Patents Examined by Clement Graham
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Patent number: 7584135Abstract: The present invention provides a system and method for trading of a commoditized product through a distributed network of computers, and for delivering the commoditized products after the trade. The system includes an order matching routine, a payment routine, a product qualification routine, and a distribution routine. The invention provides for secure electronic trading of a commoditized product through a hub centric platform that provides for a real order exchange in a real time environment, allows individual buyers and sellers to remain anonymous to each other, eliminates size or volume as a means of discrimination for transaction, and maximizes distribution efficiency.Type: GrantFiled: May 17, 2001Date of Patent: September 1, 2009Assignee: Bullion Direct, Inc.Inventors: Charles Hadley McAllister, Vivek Katyal
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Patent number: 7580875Abstract: An investment system comprising at least one investor, at least one financial market, and an investment vehicle. The investment vehicle enables the at least one investor to selectively buy and sell interests in each of a plurality of different individual securities traded on the at least one financial market. For each of the plurality of individual securities, interests in the security which are bought or sold by the at least one investor can correspond to a selected fractionalized market unit of the security.Type: GrantFiled: April 12, 2000Date of Patent: August 25, 2009Inventors: Gregory McCabe Finn, Bruce Gordon Bernstein
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Patent number: 7574398Abstract: A platform supports multiple processes, including market processes having respective market methodologies, trading processes having trading methodologies, platform processes providing services to the market processes and trading processes, and representation processes for coupling the market processes to external markets. The trading processes interact with each other and with external markets through the market processes.Type: GrantFiled: August 31, 2006Date of Patent: August 11, 2009Inventor: Christopher Keith
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Patent number: 7574396Abstract: New tools for modeling prepayment of principal by obligors behind asset-backed securities are provided. The obligors are categorized into groups for ordered removal from the modeling and valuation process according to their refinancing efficiency, for instance. These tools can be used in a coupled-lattice recursive analysis process to obtain the value of asset-backed securities such as mortgage-backed securities and collateralized mortgage obligations.Type: GrantFiled: December 4, 2002Date of Patent: August 11, 2009Assignee: Andrew Kalotay Associates, Inc.Inventors: Andrew J. Kalotay, Deane Yang
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Patent number: 7571142Abstract: A credit card system is provided which has the added feature of providing additional limited use credit card numbers and/or cards. These numbers and/or cards can be used for a single or limited use transaction, thereby reducing the potential for fraudulent reuse of these numbers and/or cards. The credit card system finds application to “card remote” transactions such as by phone or Internet. Additionally, when a single use or limited use credit card is used for “card present” transactions, so called “skimming” fraud is eliminated. Various other features enhance the credit card system which will allow secure trade without the use of elaborate encryption techniques. Methods for limiting, distributing and using a limited use card number, controlling the validity of a limited use credit card number, conducting a limited use credit card number transaction and providing remote access devices for accessing a limited use credit card number are also provided.Type: GrantFiled: February 18, 2000Date of Patent: August 4, 2009Assignee: Orbis Patents LimitedInventors: Daniel I. Flitcroft, Graham O'Donnell
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Patent number: 7571139Abstract: A network for processing retail sales transactions includes a customer transceiver with a unique customer number, a reader receiving the customer number and sending it to a point-of-sale device where it is combined with transaction information to form a transaction entry. The transaction entry is sent through a merchant computer to a transaction processing system having a customer database. The transaction processing system references an entry in the customer database corresponding to the customer/transmitter ID number and routes the transaction entry to a payment processing system specified in the customer database entry.Type: GrantFiled: February 17, 2000Date of Patent: August 4, 2009Inventors: Joseph A. Giordano, Tory N. Travis, Louis C. Garbarino
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Patent number: 7567937Abstract: The invention provides a computerized electronic auction payment system and method for effecting a real-time payment for an item won in an electronic auction by setting up and maintaining electronic auction payment accounts for prospective bidders and sellers. In one embodiment, upon being deemed as a winning bidder, the winning bidder accesses a payment page, enters the total amount of funds to be transferred to the seller, and authorizes the computerized electronic auction payment system to effect a real-time payment by debiting his, i.e., the winning bidder's, respective electronic auction payment account and crediting the electronic auction payment account of the seller, and/or another account specified by the seller.Type: GrantFiled: September 5, 2001Date of Patent: July 28, 2009Assignee: XPRT Ventures, LLCInventors: George Likourezos, Michael Anthony Scaturro
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Patent number: 7567925Abstract: The present invention enables the collection by credit/debit card payment of customer co-pay and self-pay charges via an integrated point-of-service transaction management system and method. The system and method of the present invention may assist health care facilities in the collection of co-pay and self-pay charges at the time service is rendered. The present invention can be implemented anywhere cash, checks, credit cards or debit cards are accepted for payment.Type: GrantFiled: November 21, 2003Date of Patent: July 28, 2009Assignee: Imagevision.netInventors: David Millary, Ken Blessing, Brian Clementoni
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Patent number: 7567934Abstract: A credit card system is provided which has the added feature of providing additional limited use credit card numbers and/or cards. These numbers and/or cards can be used for a single or limited use transaction, thereby reducing the potential for fraudulent reuse of these numbers and/or cards. The credit card system finds application to “card remote” transactions such as by phone or Internet. Additionally, when a single use or limited use credit card is used for “card present” transactions, so called “skimming” fraud is eliminated. Various other features enhance the credit card system, which will allow secure trade without the use of elaborate encryption techniques. Methods for limiting, distributing and using a limited use card number, controlling the validity of a limited use credit card number, conducting a limited use credit card number transaction and providing remote access devices for accessing a limited use credit card number are also provided.Type: GrantFiled: June 4, 2002Date of Patent: July 28, 2009Assignee: Orbis Patents Ltd.Inventors: Daniel I. Flitcroft, Graham O'Donnell
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Patent number: 7542936Abstract: A method, apparatus and system for marketing, delivering, and collecting payment for information is described. In one embodiment, the invention is a method of providing electronic mail for payment. The invention includes sending an electronic mail message including provided information and a price to a customer, the provided information having an inaccessible portion of information. The invention further includes transferring a payment from the customer, and rendering the inaccessible portion of information accessible to the customer.Type: GrantFiled: November 2, 2000Date of Patent: June 2, 2009Assignee: UTBK, Inc.Inventors: Karl Jacob, Mark Halstead, Steven Lurie
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Patent number: 7542943Abstract: A network-based payment service provides functionality for site operators to add payment links or objects to their sites. When a user selects such a link or object, the payment service may charge a fee to an account of the user, and may redirect a browser of the user to content associated with the link. In some use cases, the payment service may also cause all or a portion of the fee to be divided between multiple entities or site operators; for example, a portion may be paid to an entity responsible for hosting or publishing the payment link or object, and another portion may be paid to an entity that hosts or provides the associated content.Type: GrantFiled: August 13, 2001Date of Patent: June 2, 2009Assignee: Amazon Technologies, Inc.Inventors: Alan Caplan, Jonathan Leblang, Shaun Schooley, FuMing Young, Joel R. Spiegel, Jeffrey P. Bezos
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Patent number: 7539639Abstract: A method, apparatus, and signal-bearing medium for allowing participants to exchange information regarding a program. The program may be a joint-development program in which the participants are participating, and the information may be confidential information regarding the program that belongs to the respective participants.Type: GrantFiled: October 15, 2001Date of Patent: May 26, 2009Assignee: Intel CorporationInventors: Ray R. Bellantoni, Krishnan Raghuram, Howard Cooper, Sandeep Kundra
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Patent number: 7539638Abstract: A trading process represents an order that it is handling at multiple market processes simultaneously. Each of the market processes and the trading process follow a two-phase commit protocol, wherein permission to execute the order is obtained from the process controlling the order, and then the order is executed. Accordingly, multiple executions of an order are prevented. The control process is typically the trading process that originated the order. However, in some market methodologies, the market process may assume control over the order. Permission to execute the order is explicitly given by a trading process. Permission to execute the order may be inferred after a market process determines that no other market processes have control over the order.Type: GrantFiled: March 8, 2001Date of Patent: May 26, 2009Assignee: Stikine Technology, LLCInventor: Christopher Keith
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Patent number: 7536340Abstract: A compliance monitoring system and method identifies an individual or entity to be monitored for account compliance and receives account information associated with the individual or entity. The compliance monitoring system and method obtains holdings in the account and determines whether the holdings in the account comply with a predetermined rule.Type: GrantFiled: December 18, 2003Date of Patent: May 19, 2009Assignee: CashEdge, Inc.Inventors: Sanjeev Dheer, Jeremy N. Sokolic
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Patent number: 7536328Abstract: The present embodiments include methods, systems, and computer program products that provide tools for use in any type of electronic trading environment. In one aspect, leaning manager includes software that can be implemented on any type of computer device for tracking and/or coordinating the buying and selling of available market quantities by multiple automated or semi-automated trading tools. For instance, if more than one automated or semi-automated trading tool is leaning on the same tradeable object then the leaning manager may track and/or coordinate such action. The trading tools can use the tracked information and/or the allocated quantities and their prices to enhance their trading strategies.Type: GrantFiled: December 30, 2003Date of Patent: May 19, 2009Assignee: Trading Technologies International, Inc.Inventors: Scott F. Singer, Mark A. Musgrave, Michael J. Burns
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Patent number: 7536344Abstract: The present embodiments include methods, systems, and computer program products that provide tools for use in any type of electronic trading environment. In one aspect, leaning manager includes software that can be implemented on any type of computer device for tracking and/or coordinating the buying and selling of available market quantities by multiple automated or semi-automated trading tools. For instance, if more than one automated or semi-automated trading tool is leaning on the same tradeable object then the leaning manager may track and/or coordinate such action. The trading tools can use the tracked information and/or the allocated quantities and their prices to enhance their trading strategies.Type: GrantFiled: May 2, 2006Date of Patent: May 19, 2009Assignee: Trading Technologies International, Inc.Inventors: Scott F. Singer, Mark A. Musgrave, Michael J. Burns
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Patent number: 7533050Abstract: The present invention comprises a business offering to provide computer services and a system to provide a selection of those services. The offering comprises any combination of hosting computer application programs, providing e-business capabilities and providing integration facilities. The services are provided substantially simultaneously to a plurality of parties. In specific embodiments of the present invention, the computer application program is an Enterprise Resource Planning (ERP) system (such as the SAP™ ERP system). The ebusiness capability provides a means for online business transactions between vendors and other parties and the integration capability enables integration of computer applications. Preferably, integration of an ERP system with an ebusiness capability is provided as an eERP solution. However, vendors are able to select various alternative combinations in accordance with their specific needs.Type: GrantFiled: June 26, 2001Date of Patent: May 12, 2009Assignee: International Business Machines CorporationInventor: Anatole Shamrakov
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Patent number: 7526446Abstract: The present invention relates generally to a system of components, comprising an integrated architecture, which supports calibration of financial models, and the structuring, pricing, mark-to-market valuation, simulation, risk management, and reporting of a variety of credit instruments subject to both credit and market risk (e.g., interest rate, foreign exchange risk). Detailed instrument complexities may be accommodated, by modeling the underlying economic behavior driving the exercise of embedded options and other structural features of credit instruments by implementing detailed economic behavioral models.Type: GrantFiled: January 17, 2002Date of Patent: April 28, 2009Assignee: Algorithmics InternationalInventors: Scott Aguais, Barry Belkin, Victoria Farber, Lawrence R. Forest, Jr., Alexander Kreinin, Dan Rosen, Steve Suchower
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Patent number: 7523066Abstract: A system, method, apparatus, means, and computer program code that facilitate communication between trustees, investors, borrowers, and other vendors associated with a commercial mortgage loan.Type: GrantFiled: December 18, 2001Date of Patent: April 21, 2009Assignee: General Electric Captical CorporationInventors: Joseph F. Beggins, Peter A. Blake, Nedra J. Buchanan
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Patent number: 7523062Abstract: A securities processor includes a prematching process for validating an attributable security interest message placed by a market participant on a securities trading system This attributable security interest message relates to an individual security chosen from a plurality of securities traded on the securities trading system. A matching queue receives the validated attributable security interest message from the prematching process, and queues it for subsequent matching. A matching process obtains the validated attributable security interest message from the matching queue and compares it with previously-validated attributable security interest messages to determine if a match occurs between the validated attributable security interest message and one of the previously-validated attributable security interest messages.Type: GrantFiled: July 25, 2002Date of Patent: April 21, 2009Assignee: The Nasdaq OMX Group, Inc.Inventors: Daniel F. Moore, John T. Hughes, Jr., Fred Steining, Stuart Richard Serkin, Timothy Vincent