Patents Examined by Chika Ojiaku
  • Patent number: 8706589
    Abstract: A method for protecting against a loss in market value of real property includes providing a computer having a computer processor and modeling, using the computer processor, events to determine an expected future market value for the real property. The method also includes defining a premium amount for a policy to protect against a loss defined by a difference between a market value of the real property at a predetermined time and the expected future market value and determining, using the computer processor, the market value of the real property at the predetermined time. The method further includes determining, using the computer processor, that the loss has occurred and thereafter, covering the loss.
    Type: Grant
    Filed: January 5, 2011
    Date of Patent: April 22, 2014
    Assignee: United Services Automobile Association (USAA)
    Inventors: Arthur Quentin Smith, Bradly Jay Billman
  • Patent number: 8671056
    Abstract: Facilitating the solicitation of expert advice from trusted reviewers using a system that maintains a registry of product reviewers with areas of expertise. The system can identify reviewers that have an area of expertise relating to a consumer's purchase advice request (PAR) and are directly or indirectly connected to the consumer's social network. The system can calculate the trust level of the reviewers based on the relevance of each reviewer's area of expertise to the PAR and the degree of social separation between each reviewer and the consumer. The system provides the consumer with a ranked list of reviewers to answer the PAR and can forward the PAR to the reviewer selected by the consumer. In addition, the system can also complete the purchase of product/service recommended by the reviewer pursuant to the PAR on behalf of the consumer.
    Type: Grant
    Filed: January 22, 2013
    Date of Patent: March 11, 2014
    Assignee: Mastercard International Incorporated
    Inventors: Stephen Whitney, Peter J. Groarke
  • Patent number: 8635132
    Abstract: A user may obtain self-service financial planning. A comprehensive set of data pertaining to a user is gathered from various sources and analyzed to generate a financial plan. A user may be presented with various financial scenarios based on information provided by the user. The user may perform “what if” analyses to determine prospective financial plans and results based on hypothetical information that the user may provide. A user may be provided with a financial plan and the user may see how the plan changes under various risk tolerances and life event scenarios.
    Type: Grant
    Filed: April 14, 2008
    Date of Patent: January 21, 2014
    Assignee: United Services Automobile Associatiion (USAA)
    Inventors: Bruce Wesley Wilks, Robert Morales, Rennie Garcia, Robert Anthony Pacheco
  • Patent number: 8635158
    Abstract: A student loan repayment system for accumulating money using a client device, a computing cloud, and a network, wherein a cloud data storage contains computer instructions for presenting a student loan holder interface, creating a student profile, forming an account for accumulating money linked to another account, enabling the student loan holder to input goals, and enabling the student loan holder to make and receive deposits into the account for accumulating money. The deposits can include an amount of money selected by the student loan holder, an amount of money repaid by not purchasing a product or service, an amount of money repaid by purchasing a lower priced product or service, a similar product with a rebate, another promotional incentive for purchasing a product, or an amount of money associated with a non-monetary goal.
    Type: Grant
    Filed: March 8, 2013
    Date of Patent: January 21, 2014
    Assignee: Ledder High Risk Capital Ventures, LP
    Inventors: Emily Ledder, Mark S. Ledder
  • Patent number: 8612349
    Abstract: A cloud computing system and method for accumulating money using a client device, a computing cloud, and a network, wherein a cloud data storage contains computer instructions for presenting a user interface, creating a user profile, forming an account for accumulating money linked to another account, enabling the user to input goals, and enabling the user to make and receive deposits into the account for accumulating money. The deposits can include an amount of money selected by the user, an amount of money saved by not purchasing a product or service, an amount of money saved by purchasing a lower priced product or service, a similar product with a rebate, another promotional incentive for purchasing a product, or an amount of money associated with a non-monetary goal.
    Type: Grant
    Filed: August 30, 2012
    Date of Patent: December 17, 2013
    Assignee: Ledder High Risk Capital Ventures, LP
    Inventors: Emily Ledder, Mark S. Ledder
  • Patent number: 8612339
    Abstract: A system and method for a business customer interfacing with a financial institution through a computer network is presented. The method includes a determination of whether the customer is an on-line client of the financial institution, a verification of customer-provided information with a pre-existing client identification profile for the customer, a determination of whether the customer is a sole proprietorship, a determination of the customer's credit score using a set of predetermined criteria, and presenting a set of account options based at least in part on the verification of the customer-provided information and the customer's credit score. Additional customer-provided information may be received and verified and used to enroll the client in one or more programs offered by the financial institution at a predefined level based at least on one or more predetermined factors.
    Type: Grant
    Filed: August 12, 2009
    Date of Patent: December 17, 2013
    Assignee: Branch Banking & Trust Company
    Inventors: Teresa Rose, Lori Hall, Douglas Joel Zickafoose
  • Patent number: 8606627
    Abstract: A system that facilitates selecting advertisements that match a search query is described herein. The system includes a search query receiver component that receives a search query including keywords. The system also includes a match component that uses an associative data structure to identify in the associative data structure one or more data nodes that are associated in the associative data structure with respective unique keys corresponding to respective one or more hashes of combinations of the keywords in the search query. For each identified data node, the match component selects advertisements associated with bid phrases stored in the identified data node that respectively only include keywords included in the search query.
    Type: Grant
    Filed: June 12, 2008
    Date of Patent: December 10, 2013
    Assignee: Microsoft Corporation
    Inventors: Arnd Christian König, Martin Miroslavov Markov, Kenneth Ward Church
  • Patent number: 8606713
    Abstract: A computer implemented method for accumulating money using a client device, server, and network can include presenting a user interface, creating a user profile, forming an account for accumulating money linked to another account, enabling the user to input goals, and enabling the user to make and receive deposits into the account for accumulating money. The deposits can include an amount of money selected by the user, an amount of money saved by not purchasing a product or service, an amount of money saved by purchasing a lower priced product or service, or an amount of money associated with a non-monetary goal. The computer implemented method can include transmitting prompts to the client device with suggestions on how to save money, determining a progress towards the goals, displaying the progress, and displaying an updated monetary amount to be accumulated.
    Type: Grant
    Filed: April 4, 2012
    Date of Patent: December 10, 2013
    Assignee: Ledder High Risk Capital Ventures, LP
    Inventors: Emily Ann Ledder, Mark S. Ledder
  • Patent number: 8595105
    Abstract: A system for presenting a user's financial status captures a user's financial, demographic and goal information and calculates the user's financial status based upon their goals. The system then translates the user's financial status into an analogy that the user is apt to understand better than financial terms. The user is presented with their financial status in terms of the analogy such as a score. One such analogy is a football game, in which the user's financial status is translated and portrayed/displayed in terms of a football game, winning (attaining his or her goals) or losing (not doing well at attaining the goals), etc.
    Type: Grant
    Filed: July 6, 2011
    Date of Patent: November 26, 2013
    Assignee: Fantasy Finance Ventures, LLC
    Inventor: David Hirsch
  • Patent number: 8527412
    Abstract: A method, system, computer program product, or a combination of the foregoing and apparatus for an end-to-end Business Activity Monitoring (BAM) solution for an image send process. Specifically, monitoring metrics related to an image send process for cash letters or other negotiable items from the time that the items are received by the receiving financial institution until the time that the image cash letter is sent to the send partners and ultimately, the paying financial institution. An end-to-end monitoring solution provides real time insight into the health of a process, allowing the financial institution to address issues in advance of customer impact, both within and outside of the financial institution, and facilitate the identification of ongoing improvement opportunities as the process continues to grow and adapt.
    Type: Grant
    Filed: August 28, 2008
    Date of Patent: September 3, 2013
    Assignee: Bank of America Corporation
    Inventors: Willard H. Waldron, III, Geoffrey R. Williams
  • Patent number: 8229771
    Abstract: A person may store food to prepare for an emergency. An insurance policy may be issue to cover the stored food against loss, theft, spoilage, etc. In issuing the insurance policy and setting the premium, the insurer may take various factors into account, such as the type of food to be stored (e.g., canned, dried, etc.), where the food is to be stored (e.g., a cellar, a closet, a food locker, etc.), and whether the stored food is rotated with new food to prevent the stored food from spoiling due to age. During the life of the insurance policy, the insurer may issue alerts to the policyholder in order to advise the policyholder to rotate old food out of storage.
    Type: Grant
    Filed: November 29, 2011
    Date of Patent: July 24, 2012
    Assignee: United Services Automobile Association (USAA)
    Inventor: Bradly J. Billman
  • Patent number: 8069068
    Abstract: A person may store food to prepare for an emergency. An insurance policy may be issue to cover the stored food against loss, theft, spoilage, etc. In issuing the insurance policy and setting the premium, the insurer may take various factors into account, such as the type of food to be stored (e.g., canned, dried, etc.), where the food is to be stored (e.g., a cellar, a closet, a food locker, etc.), and whether the stored food is rotated with new food to prevent the stored food from spoiling due to age. During the life of the insurance policy, the insurer may issue alerts to the policyholder in order to advise the policyholder to rotate old food out of storage.
    Type: Grant
    Filed: June 5, 2009
    Date of Patent: November 29, 2011
    Assignee: United Services Automobile Association (USAA)
    Inventor: Bradly Jay Billman
  • Patent number: 8041640
    Abstract: A system and method for verifying the existence of a deposit account, such as a checking account, are provided. The system and method may also be used to determine whether the deposit account is configured to receive automatic transactions for withdrawal. For example, a lender may extend an offer of credit to a borrower where payments of principal and interest are to be made by automatic withdrawals. Prior to transferring the principal, the lender verifies the existence and configuration of the borrower's deposit account by charging a fee to establish the line of credit and retrieving the fee by automatic withdrawal. Once the transaction clears and the lender receives the fee, the lender is assured that the account does exist and is configured to receive automatic transactions. Two exemplary methods of retrieving the fee are electronic funds transfer and remote creation of a paper negotiable instrument.
    Type: Grant
    Filed: May 2, 2006
    Date of Patent: October 18, 2011
    Assignee: Compucredit Intellectual Property Holdings Corp. II
    Inventor: Brian Stone
  • Patent number: 8027899
    Abstract: A method for forming a securities bundle indexed to entertainment revenue includes determining a first funding amount for a first entertainment event. A second funding amount is determined for a second entertainment event. Next, a dividend schedule is determined for the first and second entertainment events. A securities bundle is formed at least partially based on the funding amounts and the dividend schedule, with the securities bundle comprising a first security and a second security. The first security is associated with the first entertainment event and the second security is associated with the second entertainment event.
    Type: Grant
    Filed: June 25, 2010
    Date of Patent: September 27, 2011
    Assignee: BGC Partners, Inc.
    Inventors: Joseph M. Asher, Howard W. Lutnick
  • Patent number: 8024263
    Abstract: Various embodiments of the present invention provide systems and methods for automatically compensating an individual's credit risk score for macroeconomic data. In particular, various embodiments provide systems and methods to determine a macroeconomic risk score. In addition, various embodiments provide systems and methods to determine an adjusted credit risk score for an individual based on the individual's credit risk score and a macroeconomic risk score that serves as a scale adjuster to keep overall delinquency and/or loss rates in line as economic factors change.
    Type: Grant
    Filed: January 19, 2010
    Date of Patent: September 20, 2011
    Assignee: Equifax, Inc.
    Inventors: Lisa Zarikian, John Zippe, Natalia Micheloud
  • Patent number: 8001034
    Abstract: A portfolio benchmarking system comprises a repository of trade data, a repository of consumer data, a build computer, and a benchmarking query application. The repository of trade data comprises a plurality of data items regarding trade lines. The repository of consumer data comprises a plurality of data items regarding consumers, wherein at least some information in the consumer data is not in the trade data and at least some information in the trade data is not in the consumer data. The build computer periodically generates at least one data file comprising a plurality of data items, each data item combining information from the trade data and the consumer data, such that searches can be performed on the combined data without joining trade data and consumer data at query run time. The benchmarking query application executes queries on the data file generated by the build computer.
    Type: Grant
    Filed: February 15, 2011
    Date of Patent: August 16, 2011
    Assignee: Experian Information Solutions, Inc.
    Inventors: Charles S. Chung, Linda A. Haran, Angela Granger, Patricia Cheryl Lassen
  • Patent number: 7996305
    Abstract: A system and method for forwarding multiple credit applications to multiple potential lenders. A user computer or a credit management server sends queries to potential lenders inquiring about the respective information fields used in the potential lenders' respective credit applications. The queries also request information relating to the desired format and transmission method of the respective credit applications. With this information, a dynamic credit application is generated which includes all of information fields from all potential lenders. A credit applicant enters credit information into the dynamic credit application. The system then generates tailored credit applications for each lender and forwards these tailored applications to the respective potential lenders. The lenders process the tailored applications and provide results to the user.
    Type: Grant
    Filed: December 17, 2010
    Date of Patent: August 9, 2011
    Assignee: Routeone LLC
    Inventors: Richard Seibert, Brad Rogers, Mark David Christensen, Michael Jurecki
  • Patent number: 7974920
    Abstract: Methods, computer readable media, and systems including program instructions are provided for use with benefit planning. A method embodiment includes providing terms for a number of benefit plans available to a potential participant. The embodiment also includes receiving an estimate of benefits to be used by the potential participant. The embodiment further includes displaying together an estimate of expenses to be incurred by the potential participant under each of the benefit plans based on the terms and the estimate of benefits to be used.
    Type: Grant
    Filed: March 31, 2006
    Date of Patent: July 5, 2011
    Assignee: Outsource One, Inc.
    Inventors: William P. Mehus, Jimmy R. Willard, Paul A. Walther
  • Patent number: 7974899
    Abstract: A user may generate a digital image of a negotiable instrument such as a check. The digital image may be transmitted to an institution in a digital image file for deposit of the check. After the user selects to submit the digital image file, the digital image file may be sent from a user computing device to the institution. The user computing device may be decoupled from the transaction once the submission of the digital image file for deposit of the check is made. The transaction is thereafter managed by the institution. Incomplete transactions are avoided by moving the transaction processing to the server side at the institution after the user submits the digital image file. This may be referred to as an atomic deposit transaction.
    Type: Grant
    Filed: September 30, 2008
    Date of Patent: July 5, 2011
    Assignee: United Services Automobile Association (USAA)
    Inventors: Bharat Prasad, Jeffrey N. Pollack
  • Patent number: 7970677
    Abstract: An image of a negotiable instrument may be communicated from a user to a financial institution using a messaging application so that funds associated with the negotiable instrument may be deposited into a user's bank account. A user may launch an instant messaging application and establish a communications session with a predetermined account at the financial institution to communicate the image. The image may be stored in a file or created by a capture device under control of the instant messaging application. The image file may be processed and verified by the financial institution, where it may be deposited in an account associated with the user.
    Type: Grant
    Filed: October 24, 2008
    Date of Patent: June 28, 2011
    Assignee: United Services Automobile Association (USAA)
    Inventors: Charles Lee Oakes, III, Michael Frank Morris, Bharat Prasad, Reynaldo Medina, III