Mobile wallet payment vehicle preferences

• US 9,830,590 B2
• Filed: 11/25/2014
• Issued: 11/28/2017
• Est. Priority Date: 01/31/2011
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Grigg, David M., Keller, Marc B.
• Primary Examiner(s): NGUYEN, TIEN C
• Application Number:
  US14/552,694
• Publication Number:
  US 20150081540A1
• Time in Patent Office: 1,099 Days
• Field of Search: 705 37, 705 39, 705 38, 705 40, 705 41, 705 729, 705 16, 705 44, 705 31, 705 17, 705 66, 705 45, 705 78, 382100, 370352, 726 29, 726 2, 726 26, 713182, 235375, 235380, 235379, 235382, 235435, 235487, 235439
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3227 using secure elements embedded in M-devices
• CPC Class Codes: G06Q 20/3278 RFID or NFC payments by means of M-devices
• CPC Class Codes: G06Q 20/3572 Multiple accounts on card
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: G06Q 20/363 with the personal data of a user
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: H04L 67/306 User profiles
• CPC Class Codes: H04W 4/80 Services using short range communication, e.g. near-field communication [NFC], radio-frequency identification [RFID] or low energy communication

Abstract

In general, apparatuses, methods and computer program products for making contactless financial transactions utilizing a mobile wallet are disclosed. Particularly, a mobile wallet application is disclosed that utilizes, at least in part, user specific data to generate a payment vehicle recommendation for different transactions. The user specific data may include the active user profile, prior payment vehicle usage, user preferences for the type of transaction, user location, rewards programs associated with use of one or more payment vehicles, or the like, or combinations thereof.

Claims

1. A mobile device associated with a user for making a purchase, the mobile device comprising:

a memory device;

a positioning system device;

a user interface configured to present information to the user;

a communication device;

a memory chip comprising a secure module;

a processing device operatively coupled to the memory device, the memory chip, and the communication device; and

a mobile wallet application configured to;

receive authentication information from the user to access the mobile wallet application;

compare the authentication information received from the user with authentication data stored in the secure module;

determine a match between the authentication information and the authentication data stored in the secure module and authorize access to the mobile wallet application;

establish a wireless communication with an external device, wherein the external device is a merchant router or a merchant security sensor;

receive a wireless signal from the external device and determine a location of the user making a current purchase using the positioning system device based on the wireless signal received from the external device;

determine an active user profile of the mobile device from a list of user profiles associated with the mobile device, wherein the active user profile associated with the user is currently utilizing the mobile wallet application to the exclusion of at least one dormant user profile associated with a second user;

present, via the user interface, a menu, the menu comprising options selectable by the user, the options comprising multiple payment vehicles;

generate a payment vehicle recommendation, the payment vehicle recommendation generated based, at least in part, on a history of prior payment vehicle usage associated with the active user profile to make a prior purchase at the location;

cause a user interface of the mobile device to display a selectable prompt comprising at least an identification of the payment vehicle recommendation;

receive, via the user interface of the mobile device, a user input of a selection of the selectable prompt comprising at least the identification of the payment vehicle recommendation;

receive, via the user interface of the mobile device, a second user input comprising instructions to transmit payment vehicle data of a recommended payment vehicle associated with the payment vehicle recommendation to an external apparatus, wherein the external apparatus is an automated teller machine or a contactless payment terminal; and

transmit the payment vehicle data associated with the recommended payment vehicle wirelessly from the mobile device to the external apparatus to complete the current purchase.

2. The mobile device of claim 1, wherein the mobile wallet application is further configured to generate a spending summary over a user-defined time period for the active user profile.

3. The mobile device of claim 1, wherein the mobile wallet application is further configured to record user transaction data in the memory device for some or all transactions, the user transaction data being utilized in the generation of payment vehicle recommendations for future transactions.

4. The mobile device of claim 3, wherein the mobile wallet application is further configured to record user location data in the memory device for some or all transactions, the user location data being utilized in the generation of payment vehicle recommendations for future transactions.

5. The mobile device of claim 1, wherein the mobile wallet application is further configured to present, via the user interface, a primary reason for selecting the recommended payment vehicle.

6. The mobile device of claim 1, wherein the memory chip is removably stored in a secured data storage location that is separate from the memory device of the mobile device.

7. A method for making a purchase, the method comprising:

executing, on a mobile device comprising a memory device, a user interface, a communication device, and a processing device, a mobile wallet application, the mobile wallet application comprising a menu of options selectable by a user, the options comprising multiple payment vehicles, wherein executing the mobile wallet application comprises;

receiving authentication information from the user to access the mobile wallet application;

comparing the authentication information received from the user with authentication data stored in a secure module of a memory chip of the mobile device;

determining a match between the authentication information and the authentication data stored in the secure module and authorize access to the mobile wallet application;

establishing a wireless communication with an external device, wherein the external device is a merchant router or a merchant security sensor;

receiving a wireless signal from the external device and determining a location of the user making a current purchase using a positioning system device based on the wireless signal received from the external device;

determining an active user profile of the mobile device from a list of user profiles associated with the mobile device, wherein the active user profile is currently utilizing the mobile wallet application to the exclusion of at least one dormant user profile;

generating a payment vehicle recommendation, the payment vehicle recommendation generated based, at least in part, on a history of prior payment vehicle usage associated with the active user profile to make a prior purchase at the location;

causing a display of the mobile device to present, on the user interface of the mobile device, a selectable prompt comprising at least an identification of the payment vehicle recommendation;

receiving, via the user interface of the mobile device, a user input of a selection of the selectable prompt comprising at least the identification of the payment vehicle recommendation;

receiving, via the user interface of the mobile device, a second user input comprising instructions to transmit payment vehicle data of a recommended payment vehicle associated with the payment vehicle recommendation to an external apparatus, wherein the external apparatus is an automated teller machine or a contactless payment terminal; and

transmitting the payment vehicle data associated with the recommended payment vehicle wirelessly from the mobile device to an external apparatus to complete the current purchase.

8. The method of claim 7, further comprising generating a spending summary over a user-defined time period for the active user profile.

9. The method of claim 7, further comprising recording user transaction data in the memory device for some or all transactions, the user transaction data being utilized in the generation of payment vehicle recommendations for future transactions.

10. The method of claim 7, wherein the mobile wallet application is further configured to present, via the user interface, a primary reason for selecting the recommended payment vehicle.

11. The method of claim 7, wherein the memory chip is removably stored in a secured data storage location that is separate from the memory device of the mobile device.

12. A computer program product for making a purchase via a mobile device, the computer program product comprising a non-transitory computer-readable medium comprising computer program code instructions for:

receiving authentication information from the user to access a mobile wallet application stored on the mobile device;

comparing the authentication information received from the user with authentication data stored in a secure module of a memory chip of the mobile device;

determining a match between the authentication information and the authentication data stored in the secure module and authorize access to the mobile wallet application;

establishing a wireless communication with an external device, wherein the external device is a merchant router or a merchant security sensor;

receiving a wireless signal from the external device and determining a location of the user making a current purchase using a positioning system device based on the wireless signal received from the external device;

determining an active user profile of the mobile device from a list of user profiles associated with the mobile device, wherein the active user profile is currently utilizing the mobile wallet application to the exclusion of at least one dormant user profile;

executing, on the mobile device, the mobile wallet application configured to present, on a user interface of the mobile device, a menu of options selectable by a user, the menu of options comprising multiple payment vehicles;

generating a payment vehicle recommendation, the payment vehicle recommendation being generated based, at least in part, on a history of prior payment vehicle usage associated with the active user profile to make a prior purchase at the location;

causing a display of the mobile device to present, on the user interface of the mobile device, a selectable prompt comprising at least an identification of the payment vehicle recommendation;

receiving, via the user interface of the mobile device, a user input of a selection of a the selectable prompt comprising at least the identification of the payment vehicle;

receiving, via the user interface of the mobile device, a second user input comprising instructions to transmit payment vehicle data of a recommended payment vehicle associated with the payment vehicle recommendation to an external apparatus, wherein the external apparatus is an automated teller machine or a contactless payment terminal; and

transmitting the payment vehicle data associated with the recommended payment vehicle wirelessly from the mobile device to an external apparatus to complete the purchase.

13. The computer program product of claim 12, wherein the computer-readable medium further comprises computer program code instructions for generating a spending summary over a user-defined time period for the active user profile.

14. The computer program product of claim 12, wherein the computer-readable medium further comprises computer program code instructions for recording user transaction data in a memory device for some or all transactions, the user transaction data being utilized in the generation of payment vehicle recommendations for future transactions.

15. The computer program product of claim 12, wherein the computer-readable medium further comprises computer program code instructions for recording user location data in a memory device for some or all transactions, the user location data being utilized in the generation of payment vehicle recommendations for future transactions.

16. The computer program product of claim 12, wherein the mobile wallet application is further configured to present, via the user interface, a primary reason for selecting the recommended payment vehicle.

17. The computer program product of claim 12, wherein the memory chip is removably stored in a secured data storage location that is separate a memory device of the mobile device.