Card-less financial transaction
AssigneeWells Fargo Bank, N.A.
InventorGlyn Stanley
Life of this patent
Estimating the term…
Abstract
Systems (and corresponding methodologies) that facilitate card-less financial transactions are provided. The innovation enables card-less ATM (automated teller machine) transactions such as cash withdrawals, transfers, balance inquiries, etc. In aspects, customers can set up an ‘electronic wallet’ account based upon a pre-set range or otherwise. Accordingly, access to the ‘electronic wallet’ is granted or denied based upon responses to challenges presented.
Claims18
A system that facilitates card-less financial transactions, comprising:
- a memory having computer executable instructions stored thereon;
- employing a processor that executes the computer executable instructions stored on the memory to implement the following components:
- a card-less interface component that enables card-less input of a plurality of account credentials, wherein the plurality of account credentials includes an account identifier and a security credential that is selected as a function of amount of each of the card-less financial transactions, wherein the financial transaction is a cash withdrawal from an ‘electronic wallet’ account that automatically replenishes a balance to a predetermined amount based upon a user-defined policy;
- and
- an analysis component that evaluates a subset of the account credentials to at least one of approve or deny each of the card-less financial transactions.
A computer-implemented method that facilitates a plurality of card-less financial transactions, comprising:
- employing a processor that executes computer executable instructions stored on a computer readable storage medium to implement the following acts:
- maintaining an account balance in a financial institution managed, non-virtual account accessible by the plurality of card-less financial transactions;
- receiving account credentials via a user interface, wherein the account credentials are card-less;
- evaluating a subset of the card-less account credentials based upon a type or amount of each of the card-less financial transactions;
- receiving information related to each of the card-less financial transactions, wherein the each of the plurality of card-less financial transactions is a cash withdrawal from the account balance;
- and
- at least one of permitting or denying each of the card-less transactions based upon the evaluation.
A computer-executable system, comprising:
- employing a processor that executes computer executable instructions stored on a computer readable storage medium to implement the following means:
- means for pre-designating an amount of funds to an ‘electronic wallet’ account, wherein the ‘electronic wallet’ account is a non-virtual account managed by a third-party;
- means for transferring funds into the ‘electronic wallet’ account that facilitates a plurality of transactions, wherein the plurality of financial transactions are a plurality of card-less cash withdrawals from the ‘electronic wallet’ account via an automated teller machine (ATM);
- means for receiving card-less credentials that are requested as a function of transaction type or transaction amount;
- means for evaluating each of the card-less credentials;
- and
- means for granting or denying access to the funds in the ‘electronic wallet’ account based at least in part upon the evaluation.
Dependencies are inferred from the claim text.