Patent ID: 11887097
Assignee: CAPITAL ONE SERVICES, LLC
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 0:
1. A system comprising:
one or more processors; and
a memory in communication with the one or more processors and storing instructions, that when executed by the one or more processors are configured to cause the system to:
receive account data associated with a primary account from a first device operating a first mobile application that is configured to enable creation of a group fund account having one or more limits associated with the group fund account;
transmit an electronic invitation indicative of a first amount request to a second device;
receive a response from the second device comprising account data associated with a group member account associated with the second device;
link the group fund account to the primary account so that the group fund account funds the primary account;
link the group member account associated with the second device to the group fund account; and
transfer a first amount from the group member account of the second device to the group fund account.