Recurring event analyses and data push

• US 10,373,131 B2
• Filed: 01/04/2016
• Issued: 08/06/2019
• Est. Priority Date: 01/04/2016
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Hsieh, Matthew, Lentz, Linda Yoon, Mohr, Gail, Jones-McFadden, Alicia C.
• Primary Examiner(s): Hewitt, II, Calvin L
• Assistant Examiner(s): Zhou, Yingying
• Application Number:
  US14/987,714
• Publication Number:
  US 20170193472A1
• Time in Patent Office: 1,310 Days
• CPC Class Codes: G06F 9/50 Allocation of resources, e.g. of the central processing unit [CPU]
• CPC Class Codes: G06Q 10/1097 Task assignment
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/38215 Use of certificates or encrypted proofs of transaction rights
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/4012 Verifying personal identification numbers [PIN]
• CPC Class Codes: G06Q 50/18 Legal services

Abstract

Systems, methods and computer program products for allocation of resources based on event triggers are provided. As an example, the system receives a set of electronic guidelines outlining scheduled allocation of resources based on detection of trigger events, where the resources are transferred electronically from a source to a destination. The system parses the electronic guidelines into a set of event triggers associated with resource allocations and monitor activities associated events related to allocation resources. From the monitoring, the system identifies a triggering event in the activities that is associated with a resource allocation as defined in the electronic guidelines and transfers an allocation of the resources electronically from the source to the destination based on the triggering event.

Claims

1. A computer-implemented method for transferring funds of a due payment to a service provider, the method comprising:

receiving, by one or more computer processors, an electronic copy of a contract between a service provider and a customer of the service provider, wherein the contract comprises a triggering event;

identifying a scheduled payment owed by the customer to the service provider by parsing, by the one or more computer processors, the electronic copy of the contract;

electronically monitoring, by the one or more computer processors, email accounts of the service provider and customer;

in response to electronically monitoring the email accounts of the service provider and customer, identifying, by the one or more computer processors, the occurrence of the triggering event;

determining, by the one or more computer processors, that the service provider does not own an account managed by a financial institution;

in response to identifying the occurrence of the triggering event, determining, by the one or more computer processors, that the scheduled payment under the contract is due;

in response to determining that the scheduled payment under the contract is due, communicating, by a token server, to a computing device of the service provider, a unique token;

associating, by the token server, a unique identifier of the computing device with the unique token;

receiving, by a transaction machine, a modified unique token from the computing device of the service provider;

determining, by the token server, that the modified unique token comprises the unique token and the unique identifier of the computing device;

in response to determining that the modified unique token comprises the unique token and the unique identifier of the computing device, authenticating, by the token server, the modified unique token; and

in response to authenticating the modified unique token, (i) transferring, by the token server, funds from a financial account of the customer to a financial account of the service provider, (ii) dispensing, by the transaction machine, a prepaid transaction card, or (iii) dispensing, by the transaction machine, cash.

2. The method of claim 1, wherein communicating the unique token to the service provider is based on receiving permission from the customer.

3. The method of claim 1, wherein the method further comprises:

transferring the funds to the financial account of the service provider, wherein the funds are less than an amount of the scheduled payment.

4. The method of claim 1, wherein the method further comprises:

(i) dispensing, by the transaction machine, the prepaid transaction card, an amount of the prepaid transaction card being equal to an amount of the scheduled payment, or (ii) dispensing, by the transaction machine, the cash, the cash being equal to the amount of the scheduled payment.

5. The method of claim 4, wherein the method further comprises:

dispensing, by the transaction machine, the prepaid transaction card.

6. The method of claim 4, wherein the method further comprises:

dispensing, by the transaction machine, the cash.

7. The method of claim 1, wherein the method further comprises:

requesting confirmation from the customer that the triggering event has occurred; and

receiving confirmation from the customer that the triggering event has occurred;

wherein the unique token is communicated to the computing device of the service provider based on receiving confirmation from the customer that the triggering event has occurred.