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: 7441263
    Abstract: A system, method and computer program product for providing unified authentication services in an Application Service Provider (ASP) setting to a registered end-user of one or more online (or web) applications. The system includes client side components, a user management component coupled to the client side components and server side components coupled to the user management component. The client side components include an authentication control component that manages the process of capturing a user-determined policy for a first account and user credentials. This allows the user to define the level of protection to access the first account. This includes, but is not limited to, accounts/applications that have been configured specifically for used with the system and particular user credentials and accounts that have been subsequently set up but configured to use the same user credentials.
    Type: Grant
    Filed: March 23, 2001
    Date of Patent: October 21, 2008
    Assignee: Citibank, N.A.
    Inventors: Bikram S Bakshi, David W Helms, Anthony C Rochon, Trevor J Walker
  • Patent number: 7437736
    Abstract: A method for managing workflow for an application, including obtaining an application adapter associated with the application, wherein the application adapter specifies a sub-task, monitoring the application to obtain a state, and performing an action associated with the sub-task, if the state is associated with the sub-task.
    Type: Grant
    Filed: March 10, 2004
    Date of Patent: October 14, 2008
    Assignee: Citibank, N.A.
    Inventors: Surajit Chatterjee, Brian Keith Mizelle, Ravi Puduchery Raghavasimhan, Michael Fishman
  • Patent number: 7421410
    Abstract: The present invention provides methods and systems for promoting banking services to non-customers at an automated teller machine (ATM) through an incentive system. Non-customers who enroll in the incentive system are awarded points based on ATM use, viewing of advertisements at an ATM, and other factors. When a pre-determined number of points is accumulated by the non-customer, the non-customer is provided with an award (e.g., a convenience fee for use of the ATM is forgiven). In addition, use of networked ATMs by the non-customer is tracked in order to provide tailored awards and advertisements.
    Type: Grant
    Filed: October 6, 2000
    Date of Patent: September 2, 2008
    Assignee: Citicorp Development Center, Inc.
    Inventors: Howard A. Schechtman, Peter Paradiso
  • Patent number: 7398253
    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: August 18, 2000
    Date of Patent: July 8, 2008
    Assignee: Citicorp Development Center, Inc.
    Inventor: Nigel Pinnell
  • Patent number: 7398246
    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: November 15, 2004
    Date of Patent: July 8, 2008
    Assignee: Citicorp Credit Services, Inc.
    Inventor: Gina Doynow
  • Patent number: 7389355
    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: April 10, 2002
    Date of Patent: June 17, 2008
    Assignee: Citibank, N.A.
    Inventors: Kenneth R. Brown, John D'Onofrio, James Ellerbee, Jay Gould, Jennifer Holme, Peter J. Lupario, Umesh Marthi
  • Patent number: 7376622
    Abstract: A method and system for automated settlement and on-line debiting of a financial transaction, such as an emergency-cash transaction, is provided. A bank customer enters a foreign-branch bank and indicates a need for emergency cash. The customer is given a telephone by which the customer communicates with an interactive-voice response system in the customer's language. The system bridges the customer with the customer's home bank, which approves the requested emergency cash. A network in communication with the voice response system and with the issuer automatically initiates an on-line debiting of an account of the customer. The network also initiates and carries out settlement between the acquirer and the issuer by way of settlement accounts.
    Type: Grant
    Filed: September 2, 1999
    Date of Patent: May 20, 2008
    Assignee: Citicorp Development Center, Inc.
    Inventors: Ronald Padalino, Nigel Pinnell, Philip C. Shinn, Wigberto Yu
  • Publication number: 20080113471
    Abstract: A multi-chip package includes a package substrate. First and second semiconductor die are formed on the package substrate. The first and the second semiconductor die are configured to communicate with each other via a high-speed serial communications protocol.
    Type: Application
    Filed: January 10, 2008
    Publication date: May 15, 2008
    Applicant: Citicorp North America, Inc.
    Inventors: Michael Kelly, Paul Chenard, Revathi Polisetti, Patrick McKinley
  • Patent number: 7328169
    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: September 22, 2004
    Date of Patent: February 5, 2008
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Mark E. Temares, Alan B. Newman, Noor A. Menai
  • Publication number: 20070288372
    Abstract: A method and system for awarding rebates based on credit card usage to a consumer credit card holder is provided. A rebate tally is accrued based on a percentage of eligible purchases made by the consumer card holder. The rebate is earned when the consumer card holder makes a qualifying purchase, which may be, for example, an automobile sold by any manufacturer. The rebate program disclosed does not associate the rebate earned with any particular manufacturer. The rebate is paid directly by the credit card issuer to the credit card holder.
    Type: Application
    Filed: August 13, 2007
    Publication date: December 13, 2007
    Applicant: CITIBANK, N.A.
    Inventors: Sheryl Behar, Carol Lewbell-Gray, Cheryl Cunha
  • Patent number: 7305562
    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: March 1, 2000
    Date of Patent: December 4, 2007
    Assignee: Citibank, N.A.
    Inventors: Peter Garrett Bianco, William Taylor Boon, Anthony C. Rochon, Marc A. Sherman, Robert Brewster Sterling, Karl Roger Ware
  • Publication number: 20070240037
    Abstract: Computer-implemented methods and systems for creating and managing website content involve, for example, providing a user at a computer terminal a data capture template for a user-selected content type, providing the user at the computer terminal presentation pages using content management tags, allowing the user at the computer terminal to author content using the data capture template, and allowing the user at the computer terminal to deploy the content to a server. Other aspects of the methods and systems for creating and managing website content include, for example, allowing the user to personalize content, allowing the user to embed dynamic content in the middle of static content, allowing the user to refresh the deployed content in real-time without impacting current existing user sessions on the server where content is being deployed.
    Type: Application
    Filed: May 21, 2007
    Publication date: October 11, 2007
    Applicant: CITICORP DEVELOPMENT CENTER, INC.
    Inventors: France Law-How-Hung, Sam Shahdousti, Patrick Law, Anna Putnam, Peter Lomenzo
  • Patent number: 7269256
    Abstract: An improved monetary system using electronic media to exchange economic value securely and reliably is disclosed. The system provides a complete monetary system having electronic money that is interchangeable with conventional paper money. Also disclosed is a system for open electronic commerce having a customer trusted agent securely communicating with a first money module, and a merchant trusted agent securely communicating with a second money module. Both trusted agents are capable of establishing a first cryptographically secure session, and both money modules are capable of establishing a second cryptographically secure session. The merchant trusted agent transfers electronic merchandise to the customer trusted agent, and the first money module transfers electronic money to the second money module. The money modules inform their trusted agents of the successful completion of payment, and the customer may use the purchased electronic merchandise.
    Type: Grant
    Filed: May 13, 2002
    Date of Patent: September 11, 2007
    Assignee: Citibank, N.A.
    Inventor: Sholom S. Rosen
  • Patent number: 7257556
    Abstract: The present invention relates to a method and system for providing and/or offering mandatorily convertible securities with associated senior debt instruments. The mandatorily convertible securities can be preferred stock or a purchase contract with the mandatorily convertible securities converting into a predetermined number of units of an underlying security on a mandatory conversion date. The predetermined number of units of an underlying security is based on a market value of the underlying security on the conversion date.
    Type: Grant
    Filed: April 23, 2004
    Date of Patent: August 14, 2007
    Assignee: Citigroup Global Markets, Inc.
    Inventor: Alan Rifkin
  • Patent number: 7257555
    Abstract: The present invention relates to a method and system for providing and/or offering mandatory convertible securities, such as dividend enhanced common/convertible stocks (DECS), with acceleration triggers for securities conversion. The acceleration triggers are attractive to investors of such mandatory convertible securities because they can provide investors with timely returns and/or equities in the issuer should events not favorable to the investors happen prior to a preset securities conversion date.
    Type: Grant
    Filed: March 31, 2004
    Date of Patent: August 14, 2007
    Assignee: Citigroup Global Markets, Inc.
    Inventor: Craig Farr
  • Patent number: 7248687
    Abstract: A method and system for outbound dialing of contacts and collecting call information in which one or more customers are allowed to submit records from the customers' mainframes for a plurality of contacts to be called for the customers via a dialing mode of a hosted software system for sending event-driven alert messages. Based on the records submitted by the customers, the dialing mode of the hosted software system initiates calls to the contacts, and when and if a right-party contact is reached for a particular customer, the call is delivered from the dialing mode to an agent at one of a plurality of call centers of the particular customer according to predefined agent selection rules for outbound call routing. In addition, data regarding the call to the contact is collected.
    Type: Grant
    Filed: December 6, 2004
    Date of Patent: July 24, 2007
    Assignee: Citicorp Credit Services, Inc.
    Inventors: Mark Ambrose, Rich Clow, Rich Feight, Jim L. Muir
  • Patent number: 7249055
    Abstract: There is described a method and system for managing Internet auction transactions by creating an auction website by, for example, a financial institution. The auction website is accessible by the financial institution's account holders (e.g., holders of checking, savings, credit card, and investment accounts). Thus, all buyers and sellers in auction transactions on the auction site, for example, have accounts with the financial institution, with settlements occurring between the accounts of the users at the financial institution. Payments are debited from the buyer's account(s) with a credit going to the account of the seller, less any fees. All charges occur internally, so no interchange is owed, for example, to a card association in connection with a transaction. Financial institution customers benefit from the system in that buyers and sellers are authenticated and settlement occurs almost instantaneously.
    Type: Grant
    Filed: July 7, 2000
    Date of Patent: July 24, 2007
    Assignee: Citicorp Credit Services, Inc.
    Inventor: Richard Elder
  • Patent number: 7249344
    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 1, 1999
    Date of Patent: July 24, 2007
    Assignee: Citicorp Development Center, Inc.
    Inventors: James Zeanah, Charles Abbott, Nik Boyd, Albert Cohen, James Cook, Michael Grandcolas, Sikhun Lan, Bonnie Lindsley, Grigor Markarian, Leslie Moss
  • Patent number: 7233925
    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: February 1, 1999
    Date of Patent: June 19, 2007
    Assignee: Citicorp Development Center, Inc.
    Inventors: Michael L. Grandcolas, Wendell W. Anthony, Patrick Law, Leslie Moss, Teresa A. Petach, Peter Tompkins
  • Patent number: 7200578
    Abstract: A system, in which information is the primary asset and in which investments may be made in information, includes multiple data stores for storing different types of a user's information. The safe, secure and properly authorized transfer of information while preserving individual privacy is provided. The system also provides for secure backup and storage, as well as for ubiquitous and nomadic access to information while maintaining the privacy of such information. A first data store includes static identification data about a user. A second data store includes moderately dynamic personal data about the user. A third data store includes dynamic demographic information data about the user. An electronic wallet can be used with the system to download selected portions of the data for use by the user. A method of use of the data includes using the data for billing out forms, providing services to the user and allowing merchants to selectively target users for sales while maintaining user anonymity.
    Type: Grant
    Filed: November 12, 1998
    Date of Patent: April 3, 2007
    Assignee: Citicorp Development Center, Inc.
    Inventors: Cris T. Paltenghe, Alnoor B. Mamdani, Melvin M. Takata, Gregory Lee Huddleston
  • Patent number: 7168091
    Abstract: A method and system for secure authentication of a user in a session conducted over an interactive communication channel, such as a two-way telephony communication channel, with an authenticating entity, such as a financial institution, utilizes a session identifier, such as pseudorandom noise to detect and identify attempts to play back authentication information, such as user-spoken phrases, intercepted and recorded by an unauthorized party during a previous session between the user and the authenticating party.
    Type: Grant
    Filed: March 15, 2004
    Date of Patent: January 23, 2007
    Assignee: Citibank, N.A.
    Inventor: Daniel Schutzer
  • Patent number: 7165020
    Abstract: A method and system is provided for making a database stored upon a computer readable medium for use as a computerized multilingual phrase database in a runtime application environment. A database of all application phrases is created in one language with variable place holders reserved in the application phrases for each variable in the phrases. Translations of the created application phrases are created and stored in at least a second phrase database. The first and second phrase databases are exported in a form that can be used in a runtime environment by an application for which the first database and the second database were created.
    Type: Grant
    Filed: September 4, 2002
    Date of Patent: January 16, 2007
    Assignee: Citicorp Development Center, Inc.
    Inventors: George Lissauer, Victor Che Kwong, Jack Hsiung, Reid Kneeland, Dilip Parekh
  • Patent number: 7137006
    Abstract: Methods and systems for single sign-on user access to multiple web servers are provided. A user is authenticated at a first web server (e.g., by user name and password). The first web server provides a web page to the user having a service selector (e.g., a hyperlink comprising the URL of a second web server offering the service indicated by the selector). When the user activates the service selector, the first web server constructs and transmits an encrypted authentication token (e.g., a cookie) from the first web server to a second web server via the user client. The first and second web servers share a sub-domain. The authentication token comprises an expiration time and is digitally signed by the first web server and is authenticated at the second web server. Upon authentication, the second web server allows the user to conduct a session at the second web server.
    Type: Grant
    Filed: September 22, 2000
    Date of Patent: November 14, 2006
    Assignee: Citicorp Development Center, Inc.
    Inventors: Michael L. Grandcolas, France Law, Ashwin Doshi, Michael Williams, Yeona Jang, Toni Merschen, Jack Pan
  • Patent number: 7130823
    Abstract: An automated trading system makes use of various components, such as one or more transaction servers and one or more rate servers and a number of terminals. A request for a proposed transaction for a user is entered at either a user's terminal or a sales trader's terminal and sent to a transaction server coupled to a rate server. If a first predefined condition for generating an executable rate quote is identified, an executable rate quote is generated by the rate server and sent back to the user's or sales trader's terminal for the user. Otherwise, if a second predefined condition for a category trader's rate quote is identified, a request for the category trader's rate quote is sent by the transaction server to one or more category trader's terminals, prompting entry of a category trader's rate quote by one or more of the category traders, which is likewise sent back to the user's or sales trader's terminal for the user.
    Type: Grant
    Filed: December 3, 1999
    Date of Patent: October 31, 2006
    Assignee: Citibank Aktiengesellschaft
    Inventors: Peter E. Rayner, Elizabeth Brooks, Fred Irwin, Mark Johnson, Andreas T. Lieven, Neil Potter, Andreas Raschdorf, Marie Torremante, Christine Licci, Dieter Pfundt
  • Patent number: 7110981
    Abstract: A method and system for providing integrated financial services including brokerage services through an ATM network permits trading of securities, portfolio evaluation, security price evaluation, and brokerage account inquiries. The invention utilizes a familiar customer interface, a standard ATM or a customer activated terminal, to provide brokerage functions with a network conventionally used to perform traditional banking functions. The system and method according to the invention provides for trading of a wide variety of publicly traded security by linking the customer to a brokerage system. Provisions are further made for obtaining real time price quotations for up-to-the-minute portfolio evaluation and accurate buy and sell orders.
    Type: Grant
    Filed: January 12, 1998
    Date of Patent: September 19, 2006
    Assignee: Citibank, N.A.
    Inventors: Paul Sidikman, Lawrence D. Weiss
  • Patent number: 7107243
    Abstract: A method and system for automated bill payment service makes use of one or more application programs, such as a bank's retail system application and a bill payment application, running on one or more servers, as well as one or more data storage devices. A customer calls, for example, an 800 number and enters identification information in response to prompts by the system. The system verifies the customer's identification and, in response to selection of a single bill payment option, prompts the customer to enter information about at least one bill payment for a payee. The system provides selection of the payee from a customer-specific bill payee list or a system-spoken payee list and various menu functions. The system automatically schedules the bill payment for the customer according to the entered bill payment information, and renders the scheduled payment to the payee for the customer.
    Type: Grant
    Filed: August 3, 1999
    Date of Patent: September 12, 2006
    Assignee: Citibank, N.A.
    Inventors: Gregory McDonald, Patrick Wheeler
  • Patent number: 7092905
    Abstract: Systems and methods for processing credit card transactions including an account with a multi-dimensional balance structure, wherein balance segments within the balance structure have individually-definable terms and conditions. A system receives incoming transaction data by way of a conventional transaction system. A transaction processor within the system uses predetermined balance rules to determine an appropriate balance segment within an associated masterfile, which stores data. The multi-dimensional balance structure allows financial institutions to provide customers with special promotions for transactions meeting predetermined requirements, such as transactions with particular merchants, Internet purchases, and automobile-related purchases.
    Type: Grant
    Filed: October 31, 2001
    Date of Patent: August 15, 2006
    Assignee: Citibank, N.A.
    Inventors: Anita M. Behrenbrinker, Richard D. Feight
  • Patent number: 7076061
    Abstract: Improvements are obtained in key generation and cryptographic applications in public key cryptography, by reducing the bit-length of public keys, thereby reducing the bandwidth requirements of telecommunications devices, such as wireless telephone sets.
    Type: Grant
    Filed: May 19, 2000
    Date of Patent: July 11, 2006
    Assignee: Citibank, N.A.
    Inventors: Arjen K. Lenstra, Eric R. Verheul
  • Patent number: 7051096
    Abstract: A method and system for providing global self-service transaction terminals or automatic teller machines (ATMs) affords worldwide web content to ATM customers, centralized management for ATM operators, and supports local and remote administration for ATM field service personnel. The system includes multiple ATMs coupled over a network to a host, and the ATMs are provided with a touch screen interface and an interface for visually impaired persons. The ATMs enable both local and remote administration of ATM operations by bank personnel and an integrated network control. The ATMs are web-enabled, and ATM communications are performed over a communications network.
    Type: Grant
    Filed: September 1, 2000
    Date of Patent: May 23, 2006
    Assignee: Citicorp Development Center, Inc.
    Inventors: Theodore J. Krawiec, Stephen M. Gryte, John Frederick Riblett, Chris Shu-Wing Yu
  • Patent number: 7051001
    Abstract: A system and method for merchant function assumption of Internet checking and savings account transactions enables a service provider to take over all merchant type transactions and provide a merchant, such as an Internet merchant, with an approved order and appropriate credit for the transaction. A service provider server receives an electronic check or a payment instruction for the merchant from a customer. The payment instruction includes, for example, the originator's digital certificate and payment and purchase information, including the originator's checking or savings account number. The payment instruction is automatically sent to a customer's bank's server, which confirms the availability of funds for the payment. A confirmation of the availability of funds is automatically sent to the merchant, and a credit for the payment is automatically sent to the merchant's account.
    Type: Grant
    Filed: August 27, 1999
    Date of Patent: May 23, 2006
    Assignee: Citibank, N.A.
    Inventor: Alan Slater
  • Patent number: 7039812
    Abstract: A method and system for authenticating the identity of a user by an authority makes use of presenting biometric data for the user in a predetermined shared secret sequence. The method and system can be augmented by requesting an additional shared secret, such as a PIN or additional credentials, to establish multiple layers of authentication. Varying the layers of authentication results in greater or lesser security, and the accuracy for any given layer can be relaxed without compromising the integrity of the entire method.
    Type: Grant
    Filed: January 25, 2001
    Date of Patent: May 2, 2006
    Assignee: Citicorp Development Center, Inc.
    Inventors: Joseph C. Kawan, Yosif Smushkovich, Ronald King-Hang Chu
  • Patent number: 7028187
    Abstract: A system for open electronic commerce having a customer trusted agent securely communicating with a first money module, and a merchant trusted agent securely communicating with a second money module. Both trusted agents are capable of establishing a first cryptographically secure session, and both money modules are capable of establishing a second cryptographically secure session. The merchant trusted agent transfers electronic merchandise to the customer trusted agent, and the first money module transfers electronic money to the second money module. The money modules inform their trusted agents of the successful completion of payment, and the customer may use the purchased electronic merchandise.
    Type: Grant
    Filed: August 21, 1998
    Date of Patent: April 11, 2006
    Assignee: Citibank, N.A.
    Inventor: Sholom S. Rosen
  • Patent number: 7024174
    Abstract: A method and system for prepaying wireless telecommunications charges utilizes computer hardware and software including, for example, a user's mobile phone, a mobile operator's interactive voice response unit, a mobile payments interactive voice response unit, SMS, test messaging, email, ATM, kiosk, the Internet, and/or WAP or the like, a mobile payments engine, a mobile operator's prepaid billing system, a subscriber database, a payment gateway, and a transaction processing platform.
    Type: Grant
    Filed: July 22, 2002
    Date of Patent: April 4, 2006
    Assignee: Citibank, N.A.
    Inventors: Dan Nagy, Paul Goott, John Landry, David Cox, Michael C. Pang, Joe Favole, Michael Thompson
  • Patent number: 7020639
    Abstract: A method and system for determining the negotiability of checks drawn on any account from any bank or other financial institution based on a comparison against stored information on whether or not checks previously drawn on that account have cleared and were paid includes a database having two related tables. A table of active accounts at any bank is generated by recording account information from checks presented for negotiation at a second bank. If the check is not returned after a predetermined number of days (i.e., the check is paid), the record is updated to show that the account is “in good standing”. A separate table of accounts that are not in good standing is generated from returned unpaid checks. For each new entry in the table of accounts that are not in good standing, a corresponding record in the active account table is updated to show a status of “not in good standing”.
    Type: Grant
    Filed: October 24, 2000
    Date of Patent: March 28, 2006
    Assignee: Citibank, N.A.
    Inventor: Alan T. Slater
  • Patent number: 7020626
    Abstract: A synthetic currency transaction network which performs transactions with near real time finality of transaction between potential borrowers and potential lenders. Synthetic currency is created by pooling and dividing into shares a portfolio of highly liquid assets and frequent evaluation and disbursements of dividends on those assets so as to hold the value of the synthetic currency share at unity with the underlying currency. The synthetic currency network provides for interfacing users to the synthetic currency transaction network. A database is used for storing and maintaining records and other information of the network. A transaction manager manages network users' accounts and all network transactions. A fund accountant manages network information regarding the synthetic currency. A deposit bank acts as custodian for the portfolio of highly liquid assets which underlie the synthetic currency. An investment manager manages the measure of synthetic currency and directs investment decisions.
    Type: Grant
    Filed: July 17, 2000
    Date of Patent: March 28, 2006
    Assignee: Citibank, N.A.
    Inventors: Alvin Eng, Curtis Brill
  • Patent number: 7017187
    Abstract: The invention provides a method and system for quickly and preemptively controlling the outbreak of destructive software applications sent in an electronic messaging system. Such system and method provide an additional component to an electronic messaging system to detect and block possible malicious applications in attachments of electronic messages. The additional component can be customized to suit the electronic messaging system and reconfigured to accommodate future virus threats.
    Type: Grant
    Filed: December 28, 2000
    Date of Patent: March 21, 2006
    Assignee: Citigroup Global Markets, Inc.
    Inventors: John W. Marshall, Rob Ampaw, Dan Finucane
  • Patent number: 7010509
    Abstract: The present invention is a method and system for providing for investments to be made on behalf of an individual by a financial institution based on the individual's overall relationship to the financial institution. The relationship consists of the number, types, and size of accounts the individual has with the financial institution and any other companies associated with the financial institution. In addition, the length of time the individual maintains any of the accounts is also considered in the relationship. The financial institution saves resources by retaining individual loyal to the financial institution with larger account amounts and then uses this savings to invest into an account that will increase in value over time so as to provide the individual with greater assets in the future.
    Type: Grant
    Filed: July 23, 1999
    Date of Patent: March 7, 2006
    Assignee: Citibank, N.A.
    Inventors: John M. Hillman, Andrew F. Schadt
  • Patent number: 7007299
    Abstract: The present invention relates to a system and method for providing security to Internet hosting sites and mitigating electronic attacks against such sites. The system and method of the present invention provide: adequate Internet connections to the site to prevent connection floodings from intruders; implementation of different types of firewalls and an intrusion detection system to monitor and guard the site from electronic attacks; routing protocols to limit access to Internet hosting sites; continuous transfer of a hosting site from one geographic location to another in the event of an electronic attack against the hosting site or a disaster situation.
    Type: Grant
    Filed: August 30, 2001
    Date of Patent: February 28, 2006
    Assignee: Citibank, N.A.
    Inventors: Anthony Ioele, Mark Clancy, Gerald M. Samchuck, Syed Hasan Jafri, Howard Morgasen
  • Patent number: 6993505
    Abstract: The present invention discloses a method and system for collecting, standardizing, and analyzing lending data from all the offices of a financial institution, including information on small business, home equity, motor vehicle, credit card, mortgage, other secured and unsecured consumer products for commercial, community development, not-for-profit, and consortium customers. The invention enables data collection and analysis in a timely fashion such that interim reports may be prepared so that changes in lending practices can be implemented to assist with assuring compliance with the fair lending acts. A central repository is linked to all of the offices of the financial institution, and data mapping features are used to provide standardized reporting so that all data will be reported in a standardized form. The system processes, collects and standardizes information on new loans, renewals, credit line increases and application decisions for all of the business units within a financial institution.
    Type: Grant
    Filed: August 20, 1997
    Date of Patent: January 31, 2006
    Assignee: Citibank, N.A.
    Inventors: Charles B. Katz, William T. Caldon, Daniel Mahoney, Carl Stone
  • Patent number: 6978250
    Abstract: A system and method for performing and settling an electronic scrip transaction between a merchant and a member includes a database storing accounts for one or more participating merchants, scrip distributors, sponsoring organizations, and members. The system also includes merchant terminals, scrip distributor terminals, sponsoring organization terminals, and a system manager terminal, which are interconnected to one another, as well as to the database, over a network, and a member scrip card, such as a magnetic stripe card or a smart card. Transaction information, including the transaction amount, is entered at a merchant terminal and sent over the network to a scrip distributor terminal or system manager terminal, and the member's account is automatically debited by the transaction amount. Additionally, merchant loyalty point credit or tuition credit can be awarded and stored for the member in connection with the transaction amount.
    Type: Grant
    Filed: May 17, 1999
    Date of Patent: December 20, 2005
    Assignee: Citicorp Development Center, Inc.
    Inventors: Joseph C. Kawan, Melvin Takata, Coleman Hanover
  • Patent number: 6970853
    Abstract: A method and system for strong, convenient authentication of a web user makes use, for example, of a computing device, such as a user's personal computer (PC), coupled over a network, such as the Internet, to one or more servers, such as the host server of an authenticating authority, as well as one or more databases of the authenticating authority. The authentication process is broken into three phases, namely a registration phase, an enrollment phase, and a transaction authentication phase, with each phase being less intrusive and less secure than the preceding phase. In the registration phase, an authenticating authority registers the user based upon identification of the user using a strong authentication technique and provides an authenticating token to the user, which can be used in the enrollment phase to enroll one or more user devices for the user.
    Type: Grant
    Filed: June 6, 2001
    Date of Patent: November 29, 2005
    Assignee: Citibank, N.A.
    Inventor: Daniel Schutzer
  • Patent number: 6970836
    Abstract: A system and method for securely storing data provides for storing, managing, and updating an owner's secret data and for accessing the stored data by a trusted third party upon the occurrence of an event, such as the death of the owner. The system and method makes use of application software, such as a virtual wallet running at least in part on the server of a trusted third party and with a virtual executor function and a virtual archivist function. The virtual executor function automatically escrows a trusted third party's access aspect of the owner's secret device for accessing the stored data. Upon verification of the occurrence of the event, the virtual executor provides access to the stored data using the trusted third party's access aspect. The virtual archivist function automatically updates technologies related to the stored data.
    Type: Grant
    Filed: April 14, 1999
    Date of Patent: November 29, 2005
    Assignee: Citicorp Development Center, Inc.
    Inventors: Cris T. Paltenghe, Alnoor B. Mamdani, Lisa Ezrol, Charles Golvin, Henry Lichstein, Melvin Michio Takata
  • Patent number: 6968321
    Abstract: A method and system for remote operator interface with a self-service transaction terminal, such as an ATM makes use of a set of web based applications for operator functions to enable the remote operator to access the operator functions over a standard browser from a remote operator interface client PC. Each ATM with which the remote operator interface is used has a set of web based applications that supports the operator functions. The operator accesses the ATM from the client PC by bringing up the browser and entering a URL to point to a specific ATM. The remote operator interface supports a plurality of supervisory type functions and enables the user to administer a plurality of ATMs for which it is configured to allow the particular functions to be performed. Communication via the remote operator interface is secure over a private network or virtual private network (VPN) over the Internet. The remote operator must be authenticated to gain access, and the operator's entitlements may limit access.
    Type: Grant
    Filed: October 31, 2000
    Date of Patent: November 22, 2005
    Assignee: Citicorp Development Center, Inc.
    Inventor: Chris S. Yu
  • Patent number: 6947908
    Abstract: The present invention comprises a system and method for a customer and merchant to perform an on-line, and in some cases, real-time financial transaction from a personal computer or similar processing terminal over a public access communications network utilizing a universally acceptable electronic financial transaction instruction that debits a customer's selected account and notifies a merchant that a credit is due or forthcoming and a service provider. The financial transaction instruction is provided in a secured format for transactions sent over the public access communications network, which is external from any other conventional open or closed communication channels used for performing financial transactions.
    Type: Grant
    Filed: August 27, 1999
    Date of Patent: September 20, 2005
    Assignee: Citibank, N.A.
    Inventor: Alan Slater
  • Patent number: 6944318
    Abstract: Systems and methods for personal identification, preferably based on iris identification, include a camera for acquiring a presented image of a presented individual and a computer device for converting the presented image into a presented image metric. The computer device also compares the presented image metric to a predetermined arrangement of a plurality of reference image metrics of known individuals to identify the presented individual as one of the known individuals. The presented image metric and the plurality of reference metrics are both formatted to represent detailed physical characteristics of the individuals, including iris characteristics and other physical characteristics. Further, the plurality of reference image metrics may also be formatted to represent user-defined characteristics, which include non-image-related characteristics. The predetermined arrangement of the plurality of reference image metrics are ordered to provide a fast match with the presented image metric.
    Type: Grant
    Filed: January 14, 2000
    Date of Patent: September 13, 2005
    Assignee: Citicorp Development Center, Inc.
    Inventors: Melvin M. Takata, Mohammed A. Khan, Michael Merman
  • Patent number: 6938033
    Abstract: The present invention allows an e-mail server to process requests for Web pages and forward copies of the requested Web pages as attachments to e-mail messages. In addition to providing copies of a first set of Web pages themselves, the present invention also copies additional Web pages referenced by the links contained in the first set of Web pages into the e-mail messages so that the user may read the copies of the additional Web pages using the features and capabilities of a Web browser. The requests are generated by using a search engine or by requesting a specific Web page from a previously copied and linked Web page. The user may thus request Web pages and then go off-line and wait for the results to be returned to him/her as attachment(s) to e-mail message(s).
    Type: Grant
    Filed: October 1, 1999
    Date of Patent: August 30, 2005
    Assignee: Citibank, N.A.
    Inventor: Daniel Schutzer
  • Patent number: 6913193
    Abstract: A method and system for tracking and providing an audit trail for off-line smart card transactions includes storing information representing a monetary transaction in a permanent memo on an smart card microprocessor and holding the transaction amount in escrow until the stored information is transmitted from the smart card, for example, at an on-line terminal, to a host on-line system for logging to a tracking system. The monetary transaction includes a transaction with an off-line device, such as another smart card. The escrowed transaction amount represents, for example, a load transaction to one of the smart cards and an unload transaction to other smart card. Once the memo is deleted from the respective smart cards, the load values of the respective smart cards are incremented or decremented by the transaction amount. Alternatively, the smart cards may be provided with a card-to-card key, in which case, a permanent memo is stored only on the receiving smart card.
    Type: Grant
    Filed: January 28, 1999
    Date of Patent: July 5, 2005
    Assignee: Citicorp Development Center, Inc.
    Inventor: Joseph C. Kawan
  • Patent number: 6895386
    Abstract: A method and system for purchasing assets on behalf of customers who use financial transaction media such as credit cards, ATM/CAT cards, and electronic commerce managed by a financial institution. As the customer uses his financial transaction medium to purchase goods and services, he generates a sum of purchases. This sum is converted into incentive points that are added to incentive points previously earned. When the customer has enough incentive points, the method or system purchases an asset, such as a stock, on the customer's behalf, using the incentive points. The utilization of this method or system may be over a short-time promotional period, or it may commemorate a special occasion, or it may be used as part of a compensation package for an employee of a corporation.
    Type: Grant
    Filed: October 14, 1998
    Date of Patent: May 17, 2005
    Assignee: Citibank, N.A.
    Inventors: Richard Bachman, Patrice Pilkonis
  • Patent number: D559903
    Type: Grant
    Filed: February 2, 2007
    Date of Patent: January 15, 2008
    Assignee: Citicorp Credit Services, Inc.
    Inventor: Miriam Schwab
  • Patent number: D559904
    Type: Grant
    Filed: February 2, 2007
    Date of Patent: January 15, 2008
    Assignee: Citicorp Credit Services, Inc.
    Inventor: Miriam Schwab