The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jun. 25, 2024
Filed:
Jun. 02, 2023
Wells Fargo Bank, N.a., San Francisco, CA (US);
Mohammed Arif, Raichur, IN;
Sajeev Philip, Bangalore, IN;
Shanmukeswara Rao Donkada, Hyderabad, IN;
Ramanathan Ramanathan, Bellevue, WA (US);
Jayasree Iyer, Bengaluru, IN;
Mathewbabu Edappilly Antony, Bangalore, IN;
Rameshchandra Bhaskar Ketharaju, Hyderabad, IN;
Amit Tripathi, Bangalore, IN;
Arun Raj, Bangalore, IN;
Poornima Mahabaleshwarappa, Bangalore, IN;
Wells Fargo Bank, N.A., San Francisco, CA (US);
Abstract
The innovation disclosed and claimed herein, in one aspect thereof, comprises systems and methods of funds transfer authentication. The authentication can include receiving a transfer request to transfer funds from a payer to a payee, the transfer request identifies the payer, the payee, and an amount to transfer. Customer information associated respectively with the payer and the payee is identified. The payer and the payee are authenticated. A communication session is opened between the payer and payee. A time-limited payee OTP is generated and sent to the payee. The payee OTP is received within a first time limit. The funds are transferred from the payer to the payee based on receiving a matching payee OTP.