Bank of America grant share with digitalization as a theme is 55% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: System for dynamic data encryption in an active network session (Patent ID: US20230419329A1)

The patent filed by Bank of America Corp. describes a system, computer program product, and method for dynamic data encryption in an active network session. The invention involves initiating an active network session with a user input device, receiving a resource transfer request from a user, triggering a dynamic data encryption engine, generating a digital identifier for the request, executing the request using the identifier, displaying a notification to the user, and terminating the session. The system includes a storage device and processor to perform these functions.

The claims detail additional features such as receiving a DDE registration request, prompting for user information, authenticating users, and transferring resource parameters like network session identifier, user information, merchant details, resources, and payment information. The digital identifier is unique to each request and can be decrypted to extract different portions of resource parameters for merchant resource transfer and payment reconciliation. The computer program product and method mirror the system's functions, emphasizing the dynamic data encryption process in an active network session and the secure transfer of resources and payment information.

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