Systems and methods for peer-to-peer funds requests

Abstract

A method of facilitating a payment to a merchant is described. The method includes receiving, by a computing system from a first user device, a request to fund a purchase of a first user from the merchant with funds from a second user; transmitting, by the computing system, a message including the request to fund the purchase of the first user to a second user device associated with the second user; transmitting, by the computing system, updated payment information to the first user device, the updated payment information including a payment code; receiving, by the computing system, a transaction request from the merchant, the transaction request including the payment code; and transmitting, by the computing system, an approval message to the merchant.

What is claimed is: 
     
         1 . A method of facilitating a payment to a merchant, the method comprising:
 receiving, by a computing system from a first user device, a request to fund a purchase of a first user from the merchant with funds from a second user;   transmitting, by the computing system, a message including the request to fund the purchase of the first user to a second user device associated with the second user;   transmitting, by the computing system, updated payment information to the first user device, the updated payment information including a payment code;   receiving, by the computing system, a transaction request from the merchant, the transaction request including the payment code; and   transmitting, by the computing system, an approval message to the merchant.   
     
     
         2 . The method of  claim 1 , further comprising transmitting, by the computing system, location information relating to a location of the first user device to the second user device. 
     
     
         3 . The method of  claim 2 , further comprising receiving, by the computing system, an indication from the second user device that the message was opened by the second user. 
     
     
         4 . The method of  claim 3 , further comprising transmitting, by the computing system, updated location information relating to the location of the first user device to the second user device. 
     
     
         5 . The method of  claim 1 , further comprising:
 receiving, by the computing system, a funding request denial from the second user device;   receiving, by the computing system, a second request to fund the purchase of the first user, wherein the second request identifies a third user as a source of funds to fund the purchase; and   transmitting, by the computing system, a second message including the second request to a third user device associated with the third user.   
     
     
         6 . The method of  claim 5 , wherein the second message indicates that the second user already denied the request. 
     
     
         7 . The method of  claim 1 , further comprising transferring funds from a first account associated with the second user into a second account associated with the merchant. 
     
     
         8 . The method of  claim 1 , further comprising scheduling, by the computing system, an automated transfer from a first account associated with the first user to a second account associated with the second user based on a repayment agreement between the first user and the second user. 
     
     
         9 . The method of  claim 1 , wherein the payment code is a barcode, a quick reference code, or a string of numbers. 
     
     
         10 . The method of  claim 1 , wherein the payment code is a digital token. 
     
     
         11 . The method of  claim 1 , wherein the request to fund the purchase is received after the first user attempted an initial transaction which was denied by a financial institution. 
     
     
         12 . The method of  claim 1 , wherein the request to fund the purchase is a funding request to at least partially fund the purchase. 
     
     
         13 . A financial institution computing system associated with a financial institution, the system comprising:
 a network interface configured to communicate with a plurality of user devices via a network;   at least one memory; and   at least one computing system coupled to the at least one memory that stores instructions that, when executed by the at least one computing system, cause the at least one computing system to:
 receive, from a first user device, a request to fund a purchase of a first user with funds from a second user; 
 transmit a message including the request to fund the purchase of the first user to a second user device associated with the second user, the request comprising location information; 
 receive, from the second user device, an indication that the message is being viewed by the second user; 
 in response to receiving the indication that the message is being viewed, (1) generate a location request for updated location information, (2) transmit the request for the updated location information to the first user device, (3) receive the updated location information from the first user device, and (4) transmit the updated location information of a current location of the first user device to the second user device; and 
 upon receiving an approval from the second user device, transmit updated payment information to the first user device. 
   
     
     
         14 . The system of  claim 13 , wherein the at least one computing system is further configured to transmit location information relating to a location of the first user device to the second user device. 
     
     
         15 . The system of  claim 14 , wherein the at least one computing system is further configured to receive a second indication from the second user device that the message was opened by the second user. 
     
     
         16 . The system of  claim 15 , wherein the at least one computing system is further configured to transmit the updated location information relating to the location of the first user device to the second user device. 
     
     
         17 . The system of  claim 13 , wherein the at least one computing system is further configured to:
 receive a funding request denial from the second user device; and   receive a second request to fund the purchase of the first user, wherein the second request identifies a third user as a source of funds to fund the purchase; and   transmit a second message including the second request to a third user device associated with the third user.   
     
     
         18 . The system of  claim 17 , wherein the second message indicates that the second user already denied the request. 
     
     
         19 . The system of  claim 13 , wherein the at least one computing system is further configured to transfer the funds from a first account associated with the second user into a second account associated with a merchant. 
     
     
         20 . The system of  claim 13 , wherein the at least one computing system is further configured to schedule an automated transfer from a first account associated with the first user to a second account associated with the second user based on a repayment agreement between the first user and the second user.