US-20260127612-A1 - UNIFIED DIGITAL WALLET LINK ACCOUNT SYSTEMS AND METHODS

Abstract

Systems and methods for providing a unified wallet link account (UWLA) computer system for generating a UWLA that is linked to funding accounts and external payment services. A unique identifier is generated and assigned to the UWLA and is used to link the UWLA to the external services. Transaction data of an account holder of the UWLA is processed by the UWLA to determine spending patterns of the account holder, and input parameters that are determined based on the spending patterns are used to electronically fund the UWLA.

Inventors

• Jaipal Singh Kumawat
• Prasad Adam
• Ved Pratap Singh Chauhan

Assignees

• MASTERCARD INTERNATIONAL INCORPORATED

Dates

Publication Date

20260507

Application Date

20241107

Claims (20)

1. 1 . A unified wallet link account (UWLA) computer system for providing a secure and intelligent unified wallet link account, the computer system comprising: at least one memory device for storing data; and at least one processor in communication with the at least one memory device, the at least one processor programmed to: generate a unified wallet link account (UWLA) for a user based on user information, the user being an account holder of the UWLA; generate a unique identifier associated with the UWLA; electronically link the UWLA to (i) one or more funding accounts of the user, and (ii) one or more external payment services using the unique identifier; analyze, via one or more an artificial intelligence (AI) models associated with the UWLA, transaction data associated with the user and the one or more funding accounts; determine, based on an output of the one or more AI models, one or more spending patterns of the user from the analyzed transaction data; determine, based on the one or more spending patterns, input parameters for the UWLA; and electronically fund the UWLA based on the determined input parameters.
2. 2 . A UWLA computer system in accordance with claim 1 , wherein the at least one processor is further programmed to: determine, via the one or more AI models, and based at least on the determined spending parameters, fraud parameters for the UWLA; and analyze, via the one or more AI models and the determined fraud parameters, one or more transactions of the user for fraud.
3. 3 . A UWLA computer system in accordance with claim 2 , wherein the at least one processor is further programmed to: build, in association with the UWLA, (i) a spend profile for the user based on the determined spending parameters, and (ii) a fraud profile for the user based on the determined fraud parameters.
4. 4 . A UWLA computer system in accordance with claim 3 , wherein the at least one processor is further programmed to: refer to information contained in the output of the one or more AI models to build each of the spend profile and the fraud profile.
5. 5 . A UWLA computer system in accordance with claim 4 , wherein the at least one processor is further programmed to: refer to information contained within the spend profile to electronically fund the UWLA.
6. 6 . A UWLA computer system in accordance with claim 1 , wherein the one or more external services includes at least one of a real-time payment service and a digital wallet service.
7. 7 . A UWLA computer system in accordance with claim 6 , wherein the unique identifier is generated in conjunction with a provider of the real-time payment service.
8. 8 . A UWLA computer system in accordance with claim 1 , wherein the one or more funding accounts of the user includes one or more bank accounts of the user, and the at least one processor is further programmed to: initiate an electronic transfer of funds from the one or more bank accounts to electronically fund the UWLA based on the determined input parameters.
9. 9 . A UWLA computer system in accordance with claim 8 , wherein the at least one processor is further programmed to: refer to information contained within the output of the one or more AI models to determine the input parameters.
10. 10 . A UWLA computer system in accordance with claim 1 , wherein the UWLA is isolated from the one or more funding accounts at least by the unique identifier.
11. 11 . A UWLA computer system in accordance with claim 1 , wherein the input parameters include at least a timing parameter and a value parameter, and the electronic funding of the UWLA includes automatically electronically funding the UWLA with an amount based on at least one of the timing parameter and the value parameter.
12. 12 . A computer-implemented method for providing a unified wallet link account (UWLA) computer system for providing a secure and intelligent unified wallet link account using at least one processor in communication with at least one memory, the method comprising: generating a unified wallet link account (UWLA) for a user based on user information, the user being an account holder of the UWLA; generating a unique identifier associated with the UWLA; electronically linking the UWLA to (i) one or more funding accounts of the user, and (ii) one or more external payment services using the unique identifier; analyzing, via one or more an artificial intelligence (AI) models associated with the UWLA, transaction data associated with the user and the one or more funding accounts; determining, based on an output of the one or more AI models, one or more spending patterns of the user from the analyzed transaction data; determining, based on the one or more spending patterns, input parameters for the UWLA; and electronically funding the UWLA based on the determined input parameters.
13. 13 . A computer-implemented method in accordance with claim 12 , further comprising: determining, via the one or more AI models, and based at least on the determined spending parameters, fraud parameters for the UWLA; and analyzing, via the one or more AI models and the determined fraud parameters, one or more transactions of the user for fraud.
14. 14 . A computer-implemented method in accordance with claim 12 , wherein the one or more external services includes at least one of a real-time payment service and a digital wallet service.
15. 15 . A computer-implemented method in accordance with claim 12 , wherein the input parameters include at least a timing parameter and a value parameter, and the electronically funding the UWLA includes automatically electronically funding the UWLA with an amount based on at least one of the timing parameter and the value parameter.
16. 16 . One or more non-transitory computer-readable storage media with instructions stored thereon that, in response to being executed, cause a unified wallet link account (UWLA) computer system for providing a secure and intelligent unified wallet link account to: generate a unified wallet link account (UWLA) for a user based on user information, the user being an account holder of the UWLA; generate a unique identifier associated with the UWLA; electronically link the UWLA to (i) one or more funding accounts of the user, and (ii) one or more external payment services using the unique identifier; analyze, via one or more an artificial intelligence (AI) models associated with the UWLA, transaction data associated with the user and the one or more funding accounts; determine, based on an output of the one or more AI models, one or more spending patterns of the user from the analyzed transaction data; determine, based on the one or more spending patterns, input parameters for the UWLA; and electronically fund the UWLA based on the determined input parameters.
17. 17 . One or more non-transitory computer-readable storage media in accordance with claim 16 , wherein the instructions, in response to being executed, further cause the computer system to: determine, via the one or more AI models, and based at least on the determined spending parameters, fraud parameters for the UWLA; and analyze, via the one or more AI models and the determined fraud parameters, one or more transactions of the user for fraud.
18. 18 . One or more non-transitory computer-readable storage media in accordance with claim 16 , wherein the one or more external services includes at least one of a real-time payment service and a digital wallet service.
19. 19 . One or more non-transitory computer-readable storage media in accordance with claim 16 , wherein the UWLA is isolated from the one or more funding accounts at least by the unique identifier.
20. 20 . One or more non-transitory computer-readable storage media in accordance with claim 16 , wherein the input parameters include at least a timing parameter and a value parameter, and the electronic funding of the UWLA includes automatically electronically funding the UWLA with an amount based on at least one of the timing parameter and the value parameter.

Description

BACKGROUND OF THE DISCLOSURE The field of the disclosure relates generally to improvements in managing unified payment transactions and digital wallets, and more specifically, to providing a centralized platform for users to seamlessly link multiple digital wallet applications, track transactions, and enhance security measures without compromising on convenience and user experience. In today's digital banking landscape, users often face challenges in managing their financial transactions efficiently, especially when utilizing multiple digital wallet applications and other payment platforms and/or services including, but not limited to, payment services such as real-time payment (“RTP”) services. Such payment services including RTP services may be provided by third-party payment service platforms, services, and/or entities (referred to herein as an “RTP entity”), and may allow users to transfer money between bank accounts using their personal computing devices such as smartphones. For example, these payment services may enable transactions by linking multiple user financial accounts such as bank accounts to a single mobile application, and enabling peer-to-peer inter-bank transfers. However, the lack of centralized control and visibility into these transactions can lead to confusion, security concerns, and inconvenience for users. Additionally, traditional banking accounts may not always offer seamless integration with popular digital wallet applications, requiring users to navigate multiple platforms to execute transactions. Furthermore, the existing model of linking digital wallet applications directly to user's primary bank accounts poses security risks, as it exposes sensitive banking information to third-party applications. This lack of compartmentalization increases the vulnerability of user's financial assets to potential cyber threats and unauthorized access. What is needed is a system and a method that addresses the shortcomings of existing financial management systems by (i) providing users with a dedicated account separate from their primary bank accounts, (ii) streamlining transaction management, (iii) improving security including improved fraud detection between different accounts, (iv) providing users with greater control over their financial activities, and (v) improving management of payment transactions and linked digital wallets, via a platform such as a centralized platform that allows users to seamlessly link multiple digital wallet applications, track transactions, and that offers enhance security measures, without compromising on convenience and user experience. BRIEF DESCRIPTION OF THE DISCLOSURE In one embodiment, a computer system for a unified wallet link account (UWLA) computer system for providing a secure and intelligent unified wallet link account including at least one memory device for storing data and at least one processor in communication with the at least one memory device. The at least one processor programmed to: generate a unified wallet link account (UWLA) for a user based on user information, the user being an account holder of the UWLA; generate a unique identifier associated with the UWLA; electronically link the UWLA to (i) one or more funding accounts of the user, and (ii) one or more external payment services using the unique identifier; analyze, via one or more an artificial intelligence (AI) models associated with the UWLA, transaction data associated with the user and the one or more funding accounts; determine, based on an output of the one or more AI models, one or more spending patterns of the user from the analyzed transaction data; determine, based on the one or more spending patterns, input parameters for the UWLA; and electronically fund the UWLA based on the determined input parameters. In another embodiment, a computer-implemented method for providing a unified wallet link account (UWLA) computer system for providing a secure and intelligent unified wallet link account using at least one processor in communication with at least one memory, the method including: generating a unified wallet link account (UWLA) for a user based on user information, the user being an account holder of the UWLA; generating a unique identifier associated with the UWLA; electronically linking the UWLA to (i) one or more funding accounts of the user, and (ii) one or more external payment services using the unique identifier; analyzing, via one or more an artificial intelligence (AI) models associated with the UWLA, transaction data associated with the user and the one or more funding accounts; determining, based on an output of the one or more AI models, one or more spending patterns of the user from the analyzed transaction data; determining, based on the one or more spending patterns, input parameters for the UWLA; and electronically funding the UWLA based on the determined input parameters. In yet another embodiment, one or more non-transitory computer-readable storage med