Invention Grant
- Patent Title: Systems and methods for transferring balances
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Application No.: US14798540Application Date: 2015-07-14
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Publication No.: US10956897B2Publication Date: 2021-03-23
- Inventor: Aarti Sharma
- Applicant: MasterCard International Incorporated
- Applicant Address: US NY Purchase
- Assignee: MasterCard International Incorporated
- Current Assignee: MasterCard International Incorporated
- Current Assignee Address: US NY Purchase
- Main IPC: G06Q20/34
- IPC: G06Q20/34 ; G06Q20/28 ; G06Q20/40

Abstract:
A positive balance on a first financial account associated with a prepaid card are transferrable to a second financial account associated with a third party. In some embodiments, an instruction to transfer a portion of the first financial account to the second financial account is received. The instruction is associated with one or more triggering events. The one or more triggering events are associated with an inactive amount of time associated with the prepaid card, an expiration date associated with the prepaid card, and/or a balance of the first financial account associated with the prepaid card. A first triggering event of the one or more triggering events is detected. Upon detection of the first triggering event, the portion of the first financial account is transferred to the second financial account. Aspects of the disclosure enable a processing system to identify one or more opportunities to liquidate and/or fund financial accounts in an organized, resource-efficient, and timely manner.
Public/Granted literature
- US20170017953A1 SYSTEMS AND METHODS FOR TRANSFERRING BALANCES Public/Granted day:2017-01-19
Information query