Patents Assigned to Financial Systems Technology (Intellectual Property) Pty. Ltd.
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Patent number: 8738453Abstract: The present invention provides methods and systems for defining financial transaction components; defining mapping rules for taking individual financial transactions and breaking them down into their components, such as production services, billing services and settlement services. A data processing system in accordance with one embodiment of the present invention, creates a transaction instance corresponding to a financial transaction, creates a production service instance linked to the transaction instance by a first relation instance, and creates a billing service instance linked to the production service instance by a second relation instance. The data processing system, may also create other production service instances linked to the transaction instance using other relation instances, as well as, other billing service instances linked to the production service instances.Type: GrantFiled: August 2, 2011Date of Patent: May 27, 2014Assignee: Financial Systems Technology (Intellectual Property) PTY Ltd.Inventor: Robert A. Foster
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Publication number: 20140089152Abstract: A system and method are provided for facilitating real-time pricing with volume discounting. The method includes receiving a request for a real-time price quote for a transaction from a first account. The request is received at a first instance in time during a billing cycle. The method also includes determining a first production service, where the first production service is a component of the transaction, and determining a count of first production service instances representing the first production service in the received transaction. The method further includes determining a billable entity for the transaction, where the billable entity includes one or more related accounts, and the related accounts include the first account.Type: ApplicationFiled: November 26, 2013Publication date: March 27, 2014Applicant: Financial Systems Technology (Intellectual Property) Pty Ltd.Inventor: Robert A. Foster
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Patent number: 8612319Abstract: A system and method are provided for facilitating real-time pricing with volume discounting. The method includes receiving a request for a real-time price quote for a transaction from a first account. The request is received at a first instance in time during a billing cycle. The method also includes determining a first production service, where the first production service is a component of the transaction, and determining a count of first production service instances representing the first production service in the received transaction. The method further includes determining a billable entity for the transaction, where the billable entity includes one or more related accounts, and the related accounts includes the first account.Type: GrantFiled: November 30, 2011Date of Patent: December 17, 2013Assignee: Financial Systems Technology (Intellectual Property) Pty LtdInventor: Robert A. Foster
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Publication number: 20130268323Abstract: The present invention provides methods and systems for pricing financial transactions by defining product rules, providing links to appropriate price tables, and calculating a price for a financial transaction. A data processing system in accordance with one embodiment of the present invention, creates a product rule corresponding to a financial transaction. The product rule contains mandatory attributes and optional attributes. Optional attributes may be looked up using identifiers constructed from said mandatory attributes. Optional attributes include a link to a price table which contains further attributes, including a pricing method. A price is then calculated in accordance with the pricing method. Billing is completed according to the billing method for the particular financial transaction.Type: ApplicationFiled: November 30, 2012Publication date: October 10, 2013Applicant: Financial Systems Technology (Intellectual Property) Pty. Ltd.Inventor: Robert A. Foster
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Patent number: 8355952Abstract: The present invention provides methods and systems for pricing financial transactions by defining product rules, providing links to appropriate price tables, and calculating a price for a financial transaction. A data processing system in accordance with one embodiment of the present invention, creates a product rule corresponding to a financial transaction. The product rule contains mandatory attributes and optional attributes. Optional attributes may be looked up using identifiers constructed from said mandatory attributes. Optional attributes include a link to a price table which contains further attributes, including a pricing method. A price is then calculated in accordance with the pricing method. Billing is completed according to the billing method for the particular financial transaction.Type: GrantFiled: April 5, 2012Date of Patent: January 15, 2013Assignee: Financial Systems Technology (Intellectual Property) PTY. Ltd.Inventor: Robert A. Foster
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Patent number: 8185440Abstract: The present invention provides methods and systems for pricing financial transactions by defining product rules, providing links to appropriate price tables, and calculating a price for a financial transaction. A data processing system in accordance with one embodiment of the present invention, creates a product rule corresponding to a financial transaction. The product rule contains mandatory attributes and optional attributes. Optional attributes may be looked up using identifiers constructed from said mandatory attributes. Optional attributes include a link to a price table which contains further attributes, including a pricing method. A price is then calculated in accordance with the pricing method. Billing is completed according to the billing method for the particular financial transaction.Type: GrantFiled: June 16, 2010Date of Patent: May 22, 2012Assignee: Financial Systems Technology (Intellectual Property) Pty. Ltd.Inventor: Robert A. Foster
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Publication number: 20120101924Abstract: A system and method are provided for facilitating real-time pricing with volume discounting. The method includes receiving a request for a real-time price quote for a transaction from a first account. The request is received at a first instance in time during a billing cycle. The method also includes determining a first production service, where the first production service is a component of the transaction, and determining a count of first production service instances representing the first production service in the received transaction. The method further includes determining a billable entity for the transaction, where the billable entity includes one or more related accounts, and the related accounts includes the first account.Type: ApplicationFiled: November 30, 2011Publication date: April 26, 2012Applicant: FINANCIAL SYSTEMS TECHNOLOGY (INTELLECTUAL PROPERTY) PTY LTDInventor: Robert A. Foster
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Publication number: 20120005052Abstract: The present invention provides methods and systems for defining financial transaction components; defining mapping rules for taking individual financial transactions and breaking them down into their components, such as production services, billing services and settlement services. A data processing system in accordance with one embodiment of the present invention, creates a transaction instance corresponding to a financial transaction, creates a production service instance linked to the transaction instance by a first relation instance, and creates a billing service instance linked to the production service instance by a second relation instance. The data processing system, may also create other production service instances linked to the transaction instance using other relation instances, as well as, other billing service instances linked to the production service instances.Type: ApplicationFiled: August 2, 2011Publication date: January 5, 2012Applicant: FINANCIAL SYSTEMS TECHNOLOGY (INTELLECTUAL PROPERTY) PTY LTDInventor: Robert A. Foster
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Patent number: 8090634Abstract: A system and method are provided for facilitating real-time pricing with volume discounting. The method includes receiving a request for a real-time price quote for a transaction from a first account. The request is received at a first instance in time during a billing cycle. The method also includes determining a first production service, where the first production service is a component of the transaction, and determining a count of first production service instances representing the first production service in the received transaction. The method further includes determining a billable entity for the transaction, where the billable entity includes one or more related accounts, and the related accounts includes the first account.Type: GrantFiled: September 9, 2009Date of Patent: January 3, 2012Assignee: Financial Systems Technology (Intellectual Property) Pty LtdInventor: Robert A. Foster
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Patent number: 8015109Abstract: The present invention provides methods and systems for defining financial transaction components; defining mapping rules for taking individual financial transactions and breaking them down into their components, such as production services, billing services and settlement services. A data processing system in accordance with one embodiment of the present invention, creates a transaction instance corresponding to a financial transaction, creates a production service instance linked to the transaction instance by a first relation instance, and creates a billing service instance linked to the production service instance by a second relation instance. The data processing system, may also create other production service instances linked to the transaction instance using other relation instances, as well as, other billing service instances linked to the production service instances.Type: GrantFiled: November 23, 2004Date of Patent: September 6, 2011Assignee: Financial Systems Technology (Intellectual Property) Pty. Ltd.Inventor: Robert A. Foster
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Patent number: 7966231Abstract: A method and a system for determining taxes attributable to a financial transaction create a tax rate table, link an entity of the financial transaction to the tax rate table through a product rule, and calculate taxes based on the tax rate table according to one component of the financial transaction. The tax rate tables can be linked by a default product rule, which is a defined by a global variable. Alternatively, specific product rules can be used to link specific entities, such as tax jurisdiction records, or legal entity records. In one application, the method and the system calculate revenue tax, cost tax, input tax, and profits for each transaction. The method and the system may further include multi-currency support analysis for a financial transaction so that a financial transaction can be analyzed under a common currency, even though the financial transaction is conducted using one or more currencies in one or more jurisdictions.Type: GrantFiled: September 11, 2006Date of Patent: June 21, 2011Assignee: Financial Systems Technology (Intellectual Property) Pty. Ltd.Inventor: Robert A. Foster
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Patent number: 7827064Abstract: The present invention provides methods and systems for pricing financial transactions by defining product rules, providing links to appropriate price tables, and calculating a price for a financial transaction. A data processing system in accordance with one embodiment of the present invention, creates a product rule corresponding to a financial transaction. The product rule contains mandatory attributes and optional attributes. Optional attributes may be looked up using identifiers constructed from said mandatory attributes. Optional attributes include a link to a price table which contains further attributes, including a pricing method. A price is then calculated in accordance with the pricing method. Billing is completed according to the billing method for the particular financial transaction.Type: GrantFiled: October 30, 1998Date of Patent: November 2, 2010Assignee: Financial Systems Technology (Intellectual Property) Pty. Ltd.Inventor: Robert A. Foster
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Patent number: 7664696Abstract: The present invention provides methods and systems for defining financial transaction components; defining mapping rules for taking individual financial transactions and breaking them down into their components, such as production services, billing services and settlement services. A data processing system in accordance with one embodiment of the present invention, creates a transaction instance corresponding to a financial transaction, creates a production service instance linked to the transaction instance by a first relation instance, and creates a billing service instance linked to the production service instance by a second relation instance. The data processing system, may also create other production service instances linked to the transaction instance using other relation instances, as well as, other billing service instances linked to the production service instances.Type: GrantFiled: February 20, 2003Date of Patent: February 16, 2010Assignee: Financial Systems Technology (Intellectual Property) Pty. Ltd.Inventor: Robert A. Foster
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Patent number: 7606744Abstract: A system and method are provided for facilitating real-time pricing with volume discounting. The method includes receiving a request for a real-time price quote for a transaction from a first account. The request is received at a first instance in time during a billing cycle. The method also includes determining a first production service, where the first production service is a component of the transaction, and determining a count of first production service instances representing the first production service in the received transaction. The method further includes determining a billable entity for the transaction, where the billable entity includes one or more related accounts, and the related accounts includes the first account.Type: GrantFiled: February 16, 2001Date of Patent: October 20, 2009Assignee: Financial Systems Technology (Intellectual Property) Pty. Ltd.Inventor: Robert A. Foster
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Patent number: 7127420Abstract: The present invention provides methods and systems for defining financial transaction components; defining mapping rules for taking individual financial transactions and breaking them down into their components, such as production services, billing services and settlement services. A data processing system in accordance with one embodiment of the present invention, creates a transaction instance corresponding to a financial transaction, creates a production service instance linked to the transaction instance by a first relation instance, and creates a billing service instance linked to the production service instance by a second relation instance. The data processing system, may also create other production service instances linked to the transaction instance using other relation instances, as well as, other billing service instances linked to the production service instances.Type: GrantFiled: March 27, 2000Date of Patent: October 24, 2006Assignee: Financial Systems Technology (Intellectual Property) Pty. Ltd.Inventor: Robert A. Foster
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Patent number: RE40235Abstract: Machine automated techniques are described for a method of data processing called Relationships Processing. A computing system is disclosed which provides for the high speed recording and extraction of data objects (entities) and for the development of data representing a queried relationship between the entities. Furthermore, methods and systems are disclosed to detect mandatory relations violation between entities by examining whether certain relations exist. The system is expandable to handle the relatively voluminous data bases of large commercial data repositories. A user defines a set of entities and allowed relationships between the entities. The user can expand this set of allowed entities and relationships at any time during the life of the system without reprogramming or compiling of computer program code or disrupting concurrent operational use of the system. Large systems can now be built that are no longer limited to the scope of design requirements known during initial system development.Type: GrantFiled: June 14, 2005Date of Patent: April 8, 2008Assignee: Financial Systems Technology (Intellectual Property) Pty, Ltd.Inventor: Karol Doktor
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Patent number: RE40520Abstract: Machine automated techniques are described for a method of data processing called Relationships Processing. A computing system is disclosed which provides for the high speed recording and extraction of data objects (entities) and for the development data representing a queried relationship between the entities. The system is expandable to handle the relatively voluminous data bases of large, commercial data repositories. A user defines set of entities and allowed relationships between the entities. The user can expand this set of allowed entities and relationships at any time during the life of the system without reprogramming or compiling of computer program code or disrupting concurrent operational use of the system. Large systems can now be built that are no longer limited to a scope of design requirements known during initial systems development.Type: GrantFiled: June 14, 2005Date of Patent: September 23, 2008Assignee: Financial Systems Technology (Intellectual Property) Pty LtdInventor: Karol Doktor
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Patent number: RE40526Abstract: A relationships processing computing system provides for the recording and extraction of data objects (entities) and for development data representing a queried relationship between data objects (entities). The set of entities and relationships may be expanded at any time during the life of the system without reprogramming or compiling computer code and without disrupting concurrent use of the system. Complex inquiries, normally requiring multiple nested queries, may be performed without code level programming.Type: GrantFiled: June 14, 2005Date of Patent: September 30, 2008Assignee: Financial Systems Technology (Intellectual Property) Pty LtdInventor: Karol Doktor