US 12,169,812 B2
Digital check disbursement using digital chip and distributed ledger methods
Benjamin D. Moores, Ventura, CA (US); Maharaj Mukherjee, Poughkeepsie, NY (US); and George Albero, Charlotte, NC (US)
Assigned to Bank of America Corporation, Charlotte, NC (US)
Filed by Bank of America Corporation, Charlotte, NC (US)
Filed on Sep. 19, 2023, as Appl. No. 18/369,994.
Application 18/369,994 is a continuation of application No. 17/717,561, filed on Apr. 11, 2022, granted, now 11,797,954.
Prior Publication US 2024/0013167 A1, Jan. 11, 2024
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/00 (2023.01); G06Q 20/04 (2012.01)
CPC G06Q 20/0425 (2013.01) 20 Claims
OG exemplary drawing
 
1. A computing platform for performing a blockchain, biometric, and digital chip based method for uploading a digital image of a check and securely disbursing portions of the check to multiple parties, the computing platform comprising:
at least one processor;
a communication interface communicatively coupled to the at least one processor;
a biometric retina scanner; and
memory storing computer-readable instructions that, when executed by the at least one processor, cause the computing platform to:
receive a first digital check image, the first digital check image including an initial payor, a first recipient, and an amount of funds;
store, in a distributed ledger, the initial payor, the first recipient, and the amount of funds, wherein storing the initial payor, the first recipient, and the amount of funds in the distributed ledger comprises:
communicating with a distributed ledger host platform to validate the first digital check image, and
based on validating the first digital check image, creating an initial block in a new chain of the distributed ledger;
receive, from a first user device associated with the first recipient, a request to transfer a first portion of the funds, the first portion of the funds being a portion of the amount of the funds of the first digital check image, to an account of a second recipient and a second portion of the funds, the second portion of the funds being a portion of the amount of funds of the first digital check image, to an account of a third recipient, wherein the first recipient, the second recipient, and the third recipient are unique individuals;
generate a second digital check image representative of the first portion of the funds, wherein the second digital check image includes a watermark indicating a value of the first portion of the funds, wherein generating the second digital check image includes redacting personal identifiable information (PII) from the first digital check image;
generate a third digital check image representative of the second portion of the funds, wherein the third digital check image includes a watermark indicating a value of the second portion of the funds, wherein generating the third digital check image includes redacting PII from the second digital check image;
validate the second digital check image and the third digital check image;
based on successful validation of the second digital check image and the third digital check image, embed, into the second digital check image and the third digital check image, a digital chip that indicates the successful validation and store information of the second digital check image and the third digital check image to the distributed ledger;
send, to the account of the second recipient and the account of the third recipient, the second digital check image and the third digital check image respectively;
receive a request to deposit the second digital check image, wherein receiving the request to deposit the second digital check image includes receiving an endorsement of the second digital check image by the second recipient, and wherein the endorsement comprises results of a retina scan by the biometric retina scanner;
in response to receiving the request to deposit the second digital check image, send one or more commands to an event processing server directing the event processing server to execute a transfer of the first portion of the funds from an account of the initial payor of the first digital check image to the account of the second recipient, wherein sending the one or more commands to the event processing server directing the event processing server to execute the transfer of the first portion of the funds from the account of the initial payor of the first digital check image to the account of the second recipient causes the event processing server to execute the transfer of the first portion of the funds from the account of the initial payor of the first digital check image to the account of the second recipient; and
record, in the distributed ledger, the transfer of the first portion of the funds from the account of the initial payor of the first digital check image to the account of the second recipient.