Patents Examined by Ojo O. Oyebisi
  • Patent number: 8671000
    Abstract: Arrangement and method for providing content to multimedia devices, in particular mobile multimedia devices, wherein a content portal provides content to the devices in a form requiring a rights object to enable use thereof, a rights object portal provides rights objects to the devices and advertisements which are associated with the rights objects are also provided. Upon receipt of the rights object with an associated advertisement, the user is exposed to the advertisement in conjunction with use of the content.
    Type: Grant
    Filed: April 17, 2008
    Date of Patent: March 11, 2014
    Assignee: Apple Inc.
    Inventor: Janne Aaltonen
  • Patent number: 8666866
    Abstract: A method and a system is disclosed for creating and managing financial instruments, which may be designed to increase the risk-adjusted return of investment portfolios and other collections of assets and/or liabilities. A computer may be used to access databases containing asset information, liability information, counterparty information, metric information, and swap agreement information. Swap information may be received including first counterparty information and first metric information comprising a future cash flow that is at least partially determined by a randomly selected outcome of returns from one or more defined time periods. A first swap agreement may then be executed. A metric value for the first metric information may be determined and cashflows value to be paid and/or received may be calculated. The calculated cashflows value may be exchanged.
    Type: Grant
    Filed: May 16, 2013
    Date of Patent: March 4, 2014
    Inventor: Marc M. Groz
  • Patent number: 8660926
    Abstract: A system for transferring a customer's account information from one account to a new account is described. The system utilizes a switch kit application and associated system that can determine services at the old account and facilitate the transfer of these services to the new account.
    Type: Grant
    Filed: January 31, 2013
    Date of Patent: February 25, 2014
    Assignee: JPMorgan Chase Bank, N.A.
    Inventors: Nathan P. Wehunt, Jeanne Blair, Scott A. Lux, Jeffrey Gradwohl, Steven J. Dickinson, Helen Boyles, Christian M. Houssiere, Audra K. Stoll, Tara L. Jacobson, Gregory L. Cunningham
  • Patent number: 8655769
    Abstract: A method and system for improving stock exchange equity trade order acknowledgment times including a network appliance (“trade accelerator”) in the sub-network of the trading platforms, having a specialized network flow processor with associated micro-code and a host processor running specialized software. Specialized network appliance software sensitive to trading protocols for communicating between trading platforms and exchange servers detects latency variations in trade order acknowledgments at the exchange and recommends to subscribing trading platforms a least latency trade order path.
    Type: Grant
    Filed: June 7, 2012
    Date of Patent: February 18, 2014
    Assignee: Cape City Command, LLC
    Inventors: James Cooke, Sridhar Rao, John Robison, Ron Bauman
  • Patent number: 8655770
    Abstract: An open-ended fund, such as an ETF, holds fixed-income securities and has a liquidation date. An order management system receives buy orders from a plurality of investors for purchasing shares of the fund receives and sell orders from a plurality of investors for selling shares of the fund. A fund management information system determines a yield for each investor based on the shares of the fund purchased by the investor and the fixed-income securities held by the fund at the time that the shares were purchased. The fund management information system also determines a plurality of distribution payments and a final liquidation payment for each investor so that the distribution payments and the final liquidation payment provide the yield determined for the investor when the investor purchased shares of the fund. This enables investors to use the fund in a bond laddering strategy.
    Type: Grant
    Filed: April 18, 2013
    Date of Patent: February 18, 2014
    Assignee: BlackRock Fund Advisors
    Inventors: Matthew Tucker, Stephen A. Laipply
  • Patent number: 8645241
    Abstract: Methods, systems, and media for processing and clearing a check are disclosed. Embodiments include hardware and/or software for generating an e-check in response to receipt of a paper check, by which a merchant performs the manual data entry for the merchant, the merchant's bank, the Federal Reserve Bank, and the purchaser's bank clearing procedures. The paper check is electronically scanned at the point of sale (POS) terminal to create a check object (the ‘e-check’) that contains the binary data of the check information, a scanned image of the paper check, and identification data from the purchaser. Then, the check object is submitted to the check writer's, or purchaser's bank, for automated clearing without having to process the physical document any further.
    Type: Grant
    Filed: December 11, 2003
    Date of Patent: February 4, 2014
    Assignee: Toshiba Global Commerce Solutions Holding Corporation
    Inventors: Herman Rodriguez, Newton James Smith, Clifford Jay Spinac
  • Patent number: 8635143
    Abstract: An exemplary embodiment of one aspect of the present invention provides a method of determining a penetration opportunity of a selected drug into a physician market. The method includes correlating data on laboratory tests ordered by a physician with data on drug prescriptions ordered by the physician. The method also includes determining a penetration opportunity of a selected drug based on the correlated data.
    Type: Grant
    Filed: January 18, 2002
    Date of Patent: January 21, 2014
    Assignee: Quest Diagnostics Incorporated
    Inventors: T. Ashok Shenoy, Niall Sweeney, Elize Dekker, Francis Chimielinski, R. Peter Mallon
  • Patent number: 8635151
    Abstract: Methods and systems are provided for managing a financial account in which account information is maintained for the financial account on a host system. The account information includes a set of account parameter values and a specification of a base account processing strategy. An entry in a lookup table is maintained on a storage device in communication with the host system is accessed. The entry is defined by at least one of the account parameter values. An operation specified by the entry and inconsistent with operations specified by the base account processing strategy is implemented to override at least a portion of the base account processing strategy. The base account processing strategy is reverted to with the host system in response to satisfaction of a predetermined trigger condition.
    Type: Grant
    Filed: August 13, 2004
    Date of Patent: January 21, 2014
    Assignee: First Data Corporation
    Inventors: Steve R. Krajewski, Keith A. Rose, Rebecca J. Cash, Molly Plozay, Richard L. Savage, Tod O. Brockley, Jeffery S. Harden
  • Patent number: 8630948
    Abstract: Electronic payments are typically initiated on a bank's web site, and then routed to a third-party processor for payment. There may be different processors having different pricing structures. Routing software may be provided that routes payments to the various processors (or causes payments to be processed without a third-party processor) based on considerations of cost-effectiveness. For example, the routing software may choose the payment processor that has the lowest price for a certain type of payment, or may route a certain number of payments to a processor in order to fulfill volume pricing minimums, or may aggregate payments for several days in order to handle the payments in one transaction and reduce transaction fees.
    Type: Grant
    Filed: March 4, 2009
    Date of Patent: January 14, 2014
    Assignee: United Services Automobile Association (USAA)
    Inventor: Marc W. Hildebrand
  • Patent number: 8630938
    Abstract: Methods and apparatuses for detecting fraudulent activities made over a network-based transaction facility using a machine. In responsive to a first event with respect to the network-based transaction facility and initiated under a first user identity from the machine which is coupled to the network-based transaction facility via a network, the method causes a first identifier associated with the first user identity to be stored on the machine. In responsive to a second event with respect to the network-based transaction facility and initiated under a second user identity from the machine, the method causes a detecting of a potentially fraudulent activity by detecting a lack of correspondence between the first identifier stored on the machine and a second identifier associated with the second user identity.
    Type: Grant
    Filed: July 12, 2001
    Date of Patent: January 14, 2014
    Assignee: eBay Inc.
    Inventors: Christine Cheng, Brenda Won, Dheeraj Mohnia, Ha Nguyen, Reed Maltzman, Isaac Strack, Noel Morin
  • Patent number: 8626662
    Abstract: A method for check clearing by a first entity where the check was previously issued from a first party to a second party. The first party has a first account with the first entity and the second party has a second account with a second entity. The first entity receives first information included with the check from the second party, including first party identifying information, a unique pseudorandom check number, and a check amount. The first entity authenticates at least a portion of the first information and receives second information from the second party, including at least the second account number and the second entity's routing transit number. The first entity transfers funds from the first account of the first party to the second account of the second party using at least a portion of the authenticated first information and the second information.
    Type: Grant
    Filed: December 17, 2010
    Date of Patent: January 7, 2014
    Assignee: ING Direct N.V.
    Inventor: David Aaron Pinski
  • Patent number: 8600879
    Abstract: According to one embodiment of the present invention, a computerized method for effecting payment by a check includes electronically receiving payment information for a check drawing on a checking account of an account holder, retrieving from a storage location an image replacement document template associated with the checking account in response to receiving the payment information, and generating an image replacement document representative of the check by inserting the payment information into respective fields of the image replacement document template. The payment information includes a date, a payee, a dollar amount, a legal amount, and a signature.
    Type: Grant
    Filed: August 5, 2003
    Date of Patent: December 3, 2013
    Assignee: Hewlett-Packard Development Company, L.P.
    Inventor: Thomas D. Reyes
  • Patent number: 8600878
    Abstract: The present invention relates to a method for transmitting a code to a user in which the user transmits his or her financial account identifier information to a code allocation unit 3, the code allocation unit 3 transfers an amount of money to the financial institution 5 specified by the user and/or transfers an amount of money from the financial institution 5 specified by the user, thereby submitting the account identifier information and the code to be transmitted as additional information with this transfer and/or this debit, and the financial institution 5 forwards a receipt for the transfer and/or debit together with the additional information to the user.
    Type: Grant
    Filed: September 13, 2012
    Date of Patent: December 3, 2013
    Assignee: eBay Inc.
    Inventors: Christian Hogl, Josef Gundel
  • Patent number: 8595114
    Abstract: Methods, computer readable media, and apparatuses for measuring, calculating, analyzing, and using account level profitability metrics are presented. Various statistics may be collected and compiled into a table, and profitability of one or more financial accounts may be determined at the account level. Interchange costs may be accounted for. Financial accounts may be classified on a variety of bases, and the results may be presented in a report.
    Type: Grant
    Filed: November 20, 2009
    Date of Patent: November 26, 2013
    Assignee: Bank of America Corporation
    Inventor: Guy S. DeLillio
  • Patent number: 8583545
    Abstract: A method, system and program product, the method comprising: accessing, electronic databases, comprising: (i) aggregated account information for a plurality of government backed-insured and interest-bearing aggregated deposit accounts held in a plurality of program institutions; and (ii) source institution deposit information; obtaining transfer data, by a source institution; obtaining time dimension interest rate data, wherein the time dimension interest rate varies depending on how long the deposit has been held in one or more other of the recipient institutions participating in the program; allocating the deposit funds to one or more other of the recipient institutions; generating data for instructions to deposit/transfer funds and/or to withdraw/transfer funds; calculating a respective interest amount for funds of the respective source institutions, based on time dimension interest rate for the period of time; and generating data for allocating interest.
    Type: Grant
    Filed: September 20, 2011
    Date of Patent: November 12, 2013
    Assignee: Island Intellectual Property LLC
    Inventors: Bruce Bent, Bruce Bent, II, David Edgar Gareis
  • Patent number: 8577794
    Abstract: A system and method for collecting information to facilitate enrollment in an electronic funds transfer program includes a system operator that solicits prospective participants in the electronic funds transfer program and directs those prospective participants to an enrollment process that is accessible via the Internet. The prospective participants input profile information, which is preferably authenticated, and thereby enrolls in the electronic funds transfer program. Subsequent to enrollment automatic electronic funds transfers between an enrollee and another party are initiated on a periodic basis in accordance with the profile information. The system operator maintains a database that stores and operates on the profile information.
    Type: Grant
    Filed: October 24, 2001
    Date of Patent: November 5, 2013
    Assignee: Bank of America Corporation
    Inventors: Sarah T. Billings, Laura J. Listwan, Brad A. Lower, Cynthia E. Murray
  • Patent number: 8577796
    Abstract: Aspects of the disclosure relate to assisting credit account holders during economic hardship. More specifically, aspects of the disclosure relate to systems and methods for providing a rebate of at least a portion of a finance charge applied to a credit account. Unlike certain prior art systems and methods, embodiments disclosed herein may benefit both the credit account holder as well as the financial institution that extends the credit account. In one embodiment, it may be determined that several credit accounts meet a threshold of probability of having a charge-off. In certain embodiments, the number of accounts that receive a rebate may be limited to a certain percentage of credit accounts with a non-zero balance.
    Type: Grant
    Filed: January 5, 2010
    Date of Patent: November 5, 2013
    Assignee: Bank of America Corporation
    Inventors: Erik Stephen Ross, Matthew Rice, Hans Dirk Schumacher, David Neil Joffe, Yanghong Shao, Tracy Elizabeth Marcin, John Scott Bailer
  • Patent number: 8571900
    Abstract: The invention relates generally to data analysis, and to systems and methods for the computation of the volatility of a loss. The system comprises a module for receiving a data parameter, a database for storing the parameter, a computerized predictive model, and a business logic processor for executing the predictive model. The volatility is used to, among other things, determine an appropriate work flow for handling the loss.
    Type: Grant
    Filed: December 14, 2012
    Date of Patent: October 29, 2013
    Assignee: Hartford Fire Insurance Company
    Inventors: Upendra D. Belhe, Gregory P. Goddu, Kelly J. McLaughlin, Kathleen F. Mauer, Natalie Mohanty
  • Patent number: 8560416
    Abstract: A method of generating income includes receiving investment capital from an investor. The investment capital is invested in publicly traded master limited partnerships to generate a revenue stream. The investment capital is also invested into a private company. The private company is subsequently converted to a master limited partnership to generate an equity gain. A portion of the revenue stream and a portion of the equity gain are distributed to the investor.
    Type: Grant
    Filed: August 8, 2012
    Date of Patent: October 15, 2013
    Assignee: American Infrastructure Funds, LLC
    Inventors: Robert B. Hellman, Jr., Kunal Sarkar
  • Patent number: 8560445
    Abstract: A method and system for managing transaction card accounts involves providing a customer a transaction card account by a financial institution against which the customer can charge predetermined types of transactions during predefined account statement periods and sending a statement of charges against the account to the customer at an end of each account statement period specifying a due date, after which a predefined late fee is assessed on the account if the statement is not paid. However, the late fee is automatically waived on the account within specified products if the customer makes a purchase or secures a cash advance during the account statement period for which the payment is due. Further, a voice response unit of the financial institution gives the customer a first menu option to opt out of a voice response unit scripted call and speak directly to a live representative about the account at any time during the call.
    Type: Grant
    Filed: October 13, 2006
    Date of Patent: October 15, 2013
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Glennon Franklin, Edmond Eger