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:
May. 20, 2025
Filed:
Nov. 23, 2022
Jpmorgan Chase Bank, N.a., New York, NY (US);
Raghu Vudathu, Downingtown, PA (US);
Christy Lillie, Ann Arbor, MI (US);
Joe Martei, Brooklyn, NY (US);
Bodhi Hwang, Forest Hills, NY (US);
Justin Dupont, Huntersville, NC (US);
Mark Lanter, Woodside, NY (US);
JPMORGAN CHASE BANK, N.A., New York, NY (US);
Abstract
Systems and methods for dynamically switching payment mechanisms for outgoing payments are disclosed. A method may include: receiving, by a payment mechanism selection computer program, a payment request from an electronic device associated with a payor to pay a payee comprising payment parameters; presenting, by the payment mechanism selection computer program, a plurality of payment features to the payor electronic device; receiving, by the payment mechanism computer program and from the payor electronic device, a selection of a subset of the plurality of payment features; determining, by the payment mechanism selection computer program, a payor payment intent from the selection of the subset of payment features; selecting, by the payment mechanism selection computer program, a payment mechanism from a plurality of available payment mechanisms that is consistent with the payor payment intent; and executing, by the payment mechanism selection computer program, the payment using the payment mechanism.