23 results about "Electronic funds transfer" patented technology

A computer implemented method, system, and non-transitory computer-readable device that may be used in a remote deposit environment. Upon receiving a user request, based on interactions with the UI, the method implements an electronic deposit of a financial instrument by activating a camera on the client device to generate a live video stream of image data of a field of view of at least one camera, wherein the live video stream includes imagery of at least a portion of each side of the financial instrument. The method continues by extracting data fields based on the formation of image objects from one or both sides of the financial instrument from the live video stream of image data. The extracted data fields are converted, based on a payor agreement, into a recurring electronic funds transfer (EFT) schedule for future payments similar to the check.

A method for facilitating minimization of fees charged to customers with respect to electronic fund transfers associated with transactions may include receiving, by a facilitation agent, account transaction data associated with transactions initiated with respect to a plurality of customer accounts, employing a machine learning platform to identify fee charges in the account transaction data, employing the machine learning platform to determine a fee profile for the identified fee charges, the fee profile including a potential cause for each of the identified fee charges, employing the machine learning platform to define a settlement path to minimize a likelihood of triggering a fee for a given customer account associated with a transaction based on avoidance of the potential cause for each of the identified fee charges, and updating a settlement model based on the settlement path.

A method for automatically avoiding failed customer payments with respect to electronic fund transfers may include receiving, by a facilitation agent, account transaction data associated with payments attempted with respect to a plurality of payment instruments for a plurality of customers, employing a machine learning platform to determine a predicted suitability rating for each of the plurality of payment instruments for the plurality of customers, transmitting a message to a selected one of the customers to provide an interface console with payment instrument options displayed based on the predicted suitability rating, and in response to selection of a payment instrument option by the selected one of the customers, modifying a payment source associated with a future payment to be made to a selected payment instrument associated with the selected payment instrument option.

Systems and methods that enable reporting of and, if applicable, adjustments to an audit of a transfer of funds from an external account to a gaming establishment device which occurs independent of any gaming establishment accounts, independent of any wagering account transfers and independent of any cashless ticket vouchers.

Systems and methods for real-time account access, allowing access to accounts (such as deposit, credit, or debit accounts) through network processing infrastructures such as Electronic Funds Transfer (EFT). In some embodiments, consumers and / or merchants are able to effect transaction requests against accounts, using a pseudo-Identifier or other identifier, and without the need to provide an account number or card number. In other embodiments, payment networks are able to route and process transaction requests against accounts, without having a card number or account number. In other embodiments, account processing systems are able to determine an appropriate account based on transaction requests that do not contain card numbers or account numbers.

Systems and methods that enable an audit of a transfer of funds from an external account to a gaming establishment device that occurs independent of any gaming establishment accounts, independent of any wagering account transfers and independent of any cashless ticket vouchers.

Systems and apparatus for providing merchants with real-time funds availability for payment card account system transactions. In an embodiment, the system includes a bridging network computer having a processor operably coupled to a storage device and to a communication device, a payment network, a merchant acquirer bank computer, and a plurality of issuer bank computers. The storage device of the bridging network computer stores instructions which when executed cause the processor to receive a payment card account system transaction request, determine that the merchant selected electronic funds transfer (EFT) settlement for the accepted payment card account transaction, determine that the payment card account transaction is eligible for real-time EFT settlement, determine that both the merchant acquirer bank and an issuer are participants in a real-time EFT settlement arrangement, and then transmit instructions to an issuer bank computer to credit a holding account and to execute via an EFT transaction request a transfer of funds in real-time for the transaction amount to the merchant acquirer bank.

Disclosed embodiments may include a method for validating intended recipients for electronic funds transfer by receiving recipient identification information from a user device, identifying a list of one or more candidate recipients based on the recipient identification information, and outputting the list of the one or more candidate recipients for display via a graphical user interface (GUI) of the user device. Next, for each candidate recipient of the one or more candidate recipients, the method can identify one or more themes associated with past transactions associated with the candidate recipient, and, responsive to dynamically receiving transfer memo information from the user device, dynamically adjust an order of the list of the one or more candidate recipients for display via the GUI of the user device based on comparing the one or more themes and the transfer memo information.

The present invention concerns a cryptocurrency-cash gateway, comprising a wallet interface for communicating over a network with at least one crypto wallet and an EFT gateway interface (404) for communicating over a network with at least one electronic funds transfer (EFT) gateway or financial institution, wherein the cryptocurrency-cash gateway is operable to perform a cryptocurrency-to-cash transaction for allowing a user to withdraw cash at an automated transaction machine (ATM) or a point-of-sale (POS) system by exchanging a corresponding amount of a cryptocurrency from the crypto wallet(s); or conversely allowing the user to deposit cash at an ATM or POS system and exchanging it for a corresponding amount of a cryptocurrency to be deposited in at least one crypto wallet of the user.

A method for automated franchise financial management may establish secure network connections with point-of-sale systems associated with a plurality of franchisees. The method may perform automated data retrieval from the point-of-sale systems at predetermined intervals. Real-time validation algorithms may be executed on retrieved sales transaction data. Franchise royalty obligations may be calculated based on validated transaction data and predefined rate structures. Automated electronic fund transfers may be initiated from franchisee financial accounts to franchisor accounts. Encrypted transaction records may be generated for each processed royalty payment. The method may establish connections with franchisee expense tracking systems. Operational expense data may be retrieved from connected financial accounts. Financial performance ratios may be generated based on sales and expense data. Real-time financial analytics may be provided to franchisors and franchisees through secure dashboards. The system may maintain persistent encrypted communication channels and apply artificial intelligence-driven anomaly detection to identify irregular transaction patterns.

A method comprises predicting a preferred funds transfer method of a payee based on payee data, generating a token based on the predicted preferred funds transfer method where the token is decodable to identify the predicted preferred funds transfer method and the payee, and initiating, in response to an input from the payee, an electronic funds transfer from a payer to the payee.

A gaming system and method for enabling financial transactions in a gaming environment are described. The gaming system includes an electronic funds transfer (EFT) terminal, a gateway and a financial network. The gateway retrieves transaction information related to a fund transfer request. The gateway can then independently determine that the fund transfer request complies with the applicable gaming limits and gaming rules. An approval message is transmitted from the gateway to the EFT terminal for compliant transactions that are approved by the financial network(s) and comply with a configurable gaming limit.

Systems and methods for real-time account access, allowing access to accounts (such as deposit, credit, or debit accounts) through network processing infrastructures such as Electronic Funds Transfer (EFT). In some embodiments, consumers and / or merchants are able to effect transaction requests against accounts, using a pseudo-identifier or other identifier, and without the need to provide an account number or card number. In other embodiments, payment networks are able to route and process transaction requests against accounts, without having a card number or account number. In other embodiments, account processing systems are able to determine an appropriate account based on transaction requests that do not contain card numbers or account numbers.

A system and related methods for a digital wallet are disclosed. The method includes: establishing a connection between external fund sources and a digital wallet account to facilitate electronic fund transfers, the external funding sources including an external fund source that is directly associated with a primary owner of the digital wallet account and an external fund source that is associated with an entity other than the primary owner; obtaining a set of rules that dictate how funds are disbursed from the external fund sources funds, including a rule defined by the primary owner of the digital wallet system and a rule defined by each of the plurality of external fund sources; receiving a first electronic payment request; identifying an external fund source or sources by evaluating the first electronic payment request with respect to the first set of rules; and disbursing funds to satisfy the first electronic payment request.

The invention discloses a security arrangement for a financial transactional platform including a 3rd step in authentication for an online electronic fund transferring platform or in app authentication for transactions on mobile devices or web-based platforms, and adapted to be utilised by a client and / or user, which includes at least one of the following means to activate and / or trigger duress mode during the login process; while logged in to the FTP under normal conditions; on a third-party mobile phone / device; and / or duress mode can be triggered on the client's / user's device while transacting at an ATM, POS or payment gateway.

A gaming system and method for enabling financial transactions in a gaming environment are described. The gaming system includes an electronic funds transfer (EFT) terminal, a gateway and a financial network. The gateway retrieves transaction information related to a fund transfer request. The gateway can then independently determine that the fund transfer request complies with the applicable gaming limits and gaming rules. An approval message is transmitted from the gateway to the EFT terminal for compliant transactions that are approved by the financial network(s) and comply with a configurable gaming limit.

A system and method(s) for tracking gaming open banking transactions using anonymous token data. The system and / or method involves operations that launch a microsite (via QR code capture by mobile device) and detect a debit request via the microsite. The microsite is accessible to a casino merchant system and a payment service provider (PSP) system. Operations further obtain, from the PSP system, an anonymous token associated with access to a personal bank account. The anonymous token attributes a certain debit request to the user within the casino system. The method further funds the transaction to a gaming device (e.g., via ACH transaction, FedNow transaction, or other similar funds transfer from the PSP system and via electronic funds transfer within the casino system) using the anonymous token as a reference. In one example, the method includes prohibiting the transaction if a debit limit is exceeded.

A computer implemented method, system, and non-transitory computer-readable device that may be used in a remote deposit environment. Upon receiving a user request, based on interactions with the UI, the method implements an electronic deposit of a financial instrument by activating a camera on the client device to generate a live video stream of image data of a field of view of at least one camera, wherein the live video stream includes imagery of at least a portion of each side of the financial instrument. The method continues by extracting data fields based on the formation of image objects from one or both sides of the financial instrument from the live video stream of image data. The extracted data fields are converted, based on a payor agreement, into a recurring electronic funds transfer (EFT) schedule for future payments similar to the check.

A device may obtain digital signature information relating to a quantity of a type of cryptocurrency, and receive transaction data relating to a credit account, associated with a user, after obtaining the digital signature information. The transaction data may include information identifying a transaction amount. The device may determine, after receiving the transaction data, an amount, of the type of cryptocurrency, that satisfies the transaction amount, perform, using the digital signature information, an action to conduct a sale of a portion of the quantity of the type of cryptocurrency based on determining the amount, and cause proceeds from the sale to be transferred to the credit account as payment for the transaction amount.

A system and method for processing casino transactions are described. The transactional system includes an electronic funds transfer (EFT) terminal, a gaming device, and a gaming gateway. The EFT includes a processor and memory and is located in a casino. The gaming device includes a controller and processor and is also located in the casino. The controller receives requests for funds. The gaming gateway includes a processor, memory, and a database having previous transaction data. The gaming gateway receives requests for funds, determines a transaction type for the funds, aggregates previous transaction data and transaction requirements including at least one rule. The gaming gateway analyzes transaction details associated with a funds request and compares these details to previous transaction data to determine that a transaction request satisfies requirements.

A system and method for pausing electronic fund transfers using machine-readable code authentication are disclosed. The system receives a request from a sender to initiate a fund transfer to a receiver, including transfer details and an indication to pause the transfer. A machine-readable code associated with the transfer is generated and transmitted to the receiver. The transfer is paused for a predetermined time period or until the code is scanned. Upon scanning or time period elapsing, the transfer is completed by transferring funds from the sender's account to the receiver's account based on the transfer details. The invention provides enhanced security and flexibility for controlling electronic fund transfers.

A method comprises predicting a preferred funds transfer method of a payee based on payee data, generating a token based on the predicted preferred funds transfer method where the token is decodable to identify the predicted preferred funds transfer method and the payee, and initiating, in response to an input from the payee, an electronic funds transfer from a payer to the payee.

A contactless card reader comprises a contactless card reader front-end coupled to a processor. A communications module is coupled to the processor and a set of sensors is coupled to the processor. The set of sensors determines parameters related to the location, orientation and motion of the card reader. The processor receives the parameters from the set of sensors and utilizes the parameters and scenario configuration data to evaluate a rule. The result of the evaluation of the rule results in a limitation on the operation of the card reader. The communications module is configured to intermittently receive the scenario configuration data from external sources.