Invention Grant
- Patent Title: Closed loop platform for dynamic currency conversion
-
Application No.: US16154114Application Date: 2018-10-08
-
Publication No.: US11257071B2Publication Date: 2022-02-22
- 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 Nicholas C. Russell
- Main IPC: G06Q20/38
- IPC: G06Q20/38 ; G06Q20/12 ; G06Q20/10

Abstract:
Embodiments of the invention are directed to a system, method, or computer program product for a closed loop platform for dynamic currency conversion. In this way, the invention eliminates currency discrepancy during resource exchange and provides a dynamic currency conversion in real-time for interactions, via a closed loop platform. Using closed loop processing, the invention verifies and authorizes resource transfers, bypassing current currency conversion processing.
Information query