US Patent Application: Proximity Override for Transfer Limits
Summary
USPTO published patent application US20260111862A1, titled 'SYSTEMS AND METHODS FOR PROXIMITY-BASED TRANSACTION LIMIT THRESHOLD OVERRIDE,' filed December 18, 2025 under Application No. 19425866. The invention describes a method for temporarily overriding transfer limits on financial accounts when a geographic location override action is completed between two paired computing devices. Inventors include William Blakely Belchee, Matthew S. Brookshire, John Andrew Chuprevich, Daniel Sanford, Christopher Gaston Seagram, and Matthew N. Wheeler. CPC classifications include G06Q 20/10, G06Q 20/4014, and G06Q 20/4015. This is a published patent application; it has not yet matured into an issued patent.
“A method may include receiving, using a processing unit at a service endpoint, from a first computing device a request to initiate a transfer from a first account to a second account, the request identifying a transfer amount; determining, using the processing unit, that the transfer amount exceeds a stored threshold transfer limit;”
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GovPing monitors USPTO Patent Applications - Business Methods (G06Q) for new banking & finance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 40 changes logged to date.
What changed
USPTO published patent application US20260111862A1 on April 23, 2026, disclosing a system and method for overriding transaction transfer limits based on proximity verification between two computing devices. The method receives a transfer request, determines that the transfer amount exceeds a stored threshold, receives the second account's identifier, then — upon receiving an indication that a geographic location override action has been completed between the two paired devices — temporarily increases the threshold transfer limit and authorizes the transfer.
This patent application is relevant to financial technology firms, digital payment platforms, and banking application developers working on security features for high-value or cross-account transfers. Entities developing mobile banking apps, peer-to-peer payment services, or account-to-account transfer systems should monitor this application's prosecution for potential prior art or licensing considerations, particularly if their products involve dynamic transaction limits or proximity-based authentication mechanisms.
Archived snapshot
Apr 24, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
SYSTEMS AND METHODS FOR PROXIMITY-BASED TRANSACTION LIMIT THRESHOLD OVERRIDE
Application US20260111862A1 Kind: A1 Apr 23, 2026
Inventors
William Blakely Belchee, Matthew S. Brookshire, John Andrew Chuprevich, Daniel Sanford, Christopher Gaston Seagram, Matthew N. Wheeler
Abstract
A method may include receiving, using a processing unit at a service endpoint, from a first computing device a request to initiate a transfer from a first account to a second account, the request identifying a transfer amount; determining, using the processing unit, that the transfer amount exceeds a stored threshold transfer limit; receiving an identifier associated with the second account; subsequent to the determining, receiving, using the processing unit, an indication that a geographic location override action has been completed between the first computing device and a second computing device, the second computing device stored as associated with the second account; and in response to receiving the indication, increasing the threshold transfer limit between the first computing device and second computing device for a period of time and authorizing the transfer.
CPC Classifications
G06Q 20/10 G06Q 20/4014 G06Q 20/4015
Filing Date
2025-12-18
Application No.
19425866
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