Abstract: A system includes one or more memory devices storing instructions, and one or more processors configured to provide low-latency access to cardholder location information by receiving periodically updated location information from a mobile device associated with the account holder and updated associated systems with the information prior to the user initiating a transaction. At the time of a transaction, necessary systems can quickly access the stored information and authenticate transactions appropriately.

Abstract: A method including receiving a merchant authorization message; extracting from the merchant authorization message, the merchant name and the merchant category code; retrieving location data from a first database; identifying and removing, from the merchant authorization message, a system identification and a payment terminal type; retrieve a plurality of entries; determine, for each of the plurality of entries, a relevance score; sort, based on the determined relevance scores, each of the plurality of retrieved entries; associate, with the updated merchant name, a particular entry of the plurality of entries having the highest relevance score; generate a dataset; comparing the merchant category data to a pre-defined list of merchant categories; updating the merchant category data; determining a merchant category similarity score; responsive to the merchant category data having a merchant category similarity score above a predetermined threshold, updating the merchant category field; and outputting, for transm

Abstract: A system includes one or more memory devices storing instructions, and one or more processors configured to provide low-latency access to cardholder location information by receiving periodically updated location information from a mobile device associated with the account holder and updated associated systems with the information prior to the user initiating a transaction. At the time of a transaction, necessary systems can quickly access the stored information and authenticate transactions appropriately.

Abstract: Disclosed is a system and method for transferring funds. The invention supports funds transfers from a source account to a cash access file which can be accessed virtually twenty-four hours a day by both customers and non-customers. Access is achieved by the recipient entering a codeword selected by the sender, along with a transaction code randomly generated by the system. Once the sender provides the codeword and the transaction code to the recipient, the recipient can receive transferred cash through an ATM, even without using a card to access the system. Cash may be transferred across international borders and dispensed in a currency different than that of the sender's source account. Although cash is made available to a recipient virtually as soon as the requested transfer is approved and confirmed by the sender, the sender's account is not debited until the cash is actually received by the recipient. Other features, including security, cancellation, and status inquiries are also described.