Patents by Inventor William F. Borowski
William F. Borowski 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: 20170076412Abstract: Embodiments of the invention are directed to systems, methods, and computer program products for distributing assets upon the occurrence of a triggering event. Embodiments of the invention may be configured to identify a main account of a benefactor containing assets that the benefactor desires to distribute upon the occurrence of a triggering event; receive, information that identifies one or more individuals; create a subaccount that is associated with the main account that names the benefactor and at least one of the one or individuals as managers of the account; receive designations for transferring a portion of the assets from the main account into the subaccount based on the occurrence of the triggering event; identify the occurrence of the triggering event; and transfer the portion of the assets from the main account into the subaccount based on identifying the occurrence of the triggering event.Type: ApplicationFiled: September 14, 2015Publication date: March 16, 2017Inventors: Katherine Dintenfass, Matthew Hsieh, Scott R. Enscoe, Alicia C. Jones-McFadden, Kevin Andrew O'Neil, JR., Minh N. Vuong, William F. Borowski
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Publication number: 20170076384Abstract: Embodiments of the invention are directed to systems, methods, and computer program products for generating and updating a benefactor profile comprising designations made by a benefactor for at least one beneficiary to receive assets from one or more financial accounts managed by the benefactor. Embodiments of the invention may be configured to store an electronic asset profile for the one or more assets comprising beneficiary information; store one or more limitations received from a benefactor comprising rules for communicating to a beneficiary regarding details associated with the one or more assets; create a beneficiary profile for the user; receive from the user a request to retrieve the details associated with the one or more assets from the beneficiary profile; and allow the user to view the beneficiary profile, whereby the user only sees information regarding the one or more assets as instructed by the benefactor.Type: ApplicationFiled: September 14, 2015Publication date: March 16, 2017Inventors: Katherine Dintenfass, Matthew Hsieh, William F. Borowski, Alicia C. Jones-McFadden, Scott R. Enscoe, JR., Kevin Andrew O'Neil, JR., Minh N. Vuong
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Publication number: 20170076383Abstract: The present disclosure describes restructuring accounts and assets of a user based on analysis of the intentions of the user and/or beneficiaries to the accounts of the user. Embodiments herein disclosed describe systems, methods, and computer program products for receiving information about a user, accounts associated with the user, and beneficiaries associated with the accounts. Some embodiments include receiving intentions of the user and/or the beneficiaries, including goals and investment strategies for how the user and the beneficiary wish to manage the funds in the user's accounts. Some embodiments include determining at least one asset structure model based on the accounts of the user, the user information, the beneficiary information, and the intentions of the user and/or the beneficiaries. In some embodiments, the user may select an asset structure model, which will then be applied to the accounts of the user.Type: ApplicationFiled: September 14, 2015Publication date: March 16, 2017Inventors: Katherine Dintenfass, Scott R. Enscoe, Alicia C. Jones-McFadden, Matthew Hsieh, Kevin Andrew O'Neil, JR., William F. Borowski, Minh Nguyen Vuong
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Publication number: 20170076381Abstract: Embodiments of the invention are directed to systems, methods, and computer program products for assessment of allocated assets. The system is configured to monitor user finances and/or a financial status associated with one or more beneficiaries; receive a user selection of a source of user asset; retrieve information associated with the selected source of user asset; retrieve information from the source; transform the retrieved information into a first data format; receive a user selection of an account associated with a beneficiary; and reallocate funds from the source of user asset to the account of the beneficiary.Type: ApplicationFiled: September 14, 2015Publication date: March 16, 2017Inventors: Katherine Dintenfass, Scott R. Enscoe, Alicia C. Jones-McFadden, Matthew Hsieh, Kevin Andrew O'Neil, JR., William F. Borowski, Minh Nguyen Vuong
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Publication number: 20170076382Abstract: Embodiments of the invention are directed to systems, methods, and computer program products for dynamic generation of allocation guide for assets. The system is configured for receiving information associated with a state residency of the user; retrieving one or more state laws associated with the state residency of the user; retrieving information associated with allocation of assets from the one or more sources to the one or more accounts associated with the one or more beneficiaries; dynamically generating a will draft; and transmitting the will draft to the user.Type: ApplicationFiled: September 14, 2015Publication date: March 16, 2017Inventors: Katherine Dintenfass, Scott R. Enscoe, Alicia C. Jones-McFadden, Matthew Hsieh, Kevin Andrew O'Neil, JR., William F. Borowski, Minh Nguyen Vuong
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Publication number: 20150287137Abstract: Systems, methods, and computer program products are provided for providing a financial health indicator based on the user's credit report score and the user's budget indicator. Implemented in conjunction with a budget tracking system, the invention may provide financial health indicators indicating both short-term budget impact and long-term budget impact. In addition, certain embodiments provide for recognizing recurring expenditures and automatically providing the user with the budget impact of such recurring expenditures as a financial health indicator.Type: ApplicationFiled: April 7, 2014Publication date: October 8, 2015Applicant: BANK OF AMERICA CORPORATIONInventors: Kazi M. Ariff, Carol A. Smith, Shane A. Johnson, Russell W. Tipper, Yicong Li, Sean M. O'Connor, Thomas D. Kelley, Susan S. Thomas, William F. Borowski, William J. Aheron, Judith M. Anderson, Steven K. Hayes, Neal G. Wolfson, Jeffrey P. Judd, James P. Kirkman, Jeffrey H. Bierer
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Publication number: 20150221044Abstract: Systems, methods, and computer program products are provided for a financial health indicator. The financial health indicator provides a dynamic indication of a user's financial health in terms of their current credit and their current ability to save in relation to a budget. The systems, methods, and computer program products also provide for user-configured spending guardrails in a budget tracking system. The use of spending guardrails is instrumental in insuring that the user of the budget tracking system adheres to their assigned budget. By providing for dynamically configurable spending thresholds the user may define, change, suspend, or the like spending guardrails as dictated by current circumstances. The configurable nature of the guardrails insures that guardrails are tailored to the needs of the individual user.Type: ApplicationFiled: May 15, 2014Publication date: August 6, 2015Applicant: BANK OF AMERICA CORPORATIONInventors: KAZI M. ARIFF, CAROL A. SMITH, SHANE A. JOHNSON, RUSSELL W. TIPPER, YICONG LI, SEAN M. O'CONNOR, THOMAS D. KELLEY, SUSAN S. THOMAS, WILLIAM F. BOROWSKI, WILLIAM J. AHERON, JUDITH M. ANDERSON, STEVEN K. HAYES, NEAL G. WOLFSON, JEFFREY P. JUDD, JAMES P. KIRKMAN, JEFFREY H. BIERER
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Patent number: 8469262Abstract: Embodiments of the present invention provide currency solutions for the visually impaired by, for example, providing automated teller machines (ATMs) or other cash dispensers configured to dispense folded bills to the customer. The bills are folded based on denomination to allow the customer receiving the bills from the cash dispenser to be able to identify the denomination of each bill. In some embodiments, the cash dispenser is configured to automatically identify whether the customer prefers to receive folded bills and, in some embodiments, the cash dispenser is configured to fold and dispense bills according to customer preferences.Type: GrantFiled: January 28, 2010Date of Patent: June 25, 2013Assignee: Bank of America CorporationInventors: Felix A. Mon, William F. Borowski, Susan Smith Thomas, Carl Frederick, II, Jason Michael Ackiss, Maile George, Robert Fleetwood Armstrong
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Patent number: 8447692Abstract: Apparatus and methods for providing a personal financial network service are provided. The method may use an electronic information processing platform. The method may include storing information relating to a first participant account. The method may also include storing information relating to a second participant account. The systems and methods of the invention may further include storing information relating to a group of accounts containing the first participant and the second participant account, wherein first said account and second said account are stored independently of one another.Type: GrantFiled: March 20, 2009Date of Patent: May 21, 2013Assignee: Bank of America CorporationInventors: Susan S. Thomas, William F. Borowski, Kazi M. Ariff, Carol A. Smith, Judith M. Anderson, Steven K. Hayes, Thomas D. Kelley, Neal G. Wolfson, Sean M. O'Connor, Russell W. Tipper, Jeffrey P. Judd, William J. Aheron, Yicong Li, Shane A. Johnson, James P. Kirkman, Jeffrey H. Bierer
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Patent number: 8412622Abstract: Systems, methods, and computer program products are provided for a financial health indicator. The financial health indicator provides a dynamic indication of a user's financial health in terms of their current credit worthiness and their current ability to save in relation to a budget. In this regard, the financial health indicator is based on a user's credit report score, such as one or more FICO type credit scores and the user's savings as indicated by a budget tracking system. In embodiments of the invention in which the financial health indicator is implemented in conjunction with a budget tracking system, the financial health indicator provides necessary feedback to the user that serves to inform the user as to how they are performing in terms of staying on track to their individual budget allocations. Additionally, in certain embodiments, the provider of the budget tracking system may provide for awards based on achieving a predefined financial health indicator level and/or score.Type: GrantFiled: March 30, 2009Date of Patent: April 2, 2013Assignee: Bank of America CorporationInventors: Kazi M. Ariff, Carol A. Smith, Shane A. Johnson, Russell W. Tipper, Yicong Li, Sean M. O'Connor, Thomas D. Kelley, Susan S. Thomas, William F. Borowski, William J. Aheron, Judith M. Anderson, Steven K. Hayes, Neal G. Wolfson, Jeffrey P. Judd, James P. Kirkman, Jeffrey H. Bierer
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Patent number: 8234194Abstract: A method for providing a life calendar for a user includes gathering and tracking user data. The user data includes data associated with user-specific events and financial data. Recommendations are determined for the life calendar user based on the user data and may be refined based on bank data. Upon request, the life calendar is presented to the user populated with at least one of user data, user events, and recommendations.Type: GrantFiled: February 18, 2010Date of Patent: July 31, 2012Assignee: Bank of America CorporationInventors: Helene Urban Mele, William F Borowski, Willard H. Waldron, III
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Patent number: 8108292Abstract: Embodiments of the present invention relate to systems, methods and computer program products for automatically reallocating assets by directing assets from a primary fund to secondary fund, where the primary and secondary funds have distinct but complementary investment strategies. For example, to reallocate assets held in a primary portfolio of a mutual fund, embodiments of the present invention create a secondary portfolio within the mutual fund. Then, using earnings from the primary portfolio, embodiments of the present invention purchase at least one asset to be held in the secondary portfolio and grow that asset by continuing to direct earnings from the primary portfolio to the secondary portfolio. When the asset reaches a predetermined size, embodiments of the present invention transfer the asset to a newly created and separately managed mutual fund.Type: GrantFiled: August 31, 2009Date of Patent: January 31, 2012Assignee: Bank of America CorporationInventor: William F. Borowski
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Publication number: 20110202474Abstract: A method for providing a life calendar for a user includes gathering and tracking user data. The user data includes data associated with user-specific events and financial data. Recommendations are determined for the life calendar user based on the user data and may be refined based on bank data. Upon request, the life calendar is presented to the user populated with at least one of user data, user events, and recommendations.Type: ApplicationFiled: February 18, 2010Publication date: August 18, 2011Applicant: Bank of America CorporationInventors: Helene Urban Mele, William F. Borowski, Willard H. Waldron, III
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Publication number: 20110184864Abstract: Embodiments of the present invention provide currency solutions for the visually impaired by, for example, providing automated teller machines (ATMs) or other cash dispensers configured to dispense folded bills to the customer. The bills are folded based on denomination to allow the customer receiving the bills from the cash dispenser to be able to identify the denomination of each bill. In some embodiments, the cash dispenser is configured to automatically identify whether the customer prefers to receive folded bills and, in some embodiments, the cash dispenser is configured to fold and dispense bills according to customer preferences.Type: ApplicationFiled: January 28, 2010Publication date: July 28, 2011Applicant: BANK OF AMERICA CORPORATIONInventors: Felix A. Mon, William F. Borowski, Susan Smith Thomas, Carl (II) Frederick, Jason Michael Ackiss, Maile George, Robert Fleetwood Armstrong
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Publication number: 20100250430Abstract: Systems, methods, and computer program products are provided for a financial health indicator. The financial health indicator provides a dynamic indication of a user's financial health in terms of their current credit worthiness and their current ability to save in relation to a budget. In this regard, the financial health indicator is based on a user's credit report score, such as one or more FICO type credit scores and the user's savings as indicated by a budget tracking system. In embodiments of the invention in which the financial health indicator is implemented in conjunction with a budget tracking system, the financial health indicator provides necessary feedback to the user that serves to inform the user as to how they are performing in terms of staying on track to their individual budget allocations. Additionally, in certain embodiments, the provider of the budget tracking system may provide for awards based on achieving a predefined financial health indicator level and/or score.Type: ApplicationFiled: March 30, 2009Publication date: September 30, 2010Applicant: BANK OF AMERICA CORPORATIONInventors: Kazi M. Ariff, Carol A. Smith, Shane A. Johnson, Russell W. Tipper, Yicong Li, Sean M. O'Connor, Thomas D. Kelley, Susan S. Thomas, William F. Borowski, William J. Aheron, Judith M. Anderson, Steven K. Hayes, Neal G. Wolfson, Jeffrey P. Judd, James P. Kirkman, Jeffrey H. Bierer
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Publication number: 20100250420Abstract: Systems, methods, and computer program products are provided for user-configured spending guardrails in a budget tracking system. The use of spending guardrails is instrumental in insuring that the user of the budget tracking system adheres to their assigned budget. By providing for dynamically configurable spending thresholds the user may define, change, suspend or the like spending guardrails as dictated by current circumstances. The configurable nature of the guardrails insures that guardrails are tailored to the needs of the individual user.Type: ApplicationFiled: March 30, 2009Publication date: September 30, 2010Applicant: BANK OF AMERICA CORPORATIONInventors: Kazi M. Ariff, Carol A. Smith, Shane A. Johnson, Russell W. Tipper, Yicong Li, Sean M. O'Connor, Thomas D. Kelley, Susan S. Thomas, William F. Borowski, William J. Aheron, Judith M. Anderson, Steven K. Hayes, Neal G. Wolfson, Jeffrey P. Judd, James P. Kirkman, Jeffrey H. Bierer
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Publication number: 20100250421Abstract: Systems, methods, and computer program products are provided for a dynamic determination of the budget impact on expenditures, such as expenditures, potential expenditures, cost adjustments and the like. Implemented in conjunction with a budget tracking system, the budget impact determiner of the present invention may provide for both short-term budget impact and long-term budget impact. In addition, certain embodiments provide for recognizing recurring expenditures and automatically providing the user with the budget impact of such recurring expenditures.Type: ApplicationFiled: March 30, 2009Publication date: September 30, 2010Applicant: BANK OF AMERICA CORPORATIONInventors: Kazi M. Ariff, Carol A. Smith, Shane A. Johnson, Russell W. Tipper, Yicong Li, Sean M. O'Connor, Thomas D. Kelley, Susan S. Thomas, William F. Borowski, William J. Aheron, Judith M. Anderson, Steven K. Hayes, Neal G. Wolfson, Jeffrey P. Judd, James P. Kirkman, Jeffrey H. Bierer
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Publication number: 20100250419Abstract: Systems, methods, and computer program products are provided for a financial institution-implemented budget system that determines and/or recommends a financial institution customer's targeted budget allocation based on current budget allocation, responses to a budget profile questionnaire and/or peer budget allocation data. The budget profile questionnaire is instrumental in understating the spending needs of the customer. Peer budget allocation data takes into account the customer's profile data, such as demographics and the like and allows for the customer to select target budget allocation from amongst national averages or peers in the same residential area.Type: ApplicationFiled: March 30, 2009Publication date: September 30, 2010Applicant: BANK OF AMERICA CORPORATIONInventors: Kazi M. Ariff, Carol A. Smith, Shane A. Johnson, Russell W. Tipper, Yicong Li, Sean M. O'Connor, Thomas D. Kelley, Susan S. Thomas, William F. Borowski, William J. Aheron, Judith M. Anderson, Steven K. Hayes, Neal G. Wolfson, Jeffrey P. Judd, James P. Kirkman, Jeffrey H. Bierer
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Publication number: 20100241546Abstract: Apparatus and methods for providing a personal financial network service are provided. The method may use an electronic information processing platform. The method may include storing information relating to a first participant account. The method may also include storing information relating to a second participant account. The systems and methods of the invention may further include storing information relating to a group of accounts containing the first participant and the second participant account, wherein first said account and second said account are stored independently of one another.Type: ApplicationFiled: March 20, 2009Publication date: September 23, 2010Applicant: Bank of AmericaInventors: Susan S. Thomas, William F. Borowski, Kazi M. Ariff, Carol A. Smith, Judith M. Anderson, Steven K. Hayes, Thomas D. Kelley, Neal G. Wolfson, Sean M. O'Connor, Russell W. Tipper, Jeffrey P. Judd, William J. Aheron, Yicong Li, Shane A. Johnson, James P. Kirkman, Jeffrey H. Bierer
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Publication number: 20100241545Abstract: Apparatus and methods for configuring a master financial account providing comprehensive access to financial services are provided. A master account may be configured for a customer of a financial institution. The master account holder may build a customized array of financial services which may be accessed and managed through the master account. Benefits associated with use of a sub-account may accrue collectively in the master account.Type: ApplicationFiled: March 20, 2009Publication date: September 23, 2010Applicant: Bank of AmericaInventors: Sean M. O'Connor, William F. Borowski, Kazi M. Ariff, Carol A. Smith, Judith M. Anderson, Steven K. Hayes, Thomas D. Kelley, Neal G. Wolfson, Susan S. Thomas, Russell W. Tipper, Jeffrey P. Judd, William J. Aheron, Yicong Li, Shane A. Johnson, James P. Kirkman, Jeffrey H. Bierer