Real-time account verification
AssigneeMoov Financial, Inc
InventorsWade Arnold, Joshua Sadler, Charles Sander
Life of this patent
Estimating the term…
Abstract
Systems and methods for verifying a bank account in near real-time are provided. In particular, a computing device may receive a request to initiate a verification of a bank account. The request includes a source account identifier and a destination account identifier of the bank account. The computing device may further determine if the bank account supports real-time payments (RTP) and verify the bank account in near real-time via a first verification process in response to determining that the bank account supports RTP.
Claims20
A system for an account verification in near real-time, the system comprising:
- at least one processor;
- and
- memory storing instructions that, when executed by the at least one processor, causes the system to perform a set of operations, the set of operations comprising:
- receiving a request to initiate a verification of a bank account, the request including a source account identifier, a destination account identifier of the bank account;
- determining if the bank account supports real-time payments (RTP);
- and
- in response to determining that the bank account supports RTP, verifying the bank account in near real-time via a first verification process.
A method of verifying a bank account in near real-time, comprising:
- receiving a request to initiate a verification of a bank account, the request including a source account identifier, a destination account identifier of the bank account;
- determining if the bank account supports real-time payments (RTP);
- and
- in response to determining that the bank account supports RTP, verifying the bank account in near real-time via a first verification process.
A non-transitory computer storage medium storing computer-executable instructions that when executed cause at least one processor to perform operations, comprising:
- receiving a request to initiate a verification of a bank account, the request including a source account identifier, a destination account identifier of the bank account;
- determining if the bank account supports real-time payments (RTP);
- and
- in response to determining that the bank account supports RTP, verifying the bank account in near real-time via a first verification process.
Dependencies are inferred from the claim text.