U.S. patent application number 16/400843 was filed with the patent office on 2020-04-30 for system for network resource recycling.
This patent application is currently assigned to BANK OF AMERICA CORPORATION. The applicant listed for this patent is BANK OF AMERICA CORPORATION. Invention is credited to Robert Edward Marshall, Rebecca Stepp Morgan, Judith C. Taylor.
Application Number | 20200134712 16/400843 |
Document ID | / |
Family ID | 70325522 |
Filed Date | 2020-04-30 |
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United States Patent
Application |
20200134712 |
Kind Code |
A1 |
Morgan; Rebecca Stepp ; et
al. |
April 30, 2020 |
SYSTEM FOR NETWORK RESOURCE RECYCLING
Abstract
Embodiments of the invention are directed to a system, method,
or computer program product for a safe resource recycler system and
network. The system provides a network and platform for authorized
entities for provisional resource deployment and manipulation. In
this way, the system may provide safe resource ingestion outside
deposit window times. Upon ingestion, the system provides an
authorized entity an application tool for internal management and
manipulation of provisional resources.
Inventors: |
Morgan; Rebecca Stepp;
(Charlottesville, VA) ; Marshall; Robert Edward;
(Charlotte, NC) ; Taylor; Judith C.; (Charlotte,
NC) |
|
Applicant: |
Name |
City |
State |
Country |
Type |
BANK OF AMERICA CORPORATION |
Charlotte |
NC |
US |
|
|
Assignee: |
BANK OF AMERICA CORPORATION
Charlotte
NC
|
Family ID: |
70325522 |
Appl. No.: |
16/400843 |
Filed: |
May 1, 2019 |
Related U.S. Patent Documents
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Application
Number |
Filing Date |
Patent Number |
|
|
62751138 |
Oct 26, 2018 |
|
|
|
Current U.S.
Class: |
1/1 |
Current CPC
Class: |
G07F 19/211 20130101;
G06Q 40/02 20130101; H04L 2209/38 20130101; G07F 19/206 20130101;
G06Q 20/38215 20130101; H04L 9/3239 20130101; H04L 2209/56
20130101; G06Q 20/3221 20130101; H04L 9/0637 20130101; G06Q 40/04
20130101; H04L 9/3236 20130101; G06Q 20/401 20130101; G06Q 20/42
20130101 |
International
Class: |
G06Q 40/02 20060101
G06Q040/02; G06Q 20/42 20060101 G06Q020/42 |
Claims
1. A system for a resource recycling network, the system
comprising: a memory device with computer-readable program code
stored thereon; a communication device; a processing device
operatively coupled to the memory device and the communication
device, wherein the processing device is configured to execute the
computer-readable program code to: authorize an entity for access
to the resource recycling network, wherein upon authorization an
application tool is deployed on an entity server for the entity
access to the resource recycling network; identify a physical
resource influx occurrence and the entity; trigger, based in the
influx, initiation of the application tool at the entity server;
receive characterization data about the physical resource influx
including an amount of influx and identification of no deposit
window available for the influx; transmit, via the resource
recycling network, a provisional resource access for immediate
entity manipulation; allow, via the application tool, manipulation
of the provisional resource access; and reconcile, upon deposition,
the physical resource influx with the provisional resource
access.
2. The system of claim 1, wherein identifying the physical resource
influx occurrence and the entity further comprises identifying the
physical resource influx at a time when no deposit window is
available for the entity.
3. The system of claim 1, wherein authorizing the entity for access
to the resource recycling network further comprises accessing and
integration of the application tool into point-of-transaction
devices associated with the entity.
4. The system of claim 1, wherein authorizing the entity for access
to the resource recycling network further comprises accessing
financial institution accounts associated with the entity for
deployment of provisional resource.
5. The system of claim 1, wherein identifying the physical resource
influx occurrence and the entity further comprises identifying a
level of cash above a threshold at a location associated with the
entity, wherein the cash is received from a transaction.
6. The system of claim 1, wherein allowing, via the application
tool, manipulation of the provisional resource access further
comprises allowing the entity to manipulate the provisional
resource access within an account as if the provisional resource
access was the physical resource influx.
7. The system of claim 1, wherein the provisional resource access
comprises a credit placed in an account of the entity for an amount
of the physical resource influx before the physical resource influx
is deposited within the account.
8. A computer program product for a resource recycling network, the
computer program product comprising at least one non-transitory
computer-readable medium having computer-readable program code
portions embodied therein, the computer-readable program code
portions comprising: an executable portion configured for
authorizing an entity for access to the resource recycling network,
wherein upon authorization an application tool is deployed on an
entity server for the entity access to the resource recycling
network; an executable portion configured for identifying a
physical resource influx occurrence and the entity; an executable
portion configured for triggering, based in the influx, initiation
of the application tool at the entity server; an executable portion
configured for receiving characterization data about the physical
resource influx including an amount of influx and identification of
no deposit window available for the influx; an executable portion
configured for transmitting, via the resource recycling network, a
provisional resource access for immediate entity manipulation; an
executable portion configured for allowing, via the application
tool, manipulation of the provisional resource access; and an
executable portion configured for reconciling, upon deposition, the
physical resource influx with the provisional resource access.
9. The computer program product of claim 8, wherein identifying the
physical resource influx occurrence and the entity further
comprises identifying the physical resource influx at a time when
no deposit window is available for the entity.
10. The computer program product of claim 8, wherein authorizing
the entity for access to the resource recycling network further
comprises accessing and integration of the application tool into
point-of-transaction devices associated with the entity.
11. The computer program product of claim 8, wherein authorizing
the entity for access to the resource recycling network further
comprises accessing financial institution accounts associated with
the entity for deployment of provisional resource.
12. The computer program product of claim 8, wherein identifying
the physical resource influx occurrence and the entity further
comprises identifying a level of cash above a threshold at a
location associated with the entity, wherein the cash is received
from a transaction.
13. The computer program product of claim 8, wherein allowing, via
the application tool, manipulation of the provisional resource
access further comprises allowing the entity to manipulate the
provisional resource access within an account as if the provisional
resource access was the physical resource influx.
14. The computer program product of claim 8, wherein the
provisional resource access comprises a credit placed in an account
of the entity for an amount of the physical resource influx before
the physical resource influx is deposited within the account.
15. A computer-implemented method for a resource recycling network,
the method comprising: providing a computing system comprising a
computer processing device and a non-transitory computer readable
medium, where the computer readable medium comprises configured
computer program instruction code, such that when said instruction
code is operated by said computer processing device, said computer
processing device performs the following operations: authorizing an
entity for access to the resource recycling network, wherein upon
authorization an application tool is deployed on an entity server
for the entity access to the resource recycling network;
identifying a physical resource influx occurrence and the entity;
triggering, based in the influx, initiation of the application tool
at the entity server; receiving characterization data about the
physical resource influx including an amount of influx and
identification of no deposit window available for the influx;
transmitting, via the resource recycling network, a provisional
resource access for immediate entity manipulation; allowing, via
the application tool, manipulation of the provisional resource
access; and reconciling, upon deposition, the physical resource
influx with the provisional resource access.
16. The computer-implemented method of claim 15, wherein
identifying the physical resource influx occurrence and the entity
further comprises identifying the physical resource influx at a
time when no deposit window is available for the entity.
17. The computer-implemented method of claim 15, wherein
authorizing the entity for access to the resource recycling network
further comprises accessing and integration of the application tool
into point-of-transaction devices associated with the entity.
18. The computer-implemented method of claim 15, wherein
authorizing the entity for access to the resource recycling network
further comprises accessing financial institution accounts
associated with the entity for deployment of provisional
resource.
19. The computer-implemented method of claim 15, wherein
identifying the physical resource influx occurrence and the entity
further comprises identifying a level of cash above a threshold at
a location associated with the entity, wherein the cash is received
from a transaction.
20. The computer-implemented method of claim 15, wherein the
provisional resource access comprises a credit placed in an account
of the entity for an amount of the physical resource influx before
the physical resource influx is deposited within the account.
Description
CROSS-REFERENCE TO RELATED APPLICATIONS
[0001] This application claims the benefit of U.S. Provisional
Patent Application Ser. No. 62/751,138, filed Oct. 26, 2018
entitled "System for Resource Visibility," the entirety of which is
incorporated herein by reference.
BACKGROUND
[0002] Present conventional systems do not have the capability to
allow a user to track resource distribution and deposits from
conception through supply chain. Currently, manual sorting of
resources is performed and portions of the resource supply chain
are not visible. As such, there exists a need for a system to
perform tagging and tracking of resource distribution and resource
exchange through the supply chain.
BRIEF SUMMARY
[0003] The following presents a simplified summary of one or more
embodiments of the invention in order to provide a basic
understanding of such embodiments. This summary is not an extensive
overview of all contemplated embodiments, and is intended to
neither identify key or critical elements of all embodiments, nor
delineate the scope of any or all embodiments. Its sole purpose is
to present some concepts of one or more embodiments in a simplified
form as a prelude to the more detailed description that is
presented later.
[0004] Embodiments of the present invention address these and/or
other needs by providing an innovative system, method and computer
program product for safe resource recycler systems.
[0005] In some embodiments, a safe resource recycler system may
further comprise an entity provided provisional credit of resources
for affiliate entities. In this way, the system may provide a safe
resource for an entity that may have cash from a large deposit,
purchase, or the like and not be able to distribute the cash to the
financial institution. In this way, the system may confirm the cash
and provide the entity with a tool to give credit to the entity for
the cash they have, but have not deposited. The system thus allows
the entity to manage internal cash before the funds are in control
of the financial institution.
[0006] In some embodiments, the invention provides a system,
method, and computer program product for a resource recycling
network, the invention comprising: authorizing an entity for access
to the resource recycling network, wherein upon authorization an
application tool is deployed on an entity server for the entity
access to the resource recycling network; identifying a physical
resource influx occurrence and the entity; triggering, based in the
influx, initiation of the application tool at the entity server;
receiving characterization data about the physical resource influx
including an amount of influx and identification of no deposit
window available for the influx; transmitting, via the resource
recycling network, a provisional resource access for immediate
entity manipulation; allowing, via the application tool,
manipulation of the provisional resource access; and reconciling,
upon deposition, the physical resource influx with the provisional
resource access.
[0007] In some embodiments, identifying the physical resource
influx occurrence and the entity further comprises identifying the
physical resource influx at a time when no deposit window is
available for the entity.
[0008] In some embodiments, authorizing the entity for access to
the resource recycling network further comprises accessing and
integration of the application tool into point-of-transaction
devices associated with the entity. In some embodiments,
authorizing the entity for access to the resource recycling network
further comprises accessing financial institution accounts
associated with the entity for deployment of provisional
resource.
[0009] In some embodiments, identifying the physical resource
influx occurrence and the entity further comprises identifying a
level of cash above a threshold at a location associated with the
entity, wherein the cash is received from a transaction.
[0010] In some embodiments, allowing, via the application tool,
manipulation of the provisional resource access further comprises
allowing the entity to manipulate the provisional resource access
within an account as if the provisional resource access was the
physical resource influx.
[0011] In some embodiments, the provisional resource access
comprises a credit placed in an account of the entity for an amount
of the physical resource influx before the physical resource influx
is deposited within the account.
[0012] The features, functions, and advantages that have been
discussed may be achieved independently in various embodiments of
the present invention or may be combined with yet other
embodiments, further details of which can be seen with reference to
the following description and drawings.
BRIEF DESCRIPTION OF THE DRAWINGS
[0013] Having thus described embodiments of the invention in
general terms, reference will now be made to the accompanying
drawings, wherein:
[0014] FIG. 1 provides a network resource recycling system
environment, in accordance with one embodiment of the present
invention;
[0015] FIG. 2 provides a high level process map illustrating safe
resource recycling, in accordance with one embodiment of the
present invention;
[0016] FIG. 3 provides a detailed process flow illustrating safe
resource recycling communication, in accordance with one embodiment
of the present invention;
[0017] FIG. 4 provides a process map illustrating a lifecycle for
safe resource recycling, in accordance with one embodiment of the
present invention; and
[0018] FIG. 5 provides a process map illustrating standard resource
depositing lifecycle with deposit window availability, in
accordance with one embodiment of the present invention.
DETAILED DESCRIPTION OF EMBODIMENTS OF THE INVENTION
[0019] Embodiments of the present invention will now be described
more fully hereinafter with reference to the accompanying drawings,
in which some, but not all, embodiments of the invention are shown.
Indeed, the invention may be embodied in many different forms and
should not be construed as limited to the embodiments set forth
herein; rather, these embodiments are provided so that this
disclosure will satisfy applicable legal requirements. Like numbers
refer to elements throughout. Where possible, any terms expressed
in the singular form herein are meant to also include the plural
form and vice versa, unless explicitly stated otherwise. Also, as
used herein, the term "a" and/or "an" shall mean "one or more,"
even though the phrase "one or more" is also used herein.
[0020] A "user" as used herein may refer to any customer of an
entity or individual that interacts with an entity. In some
embodiments, the user may be an entity. In some embodiments,
identities of an individual may include online handles, usernames,
aliases, family names, maiden names, nicknames, or the like. The
user may interact with a financial institution as either a
customer, supplier, entity or the like. Furthermore, as used herein
the term "user device" or "mobile device" may refer to mobile
phones, personal computing devices, tablet computers, wearable
devices, and/or any portable electronic device capable of receiving
and/or storing data therein.
[0021] As used herein, a "user interface" generally includes a
plurality of interface devices and/or software that allow a
customer to input commands and data to direct the processing device
to execute instructions. For example, the user interface may
include a graphical user interface (GUI) or an interface to input
computer-executable instructions that direct the processing device
to carry out specific functions. Input and output devices may
include a display, mouse, keyboard, button, touchpad, touch screen,
microphone, speaker, LED, light, joystick, switch, buzzer, bell,
and/or other user input/output device for communicating with one or
more users.
[0022] A "transaction" or "resource distribution" refers to any
communication between a user and the financial institution or other
entity to transfer funds for the purchasing or selling of a
product. A transaction may refer to a purchase of goods or
services, a return of goods or services, a payment transaction, a
credit transaction, or other interaction involving a user's
account. In the context of a financial institution, a transaction
may refer to one or more of: a sale of goods and/or services,
initiating an automated teller machine (ATM) or online banking
session, an account balance inquiry, a rewards transfer, an account
money transfer or withdrawal, opening a bank application on a
user's computer or mobile device, a user accessing their e-wallet,
or any other interaction involving the user and/or the user's
device that is detectable by the financial institution. A
transaction may include one or more of the following: renting,
selling, and/or leasing goods and/or services (e.g., groceries,
stamps, tickets, DVDs, vending machine items, and the like); making
payments to creditors (e.g., paying monthly bills; paying federal,
state, and/or local taxes; and the like); sending remittances;
loading money onto stored value cards (SVCs) and/or prepaid cards;
donating to charities; and/or the like.
[0023] In various embodiments, the point-of-transaction device
(POT) may be or include a merchant machine and/or server and/or may
be or include the mobile device of the user may function as a point
of transaction device. The embodiments described herein may refer
to the use of a transaction, transaction event or point of
transaction event to trigger the steps, functions, routines etc.
described herein. In various embodiments, occurrence of a
transaction triggers the sending of information such as alerts and
the like. As used herein, a "bank account" refers to a credit
account, a debit/deposit account, or the like. Although the phrase
"bank account" includes the term "bank," the account need not be
maintained by a bank and may, instead, be maintained by other
financial institutions. For example, in the context of a financial
institution, a transaction may refer to one or more of a sale of
goods and/or services, an account balance inquiry, a rewards
transfer, an account money transfer, opening a bank application on
a user's computer or mobile device, a user accessing their e-wallet
or any other interaction involving the user and/or the user's
device that is detectable by the financial institution. As further
examples, a transaction may occur when an entity associated with
the user is alerted via the transaction of the user's location. A
transaction may occur when a user accesses a building, uses a
rewards card, and/or performs an account balance query. A
transaction may occur as a user's mobile device establishes a
wireless connection, such as a Wi-Fi connection, with a
point-of-sale terminal. In some embodiments, a transaction may
include one or more of the following: purchasing, renting, selling,
and/or leasing goods and/or services (e.g., groceries, stamps,
tickets, DVDs, vending machine items, etc.); withdrawing cash;
making payments to creditors (e.g., paying monthly bills; paying
federal, state, and/or local taxes and/or bills; etc.); sending
remittances; transferring balances from one account to another
account; loading money onto stored value cards (SVCs) and/or
prepaid cards; donating to charities; and/or the like.
[0024] In some embodiments, the transaction may refer to an event
and/or action or group of actions facilitated or performed by a
user's device, such as a user's mobile device. Such a device may be
referred to herein as a "point-of-transaction device". A
"point-of-transaction" could refer to any location, virtual
location or otherwise proximate occurrence of a transaction. A
"point-of-transaction device" may refer to any device used to
perform a transaction, either from the user's perspective, the
merchant's perspective or both. In some embodiments, the
point-of-transaction device refers only to a user's device, in
other embodiments it refers only to a merchant device, and in yet
other embodiments, it refers to both a user device and a merchant
device interacting to perform a transaction. For example, in one
embodiment, the point-of-transaction device refers to the user's
mobile device configured to communicate with a merchant's point of
sale terminal, whereas in other embodiments, the
point-of-transaction device refers to the merchant's point of sale
terminal configured to communicate with a user's mobile device, and
in yet other embodiments, the point-of-transaction device refers to
both the user's mobile device and the merchant's point of sale
terminal configured to communicate with each other to carry out a
transaction.
[0025] In some embodiments, a point-of-transaction device is or
includes an interactive computer terminal that is configured to
initiate, perform, complete, and/or facilitate one or more
transactions. A point-of-transaction device could be or include any
device that a user may use to perform a transaction with an entity,
such as, but not limited to, an ATM, a loyalty device such as a
rewards card, loyalty card or other loyalty device, a
magnetic-based payment device (e.g., a credit card, debit card,
etc.), a personal identification number (PIN) payment device, a
contactless payment device (e.g., a key fob), a radio frequency
identification device (RFID) and the like, a computer, (e.g., a
personal computer, tablet computer, desktop computer, server,
laptop, etc.), a mobile device (e.g., a smartphone, cellular phone,
personal digital assistant (PDA) device, MP3 device, personal GPS
device, etc.), a merchant terminal, a self-service machine (e.g.,
vending machine, self-checkout machine, etc.), a public and/or
business kiosk (e.g., an Internet kiosk, ticketing kiosk, bill pay
kiosk, etc.), a gaming device, and/or various combinations of the
foregoing.
[0026] In some embodiments, a point-of-transaction device is
operated in a public place (e.g., on a street corner, at the
doorstep of a private residence, in an open market, at a public
rest stop, etc.). In other embodiments, the point-of-transaction
device is additionally or alternatively operated in a place of
business (e.g., in a retail store, post office, banking center,
grocery store, factory floor, etc.). In accordance with some
embodiments, the point-of-transaction device is not owned by the
user of the point-of-transaction device. Rather, in some
embodiments, the point-of-transaction device is owned by a mobile
business operator or a point-of-transaction operator (e.g.,
merchant, vendor, salesperson, etc.). In yet other embodiments, the
point-of-transaction device is owned by the financial institution
offering the point-of-transaction device providing functionality in
accordance with embodiments of the invention described herein.
[0027] Further, the term "payment credential" or "payment vehicle,"
as used herein, may refer to any of, but is not limited to refers
to any of, but is not limited to, a physical, electronic (e.g.,
digital), or virtual transaction vehicle that can be used to
transfer money, make a payment (for a service or good), withdraw
money, redeem or use loyalty points, use or redeem coupons, gain
access to physical or virtual resources, and similar or related
transactions. For example, in some embodiments, the payment vehicle
is a bank card issued by a bank which a customer may use to perform
purchase transactions. However, in other embodiments, the payment
vehicle is a virtual debit card housed in a mobile device of the
customer, which can be used to electronically interact with an
automated teller machine (ATM) or the like to perform financial
transactions. Thus, it will be understood that the payment vehicle
can be embodied as an apparatus (e.g., a physical card, a mobile
device, or the like), or as a virtual transaction mechanism (e.g.,
a digital transaction device, digital wallet, a virtual display of
a transaction device, or the like).
[0028] In some embodiments, information associated with the
purchase transaction is received from a POT including a
point-of-sale (POS) terminal during a transaction involving a
consumer and a merchant. For example, a consumer checking out at a
retail merchant, such as a grocer, may provide to the grocer the
one or more goods or products that he is purchasing together with a
payment method, loyalty card, and possibly personal information,
such as the name of the consumer. This information along with
information about the merchant may be aggregated or collected at
the POS terminal and routed to the system or server of the present
invention or otherwise a third party affiliate of an entity
managing the system of this invention. In other embodiments when
the purchase transaction occurs over the Internet, the information
associated with the purchase transaction is collected at a server
providing an interface for conducting the Internet transaction. In
such an embodiment, the consumer enters product, payment, and
possibly personal information, such as a shipping address, into the
online interface, which is then collected by the server. The server
may then aggregate the transaction information together with
merchant information and route the transaction and merchant
information to the system of the present invention. It will be
further be understood that the information associated with the
purchase transaction may be received from any channel such as an
automated teller machine (ATM), Internet, peer-to-peer network,
POS, and/or the like.
[0029] Embodiments of the present invention address these and/or
other needs by providing an innovative system, method and computer
program product for safe resource recycler systems.
[0030] In some embodiments, a safe resource recycler system may
further comprise an entity provided provisional credit of resources
for affiliate entities. In this way, the system may provide a safe
resource for an entity that may have cash from a large deposit,
purchase, or the like and not be able to distribute the cash to the
financial institution. In this way, the system may confirm the cash
and provide the entity with a tool to give credit to the entity for
the cash they have, but have not deposited. The system thus allows
the entity to manage internal cash before the funds are in control
of the financial institution.
[0031] FIG. 1 illustrates a secure resource recycling system
environment 200, in accordance with one embodiment of the present
invention. FIG. 1 provides the system environment 200 for which the
distributive network system with specialized data feeds associated
with error diagnosis document processing. FIG. 1 provides a unique
system that includes specialized servers and system communicably
linked across a distributive network of nodes required to perform
the functions described herein.
[0032] As illustrated in FIG. 1, the entity server 208 is
operatively coupled, via a network 201 to the user device 204, ATM
205, third party servers 207, and to the resource visibility system
206. In this way, the entity server 208 can send information to and
receive information from the user device 204, ATM 205, third party
servers 207, and the resource visibility system 206. FIG. 1
illustrates only one example of an embodiment of the system
environment 200, and it will be appreciated that in other
embodiments one or more of the systems, devices, or servers may be
combined into a single system, device, or server, or be made up of
multiple systems, devices, or servers.
[0033] The network 201 may be a system specific distributive
network receiving and distributing specific network feeds and
identifying specific network associated triggers. The network 201
may also be a global area network (GAN), such as the Internet, a
wide area network (WAN), a local area network (LAN), or any other
type of network or combination of networks. The network 201 may
provide for wireline, wireless, or a combination wireline and
wireless communication between devices on the network 201.
[0034] In some embodiments, the user 202 is an individual or entity
that has one or more user devices 204 and is a customer of a
financial institution exchanging or distributing resources. In some
embodiments, the user 202 has a user device, such as a mobile
phone, tablet, computer, or the like. FIG. 1 also illustrates a
user device 204. The user device 204 may be, for example, a desktop
personal computer, business computer, business system, business
server, business network, a mobile system, such as a cellular
phone, smart phone, personal data assistant (PDA), laptop, or the
like. The user device 204 generally comprises a communication
device 212, a processing device 214, and a memory device 216. The
processing device 214 is operatively coupled to the communication
device 212 and the memory device 216. The processing device 214
uses the communication device 212 to communicate with the network
201 and other devices on the network 201, such as, but not limited
to the resource visibility system 206, the entity server 208, and
the third party sever 207. As such, the communication device 212
generally comprises a modem, server, or other device for
communicating with other devices on the network 201.
[0035] The user device 204 comprises computer-readable instructions
220 and data storage 218 stored in the memory device 216, which in
one embodiment includes the computer-readable instructions 220 of a
user application 222. In some embodiments, the user application 222
allows a user 202 to send and receive communications with the
resource visibility system 206.
[0036] As further illustrated in FIG. 1, the resource visibility
system 206 generally comprises a communication device 246, a
processing device 248, and a memory device 250. As used herein, the
term "processing device" generally includes circuitry used for
implementing the communication and/or logic functions of the
particular system. For example, a processing device may include a
digital signal processor device, a microprocessor device, and
various analog-to-digital converters, digital-to-analog converters,
and other support circuits and/or combinations of the foregoing.
Control and signal processing functions of the system are allocated
between these processing devices according to their respective
capabilities. The processing device may include functionality to
operate one or more software programs based on computer-readable
instructions thereof, which may be stored in a memory device.
[0037] The processing device 248 is operatively coupled to the
communication device 246 and the memory device 250. The processing
device 248 uses the communication device 246 to communicate with
the network 201 and other devices on the network 201, such as, but
not limited to the entity server 208, the third party server 207,
the ATM 205, and the user device 204. As such, the communication
device 246 generally comprises a modem, server, or other device for
communicating with other devices on the network 201.
[0038] As further illustrated in FIG. 1, the resource visibility
system 206 comprises computer-readable instructions 254 stored in
the memory device 250, which in one embodiment includes the
computer-readable instructions 254 of an application 258. In some
embodiments, the memory device 250 includes data storage 252 for
storing data related to the system environment 200, but not limited
to data created and/or used by the application 258.
[0039] In one embodiment of the resource visibility system 206 the
memory device 250 stores an application 258. In one embodiment of
the invention, the application 258 may associate with applications
having computer-executable program code. Furthermore, the resource
visibility system 206, using the processing device 248 codes
certain communication functions described herein. In one
embodiment, the computer-executable program code of an application
associated with the application 258 may also instruct the
processing device 248 to perform certain logic, data processing,
and data storing functions of the application. The processing
device 248 is configured to use the communication device 246 to
communicate with and ascertain data from one or more entity server
208, third party servers 207, ATM 205, and/or user device 204.
[0040] As illustrated in FIG. 1, the third party server 207 is
connected to the entity server 208, user device 204, ATM 205, and
resource visibility system 206. The third party server 207 has the
same or similar components as described above with respect to the
user device 204 and the resource visibility system 206. While only
one third party server 207 is illustrated in FIG. 1, it is
understood that multiple third party servers 207 may make up the
system environment 200. The third party server 207 may be
associated with one or more financial institutions, entities, or
the like.
[0041] As illustrated in FIG. 1, the ATM 205 is connected to the
entity server 208, user device 204, third party server 207, and
resource visibility system 206. The ATM 205 has the same or similar
components as described above with respect to the user device 204
and the resource visibility system 206. While only one ATM 205 is
illustrated in FIG. 1, it is understood that multiple ATM 205 may
make up the system environment 200.
[0042] As illustrated in FIG. 1, the entity server 208 is connected
to the third party server 207, user device 204, ATM 205, and
resource visibility system 206. The entity server 208 may be
associated with the resource visibility system 206. The entity
server 208 has the same or similar components as described above
with respect to the user device 204 and the resource visibility
system 206. While only one entity server 208 is illustrated in FIG.
1, it is understood that multiple entity server 208 may make up the
system environment 200. It is understood that the servers, systems,
and devices described herein illustrate one embodiment of the
invention. It is further understood that one or more of the
servers, systems, and devices can be combined in other embodiments
and still function in the same or similar way as the embodiments
described herein. The entity server 208 may generally include a
processing device communicably coupled to devices as a memory
device, output devices, input devices, a network interface, a power
source, one or more chips, and the like. The entity server 208 may
also include a memory device operatively coupled to the processing
device. As used herein, memory may include any computer readable
medium configured to store data, code, or other information. The
memory device may include volatile memory, such as volatile Random
Access Memory (RAM) including a cache area for the temporary
storage of data. The memory device may also include non-volatile
memory, which can be embedded and/or may be removable. The
non-volatile memory may additionally or alternatively include an
electrically erasable programmable read-only memory (EEPROM), flash
memory or the like.
[0043] The memory device may store any of a number of applications
or programs which comprise computer-executable instructions/code
executed by the processing device to implement the functions of the
entity server 208 described herein. Using the system environment
200 illustrated in FIG. 1, the invention comprises safe resource
recycling.
[0044] FIG. 2 provides a high level process map illustrating safe
resource recycling 100, in accordance with one embodiment of the
present invention. As illustrated in block 102, the process 100 is
initiated by generating a safe resource recycler network for
entities. In this way, the system provides a network of entities
that are approved for safe resource recycling. The entities may be
interconnected via a network for resource recycling entities and
directly linked to the financial institution providing the resource
recycling. The system may pre-approve the entities to be a part of
the network. The pre-approval process may include entities that are
trusted customers of the financial institution, approved customers
of the financial institution, or the like. In some embodiments, the
system, via the financial institution hosting or providing the
system, may select and offer entities to join the network. In other
embodiments, the entities may apply to the financial institution
hosting or providing the system to be authorized to join the
network.
[0045] In some embodiments, once an authorized entity is
established, the system may generate a direct communicable linkage
with each of the individual authorized entities. As such, each
communicable linkage may be private, between the system and the
individual entity and provide a direct portal for resource
recycling, account information for the entity, and the like and any
communication between the entity and a financial institution
associated with the system.
[0046] Next, as illustrated in block 104, the process 100 continues
by identifying one or more entities with resource deposits. The
system may identify the authorized entities with resource deposits
across the network. The system may identify these entities by
identifying one or more large resource distributions received at
the entity based on point-of-transaction communication networks or
the like. Furthermore, the system may be notified by the entity of
the resource distribution received at the entity. Typically, these
resource distributions may be large cash amounts received by the
entity, such as from a customer for a purchase of a product or
service at the entity. Furthermore, the cash may be provided to the
entity at a time or location where it is difficult of the entity to
provide the cash to the financial institution in a timely manner.
Thus, the entity may be storing a larger than normal amount of cash
at a physical location associated with that entity. The invention
provides security for that cash in the form of a recycling network
that accounts for and insures the cash as if it was deposited
within the financial institution for the authorized entities.
[0047] As illustrated in block 106, the process 100 continues by
identifying no deposit window available for the entity for a
pre-determined duration of time. In this way, there is no truck
coming to the entity within a given timeframe after the large
deposit received at the entity, there is no option for the entity
to deliver the resources to a financial institution within the
timeframe, or the like. In this way, the cash received for the
transaction may be after hours, off hours, weekends, or outside
standard deposit routes or scheduling for the entity. As such, the
entity may be maintaining a large amount of physical resources at
the entity location that the entity doesn't normally store.
[0048] As illustrated in block 108, the process 100 continues by
issuing a credit to the authorized entity for the resources at the
entity even though the resources are not yet deposited with the
financial institution. In this way, the entity may have access to
the resources at the financial institution via a provisional
credit. Furthermore, the system provides an insurance for the
entity by depositing the cash prior to the cash leaving the
entity.
[0049] As illustrated in block 110, the process 100 is finalized by
allowing the entity to manipulate the credit via an entity tool
without financial institution control of the resources. In this
way, the entity may still have physical possession of the cash, but
the resources may be illustrated in an account associated with the
entity in the form of a provisional credit. The entity may then
manipulate the provisional credit until the cash is provided to the
account and the provisional credit is removed.
[0050] FIG. 3 provides a detailed process flow illustrating safe
resource recycling communication 300, in accordance with one
embodiment of the present invention. As illustrated in block 302,
the process 300 is initiated by providing the users within the
authorized entity an entity tool for safe resource recycling. The
entity tool may be provided on a user's mobile device, the entity
system server, or the like. The entity tool may be an application
allowing for access to the network and system provided herein.
[0051] As illustrated in block 304, the process 300 continues by
systematically opening of the entity tool at the entity server upon
indication of resource deposit occurrence at the entity location.
In this way, the system may be connected to the entity
point-of-transaction device and identify a cash transaction
occurring and open the entity tool at the entity server. In this
way, the resource deposit occurrence may include a larger than
average cash position for the entity. This may be due to a traction
occurrence with cash or the like. Upon the larger than average cash
position occurring, the system or a user associated with and
authorized by the entity may open the entity tool.
[0052] Next, as illustrated in block 306, the process 300 continues
by receiving information about the resource deposit and confirming
a lack of deposit window availability at a financial institution to
deposit the resource deposit. In this way, the resource deposit may
include a larger than average cash position for the entity based on
a cash transaction or other physical cash received by the entity.
The cash may not be able to be delivered to a financial institution
based on truck routing, after hours, or the like. As such, the
entity may be in a position to be holding larger than average cash
deposits, in the form of a resource deposit at the entity location.
The system may receive the information about the resource deposit,
such as the amount, location, type, or the like. Furthermore, the
system may identify a lack of a financial institution deposit
window available for that time or for the near future. This may be
due to an after-hours transaction, armored vehicle routing,
logistical scheduling, or the like.
[0053] As illustrated in block 308, once the system has identified
the cash and a lack of a deposit window available for distribution
of the cash to the financial institution, the system may approve
and issue a provisional credit for the cash. In this way, the
system may provide a provisional credit in the entity's financial
institution account for the cash that the entity still has at its
physical location. As such, the provisional credit may be used and
manipulated by the entity as if it was resources deposited within
the account. Upon a deposit window opening up, the cash may be
deposited and replace the provisional credit. However, prior to
that occurrence, the system may provide the provisional credit and
provide insurance for the cash at the entity's physical
location.
[0054] As illustrated in block 310, the process 300 continues by
transmitting an approval of the provisional credit from the system
to the financial institution account associated with the entity. As
such, the entity account may illustrate a deposit of the
provisional credit within the account, even though the cash is
still associated with and at the entity location and has not been
deposited. This then allows the entity to manipulate the funds
associated with the provisional credit without the deposit of the
cash resources, as illustrated in block 312. Once the cash is
deposited, the system may replace the provisional credit with the
cash deposit and preform reconciliation of the account.
[0055] FIG. 4 provides a process map illustrating a lifecycle for
safe resource recycling 400, in accordance with one embodiment of
the present invention. As illustrated in block 805, the system
provides a provisional credit to the entity and verifies posting of
the resources at the financial institution in block 804. This
occurs when the entity creates an electronic deposit, but the cash
has not been provided to the transportation. As such the entity may
create the deposit, as illustrated in block 801, however the cash
has not been delivered or picked up, so the cash is not being
delivered in block 802 or in a vault, as illustrated in block 803.
Instead, the cash may maintain at the entity, while upon creation
of the electronic deposit, the system may provide a provisional
credit for the user based on the deposit ticket.
[0056] As illustrated, each of the entity, transportation, vault,
and financial institution have direct access to the system that
comprises a web portal, mobile access, and file transmission for
payments and receipts, information reporting and reconciliation,
and cash management of liquidity solutions.
[0057] In some embodiments, an entity resource exchange system
further comprises a system for financial institutions for
integration and for facilitation of direct resource exchange or
purchase across one or more financial institutions. In this way,
the system may establish an exchange program directly between
financial institutions to identify, trade, and digitally settle
cash between the institutions. The system leverages the existents
of settlement accounts and traditional settlement processing at the
front-end for presenting the available resources for identifying
potential matches for resource denominational exchange among
institutions.
[0058] FIG. 5 provides a process map illustrating standard resource
depositing with deposit window availability 400, in accordance with
one embodiment of the present invention. As illustrated in block
401, the process 400 is initiated by creating a store deposit. The
process 400 then continues by tracking the transportation of the
resources, as illustrated in block 402. Next, as illustrated in
block 403, the system may track the resources in the vault and
finally, verify the posting of the resource distribution as
illustrated in block 404. All of the steps of the process 400 are
transmitted to a centralized data service including a web portal,
mobile access, and file transmission for the process.
[0059] In some embodiments, a safe resource recycler system may
further comprise an entity provided provisional credit of resources
for affiliate entities. In this way, the system may provide a safe
resource for an entity that may have cash from a large deposit,
purchase, or the like and not be able to distribute the cash to the
financial institution. In this way, the system may confirm the cash
and provide the entity with a tool to give credit to the entity for
the cash they have, but have not deposited. The system thus allows
the entity to manage internal cash before the funds are in control
of the financial institution.
[0060] As illustrated in FIG. 6, entities have the ability to enter
deposits directly into the system and the ability to scan deposit
bag numbers from a mobile application that interfaces with the
system. In other embodiments, the system may link to armored
vehicles to provide information upon receipt and scan of resources
to financial institutions and along the supply chain.
[0061] In some embodiments, the system becomes the system of record
for digital deposits, real-time deposit tracking, self-service
issue resolution, administration of deposit instructions, and
completes the existing user experience to include resources and to
enhance visibility of resource flow forecast, financial institution
reconciliation and reporting.
[0062] As illustrated, each of the entity, transportation, vault,
and financial institution have direct access to the system that
comprises a web portal, mobile access, and file transmission for
payments and receipts, information reporting and reconciliation,
and cash management of liquidity solutions.
[0063] As will be appreciated by one of ordinary skill in the art,
the present invention may be embodied as an apparatus (including,
for example, a system, a machine, a device, a computer program
product, and/or the like), as a method (including, for example, a
business process, a computer-implemented process, and/or the like),
or as any combination of the foregoing. Accordingly, embodiments of
the present invention may take the form of an entirely software
embodiment (including firmware, resident software, micro-code, and
the like), an entirely hardware embodiment, or an embodiment
combining software and hardware aspects that may generally be
referred to herein as a "system." Furthermore, embodiments of the
present invention may take the form of a computer program product
that includes a computer-readable storage medium having
computer-executable program code portions stored therein. As used
herein, a processor may be "configured to" perform a certain
function in a variety of ways, including, for example, by having
one or more special-purpose circuits perform the functions by
executing one or more computer-executable program code portions
embodied in a computer-readable medium, and/or having one or more
application-specific circuits perform the function. As such, once
the software and/or hardware of the claimed invention is
implemented the computer device and application-specific circuits
associated therewith are deemed specialized computer devices
capable of improving technology associated with the in
authorization and instant integration of a new credit card to
digital wallets.
[0064] It will be understood that any suitable computer-readable
medium may be utilized. The computer-readable medium may include,
but is not limited to, a non-transitory computer-readable medium,
such as a tangible electronic, magnetic, optical, infrared,
electromagnetic, and/or semiconductor system, apparatus, and/or
device. For example, in some embodiments, the non-transitory
computer-readable medium includes a tangible medium such as a
portable computer diskette, a hard disk, a random access memory
(RAM), a read-only memory (ROM), an erasable programmable read-only
memory (EPROM or Flash memory), a compact disc read-only memory
(CD-ROM), and/or some other tangible optical and/or magnetic
storage device. In other embodiments of the present invention,
however, the computer-readable medium may be transitory, such as a
propagation signal including computer-executable program code
portions embodied therein.
[0065] It will also be understood that one or more
computer-executable program code portions for carrying out the
specialized operations of the present invention may be required on
the specialized computer include object-oriented, scripted, and/or
unscripted programming languages, such as, for example, Java, Perl,
Smalltalk, C++, SAS, SQL, Python, Objective C, and/or the like. In
some embodiments, the one or more computer-executable program code
portions for carrying out operations of embodiments of the present
invention are written in conventional procedural programming
languages, such as the "C" programming languages and/or similar
programming languages. The computer program code may alternatively
or additionally be written in one or more multi-paradigm
programming languages, such as, for example, F#.
[0066] It will further be understood that some embodiments of the
present invention are described herein with reference to flowchart
illustrations and/or block diagrams of systems, methods, and/or
computer program products. It will be understood that each block
included in the flowchart illustrations and/or block diagrams, and
combinations of blocks included in the flowchart illustrations
and/or block diagrams, may be implemented by one or more
computer-executable program code portions. These one or more
computer-executable program code portions may be provided to a
processor of a special purpose computer for the authorization and
instant integration of credit cards to a digital wallet, and/or
some other programmable data processing apparatus in order to
produce a particular machine, such that the one or more
computer-executable program code portions, which execute via the
processor of the computer and/or other programmable data processing
apparatus, create mechanisms for implementing the steps and/or
functions represented by the flowchart(s) and/or block diagram
block(s).
[0067] It will also be understood that the one or more
computer-executable program code portions may be stored in a
transitory or non-transitory computer-readable medium (e.g., a
memory, and the like) that can direct a computer and/or other
programmable data processing apparatus to function in a particular
manner, such that the computer-executable program code portions
stored in the computer-readable medium produce an article of
manufacture, including instruction mechanisms which implement the
steps and/or functions specified in the flowchart(s) and/or block
diagram block(s).
[0068] The one or more computer-executable program code portions
may also be loaded onto a computer and/or other programmable data
processing apparatus to cause a series of operational steps to be
performed on the computer and/or other programmable apparatus. In
some embodiments, this produces a computer-implemented process such
that the one or more computer-executable program code portions
which execute on the computer and/or other programmable apparatus
provide operational steps to implement the steps specified in the
flowchart(s) and/or the functions specified in the block diagram
block(s). Alternatively, computer-implemented steps may be combined
with operator and/or human-implemented steps in order to carry out
an embodiment of the present invention.
[0069] While certain exemplary embodiments have been described and
shown in the accompanying drawings, it is to be understood that
such embodiments are merely illustrative of, and not restrictive
on, the broad invention, and that this invention not be limited to
the specific constructions and arrangements shown and described,
since various other changes, combinations, omissions, modifications
and substitutions, in addition to those set forth in the above
paragraphs, are possible. Those skilled in the art will appreciate
that various adaptations and modifications of the just described
embodiments can be configured without departing from the scope and
spirit of the invention. Therefore, it is to be understood that,
within the scope of the appended claims, the invention may be
practiced other than as specifically described herein.
* * * * *