US 2020/0402053 A1 · PRE-AUTHORIZED SECURE RESOURCE ALLOCATION SYSTEM

Abstract

An interaction and resource exchange system that provides authentication for a designated user to complete an interaction entered into by an initiating user. An initiating user is able to enter into interactions with third-parties and set one or more interaction limits and/or designated user requirements to allow a designated user to complete the interaction with the third-party should interaction limits and/or designated user requirements be met. The interaction limits and/or the designated user requirements allow for improved security related to these types of interactions and resource exchanges. In particular, the interaction and resource exchange may be implemented through a real-time resource exchange network that efficiently allows for the designated user to complete the interaction.

Claims20

Dependent claims

A resource interaction and exchange system, the system comprising:

one or more memory components having computer readable code stored thereon;
and
one or more processing components operatively coupled to the one or more memory components, wherein the one or more processing components are configured to execute the computer readable code to:
identify an interaction between an initiating user and a third-party;
identify a designated user is completing the interaction with the third-party;
verify one or more interaction limits for the interaction;
verify one or more designed user requirements for the interaction for the designated user;
allow the interaction when the one or more interaction limits and the one or more designated user requirements are met;
deny the interaction when at least one of the one or more interaction limits or the one or more designated user requirements fail to be met;
and
reconcile the interaction when the interaction is allowed by transferring resources of the initiating user to the third-party.

8 more elements

A computer implemented method for a resource interaction and exchange system, the method comprising:

identifying, by one or more processing components, an interaction between an initiating user and a third-party;
identifying, by the one or more processing components, a designated user is completing the interaction with the third-party;
verifying, by the one or more processing components, one or more interaction limits for the interaction;
verifying, by the one or more processing components, one or more designed user requirements for the interaction for the designated user;
allowing, by the one or more processing components, the interaction when the one or more interaction limits and the one or more designated user requirements are met;
denying, by the one or more processing components, the interaction when at least one of the one or more interaction limits or the one or more designated user requirements fail to be met;
and
reconciling, by the one or more processing components, the interaction when the interaction is allowed by transferring resources of the initiating user to the third-party.

5 more elements

Dependencies are inferred from the claim text.

Pre-authorized secure resource allocation system

Life of this patent

Pre-authorized secure resource allocation system

Life of this patent

Abstract

Claims20