Bank of America Corporation
Embedded tag for resource distribution
Last updated:
Abstract:
Embodiments of the invention are directed facilitating an electronic resource distribution by embedding a short-range wireless tag in a resource distribution request that stores instructions for processing the resource distribution in a fully electronic processing flow. As such, the resource distribution request holder is capable of processing the request without issuing a resource distribution document to the resource requester. In additional embodiments of the invention, the short-range wireless tag further stores instructions for arranging subsequent resource distributions to the resource requester to occur without the need for the resource requester to present a resource request document.
Status:
Grant
Type:
Utility
Filling date:
30 Apr 2019
Issue date:
4 May 2021