Systems and methods for point of sale deposits
The disclosed embodiments include systems and methods for executing a point of sale deposit. In one embodiment, a system may include one or more memory devices storing software instructions, and one or more processors configured to execute the software instructions to receive transaction information related to a point of sale deposit from a client device, and generate a pending deposit transaction based on the transaction information. The one or more processors may be further configured to execute the software instructions to receive a first transaction token from the client device, receive a second transaction token from a third-party device, match the first transaction token to the second transaction token, and complete the pending deposit transaction based on the match.
1. A method for executing a point-of-sale deposit, the method comprising:
receiving transaction information related to a point-of-sale deposit;
transmitting the transaction information to a third-party device;
receiving a first transaction token generated by the third-party device, wherein the first transaction token is associated with the transaction information and is generated based on an indication that a customer has transferred funds to a merchant;
transmitting the first transaction token to a financial service provider device;
transmitting a second transaction token to a merchant device; and
completing the point-of-sale deposit based on a determination the first transaction token matches the second transaction token.
2. The method of claim 1 , wherein the transaction information is received via a transaction card action comprising at least one of a card swipe, a card insertion, or a near-field communication.
3. The method of claim 1 , wherein the transaction information is received via a mobile application.
4. The method of claim 1 , further comprising transmitting the transaction token to the financial service provider device wirelessly over a network.
5. The method of claim 1 , wherein the transaction information comprises an account identifier identifying a financial service account and an amount to be deposited into the financial service account, the amount to be deposited being based on an amount of funds that a merchant receives for the point-of-sale deposit.
6. The method of claim 1 , further comprising receiving a completion notification from the financial service provider device indicating that the point-of-sale deposit was completed.
7. The method of claim 1 , wherein the third-party device is associated with a gift card provider.
8. The method of claim 1 , wherein the first transaction token is identical to the second transaction token.
9. The method of claim 1 , wherein the first transaction token is different from the second transaction token.
10. The method of claim 1 , wherein the point-of-sale device comprises an ATM.
11. The method of claim 1 , wherein the first transaction token and second token each comprise encoded transaction information.
12. The method of claim 1 , wherein the first transaction token and the second transaction token each comprise alphanumeric characters.
13. The method of claim 1 , wherein receiving the first transaction token comprises receiving the first transaction token from the third-party device via an application programmable interface.
14. The method of claim 1 , wherein:
receiving the transaction information comprises receiving the transaction information from the merchant device while a purchase transaction comprising at least one of a good or service is taking place;
the merchant device is associated with a point-of-sale device; and
the point-of-sale device being used to initiate the point-of-sale deposit.
15. The method of claim 1 , wherein the second transaction token is an optical representation of the first transaction token.
16. The method of claim 15 , further comprising displaying the second transaction token.
17. The method of claim 15 , wherein the optical representation comprises at least one of a barcode readable by a merchant device or a Quick Response (QR) code readable by a merchant device.
18. The method of claim 1 , wherein the transaction information comprises at least one of an amount to be deposited, an account identifier, an amount to purchase one or more items, or a customer identifier.
19. The method of claim 18 , wherein the account identifier comprises an identifier of a financial service account to receive the amount to be deposited.
20. A non-transitory computer-readable medium storing instructions that, when executed by one or more hardware processors, configures the one or more hardware processors to perform operations for executing a point-of-sale deposit, the operations comprising:
receiving transaction information related to a point-of-sale deposit;
transmitting the transaction information to a third-party device;
receiving a first transaction token generated by the third-party device, wherein:
the first transaction token is associated with the transaction information and is generated based on an indication that a customer has transferred funds to a merchant;
transmitting the first transaction token to a financial service provider device;
transmitting a second transaction token to a merchant device; and
completing the point-of-sale deposit based on a determination the first transaction token matches the second transaction token.