Granted Patent B2

US 10,083,433 · App. 14/294,438 · Granted Sep 25, 2018

Abstract

Claims (58)

1. A method comprising:

receiving location information associated with a consumer;

automatically opening a proxy application associated with a proxy on a mobile device when the consumer is located near or at a merchant at which the consumer has an account linked with the proxy;

receiving a merchant ID associated with a merchant from either a user interface or a point of sale device associated with the merchant;

receiving proxy information associated with the proxy from either the user interface or the point of sale device associated with the merchant;

determining a first payment account associated with both the merchant and the proxy, based at least in part on the merchant ID or the proxy information, the first payment account having a balance and selected from an account database;

determining that the balance is less than a transaction amount;

transferring an amount of funds from a second payment account associated with the proxy to the first payment account, wherein the second payment account is associated with a different merchant ID; and

transmitting payment information associated with the first payment account to either the user interface or the point of sale device, based at least in part on the merchant ID or the proxy information.

2. The method of claim 1 , further comprising associating the proxy with a funding account associated with at least one of a bank account, a credit card, or a prepaid account.

3. The method of claim 2 , further comprising transferring funds from the funding account to the first payment account based at least in part on the balance of the first payment account.

4. The method of claim 3 , wherein the funding account is associated with a merchant that is different than the merchant associated with the first payment account.

5. The method of claim 1 , wherein the user interface is associated with the mobile device.

6. The method of claim 1 , further comprising transmitting updated balance information associated with the first payment account to the user interface or to the point of sale device.

7. The method of claim 1 , further comprising:

determining a promotional offer based at least in part on the merchant ID or the proxy information; and

transmitting the promotional offer to either the user interface or the point of sale device.

8. The method of claim 1 , further comprising:

determining a promotional offer based at least in part on the location information; and

transmitting the promotional offer to either the user interface or the point of sale device.

9. The method of claim 1 , wherein the first payment account is at least one of a prepaid account, a credit card, or a bank account.

10. The method of claim 1 , wherein the proxy is at least one of a proxy card, a proxy printed barcode, or a virtual proxy.

11. A system comprising:

at least one processor; and

at least one memory comprising computer-executable instructions, that when executed by the at least one processor, causes the at least one processor to:

receive location information associated with a consumer;

automatically open a proxy application associated with a proxy on a mobile device when the consumer is located near or at a merchant at which the consumer has an account linked with the proxy;

receive a merchant ID associated with a merchant from either a user interface or a point of sale device associated with the merchant;

receive proxy information associated with the proxy from either the user interface or the point of sale device associated with the merchant;

determine a first payment account associated with both the merchant and the proxy, based at least in part on the merchant ID or the proxy information, the first payment account having a balance and selected from an account database;

determine that the balance is less than a transaction amount;

transfer an amount of funds from a second payment account associated with the proxy to the first payment account, wherein the second payment account is associated with a different merchant ID; and

transmit payment information associated with the first payment account to either the user interface or the point of sale device, based at least in part on the merchant ID or the proxy information.

12. The system of claim 11 , wherein the computer-executable instructions further causes the at least one processor to:

associate the proxy with a funding account associated with at least one of a bank account, a credit card, or a prepaid account.

13. The system of claim 12 , wherein the computer-executable instructions further causes the at least one processor to:

transfer funds from the funding account to the first payment account based at least in part on the balance of the first payment account.

14. The system of claim 13 , wherein the funding account is associated with a merchant that is different than the merchant associated with the first payment account.

15. The system of claim 11 , wherein the user interface is associated with the mobile device.

16. The system of claim 11 , wherein the computer-executable instructions further causes the at least one processor to:

transmit updated balance information associated with the first payment account to the user interface or to the point of sale device.

17. The system of claim 11 , wherein the computer-executable instructions further causes the at least one processor to:

determine a promotional offer based at least in part on the merchant ID or the proxy information; and

transmit the promotional offer to either the user interface or the point of sale device.

18. The system of claim 11 , wherein the computer-executable instructions further causes the at least one processor to:

determine a promotional offer based at least in part on the location information; and

transmit the promotional offer to either the user interface or the point of sale device.

19. The system of claim 11 , wherein the first payment account is at least one of a prepaid account, a credit card account, or a bank account; and

the proxy is at least one of a proxy card, a proxy printed barcode, or a virtual proxy.

20. A method comprising:

receiving location information associated with a consumer;

automatically opening a proxy application associate with a proxy on a mobile device when the consumer is located near or at a merchant at which the consumer has an account linked with the proxy;

transmitting a merchant ID associated with a merchant from either a user interface or a point of sale device associated with the merchant;

transmitting proxy information received from a user bearing a proxy, the proxy information received from either the user interface or the point of sale device associated with the merchant;

receiving payment information associated with a first payment account, based at least in part on the merchant ID or the proxy information, wherein the payment account comprises a balance and is selected from an account database;

determining that the balance is less than a transaction amount;

transferring an amount of funds from a second payment account associated with the proxy to the first payment account, wherein the second payment account is associated with a different merchant ID; and

based at least in part on the payment information, facilitating a sales transaction with the user.

Assignments (11)