Abstract: The present invention relates to a system and method for refunding foreigners' taxes and, more particularly, to a system and method for instantly refunding foreigners' taxes, in which taxes are easily refunded depending on foreigners' purchasing behavior and a refund desk operating company (Tax Van company) can receive commission through a brokerage company without receiving commission through affiliated stores, thereby preventing generation of receivables.

Abstract: Systems, methods, and computer program products are provided herein for hyperspectral imaging based authentication. An example method includes receiving check data associated with at least a first user and extracting one or more field details from the check data. By leveraging a hyperspectral imaging module, the method further includes generating hyperspectral image data associated with the one or more extracted field details and determining one or more spectral characteristics associated with the one or more extracted field details based on the hyperspectral image data. The method further includes determining a tampering indication for the check data based on the one or more spectral characteristics. The spectral characteristics may include one or more reflectance values associated with extracted field details across a plurality of spectral bands.

Abstract: An embodiment of the present invention is directed to a fully self-sufficient and configurable smart contract for private blockchains that eliminates code and updates. An embodiment of the present invention does not rely on multiple smart contracts to handle incoming transactions and data. A configurable smart contract framework of an embodiment of the present invention enables end users to configure and manage various business rules to be applied to transaction data without the need to write smart contract code. These business rules may be stored in the ledger in the form of transaction configuration rules and query presets for full auditability and traceability.

Abstract: One or more devices in a driving data analysis system may be configured to receive and execute a driving data analysis software application. One or more servers may provide a driving data analysis software application to various driving data analysis devices, such as mobile user devices and/or on-board vehicle systems. The driving data analysis devices may be configured to execute the driving data analysis software application, to receive/collect various driving data, analyze the driving data, and determine eligibility for one or more insurance offers based on the analysis of the driving data. For insurance offers based on driving data, insurance offer vouchers may be generated by the driving data analysis device and transmitted to an insurance provider server to redeem the insurance offer.

Abstract: A method of providing Internet commercialization services to a content owner may include obtaining rights from an owner of Web page contents on a Web page to commercialize the Web page contents, obtaining an ad from an advertiser for placement on the Web page, the advertiser agreeing to pay for placement of the ad, paying for traffic to the Web page based on a bid to a traffic partner and sharing profits with the owner of the Web page contents, if any, from payments by the advertiser above payment to the traffic partner for the traffic. The content owner may be a publisher of content on the Internet. The traffic partner may be a search engine. The method may include automatically providing Internet commercialization services to an Internet publisher. Various aspects of the method may be modified in a closed loop fashion to optimize profits.

Abstract: A system and method for using financial instruments to provide investment incentive to fund disaster mitigation projects and/or ecosystem restoration projects triggered by real world events detected at set points by sensors and analyzed by computing devices. The detection of events results in the computational analysis and determination of a characteristics of a resilience bond or ecosystem-service bond to be issued or returned to investors. Examples involve sensors used to detect events, including flood damage mitigation, earthquake damage mitigation, or air quality improvement. In one preferred embodiment of the disclosure an investor may make an initial payment into a financial instrument being a resilience bond used to fund a mitigation project, said financial instrument pays phases to the mitigation project developer at the completion of phases of the project that occur prior to the occurrence of a disaster.

Abstract: A method and a system for detecting suspicious transactions and providing warnings in advance of executing the transactions in order to prevent fraud are provided. The method includes: receiving a request to conduct a transaction with an entity by using a digital payment application, the request including first profile information that relates to the entity; retrieving second profile information that relates to the requestor; comparing the first profile information with the second profile information; and determining, based on a result of the comparison, whether to suspend the requested transaction. When a determination is made that the proposed transaction may be fraudulent, the transaction may be suspended and a warning message may be sent to the requestor in order to afford an opportunity to avoid the fraud.

Abstract: Insurance optimal quote recognition is provided to customers or potential customers seeking insurance. The customer contacts an agent about an insurance policy. The agent provides a system with contact information of the customer. The system sends a link, a notification, and/or the like to the customer via the contact information. The customer follows the link and provides a snapshot, digital version, or other documentation of a present or lapsed insurance policy. The system analyzes and extracts data about the policy and/or the customer using optimal quote recognition. The system generates an insurance policy quote using the extracted data. The policy quote is sent to the customer. The customer can accept the quote and bind the insurance policy. A notification and/or commission is sent to the agent upon binding.

Abstract: A system and method are presented that utilizes a primary server having shadow data and benefit bucket data to provide adjudication and payment processing of insurance payment requests without requiring interaction with an insurance server and normal adjudication processes. The primary server can handle adjudication and payment processing for a plurality of insurance providers. An alternate payment method can be identified with a member identifier, allowing both insurance payment adjudication and member payment through the alternate payment method. The primary server can provide benefit processing for retail discounts, and store value benefits for authenticated purchase transactions. A variety of discounts, stored value benefits, insurance benefits, and alternate payment mechanisms can be incorporated into a single transaction and handled in real-time during the transaction.

Abstract: According to some embodiments, a hail history storage device may store information periodically received from a remote third-party weather reporting service. A hail history score request associated with a geographic location and a date range may be received from a remote requester device. Responsive to the received hail history score request, a computer processor of a hail history server may automatically access information in the hail history storage device based on the geographic location and date range. Moreover, the computer processor may automatically evaluate accessed information to calculate a hail history score value. The computer processor may then transmit, to the remote requester device, historical hail evaluation data including the calculated hail history score value.

Abstract: Various methods, apparatuses, and media for processing a transaction are provided. A request to process the transaction is received. The request includes a plurality of pieces of transaction data. An initial contract is identified, based on at least a first piece of the transaction data, and loaded. The initial contract includes a plurality of mono-services, with each of the mono-services being a function literal that includes a defined input and output and being configured to implement exactly one piece of functionality. The initial contract is executed, with the mono-services being configured to return a result for responding to the request to process the transaction.

Abstract: Methods and systems are provided that include an order and/or quote engine that automatically adjusts bid, ask, or any other type of order prices to reflect some or all of the costs associated with a trade in an underlying item between a particular party receiving the order or orders accounting for specific costs associated with the party receiving the orders and in certain instances specific costs between the party receiving the order and the party submitting the order.

Abstract: A payment service system receives a transaction instrument identifier of a transaction instrument, and associates the transaction instrument with an account associated with a first user. The system identifies rules that identify whether to request authorization from a second user to process respective transactions that involve the transaction instrument and that are associated with one of a set of transaction types. The system receives a transaction indication indicating a request to use the transaction instrument for a transaction. The system determines, based on information about the transaction and the one or more rules, that the transaction is categorized into a first transaction type. The rules indicate that the authorization from the second user is to be requested for the first transaction type. The system receives an authorization to process the transaction from a user device associated with the second user, and automatically facilitates processing of the transaction.

Abstract: A method for performing payment transactions includes obtaining payor or payee information for a social media payment transaction and using the payor or payee information in a funds payment transaction on another system. Other systems, apparatuses, and methods are also described.

Abstract: A system, apparatus, and method for processing payment transactions that are conducted using a mobile payment device that includes a contactless element, such as an integrated circuit chip. The invention enables one or more of the operations of activation of a payment application, transfer of transaction data, updating of account records, setting or re-setting of a payment application counter or register, or transfer or processing of a script, command, or instruction, with these functions being performed with minimal impact on a consumer. This is accomplished by introducing a pre-tap and/or two-tap operation prior to, or as part of, the transaction flow.

Abstract: As disclosed, a processor is configured to receive information relating to an account user and a restriction relating to the account user's ability to spend funds from an account. Based on the information relating to the account user, the processor generates an electronic message comprising a link structured to allow the account user to download, at a user computing device, an instance of a mobile wallet application, wherein the instance of the mobile wallet application is structured to gather location data from at least one of a Bluetooth device interfacing with the user computing device, a WiFi device interfacing with the user computing device, and an application provided to the user computing device, and wherein the location data is used to allow a transaction based on a determination that the user computing device is within a threshold distance from a second computing device.

Abstract: A device may receive, from client devices of users, user data identifying the users, client device data identifying the client devices, and transaction card data identifying transaction cards, and may receive transaction account data identifying transaction accounts. The device may process the user data, the client device data, the transaction card data, and the transaction account data, with a machine learning model, to determine trust scores for the transaction cards, and may identify trusted transaction cards based on the trust scores. The device may receive, from trusted client devices associated with the trusted transaction cards, location data identifying locations of the trusted client devices and communication data indicating communications between the trusted transaction cards and the trusted client devices. The device may generate a card mapping for the trusted transaction cards based on the location data and the communication data, and may perform actions based on the card mapping.

Abstract: A system and method in accordance with exemplary embodiments may include systems and methods for providing fraud management, which may include, receiving account holder data, determining vertical spend patterns associated with merchants to define a merchant risk for each merchant, generating a transactional behavior patter for the account holder, and generating a fraud score and/or action set (e.g., refer/decline/queue for review) based on the transactional behavior pattern and merchant risk. Account holder data may include, for example, an account type, an account balance, account credits and debits, and transaction data including merchant name, location, and transaction details.

Abstract: A wearable device, e.g., a smart watch, may be connected to a communication device, such as a mobile smart phone, via Bluetooth or other Near Field Communication (NFC). In particular, the wearable device may have a touch screen that may serve as an extended display and/or user input device of the communication device. For example, a user may receive payment related notifications on the wearable device. The user also may operate the wearable device to make and/or receive payments, view transaction history, view and/or accept offers from nearby merchants, view and/or check in to nearby stores and etc. Further, the wearable device also may allow the user to make payment transactions in extreme environments not suitable for the communication device, such as under water.

Abstract: Described herein is a secure system and methods for enabling a user to remotely generate a token to be used in a transaction. In the disclosure, the user may provide a mobile device identifier to a resource provider to complete a transaction. A service provider, upon receiving the mobile device identifier, may generate a message to be transmitted to a mobile device associated with that mobile device identifier that includes details of the transaction to be complete. Upon receiving the message, the user may be asked to elect a token service installed on the mobile device with which the transaction should be completed. This token service may be used to authenticate the user and subsequently generate or provide the requested token. The service provider computer may then use the generated token to complete the transaction.