Patents Examined by Clifford Madamba
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Patent number: 7720763Abstract: A supplemental financial transaction processing system operates in conjunction with one or more primary financial services systems for purposes of providing supplemental financial transaction processing services to users of the primary financial services system. The supplemental financial transaction processing system comprises a secure web services system and a supplemental transaction server. The secure web services system comprises at least one financial transaction method available to the primary financial services system. Upon receipt of a method call for a financial transaction, the supplemental financial transaction processing system: i) associates a unique redirect URL to the method call; and ii) returns the unique redirect URL to the primary financial services system. The primary financial services system may then pass the unique redirect URL through a secure connection with its client.Type: GrantFiled: December 6, 2007Date of Patent: May 18, 2010Assignee: Bottomline Technologies (de), Inc.Inventors: Eric Campbell, Maris N Lemanis
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Patent number: 7716108Abstract: An information technology services providing company manages a portfolio of software applications for a client company. A plurality of the applications are preselected along with a recommendation for each. The recommendations have value drivers with parameters. Values for the parameters are received from the client as responses to questions or through collaboration with the client. A business value is then determined for the value drivers using the parameter values. Total cash flow, return on investment, net present value, internal rate of return, or other financial measures may be calculated. The client decides to proceed with the recommendations and the services providing company delivers services and software according to the recommendations.Type: GrantFiled: June 12, 2008Date of Patent: May 11, 2010Assignee: International Business Machines CorporationInventors: Jeremy A. Chiappetta, Jonathan M. Cohn, Marcelo C. Magalhaes
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Patent number: 7711639Abstract: A method for pre-funding is disclosed. The method includes sending a plurality of pre-fund authorization requests to a buyer financial institution, and then receiving a plurality of responses to the pre-fund authorization requests from the buyer financial institution, where each response either accepts or declines a pre-fund authorization request. A funds transfer request is sent to the buyer financial institution, where the funds transfer request corresponds to a total value of the accepted pre-fund authorization requests. Notification that funds have transferred from the buyer financial institution in response to the funds transfer request is received. Then, the sending of the funds to a supplier financial institution is authorized.Type: GrantFiled: January 12, 2005Date of Patent: May 4, 2010Assignee: Visa InternationalInventors: William Reid, Keiron G. Lynch, Craig Swackhammer, M. Kathrina Novak, L. Ted Martinez, John M. Bryant
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Patent number: 7698195Abstract: Users of a simulator gain skills for investing using a simulator. The simulator simulates a business system that conducts a market transaction. The simulator selects a set of factors from a plurality of sets; selects a current factor from the selected set; and determines a price in accordance with the current factor. The simulator further updates a financial position of the user of the simulator in response to a transaction; and performs the transaction in accordance with the price and an input from the user. The input from the user corresponds in content to an input to the business system. Consequently, the user develops skill in specifying market transactions to be conducted by reviewing changes in the user's financial position. The simulator may include a simulated competitor having a financial position affected by transactions according to a strategy of the competitor selected from a set of stored strategies.Type: GrantFiled: April 22, 2004Date of Patent: April 13, 2010Assignee: Cashflow Technologies, Inc.Inventor: Otmar Schlunk
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Patent number: 7689508Abstract: Providing for a mobile communication device (MCD) credit account and credit transactions by way of such an MCD is described herein. As an example, a credit account sponsored by a financial or commercial entity can be associated with a unique ID of an MCD. The MCD can interface with another electronic device and initiate credit transactions, such as commercial purchases, credit transfers, currency conversions, and the like, via the interface. Further, rules provided by the sponsoring entity can guide such transactions, enforcing credit limits, for instance. A management component can then synchronize transactions conducted by the device with a server of a financial institution over a remote communication interface, such as the Internet or a cellular/mobile communication network. Accordingly, a mobile device can replace a traditional credit card in transacting credit business.Type: GrantFiled: November 20, 2007Date of Patent: March 30, 2010Assignee: Wells Fargo Bank N.A.Inventors: Martin Davis, Michael Thomas Duke
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Patent number: 7685063Abstract: A system for managing a credit profile for a customer having a fleet of leased vehicles, the system comprising: (a) a client computer; (b) a server in communication with the client computer; and (c) a database in communication with the server, the database being configured to store a plurality of customer credit profiles, each customer credit profile comprising a credit limit for a customer and a leased vehicle limit for a customer, the credit limit corresponding to a maximum amount of monetary credit that has been authorized for extension to the customer, the leased vehicle limit corresponding to a maximum number of leased vehicles that are authorized for the customer's leased vehicle fleet; and wherein the server is configured to (1) provide a plurality of GUIs for display on the client computer, wherein at least one of the GUIs is configured to submit a request for a change to a customer's credit profile in response to user input, at least one of the GUIs is configured to display at least a portion of theType: GrantFiled: March 25, 2005Date of Patent: March 23, 2010Assignee: The Crawford Group, Inc.Inventors: Jeff D. Schuchardt, Mark E. McDaris
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Patent number: 7676434Abstract: A system and methods for processing payment requests submitted by a payer through a single user interface. The system obtains a merchant identification and a processing platform associated with each payee. The system receives at least one payment request from the payer. Payment instructions are generated based on each payment request received from the payer. The system routes each of the payment instructions to an acquirer processor for authorization to be processed as a credit card transaction.Type: GrantFiled: January 17, 2008Date of Patent: March 9, 2010Assignee: Bora Payment Systems, LLCInventor: Steven D. Evans
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Patent number: 7676408Abstract: The present invention relates to a system and methods by which the risk associated with a new opportunity or new or ongoing relationship may be assessed. An example of such new opportunity or new relationship for which the present invention may be used to assess the risk is that concerning a potential new customer of a financial institution. The risk assessment of the present invention may be used to assess whether a new customer should be taken on as a customer and, if so, to what extent should the possible full range of account benefits be provided to the new customer. Other applications include assessing risk regarding a candidate for employment, assessing casualty loss and/or repayment risk in the insurance industry, and assessing risk in a landlord tenant relationship to determine whether or not to rent to the prospective tenant and if so, the amount of the security deposit.Type: GrantFiled: September 10, 2004Date of Patent: March 9, 2010Assignee: Moebs Services, Inc.Inventors: G. Michael Moebs, Kenneth A. Williams
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Patent number: 7672891Abstract: An information technology services providing company manages a portfolio of software applications for a client company. A plurality of the applications are preselected along with a recommendation for each. The recommendations have value drivers with parameters. Values for the parameters are received from the client as responses to questions or through collaboration with the client. A business value is then determined for the value drivers using the parameter values. Total cash flow, return on investment, net present value, internal rate of return, or other financial measures may be calculated. The client decides to proceed with the recommendations and the services providing company delivers services and software according to the recommendations.Type: GrantFiled: June 3, 2008Date of Patent: March 2, 2010Assignee: International Business Machines CorporationInventors: Jeremy A. Chiappetta, Jonathan M. Cohn, Marcelo C. Magalhaes
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Patent number: 7644020Abstract: The invention relates to both a method and a computer system that are designed to provide a bid positioning system using a computerized bid proxy. The bid proxy takes instructions from the bidder and then bids based upon these instructions. Using a bid positioning system allows this bidder to place its bids in relation to a lead bid placed by another bidder in an auction based upon either a nominal or percentage distance from the lead bid. In a preferred embodiment, this computerized bid proxy is used in a shipment management system. This system allows a shipper to present at least one shipping requirement for a particular shipment to a centralized server. These shipping requirements could include the origin and destination of a shipment, the time or delivery date of a shipment, the number of articles being shipped, and the weight or volume of the shipment.Type: GrantFiled: November 23, 2004Date of Patent: January 5, 2010Assignee: Manhattan Associates, Inc.Inventors: Gregg Borgeson, Robert Gordon Wilson
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Patent number: 7630927Abstract: An anonymous and secure on-line payment system and method based on the partially blind signature cryptographic method with revocable anonymity. To this end, an Anonymity Server (SA) enables the Customer (C) to acquire on-line anonymous payment means on the basis of a protocol that does not enable the Anonymity Server to link the payment means to the Customer (C). The Payment Server (SdP) comprises means for opening an anonymous account using the anonymous payment means (50). A Customer (C) can make an on-line purchase from a Merchant Site (SM) without having to give a bank card number and remaining anonymous to the merchant and more generally to any entity present in the transaction or absent therefrom. However, this anonymity may be revoked by a trusted entity in the event of fraud on the Customer. Finally, a Customer can make payments when on the move.Type: GrantFiled: May 17, 2005Date of Patent: December 8, 2009Assignee: France TelecomInventors: Sébastien Canard, Eric Malville, Jacques Traore, Bruno Cosnefroy, Sidonie Caron
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Patent number: 7620595Abstract: A system, method, and computer program product is used to associate an account template representing the distributees and/or accounts having an ownership interest, entitlement or right to a portion of a cash flow or asset interest stream. The account template is applied to an electronic record of a payment representing a cash flow stream. The template may be rapidly and quickly exchanged for a new template or updated responsive to changes in the attributes of the cash flow stream or to events in the environment of the cash flow stream.Type: GrantFiled: June 17, 2005Date of Patent: November 17, 2009Assignee: Federal Home Loan Mortgage CorporationInventors: James O. Holt, Ann Wood Rihn, Daniel Lee Williams, Mi Jee Song, Walter Caetano D'Andrade
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Patent number: 7617141Abstract: An information technology services providing company manages a portfolio of software applications for a client company. A plurality of the applications are preselected along with a recommendation for each. The recommendations have value drivers with parameters. Values for the parameters are received from the client as responses to questions or through collaboration with the client. A business value is then determined for the value drivers using the parameter values. Total cash flow, return on investment, net present value, internal rate of return, or other financial measures may be calculated. The client decides to proceed with the recommendations and the services providing company delivers services and software according to the recommendations.Type: GrantFiled: May 8, 2003Date of Patent: November 10, 2009Assignee: International Business Machines CorporationInventors: Jeremy A. Chiappetta, Jonathan M. Cohn, Marcelo C. Magalhaes
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Patent number: 7606766Abstract: A method of operating a computer system includes storing attributes of a buying organization, vendors, invoices and/or line-item details from invoices in one or more databases. Rules are established for selecting settlement options for the invoices. The rules are applied such that the computer system selects a first one of the settlement options to settle a first one of the invoices rendered by one of the vendors, and the computer system selects a second one of the settlement options to settle a second one of the invoices rendered by that vendor.Type: GrantFiled: December 21, 2006Date of Patent: October 20, 2009Assignee: American Express Travel Related Services Company, Inc.Inventors: Matthew V. Anderson, Greg A. Laufer, Jeffrey R. Dye
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Patent number: 7565313Abstract: In a preferred embodiment, the invention comprises a computer-implemented system and method of managing market information across a network of data providers, comprising the steps of: (a) electronically receiving first data including confidential information regarding market participants in a first system that protects said first data behind a firewall; (b) electronically receiving second data including confidential information regarding market participants in a second system that protects said second data behind a firewall; (c) electronically receiving an order and targeting parameters from a first market participant; (d) electronically issuing an advertisement request message to said first system and said second system, said advertisement message comprising display attributes of said order and comprising said targeting parameters; (e) electronically prompting said first system and said second system via the advertisement request message to each send a coordination request message to a Coordination Hub, saidType: GrantFiled: December 5, 2002Date of Patent: July 21, 2009Assignee: Pipeline Financial Group, Inc.Inventors: Henri Waelbroeck, Fred J. Federspiel, John E. Lopez
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Patent number: 7533057Abstract: A method that comprises acquiring a home mortgage loan having a loan asset and a servicing asset and compensating a servicer that performs servicing of the loan during a term of the loan. The compensation provided to the servicer does not decrease through time during the term of the loan.Type: GrantFiled: April 11, 2007Date of Patent: May 12, 2009Assignee: Fannie MaeInventors: F. Scott Whipple, Timothy M. McLuckie
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Patent number: 7483853Abstract: A procurement system for procuring a plurality of subjects, comprises a storage, a relation processor, a determining processor, and a bidding processor. The storage is configured to store information on a price, a function, and a quantity of each of the subjects. The relation processor is configured to obtain a relation between prices and functions of the subjects, based on the information stored in the storage. The determining processor is configured to determine a priority, for at least one of the subjects each of whose price is higher than a reference value which corresponds to the function of the each subject. The priority is obtained from the relation obtained by the relation processor. Further, the priority is determined based on the quantity of the each subject stored in the storage and a divergence between the price and the reference value of the each subject.Type: GrantFiled: October 22, 2002Date of Patent: January 27, 2009Assignee: Kabushiki Kaisha ToshibaInventors: Kiyoshi Yamashita, Yoshimi Akai, Mutsuo Innami