Patent ID: 11907937
Assignee: BANK OF AMERICA CORPORATION
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 14:
15. A computer-implemented method for digital resource exchange mitigation, 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:
identifying a digital resource exchange;
accessing an onboarding platform of the digital resource exchange and create an entity controlled presence on the digital resource exchange, wherein the entity controlled presence includes a digital resource account or digital resource wallet;
logging data entry fields during creation of the entity controlled presence and store the required information for creating the entity controlled presence;
funding the entity controlled presence on the digital resource exchange with resources from an account associated with the entity, wherein the funding occurs for one or more available payment channels offered by the digital resource exchange, and wherein the resources comprise traditional resources transacted over ACH, wire, real-time payment, or debit channels;
reversing the funding from the entity controlled presence on the digital resource exchange to the account associated with the entity for each of the one or more available transaction channels;
extracting, via an entity-based backend processor, information about the digital resource exchange based on the funding and reversing performed, the required information for creating the entity controlled presence, and one or more services or digital resources supported by the digital resource exchange;
storing extracted information as one or more digital resource exchange identifiers;
for receiving transaction data and transaction metadata for one or more entity user resource accounts, wherein the resources accounts contain the resources;
cross referencing the transaction data or transaction metadata with the digital resource exchange identifiers collected via the ACH, wire, real-time payment, or debit channels;
based on a match between the transaction data or transaction metadata and the digital resource exchange identifiers, tagging the one or more entity user resource accounts or specific transactions of the one or more entity user resource accounts as transacting with the digital resource exchange; and
based on tagged entity user resource accounts or tagged specific transactions, initiating a decisioning step for transactions between the one or more entity user resource accounts and the digital resource exchange.