US 12,731,124 B2Granted

Systems and methods for dynamic and flexible beneficiary analysis

AssigneeWells Fargo Bank, N.A.

InventorsChristine L. Kelly, Kelly A. Homrighausen, Paula Reed, Peter Chou

Life of this patent

Estimating the term…

Loading patent…

Abstract

Systems, apparatuses, methods, and computer program products are disclosed for generating and providing a beneficiary feedback response. An example method includes receiving an inquiry request and identifying a beneficiary account for a beneficiary of interest. The example method further includes determining at least one process to be performed on the inquiry data and (i) generating a verification response, (ii) a scoring response, and/or (iii) an analytics response. The example method further includes generating a beneficiary feedback response which includes the verification response, the scoring response, and/or the analytics response and providing the beneficiary feedback response.

Claims20

Dependent claims

A method for providing beneficiary feedback response, the method comprising:

receiving, by communications hardware, an inquiry request, wherein the inquiry request comprises inquiry data and a requested transaction corresponding to a payment type;
identifying, by processing circuitry and based on the inquiry data, a beneficiary account for a beneficiary of interest;
determining, by the processing circuitry and based on the inquiry request, at least one process to be performed on the inquiry data from one or more candidate processes, wherein the one or more candidate processes comprise (i) a scoring process and (ii) an analytics process;
in response to determining to perform the scoring process, performing, by scoring circuitry, the scoring process by:
calculating, by the scoring circuitry and based on the beneficiary account, a return metric for the payment type, wherein the return metric is indicative of at least one of (a) a number or percentage of transactions of the payment type that resulted in a return, (b) a number or percentage of initiated transactions of the payment type that were canceled, and (c) a number or percentage of transactions of the payment type that were unsuccessful,
determining, by the scoring circuitry, whether the return metric satisfies a return metric threshold,
generating, by the scoring circuitry, a payment type scoring response for the payment type based on whether the return metric satisfies the return metric threshold, and
generating, by the scoring circuitry, a scoring response comprising the payment type scoring response;
in response to determining to perform the analytics process, performing, by analytics circuitry, the analytics process by:
determining, by the analytics circuitry, whether beneficiary account data from the beneficiary account is indicative of a successful historical transaction of the payment type that has occurred within a predefined time period, and
generating, by the analytics circuitry, an analytics response based on whether the beneficiary account data is indicative of a successful historical transaction of the payment type;
generating, by the processing circuitry, the beneficiary feedback response, wherein the beneficiary feedback response comprises at least one of (i) the scoring response and (ii) the analytics response;
providing, by the communications hardware, the beneficiary feedback response;
determining, by effectuation circuitry, whether (i) the scoring response satisfies a scoring response threshold or (ii) the analytics response satisfies an analytic response threshold;
and
in response to determining that (i) the scoring response satisfies the scoring response threshold or (ii) the analytics response satisfies the analytic response threshold, effectuating, by effectuation circuitry, the requested transaction.

13 more elements

An apparatus for providing beneficiary feedback response, the apparatus comprising:

communications hardware configured to:
receive an inquiry request, wherein the inquiry request comprises inquiry data and a requested transaction corresponding to a payment type;
processing circuitry configured to:
identify, based on the inquiry data, a beneficiary account for a beneficiary of interest, and
determine, based on the inquiry request, at least one process to be performed on the inquiry data from one or more candidate processes, wherein the one or more candidate processes comprises (i) a scoring process and (ii) an analytics process;
scoring circuitry configured to, in response to determining to perform the scoring process, perform the scoring process by:
calculating, based on the beneficiary account, a return metric for the payment type, wherein the return metric is indicative of at least one of (a) a number or percentage of transactions of the payment type that resulted in a return, (b) a number or percentage of initiated transactions of the payment type that were canceled, and (c) a number or percentage of transactions of the payment type that were unsuccessful,
determining whether the return metric satisfies a return metric threshold,
generating a payment type scoring response for the payment type based on whether the return metric satisfies the return metric threshold, and
generating, a scoring response comprising the payment type scoring response;
analytics circuitry configured to in response to determining to perform the analytics process, perform the analytics process by:
determining whether beneficiary account data from the beneficiary account is indicative of a successful historical transaction of the payment type that has occurred within a predefined time period, and
generating an analytics response based on whether the beneficiary account data is indicative of a successful historical transaction of the payment type;
wherein the processing circuitry is further configured to generate the beneficiary feedback response, wherein the beneficiary feedback response comprises at least one of (i) the scoring response and (ii) the analytics response,
wherein the communications hardware is further configured to provide the beneficiary feedback response;
and
effectuation circuitry configured to:
determining whether (i) the scoring response satisfies a scoring response threshold or (ii) the analytics response satisfies an analytic response threshold;
and
in response to determining that (i) the scoring response satisfies the scoring response threshold or (ii) the analytics response satisfies the analytic response threshold, effectuate the requested transaction.

17 more elements

A computer program product for providing a beneficiary feedback response, the computer program product comprising at least one non-transitory computer-readable storage medium storing software instructions that, when executed, cause an apparatus to:

receive an inquiry request, wherein the inquiry request comprises inquiry data and a requested transaction corresponding to a payment type;
identify, based on the inquiry data, a beneficiary account for a beneficiary of interest;
determine, based on the inquiry request, at least one process to be performed on the inquiry data from one or more candidate processes, wherein the one or more candidate processes comprises a scoring process and (ii) an analytics process;
in response to determining to perform the scoring process, perform the scoring process by:
calculating, based on the beneficiary account, a return metric for the payment type, wherein the return metric is indicative of at least one of (a) a number or percentage of transactions of the payment type that resulted in a return, (b) a number or percentage of initiated transactions of the payment type that were canceled, and (c) a number or percentage of transactions of the payment type that were unsuccessful,
determining, whether the return metric satisfies a return metric threshold,
generating a payment type scoring response for the payment type based on whether the return metric satisfies the return metric threshold, and
generating a scoring response comprising the payment type scoring response;
in response to determining to perform the analytics process, perform the analytics process by:
determining whether beneficiary account data from the beneficiary account is indicative of a successful historical transaction of the payment type that has occurred within a predefined time period, and
generating an analytics response based on whether the beneficiary account data is indicative of a successful historical transaction of the payment type;
generate the beneficiary feedback response, wherein the beneficiary feedback response comprises at least one of (i) the scoring response and (ii) the analytics response;
provide the beneficiary feedback response;
determine whether (i) the scoring response satisfies a scoring response threshold or (ii) the analytics response satisfies an analytic response threshold;
and
in response to determining that (i) the scoring response satisfies the scoring response threshold or (ii) the analytics response satisfies the analytic response threshold, effectuate the requested transaction.

13 more elements

Dependencies are inferred from the claim text.

Facts

Application: 18/470,874Filed 20 Sep 2023
Published: US 2025/0094957 A120 Mar 2025
Granted: 8 Sep 2026
Term ends: Not estimatedThe source records don’t support an estimate.

Classification10 codes

G06Q 20/227
Payment schemes or models: characterised in that multiple accounts are available, e.g. to the payer
G06Q 20/10
Payment architectures: specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
G06Q 20/108
Specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems: remote banking, e.g. home banking
G06Q 20/40
Payment protocols; Details thereof: authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and…