Electronic wallet device for business transactions

• US 10,185,955 B1
• Filed: 01/10/2018
• Issued: 01/22/2019
• Est. Priority Date: 01/10/2018
• Status: Active Grant

• Current Assignee: Capital One Services LLC (Capital One Financial Corporation)
• Original Assignee: Capital One Services LLC (Capital One Financial Corporation)
• Inventors: Koeppel, Adam, Zarakas, James
• Primary Examiner(s): Apple, Kirsten S
• Application Number:
  US15/866,850
• Time in Patent Office: 377 Days
• Field of Search: 705 36 R
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/3278 RFID or NFC payments by means of M-devices
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

An example device may include a plurality of card slots configured to hold at least two transaction cards, each card slot, of the plurality of card slots, including a card reader, one or more memories; and one or more processors, communicatively coupled to the one or more memories, to receive transaction information associated with a transaction at a transaction terminal; identify business information associated with the transaction; select a transaction card from the at least two transaction cards based on the transaction information and the business information; and provide a transaction token, associated with the selected transaction card, to be used in connection with the transaction terminal to process the transaction.

Claims

1. An electronic wallet device comprising:

a plurality of card slots configured to hold at least two transaction cards,

each card slot, of the plurality of card slots, including a card reader;

one or more memories; and

one or more processors, communicatively coupled to the one or more memories, to;

receive transaction information associated with a transaction at a transaction terminal;

identify business information associated with the transaction,

the business information relating to whether the transaction is determined to be associated with a business-related expense associated with a user,

the business information being obtained from a user device of the user,

the business information including at least one of;

calendar information associated with the transaction,

 

the calendar information being associated with a business calendar of the user device,

 

the business calendar indicating a business-related event,

 

the business-related event being within a threshold time period of the transaction,

message information associated with the transaction,

 

the message information being analyzed, using artificial intelligence or machine learning, to indicate whether the message information is associated with a business transaction,

authorization information associated with the transaction,

 

the authorization information being associated with an application indicating allowable business transactions, or

location information associated with the transaction,

 

the location information relating to a location associated with a business transaction,

 

the location being within a threshold distance of another location designated for business transactions;

automatically select a transaction card from the at least two transaction cards received in respective slots of the plurality of card slots based on the transaction information and the business information; and

provide a transaction token, associated with the selected transaction card, to be used in connection with the transaction terminal to process the transaction without removing the selected transaction card from a respective card slot.

2. The electronic wallet device of claim 1, where the calendar information comprises:

a calendar event indicating that the transaction is associated with a business transaction, and

where the one or more processors, when automatically selecting the transaction card, are to;

automatically select, based on the calendar event, a business transaction card, from the at least two transaction cards, that is designated for the business transaction.

3. The electronic wallet device of claim 1, where the message information comprises:

a message indicating that the transaction is associated with a business transaction, and

where the one or more processors, when automatically selecting the transaction card, are to;

automatically select, based on the message, a business transaction card, from the at least two transaction cards, that is designated for the business transaction.

4. The electronic wallet device of claim 1, where the authorization information comprises:

authorized business transaction information indicating that the transaction is associated with a business transaction, and

where the one or more processors, when automatically selecting the transaction card, are to;

automatically select, based on the authorized business transaction information, a business transaction card, from the at least two transaction cards, that is designated for the business transaction.

5. The electronic wallet device of claim 1, where the one or more processors are further to:

determine that the business information indicates that the transaction is not associated with a business transaction,

where the one or more processors, when automatically selecting the transaction card, are to;

automatically select the transaction card based on the business information indicating that the transaction is not associated with a business transaction.

6. The electronic wallet device of claim 1, where the transaction information comprises:

a merchant identifier indicating a type of merchant that is associated with the transaction terminal, and

where the one or more processors, when automatically selecting the transaction card, are to;

automatically select the transaction card based on the business information indicating that the merchant identifier indicates that the transaction is associated with a business transaction.

7. The electronic wallet device of claim 1, where

the user device is to obtain the business information via at least one of a calendar application, a messaging application, a location tracking system, or a business platform.

8. The electronic wallet device of claim 1, further comprising:

a user device interface, and

where the one or more processors, when receiving the business information, are to;

receive the business information from the user device via the user device interface of the electronic wallet device.

9. The electronic wallet device of claim 1, where the one or more processors are further to:

obtain business account information associated with the transaction card,

where, when automatically selecting the transaction card, the one or more processors are to;

automatically select the transaction card based on the business account information associated with the transaction card.

19. The electronic wallet device of claim 1, where the one or more processors, when automatically selecting the transaction card from the at least two transaction cards comprises:

calculating at least two scores for the at least two transaction cards, respectively; and

automatically selecting the transaction card based on a score, of the at least two scores calculated for the transaction card, satisfying a threshold value.

10. A non-transitory computer-readable medium storing instructions, the instructions comprising:

one or more instructions that, when executed by one or more processors of an electronic wallet device, cause the one or more processors to;

receive transaction information associated with a transaction at a transaction terminal;

identify business information associated with a time period of the transaction,

the business information relating to whether the transaction is determined to be associated with a business-related expense associated with a user,

the business information being obtained from a user device of the user,

the business information including at least one of;

calendar information associated with the transaction,

 

the calendar information being associated with a business calendar of the user device,

 

the business calendar indicating a business-related event,

 

the business-related event being within the time period of the transaction,

message information associated with the transaction,

 

the message information being analyzed, using artificial intelligence or machine learning, to indicate whether the message information is associated with a business transaction,

authorization information associated with the transaction,

 

the authorization information being associated with an application indicating allowable business transactions, or

location information associated with the transaction,

 

the location information relating to a location associated with a business transaction,

 

the location being within a threshold distance of another location designated for business transactions;

identify a set of candidate transaction cards to be used for the transaction,

the set of candidate transaction cards comprising respective integrated circuit (IC) chips that are communicatively coupled with a card reader of the electronic wallet device;

automatically select a transaction card from the set of candidate transaction cards that are communicatively coupled with the card reader of the electronic wallet device,

the transaction card being selected based on the business information; and

provide a transaction token, associated with the transaction card, to the transaction terminal without communicatively uncoupling the selected transaction card from the card reader of the electronic wallet device.

11. The non-transitory computer-readable medium of claim 10, where the one or more instructions, when executed by the one or more processors, further cause the one or more processors to:

identify a business transaction card in the set of candidate transaction cards,

the business transaction card for use in business transactions; and

determine, based on the business information and the transaction information, that the transaction is one of the business transactions,

where the one or more instructions, that cause the one or more processors to automatically select the transaction card, cause the one or more processors to;

automatically select the business transaction card based on determining that the transaction is the one of the business transactions.

12. The non-transitory computer-readable medium of claim 10, where the user device is in communication with the electronic wallet device.

13. The non-transitory computer-readable medium of claim 10, where the one or more instructions, that cause the one or more processors to identify the business information, cause the one or more processors to:

determine that the transaction is not associated with a business transaction,

where the one or more instructions, that cause the one or more processors to automatically select the transaction card, cause the one or more processors to;

automatically select the transaction card based on the transaction not being associated with the business transaction.

14. The non-transitory computer-readable medium of claim 10, where the transaction information comprises:

a merchant identifier indicating a type of merchant that is associated with the transaction terminal, and

where the one or more instructions, that cause the one or more processors to automatically select the transaction card, cause the one or more processors to;

automatically select the transaction card based on the transaction information indicating that the merchant identifier indicates that the transaction is associated with a business transaction.

20. The non-transitory computer-readable medium of claim 10, where the one or more instructions, that cause the one or more processors to automatically select a transaction card from the set of candidate transaction cards, cause the one or more processors to:

apply a set of weights for the transaction information and the business information, respectively; and

automatically select the transaction card based on a weight, of the set of weights applied for the transaction card.

15. A method, comprising:

detecting, by an electronic wallet device, a transaction pending at a transaction terminal,

the electronic wallet device holding at least two transaction cards,

the transaction being associated with transaction information;

obtaining, by the electronic wallet device, business information associated with a time period of the transaction,

the business information relating to whether the transaction is determined to be associated with a business-related expense associated with a user,

the business information being obtained from a user device of the user,

the business information including at least one of;

calendar information associated with the transaction,

the calendar information being associated with a business calendar of the user device,

 

the business calendar indicating a business-related event,

 

the business-related event being within the time period of the transaction,

message information associated with the transaction,

the message information being analyzed, using artificial intelligence or machine learning, to indicate whether the message information is associated with a business transaction,

authorization information associated with the transaction,

the authorization information being associated with an application indicating allowable business transactions, or

location information associated with the transaction,

the location information relating to a location associated with a business transaction,

 

the location being within a threshold distance of another location designated for business transactions;

automatically selecting, by the electronic wallet device, a transaction card from the at least two transaction cards received in respective card slots of a plurality of card slots of the electronic wallet device,

the transaction card being selected based on at least one of;

the business information, or

transaction information associated with the transaction;

obtaining, by the electronic wallet device, a transaction token associated with the transaction card; and

providing, by the electronic wallet device, the transaction token to the transaction terminal without removing the selected transaction card from a respective card slot of the plurality of card slots.

16. The method of claim 15, further comprising:

identifying the business information based on the time period, the business information being included within at least one of;

a calendar event, included in the calendar information, during the time period, or

a message, included in the message information, indicating a time within the time period.

17. The method of claim 15, further comprising:

sending a request for the business information, to the user device, based on detecting the transaction pending at the transaction terminal,

where the business information is to be received from the user device.

18. The method of claim 15, where obtaining the business information comprises:

obtaining the business information from at least one of;

the user device;

a user input of the electronic wallet device;

or

a cloud computing environment.