Citigroup Patents

Citigroup Inc. provides financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management, to consumers, corporations, governments and institutions.

Citigroup Patents by Type

  • Publication number: 20130297490
    Abstract: Methods and systems for routing payment transactions electronically for multinational vendors in a transnational business environment in which an integrated payments platform processor is used in receiving payment transactions related to a plurality of different countries by a financial institution for online purchases. Each payment transaction is interrogated, using the integrated payments platform processor, to identify the payment transaction as an internal type of transaction or an external type of transaction and a country to which the payment transaction relates. Internal types of transactions are routed to an internal transaction processing path and external types of transactions to an external processing path, and the financial institution may arrange settlement of each payment transaction likewise using the processor.
    Type: Application
    Filed: May 3, 2012
    Publication date: November 7, 2013
    Applicant: Citigroup Technology, Inc.
    Inventors: Deborah D. McWhinney, Julia C. Pukas, Kevin Tissot, Guy B. Sereff, Cecilia Leung, Julie Monaco, David Strong, Craig Hansen
  • Patent number: 8560452
    Abstract: Methods and systems for routing payment transactions electronically involve interrogating by computer logic each payment transaction received by a payments interface processor to identify a payment destination and a payment source and to determine, according to pre-defined parameters, whether the payment transaction is eligible for processing via an internal payment transaction processor of the financial institution that minimizes processing costs. Eligible payment transactions may be routed, for example, to an internal debit or credit card processor or ACH processor, and ineligible payment transactions may be routed to external card processing networks.
    Type: Grant
    Filed: April 19, 2013
    Date of Patent: October 15, 2013
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Sean T. Lynch, Dickson Chu
  • Patent number: 8560445
    Abstract: A method and system for managing transaction card accounts involves providing a customer a transaction card account by a financial institution against which the customer can charge predetermined types of transactions during predefined account statement periods and sending a statement of charges against the account to the customer at an end of each account statement period specifying a due date, after which a predefined late fee is assessed on the account if the statement is not paid. However, the late fee is automatically waived on the account within specified products if the customer makes a purchase or secures a cash advance during the account statement period for which the payment is due. Further, a voice response unit of the financial institution gives the customer a first menu option to opt out of a voice response unit scripted call and speak directly to a live representative about the account at any time during the call.
    Type: Grant
    Filed: October 13, 2006
    Date of Patent: October 15, 2013
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Glennon Franklin, Edmond Eger
  • Publication number: 20130268420
    Abstract: Methods and systems for real-time, interactive solutioning and visualization of working capital for an enterprise employ a processor coupled to memory and other computer hardware and software components for storing fixed data consisting at least in part of information regarding financial institution products and information regarding governmental regulations; storing variable data consisting at least in part of information regarding operations of the enterprise; receiving variable data interactively consisting at least in part of information regarding enterprise preferences; and generating at least one recommendation for a proposed structure for the enterprise based at least in part on the fixed data and the variable data.
    Type: Application
    Filed: April 5, 2013
    Publication date: October 10, 2013
    Applicant: Citigroup Technology, Inc.
    Inventors: Shi Wei Ong, E May Neoh, Stephen Chan, Keng Mun Lee, Kwan Hoon Park, Andrew Kehoe, Alfonso Martin, Anthony Nappi, Geraldine Yip, Dianne Challenor, Sudeep Yadav, Gourang Shah, Philippe Jaccard, Jason Batman, Mike David, Danielle Johnson, Peter Williams, Elizabeth Towler, Gary Greenwald, Yogesh Ajinkya, Sabiha Kazi
  • Patent number: 8554672
    Abstract: A method and system for performing a cash transaction with a self-service financial transaction terminal makes use of computer hardware and software that allows a financial institution cardholder to authorize a recipient to withdraw a specified amount of cash at an ATM of the particular financial institution. The cardholder can set up the transaction, for example, from any telephone using an interactive voice response (IVR) system, or by utilizing the application at a financial institution ATM, or by using an Internet website application. The originator can set up the recipient's ATM transaction to be either cardless or card-initiated.
    Type: Grant
    Filed: December 27, 2012
    Date of Patent: October 8, 2013
    Assignee: Citicorp Development Center, Inc.
    Inventors: Carol J. Rizzo, Phoebe Rin-Rin Hsu, Michael L. Sears
  • Publication number: 20130262292
    Abstract: Methods and systems of processing payments globally over one of a plurality of payment processing paths employ computer hardware and software for receiving a request to access a global payment utility, presenting a plurality of payment options by the global payment utility, and receiving information by the global payment utility consisting at least in part of a source of payment, a payment destination, and a user-designated payment vehicle. Upon receiving the information, one of a plurality of payment processing paths for the payment is selected according to a clearing rules aspect of a rules engine of the global payment utility, and the payment is routed for processing via the selected payment processing path.
    Type: Application
    Filed: March 27, 2012
    Publication date: October 3, 2013
    Applicant: Citigroup Credit Services, Inc.
    Inventors: Darren Davis, Tom Koch, John D. Miller, Eric Philips, Guy B. Sereff, Stacy Tobias, Vasu Vemuri, Rochelle Wesselink, Scott Tanguay, Robert Strub, Caleb Williams, Shamus Weiland
  • Patent number: 8548929
    Abstract: A method and system for managing employment candidate data utilizes a pre-screen application to enable pre-screening of employment candidates who log on to a website and are prompted to enter additional information and schedule pre-employment tests via the website. The method and system for managing employment candidate data also uses a tracking and testing application to handle screening of candidates' paper-based applications, administration of interviews, hiring pool management, job offer support, and scheduling of training, and is integrated with an applicant tracking system. A resume tracking application of the method and system for managing employment candidate data automatically identifies and merges duplicate resume information to create a single unique resume in the tracking system.
    Type: Grant
    Filed: June 10, 2003
    Date of Patent: October 1, 2013
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Gregory Goodwin, Andrew L. Anderson, Stefan Zander, Narciso Tauler, William J. Brannen, Candice B. Morris
  • Patent number: 8548909
    Abstract: A method and system for building an Internet portal provides a portal toolkit platform consisting at least in part of a portal application server and a web server associated with the portal toolkit platform that is accessible by at least one end user. A business is allowed to access the portal application server and fill one or more content management templates from a selection of content management templates governing content elements to be presented to end users via the website server. When an end user accesses the website server, content governed by the template is presented for the end user by the portal application server via the web server. The business can populate a database with content and populate the web server, for example, with a set of images, HTML files, and other assets such as PDF files and build an Internet portal on top of the toolkit as an approach to integrating transaction systems.
    Type: Grant
    Filed: December 31, 2002
    Date of Patent: October 1, 2013
    Assignee: Citicorp Development Center, Inc.
    Inventors: Harvey Snow, Patrick Law
  • Publication number: 20130254000
    Abstract: Methods and systems for generating customer incentive awards involve receiving, using a processor coupled to memory, information regarding a balance of a deposit account, such as a savings account, of at least one customer for determination of an award amount related to a loan account of the customer. Using the processor, the award amount may be computed based on at least in part on the balance of the deposit account and at least in part on an interest rate of the loan account of the customer. Thereafter, likewise using the processor, the award amount may be applied to an account designated by the customer, such as a mortgage loan account of the customer.
    Type: Application
    Filed: May 14, 2013
    Publication date: September 26, 2013
    Applicant: Citibank, N.A.
    Inventors: Eric William Bloomquist, Brian Dennis Brown
  • Patent number: 8543982
    Abstract: A financial institution can provide financial services to a plurality of remote devices, such as personal computers, personal data assistants, screen phones, automatic teller machines, external service providers, and internally to staff terminals and individual branches. By separating the components of the system into independent components, the system and method can be developed and tested on a component level rather than the entire system level, thereby reducing the development and maintenance cycle time. The system and method operate in sessions and can employ a dialog component for gathering information from a customer, a rule broker component for providing answers to the various legal and regulatory rules in a particular country, a language man component for selecting appropriate language, a transaction executor component for performing transactions, and a presentation manager component for formatting outputs to the customer.
    Type: Grant
    Filed: June 22, 2007
    Date of Patent: September 24, 2013
    Assignee: Citicorp Development Center, Inc.
    Inventors: James Zeanah, Charles Abbott, Nik Boyd, Albert Cohen, James Cook, Michael Grandcolas, Sikun Lan, Bonnie Lindsley, Grigor Markarian, Leslie Moss
  • Patent number: 8543506
    Abstract: A delivery system and method allow a financial institution to provide financial services to a plurality of remote devices. The system is comprised of a set of re-usable global components which are modular and are organized into services sets. The system and method operate in sessions and, for instance, employ a dialog component for gathering information from a customer, a rule broker component for providing answers to the various legal and regulatory rules in a particular country, a language man component for selecting appropriate language, a transaction executor component for performing transactions, and a presentation manager component for formatting outputs to the customer. The system and method provide state-of-the art interfaces that can be configured and delivered to the customer in a globally consistent format that is based on the customer's account profile, various languages, various currencies, different legal regulatory requirements, as well as, different sets of business products.
    Type: Grant
    Filed: November 17, 2011
    Date of Patent: September 24, 2013
    Assignee: Citibank Development Center, Inc.
    Inventors: Michael L. Grandcolas, Nancy Bryant, Howard A. Schechtman, Dilip J. Parekh
  • Publication number: 20130238493
    Abstract: Methods and systems for routing payment transactions electronically involve interrogating by computer logic each payment transaction received by a payments interface processor to identify a payment destination and a payment source and to determine, according to pre-defined parameters, whether the payment transaction is eligible for processing via an internal payment transaction processor of the financial institution that minimizes processing costs. Eligible payment transactions may be routed, for example, to an internal debit or credit card processor or ACH processor, and ineligible payment transactions may be routed to external card processing networks.
    Type: Application
    Filed: April 19, 2013
    Publication date: September 12, 2013
    Applicant: Citicorp Credit Services, Inc.
    Inventors: Sean T. Lynch, Dickson Chu
  • Publication number: 20130238497
    Abstract: Methods and systems for performing a pre-staged financial transaction using a computing device involve, for example, receiving, using a self-service transaction terminal processor, pre-staged transaction data in a session at the self-service financial transaction terminal, which pre-staged transaction data was entered on a mobile computing device at a time preceding a time of the session. Thereafter, using the self-service transaction terminal processor, a transaction is executed, based at least in part on the pre-staged transaction data.
    Type: Application
    Filed: March 8, 2012
    Publication date: September 12, 2013
    Applicant: Citicorp Development Center, Inc.
    Inventors: Renjith Ramachandran, Erwin Catindig, Naeem Rana, Lakshmi Maddala Ragavendra Swamy, Jason Orn
  • Publication number: 20130232032
    Abstract: Methods and systems for performing mobile collections utilize computer hardware and software for receiving delivery information including, for example, an agent identifier, a delivery identifier and details of a scheduled delivery, and a buyer identifier. Upon receiving the delivery identifier and a submit request from a communication device of the agent, an authorization request is sent to a communication device of the buyer. On receiving the buyer identifier and an authorization response from the communication device of buyer, a settlement request for the delivery is sent to a banking network. Thereafter, payment for the delivery is received in an account of the supplier.
    Type: Application
    Filed: March 1, 2012
    Publication date: September 5, 2013
    Applicant: Citibank Europe plc
    Inventors: Preeti Chaturvedi, David Fleming, Michael Knorr, Tomasz Smilowicz, Thomas Ko, Gerard Doyle
  • Publication number: 20130218698
    Abstract: The present invention relates particularly to a method and system for consolidating a plurality of a consumer's payment and non-payment source accounts into a consolidated platform with a customer identification or available proxy account numbers that can be assigned to source accounts. The source accounts can be, for example, credit card accounts, ATM accounts, debit card accounts, demand deposit accounts, stored-value accounts, merchant-loyalty card accounts, membership accounts, and identification card numbers. The consumer can access and modify any of the source accounts and manage funds across the source accounts by accessing the consolidated platform with a single access device or mode.
    Type: Application
    Filed: March 27, 2013
    Publication date: August 22, 2013
    Applicant: Citicorp Credit Services Incorporated
    Inventor: Citicorp Credit Services Incorporated
  • Patent number: 8504453
    Abstract: The present invention relates to a method and system for offering mandatorily convertible securities (e.g., DECS) with associated forward purchase contracts and call options. Each mandatorily convertible security combines a forward purchase contract, a mandatory portable remarketable security, and a call option to form a single investment unit. The call option provides additional capital to the issuer of the investment unit and profits to the remarketing agent handling the mandatory portable remarketable security.
    Type: Grant
    Filed: January 22, 2009
    Date of Patent: August 6, 2013
    Assignee: Citigroup Global Markets Inc.
    Inventors: John Dickey, Adam Dohrenwend, Peter Jurdjevic, Daniel Khouri, Stanley Louie, Vincent Vignale
  • Patent number: 8498898
    Abstract: A system and method that allows a group of organizations, e.g. a group of transit agencies, to provide their users with a stored value smart card payment method that rewards them for actual use. The system and method include a card interface device and a smart card for storing respective reward applications, wherein the card interface device reward application retrieves transaction and reward data from the smart card and processes the data within the card interface device in order to determine a transaction reward.
    Type: Grant
    Filed: March 16, 2000
    Date of Patent: July 30, 2013
    Assignee: Citicorp Development Center, Inc.
    Inventors: Mark F. Kogen, Ramiro Munoz
  • Patent number: 8498902
    Abstract: A method and system for the clearing and settlement of funds among a plurality of participants facilitates the integration of a “closed” special purpose industry sector, such as the transit industry, within an open financial payment system. A method for clearing and settling funds among a plurality of participants comprises receiving data relating to transactions from the plurality of participants, organizing the data into groups associated with each of the plurality of participants, summing the data in the groups to determine a total funds due to and from each of the plurality of participants, and settling the difference among the plurality of participants by transferring funds to the participants owed funds and collecting funds from the participants who owe funds.
    Type: Grant
    Filed: April 26, 2000
    Date of Patent: July 30, 2013
    Assignee: Citicorp Development Center, Inc.
    Inventors: Mark F. Kogen, Ramiro M. Munoz
  • Patent number: 8489483
    Abstract: A method performed by a transfer instrument issuer involves issuing, to a recipient, a certificate which is linked to a national card account obtained by the transfer instrument issuer from an account issuer different from the transfer instrument issuer, without both issuing and providing a physical card for the national card account to the recipient of the certificate, the certificate having been purchased by a purchaser, who is not also the recipient, and containing all information necessary for the purchase of goods or services from any merchant who is capable of processing economic transactions involving one of the plurality national card accounts for which a physical card has issued, but without presentment of the physical card.
    Type: Grant
    Filed: January 24, 2013
    Date of Patent: July 16, 2013
    Assignee: Citibank, N.A.
    Inventors: Matthew J. Gillin, Roger Korfmann, Paul L. Raden
  • Patent number: 8463703
    Abstract: Methods and systems for generating customer incentive awards involve receiving, using a processor coupled to memory, information regarding a balance of a deposit account, such as a savings account, of at least one customer for determination of an award amount related to a loan account of the customer. Using the processor, the award amount may be computed based on at least in part on the balance of the deposit account and at least in part on an interest rate of the loan account of the customer. Thereafter, likewise using the processor, the award amount may be applied to an account designated by the customer, such as a mortgage loan account of the customer.
    Type: Grant
    Filed: February 22, 2012
    Date of Patent: June 11, 2013
    Assignee: Citibank, N.A.
    Inventors: Eric William Bloomquist, Brian Dennis Brown
  • Patent number: 8458126
    Abstract: A method for updating web pages on a web server without republishing the web pages involves providing a live version on a production database and a quality assurance version on a quality assurance web server. A maker at a business workstation can access the quality assurance database server and enter a change to data on the quality assurance version of the business data tables, and a checker at the business workstation accesses the quality assurance database server to review and approve or reject changes to the data on the quality assurance version of the business data tables, and if the checker approves the changes, the changes to the data on the quality assurance version of the business data tables are replicated from the quality assurance database server to the live version on the production database server.
    Type: Grant
    Filed: December 19, 2011
    Date of Patent: June 4, 2013
    Assignee: Citicorp Development Center, Inc.
    Inventors: Roy Sykes, Joseph Zusman, Sikun Lan, Kent Frazier, Tyler Young, Yong Huang, Stanislav Solari
  • Patent number: 8452704
    Abstract: A method and system for making on-line payments makes use of computer hardware and software and utilizes, for example, a payment engine that facilitates the making of payments via the Internet. A user enrolls for the on-line payments service, designates a source account for the on-line payments, and is provided a transaction account as a money deposit account with an account number that the user can use as a source and a destination of funds and with one or more service levels. The user can make, for example, on-line payments, on-line and/or off-line purchases, cash withdrawals at an ATM, credit card account payments, bill payments, and/or international payments with funds in the transaction account and/or a line of credit associated with the transaction account.
    Type: Grant
    Filed: July 11, 2001
    Date of Patent: May 28, 2013
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Ellen Barbara, Antony Jenkins
  • Patent number: 8447693
    Abstract: Methods and systems for routing payment transactions electronically involve interrogating by computer logic each payment transaction received by a payments interface processor to identify a payment destination and a payment source and to determine, according to pre-defined parameters, whether the payment transaction is eligible for processing via an internal payment transaction processor of the financial institution that minimizes processing costs. Eligible payment transactions may be routed, for example, to an internal debit or credit card processor or ACH processor, and ineligible payment transactions may be routed to external card processing networks.
    Type: Grant
    Filed: April 13, 2011
    Date of Patent: May 21, 2013
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Sean T. Lynch, Dickson Chu
  • Publication number: 20130103612
    Abstract: The present invention relates to a method and system for assessing the risks and/or exposures associated with financial transactions using various statistical and probabilistic techniques. Specifically, the present invention relates to a method and system for identifying plausible sources of error in data used as input to financial risk assessment systems using Bayesian belief networks as a normative diagnostic tool to model relationships between and among inputs/outputs of the risk assessment system and other external factors.
    Type: Application
    Filed: December 10, 2012
    Publication date: April 25, 2013
    Applicant: Citibank, N.A.
    Inventor: Citibank, N.A.
  • Publication number: 20130097429
    Abstract: A method and system for securely logging onto a banking system authentication server so that a user credential never appears in the clear during interaction with the system in which a user's credential is DES encrypted, and the DES key is PKI encrypted with the public key of an application server by an encryption applet before being transmitted to the application server. Within the HSM of the application server, the HSM decrypts and re-encrypts the credential under a new DES key known to the authentication server, the re-encrypted credential is forwarded to the authentication server, decrypted with the new DES key known to the authentication server, and verified by the authentication server.
    Type: Application
    Filed: September 21, 2012
    Publication date: April 18, 2013
    Applicant: CITIBANK DEVELOPMENT CENTER, INC.
    Inventor: CITIBANK DEVELOPMENT CENTER, INC.
  • Patent number: 8412623
    Abstract: The present invention relates particularly to a method and system for consolidating a plurality of a consumer's payment and non-payment source accounts into a consolidated platform with a customer identification or available proxy account numbers that can be assigned to source accounts. The source accounts can be, for example, credit card accounts, ATM accounts, debit card accounts, demand deposit accounts, stored-value accounts, merchant-loyalty card accounts, membership accounts, and identification card numbers. The consumer can access and modify any of the source accounts and manage funds across the source accounts by accessing the consolidated platform with a single access device or mode.
    Type: Grant
    Filed: April 11, 2003
    Date of Patent: April 2, 2013
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Susan Moon, Hugh Aller, Eric Yellin, Kellie Knox, Jeff Schumacher
  • Publication number: 20130073594
    Abstract: Methods and systems for assessing data involve, collecting samples of data elements from a database storing a population of data elements representing attributes of each numerous different financial transactions. Critical data elements from the collected samples are determined. Data quality rules are built and data dimensions are calculated for the critical data elements. A quality of data within the critical data elements for different data quality dimensions is monitored. Critical data elements that produce a high number of outliers are identified and causes for the outliers are identified. Thereafter, a corrective action plan to address a solution for the causes for the outliers may be developed and executed.
    Type: Application
    Filed: September 19, 2011
    Publication date: March 21, 2013
    Applicant: Citigroup Technology, Inc.
    Inventors: Rajesh Jugulum, Rajalakshmi Ramachandran, Jagmeet Singh, Robert A. Granese, Kenneth Brzozowski, Harold Ian Joyce, Don Gray
  • Publication number: 20130073606
    Abstract: Methods and systems for generating and reusing dynamic web content involve, for example, automatically generating client-side code on a server at run time, and automatically downloading the client-side code to the client side at run time. The client-side code is executed on the client side to become a widget with dynamic behavior attributes displayed as a component of a web page on a display screen of a client-side computing device. Dynamic behavior of the client-side code may triggered via an event handler mechanism wherein properties of the client-side code are dynamically changed without affecting any other content on the web page. The widget may be redisplayed on a subsequent occasion with a change in the widget without regenerating the client-side code.
    Type: Application
    Filed: September 15, 2011
    Publication date: March 21, 2013
    Applicant: Citicorp Development Center, Inc.
    Inventors: France Law-How-Hung, Ramadurai V. Ram
  • Patent number: 8392306
    Abstract: A method performed by a transfer instrument issuer involves issuing, to a recipient, a certificate which is linked to a national card account obtained by the transfer instrument issuer from an account issuer different from the transfer instrument issuer, without both issuing and providing a physical card for the national card account to the recipient of the certificate, the certificate having been purchased by a purchaser, who is not also the recipient, and containing all information necessary for the purchase of goods or services from any merchant who is capable of processing economic transactions involving one of the plurality national card accounts for which a physical card has issued, but without presentment of the physical card.
    Type: Grant
    Filed: November 15, 2011
    Date of Patent: March 5, 2013
    Assignee: Citibank, N.A.
    Inventors: Matthew J. Gillin, Roger Korfmann, Paul L. Raden
  • Publication number: 20130041746
    Abstract: Methods and systems of electronic messaging for verification and/or authentication purposes using a point of sale terminal and a card transaction processing network involve, for example, receiving data consisting at least in part of a consumer's identifier that is processable through a transaction card processing network and a nominal monetary amount which is an indicator that the data relates at least in part to a coupon redemption for a consumer. Other aspects include, for example, using different nominal amounts to distinguish between multiple promotions and processing overcharges. Additional aspects involve, for example, receiving data consisting at least in part of an identifier for a registrant that is processable through a transaction card processing network and a nominal monetary amount which serves at least in part to identify a command message on behalf of the registrant.
    Type: Application
    Filed: August 10, 2011
    Publication date: February 14, 2013
    Applicant: Citibank, N.A.
    Inventors: Eran Hollander, Andrew John Kese, Carrie Jubinski, Nicole Carroll, Allison Lindemann
  • Publication number: 20130041767
    Abstract: Methods and systems for communicating information from a specially programmed smart point-of-sale terminal involve receiving transaction information at the terminal, recognizing that the transaction relates to a redemption function, adjusting the transaction amount accordingly, and routing an approval request for the adjusted amount to a card issuer processor via a card association transaction processing network. In another aspect, information is received at the terminal which recognizes that the information relates to a third party function and routes a message to the third party processor via a merchant acquirer processor while bypassing the card association transaction processing network. Thereafter, the third party processor performs the third party function and returns a message related at least in part to the performance of the third party function to the smart point-of-sale terminal processor via the merchant acquirer processor.
    Type: Application
    Filed: October 31, 2011
    Publication date: February 14, 2013
    Applicant: Citibank, N.A.
    Inventors: Eran Hollander, Andrew John Kese, Carrie Jubinski, Nicole Carroll, Allison Lindemann
  • Publication number: 20130041817
    Abstract: Methods and systems for activating an electronic payments infrastructure employ, for example, a token consisting at least in part of a unique identifier assigned to an inactive header account which is provided on a customer's electronic device. The unique identifier is processable via a transaction processing network. A request, which includes customer information, is received to verify that activation of the header account for the customer is compliant with predefined customer identification rules. A determination is made that activation of the header account for the customer is compliant with the predefined customer identification rules. An activation message is sent to the customer's device using the interface processor, the header account is linked to a digital wallet on a database, and the customer's designation of a source account for the digital wallet is received on the database. The header account can be used in transactions with either on-us or off-us source accounts.
    Type: Application
    Filed: August 12, 2011
    Publication date: February 14, 2013
    Applicant: Citibank, N.A.
    Inventors: Gary Greenwald, Dickson Chu
  • Patent number: 8364589
    Abstract: A method and system for performing a cash transaction with a self-service financial transaction terminal makes use of computer hardware and software that allows a financial institution cardholder to authorize a recipient to withdraw a specified amount of cash at an ATM of the particular financial institution. The cardholder can set up the transaction, for example, from any telephone using an interactive voice response (IVR) system, or by utilizing the application at a financial institution ATM, or by using an Internet website application. The originator can set up the recipient's ATM transaction to be either cardless or card-initiated.
    Type: Grant
    Filed: September 6, 2011
    Date of Patent: January 29, 2013
    Assignee: Citicorp Development Center, Inc.
    Inventors: Carol J. Rizzo, Phoebe Rin-Rin Hsu, Michael L. Sears
  • Patent number: 8346678
    Abstract: Described herein is an enabling product that facilitates implementation of an m-commerce business solution. According to an embodiment of the present invention an m-commerce solution includes: a content provider or merchant site that provides products and goods to be purchased; a payment system allowing online authorization of funds to purchase the goods; and a wireless network for all customer interactions. Embodiments described herein perform at least one of the following three functions: 1) protocol conversions; 2) customer information reposing, and 3) payment authorization system interfacing.
    Type: Grant
    Filed: October 28, 2010
    Date of Patent: January 1, 2013
    Assignee: Citicorp Development Center, Inc.
    Inventors: Grigor Markarian, Ramadurai Vaidyanathan, Arun Ahuja, Albert Cohen, Anand Tata
  • Patent number: 8346677
    Abstract: Described herein is an enabling product that facilitates implementation of an m-commerce business solution. According to an embodiment of the present invention an m-commerce solution includes: a content provider or merchant site that provides products and goods to be purchased; a payment system allowing online authorization of funds to purchase the goods; and a wireless network for all customer interactions. Embodiments described herein perform at least one of the following three functions: 1) protocol conversions; 2) customer information reposing, and 3) payment authorization system interfacing.
    Type: Grant
    Filed: December 28, 2001
    Date of Patent: January 1, 2013
    Assignee: Citicorp Development Center, Inc.
    Inventors: Grigor Markarian, Ramadurai Vaidyanathan, Arun Ahuja, Albert Cohen, Anand Tata
  • Patent number: 8346663
    Abstract: A method and system of smart card banking utilizes a contactless communication interface, such as infrared or a wireless or radio frequency interface, including, for example, a proximity interface. A contactless communication is initiated for a smart card user between a smart card application and the on-line system of a financial institution, such as a bank, the system verifies authorization for the communication, the information is communicated for the user to the on-line system. The contactless communication is initiated, and the information is communicated, for example, between a contactless interface transceiver of a personal data assistant, into which the smart card is inserted, and the contactless interface transceiver of an on-line terminal. Alternatively, the contactless communication is initiated, and the information is communicated between a contactless interface transceiver of the smart card and the contactless interface transceiver of the terminal.
    Type: Grant
    Filed: January 28, 1999
    Date of Patent: January 1, 2013
    Assignee: Citicorp Development Center, Inc.
    Inventor: Joseph C. Kawan
  • Patent number: 8347086
    Abstract: A system and method of guaranteeing the presence of secure and tamper-proof remote files over a distributed communication medium, such as the Internet, is provided. The system and method automatically detects, and then self-repairs corrupt, modified or non-existent remote files. The method first performs an integrity check on a remote file and then determines whether the integrity check passed. If the integrity check passed, then the user goes through the authentication process as normal. If the integrity check fails, then the present invention redirects to an install module in order to prepare to reinstall the remote file. Via the install module, the present invention then reinstalls the remote file and the user is then taken through the authentication process as normal.
    Type: Grant
    Filed: December 17, 2001
    Date of Patent: January 1, 2013
    Assignee: Citibank, N.A.
    Inventors: Steve Vlcan, Bikram S Bakshi
  • Patent number: 8341075
    Abstract: The present invention relates to a method and system for assessing the risks and/or exposures associated with financial transactions using various statistical and probabilistic techniques. Specifically, the present invention relates to a method and system for identifying plausible sources of error in data used as input to financial risk assessment systems using Bayesian belief networks as a normative diagnostic tool to model relationships between and among inputs/outputs of the risk assessment system and other external factors.
    Type: Grant
    Filed: September 13, 2011
    Date of Patent: December 25, 2012
    Assignee: Citibank, N.A.
    Inventor: Ronald Coleman
  • Patent number: 8327429
    Abstract: Described herein are systems and methods for centralizing and standardizing implementation of security tokens so as to provide one token per one user for accessing business applications across an enterprise, providing scalability to support authentication of as many enterprise users as desired or needed, and providing a standardized token management interface that supports both pre-binding and post-binding user registration processes and different types of security token.
    Type: Grant
    Filed: August 9, 2011
    Date of Patent: December 4, 2012
    Assignee: Citibank, N.A.
    Inventors: Jerry Speyer, Sandeep Nair, Ricky Lou
  • Publication number: 20120296795
    Abstract: Methods and systems for matching buy and sell orders that maximize the number of shares matched while simultaneously providing an even allocation of shares regardless of when a given order is received, are provided herein. The methods and system utilize an optimization function to determine the optimized price point at which the maximum number of shares can be matched using such inputs as a set of buy and sell orders, market spread, and participant defined exclusion criteria. This optimized price point may then be used to select those buy and sell orders eligible for participation in the matching event. Shares are then evenly allocated between participants using, for example, a round-lot base allocation procedure. The methods and systems may also utilize an anti-gaming function that compresses multiple orders from a single participant into a single participant interest prior to allocating shares.
    Type: Application
    Filed: May 20, 2011
    Publication date: November 22, 2012
    Applicant: CITIGROUP GLOBAL MARKETS, INC.
    Inventor: Hannes Greim
  • Patent number: 8311909
    Abstract: A method and system for managing legal fees and minimizing costs of an organization involves periodically receiving case budget information consisting at least in part of identification, billing rate, and hours for each person projected to work on a legal project for the organization. The case budget information is received by internal counsel for the organization from external counsel via entry of the information on a template provided by internal counsel and uploaded to an internal matter management system of the organization if approved by internal counsel. At the end of each billing cycle, current bill data from external counsel is also uploaded to the internal matter management system of the organization, and the current bill data is compared with the case budget information. A report is generated flagging any discrepancies between the current bill data and the case budget information.
    Type: Grant
    Filed: November 2, 2006
    Date of Patent: November 13, 2012
    Assignee: Citibank, N.A.
    Inventors: Michael Helfer, Michael T. Heyrich, Maria M. Zulaica
  • Patent number: 8302172
    Abstract: A method and system for securely logging onto a banking system authentication server so that a user credential never appears in the clear during interaction with the system in which a user's credential is DES encrypted, and the DES key is PKI encrypted with the public key of an application server by an encryption applet before being transmitted to the application server. Within the HSM of the application server, the HSM decrypts and re-encrypts the credential under a new DES key known to the authentication server, the re-encrypted credential is forwarded to the authentication server, decrypted with the new DES key known to the authentication server, and verified by the authentication server.
    Type: Grant
    Filed: November 15, 2011
    Date of Patent: October 30, 2012
    Assignee: Citibank Development Center, Inc.
    Inventors: Michael Grandcolas, Marc Guzman, Thomas Yee, Dilip Parekh, Yonggiang Chen
  • Patent number: 8301525
    Abstract: A method and system of managing communication of information to a destination utilizes computer hardware and software and a client-server architecture. The system receives information in file form, such as ASCII file form, via a file transfer service and/or in message-based form, such as SWIFT and/or ISITC messages, via a message network. The information that is received in message-based form is converted to file form by a message to file converter and translated by a message format library to an intermediary file format, and the information that is received in file form is also translated to the intermediary format by a message format library. The intermediary file format information can be aggregated and sorted, and is then translated to a preferred file format of the destination and sent to the destination.
    Type: Grant
    Filed: November 30, 2000
    Date of Patent: October 30, 2012
    Assignee: Citibank, N.A.
    Inventor: Adrian Gilmore Bray
  • Patent number: 8296229
    Abstract: A system and method for associating consumers with their purchases so that consumer transactions can be tied back to a particular consumer is described. More particularly, a central transaction entity as part of a larger network collects, aggregates, manages and mines consumer transaction data from at least consumer and merchant members of the network for the purpose of routing electronic purchase history to consumers and allowing merchant analysis of consumer behavior in order to create consumer profiles to better service consumers and provide more personalized offers.
    Type: Grant
    Filed: June 17, 2004
    Date of Patent: October 23, 2012
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Eric Yellin, Susan Moon, Ntiedo Etuk
  • Publication number: 20120265680
    Abstract: Methods and systems for routing payment transactions electronically involve interrogating by computer logic each payment transaction received by a payments interface processor to identify a payment destination and a payment source and to determine, according to pre-defined parameters, whether the payment transaction is eligible for processing via an internal payment transaction processor of the financial institution that minimizes processing costs. Eligible payment transactions may be routed, for example, to an internal debit or credit card processor or ACH processor, and ineligible payment transactions may be routed to external card processing networks.
    Type: Application
    Filed: April 13, 2011
    Publication date: October 18, 2012
    Applicant: CITIGROUP CREDIT SERVICES, INC.
    Inventors: Sean T. Lynch, Dickson CHU
  • Patent number: 8280810
    Abstract: A method and system automatically harmonizes access to a given software application program via different access devices. Through use of the method and system, a financial institution can provide access to a given application (such as, for example, automatic bill payment services) to customers using different access devices such web browsers, screen phones and personal computers. A single application program is all that needs to be written and maintained by the financial institution. Also, the method and system enables financial institutions to “leverage” existing programs because now the institution can automatically “project” its existing stock of program services unto new access devices—devices which may not have even existed at the time the program was created. By receiving information from the user via the user's access device, including information identifying the type of device being used and the application program the user wishes to access, the present invention solves these problems.
    Type: Grant
    Filed: January 11, 2011
    Date of Patent: October 2, 2012
    Assignee: Citicorp Development Center, Inc.
    Inventors: Michael L. Grandcolas, Wendell W. Anthony, Patrick Law, Leslie Moss, Teresa A. Petach, Peter Tompkins
  • Patent number: 8266025
    Abstract: A method and system is provided for assuring the integrity of data used to evaluate financial risk or exposure in trading portfolios such as portfolios of derivative contracts by looking for sweeping changes or statistically significant trends suggestive of possible errors. The method and system uses Content Analysis to measure the changes in the information content or entropy of data to detect abnormal changes that may require human intervention. A graphical user interface can also be provided that provides a mechanism for alerting users of possible errors and also gives an indication of the severity of the detected abnormality.
    Type: Grant
    Filed: August 8, 2000
    Date of Patent: September 11, 2012
    Assignee: Citibank, N.A.
    Inventors: Ronald Coleman, Richard Renzetti
  • Patent number: 8260704
    Abstract: Computer-implemented methods and systems for managing consumer transactional accounts provides a temporary line of credit with an installment option that a consumer can use for specific occasions or life events. The account remains open for only a limited period of time during which interest does not accrue. Thereafter, the account automatically expires, interest begins to accrue on the amount charged on the account, and an invoice is sent to the consumer with a number of payment options.
    Type: Grant
    Filed: September 30, 2009
    Date of Patent: September 4, 2012
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Kevin K. Hung, Susan R. Moon, Eric H. Yellin, Alice C. Yu
  • Patent number: 8204830
    Abstract: A global customer activated terminal (CAT) primarily serves traveling customers who require access to their accounts when they are away from their home financial institution and beyond their local regional financial area. The system provides applications that permit users to access their accounts and utilize account profiles and transaction journals within a generic global system approach, and each transaction set provides access to the user's full account profile. The traveling customer is also provided with access to all their accounts linked (as they would locally) to a specific card. The hardware employed in the system supports encryption key downloading, unscrambling and PIN encryption, so that security is instituted at the hardware level. To provide the maximum flexibility at each regional level for product and services offered, regional front end processors and Hosts are the arbitrators of each transaction acceptance and fulfillment, rather than the CAT.
    Type: Grant
    Filed: April 21, 2011
    Date of Patent: June 19, 2012
    Assignee: Citicorp Development Center, Inc.
    Inventors: Nancy Bryant, Howard A. Schechtman, Lucilla Warren, Wigberto Yu, Netty Meiroff
  • Patent number: D672786
    Type: Grant
    Filed: April 9, 2010
    Date of Patent: December 18, 2012
    Assignee: Citigroup Technology, Inc.
    Inventors: Christopher E. Kay, Tim Kobe, Sam Lising, Raul Paredes, Sanjeev Mehra