Bank of America Corporation
Identification sensor for communicable linkage with competitive proposal system

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Abstract:

Embodiments of the invention are directed to a system, method, or computer program product for an identification sensor system providing real-time item negotiation information and merchant inventory communication and management. A user selects items at a merchant location and positions them inside a communication enabled container communicably linked with a user device and a merchant inventory system. Information related to the items positioned within the container such as resource amount for the item, offers associated with the item, and manufacturer information associated with the item is extracted from the inventory system and relayed to the user. Upon the container passing through a communication enabled merchant gate device, the identification sensor system transmits collected information related to the items within the container, triggers a communicable linkage to determine a preferred resource to provide a total resource amount required by the merchant, and requires the transmission of the preferred resource to the merchant.

Status:
Grant
Type:

Utility

Filling date:

20 Apr 2016

Issue date:

24 Nov 2020