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

  • Patent number: 8156039
    Abstract: A method and system of managing a mortgage rebate transaction card account in which a transaction card provider computes a mortgage rebate amount based on the amount of charges incurred against the account and periodically arranges for application of the mortgage rebate amount against a mortgage loan balance for the cardholder. The account is provided by the transaction card provider in connection with either a pre-existing mortgage loan of the cardholder or a prospective mortgage loan of the cardholder. Further, the account can be provided in connection with a mortgage loan from any mortgage lender regardless of the existence or non-existence of an affiliation or association between the transaction card provider and the mortgage lender.
    Type: Grant
    Filed: May 23, 2008
    Date of Patent: April 10, 2012
    Assignee: Citicorp Credit Services, Inc.
    Inventor: Gina Doynow
  • Publication number: 20120078794
    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: Application
    Filed: November 17, 2011
    Publication date: March 29, 2012
    Applicant: Citicorp Development Center, Inc.
    Inventors: Michael L. Grandcolas, Nancy Bryant, Howard A. Schechtman, Dilip J. Parekh
  • Patent number: 8146141
    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 during a log on process, an encryption applet and the public key of a public/private key pair of a banking application server, the private key for which is known by a hardware security module (HSM) of the banking application, are downloaded by a user's browser. The applet contains code for generating a DES key and performing DES and PKI encryption. A user's credential is DES encrypted, and the DES key is PKI encrypted with the public key of the application server by the applet before being transmitted to the application server.
    Type: Grant
    Filed: December 16, 2004
    Date of Patent: March 27, 2012
    Assignee: Citibank Development Center, Inc.
    Inventors: Michael Grandcolas, Marc Guzman, Thomas Yee, Dilip Parekh, Yongqiang Chen
  • Patent number: 8145566
    Abstract: A standalone notification system, including a notification server which generates electronic messages for alerting customers of potentially fraudulent activity on one or more of their financial accounts. Alternatively, or in addition thereto, the notification system may be used to forward transaction code(s) to customers for verification of a request for high risk transaction(s) with respect to a customer's financial account. The transaction code is generated in response to a high risk transaction request and sent to through an identified customer notification means, e.g., e-mail, short message service (“SMS”), facsimile, mobile phone, telephone, etc. The customer must enter the transaction code within a predetermined amount of time in order to verify the high-risk transaction request.
    Type: Grant
    Filed: December 22, 2010
    Date of Patent: March 27, 2012
    Assignee: Citicorp Development Center, Inc.
    Inventors: Arun Ahuja, Ramadurai Vaidyanathan, Anand Tata, Grigor Markarian, Joe Pan, Peter Tompkins
  • Publication number: 20120072714
    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: November 15, 2011
    Publication date: March 22, 2012
    Applicant: Citibank Development Center, Inc.
    Inventors: Michael Grandcolas, Marc Guzman, Thomas Yee, Dilip Parekh, Yonggiang Chen
  • Publication number: 20120059761
    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: Application
    Filed: November 15, 2011
    Publication date: March 8, 2012
    Applicant: Citibank, N.A.
    Inventors: Matthew J. Gillin, Roger Korfmann, Paul L. Raden
  • Patent number: 8132226
    Abstract: A system, method and computer program product that utilizes measurements for the authentication of users to enterprise resources. The system includes an authentication server that stores the engine and collections of data required by the system to authenticate users. The collections of data include templates, policies, groups, device IDS, user IDS, computer IDS and application IDS. In the present invention, it is the policies that determine the way or method in which a user is to be authenticated by the system. The pre-defined polices include an OR policy, an AND policy, a CONTINGENT policy, a RANDOM policy and a THRESHOLD policy, a multi-user policy, a multi-location policy, a multi-template policy, a user dependent policy, a location restriction policy, and a computer/device specific policy.
    Type: Grant
    Filed: December 4, 2007
    Date of Patent: March 6, 2012
    Assignee: Citibank, N.A.
    Inventors: Peter Garrett Bianco, William Taylor Boon, Anthony C. Rochon, Marc A. Sherman, Robert Brewster Sterling, Karl Roger Ware
  • Patent number: 8117125
    Abstract: Methods and systems for controlling certificate-based open payment transactions involving a merchant and a customer utilizing various types of networks and terminals. Prior to accessing a merchant POS terminal or, for example, a merchant website, a customer obtains a certificate from a service provider (SP), such as a bank, certifying his identification (ID) and his relevant financial information, in a form that is understandable by the SP. The SP is capable of performing multiple functions. For example, the SP is capable of acting as a certificate authority when it issues the customer's certificates, an authenticator when it receives private-key encrypted certificates from the customers to be decrypted using the corresponding public-key, and an authorizing authority when it checks the value available in a customer' chosen payment account against the requested purchase or transfer amount.
    Type: Grant
    Filed: June 9, 2000
    Date of Patent: February 14, 2012
    Assignee: Citicorp Developement Center, Inc.
    Inventors: Joseph C. Kawan, Ronald King-Hang Chu, Charles Golvin, Peter Tompkins
  • Patent number: 8117122
    Abstract: Methods and systems for managing transaction card accounts in which cardholders are permitted to incur transaction charge balances on existing transaction card accounts and substituting the existing transaction card for each of at least a portion of the plurality of cardholders with a different transaction card product upon an occurrence of one of termination of a private label or co-branded agreement and a predetermined level of inactivity on the transaction card account which has significant additional features and benefits absent from the existing transaction card product.
    Type: Grant
    Filed: June 6, 2007
    Date of Patent: February 14, 2012
    Assignee: Citicorp Credit Services, Inc.
    Inventors: William Johnson, Craig Vallorano
  • Patent number: 8112330
    Abstract: A delivery system and method allow a financial institution to provide financial services to a plurality of remote devices and internally within the financial institution to staff terminals using 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.
    Type: Grant
    Filed: September 27, 2000
    Date of Patent: February 7, 2012
    Assignee: Citibank Development Center, Inc.
    Inventors: Michael L. Grandcolas, Nancy Bryant, Howard A. Schechtman, Dilip J. Parekh
  • Patent number: 8108307
    Abstract: A system, method and apparatus for exchanging value using a smart card in a financial transaction is disclosed. The system includes a smart card having a contact interface and a contactless interface interactive with a closed purse application and an open purse application controlled by a microprocessor. The closed purse application contains application-specific value, while the open purse contains general value. The application-specific value and general value are each compatible within the system of the invention to perform and settle the financial transaction. The financial transaction may include the smart card communicating with a load terminal or a transaction terminal to add or change the amount of value on the smart card. Further, the present invention include auto-load functionality for adding an amount of value to the smart card. Finally, applications such as a transportation application and a loyalty application are described.
    Type: Grant
    Filed: March 26, 1999
    Date of Patent: January 31, 2012
    Assignee: Citicorp Development Center, Inc.
    Inventors: Joseph C. Kawan, Ramiro Munoz, Mark Kogen
  • Patent number: 8103626
    Abstract: A method for updating web pages on a web server without republishing the web pages involves providing on a production database server a live version of one or more business data tables containing information used to populate web pages on a production web server and storing in a quality assurance database server a quality assurance version of the business data tables that can be used to populate pages on a quality assurance web server. A maker at a business workstation can access the quality assurance database server from time to time and enter a change to data on the quality assurance version of the business data tables.
    Type: Grant
    Filed: January 7, 2010
    Date of Patent: January 24, 2012
    Assignee: Citicorp Development Center, Inc.
    Inventors: Roy Sykes, Joseph Zusman, Sikun Lan, Kent Frazier, Tyler Young, Yong Huang, Stanislav Solari
  • Publication number: 20110296522
    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: Application
    Filed: August 9, 2011
    Publication date: December 1, 2011
    Applicant: Citibank, N.A.
    Inventors: Jerry Speyer, Sandeep Nair, Ricky Luo
  • Patent number: 8065226
    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: July 20, 2001
    Date of Patent: November 22, 2011
    Assignee: Citicorp Development Center, Inc.
    Inventors: Carol J. Rizzo, Phoebe Rin-Rin Hsu, Michael L. Sears
  • Patent number: 8057556
    Abstract: A method for producing a combustion product that involves dewatering raw paint sludge from spray paint booth operations. The resulting material can provide significant and economical fuel value to combustion processes such as for power plants while also obviating the need to dispose of waste paint sludge in landfills. Additionally the process is inexpensive, safe and free of most problems associated with paint sludge drying.
    Type: Grant
    Filed: January 23, 2008
    Date of Patent: November 15, 2011
    Assignee: Citibank, N.A.
    Inventors: Joe McCarty, Christopher Hubb, Kenneth O. Peebles
  • Patent number: 8060426
    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: May 6, 2010
    Date of Patent: November 15, 2011
    Assignee: Citibank, N.A.
    Inventors: Matthew J. Gillin, Roger Korfmann, Paul L. Raden
  • Patent number: 8041632
    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: October 27, 2000
    Date of Patent: October 18, 2011
    Assignee: Citibank, N.A.
    Inventor: Ronald Coleman
  • Patent number: 8032932
    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 22, 2008
    Date of Patent: October 4, 2011
    Assignee: Citibank, N.A.
    Inventors: Jerry Speyer, Sandeep Nair, Ricky Luo
  • Patent number: 8010786
    Abstract: A system for providing interoperability between PKI networks is provided in which a identity management server converts PKI requests received in a client-specific format into a generic format, identifies an appropriate certificate authority for handling the request, converts the request into a format specific to the format used by the identified certificate authority, and forwards the request to the identified certificate authority for processing.
    Type: Grant
    Filed: October 30, 2007
    Date of Patent: August 30, 2011
    Assignee: Citigroup Global Markets Inc.
    Inventor: Hilary Ward
  • Patent number: 7970686
    Abstract: A system and method are disclosed for communicating information between a securities customer and a trader. The system includes a computer which has three class components for completing the communications between the customer and the trader. A first component manages trading functions, a second component manages customer log-in and password, and the third component manages communication between the first two components and a trading system.
    Type: Grant
    Filed: September 15, 2000
    Date of Patent: June 28, 2011
    Assignee: Citigroup Global Markets, Inc.
    Inventors: Fred Irwin, Mark Johnson, Neil D. Potter, Peter E. Raynor, Maria Torremante
  • Patent number: 7966226
    Abstract: A method and system for purchased-based segmentation of potential customers employs the use of actual, observed purchases instead of presumptions and correlations to improve the accuracy of segmentation and involves collecting empirical data for a client on actual purchasing behavior of a group of customers and applying statistical modeling techniques to the empirical purchasing behavior data to identify segments or clusters of the customers that exhibit similar purchasing propensity characteristics. Thereafter, the segments or clusters are further differentiated from one another according to other factors having a tendency to directly affect actual purchasing behavior of the customers within the segments or clusters, and potential customers are then identified according to a correlation with the segments or clusters for customized marketing.
    Type: Grant
    Filed: January 22, 2008
    Date of Patent: June 21, 2011
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Mark E. Temares, Alan B. Newman, Noor A. Menai
  • Patent number: 7953662
    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: January 7, 2010
    Date of Patent: May 31, 2011
    Assignee: Citicorp Development Center, Inc.
    Inventors: Nancy Bryant, Howard A. Schechtman, Lucilla Warren, Wigberto Yu, Netty Meiroff
  • Patent number: 7949559
    Abstract: A platform and program for enhancing the value and desirability of a credit card (or other payment product) to a card holder and encouraging increased use of the card as a payment device by rewarding the card holder based not only on qualifying purchases but on miles traveled in connection with travel ticket or travel pass purchases. The inventive program leverages qualifying transaction information and other data (e.g., Level 3 Data) which automatically flow with such transaction information. The rewards redeemed by the card holder according to the inventive platform and program are not tied to a particular provider of goods or services, and reward fulfillment is managed through the card issuer or its fulfillment agent.
    Type: Grant
    Filed: April 15, 2004
    Date of Patent: May 24, 2011
    Assignee: Citicorp Credit Services, Inc.
    Inventor: Steven Freiberg
  • Patent number: 7937286
    Abstract: The present invention relates to a method and system for evaluating the cause and effect of advertising and marketing programs using card transaction data. In one embodiment, access is provided to voluminous card-holder transaction data detailing accurate-to-the-penny transaction amounts, twenty-four hour active customers, and a multi-year transaction history per customer. Furthermore, such data is captured in real-time, and due to the sample size, can provide granular, statistically significant information at a local level for client and merchant coverage.
    Type: Grant
    Filed: June 10, 2004
    Date of Patent: May 3, 2011
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Alan B. Newman, Noor A. Menai
  • Patent number: 7925586
    Abstract: A method and system for escrow service for web-based transactions, such as multi-currency web-based transactions, is web-accessible and accepts registrations from exchanges and/or portal partners. The completion of registration and transactions is allowed to entitled users who access the system via the web. The system maintains an internal banking engine to act as a deal manager, messaging service and accounts sub-ledger and escrows funds entrusted to it. The transaction process is composed of a number of transaction statuses, and reporting of those statuses to users is accomplished online and via web query. The system provides local currency/multi-currency capability and supports several methods of payment, such as credit cards, authorized Automated Clearing House (ACH) or equivalent direct debit/credit and wire transfer payments, and all funds movements are electronic.
    Type: Grant
    Filed: October 27, 2008
    Date of Patent: April 12, 2011
    Assignee: Citibank, N.A.
    Inventors: Alan Cole, Deborah Bennett, Hachadur Hashasian
  • Patent number: 7908222
    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: June 19, 2007
    Date of Patent: March 15, 2011
    Assignee: Citicorp Development Center, Inc.
    Inventors: Michael L. Grandcolas, Wendell W. Anthony, Patrick Law, Leslie Moss, Teresa A. Petach, Peter Tompkins
  • Patent number: 7904946
    Abstract: Methods and systems for secure user authentication utilizes OTP generation and validation techniques in which the shared secret for generating the OTP is not stored in the user's mobile device but instead is dynamically synthesized based on a PIN that activates the OTP generation and the personalized OTP data. The client software has no knowledge of what the correct PIN should be and always generates a normal looking OTP based on whatever PIN is entered, and the only way to learn whether or not the OTP is correct is to submit it during user login. By limiting the number of failed login attempts before the account is locked, brute-force attacks via the online channel will fail, and further, brute-force attacks to uncover the correct PIN for generating the correct OTP offline will also fail even if a hacker steals the user's mobile device and extracts the data inside for offline hacking, because there is nothing on the client that contains the PIN or encrypted by the PIN.
    Type: Grant
    Filed: December 11, 2006
    Date of Patent: March 8, 2011
    Assignee: Citicorp Development Center, Inc.
    Inventors: Ronald King-Hang Chu, Mark Kogen, Warren Tan, Simon Ma, Yosif Smushkovich, Gerry Glindro, Jeffrey William Coyte Nicholas
  • Patent number: 7878394
    Abstract: A computer-implemented method and system for managing transaction card accounts involves enabling a transaction card account by a card issuer for use with pre-defined categories of providers of goods/services and goods/services sold and issuing a transaction card and establishing an associated pre-qualified category card account. Upon receiving data for a transaction with the transaction card at a transaction terminal by a processing platform of the card issuer via a card association processing network, the category of the provider and goods/services is interrogated to determine whether or not the transaction can be posted on the pre-qualified category card account of the cardholder, and the transaction is approved and posted to the pre-qualified category card account if the transaction falls within the pre-qualified category of the cardholder.
    Type: Grant
    Filed: October 31, 2008
    Date of Patent: February 1, 2011
    Assignee: Citicorp Credit Services, Inc.
    Inventor: William Johnson
  • Patent number: 7877324
    Abstract: A system and method for issuing letters of credit. The system and method issue a first letter of credit from a second party to a third party, and issue at least one second letter of credit from the third party to at least one fourth party. The system and method also provide a credit facility from the second party to a first party, the credit facility associated with the first and second letters of credit. The system and method also transfer credit risk from the credit facility to at least one fifth party under a participation agreement.
    Type: Grant
    Filed: December 22, 2004
    Date of Patent: January 25, 2011
    Assignee: Citigroup Global Markets, Inc.
    Inventors: Rick Caplan, Marcy Engel, Steve Incontro, Stanley Louie, Frank Pertusiello
  • Patent number: 7865605
    Abstract: The present invention provides systems and methods for electronically delivering banking services to end clients and, more particularly, using Internet based technologies as a means of exposing those services. The solution to this problem set forth in this invention is the creation of a common electronic delivery infrastructure and application deployment environment, exposing an institution's entire portfolio of corporate banking services to its clients at a number of different locations at any time.
    Type: Grant
    Filed: June 16, 2008
    Date of Patent: January 4, 2011
    Assignee: Citibank, N.A.
    Inventors: Kenneth R. Brown, John D'Onofrio, James Ellerbee, Jay Gould, Jennifer Holme, Peter J. Lupario, Umesh Marthi
  • Patent number: 7827603
    Abstract: A system and method whereby an unregistered, anonymous user at an organization's website makes a submission/inquiry and is able to access a secure response containing private information without pre-registering or establishing an account with the organization. A response to the user is made via an unsecured e-mail notification that provides the user with an HTTPS link to an authentication page. The user then enters his/her user identification, for example, the user email address and password which was associated with the original submission/inquiry. Once the email address and password is authenticated, the secure response message is displayed on the user's web browser in SSL. Each response is provided on a per-submission basis.
    Type: Grant
    Filed: February 13, 2004
    Date of Patent: November 2, 2010
    Assignee: Citicorp Development Center, Inc.
    Inventors: Sikun Lan, Yong K. Huang, Kent Frazier, Roy Sykes, Joseph Zusman
  • Publication number: 20100273330
    Abstract: The present invention relates to a solution for treating a surface of a substrate for use in a semiconductor device. More particularly, the present invention relates to a liquid rinse formulation for use in semiconductor processing, wherein the liquid formulation contains: i. a surface passivation agent; and ii. an oxygen scavenger, wherein the pH of the rinse formulation is 8.0 or greater.
    Type: Application
    Filed: August 23, 2006
    Publication date: October 28, 2010
    Applicant: CITIBANK N.A. AS COLLATERAL AGENT
    Inventors: Janos Farkas, Maria-Luisa Calvo-Munez, Philippe Monnoyer, Sebastien Petitdidier
  • Patent number: 7818256
    Abstract: Digital receipts for electronic data and computer-implemented methods and systems for creating such digital receipts involve, for example, generating a visual representation of the electronic data in a pre-defined format that visually represents the data without requiring that the represented data be embedded in the format, computing a mathematical representation of the electronic data and associating the mathematical representation of the electronic data with the visual representation of the electronic data, and receiving a user's digital signature on the associated visual and mathematical representations of the electronic data to evidence the user's approval of the represented electronic data.
    Type: Grant
    Filed: November 20, 2008
    Date of Patent: October 19, 2010
    Assignee: Citibank, N.A.
    Inventors: Hilary L. Ward, Francis A. Shanahan
  • Patent number: 7801790
    Abstract: Securities, methods for raising capital using such securities, and systems for managing such securities are provided. The securities provide protection in bankruptcy to investors for a portion of deferred distributions earned by the investor on the security. The security may also provide a call protection period with limitations on capital replacement, and optional and/or mandatory deferral of distributions.
    Type: Grant
    Filed: August 17, 2006
    Date of Patent: September 21, 2010
    Assignee: Citigroup Global Markets Inc.
    Inventors: John W. Dickey, Adam Dohrenwend, Stanley Louie, Michael Regan, Laura Stephenson, Vincent Vignale, Jee-Won Yang
  • Patent number: 7797223
    Abstract: A method and system for trading long and short inventory positions in securities for participants involves systematically obtaining long and short position information from each participant, processing the information in accordance with participant-controlled parameters, matching the participants' short positions to other participants' long positions and feeding the resultant activity back to each participant in the form of system-generated repo and reverse repo trades, while maintaining the anonymity of the participants. Another aspect enables trading baskets of serial overnight trades, each of which is treated as an independent overnight repo/reverse trade for financial reporting purposes, with corresponding notional amount, that involves, for example, cancellation of a basket trade and creating in its place a series of overnight trades corresponding to the basket trade.
    Type: Grant
    Filed: September 14, 2006
    Date of Patent: September 14, 2010
    Assignee: Citigroup Global Markets, Inc.
    Inventor: Thomas K. Mellina
  • Patent number: 7792753
    Abstract: A method and system provides for scanning a check and/or cash to create an electronic image of the front and the back of the check and/or cash. The image is then processed and transmitted electronically to a central location. The image may be recreated into a paper form at the central location, resembling the original paper check or cash, including a machine-readable regeneration of the MICR code line data captured from the original instrument. Paperless processing of checks and cash is thus provided, including local voiding and storage of the check without requiring immediate pickup, while still allowing the transaction to be process.
    Type: Grant
    Filed: July 7, 1999
    Date of Patent: September 7, 2010
    Assignees: Citibank, N.A., Citicorp Development Center, Inc.
    Inventors: Alan Slater, Michael L. Sears, Phoebe Rin-Rin Hsu, Cuong D. Do, H. Patrick McSharry, Edward M. R. Dudasik, Stephen M. Gryte, Robert O. Brooks
  • Patent number: 7788638
    Abstract: A library of jobs is created, with the jobs performing predetermined functions. The jobs include a termination indication, which is success or failure. Input file formats of known file types are determined and a job stream to process the input files is constructed of the jobs linked according to the termination success or failure of the preceding job.
    Type: Grant
    Filed: November 21, 2003
    Date of Patent: August 31, 2010
    Assignee: Citigroup Global Markets Inc.
    Inventors: Gary A. Hoberman, Lestan D'Souza
  • Publication number: 20100166085
    Abstract: A LIN network comprises a transmit driver for communicating on a single communication bus. A slope control module is operably coupled to a supply voltage and arranged to identify a voltage transition, and in response thereto and via control of the transmit driver selectively apply one of: a first voltage transition mode comprising a constant DV/DT slope transition, or a second voltage transition mode comprising a fixed time transition.
    Type: Application
    Filed: May 24, 2006
    Publication date: July 1, 2010
    Applicant: CITIBANK N.A.
    Inventor: Thierry Sicard
  • Patent number: 7747511
    Abstract: In a system and method for managing risk of fluctuation on company share prices, a financial institution sells a put to a company on a specified number of shares of stock of the company, the put including a strike price that is a predetermined percentage less than a market price of the shares of stock of the company. The financial institution also purchases a call from the company on the specified number of shares of stock of the company, the call including a strike price that is a predetermined percentage greater than the market price of the shares of stock of the company.
    Type: Grant
    Filed: May 10, 2006
    Date of Patent: June 29, 2010
    Assignee: Citigroup Global Markets Inc.
    Inventors: Elliot Stewart Conway, Herman Hirsch, Alfred Wilson Griffin, III, William G. Ortner
  • Patent number: 7716109
    Abstract: The present invention relates to a web trading system and method for performing financial transactions securely over a public data network, such as the Internet, using a web browser as the user interface. The financial transactions are offered, for example, by a financial institution to its customers at the institution's web site. They include transactions such as foreign currency exchange, currency and money market trades, and warrant trades. The web trading system and method provide secure communication protocol between the Internet user interface and a virtual private network (VPN) of a financial institution to enable implementation of trading applications by the financial institution's application servers across the VPN.
    Type: Grant
    Filed: April 28, 2000
    Date of Patent: May 11, 2010
    Assignee: Citibank, N.A.
    Inventors: David M. Jacobs, Imran Sayeed, Greg Sabatino, Tarkington McMains
  • Patent number: 7689507
    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: June 29, 2005
    Date of Patent: March 30, 2010
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Kevin K. Hung, Susan R. Moon, Eric H. Yellin, Alice C. Yu
  • Patent number: 7668781
    Abstract: A global customer activated terminal (CAT) that 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 is provided. 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, personal identification number (PIN) 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 (FEPs) and Hosts (small financial systems) are the arbitrators of each transaction . . .
    Type: Grant
    Filed: April 17, 2008
    Date of Patent: February 23, 2010
    Assignee: Citicorp Development Center, Inc.
    Inventors: Nancy Bryant, Howard A. Schechtman, Lucilla Warren, Wigberto Yu, Netty Meiroff
  • Patent number: 7668870
    Abstract: A method for updating web pages on a web server without republishing the web pages involves providing on a production database server a live version of one or more business data tables containing information used to populate web pages on a production web server and storing in a quality assurance database server a quality assurance version of the business data tables that can be used to populate pages on a quality assurance web server. A maker at a business workstation can access the quality assurance database server from time to time and enter a change to data on the quality assurance version of the business data tables.
    Type: Grant
    Filed: April 15, 2004
    Date of Patent: February 23, 2010
    Assignee: Citicorp Development Center, Inc.
    Inventors: Roy Sykes, Joseph Zusman, Sikun Lan, Kent Frazier, Tyler Young, Yong Huang, Stanislav Solari
  • Patent number: 7660762
    Abstract: A method and system for trading long and short inventory positions in securities for participants involves systematically obtaining long and short position information from each participant, processing the information in accordance with participant-controlled parameters, matching the participants' short positions to other participants' long positions and feeding the resultant activity back to each participant in the form of system-generated repo and reverse repo trades, while maintaining the anonymity of the participants. Another aspect enables trading baskets of serial overnight trades, each of which is treated as an independent overnight repo/reverse trade for financial reporting purposes, with corresponding notional amount, that involves, for example, cancellation of a basket trade and creating in its place a series of overnight trades corresponding to the basket trade.
    Type: Grant
    Filed: September 14, 2006
    Date of Patent: February 9, 2010
    Assignee: Citigroup Global Markets, Inc.
    Inventor: Thomas K. Mellina
  • Patent number: 7644025
    Abstract: The present invention relates to a method and system for offering a novel mandatorily convertible securities (e.g., DECS) by using a third party entity (either a corporate entity or a newly-formed independent trust) to: 1) issue and sell novel DECS to market investors; 2) obtain from a first entity shares of common stock in a second entity, or rights to receive such shares in the future, to satisfy the mandatory conversion requirement of the DECS; 3) sell or retain the rights to any residual value obtained after satisfying the obligation to DECS investors; and 4) use the proceeds from such sale or retained value to fund a portion of the DECS coupon.
    Type: Grant
    Filed: July 29, 2003
    Date of Patent: January 5, 2010
    Assignee: Citigroup Global Markets, Inc.
    Inventors: William Ortner, Alan Rifkin, Craig Farr
  • Publication number: 20090301867
    Abstract: A system for processing a semiconductor substrate during fabrication of semiconductor devices provides a plurality of semiconductor substrate processing stations in a physically integrated system, as well as a semiconductor substrate transport system for transporting a semiconductor substrate between the respective processing stations. In particular, the processing system according to the present invention favors the use of liquid phase process steps, particularly deposition process steps, instead of gas or vapor phase processing. Even more particularly, the system contemplates deposition of a metallic barrier layer 30 on the semiconductor substrate in liquid phase.
    Type: Application
    Filed: February 24, 2006
    Publication date: December 10, 2009
    Applicant: CITIBANK N.A.
    Inventors: Janos Farkas, Cindy Goldberg, Katie Yu, Srdjan Kordic
  • Patent number: 7606770
    Abstract: A system and method for performing an on-line transaction, such as making a payment, with a single-use payment instrument makes use of computer hardware and software, such as the computing device of a customer, the customer's bank's home banking server, the bank's card authorization server, a vendor's website server, and the vendor's credit card acquirer, coupled to one another over a network. The customer is issued a single use payment instrument through the bank, the bank debits an account nominated by the customer for the requested value of the payment instrument and may also specify an expiry for the payment instrument. The customer is able to nominate a particular source of funds for each transaction from among various accounts of the customer. The payment instrument settles and clears through existing credit card payment mechanisms without a need for special accommodation with the Internet vendor.
    Type: Grant
    Filed: May 27, 2008
    Date of Patent: October 20, 2009
    Assignee: Citicorp Development Center, Inc.
    Inventor: Nigel Pinnell
  • Patent number: 7599872
    Abstract: A method and system of matching an investor's objectives for portfolio investment return and risk with an assessment of a range of expected returns and risks that are likely to be generated by investment portfolios consisting at least in part of alternative asset classes that involves, for example, selecting available historical data for a plurality of alternative asset classes, unsmoothing the historical data based at least in part on historical data for traditional asset classes related to the respective alternative asset classes, and correcting the historical data for the alternative asset classes for an impact of survivorship and selection biases.
    Type: Grant
    Filed: September 13, 2004
    Date of Patent: October 6, 2009
    Assignee: Citibank, N.A.
    Inventors: Doug R. Dundas, Rui Defigueiredo, Paul Goldwhite
  • Patent number: 7599877
    Abstract: The present invention provides secure, high-volume, processing methods and systems for multiple financial instruments that combine collateral matching to identify matched and unmatched financial transactions and consolidated mark to market valuations for all parties to a matched financial transaction.
    Type: Grant
    Filed: July 28, 2000
    Date of Patent: October 6, 2009
    Assignee: Citibank, N.A.
    Inventors: Alan Cole, Jon Cassell
  • Patent number: 7573998
    Abstract: Computer-implemented methods and systems for management of real-time and historical data for multiple call centers in which real-time and historical data are received electronically from a plurality of call center sites and displayed simultaneously for each of the plurality of call center sites on a single display screen in a separate call center site column for each call center and integrated and displayed for all of the plurality of call center sites in a separate division column on the single display screen.
    Type: Grant
    Filed: June 15, 2005
    Date of Patent: August 11, 2009
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Kevin Kessinger, Richard Garside, Louis Savoldy, Mahendra Govada, Joe Begley, Ryan Kaminski