Bank of America Corporation

Kimberly Turner

Joseph Benjamin Castinado

Philip Mork

Phillip Wade Mork

Tracey A Mochnal

Kathryn Elizabeth Guthrie

Embodiments of the invention are directed to systems, methods, and computer program products for authenticating the use of a wearable device to execute a transaction. The system is configured to receive an indication that a user is in possession of the wearable device; authenticate the wearable device; transmit a pointer associated with the token to a global merchant device; receive an indication from the user to execute a transaction with at least one of the one or more local merchant devices; retrieve information identifying the token; transmit a first notification associated with the transaction to the global merchant device; determine a match between the wearable device and the pointer associated with the token; determine that the user continues to remain in possession of the wearable device; and complete execution of the transaction.

System for authenticating a mobile device for comprehensive access to a facility

Aspects of the present disclosure are directed to electronic data transfer methods and systems for multiple recipient destination processing. A plurality of computer readable memory locations in a computer readable database associated with a first entity computer system is maintained. Electronically, via a computer-based data communications network, an instruction is received for electronic data transfer EDI data payload including a stored value data attribute, and data transfer request attribute, and a first recipient destination and a second recipient destination; wherein the first recipient destination and the second recipient destination are associated with different recipient virtual memory locations. Responsive to the data transfer request attribute request being extracted, EDI data payload associated with the stored value data attribute to the first recipient destination and the second recipient destination is transmitted.

Database processing system for multiple destination payloads

Embodiments of the invention are directed to systems, methods, and computer program products for tokenization and token selection associated with wearable device transactions. The system is configured to receive an indication that a user is in possession of the wearable device; authenticate the wearable device; receive an indication from the user to execute a transaction; determine that the user continues to remain in possession of the wearable device; and complete execution of the transaction; initiate execution of the transaction using the first token received from the user; determine a second token based on at least the transaction information and the one or more limits associated with the second token; swapping the first token with the second token; and execute the transaction using one or more financial institution accounts of the user associated with the second token.

System for tokenization and token selection associated with wearable device transactions

Embodiments of the invention are directed to systems, methods, and computer program products for authentication levels associated with a wearable device. The system is configured to receive an indication that a user is in possession of the wearable device; authenticate the wearable device; receive an indication from the user to execute a transaction; determine that the user continues to remain in possession of the wearable device; determine that the transaction requires an authentication level higher than the default authentication level; receive additional authentication credentials associated with the authentication level required to execute the transaction; authenticate the wearable device using the additional authentication credentials received from the user; and execute the transaction associated with the authentication level higher than the default authentication level.

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Sicklerville, NJ, United States of America

Kimberly Turner