首页|Patent Issued for Authentication framework for real-time document processing (US PTO 11928661)
Patent Issued for Authentication framework for real-time document processing (US PTO 11928661)
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By a News Reporter-Staff News Editor at Robotics & Machine Learning Daily News Daily News-A patent by the inventors England, Ton y (Tega Cay, SC, US), Selfridge, Stephen Philip (Huntersville, NC, US), filed on November 12, 2021, was published online on March 12, 2024, according to news re porting originating from Alexandria, Virginia, by NewsRx correspondents. Patent number 11928661 is assigned to Bank of America Corporation (Charlotte, No rth Carolina, United States). The following quote was obtained by the news editors from the background informa tion supplied by the inventors: "In recent years, processing a payment instrumen t has become more efficient by eliminating the need to physically deposit the ch eck at the financial institution and reducing the delay by turning a paper check into an electronic check. As payment instrument processing times have reduced, authentication requirements for the user have increased. "There is a need for a system for an authentication framework for real-time paym ent instrument processing." In addition to the background information obtained for this patent, NewsRx journ alists also obtained the inventors' summary information for this patent: "The fo llowing presents a simplified summary of one or more embodiments of the present invention, in order to provide a basic understanding of such embodiments. This s ummary is not an extensive overview of all contemplated embodiments, and is inte nded to neither identify key or critical elements of all embodiments nor delinea te the scope of any or all embodiments. Its sole purpose is to present some conc epts of one or more embodiments of the present invention in a simplified form as a prelude to the more detailed description that is presented later.
Bank of America CorporationBusinessE merging TechnologiesFinancial CompaniesInvestment and FinanceMachine Learn ingMoney Center BanksOptical Character Recognition