US 12,147,965 B2
Automatic optimal payment type determination systems
Andrew Cohn, Bethesda, MD (US); Katelyn Schultz, New York, NY (US); Fouad Alkisswani, New York, NY (US); Richard Elliott, Glen Allen, VA (US); Kylen Dau, Maidens, VA (US); Rajsaday Dutt, Vienna, VA (US); and Marcelo Jabif Epsztejn, Reston, VA (US)
Assigned to CAPITAL ONE SERVICES, LLC, McLean, VA (US)
Filed by Capital One Services, LLC, McLean, VA (US)
Filed on Dec. 14, 2021, as Appl. No. 17/549,976.
Application 17/549,976 is a continuation of application No. 16/694,502, filed on Nov. 25, 2019, granted, now 11,238,429.
Prior Publication US 2022/0101297 A1, Mar. 31, 2022
Int. Cl. G06Q 20/24 (2012.01); G06Q 20/02 (2012.01); G06Q 20/22 (2012.01); G06Q 20/40 (2012.01)
CPC G06Q 20/227 (2013.01) [G06Q 20/023 (2013.01); G06Q 20/24 (2013.01); G06Q 20/40145 (2013.01); G06Q 20/403 (2013.01)] 18 Claims
OG exemplary drawing
 
1. An automatic payment method selection system, comprising:
one or more processors; and
a memory in communication with the one or more processors and storing instructions that, when executed by the one or more processors, are configured to cause the system to:
receive payor payment preferences associated with a payor from a payor device, the payor payment preferences comprising a predetermined preferred payment composition comprising a debit portion associated with at least one debit account of the payor and a credit portion associated with at least one credit account of the payor;
after receiving the payor payment preferences, receive a payment request, the payment request comprising data representative of a payment amount payable to a payee and the payment request made against one of the at least one credit account or the at least one debit account;
determine payor cash holdings and payor available credit by:
transmitting, via an API, to one or more service provider systems, a status request of the at least one debit account and the at least one credit account; and
receiving, via an API, from the one or more service provider systems, an indication of the at least one debit account and the at least one credit account;
execute a payment in accordance with the preferred payment composition comprising:
funding the payment amount, in accordance with the preferred payment composition, from the payor by:
debiting the at least one debit account an amount equal to the debit portion; and
crediting an amount equal to the credit portion against the at least one credit account.