Bank of America Corporation

Philip Mork

Joseph Benjamin Castinado

Kimberly Turner

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

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.

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Huntersville, NC, United States of America

Philip Mork