Entity recognition system

US11348084B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Daniel James Doherty · Huntersville, US
• Riaz H. Bhamani · Waxhaw, US
• Matthew E. Carroll · Charlotte, US

Key dates

• Filing date: Nov 4, 2019
• Grant date: May 31, 2022
• Expiry date: Jan 20, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/40145
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A direct interaction network in which resources are more efficiently transferred between entities having resource pools with the same organization. The interaction network may be implemented by transforming a user computer system into the interaction terminal for the interaction such that the provider entity does not require interaction terminals to enter into interactions. Alternatively, the interaction network may be entered through interaction terminals of the provider entity without the user having a user computer system and without the user providing a physical instrument for the interaction. These implementations may be possible due at least in part to being able to determine that the entity resource pools are administered by the same organization. Furthermore, one or more sensors may be utilized with the user computer system and/or interaction terminals in order to determine the presence or identity of a user, and/or the subject of the interaction.