US Patent Issued to Bank of America on Aug. 26 for "Artificial intelligence-based system for authenticating a resource exchange event based on geolocation of a carded or wearable device" (North Carolina, Ohio, Rhode Island Inventors)

ALEXANDRIA, Va., Aug. 26 -- United States Patent no. 12,402,008, issued on Aug. 26, was assigned to Bank of America Corp. (Charlotte, N.C.).

"Artificial intelligence-based system for authenticating a resource exchange event based on geolocation of a carded or wearable device" was invented by Robert Nyeland Huggins (Charlotte, N.C.), Katherine Kei-Zen Dintenfass (Lincoln, R.I.) and Karen Lea MacQueen (Lyndhurst, Ohio).

According to the abstract* released by the U.S. Patent & Trademark Office: "Resource exchange event authentication predicated on user location that is determined from short-range wireless signals transmitted from a card or wearable device in possession of the user. Artificial Intelligence (AI), including Machine Learning (ML...