SYSTEM FOR NETWORK RESOURCE RECYCLING

• US 20200134712A1
• Filed: 05/01/2019
• Published: 04/30/2020
• Est. Priority Date: 10/26/2018
• Status: Abandoned Application

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Morgan, Rebecca Stepp, Marshall, Robert Edward, Taylor, Judith C.
• Application Number:
  US16/400,843
• Publication Number:
  US 20200134712A1
• Time in Patent Office: Days
• CPC Class Codes: G06Q 20/3221 Access to banking information through M-devices
• CPC Class Codes: G06Q 20/38215 Use of certificates or encrypted proofs of transaction rights
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/42 Confirmation, e.g. check or permission by the legal debtor of payment
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G07F 19/206 Software aspects at ATMs
• CPC Class Codes: G07F 19/211 Software architecture within ATMs or in relation to the ATM network
• CPC Class Codes: H04L 2209/56 Financial cryptography, e.g. electronic payment or e-cash
• 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 9/3236 using cryptographic hash functions
• 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 a safe resource recycler system and network. The system provides a network and platform for authorized entities for provisional resource deployment and manipulation. In this way, the system may provide safe resource ingestion outside deposit window times. Upon ingestion, the system provides an authorized entity an application tool for internal management and manipulation of provisional resources.

Claims

1. A system for a resource recycling network, 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;

authorize an entity for access to the resource recycling network, wherein upon authorization an application tool is deployed on an entity server for the entity access to the resource recycling network;

identify a physical resource influx occurrence and the entity;

trigger, based in the influx, initiation of the application tool at the entity server;

receive characterization data about the physical resource influx including an amount of influx and identification of no deposit window available for the influx;

transmit, via the resource recycling network, a provisional resource access for immediate entity manipulation;

allow, via the application tool, manipulation of the provisional resource access; and

reconcile, upon deposition, the physical resource influx with the provisional resource access.

2. The system of claim 1, wherein identifying the physical resource influx occurrence and the entity further comprises identifying the physical resource influx at a time when no deposit window is available for the entity.

3. The system of claim 1, wherein authorizing the entity for access to the resource recycling network further comprises accessing and integration of the application tool into point-of-transaction devices associated with the entity.

4. The system of claim 1, wherein authorizing the entity for access to the resource recycling network further comprises accessing financial institution accounts associated with the entity for deployment of provisional resource.

5. The system of claim 1, wherein identifying the physical resource influx occurrence and the entity further comprises identifying a level of cash above a threshold at a location associated with the entity, wherein the cash is received from a transaction.

6. The system of claim 1, wherein allowing, via the application tool, manipulation of the provisional resource access further comprises allowing the entity to manipulate the provisional resource access within an account as if the provisional resource access was the physical resource influx.

7. The system of claim 1, wherein the provisional resource access comprises a credit placed in an account of the entity for an amount of the physical resource influx before the physical resource influx is deposited within the account.

8. A computer program product for a resource recycling 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 for authorizing an entity for access to the resource recycling network, wherein upon authorization an application tool is deployed on an entity server for the entity access to the resource recycling network;

an executable portion configured for identifying a physical resource influx occurrence and the entity;

an executable portion configured for triggering, based in the influx, initiation of the application tool at the entity server;

an executable portion configured for receiving characterization data about the physical resource influx including an amount of influx and identification of no deposit window available for the influx;

an executable portion configured for transmitting, via the resource recycling network, a provisional resource access for immediate entity manipulation;

an executable portion configured for allowing, via the application tool, manipulation of the provisional resource access; and

an executable portion configured for reconciling, upon deposition, the physical resource influx with the provisional resource access.

9. The computer program product of claim 8, wherein identifying the physical resource influx occurrence and the entity further comprises identifying the physical resource influx at a time when no deposit window is available for the entity.

10. The computer program product of claim 8, wherein authorizing the entity for access to the resource recycling network further comprises accessing and integration of the application tool into point-of-transaction devices associated with the entity.

11. The computer program product of claim 8, wherein authorizing the entity for access to the resource recycling network further comprises accessing financial institution accounts associated with the entity for deployment of provisional resource.

12. The computer program product of claim 8, wherein identifying the physical resource influx occurrence and the entity further comprises identifying a level of cash above a threshold at a location associated with the entity, wherein the cash is received from a transaction.

13. The computer program product of claim 8, wherein allowing, via the application tool, manipulation of the provisional resource access further comprises allowing the entity to manipulate the provisional resource access within an account as if the provisional resource access was the physical resource influx.

14. The computer program product of claim 8, wherein the provisional resource access comprises a credit placed in an account of the entity for an amount of the physical resource influx before the physical resource influx is deposited within the account.

15. A computer-implemented method for a resource recycling network, 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;

authorizing an entity for access to the resource recycling network, wherein upon authorization an application tool is deployed on an entity server for the entity access to the resource recycling network;

identifying a physical resource influx occurrence and the entity;

triggering, based in the influx, initiation of the application tool at the entity server;

receiving characterization data about the physical resource influx including an amount of influx and identification of no deposit window available for the influx;

transmitting, via the resource recycling network, a provisional resource access for immediate entity manipulation;

allowing, via the application tool, manipulation of the provisional resource access; and

reconciling, upon deposition, the physical resource influx with the provisional resource access.

16. The computer-implemented method of claim 15, wherein identifying the physical resource influx occurrence and the entity further comprises identifying the physical resource influx at a time when no deposit window is available for the entity.

17. The computer-implemented method of claim 15, wherein authorizing the entity for access to the resource recycling network further comprises accessing and integration of the application tool into point-of-transaction devices associated with the entity.

18. The computer-implemented method of claim 15, wherein authorizing the entity for access to the resource recycling network further comprises accessing financial institution accounts associated with the entity for deployment of provisional resource.

19. The computer-implemented method of claim 15, wherein identifying the physical resource influx occurrence and the entity further comprises identifying a level of cash above a threshold at a location associated with the entity, wherein the cash is received from a transaction.

20. The computer-implemented method of claim 15, wherein the provisional resource access comprises a credit placed in an account of the entity for an amount of the physical resource influx before the physical resource influx is deposited within the account.