Invention Grant
- Patent Title: Dynamic contactless payment processing based on real-time contextual information
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Application No.: US17567232Application Date: 2022-01-03
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Publication No.: US11704669B1Publication Date: 2023-07-18
- Inventor: Udaya Kumar Raju Ratnakaram , Puneetha Polasa
- Applicant: Bank of America Corporation
- Applicant Address: US NC Charlotte
- Assignee: Bank of America Corporation
- Current Assignee: Bank of America Corporation
- Current Assignee Address: US NC Charlotte
- Agency: Banner & Witcoff, Ltd.
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q20/40

Abstract:
Arrangements for payment and recommendation control are provided. In some aspects, contextual data may be received from a user. For instance, data such as calendar data may be received and an event may be identified. Based on the event, a pre-authorized amount may be identified for payment associated with the event. The system may receive a request for payment and event details. The amount may be compared to the pre-authorized amount and, if more than the pre-authorized amount, a request for payment authorization may be transmitted to a user device. If the amount is not more than the pre-authorized amount, expected location data of the user may be received and current location data of the user may be requested from a user device. The location data may be compared and, if the locations match, the payment may be authorized and automatically processed.
Public/Granted literature
- US20230214841A1 Dynamic Contactless Payment Processing Based on Real-Time Contextual Information Public/Granted day:2023-07-06
Information query