Invention Grant
- Patent Title: Closed loop resource distribution platform zone generation and deployment
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Application No.: US16154317Application Date: 2018-10-08
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Publication No.: US10805234B2Publication Date: 2020-10-13
- Inventor: Joseph Benjamin Castinado , Charles Russell Kendall , Andrew S. Heiman
- Applicant: BANK OF AMERICA CORPORATION
- Applicant Address: US NC Charlotte
- Assignee: BANK OF AMERICA CORPORATION
- Current Assignee: BANK OF AMERICA CORPORATION
- Current Assignee Address: US NC Charlotte
- Agency: Moore & Van Allen PLLC
- Agent Michael A. Springs; Jeffrey R. Gray
- Main IPC: G06F15/16
- IPC: G06F15/16 ; H04L12/911 ; G06F9/50 ; H04L29/08 ; G06Q30/02 ; G06Q30/06 ; H04W4/08

Abstract:
A closed loop processing interaction network in which the resource pool source of the user and the resource pool destination are both within the same organization or group of organizations. As such, resources associated with interactions may be distributed directly between the resource pools. The interactions may occur through communication between user computer systems (e.g., mobile devices, or the like) and/or interaction terminals of product providers (e.g., mobile devices, or the like). The interaction terminals of the product providers may create and allow for the use of interaction zones, which allows for the identification of users that are a part of the interaction network, allows users to receive specialized offers, allows for direct transfer of resources within an organization that by-pass traditional resource processing. The closed loop interaction network improves the processing speeds, memory requirements, security, and costs associated with processing resources related to interactions.
Public/Granted literature
- US20200112519A1 CLOSED LOOP RESOURCE DISTRIBUTION PLATFORM ZONE GENERATION AND DEPLOYMENT Public/Granted day:2020-04-09
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