Systems and methods for point of sale deposits

A method of executing a point-of-sale deposit, the method comprising:

• receiving, from a client device at a server, an initiation request to initiate a point-of-sale deposit transaction, wherein the initiation request includes information identifying a customer account;
• generating, at the server, a transaction token associated with the initiation request, wherein the transaction token is encoded with deposit information;
• transmitting, from the server to the client device, the transaction token;
• receiving, from a merchant device at the server, an authorization request that includes information associated with the transaction token;
• authorizing, at the server, completion of the point-of-sale deposit based on an analysis of the authorization request, wherein the analysis includes determining that the information associated with the transaction token matches the encoded deposit information;
• and
• transmitting, from the server, an indication of deposit of funds associated with the point-of-sale deposit transaction to the customer account.

A non-transitory computer-readable medium storing instructions that, when executed by one or more hardware processors, configures the one or more hardware processors to perform operations for executing a point-of-sale deposit, the operations comprising:

• receiving, from a client device at a server, an initiation request to initiate a point-of-sale deposit transaction, wherein the initiation request includes information identifying a customer account;
• generating, at the server, a transaction token associated with the initiation request, wherein the transaction token is encoded with deposit information;
• transmitting, from the server to the client device, the transaction token;
• receiving, from a merchant device at the server, an authorization request that includes information associated with the transaction token;
• authorizing, at the server, completion of the point-of-sale deposit based on an analysis of the authorization request, wherein the analysis includes determining that the information associated with the transaction token matches the encoded deposit information;
• and
• transmitting, from the server, an indication of deposit of funds associated with the point-of-sale deposit transaction to the customer account.