Patent ID: 11972402
Assignee: WELLS FARGO BANK, N.A.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 0:
1. A method of performing a peer-to-peer (P2P) transfer by a third-party, the method comprising:
receiving, by a real-time payment system from a third-party device associated with the third-party over a real-time data channel, transfer information and a first token comprising sender information of a sender and a second token comprising receiver information of a receiver, wherein each of the first token and the second token comprises routing information comprising content associated with the transfer information and at least one of a unique payment identifier, a business transaction date, and a third-party profile identifier;
validating, by the real-time payment system, the first token and the second token based on verifying both the sender and the receiver are registered with the real-time payment system;
in response to the sender and the receiver being registered with the real-time payment system, processing, by the real-time payment system, the first token and the second token based on determining a sender endpoint, a receiver endpoint, and a demand deposit account of the sender using the content and the at least one of the unique payment identifier, the business transaction date, and the third-party profile identifier of each of the first token and the second token;
transmitting, by the real-time payment system to a first financial institution computing system over the real-time data channel, a request for a guarantee, the request for the guarantee comprising the sender endpoint and the demand deposit account of the sender;
receiving, by the real-time payment system from the first financial institution computing system over the real-time data channel, an issued guarantee in exchange for a fee, wherein the issued guarantee comprises a guarantee of an availability of funds and a reference number associated with a specific fund transfer;
forwarding, by the real-time payment system to a second financial institution computing system over the real-time data channel, the issued guarantee in exchange for the fee comprising the reference number;
receiving, by the real-time payment system from the second financial institution computing system over the real-time data channel, an acceptance comprising the reference number of the issued guarantee in exchange for the fee;
in response to receiving the acceptance of the issued guarantee, transferring, by the real-time payment system, funds based on the transfer information, the first token, and the second token; and
transmitting, by the real-time payment system to the third-party device, a transfer confirmation.