SYSTEM FOR MODELING AND IMPLEMENTING EVENT-RESPONSIVE RESOURCE ALLOCATION STRUCTURES
First Claim
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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;
receive a request from a user to change an identification of a beneficiary of an event-responsive resource allocation structure, wherein the request is received via a transmission sent from a user device associated with the user;
establish a first communication channel between the user device and the communication device;
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;
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;
responsive to 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;
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, 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.
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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.
28 Citations
20 Claims
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1. A system for implementing an event-responsive resource allocation structure, the system comprising:
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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; receive a request from a user to change an identification of a beneficiary of an event-responsive resource allocation structure, wherein the request is received via a transmission sent from a user device associated with the user; establish a first communication channel between the user device and the communication device; 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; 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; responsive to 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; 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, 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. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. 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:
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an executable portion configured to receive a request from a user to change an identification of a beneficiary of an event-responsive resource allocation structure, wherein the request is received via a transmission sent from a user device associated with the user; an executable portion configured to establish a first communication channel between the user device and a communication device; 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 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, responsive to 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; 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, 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. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A method for implementing an event-responsive resource allocation structure, the method comprising:
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receiving, by one or more processing devices, a request from a user to change an identification of a beneficiary of an event-responsive resource allocation structure, wherein the request is received via a transmission sent from a user device associated with the user; establishing, by the one or more processing devices, a first communication channel between the user device and a communication device; 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; prompting the user, by the one or more processing devices, 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; responsive to 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; 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, 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. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification