US 12,307,426 B2
International remittances via intrabank transfers
Atiraj Kumar, Hyderabad (IN); and Gaurav Wadhwa, Maharashtra (IN)
Assigned to Wells Fargo Bank, N.A., San Francisco, CA (US)
Filed by Wells Fargo Bank, N.A., San Francisco, CA (US)
Filed on Aug. 14, 2023, as Appl. No. 18/233,436.
Application 18/233,436 is a continuation of application No. 17/565,378, filed on Dec. 29, 2021, granted, now 11,727,369.
Application 17/565,378 is a continuation of application No. 16/049,066, filed on Jul. 30, 2018, granted, now 11,257,052.
Prior Publication US 2023/0385789 A1, Nov. 30, 2023
Int. Cl. G06Q 20/10 (2012.01)
CPC G06Q 20/10 (2013.01) 18 Claims
OG exemplary drawing
 
1. A system for international remittances, the system comprising:
a processing circuit including one or more processors and memory, the memory being structured to store instructions that, when executed, cause the processing circuit to:
receive a request from a user device to remit funds from a first account to a second account, the first account being held with a first financial institution, and the second account being held with a second financial institution;
access, via a first API communicably coupled to the first financial institution, first data corresponding to a plurality of users having a respective account with the first financial institution;
access, via a second API communicably coupled to the second financial institution, second data corresponding to a plurality of users having a respective account with the second financial institution;
identify, using the first data and the second data, a plurality of third users, based at least in part on the request from the user device, each third user having respective accounts at the first financial institution and the second financial institution;
receive, from a plurality of respective user devices of the plurality of third users, a plurality of bids comprising portions of the request, wherein no bid satisfies an entirety of the request;
responsive to determining that no bid satisfies an entirety of the request, identify a lowest bid of the plurality of bids from the plurality of third users, and the respective user device of the third user corresponding to the lowest bid;
transmit a notification to the respective user device of the identified third user, the notification including a request to modify the lowest bid to satisfy the request;
receive, from the respective user device of the identified third user of the plurality of third users, a modification of the lowest bid of the plurality of bids to generate a modified bid based on the notification;
aggregate the modified bid with one or more of the plurality of bids to formulate a group bid from a subset of the plurality of third users, the group bid being sufficient to satisfy the entirety of the request;
initiate a first intrabank transfer to transfer funds from the first account to accounts of the subset of the plurality of third users at the first financial institution; and
initiate a second intrabank transfer to transfer funds from accounts of the subset of the plurality of third users at the second financial institution to the second account.