Efficient transfer of funds between accounts

• US 10,026,119 B2
• Filed: 09/10/2012
• Issued: 07/17/2018
• Est. Priority Date: 09/10/2012
• Status: Active Grant

• Current Assignee: Google LLC (Alphabet Inc.)
• Original Assignee: Google LLC (Alphabet Inc.)
• Inventors: Green, Travis Harrison Kroll, Cozens, Narelle, Schmitt, Peter, DePasquale, Michael, Pennarun, Avery, Mizhen, Boris
• Primary Examiner(s): Liu, I Jung
• Application Number:
  US13/608,834
• Publication Number:
  US 20140074709A1
• Time in Patent Office: 2,136 Days
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A transfer management system receives a request to transfer an amount of funds from a transferring account maintained by a transferring bank to a receiving account maintained by a receiving bank. The transfer management system determines whether the transferring bank maintains an intermediate transferring account, and whether the receiving bank maintains an intermediate receiving account. If the transferring bank maintains an intermediate transferring account and the receiving maintains an intermediate receiving account, the transfer management system transmits to a transferring bank system of the transferring bank an intra-bank transfer request. The intra-bank transfer request is to transfer the amount of funds from the transferring account to the intermediate transferring account. Additionally, the transfer management system transmits an intra-bank transfer request to a receiving bank system of the receiving bank to transfer the amount of funds from the intermediate receiving account maintained by the receiving bank to the receiving account.

Claims

1. A computer-implemented method comprising:

receiving, by a transfer management computer system, a fund transfer request to transfer an amount of funds from a transferring account maintained by a transferring bank to a receiving account maintained by a receiving bank;

determining, by the transfer management computer system, that the transferring bank maintains a first intermediate account and that the receiving bank maintains a second intermediate account, the first intermediate account and the second intermediate account managed by an administrative entity independent from the transferring bank and the receiving bank;

responsive to determining that the transferring bank maintains the first intermediate account and the receiving bank maintains the second intermediate account, processing, by the transfer management computer system, the fund transfer request, via the Internet, without initiating a fund transfer between the first intermediate account and the second intermediate account, the transfer management computer system processing the fund transfer request by;

transmitting to a transferring bank system of the transferring bank, an Internet intra-bank transfer request to transfer the amount of funds from the transferring account to the first intermediate account maintained by the transferring bank; and

responsive to the first intermediate account receiving the funds from the transferring account, transmitting to a receiving bank system of the receiving bank, an Internet intra-bank transfer request to transfer the amount of funds from the second intermediate account maintained by the receiving bank to the receiving account; and

responsive to a balance of an intermediate account below an ideal fund range, initiating, by the transfer management system and as a replenishment, a transfer of funds to the intermediate account having a balance below the ideal fund range, wherein the ideal fund range is determined based on at least one of the following factors;

a number of transfers to the intermediate account, an average fund transfer value to the intermediate account, a number of transfers from the intermediate account, an average fund transfer value from the intermediate account, and a number of user accounts with the bank maintaining the intermediate account.

2. The method of claim 1, further comprising:

determining whether the second intermediate account has sufficient funds to transfer the amount of funds to the receiving account;

responsive to determining that the second intermediate account does not have sufficient funds, inquiring at regular intervals whether the second intermediate account has sufficient funds; and

responsive to determining via an inquiry that the second intermediate account has sufficient funds, transmitting the request to the transferring bank system and the request to the receiving bank system.

3. The method of claim 1, further comprising:

responsive to a determination that the transferring bank maintains a first intermediate account but the receiving bank does not maintain a second intermediate account;

transmitting, by the transfer management computer system to the transferring bank system, an intra-bank transfer request to transfer the amount of funds from the transferring account to the first intermediate account; and

transmitting, by the transfer management computer system to the transferring bank system, an inter-bank transfer request to transfer the amount of funds from the first intermediate account to the receiving account.

4. The method of claim 3, wherein the request to transfer the amount of funds from the first intermediate account to the receiving account is transmitted responsive to the first intermediate account electronically receiving the amount of funds from the transferring account.

5. The method of claim 3, wherein responsive to the first intermediate account electronically receiving the amount of funds from the transferring account, a communication is transmitted to a user of the receiving account indicating that the administrative entity guarantees the user that the receiving account will receive the amount of funds according to the fund transfer request.

6. The method of claim 1, further comprising:

responsive to a determination that the receiving bank maintains a second intermediate account, that the transferring bank does not maintain a first intermediate account, and that a user that initiated the fund transfer request is trusted by the transfer management computer system;

transmitting, by the transfer management computer system to the transferring bank system, an inter-bank transfer request to transfer the amount of funds from the transferring account to the second intermediate account; and

transmitting, by the transfer management computer system to the receiving bank system, an intra-bank transfer request to transfer the amount of funds from the second intermediate account to the receiving account.

7. The method of claim 6, wherein a determination is made that the user is trusted responsive to a trust score determined for the user being above a threshold.

8. The method of claim 7, wherein the trust score for the user is determined based on one or more of the following factors:

an amount of time the user has been registered with the transfer management computer system, how frequently the user requests fund transfers, a number of times the user failed to repay a debt after funds were loaned to the user for transferring funds to a receiving account, and one or more credit scores of the user.

9. The method of claim 1, further comprising:

responsive to a determination that the receiving bank maintains a second intermediate account, that the transferring bank does not maintain a first intermediate account, and that a user that initiated the fund transfer request is not trusted by the transfer management computer system, transmitting, by the transfer management computer system to the transferring bank system, an inter-bank transfer request to transfer the amount of funds from the transferring account to the receiving bank.

16. The method of claim 1, wherein the replenishment is from a replenishing intermediate account having a balance above the ideal fund range of the replenishing intermediate account.

10. A computer program product comprising a non-transitory computer-readable storage device having computer-executable program instructions embodied thereon that when executed by a computer cause the computer to:

receive a fund transfer request to transfer an amount of funds from a transferring account maintained by a transferring bank to a receiving account maintained by a receiving bank;

determine that the transferring bank maintains a first intermediate account and that the receiving bank maintains a second intermediate account, the first intermediate account and the second intermediate account managed by an administrative entity independent from the transferring bank and the receiving bank; and

responsive to determining that the transferring bank maintains the first intermediate account and the receiving bank maintains the second intermediate account, process the fund transfer request, via the Internet, without initiating a fund transfer between the first intermediate account and the second intermediate account, the fund transfer request processed by;

transmitting to a transferring bank system of the transferring bank, an Internet intra-bank transfer request to transfer the amount of funds from the transferring account to the first intermediate account maintained by the transferring bank; and

responsive to the first intermediate account receiving the funds from the transferring account, transmitting to a receiving bank system of the receiving bank, an Internet intra-bank transfer request to transfer the amount of funds from the second intermediate account maintained by the receiving bank to the receiving account; and

responsive to a balance of an intermediate account below an ideal fund range, initiate, by the transfer management system and as a replenishment, a transfer of funds to the intermediate account having a balance below the ideal fund range, wherein the ideal fund range is determined based on at least one of the following factors;

an average fund transfer value to the intermediate account, a number of transfers from the intermediate account, an average fund transfer value from the intermediate account, and a number of user accounts with the bank maintaining the intermediate account.

11. The computer program product of claim 10, wherein the computer-executable program instructions further comprise computer-executable program instructions, responsive to a determination that the transferring bank maintains a first intermediate account but the receiving bank does not maintain a second intermediate account:

to transmit to the transferring bank system, an intra-bank transfer request to transfer the amount of funds from the transferring account to the first intermediate account; and

to transmit to the transferring bank system, an inter-bank transfer request to transfer the amount of funds from the first intermediate account to the receiving account.

12. The computer program product of claim 10, wherein the computer-executable program instructions further comprise computer-executable program instructions, responsive to a determination that the receiving bank maintains a second intermediate account, that the transferring bank does not maintain a first intermediate account, and that a user that initiated the fund transfer request is trusted by the transfer management computer system:

to transmit to the transferring bank system, an inter-bank transfer request to transfer the amount of funds from the transferring account to the second intermediate account; and

to transmit to the receiving bank system, an intra-bank transfer request to transfer the amount of funds from the second intermediate account to the receiving account.

13. A system comprising:

a non-transitory computer-readable storage media; and

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

receive a fund transfer request to transfer an amount of funds from a transferring account maintained by a transferring bank to a receiving account maintained by a receiving bank;

determine that the transferring bank maintains a first intermediate account and that the receiving bank maintains a second intermediate account, the first intermediate account and the second intermediate account managed by an administrative entity independent from the transferring bank and the receiving bank; and

responsive to determining that the transferring bank maintain the first intermediate account and the receiving bank maintains the second intermediate account, process the fund transfer request via the Internet without initiating a fund transfer between the first intermediate account and the second intermediate account, the fund transfer request processed by;

transmitting to a transferring bank system of the transferring bank, an Internet intra-bank transfer request to transfer the amount of funds from the transferring account to the first intermediate account maintained by the transferring bank; and

responsive to the first intermediate account receiving the funds from the transferring account, transmitting to a receiving bank system of the receiving bank, an Internet intra-bank transfer request to transfer the amount of funds from the second intermediate account maintained by the receiving bank to the receiving account; and

responsive to a balance of an intermediate account below an ideal fund range, initiate, by the transfer management system and as a replenishment, a transfer of funds to the intermediate account having a balance below the ideal fund range, wherein the ideal fund range is determined based on at least one of the following factors;

a number of transfers to the intermediate account, an average fund transfer value to the intermediate account, a number of transfers from the intermediate account, an average fund transfer value from the intermediate account, and a number of user accounts with the bank maintaining the intermediate account.

14. The system of claim 13, wherein the processor further executes application code instructions that are stored in the storage media to cause the system to, responsive to a determination that the transferring bank maintains a first intermediate account but the receiving bank does not maintain a second intermediate account:

transmit to the transferring bank system, an intra-bank transfer request to transfer the amount of funds from the transferring account to the first intermediate account; and

transmit to the transferring bank system, an inter-bank transfer request to transfer the amount of funds from the first intermediate account to the receiving account.

15. The system of claim 13, wherein the processor further executes application code instructions that are stored in the storage media to cause the system to, responsive to a determination that the receiving bank maintains a second intermediate account, that the transferring bank does not maintain a first intermediate account, and that a user that initiated the fund transfer request is trusted by the transfer management computer system:

transmit to the transferring bank system, an inter-bank transfer request to transfer the amount of funds from the transferring account to the second intermediate account; and

transmit to the receiving bank system, an intra-bank transfer request to transfer the amount of funds from the second intermediate account to the receiving account.