Invention Grant
- Patent Title: Cross border image exchange
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Application No.: US16733626Application Date: 2020-01-03
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Publication No.: US10937008B2Publication Date: 2021-03-02
- Inventor: James Joseph Clementi , Clarence Edward Lee, II , Michael Greig Stoll , Verlon Safold Watson, III , Melanie Woodworth , Mary Jo Stuart , Ronald E. Meharg
- Applicant: Bank of America Corporation
- Applicant Address: US NC Charlotte
- Assignee: Bank of America Corporation
- Current Assignee: Bank of America Corporation
- Current Assignee Address: US NC Charlotte
- Agent Michael A. Springs
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q20/04 ; G06Q20/38

Abstract:
In some embodiments, one or more processors receive a financial instrument via an interface. The financial instrument indicates attributes of a financial transaction. The processors determine, based on one or more of the attributes, whether the financial transaction involves a cross border exchange. If the financial transaction involves a cross border exchange, the processors flag the financial instrument accordingly, perform a currency conversion, and communicate an electronic image associated with the financial instrument to computing resources configured to complete the financial transaction electronically without having to transport a paper copy of the financial instrument between financial institutions.
Information query