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:
May. 09, 2023
Filed:
Sep. 29, 2020
Bank of America Corporation, Charlotte, NC (US);
Christopher Hope, Tonbridge, GB;
James McMorrow, London, GB;
Sumita Desai, Jacksonville, FL (US);
Shehreyar Jamshed, London, GB;
Ayeesha Sachedina, New York, NY (US);
Anna Xu, Charlotte, NC (US);
Brandon Castagna, Charlotte, NC (US);
Sasikumar Sivaraman, Charlotte, NC (US);
Lauren Hewings, New York, NY (US);
Alex Wong, London, GB;
Bank of America Corporation, Charlotte, NC (US);
Abstract
A method for harnessing a connected network to securely verify and execute a transaction is provided. The method may include requesting a PIN from a mobile device. The request may be transmitted via a USSD message. The method may also include receiving the PIN from the mobile device. The PIN may be received via a response to the USSD message. The method may also include authenticating the mobile device. The method may also include accessing a third-party network to verify an authentication status of the mobile device. The third-party network may include a plurality of IoT endpoints. Each IoT endpoint may include a stored verification usage process. The stored verification usage process may relate to a user associated with the mobile device. The method may also include executing the transaction upon receipt of an authentication signal from the third-party network.