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US 10,949,848 B2Granted
Access to ACH transaction functionality via digital wallets
AssigneeMastercard International Incorporated
InventorsFrank Charles Barbuto, Wei Xu
Life of this patent
Estimating the term…
Abstract
A message is generated to initiate an ACH (automated clearing house) transaction to benefit a recipient account associated with a recipient token. The message includes the recipient token. After the message is transmitted, an authentication message is received. The authentication message indicates authentication of the recipient token. The ACH transaction is implemented in response to receiving the authentication message.
Claims20
A method comprising:
- providing a digital wallet for a sender;
- receiving, at the sender, a recipient token;
- selecting a recipient account associated with the recipient token;
- generating, by the sender, a message to initiate an ACH (automated clearing house) transaction to benefit the recipient account associated with the recipient token, the message including the received recipient token;
- transmitting the message, wherein the recipient token includes routing information to route the message and wherein the association between the recipient account and the recipient token is stored in a token directory, and wherein the token directory is associated with a payment card network;
- receiving an authentication message indicative of authentication of the recipient token;
- and
- causing the performance of said ACH transaction in response to receiving the authentication message.
5 more elements
A method comprising:
- providing a digital wallet for a sender;
- transmitting a token request message from the sender to request a recipient token;
- receiving, at the sender, the recipient token in response to the token request message, wherein the recipient token is associated with a recipient account;
- selecting the recipient account associated with the recipient token;
- initiating an ACH (automated clearing house) transaction to transfer funds to a bank deposit account associated with the received recipient token, wherein selection of the recipient account automatically initiates the ACH transaction;
- and
- transmitting a transaction message to transfer the funds, the transaction message including the received recipient token, wherein the received recipient token includes routing information to route the transaction message and wherein the association between the recipient account and the recipient token is stored in a token directory, and wherein the token directory is associated with a payment card network.
4 more elements
An apparatus comprising:
- a processor;
- and
- a memory in communication with the processor, the memory storing program instructions, the processor operative with the program instructions to perform functions as follows:
- receiving, at a sender, a recipient token;
- selecting a recipient account associated with the recipient token;
- generating, by the sender, a message to initiate an ACH (automated clearing house) transaction to benefit the recipient account associated with the recipient token, the message including the received recipient token;
- transmitting the message, wherein the recipient token includes routing information to route the message and wherein the association between the recipient account and the recipient token is stored in a token directory, and wherein the token directory is associated with a payment card network;
- receiving an authentication message indicative of authentication of the recipient token;
- and
- causing the performance of said ACH transaction in response to receiving the authentication message.
7 more elements
Dependencies are inferred from the claim text.