Patent ID: 11972425
Assignee: WELLS FARGO BANK, N.A.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 6:
7. An apparatus for account verification, the apparatus comprising:
communications circuitry programmed to receive a request for payment transmission from a payment provider device, wherein the request for payment transmission includes account information of a recipient but does not identify a payment destination device associated with the recipient;
account identification circuitry programmed to:
query, using the account information of the recipient, an account information database and identify the payment destination device; and

contextual analysis circuitry programmed to:
receive location data of the payment provider device from the payment provider device;
receive location data of the payment destination device from the payment destination device; and
compare the location data of the payment provider device and the location data of the payment destination device,

wherein the account identification circuitry is further programmed to:
generate, based on the identification of the payment destination device and a comparison between the location data of the payment provider device and the location data of the payment destination device, a first verification element for the payment destination device associated with the request for payment transmission, wherein the first verification element comprises instructions for providing one or more user inputs via the payment destination device;

wherein the apparatus further comprises payment circuitry programmed to:
transmit the first verification element to the payment destination device via a first real-time payment message;

wherein the account identification circuitry is further programmed to:
verify, based on receipt of the one or more user inputs, the payment destination device in an instance in which the apparatus receives responsive authorization from the payment destination device; and
in response to receiving a request for mutual verification from the payment destination device, generate a second verification element for the payment provider device, wherein the second verification element comprises instructions for prompting one or more user input responses via the payment provider device;

wherein the payment circuitry is further programmed to:
transmit the second verification element to the payment provider device via a second real-time payment message;

wherein the account identification circuitry is further programmed to:
verify, based on receipt of the one or more user inputs from the payment provider device, the payment provider device in an instance in which the apparatus receives responsive authorization from the payment provider device;

wherein the payment circuitry is further programmed to:
transmit, in response to verifying the payment provider device, a notification to the payment destination device indicative of the verification of the payment provider device.