Patents Examined by Barbara Joan Amelunxen
  • Method and system for providing buyer bank payable discounting services
    Patent number: 8606697
    Abstract: A system for conducting commercial transactions between buyers and sellers is disclosed. The system includes a transaction processing system for facilitating payment for transactions between buyers and the sellers. In addition to the buyer and the seller, the transaction processing system also interacts with issuers and acquirers. The transaction processing system monitors and manages payment information relating to transactions conducted between buyers and sellers. Using such information, the transaction processing system further offers a number of additional financing services including, for example, buyer payment assurance, buyer bank payment assurance, buyer bank payable discounting, buyer bank payable discount aggregation, seller/receivable financing and seller bank receivable discount aggregation.
    Type: Grant
    Filed: May 17, 2005
    Date of Patent: December 10, 2013
    Assignee: Visa International Service Association
    Inventors: William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau
  • Consistent set of interfaces derived from a business object model
    Patent number: 8606723
    Abstract: Methods and systems consistent with the present invention provide a data processing system having a business object model reflecting the data used during a business transaction. Consistent interfaces are generated from the business object model. These interfaces are suitable for use across industries, across businesses, and across different departments within a business during a business transaction.
    Type: Grant
    Filed: June 24, 2005
    Date of Patent: December 10, 2013
    Assignee: SAP AG
    Inventors: Michael Seubert, Jochen Rasch, Axel Kuehl, Stefan Adelmann, Gabriel Alvarez, Markus Biehler, Daniel Bock, Andreas Bold, Andreas Brossler, Daniel Buchmann, Renzo Colle, Robert Doerner, Stefan Elfner, Stefan Franke, Werner Gnan, Antonia Gross, Patrick Gross, Toralf Grossmann, Gerhard Gschwender, Joerg Hendricks, Wolf Hengevoss, Stephan Hetzer, Christine Hofmann, Volker Jaeck, Bernhard Kelnberger, Johann Kemmer, Joachim Kenntner, Adam Kiwon, Karsten Koetter, Thilo Kraehmer, Corinne Kuster, Christoph Lehner, Werner Liebold, Thomas Maag, Otto Makris, Andreas Morsch, Wolfgang Nieswand, Thomas Nitschke, Dietmar Nowotny, Markus Peter, Georg Podhajsky, Dominic Poetschke, Uwe Pyka, Ruediger Radcke, Frank Reinemuth, Gregor Rieken, Volker Ripp, Gerd Ritter, Paola Sala, Daniela Schapler, Matthias Schmitt, Andreas Schneider, Armulf Schueler, Dagmar Schultze, Reiner Seyler, Ralf Sievers, Gunther Stuhec, Frank Thome, Andre Wagner, Rudolf Winkel, Tao Yu, Jens Zachmann, Renato Zadro, Theo Zimmerman, Michael Zoeller
  • Financial transaction authentication servers, methods, and computer program products for facilitating financial transactions between buyers and sellers
    Patent number: 8606702
    Abstract: A financial transaction authentication server includes a wireless network interface that is configured to receive fund transfer requests from a buyer via a wireless communications terminal, a wireless terminal location module that is configured to identify the respective locations of the buyer and a seller, and a transaction authorization processor configured to authorize a transfer request if the geographic locations of wireless terminals of the buyer and seller are within a predetermined geographical proximity of each other. The wireless network terminal location module identifies the geographic locations of respective wireless terminals of the buyer and seller.
    Type: Grant
    Filed: February 13, 2013
    Date of Patent: December 10, 2013
    Assignee: AT&T Intellectual Property I, L.P.
    Inventor: John Ruckart
  • Method and system for providing assurance and financing services
    Patent number: 8571978
    Abstract: A system for conducting commercial transactions between buyers and sellers is disclosed. The system includes a transaction processing system for facilitating payment for transactions between buyers and the sellers. In addition to the buyer and the seller, the transaction processing system also interacts with issuers and acquirers. The transaction processing system monitors and manages payment information relating to transactions conducted between buyers and sellers. Using such information, the transaction processing system further offers a number of additional financing services including, for example, buyer payment assurance, buyer bank payment assurance, buyer bank payable discounting, buyer bank payable discount aggregation, seller/receivable financing and seller bank receivable discount aggregation.
    Type: Grant
    Filed: May 17, 2005
    Date of Patent: October 29, 2013
    Assignee: Visa International Service Association
    Inventors: William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau
  • System and method for allocation to obtain zero activity in one or more selected aggregated deposit accounts
    Patent number: 8571960
    Abstract: A method, program product and system, the comprising: one or more computers, configured for accessing databases comprising: aggregated deposit account information for a plurality of FDIC-insured interest-bearing aggregated deposit accounts held in depository institutions participating in program, and client account information; obtaining via an internet interface transfer data; allocating first amount to and/or from one depository institution, comprising: selecting sub-set of aggregated deposit accounts to deposit or to withdraw funds, while avoiding withdrawing funds for a respective sub-period one or more of other aggregated deposit accounts based on criteria; allocating funds to an aggregated deposit account held in one or more other depository institutions; allocating second fund amount from client accounts among the aggregated deposit accounts to substantially match the first amount; generating data for instructions to transfer funds to or from the sub-set of depository institutions.
    Type: Grant
    Filed: February 5, 2013
    Date of Patent: October 29, 2013
    Assignee: Island Intellectual Property LLC
    Inventors: Bruce Bent, Bruce Bent, II
  • Method and system for providing seller bank receivable discounting aggregation services
    Patent number: 8571977
    Abstract: A system for conducting commercial transactions between buyers and sellers is disclosed. The system includes a transaction processing system for facilitating payment for transactions between buyers and the sellers. In addition to the buyer and the seller, the transaction processing system also interacts with issuers and acquirers. The transaction processing system monitors and manages payment information relating to transactions conducted between buyers and sellers. Using such information, the transaction processing system further offers a number of additional financing services including, for example, buyer payment assurance, buyer bank payment assurance, buyer bank payable discounting, buyer bank payable discount aggregation, seller/receivable financing and seller bank receivable discount aggregation.
    Type: Grant
    Filed: May 17, 2005
    Date of Patent: October 29, 2013
    Assignee: Visa International Service Association
    Inventors: William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau
  • Managing consistent interfaces for financial business objects across heterogeneous systems
    Patent number: 8571961
    Abstract: A business object model, which reflects data that is used during a given business transaction, is utilized to generate interfaces. This business object model facilitates commercial transactions by providing consistent interfaces that are suitable for use across industries, across businesses, and across different departments within a business during a business transaction. Specifically, example business objects include FundsManagementFund and Merchandise Category Hierarchy.
    Type: Grant
    Filed: September 28, 2007
    Date of Patent: October 29, 2013
    Assignee: SAP AG
    Inventors: Dalibor Dvorak, Abdelmorhit El Rhazi, Dieter Scheerer, Joerg Bur, Jochen Comes, Barbara Rauh, Susanne Doenig, Masoumeh Moghaddam, Christian Hissler, Claudia Lotz
  • Arrangements and methods for automatically dispersing and tracking funds
    Patent number: 8571979
    Abstract: In an example application, a banking institution implements a computer-automated arrangement with another corporate entity that is independent of the banking institution. The arrangement permits the other corporate entity to render funds to corporate designees associated with the corporation's bank account via an account-management specification that defines and tracks funds under sub-accounts.
    Type: Grant
    Filed: July 22, 2005
    Date of Patent: October 29, 2013
    Assignee: TCF Financial Corporation
    Inventors: Kevin Kuntz, Ron Britz, Jeff Farmer, Gene Allen
  • Methods and systems for automated data collection and analysis
    Patent number: 8571974
    Abstract: A method for processing documents in a database having at least one record therein. Asset-related data contained on at least one document is reviewed pursuant to securitization of multiple assets. The at least one of the multiple assets comprises a commercial mortgage loan. The document is received into the database on a flow basis including receiving information from the document into the database as the document information becomes available for entry into the database. The flow basis includes collecting data from the document independently of an end use of the document. The contents of the document are analyzed to ensure compliance with at least one standard. The output data is provided from the record in the database. The output data includes at least data related to multiple assets associated with a securitization of the multiple assets. System, computer readable memory, and computer readable memory storage embodiments also are provided.
    Type: Grant
    Filed: June 17, 2008
    Date of Patent: October 29, 2013
    Assignee: The PNC Financial Services Group, Inc.
    Inventor: Donald P. Coleman
  • Systems and methods for automatically reinvesting certificate of deposits with an increase of the investment
    Patent number: 8571962
    Abstract: A system implemented on one or more computer processors may comprise at least one subsystem configured for automatically purchasing a first certificate of deposit for an investor for a specified amount of money having a predetermined term, at least one subsystem configured for waiting a predetermined period of time no longer than the term of the first certificate of deposit, at least one subsystem configured for automatically purchasing another certificate of deposit for an investor for the specified amount of money and having the same predetermined term, at least one subsystem configured for repeating actions for which each subsystem above is configured until a second specified amount of money has been spent.
    Type: Grant
    Filed: June 26, 2009
    Date of Patent: October 29, 2013
    Assignee: United Services Automobile Association (USAA)
    Inventor: Billie Jean West
  • Generating an annuity payment using a dynamic asset allocation investment
    Patent number: 8566191
    Abstract: An annuity is provided to an annuitant based on the performance of an investment. Assets of the investment are automatically reallocated over time and the annuity payment may change based on the performance of the automatically allocated assets. In some examples, the assets are automatically reallocated based on a demographic, which can include an age, a range of ages, and/or a gender.
    Type: Grant
    Filed: July 5, 2005
    Date of Patent: October 22, 2013
    Assignee: FMR LLC
    Inventors: Jonthan Shelon, Ren Cheng
  • Systems and methods for money fund banking with flexible interest allocation
    Patent number: 8566200
    Abstract: Method, system and program product, the method comprising: accessing databases comprising: aggregated account information FDIC-insured and interest-bearing aggregated deposit accounts held in banks in a program, wherein funds from a first plurality client accounts are associated with broker dealers, and client account information, obtaining fund transfer data for broker-dealer client accounts; allocating amounts to banks in the program; determining funds to be transferred to or from the banks based on the allocating step; updating databases; determining a respective interest rate from among at least three different interest rates based at least in part on criteria so that funds of some client accounts held in a respective one of the aggregated deposit accounts earns interest at a different interest rate from the funds of other client accounts held in the respective one aggregated deposit account; calculating for client accounts respective interest amounts.
    Type: Grant
    Filed: August 22, 2012
    Date of Patent: October 22, 2013
    Assignee: Island Intellectual Property LLC
    Inventors: Bruce Bent, Bruce Bent, II
  • Method and system for comparing a purchase order, actual data, and an invoice to determine a discrepancy between the purchase order, actual data, and the invoice
    Patent number: 8566194
    Abstract: A method and system for enhancing a workflow system by providing supportive information for a project is disclosed. A purchase order relating to at least one request for at least one good, at least one service, and combinations thereof relating to the project is received from a first user. An actual data to complete a portion of the project is received from a second user in response to the purchase order. An invoice is received from the second user upon completion of the portion of the project. The purchase order, actual data, and the invoice are compared to determine a discrepancy between the purchase order, actual data, and the invoice. A proposed reconciliation from the first user or the second user is received in response to an electronic notification of the discrepancy. An approval or disapproval of the proposed reconciliation is received from the first user or the second user.
    Type: Grant
    Filed: October 31, 2007
    Date of Patent: October 22, 2013
    Assignee: Wellogix Technology Licensing, LLC
    Inventors: Jeffrey A. Livesay, Robert Bodnar, Thomas A. Lopus
  • Method and system for providing buyer bank payable discounting aggregation services
    Patent number: 8566231
    Abstract: A system for conducting commercial transactions between buyers and sellers is disclosed. The system includes a transaction processing system for facilitating payment for transactions between buyers and the sellers. In addition to the buyer and the seller, the transaction processing system also interacts with issuers and acquirers. The transaction processing system monitors and manages payment information relating to transactions conducted between buyers and sellers. Using such information, the transaction processing system further offers a number of additional financing services including, for example, buyer payment assurance, buyer bank payment assurance, buyer bank payable discounting, buyer bank payable discount aggregation, seller/receivable financing and seller bank receivable discount aggregation.
    Type: Grant
    Filed: May 17, 2005
    Date of Patent: October 22, 2013
    Assignee: Visa International Service Association
    Inventors: William Reid, Craig Swackhammer, Kerry Lynch, Johnson Lau
  • Systems and methods for money fund banking with flexible interest allocation
    Patent number: 8566201
    Abstract: Method, system and program product, the method comprising: accessing databases, comprising: aggregated account information for FDIC-insured aggregated deposit accounts in banks in a program, client account information; receiving via the Internet fund transfer data for client accounts; allocating amounts to banks participating in the program to be held in aggregated deposit accounts based at least in part on the fund transfer data; determining an amount of funds to be transferred to or from banks based on the allocating step; determining for plurality of client accounts a respective interest rate from among at least three different interest rates; calculating for each client account determined to have first interest rate a respective interest for funds of the client account; calculating for each client account have second interest rate interest for the client account; determining for respective client accounts interest earned.
    Type: Grant
    Filed: August 22, 2012
    Date of Patent: October 22, 2013
    Assignee: Island Intellectual Property LLC
    Inventors: Bruce Bent, Bruce Bent, II
  • Financial transaction authentication servers, methods, and computer program products for facilitating financial transactions between buyers and sellers
    Patent number: 8401906
    Abstract: A financial transaction authentication server includes a wireless network interface that is configured to receive fund transfer requests from a buyer via a wireless communications terminal, a wireless terminal location module that is configured to identify the respective locations of the buyer and a seller, and a transaction authorization processor configured to authorize a transfer request if the geographic locations of wireless terminals of the buyer and seller are within a predetermined geographical proximity of each other. The wireless network terminal location module identifies the geographic locations of respective wireless terminals of the buyer and seller.
    Type: Grant
    Filed: December 12, 2007
    Date of Patent: March 19, 2013
    Assignee: AT&T Intellectual Property I, L.P.
    Inventor: John Ruckart
  • System and method for allocation to obtain zero activity in one or more selected aggregated deposit accounts
    Patent number: 8386382
    Abstract: A method, program product and system, the comprising: one or more computers, configured for accessing databases comprising: aggregated deposit account information for a plurality of FDIC-insured interest-bearing aggregated deposit accounts held in depository institutions participating in program, and client account information; obtaining via an internet interface transfer data; allocating first amount to and/or from one depository institution, comprising: selecting sub-set of aggregated deposit accounts to deposit or to withdraw funds, while avoiding withdrawing funds for a respective sub-period one or more of other aggregated deposit accounts based on criteria; allocating funds to an aggregated deposit account held in one or more other depository institutions; allocating second fund amount from client accounts among the aggregated deposit accounts to substantially match the first amount; generating data for instructions to transfer funds to or from the sub-set of depository institutions.
    Type: Grant
    Filed: June 21, 2012
    Date of Patent: February 26, 2013
    Assignee: Island Intellectual Property LLC
    Inventors: Bruce Bent, Bruce Bent, II
  • Methods and systems for building and managing portfolios based on ordinal ranks of securities
    Patent number: 8285620
    Abstract: A system, method, and computer-readable medium are provided for managing a portfolio using financial instrument rankings. A processor determines portfolio weights for financial instruments based on a ranking associated with each instrument, a cutoff rank, and a risk multiplier.
    Type: Grant
    Filed: September 9, 2009
    Date of Patent: October 9, 2012
    Assignee: Westpeak Global Advisors, LLC
    Inventor: Ronan G. Heaney
  • System and method for deriving data
    Patent number: RE44393
    Abstract: Best bid and best offer rate data from deals concluded on an anonymous trading system in a fungible instrument such as a foreign currency pair are processed to derive indicative rates. A minimum indicative rates spread between bid and offer prices is defined. The indicative rate bid and offer prices are set to the received best bid and offer prices and alternately an amount is added to the indicative offer rates and subtracted from the indicative bid rates until the spread between the indicative bid and offer rates is greater than or equal to the predefined minimum indicative rates spread and greater than the spread between the best bid and offer prices.
    Type: Grant
    Filed: September 3, 2003
    Date of Patent: July 23, 2013
    Assignee: EBS Group Limited
    Inventors: Alexander C. Riseman, Edward R. Howorka, James A. O'Hagan