CPC G06Q 20/108 (2013.01) [G06Q 20/1085 (2013.01); G06Q 20/20 (2013.01); G06Q 20/36 (2013.01); G06Q 20/40 (2013.01); G06Q 40/02 (2013.01)] | 20 Claims |
1. A system for executing point of sale deposits at point of sale 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 point of sale 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 point of sale terminal, a point of sale deposit authorization notification indicating receipt by the point of sale terminal of the deposit token and a confirmation that the customer physically delivered funds to a merchant in an amount to be deposited; and
cause, at the server, transmission of a transfer notification to electronically transfer the funds to the financial service account held by the customer based on the deposit information and the point of sale deposit authorization notification.
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