Patents by Examiner Samica L Norman

Patent number: 8781956
Abstract: A structured reference credit decision device includes a database configured to store information related to applicants, potential customers, referencers, potential referencers, lenders, and other third parties, a fetch data component coupled with the database, the fetch data component configured to receive input application information, fetch relevant information from the database, based on the application information, related to a subject applicant of the input application information and at least one referencer, and generate a plurality of linked data packages based on the fetched information, and an evaluation device coupled with the fetch data component, the evaluation engine configure to apply credit outcome models to the plurality of linked data packages and generate a recommendation relative to the subject applicant or application.
Type: Grant
Filed: May 13, 2013
Issued: July 15, 2014
Assignee: Global Analytics Holdings, Inc.
Inventor: Theodore James Crooks
Patent number: 8775289
Abstract: An example graphical interface and method for displaying risk related data are described. One example graphical interface includes a data structure comprising a plurality of data nodes and at least one risk data point associated with each node, and further comprises a display grid. The display grid includes one or more cells that are used for displaying selected data nodes and risk data points. Each cell may be associated with a single data node, and may include one or more identifiers corresponding to risk data points of the data node. In one example embodiment, the identifiers are aligned along a single axis, and risk related data corresponding to each identifier is aligned with respect to each corresponding identifier.
Type: Grant
Filed: June 6, 2013
Issued: July 8, 2014
Assignee: Trading Technologies International, Inc.
Inventors: Robert A. West, Michael J. Burns
Patent number: 8775312
Abstract: A method for performing payments in remote transactions between a buyer and a vendor is provided. The method includes receiving buyer information from a vendor's network outlet when the buyer indicates a desire to purchase a selection at a later time through an Interactive Voice Response (IVR) center; providing a token to the buyer; receiving information about the token from the buyer through the IVR center; verifying the information about the token; transferring funds from a buyer account to a vendor account. Also provided is a system for processing payments in remote transactions including an IVR center to: receive a request for token from a buyer to purchase products from a vendor, and to receive information about the product; provide the token to the buyer; access a database, the database including information from vendor's and buyer's accounts; transfer funds from buyer's account to vendor's account upon buyer confirmation.
Type: Grant
Filed: June 26, 2013
Issued: July 8, 2014
Assignee: Ebay Inc.
Inventor: Joel Garner Dayalan
Patent number: 8775219
Abstract: A method and apparatus is disclosed for applying high resolution spectral imaging (hyperspectral or multispectral) to property characterization, specifically rooftop classification of type and condition using reference data for insurance applications. The system can also be used to classify the condition of vegetation and property hazards. Classifying rooftop type and condition using remote spectral imaging greatly improves quantitative accuracy of roof inspections and decreases the cost of inspection across large geographic domains. By comparing the spatially subset spectral reflection of rooftops to a reference spectra, the rooftop type and condition can be accurately assessed. The aerial inspection produces uniform and consistent data can be ingested into property insurance evaluations for many different uses.
Type: Grant
Filed: July 13, 2012
Issued: July 8, 2014
Assignee: Northrop Grumman Systems Corporation
Inventors: Aaron L. Swanson, Mark C. Helmlinger
Patent number: 8751389
Abstract: Provided is a method and system for processing payment/information, including receiving, by an electronic circuit of a mobile communication device, a payment/information processing statement for a customer by a short message service (SMS) message, the payment/information processing statement including an online payment/information URL personalized to uniquely identify the customer. Next, the online payment/information URL is extracted from the SMS, and a mobile-optimized web page is accessed using the online payment/information URL. A customer's online payment/information form is then received and completed by the customer, then forwarded to a secure payment form server.
Type: Grant
Filed: July 22, 2013
Issued: June 10, 2014
Assignee: Softerware, Inc.
Inventor: Douglas Schoenberg
Patent number: 8744958
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: November 8, 2013
Issued: June 3, 2014
Assignee: Visa U. S. A. Inc.
Inventors: Mark Carlson, Surendra Keshan, Patrick Faith
Patent number: 8744966
Abstract: Techniques and apparatuses for providing wallet server information to an entity using a real-time mobile wallet server (MWS) are disclosed herein. The MWS may receive a request for personal information from an entity. The MWS may then display to a user a summary of the request, a list of selections available in the wallet server that may satisfy the request, and a list of selectable response options for the user to choose to respond to the entity. In some aspects, the wallet server may store username and associated passwords, payment information, and/or contact information. In further aspects, the MWS may generate limited-use payment information associated with existing payment information. The MWS may communicate ad hoc messaging to the entity using voice-based or real-time text-based communications over an established communication link between the MWS and entity.
Type: Grant
Filed: March 14, 2013
Issued: June 3, 2014
Assignee: Amazon Technologies, Inc.
Inventors: Matthew W. Amacker, Philip Yuen, Diwakar Gupta, Chih-Jen Huang
Patent number: 8732074
Abstract: Apparatuses, computer media, and methods for analyzing credit and tax form data and determining a collection treatment type to collect revenue. A collections model is constructed to determine a collections score that is based on raw credit data and tax form data and is indicative of a debtor's propensity to pay an owed amount. The collections model includes score bands, each score band being associated with a range of credit scores. A collections score is determined from a scoring expression that is associated with a score band and that typically includes a subset of available raw credit data and tax form data. A collections treatment type is determined from a collections score. Each treatment type corresponds to a treatment action that is directed to the debtor. A collections model is constructed from historical tax data, in which score bands and scoring expressions are constructed for the collections model.
Type: Grant
Filed: October 19, 2012
Issued: May 20, 2014
Assignee: Accenture Global Services Limited
Inventor: Indeer Preet Singh
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: 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: 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: 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: 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: 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: 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