16/387,253
• Publication Number:
  US 20190325409A1
• Time in Patent Office: Days
• CPC Class Codes: G06K 19/06037 multi-dimensional coding
• CPC Class Codes: G06Q 20/085 involving remote charge determination or related payment systems
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices

Abstract

To conduct an interaction with a counter-party, a user opens an application on a user computing device and initiates a process to transfer electronic records. The destination of the interaction, such as a recipient counter-party, is identified and a transfer flow is initiated. The user computing device receives an input of the identification of a counter-party for the interaction. The user computing device communicates to a server, such as a processing system server, that an interaction with the counter-party is desired. The processing system server identifies the destination account of the counter-party and the interaction details. The interaction is conducted and electronic records are deposited in the destination account of the counter-party. The counter-party and the user computing system are notified of the successful interaction.

Claims

1. A computer-implemented method to process interactions initiated by user computing devices, comprising:

by one or more computing devices;

configuring a destination record for a counter-party of an interaction, the configuration including an identification of the counter-party;

receiving a request from a user computing device to transfer electronic data to the destination record of the counter-party, the request comprising the identification of the counter-party;

transferring the electronic data from a record associated with the user computing device to the destination record; and

communicating a notification of the completion of the transfer of the electronic data.

2. The method of claim 1, wherein the identification of the counter-party is received by the user computing device from an input.

3. The method of claim 2, wherein the input of the identification comprises a voice input into the user computing device.

4. The method of claim 1, wherein the identification of the counter-party is received by the user computing device based on a location application operating on the user computing device.

5. The method of claim 1, wherein the destination record is one of a banking account, a credit card account, or a peer-to-peer account.

6. The method of claim 1, wherein the record associated with the user computing device is not a same type of record as the destination record.

7. The method of claim 1, wherein the counter-party is a merchant computing system.

8. The method of claim 1, wherein the transmitted electronic data are funds for a payment transaction.

9. The method of claim 1, further comprising receiving a notification from the counter-party that the electronic data was correct and that the interaction is complete.

10. The method of claim 1, further comprising receiving a notification from the user computing device that the interaction is complete.

11. The method of claim 1, wherein the destination record is managed by a third-party system.

12. The method of claim 1, wherein the record associated with the user computing device is managed by a third-party system.

13. A computer program product, comprising:

a non-transitory computer-readable medium having computer-executable program instructions embodied thereon that when executed by a computer cause the computer to process transactions initiated by user computing devices, the computer-executable program instructions comprising instructions to;

configure a destination account for a merchant computing system, the configuration including an identification of the merchant computing system;

receive a request from a user computing device to transfer funds to the destination account of the merchant computing system, the request comprising the identification of the merchant computing system;

transfer the funds from an account associated with the user computing device to the destination account; and

communicate a notification of the completion of the transfer of the funds.

14. The computer program product of claim 13, wherein the identification of the merchant computing system is received by the user computing device from an input.

15. The computer program product of claim 13, wherein the destination account is one of a banking account, a credit card account, or a peer-to-peer account.

16. The computer program product of claim 13, wherein the account associated with the user computing device is not a same type of account as the destination account.

17. A system to process transactions initiated by user computing devices, comprising:

a storage device,

a network device, and

a processor communicatively coupled to the storage device and the network device, wherein the processor executes application code instructions that are stored in the storage device to cause the system to;

receive a request from a user computing device to transfer funds to a destination account of a merchant computing system, the request comprising an identification of the merchant computing system;

transfer the funds from an account associated with the user computing device to the destination account; and

communicate a notification of the completion of the transfer of the funds.

18. The system of claim 17, wherein the processor further executes application code instructions to configure the destination account for the merchant computing system, the configuration including the identification of the merchant computing system.

19. The system of claim 17, wherein the identification of the merchant computing system is received by the user computing device based on a location application operating on the user computing device.

20. The system of claim 17, wherein the destination account is managed by a third-party system.