US 11,869,068 B1
Event-based automatic transaction system
Himanshu Baral, Fremont, CA (US); David J. Hiltgen, Fort Hill, CA (US); Christine Rein, San Francisco, CA (US); and Laura B. Smith, San Francisco, CA (US)
Assigned to Wells Fargo Bank, N.A., San Francisco, CA (US)
Filed by Wells Fargo Bank, N.A., San Francisco, CA (US)
Filed on Jan. 18, 2022, as Appl. No. 17/577,673.
Application 17/577,673 is a continuation of application No. 16/216,875, filed on Dec. 11, 2018, granted, now 11,227,325.
Claims priority of provisional application 62/599,979, filed on Dec. 18, 2017.
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 30/00 (2023.01); G06Q 30/0601 (2023.01); H04W 4/90 (2018.01); G06Q 20/40 (2012.01); H04W 4/021 (2018.01); G06Q 20/32 (2012.01)
CPC G06Q 30/0637 (2013.01) [G06Q 20/325 (2013.01); G06Q 20/405 (2013.01); G06Q 30/0641 (2013.01); H04W 4/021 (2013.01); H04W 4/90 (2018.02)] 20 Claims
OG exemplary drawing
 
1. A method of making an event-based automatic transaction on behalf of a user, the method comprising:
receiving, by a financial institution computing system, an event message comprising information about an event;
determining, by the financial institution computing system from the event message, and based on a plurality of information sources comprising a plurality of news information sources independent of a particular physical location, a probability of the event occurring, the probability being based on a predetermined percentage of news information sources indicating that the event is going to occur or is occurring;
in response to the probability of the event occurring satisfying a predetermined threshold corresponding to the predetermined percentage, determining, by the financial institution computing system from the event message, a location impacted by the event;
determining, by the financial institution computing system, a location of the user; and
in response to determining that the location of the user is proximate to the location impacted by the event, initiating, automatically by the financial institution computing system, a transaction with a mobile banking client application linked to an authorized financial account on behalf of the user, the authorized financial account being associated with the user and provided by the financial institution computing system.