Patents Assigned to Island Intellectual Property LLC
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Patent number: 11610260Abstract: The present invention generally relates to computer systems, methods and program products for allocation of client funds in a sweep product using segregated aggregated deposit accounts. The present invention also generally relates to computer systems, methods, and program products for the tracking of ownership in federally insured accounts with more than one ownership interest.Type: GrantFiled: November 25, 2020Date of Patent: March 21, 2023Assignee: ISLAND INTELLECTUAL PROPERTY LLCInventor: Bruce R. Bent, II
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Patent number: 11367138Abstract: A method, system, and program product, the method comprising: (1) aggregated account information FDIC aggregated deposit accounts held in a plurality of banks; (2) client account information: (1) obtaining a client available deposit amount, Di; (2) determining, a bank number tier, Ti, for the client account, from among a plurality of tiers based, at least in part, on a level of funds associated with the respective client or relative to tier ranges, wherein each tier has a number of banks associated therewith or a function for computing the number of banks associated therewith; (3) allocating the client available deposit amount, Di, across a number of banks, NT, equal to the number associated electronically with the tier, Ti; and generating data to transfer funds to or from one or more of the banks.Type: GrantFiled: December 16, 2019Date of Patent: June 21, 2022Assignee: ISLAND INTELLECTUAL PROPERTY LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 10832317Abstract: Systems, methods, and program products for providing secure authentication for electronic messages are disclosed. A method may comprise generating an asymmetric private key based at least in part upon an invariant biometric feature vector derived from an input biometric reading. The private key may be further based at least in part upon a user password. The resulting private key may not be stored but rather may be generated when required to authenticate an electronic message, at which time it may be used to provide a digital signature for the electronic message. The private key may be deleted after use. The private key may be regenerated by inputting both a new instance of the biometric reading as well as a new instance of the password.Type: GrantFiled: December 20, 2018Date of Patent: November 10, 2020Assignee: Island Intellectual Property, LLCInventors: Bruce R. Bent, II, Charles R. Buarque de Macedo
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Patent number: 10623182Abstract: Systems, methods, and program products for providing secure authentication for electronic messages are disclosed. A method may comprise generating an asymmetric private key based at least in part upon an invariant biometric feature vector derived from an input biometric reading. The private key may be further based at least in part upon a user password. The resulting private key may not be stored but rather may be generated when required to authenticate an electronic message, at which time it may be used to provide a digital signature for the electronic message. The private key may be deleted after use. The private key may be regenerated by inputting both a new instance of the biometric reading as well as a new instance of the password.Type: GrantFiled: August 30, 2016Date of Patent: April 14, 2020Assignee: Island Intellectual Property, LLCInventors: Bruce R. Bent, II, Charles R. Buarque de Macedo
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Patent number: 10552910Abstract: A method, system, and program product, the method comprising: (1) aggregated account information FDIC aggregated deposit accounts held in a plurality of banks; (2) client account information: (1) obtaining a client available deposit amount, Di; (2) determining, a bank number tier, Ti, for the client account, from among a plurality of tiers based, at least in part, on a level of funds associated with the respective client or relative to tier ranges, wherein each tier has a number of banks associated therewith or a function for computing the number of banks associated therewith; (3) allocating the client available deposit amount, Di, across a number of banks, NT, equal to the number associated electronically with the tier, Ti; and generating data to transfer funds to or from one or more of the banks.Type: GrantFiled: January 23, 2017Date of Patent: February 4, 2020Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 10134035Abstract: Systems, methods, and program products for providing secure authentication for electronic messages are disclosed. A method may comprise generating an asymmetric private key based at least in part upon an invariant biometric feature vector derived from an input biometric reading. The private key may be further based at least in part upon a user password. The resulting private key may not be stored but rather may be generated when required to authenticate an electronic message, at which time it may be used to provide a digital signature for the electronic message. The private key may be deleted after use. The private key may be regenerated by inputting both a new instance of the biometric reading as well as a new instance of the password.Type: GrantFiled: August 30, 2016Date of Patent: November 20, 2018Assignee: ISLAND INTELLECTUAL PROPERTY, LLCInventors: Bruce R. Bent, II, Charles R. Buarque de Macedo
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Patent number: 10068294Abstract: A method, system and program product, the method in one embodiment comprising: A method, comprising: accessing databases comprising: client information for each of a plurality of respective clients, comprising a balance of funds of the client; a distribution percent value, Xi, for tranches; information for each of multiple government backed-insured aggregated time deposit instruments holding a tranche of client funds, comprising: a rate; an identification of the depository institution; a term; and determining a given client available distribution amount, Di; determining an amount of a client tranche to be deposited in each of Ni depository institutions based at least in part on the percentage, Xi, in order that the client tranches are approximately equal and are insured; determining Ni depository institutions to distribute the client tranches; allocating substantially equally respective client tranches to the Ni depository institutions; generating data for instructions to transfer the respective client tranchType: GrantFiled: May 2, 2014Date of Patent: September 4, 2018Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 9965750Abstract: Systems, methods, and program products for performing cash sweep transactions with customer control are disclosed. A deposit sweep computer system may determine first allocations of funds for a plurality of customers. The system may determine for a first subset of the customers that their funds are allocated to respective different depository institutions than previously used for the respective customer. The system may generate and transmit to client devices associated with the first subset of customers machine-readable instructions to render respective destination institution management graphical user interfaces providing an indication of the respective different depository institutions along with accept options and reject options. The system may receive one or more selections of accept options or reject options. The system may then determine and execute second allocations based at least in part upon the first allocations and the one or more selections of the reject options.Type: GrantFiled: October 20, 2017Date of Patent: May 8, 2018Assignee: ISLAND INTELLECTUAL PROPERTY, LLCInventors: Bruce R. Bent, II, Charles R. Buarque de Macedo
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Patent number: 9946997Abstract: Computer system, computer-implemented method, and program product for managing transactions that include administering clients' deposits to and withdrawals from client transaction accounts; determining a client available deposit amount, Di, determining, for Di, a value of Ni banks for the respective client transaction account, wherein Ni is a whole number and (X) times (Ni) is equal to or less than 100, where X is a distribution percent value to be distributed to each of the Ni banks; allocating, the percentage, X, multiplied by the client deposit amount, Di, calculating, for the banks a respective net deposit amount; generating instructions to transfer funds; and updating.Type: GrantFiled: May 23, 2017Date of Patent: April 17, 2018Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 9904914Abstract: Systems, methods, and program products for performing cash sweep transactions with customer control are disclosed. A deposit sweep computer system may determine first allocations of funds for a plurality of customers. The system may determine for a first subset of the customers that their funds are allocated to respective different depository institutions than previously used for the respective customer. The system may generate and transmit to client devices associated with the first subset of customers machine-readable instructions to render respective destination institution management graphical user interfaces providing an indication of the respective different depository institutions along with accept options and reject options. The system may receive one or more selections of accept options or reject options. The system may then determine and execute second allocations based at least in part upon the first allocations and the one or more selections of the reject options.Type: GrantFiled: September 7, 2017Date of Patent: February 27, 2018Assignee: ISLAND INTELLECTUAL PROPERTY, LLCInventors: Bruce R. Bent, II, Charles R. Buarque de Macedo
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Patent number: 9811811Abstract: Computer system, computer-implemented method, and program product for managing transaction comprising: administering clients' deposits to and withdrawals from client transaction accounts; determining a client available deposit amount, Di, determining, for Di, a value of Ni banks for the respective client transaction account, wherein Ni is a whole number and (X) times (Ni) is equal to or less than 100, where X is a distribution percent value to be distributed to each of the Ni banks; allocating, the percentage, X, multiplied by the client deposit amount, Di, calculating, for the banks a respective net deposit amount; generating instructions to transfer funds; and updating.Type: GrantFiled: March 15, 2013Date of Patent: November 7, 2017Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 9805344Abstract: Systems, methods, and program products for performing cash sweep transactions with customer control are disclosed. A deposit sweep computer system may determine first allocations of funds for a plurality of customers. The system may determine for a first subset of the customers that their funds are allocated to respective different depository institutions than previously used for the respective customer. The system may generate and transmit to client devices associated with the first subset of customers machine-readable instructions to render respective destination institution management graphical user interfaces providing an indication of the respective different depository institutions along with accept options and reject options. The system may receive one or more selections of accept options or reject options. The system may then determine and execute second allocations based at least in part upon the first allocations and the one or more selections of the reject options.Type: GrantFiled: November 5, 2015Date of Patent: October 31, 2017Assignee: ISLAND INTELLECTUAL PROPERTY, LLCInventors: Bruce R. Bent, II, Charles R. Buarque de Macedo
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Patent number: 9607335Abstract: A method, system, and program product, the method comprising: (1) aggregated account information FDIC aggregated deposit accounts held in a plurality of banks; (2) client account information: (1) obtaining a client available deposit amount, Di; (2) determining, a bank number tier, Ti, for the client account, from among a plurality of tiers based, at least in part, on a level of funds associated with the respective client or relative to tier ranges, wherein each tier has a number of banks associated therewith or a function for computing the number of banks associated therewith; (3) allocating the client available deposit amount, Di, across a number of banks, NT, equal to the number associated electronically with the tier, Ti; and generating data to transfer funds to or from one or more of the banks.Type: GrantFiled: August 19, 2016Date of Patent: March 28, 2017Assignee: ISLAND INTELLECTUAL PROPERTY, LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 9569773Abstract: Systems, methods, and program products for providing secure authentication for electronic messages are disclosed. A method may comprise generating an asymmetric private key based at least in part upon an invariant biometric feature vector derived from an input biometric reading. The private key may be further based at least in part upon a user password. The resulting private key may not be stored but rather may be generated when required to authenticate an electronic message, at which time it may be used to provide a digital signature for the electronic message. The private key may be deleted after use. The private key may be regenerated by inputting both a new instance of the biometric reading as well as a new instance of the password.Type: GrantFiled: May 4, 2016Date of Patent: February 14, 2017Assignee: ISLAND INTELLECTUAL PROPERTY, LLCInventors: Bruce R. Bent, II, Charles R. Buarque de Macedo
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Patent number: 9483762Abstract: Systems, methods, and program products for providing secure authentication for electronic messages are disclosed. A method may comprise generating an asymmetric private key based at least in part upon an invariant biometric feature vector derived from an input biometric reading. The private key may be further based at least in part upon a user password. The resulting private key may not be stored but rather may be generated when required to authenticate an electronic message, at which time it may be used to provide a digital signature for the electronic message. The private key may be deleted after use. The private key may be regenerated by inputting both a new instance of the biometric reading as well as a new instance of the password.Type: GrantFiled: May 13, 2016Date of Patent: November 1, 2016Assignee: ISLAND INTELLECTUAL PROPERTY, LLCInventors: Bruce R. Bent, II, Charles R. Buarque de Macedo
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Patent number: 9374370Abstract: Systems, methods, and program products for providing secure authentication for electronic messages are disclosed. A method may comprise generating an asymmetric private key based at least in part upon an invariant biometric feature vector derived from an input biometric reading. The private key may be further based at least in part upon a user password. The resulting private key may not be stored but rather may be generated when required to authenticate an electronic message, at which time it may be used to provide a digital signature for the electronic message. The private key may be deleted after use. The private key may be regenerated by inputting both a new instance of the biometric reading as well as a new instance of the password.Type: GrantFiled: November 5, 2015Date of Patent: June 21, 2016Assignee: ISLAND INTELLECTUAL PROPERTY, LLCInventors: Bruce R. Bent, II, Charles R. Buarque de Macedo
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Patent number: 8781931Abstract: A computer system, computer-implemented method, and program product for managing a plurality of client transaction accounts associated with a plurality of respective clients for a plurality of transactions, the system comprising: one or more configured to perform the steps: administering clients' deposits/transfers to and withdrawals/transfers from client transaction accounts; performing the following steps for each client transaction account, i, of a plurality of client transaction accounts: determining a client available deposit amount, Di, comprising funds to be distributed over Ni respective banks in the program; determining, for Di, a value of Ni banks for the respective client transaction account, wherein Ni is a whole number and (X) times (Ni) is equal to or less than 100, where X is a distribution percent value to be distributed to each of the Ni banks; allocating, the percentage, X, multiplied by the respective client available deposit amount, Di, calculating, for each bank of a plurality of the bankType: GrantFiled: December 15, 2009Date of Patent: July 15, 2014Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 8719157Abstract: A method, system and program product for operating an exchange method for municipal and/or state funds from banking institutions, comprising: accessing, one or more electronic databases holding data on client transaction accounts and funds in aggregated accounts and banking institutions holding Federal government securities; obtaining transaction data; generating instructions to deposit/transfer funds to or withdraw/transfer funds; receiving data for a first deposit from a first one of the banking institutions, where the first deposit comprises municipal funds and/or state funds; selecting, at least another of the banking institutions holding government securities to receive at least a portion of the first deposit of municipal funds and/or state funds; selecting, a plurality of client transaction accounts from one or more of the other banking institutions for the transfer of funds to the first banking institution; generating instructions to deposit/transfer funds.Type: GrantFiled: December 14, 2012Date of Patent: May 6, 2014Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Arthur T. Bent, III
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Patent number: 8719062Abstract: A method, system and program product, the method in one embodiment comprising: A method, comprising: accessing databases comprising: client information for each of a plurality of respective clients, comprising a balance of funds of the client; a distribution percent value, Xi, for tranches; information for each of multiple government backed-insured aggregated time deposit instruments holding a tranche of client funds, comprising: a rate; an identification of the depository institution; a term; and determining a given client available distribution amount, Di; determining an amount of a client tranche to be deposited in each of Ni depository institutions based at least in part on the percentage, Xi, in order that the client tranches are approximately equal and are insured; determining Ni depository institutions to distribute the client tranches; allocating substantially equally respective client tranches to the Ni depository institutions; generating data for instructions to transfer the respective client tranchType: GrantFiled: March 15, 2013Date of Patent: May 6, 2014Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 8712911Abstract: A method, system and program product for operating an exchange method for municipal and/or state funds from banking institutions, comprising: accessing, one or more electronic databases holding data on client transaction accounts and funds in aggregated accounts and banking institutions holding Federal government securities; obtaining transaction data; generating instructions to deposit/transfer funds to or withdraw/transfer funds; receiving data for a first deposit from a first one of the banking institutions, where the first deposit comprises municipal funds and/or state funds; selecting, at least another of the banking institutions holding government securities to receive at least a portion of the first deposit of municipal funds and/or state funds; selecting, a plurality of client transaction accounts from one or more of the other banking institutions for the transfer of funds to the first banking institution; generating instructions to deposit/transfer funds.Type: GrantFiled: March 15, 2013Date of Patent: April 29, 2014Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Arthur T. Bent, III