Bank of America Corporation
Intelligent Dynamic Authentication and Event Processing System

Abstract:

Systems for dynamic authentication and event processing are provided. In some examples, a system may receive a request to process an event. In response to receiving the request to process the event, the system may transfer an amount of funds associated with the event from a first account of a first user who is a party to the event to a second account. The system may generate a profile for each user who is a party to the event. In some examples, the information in a profile may be anonymized. Users who are parties to the event may use the profiles to authenticate and authorize or cancel the event. In some examples, a notification may be transmitted to the system that the event is authorized for processing. The amount of funds may be transferred from the second account to a third account associated with a second user who is a party to the event. If the event is cancelled, the funds may be transferred from the second, temporary account to the first account. In some examples, after the event has been processed or cancelled, the profiles may be deleted.