Bank of America Corporation
Entity validation for resource distribution location

Last updated:

Abstract:

Provide improved validation of a recipient entity when the recipient entity is involved in an interaction with a provider entity. One or more application programming interfaces (APIs) are provided that are utilized to validate the recipient entity. Recipient entity information, such as a recipient entity identifier, is utilized and communicated to the resource systems to more efficiently validate the recipient entity in order to improve the processing capacity, reduce memory requirements, and improve processing speeds for validating the recipient entity for an interaction. Moreover, a more accurate determination of the actual identity of the recipient entity may be provided, thus improving the security of the interaction between the entities and reducing the potential for misappropriation of the resources involved in the interactions.

Status:
Grant
Type:

Utility

Filling date:

11 Oct 2017

Issue date:

7 Jan 2020