System for dynamic resource allocation based on real time geographic data

US11665163B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Joseph Benjamin Castinado · Northglenn, US
• Lee Barry Frantz · Souderton, US
• Lee Ann Proud · St. Augustine, US
• Ann Ta · Scottsdale, US

Key dates

• Filing date: Jun 18, 2020
• Grant date: May 30, 2023
• Expiry date: Jul 9, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0205
• 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 dynamic resource interaction allocation based on geographic positioning and usage category information associated with a resource interaction system. The invention receives a base positional location and category of usage for a resource interaction system. The invention determines a set of parameters to be used for interactions having characteristics meeting the determined base positional location and category of usage information. When it receives a proposed interaction from a requesting system containing geographic information and usage category information associated with the proposed interaction, it determines whether the geographic information and usage category information associated with the proposed interaction correspond to the base positional location and category of usage for the resource interaction system. If the information matches, the invention applies the set of parameters to the interaction to thereby process the interaction.