Patents Examined by Carol See
  • Patent number: 10176477
    Abstract: A method and system of transferring value from a payer participant of a first online community website to a payee participant of a second online community website through a payment account translation system is provided. The method includes initiating a first payment request, validating that the payer and payee are registered participants of the online community, translating the payer alias into a payer pseudo-account number using business rules and community participant profiles associated with the community website from which the payment request is made, and mapping the payer pseudo-account number to a respective funding/repository account primary account number (PAN). The method further includes transmitting the PANs and a validation code to a payments network for processing through the payments network and approving the transfer of value from the payer to the payee such that the PAN of the payer is unknown to the community website.
    Type: Grant
    Filed: November 16, 2010
    Date of Patent: January 8, 2019
    Assignee: MASTERCARD INTERNATIONAL INCORPORATED
    Inventors: Patrick L. Killian, Sandeep Malhotra
  • Patent number: 10121129
    Abstract: The ELECTRONIC WALLET CHECKOUT PLATFORM APPARATUSES, METHODS AND SYSTEMS (“EWCP”) transform customer purchase requests triggering electronic wallet applications via EWCP components into electronic purchase confirmation and receipts. In one implementation, the EWCP receives a merchant payment request, and determines a payment protocol handler associated with the merchant payment request. The EWCP instantiates a wallet application via the payment protocol handler. The EWCP obtains a payment method selection via the wallet application, wherein the selected payment method is one of a credit card, a debit card, a gift card selected from an electronic wallet, and sends a transaction execution request for a transaction associated with the merchant payment request. Also, the EWCP receives a purchase response to the transaction execution request, and outputs purchase response information derived from the received purchase response.
    Type: Grant
    Filed: July 5, 2012
    Date of Patent: November 6, 2018
    Assignee: VISA INTERNATIONAL SERVICE ASSOCIATION
    Inventor: Avinash Kalgi
  • Patent number: 10049356
    Abstract: Methods, systems, and machine-readable media are disclosed for processing a card-not-present transaction. According to one embodiment, processing a card-not-present transaction can comprise receiving a request for a card-not-present transaction involving an enrolled consumer. The request can include information identifying the enrolled consumer. A record of information related to the enrolled consumer can be read and the enrolled consumer can be authenticated based at least in part on the information of the request and the record of information related to the enrolled consumer. In response to authenticating the enrolled consumer, a set of single-use payment information can be generated which can include a one-time password and a dynamic Primary Account Number (PAN) which is valid for a single transaction. The single-use payment information can be provided to the enrolled consumer or the merchant to complete the transaction in place of the true PAN.
    Type: Grant
    Filed: December 18, 2009
    Date of Patent: August 14, 2018
    Assignee: First Data Corporation
    Inventor: Vijay K. Royyuru
  • Patent number: 10032217
    Abstract: Disclosed herein are system, method, and computer program product embodiments for reconciliation needed to enable access to accelerated contribution funded accounts (CFAs). An embodiment operates by configuring a management database to store a linked CFA associated with a CFA and a CFA on demand (CFAOD). A contribution processing system of a provider may receive a contributions file from an employer. The contribution processing system may delay contribution reconciliation of the linked CFA until a contribution amount is received. During contribution reconciliation, the contribution processing system may resolve the CFAOD using the received contribution amount such that the amount borrowed is minimized before funding the CFA with a remaining contribution amount. Upon resolution of the CFAOD, the contribution processing system may concurrently send information to a bank server and a card server to reconcile the respective bank and card accounts with the linked CFA at the provider.
    Type: Grant
    Filed: July 17, 2017
    Date of Patent: July 24, 2018
    Assignee: ConnectYourCare, LLC
    Inventors: David Roberts, Melissa Stirling, Peter Mazur, Jennifer Levy, Bryan Schrock, Brian Strom, Dan Stachura
  • Patent number: 10032163
    Abstract: System(s), method(s), and device(s) that generate and use single-use financial account card numbers (SUFACNs) to facilitate secure processing of financial transactions are presented. A user registers a financial account(s) with a financial transaction platform (FTP), a user profile comprising user-related information is created, and a personal identification number (PIN) is associated with the user. When making a purchase locally or online, the user's portable communication device (PCD) accesses the FTP via an application or web site, the PCD synchronizes with the FTP, and the PCD and FTP each respectively generate the same SUFACN(s) based in part on time of generation and PIN. The SUFACN is presented to the seller's register component via scanning (e.g., when SUFACN is a barcode) or entering the SUFACN. The register component sends the SUFACN to the FTP, which interacts with the user's financial account(s) to facilitate payment.
    Type: Grant
    Filed: December 2, 2010
    Date of Patent: July 24, 2018
    Assignee: B & H WORLDWIDE, LLC
    Inventors: Joseph Thomas Ritorto, Christopher Robert Lattanzio
  • Patent number: 9996826
    Abstract: A system and method for facilitating a value exchange transaction. A first party initiates the transaction by selecting or providing an identifier of another party and the value to be exchanged. The second party may be identified by a pre-existing identifier such as an electronic mail address, telephone number, etc. The system informs the second party of the transaction (e.g., using the specified pre-existing identifier). If the second party is not a registered user of the system, he or she is invited to register and complete the transaction. The system may comprise a synchronization server for exchanging transaction details with users' devices, a communication server for registering new users and/or conducting transactions online and a financial server for interacting with external financial institutions.
    Type: Grant
    Filed: August 27, 2008
    Date of Patent: June 12, 2018
    Assignee: PAYPAL, INC.
    Inventors: Max Levchin, Luke Paul Nosek, Peter Thiel, Scott Alan Banister
  • Patent number: 9965731
    Abstract: Improved techniques are disclosed for processing transactions or requests in a data processing system. For example, a method for processing requests in a system including a plurality of nodes includes the following steps. At least two nodes of the plurality of nodes receive a plurality of requests. The two nodes exchange information to determine an order for processing requests. The two nodes process the requests in accordance with the order. The order may include a total order or a partial order.
    Type: Grant
    Filed: June 22, 2007
    Date of Patent: May 8, 2018
    Assignee: International Business Machines Corporation
    Inventors: Paul M. Dantzig, Donna N. Dillenberger, Arun Kwangil Iyengar, Francis Nicholas Parr, Gong Su
  • Patent number: 9965760
    Abstract: Systems and methods for facilitating electronic transactions utilizing data capturing devices are provided herein. Methods may include generating a transaction event which comprises transaction details and receiving a transaction acceptance from a first client device. The transaction acceptance may include a capture of at least a portion of the transaction details and a unique merchant identifier by a first data capturing device of the first client device and a confirmation. The method further includes providing indication of a payment authorization to the merchant.
    Type: Grant
    Filed: June 29, 2012
    Date of Patent: May 8, 2018
    Assignee: Hurricane Electric
    Inventor: Mike Leber
  • Patent number: 9934519
    Abstract: A system and method is provided to implement charging models for subscriber driven media agnostic content delivery across same or different networks. The method includes receiving content of a first media type over a network from a sending client. The method further includes sending the content or a reference to the content to a receiving client in a preferred media type and to a preferred device in accordance with at least one preference of the receiving client. The method also includes generating a billing record based on the content and user preferences of a sending client and/or a receiving client.
    Type: Grant
    Filed: January 4, 2008
    Date of Patent: April 3, 2018
    Assignee: INTERNATIONAL BUSINESS MACHINES CORPORATION
    Inventors: Michael E. Alexander, Sri Ramanathan, Frank A. Schaffa, Matthew B. Trevathan
  • Patent number: 9317976
    Abstract: Systems and techniques are presented for processing a user through a paid entry gate using a mobile device. The mobile device receives a beacon packet from a first wireless beacon and wakes up an application. The application wakes up by transitioning to an active or background execution state. The application transmits validation data to a computer server system and the computer server system validates an account of the user. The mobile device receives a beacon packet including a gate identifier that is a unique identification of the paid entry gate from a second wireless beacon and transmits the gate identifier to the computer server system. The computer server system receives the gate identifier, debits the account of the user, and transmits a signal to a gate entry device associated with the gate identifier to grant the user passage through the paid entry gate.
    Type: Grant
    Filed: October 29, 2014
    Date of Patent: April 19, 2016
    Assignee: Cubic Corporation
    Inventors: David Andrews, Paul Monk, Pradip Mistry
  • Patent number: 8805704
    Abstract: Disclosed is a novel insurance product that provides additional reinsurance coverage to mitigate risks associated with catastrophic events which adversely affect property and casualty insurance rates. The reinsurance product contains one or more tiers of protection which allows a purchaser to vary the coverage related to one or more catastrophic events, such as an earthquake, a hurricane, or a flood.
    Type: Grant
    Filed: October 25, 2007
    Date of Patent: August 12, 2014
    Assignee: Hartford Fire Insurance Company
    Inventors: Christopher M. Lewis, Richard L. Alleyne
  • Patent number: 8781954
    Abstract: Improved systems and methods are provided for identifying financial relationships. In particular, financial relationships may be identified by associating tradelines with one or more people who sign or co-sign on the tradeline. In various embodiments a method is provided comprising, receiving, at a computer-based system for credit data analysis comprising a processor and a tangible, non-transitory memory, credit reporting data relating to a tradeline, parsing, by the computer-based system, the credit reporting data to yield primary debtor data and secondary debtor data, and linking, by the computer-based system, the tradeline with the primary debtor data and the secondary debtor data.
    Type: Grant
    Filed: February 23, 2012
    Date of Patent: July 15, 2014
    Assignee: American Express Travel Related Services Company, Inc.
    Inventors: Kathleen Haggerty, Venkat Varadachary
  • Patent number: 8744959
    Abstract: A system for third party bill payment services used by a payer to pay a biller with whom a payer has an account includes a third party computer system for accessing biller data, the biller data for the payer comprising at least one account identifier, an amount due, and a nominal bill due date; a payment option generator for developing at least one payment option wherein the payment specified is responsive to a difference between a proposed payment date and the nominal bill due date; a payer interface for presenting the at least one payment option to the payer and for accepting a payer option selection and a payment funding confirmation; and a payment execution controller responsive to the payer option selection and funding confirmation, for initiating payment to a biller account on behalf of the payer.
    Type: Grant
    Filed: August 13, 2008
    Date of Patent: June 3, 2014
    Assignee: MoneyGram International, Inc.
    Inventors: Gordon Smith, Terry Wallace, Emiko Gordon, Matt Canetto
  • Patent number: 8694413
    Abstract: Computer-based systems and methods that determine interest profiles of contacts of work product. The contact interest profiles may indicate the contacts' interests in particular topics of research work product and/or analyst teams within the research department that produced the research work product. The contacts' interest profiles may be determined based on research work product accessed by the contacts according to topic and/or analyst team that produced the research work product, the interaction of the contacts with the research department, and any other reliable information indicative of the contacts' topic and/or team interests. Also, research work product items produced by the entity may be rated for each contact based on, for example, the topic(s) of the research work product items and the analyst teams that produced the research work product items, as well as the contacts' topic and/or analyst team interests.
    Type: Grant
    Filed: February 23, 2012
    Date of Patent: April 8, 2014
    Assignee: Morgan Stanley & Co. LLC
    Inventors: Barry S. Hurewitz, Vaughn S. Harvey, Robert Treder, Scott Solomon, Omar Moustafa, Thami Rachidi
  • Patent number: 8688562
    Abstract: A system and method are provided for prioritized automated trading. One example method may include receiving a plurality of parameters, where each parameter has an order-related action associated with a trading strategy, and then detecting one or more events that trigger a plurality of order related actions. The method then includes determining priority levels in relation to a plurality of triggered order-related actions using at least one priority rule, and processing the plurality of triggered order-related action in an order associated with the determined priority levels.
    Type: Grant
    Filed: September 27, 2004
    Date of Patent: April 1, 2014
    Assignee: Trading Technologies International, Inc.
    Inventor: Brian J. Buck
  • Patent number: 8666887
    Abstract: An automated account management system provides a user with the ability to establish rules that dictate how the account management system is to manage the user's accounts. Once the user specifies a set of rules, the system automatically manages multiple accounts across multiple financial institutions in accordance with the user-defined rules. Other features, such as an on-line bill payment system, a money transfer system, and a retirement planning system, may be integrated within the automated account management system to provide the user with even greater control over his or her financial assets.
    Type: Grant
    Filed: October 20, 2008
    Date of Patent: March 4, 2014
    Assignee: FMR LLC
    Inventor: Steve Elterich
  • Patent number: 8645274
    Abstract: The invention concerns a method of making a payment transaction between a customer and a merchant using a payment card (200) of the customer including steps of: transmitting details of the payment transaction from a mobile device (202) to a remote server; capturing at least one image of the payment card using the mobile device of the merchant; transmitting the at least one image of the payment card to the remote server; identifying, by the remote server, the merchant and the payment card captured in the at least one image; and implementing the payment transaction between bank accounts (208, 210) of the customer and the merchant.
    Type: Grant
    Filed: February 10, 2009
    Date of Patent: February 4, 2014
    Assignee: Accenture Global Services Limited
    Inventor: Robert Hasson
  • Patent number: 8639604
    Abstract: A system and method of managing tax-deferred retirement accounts that enable the participants to invest in exchange traded funds (ETFs) and to forecast and intelligently plan for their retirement savings needs. The system and method preferably allow each participant to select an asset allocation model pursuant to which their investments will be managed and periodically rebalance the portfolio of each participant based on the selected asset allocation model.
    Type: Grant
    Filed: October 26, 2004
    Date of Patent: January 28, 2014
    Assignee: Invest N Retire, LLC
    Inventor: Darwin K. Abrahamson
  • Patent number: 8612323
    Abstract: Systems and methods for determining a trade fee charged by a trading venue to a market participant, or a rebate credited by a trading venue to a market participant are disclosed. The method may include a computer accessing and storing one or more order information parameters in memory, as well as accessing and storing one or more of market characteristics in memory. The method may further include calculating a trade fee or rebate that is based on at least one of the order information parameters and at least one of the market characteristics stored in memory. A system may include a memory containing instructions for calculating a trade fee or rebate and a processor in communication with the memory, the processor configured to execute the instructions according to the method set out above.
    Type: Grant
    Filed: June 7, 2012
    Date of Patent: December 17, 2013
    Assignee: Chicago Board Options Exchange, Incorporated
    Inventors: Eric Frait, Eileen C. Smith
  • Patent number: 8612320
    Abstract: The present invention relates to a method and apparatus for detecting fraudulent activity by preventing the rapid funding of multiple loans on the same property, by providing a collective database where real estate property information is examined and the apparatus detects whether at least two mortgage applications are the same property as collateral.
    Type: Grant
    Filed: January 12, 2007
    Date of Patent: December 17, 2013
    Assignee: Corelogic Solutions, LLC
    Inventors: Robert L. Walker, Benjamin C. Graboske, George S. Livermore