Patents by Inventor Mark D. Zanzot
Mark D. Zanzot has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Publication number: 20190251555Abstract: Embodiments of the invention are directed to a system, method, or computer program product for block chain based distributed ledger system for standby guarantee resource applications, submissions, and approvals for party visualization. In this way, the invention provides automation of standby guarantee resource utilizing block chain distributed ledger technology to provide full transactional transparency to all parties, enforcement of configurable rules terms, enforcement of contractual terms, routing expedition, data integration, and authentication.Type: ApplicationFiled: November 6, 2018Publication date: August 15, 2019Applicant: BANK OF AMERICA CORPORATIONInventors: Ann Elizabeth Flaherty McCormick, Nirmalya Banerjee, David James McGinness, Elizabeth Anne Prudden, Deepak Mysore Shamarao, Robin Elizabeth Tooker, Mark D. Zanzot, Colin Zeglen
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Publication number: 20190251556Abstract: Embodiments of the invention are directed to a system, method, or computer program product for onboarding members to a block chain based distributed ledger system for standby guarantee resources applications, submissions, and approvals for party visualization. In this way, the invention provides automation of standby guarantee resources utilizing block chain distributed ledger technology to provide full transactional transparency to all parties, enforcement of configurable rules terms, and enforcement of contractual terms, routing expedition, data integration, and authentication.Type: ApplicationFiled: November 6, 2018Publication date: August 15, 2019Applicant: BANK OF AMERICA CORPORATIONInventors: Ann Elizabeth Flaherty McCormick, Nirmalya Banerjee, David James McGinness, Elizabeth Anne Prudden, Deepak Mysore Shamarao, Robin Elizabeth Tooker, Mark D. Zanzot, Colin Zeglen
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Patent number: 9595036Abstract: In general terms, embodiments of the present invention relate to methods and apparatuses for providing a service for exceeding account thresholds via a mobile device. For example, in some embodiments, a method is provided that includes: (a) receiving transaction information associated with a transaction, where the transaction involves an account, a transaction machine, and a holder of the account; (b) determining, based at least partially on the transaction information, that the account will incur an excess threshold amount as a result of the transaction; (c) prompting the holder to consent to the excess threshold amount via the mobile device, where the holder is associated with the mobile device; (d) receiving the holder's consent to the excess threshold amount; and (e) authorizing the transaction based at least partially on the receiving the holder's consent.Type: GrantFiled: March 15, 2013Date of Patent: March 14, 2017Assignee: Bank of America CorporationInventors: Tamara S. Kingston, John Franklin Tuders, Ross Matthew Feldman, Marc Lance Warshawsky, Erik Stephen Ross, Elbert Lee Whitler, Mark D. Zanzot, Ketil Bjugan, Scott Mastbrook, William Sydney Ivey, Mark Allan Nelson, Brenda Lisbeth Smyth, Doris Maria Garrett, Jonathan H. Tucker, Catherine Stokes Pullen, Paul Ronald DeKoster
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Patent number: 9595035Abstract: In general terms, embodiments of the present invention relate to methods and apparatuses for providing a service for exceeding account thresholds via a transaction machine. For example, in some embodiments, a method is provided that includes: (a) receiving transaction information associated with a transaction, where the transaction involves an account, a transaction machine, and a holder of the account; (b) determining, based at least partially on the transaction information, that the account will incur an exceeded threshold as a result of the transaction; (c) prompting, via the transaction machine, the holder to consent to the exceeded threshold; (d) receiving the holder's consent to the exceeded threshold; and (e) authorizing the transaction based at least partially on the receiving the holder's consent.Type: GrantFiled: March 15, 2013Date of Patent: March 14, 2017Assignee: Bank of America CorporationInventors: Tamara S. Kingston, John Franklin Tuders, Ross Matthew Feldman, Marc Lance Warshawsky, Erik Stephen Ross, Elbert Lee Whitler, Mark D. Zanzot, Ketil Bjugan, Scott Mastbrook, William Sydney Ivey, Mark Allan Nelson, Brenda Lisbeth Smyth, Doris Maria Garrett, Jonathan H. Tucker, Catherine Stokes Pullen, Paul Ronald DeKoster
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Patent number: 9204298Abstract: In an exemplary embodiment, a system includes a memory operable to store a user account identifier associated with a user account and a mobile device identifier associated with a mobile device. The memory is also operable to store a first user credential and a second user credential, the second user credential, wherein the second user credential comprises user input data captured by a sensor. The system includes a network interface operable to receive a request to authenticate a requesting user. The system also includes a processor operable to determine information included in the request to facilitate authentication of the requesting user and whether the information included in the request matches the information associated with the user account. The processor is further operable to authenticate the requesting user if the request is associated with the user account and information included in the request matches the information associated with the user account.Type: GrantFiled: September 13, 2011Date of Patent: December 1, 2015Assignee: Bank of America CorporationInventors: David T. Frew, Mark D. Zanzot, Tony England, Lisa Gibson
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Patent number: 9111269Abstract: According to some embodiments, a transaction device for performing a transaction between a customer and a merchant comprises an account selection engine and a communication link. The account selection engine operable to receive information identifying at least one characteristic of a proposed transaction, identify a plurality of accounts associated with the customer, and select a first account from among the plurality of accounts based on the at least one characteristic. The communication link is operable to transmit identification of the first account to a point of sale interface of a transaction device, the point of sale interface operable to transmit a transaction request to a point of sale receiver associated with the merchant, the transaction request comprising an account number associated with the first account.Type: GrantFiled: September 23, 2011Date of Patent: August 18, 2015Assignee: Bank of America CorporationInventors: James G. Ronca, Mark D. Zanzot, Christopher R. Griggs, Lisa Gibson
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Patent number: 9105020Abstract: According to some embodiments, a transaction processing system for evaluating transactions between a customer and a merchant comprises a transaction tracker, an account selection engine, and a performance module. The transaction tracker is operable to identify a transaction executed by a customer using a transaction device, the transaction device being operable to execute a transaction with a point of sale receiver associated with the merchant by providing an account number for a first account of the plurality of accounts. The account selection engine is operable to receive information identifying at least one characteristic of the transaction and select a recommended account based on the at least one characteristic. The performance module is operable to compare the first account with the recommended account to determine whether the customer would have received a financial benefit by executing the transaction using the recommended account instead of the first account.Type: GrantFiled: September 23, 2011Date of Patent: August 11, 2015Assignee: Bank of America CorporationInventors: James G. Ronca, Mark D. Zanzot, Christopher R. Griggs, Lisa Gibson
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Publication number: 20140279506Abstract: Embodiments of the invention are directed to systems, methods and computer program products for making a mobile payment via a transfer network. In some embodiments, a first apparatus is configured to: receive readable indicia from a second apparatus; enable a user to input payment information, wherein the payment information comprises at least one of a payee, a payment amount, or a payment source; transmit the readable indicia and the payment information to a third apparatus.Type: ApplicationFiled: March 14, 2013Publication date: September 18, 2014Applicant: Bank of America CorporationInventors: Eileen D. Bridges, Lisa Gibson, James G. Ronca, Mark D. Zanzot, Susan Smith Thomas
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Publication number: 20140279483Abstract: Embodiments of the invention are directed to systems, methods and computer program products for making a payment via a transfer network. In some embodiments, a first apparatus is configured to: receive readable indicia and payment information from a second apparatus, wherein the payment information comprises an amount of funds; identify an account associated with the readable indicia based on searching a database of records; process the payment information, wherein processing the payment information comprises transmitting to the identified account the determined amount of funds; transmit an acknowledgement of payment transfer to a third apparatus associated with the identified account.Type: ApplicationFiled: March 14, 2013Publication date: September 18, 2014Applicant: Bank of America CorporationInventors: Eileen D. Bridges, Lisa Gibson, James G. Ronca, Mark D. Zanzot, Susan Smith Thomas
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Patent number: 8676706Abstract: Embodiments of the invention relate to systems, methods, and computer program products for maintaining an updated check register in connection with an online banking account of a payor that tracks pending check payments using check imaging technology. Some embodiments of the present invention provide a computer-implemented method including the following steps: receiving an image of at least a portion of a paper check, wherein the portion comprises an indication of an amount of money to be drawn on a financial account, processing the image to determine the amount, identifying the financial account, and recording the amount in connection with the financial account, wherein the recording step occurs prior to receiving any indication that the check has been presented for payment. In addition, the method may also include making the financial account with an indication of the pending payment available to be viewed by the payor.Type: GrantFiled: July 30, 2010Date of Patent: March 18, 2014Assignee: Bank of America CorporationInventors: Alicia C. Jones, Zhongmin Agarwal, Mark D. Zanzot
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Patent number: 8616444Abstract: A system for authorizing a financial transaction includes a processor operable to execute an application on a wireless communications device that is communicatively coupled to a data stripe through a wired connection, receive a request to authorize a financial transaction involving a financial account associated with account data, access authorization criteria for determining whether to authorize the financial transaction, apply the authorization criteria to the financial transaction, generate an authorization code based on the application of the authorization criteria to the financial transaction, and communicate the authorization code.Type: GrantFiled: September 19, 2011Date of Patent: December 31, 2013Assignee: Bank of America CorporationInventors: Mark D. Zanzot, Tony England, Christopher R. Griggs
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Patent number: 8606706Abstract: Systems, methods, and computer program products are provided for conducting comprehensive payment processing of all payment requests regardless of the payment request channel. Payment requests are transformed from the initial format to a standardized format, which allows for the occurrence of further comprehensive payment processing, referred to herein as payment hub processing. Once the payment request has undergone necessary payment hub processing, the request undergoes further transformation/conversion from the standardized format to a target clearing format. In one embodiment of the invention, the processing hub provides for determining the clearing or remittance channel based on payment routing rules, which may take into account cost, time, risk and any other payment factors.Type: GrantFiled: April 30, 2009Date of Patent: December 10, 2013Assignee: Bank of America CorporationInventors: Mark D. Zanzot, Garrett C. Briggs, Eric Dryer, Anthony B. Calderone, William Earl Thomas, II, Philip Tobin, David Todd Frew, Kerry Cantley
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Patent number: 8606705Abstract: Systems, methods, and computer program products are provided for managing the processing of a financial payment and, more specifically managing the processing of a financial payment in a comprehensive payment hub environment that provides for payment processing, including payment route determination, irrespective of the payment input channel. In accordance with embodiments herein disclosed, managing the processing of the payment includes automatically determining the payment processes and automatically determining the arrangement of the payment processes. As such, the methods, systems, and computer program products herein described provide for an efficient and cost-effective approach to processing payments.Type: GrantFiled: April 30, 2009Date of Patent: December 10, 2013Assignee: Bank of America CorporationInventors: Mark D. Zanzot, Garrett C. Briggs, Eric Dryer, Anthony B. Calderone, William Earl Thomas, II, Philip Tobin, David Todd Frew, Kerry Cantley
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Patent number: 8433288Abstract: In an exemplary embodiment, a system includes a memory operable to store a user account identifier associated with a user account and store a mobile device identifier associated with a mobile device. The memory is also operable to store a first user credential and store a second user credential, the second user credential, wherein the second user credential comprises a peripheral device identifier. The system includes a network interface operable to receive a request to authenticate a requesting user. The system also includes a processor operable to determine information included in the request to facilitate authentication of the requesting user and whether the information included in the request matches the information associated with the user account. The processor is further operable to authenticate the requesting user if the request is associated with the user account and information included in the request matches the information associated with the user account.Type: GrantFiled: September 13, 2011Date of Patent: April 30, 2013Assignee: Bank of America CorporationInventors: David T. Frew, Mark D. Zanzot, Tony England, Lisa Gibson
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Patent number: 8430308Abstract: A system for authorizing a financial transaction includes a processor operable to execute an application on a wireless communications device, communicate wirelessly with a data stripe through a security enabled wireless communications protocol, receive a request to authorize a financial transaction involving a financial account associated with account data, access authorization criteria for determining whether to authorize the financial transaction, apply the authorization criteria to the financial transaction, generate an authorization code based on the application of the authorization criteria to the financial transaction, and communicate the authorization code.Type: GrantFiled: September 19, 2011Date of Patent: April 30, 2013Assignee: Bank of America CorporationInventors: Mark D. Zanzot, Tony England, Christopher R. Griggs
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Publication number: 20130080275Abstract: According to some embodiments, a transaction device for performing a transaction between a customer and a merchant comprises a transaction module and a point of sale interface. The transaction module is operable to identify a first account and obtain an obfuscated account number, the obfuscated account number being a temporary-use number associated with a permanent account number of the first account. The point of sale interface is operable to transmit a transaction request to a point of sale receiver associated with the merchant, the transaction request comprising the obfuscated account number.Type: ApplicationFiled: September 23, 2011Publication date: March 28, 2013Applicant: Bank of America CorporationInventors: James G. Ronca, Mark D. Zanzot, Christopher R. Griggs, Lisa Gibson
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Publication number: 20130080272Abstract: According to some embodiments, a transaction device for performing a transaction between a customer and a merchant comprises a transaction module and a point of sale interface. The transaction module is operable to receive, from the customer, a selection of a first account from among a plurality of accounts, wherein the selection of the first account is received from the customer when the customer is located at a facility associated with the merchant. The transaction module also obtains an account number associated with the first account, each account of the plurality of accounts being associated with an account number. The point of sale interface is operable to transmit a transaction request to a point of sale receiver associated with the merchant, the transaction request comprising the account number associated with the first account.Type: ApplicationFiled: September 23, 2011Publication date: March 28, 2013Applicant: Bank of America CorporationInventors: James G. Ronca, Mark D. Zanzot, Christopher R. Griggs, Lisa Gibson
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Publication number: 20130080270Abstract: According to some embodiments, a transaction device for performing a transaction between a customer and a merchant comprises an account selection engine and a communication link. The account selection engine operable to receive information identifying at least one characteristic of a proposed transaction, identify a plurality of accounts associated with the customer, and select a first account from among the plurality of accounts based on the at least one characteristic. The communication link is operable to transmit identification of the first account to a point of sale interface of a transaction device, the point of sale interface operable to transmit a transaction request to a point of sale receiver associated with the merchant, the transaction request comprising an account number associated with the first account.Type: ApplicationFiled: September 23, 2011Publication date: March 28, 2013Applicant: Bank of America CorporationInventors: James G. Ronca, Mark D. Zanzot, Christopher R. Griggs, Lisa Gibson
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Publication number: 20130080271Abstract: According to some embodiments, a transaction processing system for evaluating transactions between a customer and a merchant comprises a transaction tracker, an account selection engine, and a performance module. The transaction tracker is operable to identify a transaction executed by a customer using a transaction device, the transaction device being operable to execute a transaction with a point of sale receiver associated with the merchant by providing an account number for a first account of the plurality of accounts. The account selection engine is operable to receive information identifying at least one characteristic of the transaction and select a recommended account based on the at least one characteristic. The performance module is operable to compare the first account with the recommended account to determine whether the customer would have received a financial benefit by executing the transaction using the recommended account instead of the first account.Type: ApplicationFiled: September 23, 2011Publication date: March 28, 2013Applicant: Bank of America CorporationInventors: James G. Ronca, Mark D. Zanzot, Christopher R. Griggs, Lisa Gibson
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Publication number: 20130068836Abstract: A system for authorizing a financial transaction includes a processor operable to execute an application on a wireless communications device, communicate wirelessly with a data stripe through a security enabled wireless communications protocol, receive a request to authorize a financial transaction involving a financial account associated with account data, access authorization criteria for determining whether to authorize the financial transaction, apply the authorization criteria to the financial transaction, generate an authorization code based on the application of the authorization criteria to the financial transaction, and communicate the authorization code.Type: ApplicationFiled: September 19, 2011Publication date: March 21, 2013Applicant: Bank of America CorporationInventors: Mark D. Zanzot, Tony England, Christopher R. Griggs