The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Dec. 18, 2018
Filed:
May. 11, 2016
Bank of America Corporation, Charlotte, NC (US);
Richard H. Thomas, Charlotte, NC (US);
Joseph B. Castinado, Northglenn, CO (US);
Bank of America Corporation, Charlotte, NC (US);
Abstract
A token-based routing system that includes an out-of-network transfer processor configured to receive a transfer request, a sender token, and a receiver token and to identify an institution associated with a sender based on the sender token. The out-of-network transfer processor is configured to determine a membership for an institution associated with a receiver based on the receiver token. The out-of-network transfer processor is configured to facilitate a transfer from the institution associated with the sender to the receiver using service network resources in response to determining that the membership for the institution associated with the receiver indicates an in-network institution. The out-of-network transfer processor is configured to facilitate a transfer from the institution associated with the sender to the institution associated with the receiver using secondary network resources in response to determining that the membership for the institution associated with the receiver indicates an out-of-network institution.