Entity validation for resource distribution location

• US 10,530,780 B2
• Filed: 10/11/2017
• Issued: 01/07/2020
• Est. Priority Date: 10/11/2017
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Henry, Dean Lyons, Wu, Huihui, Reed, Alfred James
• Primary Examiner(s): Dalencourt, Yves D
• Application Number:
  US15/730,568
• Publication Number:
  US 20190109853A1
• Time in Patent Office: 818 Days
• CPC Class Codes: G06F 21/31 User authentication
• CPC Class Codes: G06F 21/44 Program or device authentication
• CPC Class Codes: H04L 63/101 Access control lists [ACL]
• CPC Class Codes: H04L 63/102 Entity profiles
• CPC Class Codes: H04L 63/104 Grouping of entities

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.

Claims

1. A system for validating entities for interactions, the system comprising:

one or more memory components having computer readable code stored thereon; and

one or more processing components operatively coupled to the one or more memory components, wherein the one or more processing components are configured to execute the computer readable code to;

receive a request from a provider entity through one or more application programming interfaces (APIs) for an interaction with a recipient entity, wherein the interaction with the recipient entity includes at least delivering resources to a resource pool of the recipient entity, wherein the resources are funds and the resource pool of the recipient entity is an account of the recipient entity, wherein the request includes recipient entity information comprising at least a recipient entity identifier, wherein the request is received through a provider entity computer system;

validate the recipient entity using the recipient entity information, including at least the recipient entity identifier, wherein validating the recipient entity comprises pinging a resource system to determine existence of the resource pool for the recipient entity identifier without having to utilize resource validation interactions, wherein the resource validation interactions comprise transactions of resource amounts that require a resource pool number for the resource pool of the recipient entity; and

deliver the resources to the resource pool of the recipient entity when the recipient entity is validated, wherein the resources are delivered by communicating with the resource system.

2. The system of claim 1, wherein validate the recipient entity comprises:

communicate at least the recipient entity identifier to the resource system; and

receive a validation response from the resource system, wherein the validation response comprises;

a validation confirmation that the recipient entity is validated when the resource pool of the recipient entity is identified within the resource system; and

an indication of multiple resource pools when two or more recipient entities or two or more resource pools for the recipient entity are identified.

3. The system of claim 2, wherein in response to receiving the validation confirmation delivering the resources to the resource pool of the recipient entity;

and wherein in response to receiving the indication of multiple resource pools the one or more processing components are further configured to execute the computer readable code to;

send an information request to the provider entity or the recipient entity, wherein the information request comprises a request for a selection of one of the multiple resource pools to deliver the resources, and wherein the information request is sent to the provider entity computer system or a recipient entity computer system.

4. The system of claim 1, wherein validating the recipient entity comprises:

accessing a validation database, wherein the validation database comprises stored validations for a plurality of recipient entities comprising stored recipient entity information;

comparing the recipient entity information with the stored recipient entity information;

determining that the recipient entity information meets one or more validation conditions, wherein the one or more validation conditions comprise at least one validation of the recipient entity within a past time period;

validate the recipient entity when the recipient entity information meets the stored recipient entity information and the one or more validation conditions are met, including at least a validation of the recipient entity within the past time period; and

communicating at least the recipient entity information to the resource system when the recipient entity information does not meet the stored recipient entity information or the past time period.

5. The system of claim 4, wherein the validation database is stored by a third-party system.

6. The system of claim 1, wherein the recipient entity identifier comprises an electronic communication address or a mobile device number of the recipient entity, and the validation occurs without utilizing resource pool number of the recipient entity.

7. The system of claim 1, wherein the recipient entity information further comprises a resource pool entity of the recipient entity, wherein the resource pool entity comprises a holder of a digital wallet of the recipient entity.

8. The system of claim 1, wherein the recipient entity information further comprises a name of the recipient entity.

9. The system of claim 1, wherein the provider entity receives the recipient entity information from the recipient entity when entering the interaction with the recipient entity.

10. The system of claim 1, wherein the recipient entity information further comprises a resource pool entity of the recipient entity, wherein the resource pool entity comprises a holder of a digital wallet of the recipient entity.

11. A computer implemented method for validating entities for interactions, the method comprising:

receiving, by one or more processing components, a request from a provider entity through one or more application programming interfaces (APIs) for an interaction with a recipient entity, wherein the interaction with the recipient entity includes at least delivering resources to a resource pool of the recipient entity, wherein the resources are funds and the resource pool of the recipient entity is an account of the recipient entity, wherein the request includes recipient entity information comprising at least a recipient entity identifier, wherein the request is received through a provider entity computer system;

validating, by the one or more processing components, the recipient entity using the recipient entity information, including at least the recipient entity identifier, wherein validating the recipient entity comprises pinging a resource system to determine existence of the resource pool for the recipient entity identifier without having to utilize resource validation interactions, wherein the resource validation interactions comprise transactions of resource amounts that require a resource pool number for the resource pool of the recipient entity; and

delivering, by the one or more processing components, the resources to the resource pool of the recipient entity when the recipient entity is validated, wherein the resources are delivered by communicating with the resource system.

12. The computer implemented method of claim 11, wherein validating the recipient entity comprises:

communicating at least the recipient entity identifier to the resource system; and

receive a validation response from the resource system, wherein the validation response comprises;

a validation confirmation that the recipient entity is validated when the resource pool of the recipient entity is identified within the resource system; and

an indication of multiple resource pools when two or more recipient entities or two or more resource pools for the recipient entity are identified.

13. The computer implemented method of claim 12, wherein in response to receiving the validation confirmation, delivering the resources to the resource pool of the recipient entity;

and wherein in response to receiving the indication of multiple resource pools, the method further comprises;

sending an information request to the provider entity or the recipient entity, wherein the information request comprises a request for a selection of one of the multiple resource pools to deliver the resources, and wherein the information request is sent to the provider entity computer system or a recipient entity computer system.

14. The computer implemented method of claim 11, wherein validating the recipient entity comprises:

accessing a validation database, wherein the validation database comprises stored validations for a plurality of recipient entities comprising stored recipient entity information;

comparing the recipient entity information with the stored recipient entity information;

determining that the recipient entity information meets one or more validation conditions, wherein the one or more validation conditions comprise at least one validation of the recipient entity within a past time period;

validate the recipient entity when the recipient entity information meets the stored recipient entity information and the one or more validation conditions are met, including at least a validation of the recipient entity within the past time period; and

communicating at least the recipient entity information to the resource system when the recipient entity information does not meet the stored recipient entity information or the past time period.

15. The computer implemented method of claim 11, wherein the recipient entity identifier comprises an electronic communication address or a mobile device number of the recipient entity, and the validation occurs without utilizing resource pool number of the recipient entity.

16. A computer program product for validating entities for interactions, the computer program product 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 to receive a request from a provider entity through one or more application programming interfaces (APIs) for an interaction with a recipient entity, wherein the interaction with the recipient entity includes at least delivering resources to a resource pool of the recipient entity, wherein the resources are funds and the resource pool of the recipient entity is an account of the recipient entity, wherein the request includes recipient entity information comprising at least a recipient entity identifier, wherein the request is received through a provider entity computer system;

an executable portion configured to validate the recipient entity using the recipient entity information, including at least the recipient entity identifier, wherein validating the recipient entity comprises pinging a resource system to determine existence of the resource pool for the recipient entity identifier without having to utilize resource validation interactions, wherein the resource validation interactions comprise transactions of resource amounts that require a resource pool number for the resource pool of the recipient entity; and

an executable portion configured to deliver the resources to the resource pool of the recipient entity when the recipient entity is validated, wherein the resources are delivered by communicating with the resource system.