Patent ID: 11972405
Assignee: CAPITAL ONE SERVICES, LLC
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 0:
1. A system for executing deposits at terminals of merchants, comprising:
one or more memory devices storing software instructions; and
one or more processors configured to execute the software instructions to:
receive, at a server from a mobile device associated with a customer, deposit information related to a customer deposit to a financial service account held by the customer;
generate, at the server, a deposit token based on specifications associated with the mobile device;
transmit the deposit token from the server to the mobile device;
receive, at the server from a terminal of a merchant, a deposit authorization notification indicating receipt by the terminal of the deposit token and a confirmation that the customer physically delivered funds to the merchant in an amount to be deposited; and
cause, at the server, to transmit a transfer notification to electronically transfer the funds to the financial service account held by the customer based on the deposit information and the deposit authorization notification.