Patents Examined by Seth Weis
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Patent number: 7912752Abstract: This invention relates to a system and method for presenting to a user relevant areas of distributed computer network sites. In particular, the invention disclosed infers and cross reference user mind sets with data stores of potential user goals. The user mind sets indicate a navigational goal of a user over the distributed computer network. In addition, the invention cross-references indicated user goals with data stores of service and service providers providing those services. The invention presents targeted service and service providers to the user across the distributed computer network thereby enabling the user to navigate towards the user goal.Type: GrantFiled: October 31, 2001Date of Patent: March 22, 2011Assignee: Context Web, Inc.Inventors: Anand Subramanian, Jeremy Sterns, Rajendram Shanthini
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Patent number: 7899740Abstract: Disclosed are systems and methods for placing and processing test orders and real orders.Type: GrantFiled: January 12, 2010Date of Patent: March 1, 2011Assignee: BGC Partners, Inc.Inventors: James R. Driscoll, Matthew W. Claus
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Patent number: 7895058Abstract: A computer-implemented method, including storing or processing information regarding a benefit provided to an employee pursuant to an employee benefit relationship between the employee and a benefit provider established prior to, pursuant to, or during, a first employment relationship between the employee and a first employer, storing or processing information for providing or maintaining the benefit pursuant to or during a second employment relationship between the employee and a second employer, receiving a request for information regarding the benefit, processing the request for information regarding the benefit with a processing device, generating a message in response to the processing of the request for information regarding the benefit, and transmitting the message to a communication device associated with the employee, a benefit beneficiary, a second employer, or a benefit administrator, via, on, or over, the Internet and/or the World Wide Web.Type: GrantFiled: October 12, 2007Date of Patent: February 22, 2011Assignee: Aveiro Information Systems, LLCInventor: Raymond Anthony Joao
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Patent number: 7890419Abstract: A method and system provides for the use of credit arrangements in simulated environments. A user can participate in credit transactions involving purchases of virtual products, virtual services, and virtual items of value. Feedback is provided to the user regarding results of the credit transactions. In some embodiments multiple users can make simulated purchases or incur simulated credit obligations that are posted to virtual accounts, and the multiple users can also make simulated compensation against balances due or obligations owed for said virtual accounts. The user is also provided with an opportunity of engaging in real-world financial transactions related to the virtual credit arrangement. In some implementations of the system and method, multiple players at different locations can use virtual charge accounts and/or real world financial accounts in connection with arranging or resolving a virtual credit transaction.Type: GrantFiled: October 12, 2007Date of Patent: February 15, 2011Assignee: The Invention Science Fund I, LLCInventors: Edward K. Y. Jung, Royce A. Levien, Mark A. Malamud, John D. Rinaldo, Jr.
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Patent number: 7881995Abstract: Systems, methods, and computer program products consistent with the principles of the present invention provide an infrastructure for asset owners to obtain financing arrangements from a multitude of liability providers in near real time and objectively.Type: GrantFiled: July 2, 2004Date of Patent: February 1, 2011Assignee: Capital Tool CompanyInventor: Robertus Grimberg
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Patent number: 7881993Abstract: System, method and computer program product for optimal pricing of financial products. Data related to the financial product is extracted from at least one data source. A structured data file is generated from the data. The structured data file comprises a plurality of attributes and a plurality of price parameters related to the financial product. The plurality of price parameters comprise a price conversion probability measure and a business measure parameter associated with the financial product. Then, the optimal price associated with the financial product is estimated based on the plurality of attributes, the plurality of parameters, the price conversion probability measure and the business measure parameter.Type: GrantFiled: March 30, 2004Date of Patent: February 1, 2011Assignee: General Electric CompanyInventors: Abhinanda Sarkar, Debasis Bal, Awadhesh Kumar
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Patent number: 7873571Abstract: The funds of a client of a brokerage, are automatically transferred into and retrieved from affiliated banks on an as-needed basis. Funds on deposit at banks are F.D.I.C. insured and earn interest. Multiple banks that are commonly owned and separately chartered and which receive brokerage account funds, enable the brokerage to multiply the F.D.I.C. insurance coverage for client funds. The aggregate amount of funds transferred into affiliated banks is limited to prevent runs on a bank. The funds of a client transferred into each bank is limited to multiply the amount of FDIC insurance that can be provided to each client of a brokerage.Type: GrantFiled: May 30, 2003Date of Patent: January 18, 2011Assignee: Wintrust Financial CorporationInventor: Edward J. Wehmer
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Patent number: 7853517Abstract: In various embodiments, test trading orders are generated, transmitted and ranked.Type: GrantFiled: January 12, 2010Date of Patent: December 14, 2010Assignee: BGC Partners, Inc.Inventors: James R. Driscoll, Matthew W. Claus
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Patent number: 7827045Abstract: Methods and systems are provided for assessing the potential for fraud of an insurance claim. In some embodiments, request data may be provided to a computer system. In some embodiments, at least one fraud potential indicator may be assessed to the request data from at least one comparison of at least one request data element to at least one fraud model. In some embodiments, a fraud potential indicator may be an estimate of the potential for fraud in an insurance claim. In some embodiments, at least one fraud potential indicator for request data may be assessed based on at least one comparison of at least one request data element to additional insurance data. Some embodiments may include assessing at least one fraud potential indicator for request data based on at least one fraud potential indicator.Type: GrantFiled: February 28, 2005Date of Patent: November 2, 2010Assignee: Computer Sciences CorporationInventors: Robert P. Madill, Jr., Thomas Glenn Barger, James Lewis Rogers, Progress Qhaqhi Thabani Mtshali
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Patent number: 7774275Abstract: A method and system provides for the use of credit arrangements in simulated environments. A user can participate in credit transactions involving purchases of virtual products, virtual services, and virtual items of value. Feedback is provided to the user regarding results of the credit transactions. In some embodiments multiple users can make simulated purchases or incur simulated credit obligations that are posted to virtual accounts, and the multiple users can also make simulated compensation against balances due or obligations owed for said virtual accounts. The user is also provided with an opportunity of engaging in real-world financial transactions related to the virtual credit arrangement. In some implementations of the system and method, multiple players at different locations can use virtual charge accounts and/or real world financial accounts in connection with arranging or resolving a virtual credit transaction.Type: GrantFiled: February 28, 2005Date of Patent: August 10, 2010Assignee: Searete LLCInventors: Edward K. Y. Jung, Royce A. Levien, Robert W. Lord, Mark A. Malamud, John D. Rinaldo, Jr.
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Patent number: 7769609Abstract: Methods and systems use regions defined by ZIP codes to adjust loss cost data. First, historical loss costs are identified by ZIP code, and then organized into an order. The organized historical loss costs are assigned a unique loss cost value for each ZIP code, which are then compared to surrounding ZIP codes using a neighborhood model. ZIP codes are grouped into regions of similar loss costs and the regions are organized into territories.Type: GrantFiled: February 15, 2005Date of Patent: August 3, 2010Assignee: Allstate Insurance CompanyInventor: Richard G. Woll
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Patent number: 7769680Abstract: In various embodiments, a data signal is received from a computer system. The data signal includes an order for an instrument and further includes an indicator. The indicator indicates that the order is one of a real order or a test order. The order is a test order. A test order that specifies a bid cannot bind an originator of the test order to tender money. A test order that specifies an offer cannot bind the originator of the test order to tender the instrument. The order is matched to another order. Whether the order is a test order or a real order is determined, based at least in part on the indicator.Type: GrantFiled: September 22, 2009Date of Patent: August 3, 2010Assignee: BGC Partners, Inc.Inventors: James R. Driscoll, Matthew W. Claus
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Patent number: 7769675Abstract: Disclosed are systems and methods for placing and processing test orders and real orders.Type: GrantFiled: April 2, 2007Date of Patent: August 3, 2010Assignee: BGC Partners, Inc.Inventors: James R. Driscoll, Matthew W. Claus
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Patent number: 7769608Abstract: Systems and methods provide optimized property risk ratings and, more particularly, optimized property risk ratings defined by evaluating ratings on a by peril basis. Systems and methods also price insurance products and underwrite insurance products using risk data that has been optimized on a by peril basis. A territory is subdivided into a plurality of regions determined in accordance with at least one predetermined factor. Loss costs representing historic costs for various insured perils are retrieved from a computerized database using a data processor. The loss costs are sorted on a per-peril basis for each of the regions using the data processor. Peril zones are created for each peril that represent related regions in which loss costs for a particular peril are roughly equivalent.Type: GrantFiled: January 25, 2005Date of Patent: August 3, 2010Assignee: Allstate Insurance CompanyInventors: Richard G. Woll, Margaret A. Brinkmann, Rosemary C. Peck
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Patent number: 7765138Abstract: A method of providing financial advice to a client that provides sufficient confidence that their goals will be achieved or exceeded but that avoids excessive sacrifice to the client's current or future lifestyle and avoids investment risk that is not needed to provide sufficient confidence of the goals a client personally values. The method comprises obtaining typical client background information, as well as a list of investment goals, and ideal and acceptable values in dollar amounts and timing for each goal. The client is then asked to provide their preferences for each goal on the list compared to each other goal in the list. A recommendation is then created using the portfolio value, and the client goal preferences and the ideal and acceptable values of goals, by simulating models of the relevant capital markets.Type: GrantFiled: December 15, 2004Date of Patent: July 27, 2010Assignee: Financeware, Inc.Inventor: David B. Loeper
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Patent number: 7765139Abstract: A data driven and forward looking risk and reward appetite methodology for consumer and small business is described. The methodology includes customer segmentation to create pools of homogeneous assets in terms of revenue and loss characteristics, forward looking simulation to forecast expected values and volatilities of revenue and loss, and risk and reward optimization of the portfolio. One methodology used for modeling revenue and loss is a generalized additive effect decomposition model to fit historical data. Based on the model, a segmentation procedure is performed, which allows for creation of groups of customers with similar revenue and loss characteristics. An estimation procedure for the model is developed and a simulation strategy to forecast and simulate revenue and loss volatility is developed. Efficient frontier curves of risk (e.g., return volatility) and reward (e.g., expected return) are created for the current portfolio under various economic scenarios.Type: GrantFiled: August 30, 2007Date of Patent: July 27, 2010Assignee: Bank of America CorporationInventors: Timothy J. Breault, Ulrich A. Bruns, John Delmonico, Shelly X. Ennis, Ruilong He, Glenn B. Jones, WeiCheng Liu, Elaine C. Marino, Arun R. Pinto, Meghan A. Steach, Agus Sudjianto, Naveen G. Yeri, Benhong Zhang, Zhe Zhang, Tony Nobili, Shuchun Wang, Hungjen Wang, Aijun Zhang
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Patent number: 7761369Abstract: The present invention is directed to the administration of various deferred compensation LTIP and asset account programs that can effectively reduce an individual's income or estate tax by assisting a company in the identification of appropriate employees, and through the use of a novel modeling method and apparatus to implement a deferred compensation program through a novel asset account maintenance plan that permits the employees to benefit from their deferred compensation (such as stock options, Long Term Incentive Plans, deferred compensation or life insurance benefits—“THE UNIQUE SQLUTION®”), while having a minimal financial impact on the company.Type: GrantFiled: June 24, 2003Date of Patent: July 20, 2010Inventor: Lawrence L. Bell
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Patent number: 7747516Abstract: In various embodiments, a data signal differentiates between real and test trading orders and a computer system processes the orders based on differing values.Type: GrantFiled: April 2, 2007Date of Patent: June 29, 2010Assignee: BGC Partners, Inc.Inventors: James R. Driscoll, Matthew W. Claus
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Patent number: 7729963Abstract: Methods and systems are provided for processing the financial information of a client of a financial institution. One method embodiment includes receiving data from an overdraft data source including at least one overdraft occurrence associated with a transaction performed in association with the client; analyzing the overdraft occurrence in an overdraft application to determine a cause and disposition of the overdraft occurrence in connection with the cause of the overdraft occurrence; and, communicating an overdraft report associated with the analyzing step to a manager associated with the client. Additional system and computer-readable medium embodiments of the present methods are also provided. In another aspect of the present methods and systems, historical overdraft issues are analyzed and reported to the management of a financial institution. System and computer-readable medium embodiments of these analysis and reporting methods are also provided.Type: GrantFiled: December 28, 2001Date of Patent: June 1, 2010Assignee: The PNC Financial Services Group, Inc.Inventors: Michael J. Lego, Katherine Kallet, Katina Bengtson
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Patent number: 7725386Abstract: An insurance program for entities in the mortgage industry that provides coverage for financial loss as a result of material inaccuracies in the financial information provided by or on behalf of the borrower. The insurance program preferably includes the initial insurance application and establishment of an insurance agreement, periodic issuing of individual insurance coverages for particular loans handled by the lender, training and consulting on improved controls for lenders, maintaining an ineligible database of entities and a database of loan information, and handling of claims.Type: GrantFiled: March 7, 2005Date of Patent: May 25, 2010Inventor: Arthur J Prieston