System for authenticating a wearable device for transaction queuing

US10360560B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventor

• Matthew K. Bryant · Gastonia, US

Key dates

• Filing date: Sep 1, 2015
• Grant date: Jul 23, 2019
• Expiry date: Jul 11, 2036

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/3278
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Embodiments of the invention are directed to systems, methods, and computer program products for authenticating a wearable device for transaction queuing. The system enables a user to pre-authenticate the wearable device and utilize the pre-authenticated wearable device to execute one or more transactions, from a pending transaction queue, without requiring additional authentication credentials for each transaction. In this regard, the system is configured to receive limits associated with the use of the wearable device and enable the user to initiate a transaction associated with a transaction terminal. Furthermore the system may suggest one or more suitable locations of transaction terminals. The system may then place the transaction in a pending transaction queue and transmit a notification to the user indicating that the transaction has been processed. In response, the system may receive a token from the pre-authenticated wearable device at the transaction terminal and enable the user to complete transaction.