Systems and methods for facilitating account verification over a network

• US 10,552,833 B2
• Filed: 12/29/2017
• Issued: 02/04/2020
• Est. Priority Date: 01/27/2010
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Inventors: Godard, Nolwenn, Zhang, Ji, Asher, Mehul, Goyal, Maulshree
• Primary Examiner(s): Hayles, Ashford S
• Application Number:
  US15/859,146
• Publication Number:
  US 20180260810A1
• Time in Patent Office: 767 Days
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

In accordance with embodiments of the present disclosure, systems and methods for facilitating electronic commerce over a network include generating a transfer code for a client, associating the transfer code to a client account related to the client, providing the transfer code to the client over the network, receiving a fund transfer request from a trusted entity on behalf of the client over the network, the fund transfer request including the transfer code, extracting information from the fund transfer request including the transfer code associated with the fund transfer request, accessing the client account related to the client, extracting information from the client account including the transfer code associated with the client account, and verifying the transfer code of the fund transfer request by determining whether the transfer code associated with the client account matches the transfer code extracted from the fund transfer request.

Claims

1. A method for facilitating account verification over a network, the method comprising:

receiving, by one or more processors associated with a service provider over a network, a transfer code request from a user device associated with a client account with the service provider;

in response to receiving the transfer code request, transmitting, by the one or more processors over the network to the user device, a transfer code associated with the client account;

receiving, by the one or more processors from a server associated with a financial institution over the network, a fund transfer request for transferring funds from an account with the financial institution to the client account with the service provider;

authenticating, by the one or more processors, the fund transfer request by verifying that the fund transfer request includes a client identifier associated with the client account and the transfer code submitted to the user device;

in response to the authenticating, automatically linking, by the one or more processors, the account with the financial institution to the client account with the service provider; and

posting, by the one or more processors, the funds received from the account with the financial institution to the client account with the service provider.

2. The method of claim 1, wherein the transmitting the transfer code causes the transfer code to be presented on a web interface displayed on the user device, and wherein the web interface is associated with the service provider.

3. The method of claim 1, wherein the client identifier includes a client name, and wherein the financial institution comprises a banking institution.

4. The method of claim 1, further comprising generating the transfer code for the client account, wherein the transfer code is unique to the client account with respect to other accounts with the service provider.

5. The method of claim 1, further comprising:

establishing, for a client, the client account with the service provider over the network; and

updating the client account with the service provider by listing the client as a verified client after authenticating the fund transfer request.

6. The method of claim 5, further comprising providing a client interface on the user device, wherein the client account is established via the client interface.

7. The method of claim 1, further comprising receiving monetary funds from the financial institution.

8. The method of claim 1, wherein the fund transfer request is initiated by a client via accessing the server of the financial institution over the network.

9. The method of claim 1, further comprising:

maintaining a plurality of accounts including the client account with the service provider; and

storing the client identifier and the transfer code as part of the client account with the service provider.

10. The method of claim 1, further comprising in response to authenticating the fund transfer request, transmitting to the user device a notification indicating that the fund transfer request is approved.

11. The method of claim 1, wherein the fund transfer request further comprises an amount, and wherein the method further comprises:

determining that the financial institution is located within a predetermined distance from the user device; and

in response to determining that the financial institution is located within the predetermined distance from the user device, determining that a minimum verification amount is met based on the amount of the fund transfer request.

12. A system, comprising:

a non-transitory memory; and

one or more hardware processors coupled to the non-transitory memory and configured to read instructions from the non-transitory memory to cause the system to perform operations comprising;

receiving, from a server associated with a financial institution over the network, a fund transfer request for transferring funds from an account with the financial institution to a client account with a service provider;

accessing the client account with the service provider, wherein the client account is associated with a client identifier and a transfer code;

authenticating the fund transfer request by verifying that the fund transfer request includes the client identifier and the transfer code;

in response to the authenticating, automatically linking the account with the financial institution to the client account with the service provider; and

posting the funds received from the account with the financial institution to the client account with the service provider.

13. The system of claim 12, wherein the operations further comprise causing the transfer code to be presented on a web interface displayed on a user device associated with the client account, wherein the web interface is associated with the service provider.

14. The system of claim 12, wherein the operations further comprise:

generating the transfer code for the client account, wherein the transfer code is unique to the client account with respect to other accounts with the service provider; and

transmitting, over the network, the transfer code to a user device associated with the client account.

15. The system of claim 14, wherein the transfer code is transmitted to the user device in response to receiving a transfer code request from the user device.

16. The system of claim 12, wherein the operations further comprise:

establishing, for a client, the client account with the service provider over the network; and

updating the client account with the service provider by listing the client as a verified client in response to authenticating the fund transfer request.

17. The system of claim 12, wherein the operations further comprise receiving monetary funds from the financial institution.

18. The system of claim 12, wherein the operations further comprise in response to authenticating the fund transfer request, transmitting to a user device associated with the client account a notification indicating that the fund transfer request is approved.

19. A non-transitory machine-readable medium having stored thereon machine-readable instructions executable to cause a machine associated with a service provider to perform operations comprising:

receiving, over a network, a transfer code request from a user device associated with a client account with the service provider;

in response to receiving the transfer code request, transmitting, over the network to the user device, a transfer code associated with the client account;

receiving, from a server associated with a financial institution over the network, a fund transfer request for transferring funds from an account with the financial institution to the client account with a service provider;

verifying that the fund transfer request includes a client identifier associated with the client account and the transfer code transmitted to the user device;

in response to the verifying, automatically adding the account with the financial institution to the client account with the service provider; and

transmitting, to the user device, a notification indicating that the fund transfer request is approved.

20. The non-transitory machine-readable medium of claim 19, wherein the fund transfer request further comprises an amount, and wherein the operations further comprise:

determining that the financial institution is located within a predetermined distance from the user device; and

in response to determining that the financial institution is located within the predetermined distance from the user device, determining that a minimum verification amount is met based on the amount of the fund transfer request.