System for atypical third party channel utilization for resource distribution completion

• US 10,430,769 B2
• Filed: 05/05/2017
• Issued: 10/01/2019
• Est. Priority Date: 05/05/2017
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Castinado, Joseph Benjamin, Neelam, Pavan Kumar
• Primary Examiner(s): Wilder, A. Hunter
• Assistant Examiner(s): Mutschler, Joseph M
• Application Number:
  US15/588,294
• Publication Number:
  US 20180322473A1
• Time in Patent Office: 879 Days
• CPC Class Codes: G06Q 20/0855 involving a third party
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/327 Short range or proximity payments by means of M-devices
• CPC Class Codes: G06Q 20/34 using cards, e.g. integrated circuit [IC] cards or magnetic cards
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: H04W 4/02 Services making use of location information
• CPC Class Codes: H04W 4/80 Services using short range communication, e.g. near-field communication [NFC], radio-frequency identification [RFID] or low energy communication
• CPC Class Codes: H04W 84/12 WLAN [Wireless Local Area Networks]

Abstract

Embodiments of the invention are directed to a system, method, or computer program product for utilizing and linking into an atypical third party channel for completion of resource distribution. In this way, a third party system may not implement hardware for digital or electronic resource acceptance. The system links into local channels such as wireless networks to send resource distributions to a server to map and authorize resource distribution. Network systems may communicate back directly to the third party for approval of the resource distribution. Furthermore, the system interacts between the network system and third party to initiate and complete authorization for a digital resource distribution that is otherwise not capable of being performed by a third party system.

Claims

1. A system for atypical third party channel utilization for resource distribution, the system comprising:

a memory device with non-transitory computer-readable program code stored thereon;

a communication device;

a processing device operatively coupled to the memory device and the communication device within a distributive network for authorization and instant integration approval for a digital resource distribution, wherein the processing device is configured to execute the computer-readable program code to;

identify a user requesting the digital resource distribution to a merchant, wherein identifying the request comprises integrating within a user device associated with the digital resource distribution request and wherein the digital resource distribution further comprises a digital wallet, wherein a digital resource distribution token includes a virtual credit card token that is stored in a user device memory for digital resource distribution to the merchant;

determine software and hardware incapability within merchant system to complete the digital resource distribution, wherein the merchant system is a POS device and the merchant system does not have NFC or digital wallet transaction software and hardware;

identify, in response to determining software and hardware incapability, merchant wireless channel and link communicably to the wireless channel;

wherein the merchant wireless channel further comprises a wireless network associated with a merchant place of business;

request and receive resource distribution information from the user device, wherein the resource distribution information includes a digital resource distribution token required for the digital resource distribution to the merchant;

translate the digital resource distribution token into a physical resource distribution account number;

distribute the translated digital resource distribution token to a resource distribution network system for processing and authorization;

match, within the resource distribution network, the distributed translated digital resource distribution token with resource distribution processing transmitted from the merchant system to the resource distribution network; and

transmit resource distribution network resource distribution approval to user device.

2. The system of claim 1, further comprising communicating to the merchant system to allow the merchant system to distribute the resource distribution processing about the digital resource distribution to the resource distribution network without receiving a credit card from the user.

3. The system of claim 1, further comprising allowing the resource distribution network to transmit an approval of the resource distribution to the merchant system based on an approval of the resource distribution by the resource distribution network.

4. The system of claim 1, wherein resource distribution information further comprises transaction information to complete a transaction with a merchant including user name, user digital resource distribution account, merchant name, merchant contact information, product/service information, and a resource distribution requirement to complete a transaction.

5. The system of claim 1, wherein the resource distribution processing further comprises a transaction total for the resource distribution.

6. A computer program product for atypical third party channel utilization for resource distribution, the computer program product, within a distributive network for authorization and instant integration approval for a digital resource distribution, comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:

an executable portion configured for identifying a user requesting the digital resource distribution to a merchant, wherein identifying the request comprises integrating within a user device associated with the digital resource distribution request and wherein the digital resource distribution further comprises a digital wallet, wherein a digital resource distribution token includes a virtual credit card token that is stored in a user device memory for digital resource distribution to the merchant;

an executable portion configured for determining software and hardware incapability within merchant system to complete the digital resource distribution, wherein the merchant system is a POS device and the merchant system does not have NFC or digital wallet transaction software and hardware;

an executable portion configured for identifying, in response to determining software and hardware incapability, merchant wireless channel and link communicably to the wireless channel wherein the merchant wireless channel further comprises a wireless network associated with a merchant place of business;

an executable portion configured for requesting and receiving resource distribution information from the user device, wherein the resource distribution information includes a digital resource distribution token required for the digital resource distribution to the merchant;

an executable portion configured for translating the digital resource distribution token into a physical resource distribution account number;

an executable portion configured for distributing the translated digital resource distribution token to a resource distribution network system for processing and authorization;

an executable portion configured for matching, within the resource distribution network, the distributed translated digital resource distribution token with resource distribution processing transmitted from the merchant system to the resource distribution network; and

an executable portion configured for transmitting resource distribution network resource distribution approval to user device.

7. The computer program product of claim 6, further comprising an executable portion configured for communicating to the merchant system to allow the merchant system to distribute the resource distribution processing about the digital resource distribution to the resource distribution network without receiving a credit card from the user.

8. The computer program product of claim 6, further comprising an executable portion configured for allowing the resource distribution network to transmit an approval of the resource distribution to the merchant system based on an approval of the resource distribution by the resource distribution network.

9. The computer program product of claim 6, wherein resource distribution information further comprises transaction information to complete a transaction with a merchant including user name, user digital resource distribution account, merchant name, merchant contact information, product/service information, and a resource distribution requirement to complete a transaction.

10. The computer program product of claim 6, wherein the resource distribution processing further comprises a transaction total for the resource distribution.

11. A computer-implemented method for atypical third party channel utilization for resource distribution, the method comprising:

providing a computing system within a distributive network for the authorization and instant integration approval for a digital resource distribution, comprising a computer processing device and a non-transitory computer readable medium, where the computer readable medium comprises configured computer program instruction code, such that when said instruction code is operated by said computer processing device, said computer processing device performs the following operations;

identifying a user requesting the digital resource distribution to a merchant, wherein identifying the request comprises integrating within a user device associated with the digital resource distribution request and wherein the digital resource distribution further comprises a digital wallet, wherein a digital resource distribution token includes a virtual credit card token that is stored in a user device memory for digital resource distribution to the merchant;

determining software and hardware incapability within merchant system to complete the digital resource distribution, wherein the merchant system is a POS device and the merchant system does not have NFC or digital wallet transaction software and hardware;

identifying, in response to determining software and hardware incapability, merchant wireless channel and link communicably to the wireless channel, wherein the merchant wireless channel further comprises a wireless network associated with a merchant place of business;

requesting and receive resource distribution information from the user device, wherein the resource distribution information includes a digital resource distribution token required for the digital resource distribution to the merchant;

translating the digital resource distribution token into a physical resource distribution account number;

distributing the translated digital resource distribution token to a resource distribution network system for processing and authorization;

matching, within the resource distribution network, the distributed translated digital resource distribution token with resource distribution processing transmitted from the merchant system to the resource distribution network; and

transmitting resource distribution network resource distribution approval to user device.

12. The computer-implemented method of claim 11, further comprising communicating to the merchant system to allow the merchant system to distribute the resource distribution processing about the digital resource distribution to the resource distribution network without receiving a credit card from the user.

13. The computer-implemented method of claim 11, further comprising allowing the resource distribution network to transmit an approval of the resource distribution to the merchant system based on an approval of the resource distribution by the resource distribution network.