System for modeling and implementing event-responsive resource allocation structures

• US 10,127,551 B2
• Filed: 09/11/2015
• Issued: 11/13/2018
• Est. Priority Date: 09/11/2015
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Dintenfass, Katherine, Missouri, Damon C., Wadley, Cameron Darnell, Wittkowski, Alexander C., Jones-McFadden, Alicia C., Thompson, Angela Fritz
• Primary Examiner(s): Apple, Kirsten S
• Application Number:
  US14/851,599
• Publication Number:
  US 20170076283A1
• Time in Patent Office: 1,159 Days
• Field of Search: 705 35
• CPC Class Codes: G06Q 20/3825 Use of electronic signatures
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/0269 based on user profile or attribute

Abstract

Embodiments of the invention are directed to systems, methods, and computer program products for implementing a change in a parameter associated with an event-responsive resource allocation structure, such as a named beneficiary, and predicting that the current parameters of an event-responsive resource allocation structure a unlikely to be congruent with a user'"'"'s desired configuration of the parameters of the event-responsive resource allocation structure.

Claims

1. A system for implementing an event-responsive resource allocation structure, 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, wherein the processing device is configured to execute the computer-readable program code to;

establish a first communication channel between a user device and a communication device;

receive, from the user device, via one or more specialized servers communicably linked across a distributed network, a set of transaction information associated with a user, wherein the set of transaction information associated with the user comprises data associated with a transaction amount, a transaction location, and a merchant name;

determine a change in transaction pattern associated with the user based on at least the set of information associated with the user;

determine, based at least in part on the set of transaction information associated with the user and the change in the transaction pattern, that a probability that the user will request to change an identification of a beneficiary of an event-responsive resource allocation structure is above a predetermined probability threshold;

determine that the user is a holder of the event-responsive resource allocation structure and that the user is authorized to change the identification of the beneficiary of the event-responsive resource allocation structures

initiate a security check on the user device, wherein initiating further comprises;

determine a unique identity of the user device; and

perform a security check on the user device by (1) determining, based on the unique identity of the user device, that the user device is associated with the user, and (2) determining that the user device is not corrupted with viruses or malware;

based on performing the security check on the user device, transmit control signals configured to cause the user device to prompt the user to provide a confirmation of the identity of the user;

receive, via the first communication channel the confirmation of the identity of the user, wherein the confirmation of the identity of the user comprises an image of a signature of the user;

extract data from the confirmation of the identity of the user, wherein the data comprises text-recognition data;

calculate a confidence rating based at least in part on a comparison of the image of the signature of the user and the data extracted from the confirmation of the identity of the user to a predetermined template associated with the user;

determine that the confidence rating exceeds a predetermined confidence threshold;

based on performing the security check on the user device and determining that the confidence rating exceeds the predetermined confidence threshold, prompt the user for information regarding the change in the identification of the beneficiary of the event-responsive resource allocation structure, wherein prompting further comprises transmitting to the user device, an interactive form configured to receive the information regarding the change in the identification of the beneficiary from the user;

determine that the information regarding the change in the identification of the beneficiary of the event-responsive resource allocation structure complies with one or more rules associated with the identification of the beneficiary and a specificity of the identification of the beneficiary by comparing the information regarding the change in the identification of the beneficiary of the event-responsive resource allocation structure with one or more other sources of information to confirm accuracy of the information regarding the change in the identification of the beneficiary, wherein the one or more other sources of information comprises at least public records and social media information;

establish a second communication channel between the communication device and a system associated with an institution associated with the event-responsive resource allocation structure; and

transmit, via the second communication channel, instructions to change the identification of the beneficiary of the event-responsive resource allocation structure based on at least determining that the change in the identification of the beneficiary of the event-responsive resource allocation structure complies with the one or more rules associated with the identification of the beneficiary and the specificity of the identification of the beneficiary, wherein the instructions comprise the information regarding the change in the identification of the beneficiary of the event-responsive resource allocation structure and the image of the signature of the user.

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

transmit a notification to the user indicating that the probability that the user will request to change the identification of the beneficiary of the event-responsive resource allocation structure is above the predetermined probability threshold.

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

transmit to the user a first message associated with the identification of the beneficiary of the event-responsive resource allocation structure; and

transmit to the user a second message associated with the identification of the beneficiary of the event-responsive resource allocation structure, wherein the second message is sent after a predetermined interval of time has passed after the transmission of the first message.

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

transmit to the user an offer of a reward associated with the identification of the beneficiary of the event-responsive resource allocation structure.

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

establish a third communication channel between the communication device and a system associated with an individual authorized to verify a signature document;

transmit to the individual authorized to verify the signature document the image of the signature and an image of a government-issued identification document associated with the user via the third communication channel; and

receive from the individual authorized to verify the signature document an indication that the individual has verified the signature of the user.

8. The computer program product of claim 1, wherein the computer readable program code portions further comprise:

an executable portion configured to transmit to the user a first message associated with the identification of the beneficiary of the event-responsive resource allocation structure; and

an executable portion configured to transmit to the user a second message associated with the identification of the beneficiary of the event-responsive resource allocation structure, wherein the second message is sent after a predetermined interval of time has passed after the transmission of the first message.

9. The computer program product of claim 8, wherein the computer readable program code portions further comprise:

an executable portion configured to transmit to the user an offer of a reward associated with the identification of the beneficiary of the event-responsive resource allocation structure.

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

receive a request from the user to change the identification of the beneficiary of the event-responsive resource allocation structure, wherein the request is received via a transmission sent from the user device associated with the user;

initiate the security check on the user device based on at least receiving the request from the user device, to determine whether the user device requesting the change to the event-responsive resource allocation structure is a device associated with the user and is not compromised; and

generate a security confidence rating associated with the user device based on at least performing the security check.

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

receive one or more requirements from the system associated with the institution associated with the event-responsive resource allocation structure, wherein the one or more requirements comprises at least a degree of specificity associated with the identity of the beneficiary.

6. A computer program product for implementing an event-responsive resource allocation structure, 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 establish a first communication channel between a user device and a communication device;

an executable portion configured to receive, from the user device, via one or more specialized servers communicably linked across a distributed network, a set of transaction information associated with a user, wherein the set of transaction information associated with the user comprises data associated with a transaction amount, a transaction location, and a merchant name;

an executable portion configured to establish a first communication channel between a user device and a communication device;

an executable portion configured to receive, from the user device, via one or more specialized servers communicably linked across a distributed network, a set of transaction information associated with a user, wherein the set of transaction information associated with the user comprises data associated with a transaction amount, a transaction location, and a merchant name;

an executable portion configured to determine a change in transaction pattern associated with the user based on at least the set of information associated with the user;

an executable portion configured to determine, based at least in part on the set of transaction information associated with the user and the change in the transaction pattern, that a probability that the user will request to change an identification of a beneficiary of an event-responsive resource allocation structure is above a predetermined probability threshold;

an executable portion configured to determine that the user is a holder of the event-responsive resource allocation structure and that the user is authorized to change the identification of the beneficiary of the event-responsive resource allocation structure;

an executable portion configured to initiate a security check on the user device, wherein initiating further comprises;

determine a unique identity of the user device; and

perform a security check on the user device by (1) determining, based on the unique identity of the user device, that the user device is associated with the user, and (2) determining that the user device is not corrupted with viruses or malware;

an executable portion configured to, based on performing the security check on the user device, transmit control signals configured to cause the user device to prompt the user to provide a confirmation of the identity of the user;

an executable portion configured to receive, via the first communication channel the confirmation of the identity of the user, wherein the confirmation of the identity of the user comprises an image of a signature of the user;

an executable portion configured to extract data from the confirmation of the identity of the user, wherein the data comprises text-recognition data;

an executable portion configured to calculate a confidence rating based at least in part on a comparison of the image of the signature of the user and the data extracted from the confirmation of the identity of the user to a predetermined template associated with the user;

an executable portion configured to determine that the confidence rating exceeds a predetermined confidence threshold;

an executable portion configured to, based on performing the security check on the user device and determining that the confidence rating exceeds the predetermined confidence threshold, prompt the user for information regarding the change in the identification of the beneficiary of the event-responsive resource allocation structure, wherein prompting further comprises transmitting to the user device, an interactive form configured to receive the information regarding the change in the identification of the beneficiary from the user;

an executable portion configured to determine that the information regarding the change in the identification of the beneficiary of the event-responsive resource allocation structure complies with one or more rules associated with the identification of the beneficiary and a specificity of the identification of the beneficiary by comparing the information regarding the change in the identification of the beneficiary of the event-responsive resource allocation structure with one or more other sources of information to confirm accuracy of the information regarding the change in the identification of the beneficiary, wherein the one or more other sources of information comprises at least public records and social media information;

an executable portion configured to establish a second communication channel between the communication device and a system associated with an institution associated with the event-responsive resource allocation structure; and

an executable portion configured to transmit, via the second communication channel, instructions to change the identification of the beneficiary of the event-responsive resource allocation structure based on at least determining that the change in the identification of the beneficiary of the event-responsive resource allocation structure complies with the one or more rules associated with the identification of the beneficiary and the specificity of the identification of the beneficiary, wherein the instructions comprise the information regarding the change in the identification of the beneficiary of the event-responsive resource allocation structure and the image of the signature of the user.

7. The computer program product of claim 6, wherein the computer-readable program code portions further comprise:

an executable portion configured to transmit a notification to the user indicating that the probability that the user will request to change the identification of the beneficiary of the event-responsive resource allocation structure is above the predetermined probability threshold.

10. The computer program product of claim 6, wherein the computer-readable program code portions further comprise:

an executable portion configured to establish a third communication channel between the communication device and a system associated with an individual authorized to verify a signature document;

an executable portion configured to transmit to the individual authorized to verify the signature document the image of the signature and an image of a government-issued identification document associated with the user via the third communication channel; and

an executable portion configured to receive from the individual authorized to verify the signature document an indication that the individual has verified the signature of the user.

16. The computer program product of claim 6, wherein the computer-readable program code portions further comprise:

an executable portion configured to receive a request from the user to change the identification of the beneficiary of the event-responsive resource allocation structure, wherein the request is received via a transmission sent from the user device associated with the user;

an executable portion configured to initiate the security check on the user device based on at least receiving the request from the user device, to determine whether the user device requesting the change to the event-responsive resource allocation structure is a device associated with the user and is not compromised; and

an executable portion configured to generate a security confidence rating associated with the user device based on at least performing the security check.

11. A method for implementing an event-responsive resource allocation structure, the method comprising:

establishing, by the one or more processing devices, a first communication channel between a user device and a communication device;

receiving, by the one or more processing devices, from the user device and via one or more specialized servers communicably linked across a distributed network, a set of transaction information associated with a user, wherein the set of transaction information associated with the user comprises data associated with a transaction amount, a transaction location, and a merchant name;

determining, by the one or more processing devices, a change in transaction pattern associated with the user based on at least the set of information associated with the user;

determining, by the one or more processing devices, based at least in part on the set of transaction information associated with the user and the change in the transaction pattern, that a probability that the user will request to change an identification of a beneficiary of an event-responsive resource allocation structure is above a predetermined probability threshold;

determining, by the one or more processing devices, that the user is a holder of the event-responsive resource allocation structure and that the user is authorized to change the identification of the beneficiary of the event-responsive resource allocation structure;

initiating, by the one or more processing devices, a security check on the user device, wherein initiating further comprises;

determine a unique identity of the user device; and

perform a security check on the user device by (1) determining, based on the unique identity of the user device, that the user device is associated with the user, and (2) determining that the user device is not corrupted with viruses or malware;

based on performing the security check on the user device, transmitting, by the one or more processing devices, control signals configured to cause the user device to prompt to provide a confirmation of the identity of the user;

receiving, by one or more processing devices, via the first communication channel, the confirmation of the identity of the user, wherein the confirmation of the identity of the user comprises an image of a signature of the user;

extracting, by the one or more processing devices, data from the confirmation of the identity of the user, wherein the data comprises text-recognition data;

calculating, by the one or more processing devices, a confidence rating based at least in part on a comparison of the image of the signature of the user and the data extracted from the confirmation of the identity of the user to a predetermined template associated with the user;

determining, by the one or more processing devices, that the confidence rating exceeds a predetermined confidence threshold;

based on performing the security check on the user device and determining that the confidence rating exceeds the predetermined confidence threshold, prompting the user, by the one or more processing devices, for information regarding the change in the identification of the beneficiary of the event-responsive resource allocation structure, wherein prompting further comprises transmitting to the user device, an interactive form configured to receive the information regarding the change in the identification of the beneficiary from the user;

determining, by the one or more processing devices, that the information regarding the change in the identification of the beneficiary of the event-responsive resource allocation structure complies with one or more rules associated with the identification of the beneficiary and a specificity of the identification of the beneficiary by comparing the information regarding the change in the identification of the beneficiary of the event-responsive resource allocation structure with one or more other sources of information to confirm accuracy of the information regarding the change in the identification of the beneficiary, wherein the one or more other sources of information comprises at least public records and social media information;

establishing, by the one or more processing devices, a second communication channel between the communication device and a system associated with an institution associated with the event-responsive resource allocation structure; and

transmitting, via the second communication channel, instructions to change the identification of the beneficiary of the event-responsive resource allocation structure based on at least determining that the change in the identification of the beneficiary of the event-responsive resource allocation structure complies with the one or more rules associated with the identification of the beneficiary and the specificity of the identification of the beneficiary, wherein the instructions comprise the information regarding the change in the identification of the beneficiary of the event-responsive resource allocation structure and the image of the signature of the user.

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

transmitting a notification to the user indicating that the probability that the user will request to change the identification of the beneficiary of the event-responsive resource allocation structure is above the predetermined probability threshold.

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

transmitting to the user a first message associated with the identification of the beneficiary of the event-responsive resource allocation structure; and

transmitting to the user a second message associated with the identification of the beneficiary of the event-responsive resource allocation structure, wherein the second message is sent after a predetermined interval of time has passed after the transmission of the first message.

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

transmitting to the user an offer of a reward associated with the identification of the beneficiary of the event-responsive resource allocation structure.

17. The method of claim 11, wherein method further comprises:

receiving a request from the user to change the identification of the beneficiary of the event-responsive resource allocation structure, wherein the request is received via a transmission sent from the user device associated with the user;

initiating the security check on the user device based on at least receiving the request from the user device, to determine whether the user device requesting the change to the event-responsive resource allocation structure is a device associated with the user and is not compromised; and

generating a security confidence rating associated with the user device based on at least performing the security check.

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

establishing a third communication channel between the communication device and a system associated with an individual authorized to verify a signature document;

transmitting to the individual authorized to verify the signature document the image of the signature and an image of a government-issued identification document associated with the user via the third communication channel; and

receiving from the individual authorized to verify the signature document an indication that the individual has verified the signature of the user.

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

receiving one or more requirements from the system associated with the institution associated with the event-responsive resource allocation structure, wherein the one or more requirements comprises at least a degree of specificity associated with the identity of the beneficiary.