Invention Grant
- Patent Title: Systems and methods for managing transactions by consolidating associated transactions
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Application No.: US16840069Application Date: 2020-04-03
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Publication No.: US11216797B2Publication Date: 2022-01-04
- Inventor: Fardin Abdi Taghi Abad , Austin Walters , Jeremy Goodsitt , Anh Truong , Mark Watson , Reza Farivar , Vincent Pham
- Applicant: Capital One Services, LLC
- Applicant Address: US VA McLean
- Assignee: Capital One Services, LLC
- Current Assignee: Capital One Services, LLC
- Current Assignee Address: US VA McLean
- Agency: Bookoff McAndrews, PLLC
- Main IPC: G06Q20/00
- IPC: G06Q20/00 ; G06Q20/22 ; G06Q20/20

Abstract:
Disclosed are methods, systems, and non-transitory computer-readable medium for managing transactions by consolidating associated transactions. For instance, a method may include receiving transaction information for a transaction. The transaction information may include an identifier and a transaction amount associated with the transaction. The method may further include comparing the transaction amount to a threshold to determine whether the transaction amount is equal to or above the threshold, or whether the transaction amount is below the threshold. The method may include, in response to determining that the transaction amount is below the threshold, obtaining pending transaction information, analyzing the pending transaction information to determine whether there is at least one associated transaction associated with the transaction, and performing at least one processing action to resolve the transaction.
Public/Granted literature
- US20200286065A1 SYSTEMS AND METHODS FOR MANAGING TRANSACTIONS BY CONSOLIDATING ASSOCIATED TRANSACTIONS Public/Granted day:2020-09-10
Information query