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:
Jun. 09, 2026
Filed:
Jan. 18, 2024
Pre-authorized, encrypted and secured qr code-based wallet to share money with authorized recipients
Bank of America Corporation, Charlotte, NC (US);
Sandeep Verma, Gurugram, IN;
Bank of America Corporation, Charlotte, NC (US);
Abstract
Provided herein is a method of transferring an asset to a user's account, the method including the steps of: displaying a QR code in an accessible location, the code encoding a tripartite URL, including a shortened URL of a service provider, a first encrypted string whose key is housed on a server of the service provider, and a second encrypted string whose key is accessible only by authenticated user(s) and is optionally on a user profile of the user; the user scanning the code with a device; connecting the device to the server; transmitting the first encrypted string to the server; decrypting the first encrypted string; transmitting the second encrypted string to the server; obtaining authentication details from the user; decrypting the second encrypted string; connecting the device to a secure location of the server; and transferring the asset to the user's account.