Invention Grant
- Patent Title: System and method for processing and for funding a transaction
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Application No.: US15891475Application Date: 2018-02-08
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Publication No.: US11244318B2Publication Date: 2022-02-08
- Inventor: Robert Minter Alexander, IV , Charles Aaron Rosenblatt , Daniel R. O'Malley , Scott David Grimes
- 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: Troutman Pepper Hamilton Sanders LLP
- Agent Christopher J. Forstner; John A. Morrissett
- Main IPC: G06Q10/00
- IPC: G06Q10/00 ; G06Q20/40 ; G06Q20/00 ; G06Q20/10 ; G06Q20/36 ; G06Q30/02 ; G06Q40/02

Abstract:
Method for processing a transaction, the method comprising automatically requesting a transfer from a source account to a destination account via a communication link, receiving the transfer, adjusting destination account data associated with the destination account by increasing a balance of the destination account by an amount of the transfer, receiving transaction data from a merchant indicating an attempted transaction, the transaction data including a transaction amount and data identifying the destination account, and processing the attempted transaction.
Public/Granted literature
- US20180300727A1 SYSTEM AND METHOD FOR PROCESSING AND FOR FUNDING A TRANSACTION Public/Granted day:2018-10-18
Information query