Bank of America Corporation
DATABASE MANAGEMENT SYSTEM USING A MONITORED INFORMATION STREAM FOR ENTRY EXTRACTION AND LINKING

Last updated:

Abstract:

A system receives transaction data from data source(s). The system stores a participant entity database. The system determines a first transaction included in the transaction data corresponds to a direct deposit transaction for a payment from a first entity to a recipient. The system determines that the first entity of the first transaction is a participating entity in an enhancement account that provides benefits to members of the participating entity. The system determines that the recipient of the first transaction is both a first member of the first entity and an account holder. The system determines a first account associated with the first account holder and automatically enrolls the first account in the enhancement account.

Status:
Application
Type:

Utility

Filling date:

11 Feb 2021

Issue date:

12 Aug 2021