Patents by Examiner Samica L Norman

Patent number: 8706621
Abstract: A method for correlating information received directly from an access device operated by a user, and information from a merchant server is disclosed. The method includes receiving, at a server of a merchant entity from an access device used by a consumer, a checkout request to initiate a transaction, providing, from the merchant server to a server of a non-merchant entity, transaction information associated with said transaction, wherein the transaction information comprises a merchant ID, and receiving, at the merchant server from the non-merchant server, a response message regarding the transaction, wherein the response message is based on a correlation between the transaction information and device information specifically associated with the access device and provided directly from the access device to the non-merchant server, and is based on additional processing associated with the transaction information and the device information, performed by the non-merchant server.
Type: Grant
Filed: October 9, 2013
Issued: April 22, 2014
Assignee: Visa U.S.A., Inc.
Inventors: Mark Carlson, Surendra Keshan, Patrick Faith
Patent number: 8706623
Abstract: A method of reducing chargebacks due to a cancelled recurring payment, wherein the payment occurs within a card-based financial network, and wherein the network includes a database of unauthorized recurring charges and a defined chargeback procedure. The method generally includes the step of upgrading a recurring payment cancellation services file based on predefined occurrences relating to the identifying of cancelled recurring payments.
Type: Grant
Filed: March 27, 2012
Issued: April 22, 2014
Assignee: MasterCard International, Inc.
Inventors: Luis Filipe de Almeida Ferreira da Silva, Sharon A. Rosano, Timothy T. Hopkins
Patent number: 8700434
Abstract: A method for analyzing and comparing data from various sources, extracting data from the various sources, converting the data into a particular format, and using that data to generate data records, data documents, and/or reports to assist in isolating medical expenses incurred as a result of automobile accidents and further processing the data to identify whether or not potential third parties may be liable/responsible for the medical expenses incurred from the specific automobile accident.
Type: Grant
Filed: March 23, 2012
Issued: April 15, 2014
Inventors: Louis H. DeLong, Greg DeLong
Patent number: 8694416
Abstract: A system and method for providing back-end functionality for order processing in electronic order book trading. A sell/buy order is received comprising a lower/upper limit and a conditional lower/upper limit defining a conditional selling/buying price range for executing the sell/buy order under certain selling/buying conditions. It is determined whether the selling/buying conditions are fulfilled, including determining whether the sum of the first and second part of the buy/sell order is superior or equal to a threshold volume. The sell/buy order and the buy/sell order are executed against each other if at least the selling/buying conditions are fulfilled. Embodiments allow rapidly executing large trading interests with minimized market impact and opportunity costs.
Type: Grant
Filed: December 19, 2012
Issued: April 8, 2014
Assignee: Deutsche Boerse AG
Inventors: Uwe Schweickert, Miroslav Budimir, Peter Gomber
Patent number: 8694420
Abstract: An apparatus and method for utilizing debit data to report credit risk, the apparatus having an inquiry server, a credit database, a debit database and a scorecard database. The inquiry server generating a credit risk score and report based solely on credit data when sufficient, based on a combination of credit and data when credit data is present but insufficient, and based solely on debit data when no credit data is present.
Type: Grant
Filed: June 21, 2010
Issued: April 8, 2014
Assignee: Experian Information Solutions, Inc.
Inventor: Stanley D. Oliai
Patent number: 8676700
Abstract: A bulk deposit can be made at a financial institution based on dealings between a remitter and the remitter's agent. Information concerning transactions between the agent and the agent's customers, is transferred by the agent to the remitter and, in turn, from the remitter to a service provider that is distinct from the agent, the remitter, and the remitter's bank. The service provider can generate a deposit slip and store in a database, information about the slip. This deposit slip is marked with (a) transaction amounts for the agent's customers, (b) the bulk cash to be deposited; and (c) a summary of any discrepancy between the two. The provider makes available to the financial institution at least some of the transaction information including (a) its correlation to the deposit slip, and (b) detail greater than that produced on the deposit slip.
Type: Grant
Filed: March 26, 2012
Issued: March 18, 2014
Assignee: Depositslips LLC
Inventor: Daniel Holland
Patent number: 8671049
Abstract: A financial instrument exchange, system and method based upon the intensity of an underlying index. The instrument having a predetermined formula for a settlement price based at least in part on the formula: AR = [ 1 N ? ? j = 1 N ? r j ] × C where: N=a number of total observation periods; C=a constant multiplier; and rj=a capped absolute period return calculated using the formula: rj=min(d,|xj|); where: d=a contract period observation cap; and xj=a period return based on a formula of the group consisting of: x j = ln ? ( I j I j - 1 ) ; and x j = ( I j I j - 1 ) - 1 ; where: Ij=a reference index reported price/level j observation periods after an initial observation date/time. The periods can variable and measured in days, weeks, months, quarters and years. The instrument is traded at a market-determined price from creation through the date of expiration.
Type: Grant
Filed: August 1, 2013
Issued: March 11, 2014
Inventor: Thong Wei Koh
Patent number: 8666893
Abstract: Embodiments of the present invention are directed to an electronic funds transfer authentication system and method to facilitate the verification and authentication of a user and the ownership of the source account from which funds are being transferred to another account. The user and transfer data is validated, and then the electronic funds transfer is validated using payment analytics that analyze the behavioral characteristics of the user which may be derived from both internal and external sources of information. Using a unique combination of security measures and procedures, the risk associated with various types of fund transfers is reduced, thereby enabling a financial institution to protect its customers' accounts with a greater degree of certainty.
Type: Grant
Filed: January 5, 2009
Issued: March 4, 2014
Assignee: Bank of America Corporation
Inventors: Spencer A. Jones, Peter M. Berbee, Stephen T. Shannon
Patent number: 8666863
Abstract: Systems and methods for monitoring transaction data and providing an indication regarding a performance parameter to a payment processing entity. Transaction data associated with a plurality of transactions conducted during a time interval is received. A server computer determines that the received transaction data meets a threshold. It is further determined whether a previous indication that the threshold has been met was provided to a payment processing entity, the previous indication being associated with a plurality of previous transactions conducted during a previous time interval. If the previous indication was not provided, an indication that the threshold has been met is provided to the payment processing entity, the indication including information regarding a performance parameter of the payment processing entity.
Type: Grant
Filed: June 29, 2012
Issued: March 4, 2014
Assignee: Visa International Service Association
Inventors: Ross Sakata, Ila Malde, Gourab Basu, Tim Gallagher, Jeffrey Gill
Patent number: 8660950
Abstract: An Internet based bill payment system and method is provided that allows a consumer to push payments and/or information to any payee from the consumer's credit card account. One embodiment of the invention allows the customer to make a payment to any payee from an enterprise credit card or any other credit account of the enterprise, referred to as “Bill Pay advance.” One embodiment of the invention is provided which allows an enterprise's consumer credit card customers to sign up for and use the enterprise's bill pay advance system, whether or not the consumer has a demand deposit account (DDA) account. The invention allows the customer to designate either source of funds for payment and for any payee they choose to pay. One embodiment of the invention offers an interchange push methodology with customer choice of the payment source of funds and intelligent routing.
Type: Grant
Filed: April 12, 2005
Issued: February 25, 2014
Assignee: Wells Fargo, N.A.
Inventor: Jack MacKouse
Patent number: 8660927
Abstract: This document describes techniques for implementing a collateralized loan with periodic draws subject to a triggering event. These techniques include receiving funds from a client and establishing a credit line collateralized by the funds. The techniques may further include periodically dispensing an amount from the credit line upon occurrence of a predetermined event (e.g., the client's attainment of a certain age) and until death of the client. At the death of the client, any remaining funds may then be released to, for example, the client's estate.
Type: Grant
Filed: April 29, 2013
Issued: February 25, 2014
Assignee: Goldman, Sachs & Co.
Inventors: William J. Cassano, Alexander A. Dubitsky, Amar Kuchinad, Charles McGarraugh, Samuel Ramos
Patent number: 8655782
Abstract: A user may claim to have not made or allowed a transaction and that the transaction was made in error. Where it appears the user has not authorized the transaction, the funds of the transaction are returned to the user, or are charged back. Systems and methods provide a way to confirm whether or not a transaction was actually authorized by the user, thereby settling a chargeback dispute for a previously executed transaction. The method comprises receiving the dispute regarding the transaction including associated transaction data, and retrieving a digital signature associated with the transaction data, the digital signature computed by signing the transaction data. The digital signature is then verified using a public key, wherein the public key corresponds to a private key stored on a mobile device. It is then determined whether or not the transaction is fraudulent based on a verification result of the digital signature.
Type: Grant
Filed: June 16, 2011
Issued: February 18, 2014
Assignee: Xtreme Mobility Inc.
Inventors: Dennis Poon, Simon Law, Richard Burnison
Patent number: 8639615
Abstract: Methods and systems for populating an application are described. Data for an application is accessed, including transactional data associated with a user from a computerized database in a system. Systems and methods operate to automatically populate a financial application data structure in a computer using the transactional data stored in the computerized database. In an example, these systems and methods operate to determine a lending decision by the institution on the transactional data without purchasing a third party credit score. In an example, a financial notification is triggered using the automatically populated financial application data structure.
Type: Grant
Filed: May 4, 2009
Issued: January 28, 2014
Assignee: United Services Automobile Association (USAA)
Inventor: Bonnie Neal
Patent number: 8630945
Abstract: A system and method for integrating transaction processing is disclosed. The different processes are integrated by use of a controlling processing engine which contains instructions on how the processes should be treated. The system and method provides an end to end integrated system for processing payments and reporting the transaction results in real time. The system and method allows customers to have access to the transaction data in real time and return any excepted payments in real time.
Type: Grant
Filed: March 13, 2013
Issued: January 14, 2014
Assignee: JPMorgan Chase Bank, N.A.
Inventors: Albert Sun, Howard Shaw, Matt Vanhouten, Richard Re
Patent number: 8626635
Abstract: A method of monitoring a certificate of deposit includes providing a computer having a processor and receiving information related to a certificate of deposit of a user. The method also includes monitoring, using the processor, the certificate of deposit as it matures, and advising the user regarding maturity of the certificate of deposit.
Type: Grant
Filed: December 27, 2012
Issued: January 7, 2014
Assignee: United Services Automobile Association (USAA)
Inventor: David Adrian Johnson
Patent number: 8606681
Abstract: Systems and methods are disclosed for predicting the performance of a financial instrument by extracting influential features and emotional sentiment data from received data values, common features, and internet sources, each corresponding to a financial instrument, building multiple predictive models using random selections of the data values and combining the predictive models to create a combined prediction model. The combined prediction model provides a combined predicted data value where the combined predicted data value is a performance indicator, such as a classification count or percentage, of data values that correspond to the financial instrument and classify correctly via the prediction models.
Type: Grant
Filed: July 22, 2011
Issued: December 10, 2013
Assignee: Ultratick, Inc.
Inventor: Gregory Michael O'Rourke
Patent number: 8606700
Abstract: Systems, methods, and apparatus for handling and/or authorizing payment requests by a consumer for a transaction are provided. Payment information can be sent directly from a consumer to a non-merchant, thereby allowing no new entities to obtain the payment information. Transaction identifiers can be used to facilitate communications among the entities. The payment information can be sent to the non-merchant via a merchant application with a submit payment button directed to the non-merchant so little or no deviations from standard practices are required.
Type: Grant
Filed: January 25, 2012
Issued: December 10, 2013
Assignee: Visa U.S.A., Inc.
Inventors: Mark Carlson, Surendra Keshan, Patrick Faith
Patent number: 8600900
Abstract: Various embodiments of the present disclosure include systems and methods for rating a patent continuation case by comparing the patent continuation case with a priority or parent patent case of the patent continuation case. Comparison elements are used in an embodiment with automatic comparison.
Type: Grant
Filed: March 20, 2012
Issued: December 3, 2013
Assignee: Black Hills IP Holdings, LLC
Inventor: Steven W. Lundberg
Patent number: 8600861
Abstract: A system and method of providing control of prices in an on screen window having a price held for further transactions on an interface for traders of financial instruments. The interface contains a display of products for trading and respective prices for bids and offers. The user has a control device such as a computer mouse with a roller control. Selection of a particular product results in the display of the price of the product at the instant time the product is selected. The price is held until a confirming key or mouse stroke is received to initiate a trading action such as placing a new order, killing an existing order or hitting or lifting an order. The price can be altered by means of the roller control.
Type: Grant
Filed: October 25, 2007
Issued: December 3, 2013
Assignee: IntercontinentalExchange, Inc.
Inventors: David A. Rutt, Robert J. Sullivan, Edwin Marcial
Patent number: 8589291
Abstract: A method for correlating information received directly from an access device operated by a user, and information from a merchant server is disclosed. The method includes receiving, at a server computer of a non-merchant entity, device information specifically associated with an access device directly from the access device, and also receiving, at the server computer of the non-merchant entity, transaction information from a merchant server. The server computer then correlates and collected information and can perform additional processing.
Type: Grant
Filed: January 20, 2012
Issued: November 19, 2013
Assignee: Visa U.S.A. Inc.
Inventors: Mark Carlson, Surendra Keshan, Patrick L. Faith