Resource transfer monitoring and authorization

US12033102B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Jeetendra Hukmichand Jain · Charlotte, US
• Heather Dolan · Sarasota, US

Key dates

• Filing date: Nov 16, 2021
• Grant date: Jul 9, 2024
• Expiry date: Aug 2, 2042

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Embodiments of the invention are directed to a system, method, or computer program product for an approach for resource transfer monitoring and authorization. The system is configured to receive resource transfer stop criteria and store the resource transfer stop criteria. The system is configured to execute a query of a record keeping repository and identify one or more resource transfers in the record keeping repository which violate the resource transfer stop criteria. The system then flags the resource transfers which violate the resource transfer stop criteria. Thereafter, the system issues a resource credit and transmits a notification to the user.