Patents by Inventor David Edgar Gareis
David Edgar Gareis has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Patent number: 11367138Abstract: A method, system, and program product, the method comprising: (1) aggregated account information FDIC aggregated deposit accounts held in a plurality of banks; (2) client account information: (1) obtaining a client available deposit amount, Di; (2) determining, a bank number tier, Ti, for the client account, from among a plurality of tiers based, at least in part, on a level of funds associated with the respective client or relative to tier ranges, wherein each tier has a number of banks associated therewith or a function for computing the number of banks associated therewith; (3) allocating the client available deposit amount, Di, across a number of banks, NT, equal to the number associated electronically with the tier, Ti; and generating data to transfer funds to or from one or more of the banks.Type: GrantFiled: December 16, 2019Date of Patent: June 21, 2022Assignee: ISLAND INTELLECTUAL PROPERTY LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 10672000Abstract: Computer bypass systems and methods using a customer portal of a core account computer system to bypass a core account provider computer system are disclosed. One method comprises receiving at a loan computer system a loan request from an electronic client device and obtaining core account access information comprising a core account provider identifier and core account authentication credentials of the client for a customer portal of the core account computer system. The loan computer system can use the core account authentication credentials to access the core account customer portal and obtain a core account balance and a maximum allowable loan limit. The loan computer system can provide machine readable instructions to render a graphical user interface indicating the maximum allowable loan limit and can receive a requested loan amount, which is used to transfer funds from the core fund to create a loan fund.Type: GrantFiled: March 18, 2016Date of Patent: June 2, 2020Assignee: Access Control Advantage, Inc.Inventors: Bruce Bent, II, David Edgar Gareis, Thomas T. Makeever, Kenneth Simons
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Patent number: 10552910Abstract: A method, system, and program product, the method comprising: (1) aggregated account information FDIC aggregated deposit accounts held in a plurality of banks; (2) client account information: (1) obtaining a client available deposit amount, Di; (2) determining, a bank number tier, Ti, for the client account, from among a plurality of tiers based, at least in part, on a level of funds associated with the respective client or relative to tier ranges, wherein each tier has a number of banks associated therewith or a function for computing the number of banks associated therewith; (3) allocating the client available deposit amount, Di, across a number of banks, NT, equal to the number associated electronically with the tier, Ti; and generating data to transfer funds to or from one or more of the banks.Type: GrantFiled: January 23, 2017Date of Patent: February 4, 2020Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 10068294Abstract: A method, system and program product, the method in one embodiment comprising: A method, comprising: accessing databases comprising: client information for each of a plurality of respective clients, comprising a balance of funds of the client; a distribution percent value, Xi, for tranches; information for each of multiple government backed-insured aggregated time deposit instruments holding a tranche of client funds, comprising: a rate; an identification of the depository institution; a term; and determining a given client available distribution amount, Di; determining an amount of a client tranche to be deposited in each of Ni depository institutions based at least in part on the percentage, Xi, in order that the client tranches are approximately equal and are insured; determining Ni depository institutions to distribute the client tranches; allocating substantially equally respective client tranches to the Ni depository institutions; generating data for instructions to transfer the respective client tranchType: GrantFiled: May 2, 2014Date of Patent: September 4, 2018Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 9946997Abstract: Computer system, computer-implemented method, and program product for managing transactions that include administering clients' deposits to and withdrawals from client transaction accounts; determining a client available deposit amount, Di, determining, for Di, a value of Ni banks for the respective client transaction account, wherein Ni is a whole number and (X) times (Ni) is equal to or less than 100, where X is a distribution percent value to be distributed to each of the Ni banks; allocating, the percentage, X, multiplied by the client deposit amount, Di, calculating, for the banks a respective net deposit amount; generating instructions to transfer funds; and updating.Type: GrantFiled: May 23, 2017Date of Patent: April 17, 2018Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 9811811Abstract: Computer system, computer-implemented method, and program product for managing transaction comprising: administering clients' deposits to and withdrawals from client transaction accounts; determining a client available deposit amount, Di, determining, for Di, a value of Ni banks for the respective client transaction account, wherein Ni is a whole number and (X) times (Ni) is equal to or less than 100, where X is a distribution percent value to be distributed to each of the Ni banks; allocating, the percentage, X, multiplied by the client deposit amount, Di, calculating, for the banks a respective net deposit amount; generating instructions to transfer funds; and updating.Type: GrantFiled: March 15, 2013Date of Patent: November 7, 2017Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 9607335Abstract: A method, system, and program product, the method comprising: (1) aggregated account information FDIC aggregated deposit accounts held in a plurality of banks; (2) client account information: (1) obtaining a client available deposit amount, Di; (2) determining, a bank number tier, Ti, for the client account, from among a plurality of tiers based, at least in part, on a level of funds associated with the respective client or relative to tier ranges, wherein each tier has a number of banks associated therewith or a function for computing the number of banks associated therewith; (3) allocating the client available deposit amount, Di, across a number of banks, NT, equal to the number associated electronically with the tier, Ti; and generating data to transfer funds to or from one or more of the banks.Type: GrantFiled: August 19, 2016Date of Patent: March 28, 2017Assignee: ISLAND INTELLECTUAL PROPERTY, LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 9430798Abstract: A method, system, and program product, the method comprising: (1) aggregated account information FDIC aggregated deposit accounts held in a plurality of banks; (2) client account information: (1) obtaining a client available deposit amount, Di; (2) determining, a bank number tier, Ti, for the client account, from among a plurality of tiers based, at least in part, on a level of funds associated with the respective client or relative to tier ranges, wherein each tier has a number of banks associated therewith or a function for computing the number of banks associated therewith; (3) allocating the client available deposit amount, Di, across a number of banks, NT, equal to the number associated electronically with the tier, Ti; and generating data to transfer funds to or from one or more of the banks.Type: GrantFiled: March 13, 2013Date of Patent: August 30, 2016Assignee: ISLAND INTELLECTUAL PROPERY LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 8781931Abstract: A computer system, computer-implemented method, and program product for managing a plurality of client transaction accounts associated with a plurality of respective clients for a plurality of transactions, the system comprising: one or more configured to perform the steps: administering clients' deposits/transfers to and withdrawals/transfers from client transaction accounts; performing the following steps for each client transaction account, i, of a plurality of client transaction accounts: determining a client available deposit amount, Di, comprising funds to be distributed over Ni respective banks in the program; determining, for Di, a value of Ni banks for the respective client transaction account, wherein Ni is a whole number and (X) times (Ni) is equal to or less than 100, where X is a distribution percent value to be distributed to each of the Ni banks; allocating, the percentage, X, multiplied by the respective client available deposit amount, Di, calculating, for each bank of a plurality of the bankType: GrantFiled: December 15, 2009Date of Patent: July 15, 2014Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 8719062Abstract: A method, system and program product, the method in one embodiment comprising: A method, comprising: accessing databases comprising: client information for each of a plurality of respective clients, comprising a balance of funds of the client; a distribution percent value, Xi, for tranches; information for each of multiple government backed-insured aggregated time deposit instruments holding a tranche of client funds, comprising: a rate; an identification of the depository institution; a term; and determining a given client available distribution amount, Di; determining an amount of a client tranche to be deposited in each of Ni depository institutions based at least in part on the percentage, Xi, in order that the client tranches are approximately equal and are insured; determining Ni depository institutions to distribute the client tranches; allocating substantially equally respective client tranches to the Ni depository institutions; generating data for instructions to transfer the respective client tranchType: GrantFiled: March 15, 2013Date of Patent: May 6, 2014Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 8688577Abstract: Method, system and program product, the system comprising: computer programmed for accessing databases comprising: aggregated deposit account information for plurality of FDIC-insured aggregated deposit accounts held in plurality of depository institutions; and client account information; obtaining fund transfer instructions; allocating fund amounts for other depository institutions; generating data for depositing funds to or withdrawing funds from at least one aggregated deposit account multiple times in a month period, comprising generating data for instructions for making a withdrawal from one depository institution more than six times during the month period, using methods: in person, by mail, messenger, telephone, automated teller machine, for withdrawals except for a set of at least 1-6 withdrawals within last six business days of the month period, and presenting instructions to depository institution using method that counts against a 6 withdrawal limit for this set of the withdrawals during the last sType: GrantFiled: July 31, 2012Date of Patent: April 1, 2014Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, David Edgar Gareis, Thomas J. O'Donnell
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Patent number: 8655689Abstract: A method, system and program product, the method comprising accessing, databases, comprising: aggregated account information for FDIC accounts; client account information for each of the respective client accounts, wherein the client account represents funds of the respective client held in the one or more aggregated deposit accounts holding funds of the respective client, the client account information; capacity caps; and obtaining, high, second and lowest stratification balances held in respective depository institutions; calculating for depository institutions a respective total balance in the program; calculating respective excess capacities for respective depository institutions; modifying, parameters selected from the group of a number of client accounts, additional client account funds, a total number of the depository institutions participating in the program, and the capacity caps for one or more of the depository institutions.Type: GrantFiled: October 12, 2012Date of Patent: February 18, 2014Assignee: Island Intellectual Property LLCInventor: David Edgar Gareis
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Patent number: 8589289Abstract: A method, system and program product, the method comprising: accessing, one or more 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 recipient depository institutions, with one or more of the recipient depository institutions with an interest-bearing aggregated deposit account having at least one associated aggregated transaction account having an overdraft facility; and (ii) client account information for each of a plurality of the respective client accounts; obtaining client account transaction information; obtaining a respective net transfer amount for the one or more sub-periods of time for each of one or more of the respective source institutions; for at least one or more of the sub periods of time where the net transfer amount requires a first withdrawal/transfer amount selecting at least one of the recipient depository institutions that has at least one aggregated traType: GrantFiled: February 22, 2011Date of Patent: November 19, 2013Assignee: Island Intellectual Property LLCInventors: Thomas J. O'Donnell, David Edgar Gareis
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Patent number: 8583545Abstract: 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: GrantFiled: September 20, 2011Date of Patent: November 12, 2013Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, David Edgar Gareis
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Patent number: 8521569Abstract: A method, system and program product, the method in one embodiment comprising: A method, comprising: accessing databases comprising: client information for each of a plurality of respective clients, comprising a balance of funds of the client; a distribution percent value, Xi, for tranches; information for each of multiple government backed-insured aggregated time deposit instruments holding a tranche of client funds, comprising: a rate; an identification of the depository institution; a term; and determining a given client available distribution amount, Di; determining an amount of a client tranche to be deposited in each of Ni depository institutions based at least in part on the percentage, Xi, in order that the client tranches are approximately equal and are insured; determining Ni depository institutions to distribute the client tranches; allocating substantially equally respective client tranches to the Ni depository institutions; generating data for instructions to transfer the respective client tranchType: GrantFiled: January 7, 2013Date of Patent: August 27, 2013Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 8458089Abstract: A method, system and program product, the method comprising: obtaining at or before a first source reception cutoff time, first client account transaction information; obtaining a respective net transfer amount; selecting respective aggregated deposit account in depository institution in a first group based on selection rules, first group having recipient cutoff times in a first time range; generating transfer data; obtaining at or before a second source reception cutoff time, second client account transaction information; selecting an aggregated deposit account in a depository institution in a second group to deposit/transferor withdraw/transfer funds, based on selection rules, the second group having respective cutoff times in a second time range different from the first time range; generating transfer data; allocating funds from multiple of the client accounts to the transfers; and updating databases.Type: GrantFiled: February 22, 2011Date of Patent: June 4, 2013Assignee: Island Intellectual Property LLCInventor: David Edgar Gareis
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Patent number: 8452702Abstract: A method, system and program product, the method comprising: accessing databases, comprising (i) aggregated account information for a plurality of government-backed insured interest-bearing aggregated deposit accounts held in a plurality of recipient depository institutions, and (ii) client account information; obtaining client account transaction information of client accounts of a first financial institution; obtaining a first amount of funds for the first financial institution; allocating the first amount of funds to other of the recipient depository institutions; allocating a second amount of funds sourced from other of the financial institutions to the first financial institution, based on criteria; netting the first amount and the second amount to obtain a net amount; if the net amount is different from zero, allocating a positive or a negative third amount, to make the second amount equal to the first amount, so no transfer is necessary.Type: GrantFiled: September 8, 2011Date of Patent: May 28, 2013Assignee: Island Intellectual Property LLCInventors: Thomas J. O'Donnell, David Edgar Gareis
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Patent number: 8370236Abstract: A method, system and program product, the method in one embodiment comprising: A method, comprising: accessing databases comprising: client information for each of a plurality of respective clients, comprising a balance of funds of the client; a distribution percent value, Xi, for tranches; information for each of multiple government backed-insured aggregated time deposit instruments holding a tranche of client funds, comprising: a rate; an identification of the depository institution; a term; and determining a given client available distribution amount, Di; determining an amount of a client tranche to be deposited in each of Ni depository institutions based at least in part on the percentage, Xi, in order that the client tranches are approximately equal and are insured; determining Ni depository institutions to distribute the client tranches; allocating substantially equally respective client tranches to the Ni depository institutions; generating data for instructions to transfer the respective client tranchType: GrantFiled: November 23, 2010Date of Patent: February 5, 2013Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 8311939Abstract: Method, system and program product, the method comprising: accessing databases, comprising: information for a plurality of FDIC-insured and interest-bearing aggregated deposit accounts held in a plurality of banks, and client account information; obtaining a deposit amount, Di; calculating a client first amount, FAi, comprising a first percentage X, multiplied by the deposit amount, Di, to be distributed approximately equally among a client Ni banks; calculating a client second amount, SAi, comprising a second percentage, Y, multiplied by the client amount, Di, to be distributed approximately equally among client Mi banks in the program; allocating a respective portion of the client first amount, FAi, to each of the respective client Ni banks in the program, and allocating a respective portion of the client second amount, SAi, to each of the respective client Mi banks in the program; generating data for transferring funds; and updating the electronic databases.Type: GrantFiled: June 4, 2010Date of Patent: November 13, 2012Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, Rebecca Gareis Bent, David Edgar Gareis
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Patent number: 8260705Abstract: A method, system and program product, the method comprising: obtaining a plurality of net credit/debit amounts during a month period; generating data for depositing/transferring funds to or withdrawing/transferring funds from at least one of one or more aggregated deposit accounts multiple times in a month period, the data generating step comprising generating data for instructions for making a withdrawal/transfer from funds held at one of the one or more depository institutions more than six (6) times during the month period, comprising presenting instructions to the respective one depository institution using one or more of the methods: in person, or by mail, or, by messenger, or by telephone and distributed by mail, or by automated teller machine, or a combination thereof for substantially all of the withdrawals/transfers except for a set of at least one but not more than six withdrawals within the month period.Type: GrantFiled: December 21, 2010Date of Patent: September 4, 2012Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, David Edgar Gareis, Thomas J. O'Donnell