Patents by Inventor Gregory Joseph Lloyd

Gregory Joseph Lloyd 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).

  • Patent number: 11087312
    Abstract: Embodiments of the present invention are used in a token based financial transaction system, whereby individual tokens associated with one or more financial accounts provided to one or more third parties. Embodiments credit an amount of a virtual currency in at least one bank account of a customer, wherein the at least one bank account has an associated amount of funds that is increased by the credit of the amount of virtual currency; generate a payment token associated with the at least one bank account of the customer; receive a transaction request to process a transaction using the token; determine that the transaction request is associated with a transaction having a transaction amount less than or equal to the amount of funds associated with the at least one bank account; and approve and settle the transaction.
    Type: Grant
    Filed: September 12, 2019
    Date of Patent: August 10, 2021
    Assignee: BANK OF AMERICA CORPORATION
    Inventors: James Gregory Ronca, Gregory Joseph Lloyd, Tony England, Stephen Philip Selfridge
  • Patent number: 10990971
    Abstract: Embodiments of the invention are directed to systems, methods, and computer program products for non-intrusive geo-location determination associated with transaction authorization. The invention enables one or more transactions initiated by a user to be authenticated and/or validated based on, at least in part, determined locations of the user relative to the locations of the one or more transactions. The user location is determined by transmitting one or more queries to a user device. The system determines the validity of the one or more transactions based on at least comparing the transaction location to the user location, before enabling further processing of the one or more transactions. The present invention is advantageous since it enables authentication/authorization of one or more transactions associated with the user by utilizing the user location, while precluding any inadvertent privacy concerns.
    Type: Grant
    Filed: August 26, 2019
    Date of Patent: April 27, 2021
    Assignee: BANK OF AMERICA CORPORATION
    Inventors: Gregory Joseph Lloyd, Lauren Marie Zavodny, Tony England, Stephen Philip Selfridge, James Gregory Ronca
  • Patent number: 10607215
    Abstract: Embodiments of the present invention are used in a token based financial transaction system, whereby individual tokens associated with one or more financial accounts provided to one or more third parties. Embodiments credit an amount of a virtual currency in at least one bank account of a customer, wherein the at least one bank account has an associated amount of funds that is increased by the credit of the amount of virtual currency; generate a payment token associated with the at least one bank account of the customer; receive a transaction request to process a transaction using the token; determine that the transaction request is associated with a transaction having a transaction amount less than or equal to the amount of funds associated with the at least one bank account; and approve and settle the transaction.
    Type: Grant
    Filed: September 30, 2015
    Date of Patent: March 31, 2020
    Assignee: BANK OF AMERICA CORPORATION
    Inventors: James Gregory Ronca, Gregory Joseph Lloyd, Tony England, Stephen Philip Selfridge
  • Publication number: 20200005280
    Abstract: Embodiments of the present invention are used in a token based financial transaction system, whereby individual tokens associated with one or more financial accounts provided to one or more third parties. Embodiments credit an amount of a virtual currency in at least one bank account of a customer, wherein the at least one bank account has an associated amount of funds that is increased by the credit of the amount of virtual currency; generate a payment token associated with the at least one bank account of the customer; receive a transaction request to process a transaction using the token; determine that the transaction request is associated with a transaction having a transaction amount less than or equal to the amount of funds associated with the at least one bank account; and approve and settle the transaction.
    Type: Application
    Filed: September 12, 2019
    Publication date: January 2, 2020
    Applicant: BANK OF AMERICA CORPORATION
    Inventors: James Gregory Ronca, Gregory Joseph Lloyd, Tony England, Stephen Philip Selfridge
  • Publication number: 20190378135
    Abstract: Embodiments of the invention are directed to systems, methods, and computer program products for non-intrusive geo-location determination associated with transaction authorization. The invention enables one or more transactions initiated by a user to be authenticated and/or validated based on, at least in part, determined locations of the user relative to the locations of the one or more transactions. The user location is determined by transmitting one or more queries to a user device. The system determines the validity of the one or more transactions based on at least comparing the transaction location to the user location, before enabling further processing of the one or more transactions. The present invention is advantageous since it enables authentication/authorization of one or more transactions associated with the user by utilizing the user location, while precluding any inadvertent privacy concerns.
    Type: Application
    Filed: August 26, 2019
    Publication date: December 12, 2019
    Applicant: BANK OF AMERICA CORPORATION
    Inventors: Gregory Joseph Lloyd, Lauren Marie Zavodny, Tony England, Stephen Philip Selfridge, James Gregory Ronca
  • Patent number: 10453059
    Abstract: Embodiments of the invention are directed to systems, methods, and computer program products for non-intrusive geo-location determination associated with transaction authorization. The invention enables one or more transactions initiated by a user to be authenticated and/or validated based on, at least in part, determined locations of the user relative to the locations of the one or more transactions. The user location is determined by transmitting one or more queries to a user device. The system determines the validity of the one or more transactions based on at least comparing the transaction location to the user location, before enabling further processing of the one or more transactions. The present invention is advantageous since it enables authentication/authorization of one or more transactions associated with the user by utilizing the user location, while precluding any inadvertent privacy concerns.
    Type: Grant
    Filed: September 30, 2015
    Date of Patent: October 22, 2019
    Assignee: BANK OF AMERICA CORPORATION
    Inventors: Gregory Joseph Lloyd, Lauren Marie Zavodny, Tony England, Stephen Philip Selfridge, James Gregory Ronca
  • Publication number: 20170091765
    Abstract: Embodiments of the invention are directed to systems, methods, and computer program products for authorizing payment credentials and transactions associated with a user digital wallet by automatic and real time utilization of one or more payment credentials applicable and optimal for a transaction initiated by the user. The invention enables a mobile digital wallet application on a user device to determine optimal payment credentials based on one or more transaction parameters comprising geographic location, transaction amount and user authentication associated with the transaction. Transmission of the optimal payment credential causes the receiving system to recognize the one or more transaction parameters and enables the system to process the transaction in accordance with the geographic location, transaction amount and/or the user authentication.
    Type: Application
    Filed: September 30, 2015
    Publication date: March 30, 2017
    Inventors: Gregory Joseph Lloyd, Lauren Marie Zavodny, Tony England, Stephen Philip Selfridge, James Gregory Ronca
  • Publication number: 20170091764
    Abstract: Embodiments of the invention are directed to systems, methods, and computer program products for non-intrusive geo-location determination associated with transaction authorization. The invention enables one or more transactions initiated by a user to be authenticated and/or validated based on, at least in part, determined locations of the user relative to the locations of the one or more transactions. The user location is determined by transmitting one or more queries to a user device. The system determines the validity of the one or more transactions based on at least comparing the transaction location to the user location, before enabling further processing of the one or more transactions. The present invention is advantageous since it enables authentication/authorization of one or more transactions associated with the user by utilizing the user location, while precluding any inadvertent privacy concerns.
    Type: Application
    Filed: September 30, 2015
    Publication date: March 30, 2017
    Inventors: Gregory Joseph Lloyd, Lauren Marie Zavodny, Tony England, Stephen Philip Selfridge, James Gregory Ronca
  • Publication number: 20170091758
    Abstract: Embodiments of the invention are directed to a system, method, or computer program product for payment vehicle agnostic payment tokenization. In this way, the invention provides a means for a user to use a token for a transaction at a merchant without the merchant making infrastructural changes. The token may be specifically coded for merchant recognition and identification that the merchant's infrastructure is not capable of processing the received token. Instead of declining the transaction, code is implemented into the token that the merchant recognizes and routes the token to the invention infrastructure for authorization. The infrastructure then correlates the token to the appropriate account and finalizing authorization and payment routing based on the correlation.
    Type: Application
    Filed: September 30, 2015
    Publication date: March 30, 2017
    Inventors: Andrew D. Kim, Gregory Joseph Lloyd, Lauren Marie Zavodny, James Gregory Ronca, Stephen Philip Selfridge
  • Publication number: 20170091759
    Abstract: Embodiments of the present invention are used in a token based financial transaction system, whereby individual tokens associated with one or more financial accounts provided to one or more third parties. Embodiments generate a payment token associated with an account of a customer, wherein the payment token is associated with an amount of funds; enable the customer to issue the generated payment token to a third party; receive a transaction request to process a transaction using the token; determine that the transaction request is associated with a transaction having a transaction amount less than or equal to the amount of funds associated with the payment token; and approve and settle the transaction.
    Type: Application
    Filed: September 30, 2015
    Publication date: March 30, 2017
    Inventors: Stephen Philip Selfridge, Gregory Joseph Lloyd, Tony England, Lauren Marie Zavodny
  • Publication number: 20170091757
    Abstract: Embodiments of the invention are directed to a system, method, or computer program product for improving the digital wallet storage system by providing hardware and software capable of provisioning, allocating, and compartmentalizing generated tokens for transaction utilization. In this way, the invention allows a user to switch out payment vehicles, payment accounts, merchants, or authorized user for one or more tokens. Thus the provisioning and allocation system allows for manipulation and provisioning of tokens, such that a user device may control the one or more payment accounts, payment vehicles, authorized users, time/date of use, and the like for each token accumulated by a user.
    Type: Application
    Filed: September 30, 2015
    Publication date: March 30, 2017
    Inventors: Gregory Joseph Lloyd, James Gregory Ronca, Lauren Marie Zavodny, Stephen Philip Selfridge, Andrew D. Kim
  • Publication number: 20170091721
    Abstract: Embodiments of the present invention are used in a token based financial transaction system, whereby individual tokens associated with one or more financial accounts provided to one or more third parties. Embodiments credit an amount of a virtual currency in at least one bank account of a customer, wherein the at least one bank account has an associated amount of funds that is increased by the credit of the amount of virtual currency; generate a payment token associated with the at least one bank account of the customer; receive a transaction request to process a transaction using the token; determine that the transaction request is associated with a transaction having a transaction amount less than or equal to the amount of funds associated with the at least one bank account; and approve and settle the transaction.
    Type: Application
    Filed: September 30, 2015
    Publication date: March 30, 2017
    Inventors: James Gregory Ronca, Gregory Joseph Lloyd, Tony England, Stephen Philip Selfridge
  • Publication number: 20170068952
    Abstract: Embodiments of the invention are directed to electronic collection, display and association of payment credentials or tokens by providing a comprehensive management platform for managing multiple digital wallets. The invention provides an integrated digital wallet management interface that enables the user to view and modify the payment credentials or tokens associated with the multiple wallets, stored at different locations, without requiring the user to access the payment credentials or tokens thorough conventional channels separately. In this regard, the integrated digital wallet management interface may display one or more payment credentials on a dashboard on a user mobile device along with one or more characteristics of the payment credentials. Embodiments of the invention are also directed to authenticate the user and enable the user to initiate one or more transactions associated with the payment credentials or tokens from a single interface.
    Type: Application
    Filed: September 30, 2015
    Publication date: March 9, 2017
    Inventors: Tammy L. Brockmann, Lauren Marie Zavodny, Stephen Philip Selfridge, Gregory Joseph Lloyd
  • Publication number: 20150006340
    Abstract: Embodiments of the invention comprise systems, computer program products, and methods for a payment transparency tool that enables users (e.g., employees and/or customers) to identify the rules for payment assessments, the reasons that specific payments were assessed on customer accounts, and the criteria for avoiding future payments. The payment transparency tool compiles and analyzes payment assessment data for various customer accounts, identifies customer account information for the accounts, and creates customized views for users to present clear explanations and data to address payment assessment questions. In some embodiments multiple payments assessed on multiple customer accounts may be presented to a user in an interface through a consolidated payment assessment list. Within an interface a user can view data related to the date a payment was assessed, the type of payment, the payment amount, payment rules, customer-specific reasons for the payment assessment, and avoidance rules.
    Type: Application
    Filed: July 1, 2013
    Publication date: January 1, 2015
    Inventors: Gregory Joseph Lloyd, Melissa Christine Derville Hart, Amy Marson Fistner, Paula Christine Hanson, Joseph Neil Johansen, Traci Leigh Johnston Plyler, Preston J. Taylor
  • Publication number: 20120239473
    Abstract: A method for providing a customer-centric rewards platform configured to communicate to a customer information related to one or more rewards programs associated with one or more customer accounts includes initiating presentation, using a processing device, to the customer of the rewards platform comprising information related to one or more rewards programs associated with the customer, wherein each of the rewards programs is associated with at least one customer account, determining a non-account transaction event indicating one or more rewards should be applied to one or more rewards accounts has occurred, each of the one or more rewards accounts associated with one or more customer accounts, and crediting one or more rewards accounts with one or more rewards based at least in part on the occurrence of the non-account transaction event.
    Type: Application
    Filed: June 7, 2011
    Publication date: September 20, 2012
    Inventors: Mark McInnes, Eric Charles Boyd, Emilie Astrid Cordell, Gary R. Holland, II, Dimitrij A. Lang, Gregory Joseph Lloyd, Daniel C. Maddox, Andrea Robinette, Robert L. Rowe, Burton William Schaen, JR., Stephen Mark Schneeweis