Invention Grant
- Patent Title: Event-based automatic transaction system
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Application No.: US18527188Application Date: 2023-12-01
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Publication No.: US12271940B2Publication Date: 2025-04-08
- Inventor: Himanshu Baral , David J. Hiltgen , Christine Rein , Laura B. Smith
- Applicant: Wells Fargo Bank, N.A.
- Applicant Address: US CA San Francisco
- Assignee: Wells Fargo Bank, N.A.
- Current Assignee: Wells Fargo Bank, N.A.
- Current Assignee Address: US CA San Francisco
- Agency: Foley & Lardner LLP
- Main IPC: G06Q30/00
- IPC: G06Q30/00 ; G06Q20/32 ; G06Q20/40 ; G06Q30/0601 ; H04W4/021 ; H04W4/90

Abstract:
Systems, apparatuses, and methods of an event-based automatic transaction on behalf of a user include and not limited to, determining, based on a plurality of information sources including a plurality of news information sources independent of a particular physical location, a probability of an event occurring, the probability being based on a predetermined percentage of news information sources indicating that the event is going to occur or is occurring, in response to the probability of the event occurring satisfying a predetermined threshold corresponding to the predetermined percentage, determining a location impacted by the event, in response to determining that the location of the user is proximate to the location impacted by the event, initiating a transaction with a mobile banking client application linked to an authorized financial account on behalf of the user, the authorized financial account being associated with the user and provided by the financial institution computing system.
Public/Granted literature
- US20240095811A1 EVENT-BASED AUTOMATIC TRANSACTION SYSTEM Public/Granted day:2024-03-21
Information query