Patents by Inventor Robert Frohwein
Robert Frohwein 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: 11983767Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. The information can include sales data related to the seller's business on the online commerce site that can be applied to a formula used by a cash provider to evaluate the risk associated with lending the seller cash. A financial account used by the seller can rapidly receive the cash loan (if approved) and payments received by the seller from buyers would go into this financial account which is then used to automatically pay the cash provider back at agreed upon terms.Type: GrantFiled: September 15, 2022Date of Patent: May 14, 2024Assignee: AMERICAN EXPRESS KABBAGE, INC.Inventors: Robert Frohwein, Kathryn Petralia
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Publication number: 20240086877Abstract: Disclosed are various embodiments for initiating fund transfers using links. Various embodiments can send an invoice to an invoicee device of an invoicee, such that the invoice comprises a link. Embodiments can handle the request for the content at the link's location and then send an invoice payment detail web page to the invoicee device that includes at least an amount input field to capture an invoice payment amount. Embodiments can then receive an invoice payment detail response that includes at least the invoice payment amount and then initiate a payment from a provider account to an invoicer account, the provider account being held by a provider and the invoicer account being held by the invoicer.Type: ApplicationFiled: November 22, 2023Publication date: March 14, 2024Inventors: Robert Frohwein, Troy Deus
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Publication number: 20240087046Abstract: Various embodiments of the present disclosure are directed to a system to automatically categorize. Various embodiments can retrieve financial transaction data for the user. Then, various embodiments can identify user classifications using a neural network based at least in part on the financial transaction data. At least some embodiments can then display the user classifications to the user and prompt the user to verify that a user classification of the user classifications describes the user. Various embodiments can then receive feedback from the user, which can be used to train the neural network.Type: ApplicationFiled: November 15, 2023Publication date: March 14, 2024Inventors: Robert Frohwein, Benjamin Cowen
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Patent number: 11900475Abstract: A machine-learning system which utilizes neural networks and other machine learning concepts to automatically categorize a stream of data. Known financial data can be analyzed and trained as part of a machine learning system. Then, a new set of a financial data for a particular user can be analyzed and automatic determinations can be made whether the user is a small business or consumer, and what industry the user is in.Type: GrantFiled: January 27, 2022Date of Patent: February 13, 2024Assignee: AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.Inventors: Robert Frohwein, Benjamin Cowen
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Publication number: 20230140408Abstract: A method, apparatus, and computer readable storage to implement a lending system for use with electronic commerce web sites such as auction sites. A seller may receive a cash loan for items placed for sale but not yet purchased by a buyer. The seller can be required to pay back the loan after a predetermined amount of time or as soon as the item for sale is sold and payment is received from the buyer. The lender would charge interest or commission for the loan. In this manner, sellers can receive cash for items listed on auction sites before those items are actually sold, generating additional cash flow for the seller.Type: ApplicationFiled: January 3, 2023Publication date: May 4, 2023Inventors: Robert Frohwein, Kathryn Petralia
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Patent number: 11568478Abstract: A method, apparatus, and computer readable storage to implement a lending system for use with electronic commerce web sites such as auction sites. A seller may receive a cash loan for items placed for sale but not yet purchased by a buyer. The seller can be required to pay back the loan after a predetermined amount of time or as soon as the item for sale is sold and payment is received from the buyer. The lender would charge interest or commission for the loan. In this manner, sellers can receive cash for items listed on auction sites before those items are actually sold, generating additional cash flow for the seller.Type: GrantFiled: March 16, 2020Date of Patent: January 31, 2023Assignee: AMERICAN EXPRESS KABBAGE INC.Inventors: Robert Frohwein, Kathryn Petralia
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Publication number: 20230021183Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. The information can include sales data related to the seller's business on the online commerce site that can be applied to a formula used by a cash provider to evaluate the risk associated with lending the seller cash. A financial account used by the seller can rapidly receive the cash loan (if approved) and payments received by the seller from buyers would go into this financial account which is then used to automatically pay the cash provider back at agreed upon terms.Type: ApplicationFiled: September 15, 2022Publication date: January 19, 2023Inventors: Robert Frohwein, Kathryn Petralia
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Patent number: 11461839Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. The information can include sales data related to the seller's business on the online commerce site that can be applied to a formula used by a cash provider to evaluate the risk associated with lending the seller cash. A financial account used by the seller can rapidly receive the cash loan (if approved) and payments received by the seller from buyers would go into this financial account which is then used to automatically pay the cash provider back at agreed upon terms.Type: GrantFiled: December 9, 2019Date of Patent: October 4, 2022Assignee: AMERICAN EXPRESS KABBAGE INC.Inventors: Robert Frohwein, Kathryn Petralia
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Patent number: 11257149Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. The information can include sales data related to the seller's business on the online commerce site that can be applied to a formula used by a cash provider to evaluate the risk associated with lending the seller cash. A financial account used by the seller can rapidly receive the cash loan (if approved) and payments received by the seller from buyers would go into this financial account which is then used to automatically pay the cash provider back at agreed upon terms.Type: GrantFiled: September 30, 2019Date of Patent: February 22, 2022Assignee: American Express Kabbage Inc.Inventors: Robert Frohwein, Kathryn Petralia
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Patent number: 11250517Abstract: A machine-learning system which utilizes neural networks and other machine learning concepts to automatically categorize a stream of data. Known financial data can be analyzed and trained as part of a machine learning system. Then, a new set of a financial data for a particular user can be analyzed and automatic determinations can be made whether the user is a small business or consumer, and what industry the user is in.Type: GrantFiled: July 20, 2018Date of Patent: February 15, 2022Assignee: American Express Kabbage Inc.Inventors: Robert Frohwein, Benjamin Cowen
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Patent number: 10909620Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. Data from a delivery service can be automatically retrieved by the cash provider/cash server in order to determine the volume of shipments that the seller has been making. This volume can be used when the cash server determines the seller's score in order to evaluate an application for cash.Type: GrantFiled: March 30, 2019Date of Patent: February 2, 2021Assignee: Kabbage, Inc.Inventors: Robert Frohwein, Kathryn Petralia, Marc Gorlin
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Publication number: 20200372572Abstract: A method, system, and computer readable storage to enable a user to schedule and receive borrowed funds in the user's bank account. The date that the user can schedule the transfer of the funds can be any date into the future. The user can also set the system to provide for recurring such transfer of funds as well.Type: ApplicationFiled: August 9, 2019Publication date: November 26, 2020Applicant: Kabbage, Inc.Inventors: Robert Frohwein, Ranjeet Rawat, Sushant Verma, Ratnakar Pandey
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Publication number: 20200364777Abstract: A method, apparatus, and computer readable storage to implement a lending system for use with electronic commerce web sites such as auction sites. A seller may receive a cash loan for items placed for sale but not yet purchased by a buyer. The seller can be required to pay back the loan after a predetermined amount of time or as soon as the item for sale is sold and payment is received from the buyer. The lender would charge interest or commission for the loan. In this manner, sellers can receive cash for items listed on auction sites before those items are actually sold, generating additional cash flow for the seller.Type: ApplicationFiled: March 16, 2020Publication date: November 19, 2020Applicant: Kabbage, Inc.Inventors: Robert Frohwein, Kathryn Petralia
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Publication number: 20200286165Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. The information can include sales data related to the seller's business on the online commerce site that can be applied to a formula used by a cash provider to evaluate the risk associated with lending the seller cash. A financial account used by the seller can rapidly receive the cash loan (if approved) and payments received by the seller from buyers would go into this financial account which is then used to automatically pay the cash provider back at agreed upon terms.Type: ApplicationFiled: December 9, 2019Publication date: September 10, 2020Applicant: Kabbage, Inc.Inventors: Robert Frohwein, Kathryn Petralia
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Patent number: 10712894Abstract: A method, apparatus, and computer readable storage to manage and display mini Graphical User Interface (GUI) applications, or widgets. A widget controller can be associated with a plurality of widgets, upon which a user of the widget controller can then cycle among the associated widgets to display a selected widget. This conserves space on an output device since space for only one widget is needed. Widgets controllers can be embedded on web pages which are part of social networking sites. Particular widgets associated with a widget controller can be automatically determined and associated based on content of a web page containing the widget controller.Type: GrantFiled: July 17, 2017Date of Patent: July 14, 2020Inventor: Robert Frohwein
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Publication number: 20200184550Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. The information can include sales data related to the seller's business on the online commerce site that can be applied to a formula used by a cash provider to evaluate the risk associated with lending the seller cash. A financial account used by the seller can rapidly receive the cash loan (if approved) and payments received by the seller from buyers would go into this financial account which is then used to automatically pay the cash provider back at agreed upon terms.Type: ApplicationFiled: September 30, 2019Publication date: June 11, 2020Applicant: Kabbage, Inc.Inventors: Robert Frohwein, Kathryn Petralia
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Publication number: 20190333144Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. Data from a delivery service can be automatically retrieved by the cash provider/cash server in order to determine the volume of shipments that the seller has been making. This volume can be used when the cash server determines the seller's score in order to evaluate an application for cash.Type: ApplicationFiled: March 30, 2019Publication date: October 31, 2019Applicant: Kabbage, Inc.Inventors: Robert Frohwein, Kathryn Petralia, Marc Gorlin
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Publication number: 20190303890Abstract: A method, system, and computer readable storage to enable a server to initiate an electronic funds transfer (EFT) by generating a unique uniform resource locator (URL). The unique URL can be pasted into a communication from a first party to a second party, enabling the second party to retrieve and display the HTML code (or other mechanism a web page is coded and stored on a server) associated with that URL. The web page can then contain fields which would enable the processing of the EFT utilizing a third party server who is utilized in order to expedite the transfer from the second party to the first party.Type: ApplicationFiled: March 5, 2019Publication date: October 3, 2019Applicant: Kabbage, Inc.Inventors: Robert Frohwein, Troy Deus
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Patent number: 10255632Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. Data from a delivery service can be automatically retrieved by the cash provider/cash server in order to determine the volume of shipments that the seller has been making. This volume can be used when the cash server determines the seller's score in order to evaluate an application for cash.Type: GrantFiled: January 24, 2013Date of Patent: April 9, 2019Assignee: Kabbage, Inc.Inventors: Robert Frohwein, Kathryn Petralia, Marc Gorlin
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Publication number: 20180095564Abstract: A method, apparatus, and computer readable storage to manage and display mini Graphical User Interface (GUI) applications, or widgets. A widget controller can be associated with a plurality of widgets, upon which a user of the widget controller can then cycle among the associated widgets to display a selected widget. This conserves space on an output device since space for only one widget is needed. Widgets controllers can be embedded on web pages which are part of social networking sites. Particular widgets associated with a widget controller can be automatically determined and associated based on content of a web page containing the widget controller.Type: ApplicationFiled: December 26, 2017Publication date: April 5, 2018Inventor: Robert Frohwein