18160154. ENROLLMENT AND CONTEXT BASED TRANSFER INSTRUMENT AUGMENTATION simplified abstract (Truist Bank)
Contents
ENROLLMENT AND CONTEXT BASED TRANSFER INSTRUMENT AUGMENTATION
Organization Name
Inventor(s)
Christopher Jon Kuiper of Douglasville GA (US)
James Raleigh Weaver of Atlanta GA (US)
Ejaz Ahmed Syed of Morrisville NC (US)
ENROLLMENT AND CONTEXT BASED TRANSFER INSTRUMENT AUGMENTATION - A simplified explanation of the abstract
This abstract first appeared for US patent application 18160154 titled 'ENROLLMENT AND CONTEXT BASED TRANSFER INSTRUMENT AUGMENTATION
The patent application describes systems and methods for creating and enhancing digital instruments used for electronic transfers. These instruments are converted into a digital format and then augmented with electronic enhancements in the form of metadata or layered optically perceptible data that can be verified or modified. These enhancements are integrated into the digital instrument before it is sent to a third party for transfer execution.
- The system converts traditional instruments into a digital format.
- Electronic augmentations in the form of metadata or layered optically perceptible data are added to the digital instruments.
- The enhancements can be verified or edited.
- The augmented digital instruments are transmitted to a third party for transfer execution.
Potential Applications: - Digital banking and financial transactions - Electronic contracts and agreements - Secure document transfers
Problems Solved: - Enhancing the security and verification of digital instruments - Streamlining electronic transfer processes - Facilitating the transition from traditional to digital instruments
Benefits: - Increased security and verification of electronic transfers - Improved efficiency in transferring digital instruments - Enhanced user experience in electronic transactions
Commercial Applications: Title: "Enhancing Digital Instruments for Secure Electronic Transfers" This technology can be utilized in digital banking platforms, online payment systems, and electronic document management services. It has the potential to improve security measures and streamline transfer processes in various industries.
Prior Art: Prior art related to this technology may include patents or research on digital signatures, electronic document verification, and secure data transmission protocols.
Frequently Updated Research: Research on advancements in digital security measures, electronic verification technologies, and data encryption methods may be relevant to this technology.
Questions about Digital Instruments for Electronic Transfers: 1. How does the system ensure the authenticity of the electronic augmentations added to the digital instruments? 2. What are the potential implications of using layered optically perceptible data for enhancing digital instruments in terms of security and verification?
Original Abstract Submitted
Disclosed are systems and methods for generating and augmenting digital instruments that implement electronic transfers. The system converts instruments to a digital format and applies electronic augmentations in the form of metadata or layered optically perceptible data that can be verified or edited. The electronic augmentations are integrated with the digital instrument prior to transmitting the instrument to a third party to initiate transfer execution.
