Patents by Inventor Joseph H. Hardison, III

Joseph H. Hardison, III 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).

  • Publication number: 20140089157
    Abstract: A computer-network implemented system recognizes that (i) a commodity owner/producer retains (i.e. withholds) the right to lend a commodity prior to the sale/production of a commodity and, (ii) the system allows commodity borrowers to purchase or lease from the commodity owners/producers, through the system, the right to borrow the non-borrowable commodity from the commodity owner/producer, according to sale or lease rates and other terms established by the commodity owner/producer with the system, so that (iii) commodity borrowers can then acquire the right to lend the non-borrowable commodity from the commodity owner/producer and, thereafter, (iv) commodity borrowers can sell the non-borrowable commodity short in the commodity/financial marketplace and profit from a short sale, without adversely effecting the commodity owner/producer.
    Type: Application
    Filed: September 26, 2012
    Publication date: March 27, 2014
    Applicant: Interest Capturing Systems, LLC
    Inventor: Joseph H. Hardison, III
  • Patent number: 8626626
    Abstract: Method of capturing interest associated with a whole or partial amount of money possessed or controlled by an owner/holder and held in a first account maintained by a home financial institution, associated with a monetary rights transfer (MRT) network operably connected to the infrastructure of the Internet and a real-time gross settlement (RTGS) system, and the home financial institution or an external financial institution associated with the MRT network, maintaining a second account, interest bearing, for the owner/holder of the amount of money to capture interest.
    Type: Grant
    Filed: June 30, 2011
    Date of Patent: January 7, 2014
    Assignee: Interest Capturing Systems, LLC
    Inventor: Joseph H. Hardison, III
  • Publication number: 20130346270
    Abstract: Internet-based method of and system for enabling the freedom to exercise monetary rights associated with money backing financial products in the financial marketplace, wherein the right to make demand transactions against the money (e.g. exercise the right to make purchases, and the right to make payments) can be transferred to a first party for use and exercise, while the right to earn interest on the money is retained by the owner of the money, so as to take advantage of better rates and yields. The method and system can support diverse kinds of financial products including: checking accounts, debit cards, stored value products, ATM products, and other financial accounts and products, which can be more productive by utilizing various iterations of the monetary right(s) transfer processes.
    Type: Application
    Filed: September 28, 2012
    Publication date: December 26, 2013
    Inventor: Joseph H. Hardison, III
  • Patent number: 8589261
    Abstract: A computer-network implemented system recognizes that (i) the security issuer retains (i.e. withholds) the right to lend a debt or equity security prior to security issuance, and (ii) the system allows security borrowers to request from the security issuers, through the system, the right to borrow the non-borrowable security from the security issuer, according to borrowing/lending rates and time periods set by the security issuer with the system, so that (iii) security borrowers can then acquire the right to lend the non-borrowable security from the security issuer, and thereafter, (iv) security borrowers can sell the non-borrowable security short in the financial marketplace and profit from a short sale, without adversely effecting the security issuer.
    Type: Grant
    Filed: June 10, 2012
    Date of Patent: November 19, 2013
    Assignee: Interest Capturing Systems, LLC
    Inventor: Joseph H. Hardison, III
  • Publication number: 20120254069
    Abstract: A computer-network implemented system recognizes that (i) the security issuer retains (i.e. withholds) the right to lend a debt or equity security prior to security issuance, and (ii) the system allows security borrowers to request from the security issuers, through the system, the right to borrow the non-borrowable security from the security issuer, according to borrowing/lending rates and time periods set by the security issuer with the system, so that (iii) security borrowers can then acquire the right to lend the non-borrowable security from the security issuer, and thereafter, (iv) security borrowers can sell the non-borrowable security short in the financial marketplace and profit from a short sale, without adversely effecting the security issuer.
    Type: Application
    Filed: June 10, 2012
    Publication date: October 4, 2012
    Inventor: Joseph H. Hardison, III
  • Patent number: 8255296
    Abstract: A computer network-implemented system recognizes that (i) the security issuer retains (i.e. withholds) the right to lend a debt or equity security prior to security issuance, and (ii) the system allows security borrowers to request from the security issuers, through the system, the right to borrow the non-borrowable equity security from the security issuer, according to borrowing/lending rates and time periods set by the security issuer with the system, so that (iii) security borrowers can then acquire the right to lend the non-borrowable security from the security issuer, and thereafter, (iv) security borrowers can sell the non-borrowable security short in the financial marketplace and profit from a short sale, without adversely effecting the security issuer.
    Type: Grant
    Filed: June 11, 2009
    Date of Patent: August 28, 2012
    Assignee: Interest Capturing Systems, LLC
    Inventor: Joseph H. Hardison, III
  • Publication number: 20120016782
    Abstract: Method of capturing interest associated with a whole or partial amount of money possessed or controlled by an owner/holder and held in a first account maintained by a home financial institution, associated with a monetary rights transfer (MRT) network operably connected to the infrastructure of the Internet and a real-time gross settlement (RTGS) system, and the home financial institution or an external financial institution associated with the MRT network, maintaining a second account, interest bearing, for the owner/holder of the amount of money to capture interest.
    Type: Application
    Filed: June 30, 2011
    Publication date: January 19, 2012
    Inventor: Joseph H. Hardison, III
  • Publication number: 20110166998
    Abstract: Method of capturing interest on the value of transferred monetary rights managed on an Internet-based Monetary Rights Transfer Network, and associated with an amount of money owned by an owner and held in a first account and having a monetary value represented on a stored value device held by a holder and provided by an issuer. While the owner of the amount of money earns an amount of interest on the value of the transferred monetary rights, and the amount of interest is deposited in a second account, the holder of the stored value device enjoys full use of the monetary value represented in the stored value device, and held in the first account represented by the non-transferred subset of monetary rights associated with the amount of money, including the right to make payments, the right to make purchases, and the right to hold money as a store of value.
    Type: Application
    Filed: January 10, 2011
    Publication date: July 7, 2011
    Inventor: Joseph H. Hardison, III
  • Publication number: 20110166996
    Abstract: Method of capturing interest associated with a whole or partial amount of money possessed or controlled by an owner/holder and held in a first account maintained by a home financial institution, associated with a monetary rights transfer (MRT) network operably connected to the infrastructure of the Internet, and the home financial institution or an external financial institution associated with the MRT network, maintaining a second account, interest bearing, for the owner/holder of the amount of money to capture interest.
    Type: Application
    Filed: January 10, 2011
    Publication date: July 7, 2011
    Inventor: Joseph H. Hardison, III
  • Publication number: 20100318445
    Abstract: An Internet-based method and system which inherently recognizes the separable, withholdable, and transferable rights associated with issuing equity, debt, and/or hybrid securities, thereby enabling the maximization of economic value that such property can support within a society. According to the method and system, the security rights that issuers of equity, debt and hybrid securities possess prior to structuring and issuance are unbundled (i.e. individually recognized and separated), allowing a security issuer to withhold from issuance, and retain, the ability to lend its security/securities or, to restructure and reissue its security/securities, and retain, the ability to lend its security/securities, in order to preclude, or to control and manage, short-selling of its securities. Currently, there is no mechanism by which companies, governments, or other entities can preclude or control short-selling once they issue securities.
    Type: Application
    Filed: June 11, 2009
    Publication date: December 16, 2010
    Inventor: Joseph H. Hardison, III