Patent ID: 11948133
Assignee: MASTERCARD INTERNATIONAL INCORPORATED
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 0:
1. A computer-implemented method for facilitating identification of a destination account participating in a fund transfer from a source account associated with a user, the method comprising:
capturing, by a computing device, a computer-readable indicia representative of a destination account identifier specific to a destination account of a first party, a name of the first party associated with the destination account, and an amount to be paid to the destination account; the computer-readable indicia including a quick response (QR) code disposed on an invoice associated with the first party;
in response to the captured computer-readable indicia, displaying, by the computing device, the name of the first party and the amount to be paid to the destination account, from the captured computer-readable indicia, as a confirmation that the first party is associated with the destination account and the amount to be paid;
receiving, by the computing device, from a user, an input to initiate a fund transfer from a source account of the user to the destination account; and
in response to the input to initiate the fund transfer, compiling, by the computing device, and transmitting a transfer request for the fund transfer, the transfer request including the destination account identifier, a source account identifier associated with the source account, and the amount to be paid for the fund transfer, thereby initiating the fund transfer for the payment amount from the source account to the destination account based on the transfer request.