Patents Examined by Joseph W King
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Patent number: 11568495Abstract: A computer-implemented method includes creating a premiums escrow, with a zero balance, for a group of policyholders and managed using a distributed ledger and self-executing agreement. At a term beginning, the self-executing agreement receives premium payments using cryptocurrency from each policyholder and allocates the premium payments to the premiums escrow. During the term the self-executing agreement receives a notification of an incident claim associated with a claimant policyholder. At a term end, the self-executing agreement receives payment instructions from the policyholders; pays, using cryptocurrency from the premiums escrow, the claimant an incident claim payment larger than the premium payment and determined according to the payment instructions; and distributes to the policyholders a rebate payment equal to or lower than the premium payment from the premiums escrow, which returns to a zero balance.Type: GrantFiled: August 19, 2020Date of Patent: January 31, 2023Inventor: Joshua Paul Davis
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Patent number: 11568391Abstract: A computer-implemented includes: authenticating a user; generating an interface configured to be displayed by a mobile device of the user; receiving a captured image from the mobile device of the user based on an activation by the user of an image capture function element displayed on the interface and a subsequent capturing of the image by the mobile device, the captured image comprising a code; determining a merchant associated with the code; receiving a selection of a product and a product purchase option associated with the determined merchant from the interface; in response to determining the merchant and receiving the product purchase option, transferring a payment for the product to the merchant from an account held by the user based on information associated with the merchant and the product purchase option; and sending, to the interface, a purchase confirmation comprising order details including the product and the product purchase option.Type: GrantFiled: January 25, 2021Date of Patent: January 31, 2023Assignee: Wells Fargo Bank, N.A.Inventors: Ashish Bhoopen Kurani, Melissa Lowry, Stephen M. Ellis
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Patent number: 11568480Abstract: Systems and methods for an autonomous marketplace system include a server that extracts borrower data including financial, operational and business data, and lender data from prospective lenders including financial data and a target profile for each prospective lender. It then generates, using artificial intelligence, an autonomous ranked match of prospective lenders. The artificial intelligence identifies relationships between the borrower data and the prospective lender data to generate the autonomous ranked match based on a preference of the borrower and a correlation between the identified relationships. Upon the borrower entering an internet based chat room, the identities of the prospective lenders are revealed. The borrower selects one or more prospective lenders to receive a finance request, and after selection by the borrower, the selected prospective lenders are first notified and informed of an existence of the finance request of the borrower.Type: GrantFiled: October 2, 2018Date of Patent: January 31, 2023Assignee: CEREBRO CAPITAL, INC.Inventors: Matthew C. Bjonerud, Kevin Dieter
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Patent number: 11562339Abstract: In one embodiment, a method includes receiving, by a payment server and from a messaging application executing on a first mobile device operated by a first user, a request to initiate a payment transaction using a payment application. The request includes a payment amount and an identifier associated with the first user. The method includes facilitating a first adjustment to a balance associated with the financial account of the first user in the data store identified based on the identifier. The method includes generating a link associated with the first adjustment and transmitting the link to the first mobile device. The method includes, upon receiving from a second user operating a messaging application, an indication that the second user has interacted with the link within the messaging application, facilitating a second adjustment of a balance of a financial account of the second user according to the payment amount.Type: GrantFiled: February 11, 2021Date of Patent: January 24, 2023Assignee: Block, Inc.Inventors: Alan Paulin, Peter Westen, Shawn Welch, Daniel Federman, Michael Gershunovsky, Ayokunle Omojola
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Patent number: 11556996Abstract: Methods, systems, apparatus, and non-transitory computer readable media are described for integrating the online purchase of a product with the purchase of an insurance policy providing coverage for the product. When a customer initiates the purchase of a product through an online retailer, various aspects include obtaining personal information for the customer, as well as product information for the product. Based upon this information, various aspects may include determining whether the customer is eligible to purchase insurance, and assessing a level of risk in providing a particular type of insurance coverage to the customer. Additionally, various aspects may further include determining an insurance quote based upon this level of risk and transmitting an offer to purchase the insurance policy to the customer. The customer may then purchase the product and insurance policy in one transaction such that binding insurance coverage for the product is provided at the time of purchase.Type: GrantFiled: November 1, 2019Date of Patent: January 17, 2023Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANYInventors: Timothy Joel Davis, Amy Engelhorn
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Patent number: 11551234Abstract: A method for managing payment submissions includes receiving, at an acquirer computing system, an authorization request submitted by a merchant computing system for a transaction of a predefined amount, the merchant computing system being associated with a merchant, and the authorization request identifying account information for an account that is associated with a payment card network and an issuer processor; and re-transmitting the authorization request for less than the predefined amount and greater than a configurable threshold value, until the authorization request is approved by the issuer processor or until the authorization request falls below the configurable threshold value.Type: GrantFiled: March 23, 2020Date of Patent: January 10, 2023Assignee: Worldpay, LLCInventor: Sunil Dixit
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Patent number: 11551310Abstract: Systems, methods, and computer-readable medium storing instructions can be used to predict insurance information. One of the methods includes obtaining information about an insured entity. The method includes providing the information to a machine learning system, the machine learning system trained to provide insurance information based on the provided information. The method includes in response to providing the information, receiving a prediction of the insurance information. The method also includes adjusting an insurance premium based on the prediction.Type: GrantFiled: June 10, 2021Date of Patent: January 10, 2023Assignee: United Services Automobile Association (USAA)Inventor: Ameer Noorani
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Patent number: 11544963Abstract: An appliance includes a body, an interface panel, a scanning device, and a controller. The interface panel is coupled to the body. The scanning device is coupled to the interface panel and is configured to conduct a facial scan and gather a facial data set. The controller is communicatively coupled to the scanning device, wherein the controller is configured to receive the facial data set and compare the facial data set to a stored verification data set. The controller is configured to activate a routine based on the comparison of the facial data set and the stored verification data set.Type: GrantFiled: October 18, 2019Date of Patent: January 3, 2023Assignee: Whirlpool CorporationInventors: Mayuresh Prashant Arankalle, Gregory A. Ferro, Ameya S. Kshirsagar
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Patent number: 11544696Abstract: The present disclosure relates to a method for conducting a transaction while in proximity of a local retail network operated by a retail point of sale comprising: a) receiving an identification signal related to one or more media identifiers associated with a media control device and from a user mobile device, wherein the user mobile device is connected to a first network; b) transmitting data to the user mobile device to render a media control interface on the user mobile device; c) receiving one or more instruction signals from the user mobile device, wherein the one or more instruction signals are related to one or more outputs of one or more media devices in proximity to the user mobile device; d) transmitting the one or more instruction signals to a media control device, such that the media control device instructs the one or more media devices to generate the one or more outputs; e) disabling a connection between the user mobile device and the media control device based upon occurrence of a pre-determiType: GrantFiled: May 20, 2021Date of Patent: January 3, 2023Assignee: NERDY BUNNY I, LLCInventors: Victor Nemirovsky, Itai Ben-Gal
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Patent number: 11538101Abstract: Apparatuses, systems, methods, and program products are disclosed. An apparatus includes a processor and a memory that stores code executable by the processor to generate a first graphical representation of a total budget based on an amount of the total budget and an expense amount of the total budget amount, generate one or more second graphical representations of categories of sub-budgets of the total budget amount based on an amount of the total budget for the category and an expense amount of the total budget amount for the category, and graphically present, on a display, the first graphical representation and the one or more second graphical representations adjacent to the first graphical representation such that the first graphical representation and the one or more second graphical representations are dynamically sized relative to one another based on the total budget amounts for each graphical representation and a size of the display.Type: GrantFiled: January 6, 2020Date of Patent: December 27, 2022Assignee: MX TECHNOLOGIES, INC.Inventor: John Ryan Caldwell
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Patent number: 11538107Abstract: A system for generating rate and payment information for a customer receives an inquiry type from a customer relating to a loan or mortgage. The system also receives a value specific to the potential loan or mortgage. In combination with a product and policy database and a pricing/fee database, relevant financial products are determined and provided to the customer. The inquiry type can include buying a property, refinancing a mortgage, improving a property, and/or using funds from a property.Type: GrantFiled: February 12, 2021Date of Patent: December 27, 2022Assignee: Wells Fargo Bank, N.A.Inventors: Christina A. Trayers, Stuart Rehfuss, Julie A. Lane, Sue Murphy, Rodney E. O'Neal, Ashwin Pinto
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Patent number: 11526942Abstract: A system and method are provided for settlement and delivery of cash settled futures contracts overlying open-ended mutual fund shares with optional delivery of mutual fund shares when physical settlement is elected. On the last date of the contract, a party which has an open position in the contract tenders the clearing organization a request to elect optional physical settlement of a specified number of shares of the mutual fund in additional to the standard cash settlement of those contracts. The clearing organization, upon acceptance and when it is certain of the requestor's final position in the futures contract, it processes the election request against the requestor's final position and possibly submits an order on behalf of the requestor to the investment company which manages the mutual fund to purchase or redeem shares of the open-ended mutual fund in a quantity roughly the size of the requestor's final contract position.Type: GrantFiled: September 2, 2021Date of Patent: December 13, 2022Assignee: NYSE Chicago, Inc.Inventor: Steven I. Givot
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Patent number: 11514490Abstract: A platform and process for electronic payment processing using electronic calendars and communications from a set of connected servers with logic code to automate machine operations relating to electronic payments. The system and process can generate alerts using fraud detection and verify payment requests using historical data and pattern recognition. The electronic calendar can be integrated into an electronic wallet application.Type: GrantFiled: July 31, 2019Date of Patent: November 29, 2022Assignee: BANK OF MONTREALInventors: Brian Chan, Kashif Arshad, Peter Hing-Cheong Poon
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Patent number: 11507956Abstract: A system for alerting a user of undesired components in purchase items is provided. The system comprises receiving a list of undesired components of purchased items, and defining an alert to a user of an undesired component in a purchased item, the alert comprising an alert timing configuration and an undesired component identification. The system further comprises receiving a notice that the user purchased an item, determining whether a listing of the purchased item has been automatically collected, and generating a list of components of the purchased item when the purchased item listing has been automatically collected, and obtaining from the user the list of components of the purchased item when the purchased item listing has not been automatically collected. The system further determines whether the purchased item contains an undesired component, and upon determining that the purchased item contains art undesired component, sends the alert to the user.Type: GrantFiled: May 11, 2020Date of Patent: November 22, 2022Assignee: Capital One Services, LLCInventors: Joshua Edwards, Latika Gulati, Rajko Ilincic
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Patent number: 11508004Abstract: According to some embodiments, apparatus and methods are provided. A connector attachment includes a housing, wherein the connector attachment is selectively connectable to a mobile device; and a first token stored within the connector attachment, wherein the first token is operative to execute a transaction with a second token. Numerous other aspects are provided.Type: GrantFiled: June 1, 2020Date of Patent: November 22, 2022Assignee: MASTERCARD INTERNATIONAL INCORPORATEDInventors: Paul Michael Musser, Sandeep Malhotra, David Colby Brown
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Patent number: 11501308Abstract: A method for facilitating data security for transaction data includes receiving, by a first transaction processing server, a transaction message for a transaction. The transaction message includes a plurality of data elements indicative of the transaction data of the transaction. The first transaction processing server identifies a set of data elements of the plurality of data elements that is to be in a state of compliance with a set of rules. The first transaction processing server modifies a first data element of the plurality of data elements to include a bitmap mapped to the set of data elements. The first transaction processing server communicates the transaction message having the modified first data element to a second transaction processing server for processing the transaction. The second transaction processing server identifies the set of data elements that is to be in the state of compliance based on the first data element.Type: GrantFiled: January 12, 2021Date of Patent: November 15, 2022Assignee: MASTERCARD INTERNATIONAL INCORPORATEDInventors: Raju Kumar Gupta, Sagar Rajendra Tadalgi, Sadaf Patel
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Patent number: 11501303Abstract: A fraud detection platform may receive transaction data relating to a transaction conducted by a user with a transaction card. The fraud detection platform may receive, from a biometric sensor of the transaction card, biometric data relating to one or more biometric characteristics of the user during the transaction. The fraud detection platform may receive, from an accelerometer of the transaction card, card movement data relating to a measure of shaking of the transaction card by the user during the transaction. The fraud detection platform may process the transaction data, the biometric data, and the card movement data, with a fraud detection model, to determine a fraud score associated with the transaction. The fraud detection platform may perform one or more actions based on the fraud score.Type: GrantFiled: July 29, 2020Date of Patent: November 15, 2022Assignee: Capital One Services, LLCInventors: Molly Johnson, Adam Vukich, James Zarakas
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Patent number: 11501287Abstract: A method for registering and activating accounts includes: transmitting a first input from a user regarding opening an account at a financial institution; establishing a communication session based on exchanging encryption keys between the user device and the financial computing system; displaying a graphical user interface (GUI) comprising a request for a user verification; transmitting a received user verification to the financial computing system; updating the GUI to display a request to establish a personal identification number (PIN) for a physical payment card associated with the account; receiving the PIN from the user; transmitting a second input comprising the PIN and a request to provision the account to the user device; receiving a payment token associated with the account before the physical payment card associated with the account of the financial computing system is received by the user; and, storing the payment token for transactions via the user device.Type: GrantFiled: April 26, 2021Date of Patent: November 15, 2022Assignee: Wells Fargo Bank, N.A.Inventors: Ashish B. Kurani, Jenny Y. Tao, Katherine M. Yee
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Patent number: 11488253Abstract: A computer system for determining personalized loss event valuations is provided. The computer system includes one processor in communication with at least one memory device, and the at least one processor is programmed to: (i) receive user data from the user computer device, wherein the user data include data related to a user's personal information and personal property, (ii) utilize a trained machine learning model to determine a first loss valuation associated with a first loss event based at least in part upon the user data, (iii) utilize the trained machine learning model to determine a second loss valuation associated with a second loss event based at least in part upon the user data, wherein the first loss event and the second loss event are different loss events, and/or (iv) generate a loss event policy that includes the first loss valuation and the second loss valuation.Type: GrantFiled: May 26, 2020Date of Patent: November 1, 2022Assignee: BlueOwl, LLCInventor: Kenneth Jason Sanchez
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Patent number: 11488172Abstract: Embodiments can provide a computer implemented method for simulating transaction data using a reinforcement learning model including an intelligent agent, a policy engine, and an environment, the method including: providing standard customer transaction data representing a group of customers having similar transaction characteristics as a goal; and performing a plurality of iterations to simulate the standard customer transaction data, wherein the plurality of iterations is performed until a degree of similarity of simulated customer transaction data relative to the standard customer transaction data is higher than a first predefined threshold.Type: GrantFiled: November 5, 2019Date of Patent: November 1, 2022Assignee: INTERNATIONAL BUSINESS MACHINES CORPORATIONInventors: Brandon Harris, Eugene I. Kelton, Chaz Vollmer