Granted Patent B1

US 10,255,598 · App. 13/706,996 · Granted Apr 9, 2019

Inventors: Michael John Dean (Torrance, CA); Mark Joseph Kapczynski (Santa Monica, CA)

Assignee: ConsumerInfo.com, Inc.

G06Q20/363

Abstract

Claims (32)

1. A system comprising:

a digital wallet computing system comprising at least a wallet system processor and a wallet system memory storing information regarding a consumer, the wallet system memory comprising a wallet system software component;

a credit account extraction system communicatively coupled to the digital wallet computing system via a first network and comprising:

a credit bureau communication module configured for communication with a source of credit data via a second network;

at least an extraction system processor coupled to an extraction system memory, the extraction system memory comprising an extraction system software component;

a consumer computing device communicatively coupled to the digital wallet computing system via the first network, the consumer computing device comprising at least a consumer device processor and a consumer device memory, the consumer device memory comprising a consumer device software component;

a merchant computing system communicatively coupled to the consumer computing device and the digital wallet computing system via the first network, the merchant computing system comprising at least a merchant system processor and a merchant system memory, the merchant system memory comprising a merchant system software component;

the merchant system software component including instructions implementing the following sequence of operations carried out by the merchant computing system when the instructions are executed by the merchant system processor:

receive via the first network, a transaction request from the consumer computing device,

transmit via the first network, a consumer credit card information retrieval request to the digital wallet computing system in response to receiving the transaction request;

receive via the first network, the extracted consumer credit data transmitted by the digital wallet computing system;

generate a consumer interface for display on the consumer computing device based on the extracted consumer credit data;

the consumer device software component including instructions implementing the following operations carried out by the consumer computing device when the instructions are executed by the consumer device processor:

transmit via the first network a wallet account request to the digital wallet computing system, wherein a wallet account includes account data for a plurality of credit cards associated with an account holder;

receive one or more wallet account rules via an input of the consumer computing device;

provide via the first network, the received one or more wallet account rules to the digital wallet computing system;

transmit via the first network, a credit data access authorization message to the digital wallet computing system;

transmit via the first network, the transaction request to the merchant computing system;

the wallet system software component including instructions implementing the following operations carried out by the digital wallet computing system when the instructions are executed by the wallet system processor,

receive via the first network, the credit data access authorization message from the consumer computing device;

receive via the first network, the one or more wallet account rules provided by the consumer computing device;

receive via the first network, a consumer credit card information retrieval request from the merchant computing system;

transmit via the first network, in accordance with the received one or more wallet account rules and the received authorization, a credit data retrieval request to the credit account extraction system;

receive via the first network, the extracted consumer credit data transmitted by the credit account extraction system;

transmit via the first network, the extracted consumer credit data to the merchant computing system;

the extraction system software component including instructions implementing the following sequence of operations carried out by the credit account extraction system when the instructions are executed by the extraction system processor:

receive via the first network, the credit data retrieval request transmitted by the digital wallet computing system;

responsive to receiving the credit data retrieval request via the first network, the communication module communicating with the source of credit data via the second network to extract consumer credit data from the source of credit data;

transmit via the first network, the extracted consumer credit data to the digital wallet computing system;

whereby the consumer computing device communicates with the merchant computing system to execute transactions based on the consumer's wallet account data, the consumer's wallet account data having been updated by the consumer's digital wallet account based on consumer credit data, in accordance with the one or more consumer-provided rules governing digital wallet account system access to the consumer credit data.

2. The system of claim 1 , wherein the credit card account data is provided to the merchant computing system such that the merchant computing system can charge a selected credit card without the consumer separately providing any credit card account data.

3. The system of claim 1 wherein the digital wallet computing system executes software instructions to further determine a sorted order of the plurality of credit cards based on one or more of credit available associated with respective credit card accounts and credit utilization associated with respective credit card accounts.

Assignments (1)

Cited By (8)

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