Encrypted tagging system for protection of network-based resource transfers
AssigneeBank of America Corporation
InventorsSusan R. Hart, Lisa Matthews
Life of this patent
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Abstract
Embodiments of the invention are directed to systems, methods, and computer program products for protection of network-based resource transfers via the use of encrypted tags. As such, the system allows for generation of unique encrypted tags which encode authorization parameters for denominations of electronic resources. The system may then authorize or deny requested network-based transfers by utilizing a decryption module to access the authorization parameters for a specific electronic resource denomination. Furthermore, the system may manipulate the encrypted tags to alter the authorization parameters or to track an electronic resource denomination across multiple network-based transfers.
Claims18
A system for protection of network-based resource transfers, 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:
- generate an encrypted tag associated with a denomination of electronic resources, wherein the encrypted tag indicates criteria for acceptable use of the denomination of electronic resources, wherein the criteria include one or more authorization parameters set by a managing entity;
- receiving, from a managing entity, a notification of an unauthorized network-based resource transfer;
- identifying an encrypted tag associated with an electronic resource amount used in the unauthorized transfer and execute a remedial action, wherein the remedial action comprises creating a new electronic resource of an equivalent value of an identified electronic resource, setting a value of the identified electronic resource equal to zero, and transmitting a notification to the managing entity to deposit the new electronic resource into a user account;
- and
- edit the criteria for acceptable use of the denomination of resources, wherein editing the criteria comprises changing one or more authorization parameters in response to a notification from the managing entity.
A computer program product for protection of network-based resource transfers with 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 generating an encrypted tag associated with a denomination of electronic resources, wherein the encrypted tag indicates criteria for acceptable use of the denomination of electronic resources, wherein the criteria include one or more authorization parameters set by a managing entity;
- an executable portion configured for receiving, from a managing entity, a notification of an unauthorized network-based resource transfer;
- an executable portion configured for identifying an encrypted tag associated with an electronic resource amount used in the unauthorized transfer and execute a remedial action, wherein the remedial action comprises creating a new electronic resource of an equivalent value of an identified electronic resource, setting a value of the identified electronic resource equal to zero, and transmitting a notification to the managing entity to deposit the new electronic resource into a user account;
- and
- an executable portion configured for editing the criteria for acceptable use of the denomination of resources, wherein editing the criteria comprises changing one or more authorization parameters in response to a notification from the managing entity.
A computer-implemented method for protection of network-based resource transfers, 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:
- generating an encrypted tag associated with a denomination of electronic resources, wherein the encrypted tag indicates criteria for acceptable use of the denomination of electronic resources, wherein the criteria include one or more authorization parameters set by a managing entity;
- receiving, from a managing entity, a notification of an unauthorized network-based resource transfer;
- identifying an encrypted tag associated with an electronic resource amount used in the unauthorized transfer and execute a remedial action, wherein the remedial action comprises creating a new electronic resource of an equivalent value of an identified electronic resource, setting a value of the identified electronic resource equal to zero, and transmitting a notification to the managing entity to deposit the new electronic resource into a user account;
- and
- editing the criteria for acceptable use of the denomination of resources, wherein editing the criteria comprises changing one or more authorization parameters in response to a notification from the managing entity.
Dependencies are inferred from the claim text.