REAL-TIME NETWORK PROCESSING NUCLEUS

• US 20190318333A1
• Filed: 04/12/2018
• Published: 10/17/2019
• Est. Priority Date: 04/12/2018
• Status: Abandoned Application

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Castinado, Joseph Benjamin, Kendall, Charles Russell
• Application Number:
  US15/952,005
• Publication Number:
  US 20190318333A1
• Time in Patent Office: Days
• CPC Class Codes: G06Q 20/027 involving a payment switch or gateway
• CPC Class Codes: G06Q 20/16 Payments settled via telecommunication systems
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: H04L 2209/56 Financial cryptography, e.g. electronic payment or e-cash
• CPC Class Codes: H04L 63/08 for authentication of entities cryptographic mechanisms or cryptographic arrangements for entity authentication H04L9/32
• CPC Class Codes: H04L 63/10 for controlling access to devices or network resources
• CPC Class Codes: H04L 67/10 in which an application is distributed across nodes in the network software deployment G06F8/60; multiprogramming arrangements G06F9/46
• CPC Class Codes: H04L 67/52 specially adapted for the location of the user terminal
• CPC Class Codes: H04L 9/0637 Modes of operation, e.g. cipher block chaining [CBC], electronic codebook [ECB] or Galois/counter mode [GCM]
• CPC Class Codes: H04L 9/3239 involving non-keyed hash functions, e.g. modification detection codes [MDCs], MD5, SHA or RIPEMD
• CPC Class Codes: H04L 9/50 using hash chains, e.g. blockchains or hash trees

Abstract

Embodiments of the invention are directed to a system, method, or computer program product for solving a computer batch processing problem by building and providing a real-time interaction hub for real-time resource distribution processing. The invention forms connectivity channels to entity and user systems to perform real-time network processing irrespective of legacy processing associated with the entities. In this way, the invention generates an inter-entity level real-time processing with system knowledge of legacy systems for processing and reconciliation. Furthermore, the invention, via the connectivity, provides an indication of the location of the resource distribution within the cycle of entity processing of the resource distribution.

Claims

1. A system for real-time resource distribution communication channeling, the system comprising:

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

a communication device;

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

deploy a private communication linkage between users and institutions associated with a resource distribution;

communicate and confirm authorization of processing of the resource distribution as a real-time resource distribution;

post, for institution visualization, processing and clearance of the real-time resource distribution;

identify institution legacy system processing for each channel available for resource distributions at an institution;

identify the institution legacy system for the resource distribution at the institution and trigger processing of the resource distribution at the institution legacy system; and

monitor a location of resource distribution within the institution legacy system processing and provide the institutions associated with the resource distribution visibility into location of processing.

2. The system of claim 1, further comprising storing information about the resource distribution, the real-time resource distribution, and the channel for dimensional reporting.

3. The system of claim 1, further comprising performing real-time processing of the resource distribution using Uniform Resource Locator (URL) for instant institution access to inter-level settlement.

4. The system of claim 1, wherein identifying institution legacy system processing for each channel available for the resource distribution further comprises identification of capabilities for real-time processing or end-of-day batch processing.

5. The system of claim 1, further comprising communicating with a block chain distributed network for confirmation of authorization and authentication of real-time processing for the resource distribution.

6. The system of claim 1, wherein institution legacy systems comprise systems at the institutions for processing resource distributions received via a specific channel, wherein the processing is determined on an individual institution and regulatory requirement basis.

7. The system of claim 1, wherein providing the institutions associated with the resource distribution visibility into location of processing further comprises generating a secure interface for accessing a contextual visual representation of the location of processing the resource distribution.

8. A computer program product for real-time resource distribution communication channeling, 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 for deploying a private communication linkage between users and institutions associated with a resource distribution;

an executable portion configured for communicating and confirming authorization of processing of the resource distribution as a real-time resource distribution;

an executable portion configured for posting, for institution visualization, processing and clearance of the real-time resource distribution;

an executable portion configured for identifying institution legacy system processing for each channel available for resource distributions at an institution;

an executable portion configured for identifying the institution legacy system for the resource distribution at the institution and trigger processing of the resource distribution at the institution legacy system; and

an executable portion configured for monitoring a location of resource distribution within the institution legacy system processing and provide the institutions associated with the resource distribution visibility into location of processing.

9. The computer program product of claim 8, further comprising an executable portion configured for storing information about the resource distribution, the real-time resource distribution, and the channel for dimensional reporting.

10. The computer program product of claim 8, further comprising an executable portion configured for performing real-time processing of the resource distribution using Uniform Resource Locator (URL) for instant institution access to inter-level settlement.

11. The computer program product of claim 8, wherein identifying institution legacy system processing for each channel available for the resource distribution further comprises identification of capabilities for real-time processing or end-of-day batch processing.

12. The computer program product of claim 8, further comprising an executable portion configured for communicating with a block chain distributed network for confirmation of authorization and authentication of real-time processing for the resource distribution.

13. The computer program product of claim 8, wherein institution legacy systems comprise systems at the institutions for processing resource distributions received via a specific channel, wherein the processing is determined on an individual institution and regulatory requirement basis.

14. The computer program product of claim 8, wherein providing the institutions associated with the resource distribution visibility into location of processing further comprises generating a secure interface for accessing a contextual visual representation of the location of processing the resource distribution.

15. A computer-implemented method for real-time resource distribution communication channeling, the method comprising:

providing a computing system 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;

deploying a private communication linkage between users and institutions associated with a resource distribution;

communicating and confirming authorization of processing of the resource distribution as a real-time resource distribution;

posting, for institution visualization, processing and clearance of the real-time resource distribution;

identifying institution legacy system processing for each channel available for resource distributions at an institution;

identifying the institution legacy system for the resource distribution at the institution and trigger processing of the resource distribution at the institution legacy system; and

monitoring a location of resource distribution within the institution legacy system processing and provide the institutions associated with the resource distribution visibility into location of processing.

16. The computer-implemented method of claim 15, further comprising storing information about the resource distribution, the real-time resource distribution, and the channel for dimensional reporting.

17. The computer-implemented method of claim 15, further comprising performing real-time processing of the resource distribution using Uniform Resource Locator (URL) for instant institution access to inter-level settlement.

18. The computer-implemented method of claim 15, wherein identifying institution legacy system processing for each channel available for the resource distribution further comprises identification of capabilities for real-time processing or end-of-day batch processing.

19. The computer-implemented method of claim 15, further comprising communicating with a block chain distributed network for confirmation of authorization and authentication of real-time processing for the resource distribution.

20. The computer-implemented method of claim 15, wherein institution legacy systems comprise systems at the institutions for processing resource distributions received via a specific channel, wherein the processing is determined on an individual institution and regulatory requirement basis.