US 12,271,940 B2
Event-based automatic transaction system
Himanshu Baral, Fremont, CA (US); David J. Hiltgen, Fort Hill, SC (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 Dec. 1, 2023, as Appl. No. 18/527,188.
Application 18/527,188 is a continuation of application No. 17/577,673, filed on Jan. 18, 2022, granted, now 11,869,068.
Application 17/577,673 is a continuation of application No. 16/216,875, filed on Dec. 11, 2018, granted, now 11,227,325, issued on Jan. 18, 2022.
Claims priority of provisional application 62/599,979, filed on Dec. 18, 2017.
Prior Publication US 2024/0095811 A1, Mar. 21, 2024
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 30/00 (2023.01); G06Q 20/32 (2012.01); G06Q 20/40 (2012.01); G06Q 30/0601 (2023.01); H04W 4/021 (2018.01); H04W 4/90 (2018.01)
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:
determining, by the financial institution computing system based on a plurality of information sources comprising a plurality of news information sources independent of a particular physical location, a probability of an 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; and
in response to determining that a location of a user is proximate to the location impacted by the event, initiating, 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.