Robert M Shiflet

US Patent:

20120109802, May 3, 2012

Filed:

Feb 28, 2011

Appl. No.:

13/036926

Inventors:

Maura Louise Griffin - Atlanta GA, US
Mary Palmer Harman - Darien CT, US
Robert Shiflet - Kennett Square PA, US
Teresa Hegdahl Stigler - San Francisco CA, US
Donna Dee Turner - Huntersville NC, US

Assignee:

BANK OF AMERICA CORPORATION - Charlotte NC

International Classification:

G06Q 40/00

US Classification:

705 35

Abstract:

Embodiments of the present invention relate to systems, apparatus, methods and computer program products for integrated risk management. More specifically, embodiments of the present invention provide for identity verification based, at least in part, on comparing transaction data received from multiple financial institutions to data associated with a current financial transactions, such as type of transaction, transaction amount or the like. The transaction data provides for basing identity verification on how a customer, a counterparty or both previously transacted, in that transaction patterns can be identified to understanding who the transacting customer or counterparty is. In additional embodiments the identity verification may be based, at least in part on other data, such as financial institution relationship data, non-financial institution transaction and/or relationship data, customer/counterparty data or the like.