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US Patent 11989589 Multi-dimensional modeling of resources for interaction systems

Patent 11989589 was granted and assigned to Bank of America on May, 2024 by the United States Patent and Trademark Office.

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Contents

Is a
Patent
Patent
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Patent attributes

Patent Applicant
Bank of America
Bank of America
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Current Assignee
Bank of America
Bank of America
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Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
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Patent Number
119895890
Patent Inventor Names
Elena Kvochko0
Date of Patent
May 21, 2024
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Patent Application Number
168761830
Date Filed
May 18, 2020
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Patent Citations
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US Patent 10002358 Automated merchant authority
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US Patent 10482437 Systems and methods for identifying suspect illicit merchants
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US Patent 10552895 Computer system and stored program for certifying contractors
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US Patent 11430070 Intelligent application of reserves to transactions
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US Patent 7620592 Tiered processing method and system for identifying and mitigating merchant risk
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US Patent 7930753 Methods and systems for performing security risk assessments of internet merchant entities
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US Patent 8175908 Systems and methods for constructing and utilizing a merchant database derived from customer purchase transactions data
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US Patent 8626663 Merchant fraud risk score
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Patent Primary Examiner
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Tae K Kim
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CPC Code
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G06Q 20/401
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G06Q 20/40
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G06Q 20/42
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G06Q 30/0185
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H04L 63/102
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H04L 63/105
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G06Q 30/018
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H04L 63/10
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Patent abstract

A system that provides an exchange platform for resource interaction processors that qualify under a modelling process. The platform is continuously updated with information regarding the resource interaction processors with both private and public information. The platform includes regulatory and other rules dictating interaction parameters associated with the resource interaction processors. The platform provides a viability metric of the resource interaction processors for providing resource interaction processor services to the resource interaction processors. Authorized entities may access and view the merchant exchange platform to gather information about the resource interaction processors for use in determining whether to provide services. Furthermore, the platform provides information regarding regulatory oversight for the specific resource interaction processors, allows for the establishment of a dialogue between resource interaction processors and service providers, provides ongoing review of resource interaction processors in real-time data upgrading in an encrypted environment.

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