Abstract
The present disclosure provides a system for managing trusted contacts and financial actions. The system includes a server comprising one or more processors and a memory storing instructions. The instructions, when executed by the one or more processors, cause the server to receive a first contact request from a first issuer associated with a first user, the first contact request identifying a second user by at least one of a phone number or an email address. The server determines whether a second contact request from a second issuer associated with the second user identifying the first user exists in a database. In response to determining that the second contact request exists, the server establishes a mutual contact relationship between the first user and the second user in a trusted contact database. The server receives a financial action request from the first issuer directed to the second user, verifies that the mutual contact relationship exists, and in response to verifying the mutual contact relationship, transmits the financial action request to the second issuer for presentation to the second user.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Recommended Citation
Saprinskiy, Nikita, "TRUSTED FAMILY, FRIENDS AND COLLEAGUES CONTACT LIST SYSTEM AND METHOD FOR BANK-AGNOSTIC FINANCIAL ACTIONS", Technical Disclosure Commons, ()
https://www.tdcommons.org/dpubs_series/10395