Patents by Inventor Randy Templeton
Randy Templeton 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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Publication number: 20110029434Abstract: A system and method of payment of an end-user account with a service provider includes a computer system that makes payments to service providers on behalf of end-users and that is operable to exchange information with a terminal at the point of sale or a web-enabled computer system operated by the end-user and with the computer system of the service provider. In one embodiment, the computer system of an intermediary receives a request to make a payment on an end user's account with a service provider. The computer system of the intermediary may communicate with the computer system of the service provider by logging on to the web page of the service provider as the end-user, and entering a universally accepted open system number and the amount of the payment received from the end user's source of funds to effect payment on the end user's account with the service provider.Type: ApplicationFiled: October 13, 2010Publication date: February 3, 2011Applicant: PRECASH, INC.Inventor: Randy Templeton
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Patent number: 7873566Abstract: Systems and methods are provided for selectively determining when and from what source to access information received from a demand deposit account (DDA) associated with a given check or other promissory payment transaction, as well as for selectively incorporating the DDA information into a risk assessment for the transaction. Information received from the DDA can include an indication of the existence of sufficient funds in the account (or lack thereof) to cover the check in question, as well as a current status code for the account. Use of the DDA information may be integrated into an overall risk assessment process performed for the transaction, such that the influence of negative factors in one part of the risk assessment may be mitigated by other factors in the risk assessment and such that overall effectiveness of the risk assessment is enhanced. Systems and methods for selecting an access path for accessing a DDA to settle a promissory payment are also provided.Type: GrantFiled: November 20, 2002Date of Patent: January 18, 2011Assignee: First Data CorporationInventors: Randy Templeton, Tamila Barron, Daniel Ahles, Sharat Shankar
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Patent number: 7640205Abstract: Systems and methods are disclosed for assisting a check-cashing entity to efficiently and accurately locate relevant positive pay information or other reconcilement information regarding a check or other negotiable instrument that has been presented to a check-cashing entity in association with a request to cash, deposit, use as payment or other otherwise accept the check or negotiable instrument. In various embodiments, when a plurality of potentially useful sources of reconcilement information are identified for querying in association with a proposed check-cashing transaction, a decision regarding how many of the sources to query and/or how long to continue to query may be based at least in part on factors relating to the transaction, factors relating to characteristics of the information sources, and factors relating to preferences on the part of the check-cashing entity.Type: GrantFiled: December 23, 2003Date of Patent: December 29, 2009Assignee: First Data CorporationInventors: Leslie Michelassi, Lisa C. Tidwell, Randy Templeton, Sharat Shankar
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Publication number: 20080215471Abstract: Systems and methods are disclosed for assisting a check-cashing entity to efficiently and accurately locate relevant positive pay information or other reconcilement information regarding a check or other negotiable instrument that has been presented in association with a request to cash, deposit, use as payment or other otherwise accept the check or negotiable instrument. In various embodiments, when a plurality of potentially useful reconcilement information sources are selected for querying in association with a proposed check-cashing transaction from amongst a set of available reconcilement information sources, factors relating to the transaction, factors relating to characteristics of the information sources, and factors relating to preferences on the part of the check-cashing entity may be considered in order to select and prioritize the querying of information sources that are deemed likely to hold desired reconcilement information.Type: ApplicationFiled: February 25, 2008Publication date: September 4, 2008Applicant: First Data CorporationInventors: Leslie Michelassi, Lisa C. Tidwell, Randy Templeton, Sharat Shankar
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Patent number: 7347362Abstract: Systems and methods are disclosed for assisting a check-cashing entity to efficiently and accurately locate relevant positive pay information or other reconcilement information regarding a check or other negotiable instrument that has been presented in association with a request to cash, deposit, use as payment or other otherwise accept the check or negotiable instrument. In various embodiments, when a plurality of potentially useful reconcilement information sources are selected for querying in association with a proposed check-cashing transaction from amongst a set of available reconcilement information sources, factors relating to the transaction, factors relating to characteristics of the information sources, and factors relating to preferences on the part of the check-cashing entity may be considered in order to select and prioritize the querying of information sources that are deemed likely to hold desired reconcilement information.Type: GrantFiled: August 31, 2006Date of Patent: March 25, 2008Assignee: First Data CorporationInventors: Leslie Michelassi, Lisa C. Tidwell, Randy Templeton, Sharat Shankar
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Patent number: 7346575Abstract: A risk system that performs a risk assessment of a financial transaction to obtain an initial risk score. Based on the initial risk score, the risk system performs at least one post-score assessment by selectively utilizing various scoring engines and databases. The at least one post-score risk assessment may include delaying the shipment of merchandise in financial transactions that are of marginal risk to thereby provide a check acceptance service with more time to further evaluate the financial transaction risks. Thus, marginally risky financial transactions that are likely to benefit the check acceptance service and a merchant that subscribes to the check acceptance service are authorized for increased profitability and customer satisfaction. Furthermore, the post-score risk assessment may approve or authorize financial transactions that generally fail standard risk assessments that use a cut-off risk score to divide the financial transactions into either approved or declined groups.Type: GrantFiled: January 7, 2002Date of Patent: March 18, 2008Assignee: First Data CorporationInventors: Daniel Ahles, Randy Templeton
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Publication number: 20080021803Abstract: A risk system that performs a risk assessment of a financial transaction to obtain an initial risk score. Based on the initial risk score, the risk system performs at least one post-score assessment by selectively utilizing various scoring engines and databases. The at least one post-score risk assessment may include delaying the shipment of merchandise in financial transactions that are of marginal risk to thereby provide a check acceptance service with more time to further evaluate the financial transaction risks. Thus, marginally risky financial transactions that are likely to benefit the check acceptance service and a merchant that subscribes to the check acceptance service are authorized for increased profitability and customer satisfaction. Furthermore, the post-score risk assessment may approve or authorize financial transactions that generally fail standard risk assessments that use a cut-off risk score to divide the financial transactions into either approved or declined groups.Type: ApplicationFiled: August 1, 2007Publication date: January 24, 2008Applicant: FIRST DATA CORPORATIONInventors: Daniel Ahles, Randy Templeton
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Publication number: 20070150414Abstract: A system and method of payment of an end-user account with a service provider includes a computer system that makes payments to service providers on behalf of end-users and that is operable to exchange information with a terminal at the point of sale or a web-enabled computer system operated by the end-user and with the computer system of the service provider. In one embodiment, the computer system of an intermediary receives a request to make a payment on an end user's account with a service provider. The computer system of the intermediary may communicate with the computer system of the service provider by logging on to the web page of the service provider as the end-user, and entering a universally accepted open system number and the amount of the payment received from the end user's source of funds to effect payment on the end user's account with the service provider.Type: ApplicationFiled: February 21, 2007Publication date: June 28, 2007Applicant: PRECASH, INC.Inventor: Randy Templeton
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Publication number: 20070000994Abstract: Systems and methods are disclosed for assisting a check-cashing entity to efficiently and accurately locate relevant positive pay information or other reconcilement information regarding a check or other negotiable instrument that has been presented in association with a request to cash, deposit, use as payment or other otherwise accept the check or negotiable instrument. In various embodiments, when a plurality of potentially useful reconcilement information sources are selected for querying in association with a proposed check-cashing transaction from amongst a set of available reconcilement information sources, factors relating to the transaction, factors relating to characteristics of the information sources, and factors relating to preferences on the part of the check-cashing entity may be considered in order to select and prioritize the querying of information sources that are deemed likely to hold desired reconcilement information.Type: ApplicationFiled: August 31, 2006Publication date: January 4, 2007Inventors: Leslie Michelassi, Lisa Tidwell, Randy Templeton, Sharat Shankar
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Publication number: 20060261155Abstract: An integrated point of sale terminal for processing multiple payment types including payment by check includes a compact housing, a processor, and memory. The housing has a base shaped to sit on a merchant counter and has a document slot for receiving a check. The processor is disposed in the housing, and the memory is in communication with the processor. The payment terminal is located at the point of sale during use to allow a store merchant to accept multiple payment types. The payment terminal further includes a magnetic ink character recognition device for reading a string of magnetic ink characters on the check. The magnetic ink character recognition device is affixed to the housing at the document slot and is in communication with the processor. Further, the payment terminal includes an imaging device for capturing an image of the check. The imaging device is affixed to the housing at the document slot and is in communication with the processor.Type: ApplicationFiled: July 28, 2006Publication date: November 23, 2006Applicant: First Data CorporationInventors: Randy Templeton, Cassandra Mollett, David Smith
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Patent number: 7100820Abstract: Systems and methods are disclosed for assisting a check-cashing entity to efficiently and accurately locate relevant positive pay information or other reconcilement information regarding a check or other negotiable instrument that has been presented in association with a request to cash, deposit, use as payment or other otherwise accept the check or negotiable instrument. In various embodiments, when a plurality of potentially useful reconcilement information sources are selected for querying in association with a proposed check-cashing transaction from amongst a set of available reconcilement information sources, factors relating to the transaction, factors relating to characteristics of the information sources, and factors relating to preferences on the part of the check-cashing entity may be considered in order to select and prioritize the querying of information sources that are deemed likely to hold desired reconcilement information.Type: GrantFiled: December 23, 2003Date of Patent: September 5, 2006Assignee: First Data CorporationInventors: Leslie Michelassi, Lisa C. Tidwell, Randy Templeton, Sharat Shankar
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Publication number: 20050149440Abstract: Systems and methods are disclosed for assisting a check-cashing entity to efficiently and accurately locate relevant positive pay information or other reconcilement information regarding a check or other negotiable instrument that has been presented in association with a request to cash, deposit, use as payment or other otherwise accept the check or negotiable instrument. In various embodiments, positive pay information provides a list of issued checks that a check-issuer authorizes for payment from the check-issuer's check account. The use of positive pay information may thus reduce the acceptance of fraudulent checks. In various embodiments, a check authentication system provides access to desired positive pay or other reconcilement information using one or more routing tables that allow the check authentication system to efficiently and accurately locate desired positive pay information, which may be stored internally or externally to the check authentication system.Type: ApplicationFiled: December 23, 2003Publication date: July 7, 2005Inventors: Leslie Michelassi, Lisa Tidwell, Randy Templeton, Sharat Shankar
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Publication number: 20050133587Abstract: Systems and methods are disclosed for assisting a check-cashing entity to efficiently and accurately locate relevant positive pay information or other reconcilement information regarding a check or other negotiable instrument that has been presented in association with a request to cash, deposit, use as payment or other otherwise accept the check or negotiable instrument. In various embodiments, when a plurality of potentially useful reconcilement information sources are selected for querying in association with a proposed check-cashing transaction from amongst a set of available reconcilement information sources, factors relating to the transaction, factors relating to characteristics of the information sources, and factors relating to preferences on the part of the check-cashing entity may be considered in order to select and prioritize the querying of information sources that are deemed likely to hold desired reconcilement information.Type: ApplicationFiled: December 23, 2003Publication date: June 23, 2005Inventors: Leslie Michelassi, Lisa Tidwell, Randy Templeton, Sharat Shankar
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Publication number: 20050137982Abstract: Systems and methods are described for collectively assessing positive pay or other reconcilement information associated with a check or other negotiable instrument presented to a check-cashing entity for acceptance. In response to a request for authentication information about a check or other negotiable instrument, a check authentication system polls at least one source of reconcilement information. Systems and methods are described for collectively assessing and resolving any conflicts within the obtained reconcilement information in order to determine a result for reporting to a check-cashing entity requesting the information. In various embodiments, conflicts are resolved, taking into consideration general characteristics associated with reconcilement information and/or rules agreed upon by the check authentication system and the check-cashing entity.Type: ApplicationFiled: December 23, 2003Publication date: June 23, 2005Inventors: Leslie Michelassi, Lisa Tidwell, Randy Templeton, Sharat Shankar
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Publication number: 20050137951Abstract: Systems and methods are disclosed for assisting a check-cashing entity to efficiently and accurately locate relevant positive pay information or other reconcilement information regarding a check or other negotiable instrument that has been presented to a check-cashing entity in association with a request to cash, deposit, use as payment or other otherwise accept the check or negotiable instrument. In various embodiments, when a plurality of potentially useful sources of reconcilement information are identified for querying in association with a proposed check-cashing transaction, a decision regarding how many of the sources to query and/or how long to continue to query may be based at least in part on factors relating to the transaction, factors relating to characteristics of the information sources, and factors relating to preferences on the part of the check-cashing entity.Type: ApplicationFiled: December 23, 2003Publication date: June 23, 2005Inventors: Leslie Michelassi, Lisa Tidwell, Randy Templeton, Sharat Shankar
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Publication number: 20030130919Abstract: Systems and methods are provided for selectively determining when and from what source to access information received from a demand deposit account (DDA) associated with a given check or other promissory payment transaction, as well as for selectively incorporating the DDA information into a risk assessment for the transaction. Information received from the DDA can include an indication of the existence of sufficient funds in the account (or lack thereof) to cover the check in question, as well as a current status code for the account. Use of the DDA information may be integrated into an overall risk assessment process performed for the transaction, such that the influence of negative factors in one part of the risk assessment may be mitigated by other factors in the risk assessment and such that overall effectiveness of the risk assessment is enhanced. Systems and methods for selecting an access path for accessing a DDA to settle a promissory payment are also provided.Type: ApplicationFiled: November 20, 2002Publication date: July 10, 2003Inventors: Randy Templeton, Tamila Barron, Kenneth J. Mayeau