SYSTEM FOR ESTABLISHING SECURE ACCESS FOR USERS IN A PROCESS DATA NETWORK

• US 20170244707A1
• Filed: 02/22/2016
• Published: 08/24/2017
• Est. Priority Date: 02/22/2016
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Johnsrud, Darrell, Kurian, Manu Jacob, Wuehler, Michael
• Granted Patent: US 10,142,312 B2
• Time in Patent Office: Days
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/389 Keeping log of transactions for guaranteeing non-repudiation of a transaction
• CPC Class Codes: G06Q 2220/00 Business processing using cryptography postage metering system using cryptography G06Q2250/05
• CPC Class Codes: H04L 2209/56 Financial cryptography, e.g. electronic payment or e-cash
• CPC Class Codes: H04L 2209/80 Wireless network architectures or network communication protocols for wireless network security H04W12/00
• CPC Class Codes: H04L 63/08 for authentication of entities cryptographic mechanisms or cryptographic arrangements for entity authentication H04L9/32
• CPC Class Codes: H04L 63/102 Entity profiles
• CPC Class Codes: H04L 63/123 received data contents, e.g. message integrity
• CPC Class Codes: H04L 9/3226 using a predetermined code, e.g. password, passphrase or PIN network architectures or network communication protocols for supporting authentication of entities using passwords in a packet data network H04L63/083
• CPC Class Codes: H04L 9/3236 using cryptographic hash functions
• CPC Class Codes: H04L 9/3247 involving digital signatures
• CPC Class Codes: H04L 9/50 using hash chains, e.g. blockchains or hash trees

Abstract

Systems, computer program products, and methods are described herein for a system for establishing secure access for users in a process data network. The present invention is configured to create a block chain of resource information based on at least aggregated information associated with past transfer of resources executed by an entity; analyze the block chain of resource information to determine a pattern associated with the past transfer of resources executed by the entity; receive an indication that the entity has executed a transfer of resources; receive information associated with the transfer of resources; compare the information associated with the transfer of resources with the pattern associated with the past transfer of resources executed by the entity to determine a match; and allow the execution of the transfer of resources.

Claims

1. A system operatively connected with a block chain distributed network and for using the block chain distributed network for establishing secure access for users in a process data network, the system comprising:

a memory device storing logic and rules for the block chain; and

a processing device operatively coupled to the memory device, wherein the processing device is configured to execute computer-readable program code to;

create a block chain of resource information based on at least aggregated information associated with past transfer of resources executed by an entity;

analyze the block chain of resource information to determine a pattern associated with the past transfer of resources executed by the entity;

receive an indication that the entity has executed a transfer of resources;

receive information associated with the transfer of resources based on at least receiving the indication that the entity has executed the transfer of resources;

compare the information associated with the transfer of resources with the pattern associated with the past transfer of resources executed by the entity to determine a match; and

allow the execution of the transfer of resources to be completed based on at least determining a match between the information associated with the transfer of resources and the pattern associated with the past transfer of resources.

2. The system of claim 1, wherein the processing device is configured to execute computer-readable program code further to:

create a block chain of transaction information based on at least aggregated information associated with past transfer of resources executed by an entity, wherein the past transfer of resources comprises past transactions of the entity with a financial institution;

analyze the block chain of transaction information to determine a pattern associated with the past transactions executed by the entity;

receive an indication that the entity has executed a transfer of resources, wherein the transfer of resources comprises a transaction executed using one or more financial credentials associated with the financial institution;

receive information associated with the transaction based on at least receiving the indication that the entity has executed the transaction;

compare the information associated with the transaction with the pattern associated with the past transactions of the entity to determine a match; and

allow the execution of the transaction to be completed based on at least determining a match between the information associated with the transaction and the pattern associated with the past transactions.

3. The system of claim 2, wherein the processing device is configured to execute computer-readable program code further to:

determine that the entity is associated with misappropriate activity;

aggregate information associated with past transactions executed by the entity with the financial institution; and

create the block chain of transaction information based on at least the aggregated information associated with past transactions.

4. The system of claim 1, wherein the processing device is configured to execute computer-readable program code further to:

initiate a request to receive information associated with transaction activity executed by the entity with the financial institution;

receive information associated with the transaction activity based on at least the initiated request, wherein the transaction activity is associated with a transaction type; and

update the block chain of transaction information with the transaction activity executed by the entity with the financial institution.

5. The system of claim 1, wherein the processing device is configured to execute computer-readable program code further to:

receive a request from one or more financial institutions to access the block chain to update the block chain with information associated with transaction activity of the entity, wherein the entity is associated with the one or more financial institutions;

determine that the one or more financial institutions is a member institution, wherein a member institution has authorized access to the block chain;

enable the one or more financial institutions to access the block chain;

receive information associated with past transactions associated with the entity from one or more financial institutions, wherein the one or more financial institutions has authorized access to the block chain; and

update the block chain with the information received from the one or more financial institutions.

6. The system of claim 5, wherein the processing device is configured to execute computer-readable program code further to:

receive one or more authentication credentials from the one or more financial institutions to enable the one or more financial institutions to access the block chain;

validate the one or more authentication credentials; and

enable the one or more financial institutions to access the block chain in response to validating the one or more authentication credentials.

7. The system of claim 2, wherein the processing device is configured to execute computer-readable program code further to:

initiate a request to receive information associated with transaction activity of the entity with one or more member institutions having access to the block chain;

receive information associated with the transaction activity of the entity with the one or more member institutions based on at least the initiated request; and

update the block chain of transaction information with the transaction activity executed by the entity.

8. The system of claim 7, wherein the processing device is configured to execute computer-readable program code further to:

initiate a request to receive information associated with transaction activity of the entity with one or more member institutions having access to the block chain based on at least one or more specific transaction types;

receive information associated with the transaction activity of the entity with the one or more member institutions based on at least the initiated request, wherein the transaction activity is associated with a transaction type; and

update the block chain of transaction information with the transaction activity of the entity associated with the one or more specific transaction types executed by the entity with the one or more member institutions.

9. The system of claim 2, wherein the processing device is configured to execute computer-readable program code further to:

update the block chain of transaction information with the transaction activity executed by the entity with the financial institution;

transmit a request to the one or more member institutions to validate the transaction activity based on the logic and rules for the block chain; and

post validated transaction activity to distributed memory of the block chain.

10. A computerized method for using the block chain distributed network for using the block chain distributed network for establishing secure access for users in a process data network, the method comprising:

creating a block chain of resource information based on at least aggregated information associated with past transfer of resources executed by an entity;

analyzing the block chain of resource information to determine a pattern associated with the past transfer of resources executed by the entity;

receiving an indication that the entity has executed a transfer of resources;

receiving information associated with the transfer of resources based on at least receiving the indication that the entity has executed the transfer of resources;

comparing the information associated with the transfer of resources with the pattern associated with the past transfer of resources executed by the entity to determine a match; and

allowing the execution of the transfer of resources to be completed based on at least determining a match between the information associated with the transfer of resources and the pattern associated with the past transfer of resources.

11. The method of claim 10, wherein the method further comprises:

creating a block chain of transaction information based on at least aggregated information associated with past transfer of resources executed by an entity, where in the past transfer of resources comprises past transactions of the entity with a financial institution;

analyzing the block chain of transaction information to determine a pattern associated with the past transactions executed by the entity;

receiving an indication that the entity has executed a transfer of resources, wherein the transfer of resources comprises a transaction executed using one or more financial credentials associated with the financial institution;

receiving information associated with the transaction based on at least receiving the indication that the entity has executed the transaction;

comparing the information associated with the transaction with the pattern associated with the past transactions of the entity to determine a match; and

allowing the execution of the transaction to be completed based on at least determining a match between the information associated with the transaction and the pattern associated with the past transactions.

12. The method of claim 11, wherein the method further comprises:

initiating a request to receive information associated with transaction activity executed by the entity with the financial institution;

receiving information associated with the transaction activity based on at least the initiated request, wherein the transaction activity is associated with a transaction type; and

updating the block chain of transaction information with the transaction activity executed by the entity with the financial institution.

13. The method of claim 11, wherein the method further comprises:

receiving a request from one or more financial institutions to access the block chain to update the block chain with information associated with transaction activity of the entity, wherein the entity is associated with the one or more financial institutions;

determining that the one or more financial institutions is a member institution, wherein a member institution has authorized access to the block chain;

enabling the one or more financial institutions to access the block chain;

receiving information associated with past transactions associated with the entity from one or more financial institutions, wherein the one or more financial institutions has authorized access to the block chain; and

updating the block chain with the information received from the one or more financial institutions.

14. The method of claim 13, wherein the method further comprises:

receiving one or more authentication credentials from the one or more financial institutions to enable the one or more financial institutions to access the block chain;

validating the one or more authentication credentials; and

enabling the one or more financial institutions to access the block chain in response to validating the one or more authentication credentials.

15. The method of claim 11, wherein the method further comprises:

initiating a request to receive information associated with transaction activity of the entity with one or more member institutions having access to the block chain;

receiving information associated with the transaction activity of the entity with the one or more member institutions based on at least the initiated request; and

updating the block chain of transaction information with the transaction activity executed by the entity.

16. The method of claim 15, wherein the method further comprises:

initiating a request to receive information associated with transaction activity of the entity with one or more member institutions having access to the block chain based on at least one or more specific transaction types;

receiving information associated with the transaction activity of the entity with the one or more member institutions based on at least the initiated request, wherein the transaction activity is associated with a transaction type; and

updating the block chain of transaction information with the transaction activity of the entity associated with the one or more specific transaction types executed by the entity with the one or more member institutions.

17. A computer program product for execution on a system operatively connected with the block chain distributed network, the computer program product for using the block chain distributed network for establishing secure access for users in a process data network, 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 create a block chain of resource information based on at least aggregated information associated with past transfer of resources executed by an entity;

an executable portion configured to analyze the block chain of resource information to determine a pattern associated with the past transfer of resources executed by the entity;

an executable portion configured to receive an indication that the entity has executed a transfer of resources;

an executable portion configured to receive information associated with the transfer of resources based on at least receiving the indication that the entity has executed the transfer of resources;

an executable portion configured to compare the information associated with the transfer of resources with the pattern associated with the past transfer of resources executed by the entity to determine a match; and

an executable portion configured to allow the execution of the transfer of resources to be completed based on at least determining a match between the information associated with the transfer of resources and the pattern associated with the past transfer of resources.

18. The computer program product of claim 17 further comprising an executable portion configured to:

create a block chain of transaction information based on at least aggregated information associated with past transfer of resources executed by an entity, where in the past transfer of resources comprises past transactions of the entity with a financial institution;

analyze the block chain of transaction information to determine a pattern associated with the past transactions executed by the entity;

receive an indication that the entity has executed a transfer of resources, wherein the transfer of resources comprises a transaction executed using one or more financial credentials associated with the financial institution;

receive information associated with the transaction based on at least receiving the indication that the entity has executed the transaction;

compare the information associated with the transaction with the pattern associated with the past transactions of the entity to determine a match; and

allow the execution of the transaction to be completed based on at least determining a match between the information associated with the transaction and the pattern associated with the past transactions.

19. The computer program product of claim 18 further comprising an executable portion configured to:

initiate a request to receive information associated with transaction activity executed by the entity with the financial institution;

receive information associated with the transaction activity based on at least the initiated request, wherein the transaction activity is associated with a transaction type; and

update the block chain of transaction information with the transaction activity executed by the entity with the financial institution.

20. The computer program product of claim 19 further comprising an executable portion configured to:

receive a request from one or more financial institutions to access the block chain to update the block chain with information associated with transaction activity of the entity, wherein the entity is associated with the one or more financial institutions;

determine that the one or more financial institutions is a member institution, wherein a member institution has authorized access to the block chain;

enable the one or more financial institutions to access the block chain;

receive information associated with past transactions associated with the entity from one or more financial institutions, wherein the one or more financial institutions has authorized access to the block chain; and

update the block chain with the information received from the one or more financial institutions.