Light mesh over watch enabled customer authentication and fraud prevention technology
AssigneeBank of America Corporation
InventorSaurabh Gupta
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AssigneeBank of America Corporation
InventorSaurabh Gupta
Estimating the term…
An interactive light mesh over a smartwatch that operates as a customer authenticator and fraud detector, and its method of use, are provided. The interactive light mesh may comprise muti-colored nodes representing smartwatches and automatic teller machines (“ATMs”) located within a threshold distance from the interactive light mesh. The interactive light mesh may display data elements from smartwatches and ATMs. The interactive light mesh may display communications with financial institutions associated with each smartwatch and ATM. Each financial institution may transmit an approval request to a device associated with each smartwatch or ATM. Each device may receive a request to approve each transaction. Each device may approve the request, and the approval may be transmitted to each financial institution. Each financial institution may transmit an approval notification to the smartwatch. Upon receipt of an approval notification for each smartwatch or ATM, the smartwatch may transmit the captured data elements and the transaction amount for each smartwatch or ATM and payee data to a processor for transaction processing. The interactive light mesh may display transaction approvals, denials, and questionable transactions.
An interactive light mesh over a smartwatch used for authentication of smartwatch-based transactions comprising multi-colored nodes, said interactive light mesh comprising:
Dependencies are inferred from the claim text.