Patents Assigned to American Express Bank Ltd.
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Publication number: 20090083193Abstract: A system and method for facilitating the negotiation of credits. The bank issuing the credit and a nominated bank agree to program conditions pursuant to which the nominated bank, based upon its own examination of documents presented under the credit and before said documents are forwarded to, received, and accepted by the issuing bank, will pay, accept, or negotiate the credit with no or limited recourse to the issuing bank for discrepancies in the documents.Type: ApplicationFiled: December 2, 2008Publication date: March 26, 2009Applicant: AMERICAN EXPRESS BANK LTD.Inventors: FIDES CARLOS, GLENN D.J. RANSIER, FARHAD SUBJALLY, SHANKAR SUBRAMANIAM, IMRAN YUSUF
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Patent number: 7480633Abstract: A system and method for processing a brokerage account application in a substantially real-time environment, where a host system retrieves Applicant data via a distributed network, communicates with a credit bureau system to obtain credit decisioning and approval; establishes an Applicant account, activates the account and obtains a username and password, which, upon receipt, allows the Applicant/account-holder to begin placing trades.Type: GrantFiled: December 20, 2001Date of Patent: January 20, 2009Assignee: American Express Bank Ltd.Inventors: Christina Chow, Paul Stoxen, Marcus Sheire, Timothy G. Austin
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Patent number: 7475037Abstract: A system and method for facilitating the negotiation of credits. The bank issuing the credit and a nominated bank agree to program conditions pursuant to which the nominated bank, based upon its own examination of documents presented under the credit and before said documents are forwarded to, received, and accepted by the issuing bank, will pay, accept, or negotiate the credit with no or limited recourse to the issuing bank for discrepancies in the documents.Type: GrantFiled: December 4, 2003Date of Patent: January 6, 2009Assignee: American Express Bank Ltd.Inventors: Fides Carlos, Glenn D. J. Ransier, Farhad Subjally, Shankar Subramaniam, Imran Yusuf
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Publication number: 20060277143Abstract: A system for facilitating electronic transfer of funds includes a transfer administrator in communication with a transferor institution, one or more intermediary institution, and a transferee institution, the transferor institution having an account at the one or more intermediary institution. The transfer administrator may be configured to receive an incoming payment request designating said transferor institution, a quantity of funds to be transferred, and the transferee institution. The transfer administrator generates and issues a translated payment order based at least in part on the incoming payment request and configured to accomplish a transfer among the transferor institution, the one or more intermediary institution, and the transferee institution. Finally, the transfer administrator may facilitate processing of a balancing payment among the transferor institution, the one or more intermediary institution, and the transferee institution.Type: ApplicationFiled: August 16, 2006Publication date: December 7, 2006Applicant: AMERICAN EXPRESS BANK LTD.Inventors: Eddy Almonte, Steven Aponte, Gennaro Bruni, Luiz Couto, Gabriela Crespo, Nageswararao Dasari, Nina Eckstein, Joseph Fernandez, Bill Gilbert, Gordon Joost, George Kreiner, Subramaniam Krishnan, Ramaswamy Madhavan, Arthur McGrath, Colleen Wolfe
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Patent number: 7110980Abstract: A system for facilitating electronic transfer of funds includes a transfer administrator in communication with a transferor institution, one or more intermediary institution, and a transferee institution, the transferor institution having an account at the one or more intermediary institution. The transfer administrator may be configured to receive an incoming payment request designating said transferor institution, a quantity of funds to be transferred, and the transferee institution. The transfer administrator generates and issues a translated payment order based at least in part on the incoming payment request and configured to accomplish a transfer among the transferor institution, the one or more intermediary institution, and the transferee institution. Finally, the transfer administrator may facilitate processing of a balancing payment among the transferor institution, the one or more intermediary institution, and the transferee institution.Type: GrantFiled: February 5, 2003Date of Patent: September 19, 2006Assignee: American Express Bank Ltd.Inventors: Eddy Almonte, Steven Aponte, Gennaro Bruni, Luiz C. Couto, Gabriela Crespo, Nageswararao Dasari, Nina Eckstein, Joseph Fernandez, Bill Gilbert, Gordon Joost, George Kreiner, Subramaniam Krishnan, Ramaswamy Madhavan, Arthur McGrath, Colleen Wolfe