Patents Assigned to eFunds Corporation
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Patent number: 10776865Abstract: A method of and apparatus for automatically displaying an advertisement or promotional material to a user of an automated teller machine or point of purchase terminal. The method includes accessing debit data and credit bureau data for the applicant, accessing account information for the applicant, generating a score for the applicant based on the data and the account information and determining what advertisements or promotional offers to display on the ATM or POP terminal. The apparatus is a system, including both hardware and software components for effecting the method.Type: GrantFiled: August 16, 2010Date of Patent: September 15, 2020Assignee: EFunds CorporationInventors: Adam Joseph Elliott, Barry Paul
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Publication number: 20200219109Abstract: Systems and methods of monitoring financial information of a consumer for fraudulent activity. One method can include receiving an account closure event from an event provider, determining if the account closure event is associated with financial information of the consumer, generating a notification, and providing the notification to the consumer. Another method can include receiving a returned check event from an event provider, determining if the returned check event is associated with financial information of the consumer, generating a notification, and providing the notification to the consumer.Type: ApplicationFiled: March 20, 2020Publication date: July 9, 2020Applicant: eFunds CorporationInventors: Martin R. ROMAIN, Paul P. BJERKE
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Patent number: 10657588Abstract: A system for generating and processing an electronic funding application is disclosed. The system includes a memory storing instructions and a processor configured to execute the instructions to transmit the electronic funding application to a client and enter financial data into the funding application. The financial data includes a magnetic ink character recognition (MICR) line, a currency amount, and an account identifier. The instructions further transmit the financial data to a server, validate at least a portion of the financial data by comparing a portion of the financial data to data representing valid demand deposit accounts, convert the MICR line to an item compatible with an automated clearing house (ACH) network, and submit the item and the currency amount to the ACH network. The currency amount is transferred from the demand deposit account of the customer to the financial account of the customer.Type: GrantFiled: May 22, 2017Date of Patent: May 19, 2020Assignee: EFUNDS CORPORATIONInventors: Whitney Hilton Stewart, Robert Lawrence Hill, Connie Koep
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Patent number: 10643217Abstract: Systems and methods of monitoring financial information of a consumer for fraudulent activity. One method can include receiving an account closure event from an event provider, determining if the account closure event is associated with financial information of the consumer, generating a notification, and providing the notification to the consumer. Another method can include receiving a returned check event from an event provider, determining if the returned check event is associated with financial information of the consumer, generating a notification, and providing the notification to the consumer.Type: GrantFiled: May 26, 2005Date of Patent: May 5, 2020Assignee: EFUNDS CORPORATIONInventors: Martin R. Romain, Paul P. Bjerke
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Patent number: 10521782Abstract: A system for and method of performing a transaction between a consumer (105) and a business entity (110). The method comprising the acts of priding transaction data from a submitter (105) to a transaction facilitator (120), generating a token (130) that identifies the transaction data, storing the transaction data and the token at the transaction facilitator (120), providing the token to the submitter (105), returning the token (130) to the transaction facilitator, obtaining the stored transaction data identified by the token, and using at least a portion of the obtained transaction data to implement the transaction.Type: GrantFiled: April 12, 2001Date of Patent: December 31, 2019Assignee: EFUNDS CORPORATIONInventors: Kevin Gilbert, Scott R. Statland, Susan M. Kelling, Ian A. Lumsden, Chuck J. Bram
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Patent number: 10318934Abstract: An electronic payment and authentication system that includes features to verify the authenticity of a payer, validate debit data, and facilitate debit (as opposed to credit) payment transactions. The electronic payment system allows a consumer to purchase items and services via a network while utilizing a debit transaction. The invention provides merchants with the ability to verify the identity of the consumer, determine if the consumer is a good debit transaction risk, and retrieve debit data associated with a particular consumer.Type: GrantFiled: February 25, 2013Date of Patent: June 11, 2019Assignee: eFunds CorporationInventors: Whitney Hilton Stewart, Matthew Lacey Petersen, Brian John Gallmeier, Teresa Marie Crews, Mark Andrew Nipe, James Michael Haire, Robert Lawrence Hill, Michael Richard Bates
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Patent number: 9691101Abstract: A system for generating and processing an electronic funding application is disclosed. The system includes a memory storing instructions and a processor configured to execute the instructions to transmit the electronic funding application to a client and enter financial data into the funding application. The financial data includes a magnetic ink character recognition (MICR) line, a currency amount, and an account identifier. The instructions further transmit the financial data to a server, validate at least a portion of the financial data by comparing a portion of the financial data to data representing valid demand deposit accounts, convert the MICR line to an item compatible with an automated clearing house (ACH) network, and submit the item and the currency amount to the ACH network. The currency amount is transferred from the demand deposit account of the customer to the financial account of the customer.Type: GrantFiled: May 21, 2012Date of Patent: June 27, 2017Assignee: eFunds CorporationInventors: Whitney Hilton Stewart, Robert Lawrence Hill, Connie Koep
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Publication number: 20130173463Abstract: An electronic payment and authentication system that includes features to verify the authenticity of a payer, validate debit data, and facilitate debit (as opposed to credit) payment transactions. The electronic payment system allows a consumer to purchase items and services via a network while utilizing a debit transaction. The invention provides merchants with the ability to verify the identity of the consumer, determine if the consumer is a good debit transaction risk, and retrieve debit data associated with a particular consumer.Type: ApplicationFiled: February 25, 2013Publication date: July 4, 2013Applicant: eFunds CorporationInventor: eFunds Corporation
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Patent number: 8423456Abstract: Methods and systems for opening an account with a financial institution. One method can include electronically storing at least one rule for opening an account with a financial institution. The method can also include electronically receiving account application information from a remote device over at least one network, wherein the account application information includes personal information of a customer requesting to open an account. In addition, the method can include generating at least one risk score based on the account application information and applying the at least one rule to the at least one risk score in order to determine a decision regarding the account application information and to determine at least one funding constraint associated with the account.Type: GrantFiled: March 9, 2012Date of Patent: April 16, 2013Assignee: Efunds CorporationInventors: Rockne Egnatios, Amy B. Byal, Gerard Marineau, Robert L. Evans, Jr.
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Patent number: 8401966Abstract: An electronic payment and authentication system that includes features to verify the authenticity of a payer, validate debit data, and facilitate debit (as opposed to credit) payment transactions. The electronic payment system allows a consumer to purchase items and services via a network while utilizing a debit transaction. The invention provides merchants with the ability to verify the identity of the consumer, determine if the consumer is a good debit transaction risk, and retrieve debit data associated with a particular consumer.Type: GrantFiled: September 26, 2011Date of Patent: March 19, 2013Assignee: eFunds CorporationInventors: Whitney Hilton Stewart, Matthew Lacey Petersen, Brian John Gallmeier, Teresa Marie Crews, Mark Andrew Nipe, James Michael Haire, Robert Lawrence Hill, Michael Richard Bates
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Patent number: 8255242Abstract: An insurance payment distribution system is disclosed for distributing data representative of money from a central station to selected individuals to be used at selected locations. The system includes a plurality of distribution payment cards and a remote card processing unit. The distribution payment cards are useable at the selected locations. Each payment card is capable of receiving information representative of a certain amount of money, and is capable of receiving information representative of permitted locations at which the each card may be used. The remote card processing unit is in communication with a computer network including a central computer system. The remote card processing unit is for modifying the information receivable on the cards responsive to information received via the computer network.Type: GrantFiled: April 27, 2010Date of Patent: August 28, 2012Assignee: Efunds CorporationInventor: Donald Kohl
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Patent number: 8204812Abstract: A system and method of electronically funding a financial account is disclosed. The method includes the acts of providing an electronic funding application, electronically transmitting the electronic funding application to a customer-operated client, and entering financial data into the funding application of the customer-operated client. The financial data includes a magnetic ink character recognition (MICR) line, a currency amount, and an account identifier. The method further includes the acts of electronically transmitting the financial data to a server (30), validating that at least a portion of the entered financial data corresponds to the demand deposit account, converting the MICR line to an item compatible with the Automated Clearing House network, submitting the item and the currency to this network and electronically transfering the currency from the demand deposit account to the financial account.Type: GrantFiled: November 30, 2000Date of Patent: June 19, 2012Assignee: EFunds CorporationInventors: Whitney Hilton Stewart, Robert Lawrence Hill, Connie Koep
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Patent number: 8160957Abstract: Methods and systems for opening an account with a financial institution. One method can include electronically storing at least one rule for opening an account with a financial institution. The method can also include electronically receiving account application information from a remote device over at least one network, wherein the account application information includes personal information of a customer requesting to open an account. In addition, the method can include generating at least one risk score based on the account application information and applying the at least one rule to the at least one risk score in order to determine a decision regarding the account application information and to determine at least one funding constraint associated with the account.Type: GrantFiled: April 27, 2007Date of Patent: April 17, 2012Assignee: Efunds CorporationInventors: Rockne Egnatios, Amy B. Byal, Gerard Marineau, Robert L. Evans, Jr.
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Publication number: 20120066132Abstract: System and method for validating a payment. The method can include obtaining a first account identifier, accessing a database containing a plurality of risk scores, each one of the plurality of risk scores being associated with one of a plurality of account identifiers, obtaining a first risk score from the plurality of risk scores, the first risk score being associated with the first account identifier, and determining an acceptance decision by comparing the first risk score against a risk threshold value.Type: ApplicationFiled: November 15, 2011Publication date: March 15, 2012Applicant: eFunds CorporationInventors: Michael R. Bates, Gregory A. Nelson
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Publication number: 20120045113Abstract: Methods and systems for validating a negotiable instrument. One method can include obtaining an electronic image of the negotiable instrument, electronically determining a first value and a second value of the negotiable instrument based on the electronic image, and automatically validating the negotiable instrument if the first value is substantially equal to the second value.Type: ApplicationFiled: November 3, 2011Publication date: February 23, 2012Applicant: eFunds CorporationInventor: Michael R. BATES
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Publication number: 20120016800Abstract: An electronic payment and authentication system that includes features to verify the authenticity of a payer, validate debit data, and facilitate debit (as opposed to credit) payment transactions. The electronic payment system allows a consumer to purchase items and services via a network while utilizing a debit transaction. The invention provides merchants with the ability to verify the identity of the consumer, determine if the consumer is a good debit transaction risk, and retrieve debit data associated with a particular consumer.Type: ApplicationFiled: September 26, 2011Publication date: January 19, 2012Applicant: EFUNDS CORPORATIONInventors: Whitney Hilton Stewart, Matthew Lacey Petersen, Brian John Gallmeier, Teresa Marie Crews, Mark Andrew Nipe, James Michael Haire, Robert Lawrence Hill, Michael Richard Bates
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Patent number: 8060441Abstract: An electronic payment and authentication system that includes features to verify the authenticity of a payer, validate debit data, and facilitate debit (as opposed to credit) payment transactions. The electronic payment system allows a consumer to purchase items and services via a network while utilizing a debit transaction. The invention provides merchants with the ability to verify the identity of the consumer, determine if the consumer is a good debit transaction risk, and retrieve debit data associated with a particular consumer.Type: GrantFiled: May 24, 2010Date of Patent: November 15, 2011Assignee: eFunds CorporationInventors: Whitney Hilton Stewart, Matthew Lacey Petersen, Brian John Gallmeier, Teresa Marie Crews, Mark Andrew Nipe, James Michael Haire, Robert Lawrence Hill, Michael Richard Bates
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Publication number: 20100318460Abstract: An electronic payment and authentication system that includes features to verify the authenticity of a payer, validate debit data, and facilitate debit (as opposed to credit) payment transactions. The electronic payment system allows a consumer to purchase items and services via a network while utilizing a debit transaction. The invention provides merchants with the ability to verify the identity of the consumer, determine if the consumer is a good debit transaction risk, and retrieve debit data associated with a particular consumer.Type: ApplicationFiled: May 24, 2010Publication date: December 16, 2010Applicant: EFUNDS CORPORATIONInventors: Whitney Hilton Stewart, Matthew Lacey Petersen, Brian John Gallmeier, Teresa Marie Crews, Mark Andrew Nipe, James Michael Haire, Robert Lawrence Hill, Michael Richard Bates
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Patent number: 7849003Abstract: Methods and systems for monitoring an online account opening service. One system can include an account management system that performs an online account opening service and includes a management console application. The online account opening service electronically receives account application information and funding information specifying at least one funding source, processes the account application to assess a risk to a financial institution of opening an account for a customer, processes the funding source information to assess a risk to the financial institution of transferring funds from the at least one funding source to the account, and electronically transfers funds from the at least one funding source to the account based on the risk to the financial institution of opening the account for the customer and the risk to the financial institution of transferring funds from the at least one funding source to the account.Type: GrantFiled: April 27, 2007Date of Patent: December 7, 2010Assignee: Efunds CorporationInventors: Rockne Egnatios, Amy B. Byal, Gerard Marineau, Robert L. Evans, Jr.
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Patent number: 7752132Abstract: An electronic payment and authentication system that includes features to verify the authenticity of a payer, validate debit data, and facilitate debit (as opposed to credit) payment transactions. The electronic payment system allows a consumer to purchase items and services via a network while utilizing a debit transaction. The invention provides merchants with the ability to verify the identity of the consumer, determine if the consumer is a good debit transaction risk, and retrieve debit data associated with a particular consumer.Type: GrantFiled: February 25, 2002Date of Patent: July 6, 2010Assignee: eFunds CorporationInventors: Whitney Hilton Stewart, Matthew Lacey Petersen, Brian John Gallmeier, Teresa Marie Crews, Mark Andrew Nipe, James Michael Haire, Robert Lawrence Hill, Michael Richard Bates