Patents Examined by Frantzy Poinvil
  • Patent number: 11989780
    Abstract: The subject of the invention is an insurance claim and/or financial transaction processing system for parametric risk related claims and/or performance warranty related transactions that can be processed using transparency and in a rapid manner wherein the performance or insurance is transacted using sensors and/or analytics. The invention also includes a marketplace where parties can enter or leave, buy or sell, a transaction or transactions associated with an insurance or financial transaction. The system enables aggregation and/or distribution of risk, performance obligations or investments, and aggregation/distribution and/or syndication of insurers or bankers, crowdsourcing/crowdfunding and/or participation of individuals and small groups within the transaction system. The integration of investment, insurance risk conditionalities and performance guarantees within a single exchangeable system is also envisioned. Transaction re-risking and de-risking and associated payments or payouts is also envisioned.
    Type: Grant
    Filed: June 25, 2020
    Date of Patent: May 21, 2024
    Assignee: WaterwAIs Inc.
    Inventors: Pusker Regmi, Daniel Medina, Kieran Iyengar, Sudhir Murthy, James Clarke
  • Patent number: 11972423
    Abstract: A mobile device presents representations of payment accepting unit events on a display, by identifying a payment accepting unit that is available to accept payment, displaying a visual indication of the payment accepting unit, and accepting user input to receive selection of the payment accepting unit and trigger payment, establishing a wireless communication path including the mobile device and the payment accepting unit, enabling user interaction with the user interface to complete the transaction, exchanging information with the available payment accepting unit via the one or more radio transceivers in conjunction with the transaction, and displaying an updated user interface of the mobile payment application.
    Type: Grant
    Filed: May 14, 2023
    Date of Patent: April 30, 2024
    Assignee: PAYRANGE INC.
    Inventor: Paresh K. Patel
  • Patent number: 11972462
    Abstract: A system includes a computing device comprising a memory storing instructions configured to cause a processor to receive: purchase data associated with products purchased by a user, online activity data performed by the user and other users and associated with information pertaining to the products, and vendor information comprising retail sales data, after-market sales data, and product availability associated with the products. The processor determines one or more values of the products based on the purchase data, the online activity data, and the vendor information and whether the purchased products correspond to specialty products based on the purchase data, the online activity data, and the values of the products. The processor may then send a notification to the user comprising an offer for insurance for the products in response to determining the products correspond to specialty products.
    Type: Grant
    Filed: April 15, 2022
    Date of Patent: April 30, 2024
    Assignee: United Services Automobile Association (USAA)
    Inventors: Galo M. Alava, Amanda Michelle Boyd, Ramsey Devereaux, Gregory Mark Lamontagne, Elizabeth J. Rubin, Brian Tougas, Courtney St. Martin, Michael Kyne
  • Patent number: 11966920
    Abstract: A mobile device presents representations of payment accepting unit events on a display, by identifying a payment accepting unit that is available to accept payment, displaying a visual indication of the payment accepting unit, and accepting user input to receive selection of the payment accepting unit and trigger payment, establishing a wireless communication path including the mobile device and the payment accepting unit, enabling user interaction with the user interface to complete the transaction, exchanging information with the available payment accepting unit via the one or more radio transceivers in conjunction with the transaction, and displaying an updated user interface of the mobile payment application.
    Type: Grant
    Filed: May 14, 2023
    Date of Patent: April 23, 2024
    Assignee: PAYRANGE INC.
    Inventor: Paresh K. Patel
  • Patent number: 11961085
    Abstract: The disclosed technology relates to Spend Limit Systems for gas-station refuel transactions. An exemplary system may receive vehicle information identifying a customer's vehicle and identify associated vehicle characteristics (e.g., gas tank size). The system may identify a known gas-station transaction geographic region for the customer. When the customer (or a fraudster) attempts to purchase gas, the system may receive a transaction request and, in response, set a single transaction limit sufficient to fill the gas tank size with gas and an associated spend limit. The system may also determine whether the merchant location falls within the known gas-station transaction geographic region. When it does, the system may approve the transaction request up to the spend limit. Otherwise, the system may perform one or more fraud prevention actions to authenticate the customer and either approve or deny the transaction request up to the spend limit and/or selectively perform fraud mitigation action(s).
    Type: Grant
    Filed: April 27, 2022
    Date of Patent: April 16, 2024
    Assignee: CAPITAL ONE SERVICES, LLC
    Inventors: Abdelkader Benkreira, Nimma Bhusri, Kaylyn Gibilterra
  • Patent number: 11941592
    Abstract: A method of processing a virtual money order transaction includes establishing an account for a first user having a first user device and receiving from a second user device, a virtual money order purchase request identifying the first user as a payee, an amount, and payment information. A transfer of a payment amount from a second user account to a transaction processor account is processed and a virtual money order is generated with associated information accessible at a network address. A notification including the network address is transmitted to the first user device and a request to receive the money order information is received via the network address. Responsive to verification that the requester is authorized, the information is transmitted to the first user device. A redemption request is received and a transfer of the money order amount from the transaction data account to the redemption requester is processed.
    Type: Grant
    Filed: February 14, 2022
    Date of Patent: March 26, 2024
    Assignee: CAPITAL ONE SERVICES, LLC
    Inventors: Kyle Johnson, Salik Shah, Robert Perry
  • Patent number: 11941609
    Abstract: A system and method for adding a virtual credit account to a mobile device is disclosed. The system receives a contact information for a customer at a store's electronic device, the contact information comprising: at least one of a device identifier (ID) and a user ID, the contact information being part of a request for a pre-existing credit account to be added to the customer's mobile device. An access to an account lookup/verification for the pre-existing credit account is provided to the customer's mobile device, the access generate an out-of-band verification. the request for the pre-existing credit account to be added to the customer's mobile device in conjunction with the out-of-band verification is provided by the customer's mobile device. The pre-existing credit account is then added to the customer's mobile device in a digital format allowing the customer to make a purchase.
    Type: Grant
    Filed: September 30, 2021
    Date of Patent: March 26, 2024
    Assignee: BREAD FINANCIAL PAYMENTS, INC.
    Inventors: Chris Anderson, Jess Lawrence, Manoj Ram Tammina
  • Patent number: 11935117
    Abstract: Risk assessment can be performed in many contexts including in lending. A set of metrics can be received and derived from data associated with a party, such as a third-party retailer or dealer, with respect to performance of an activity. A subset of metrics can be identified that exceed a threshold of acceptable performance. Weights can be applied to at least the subset of metrics that captures significance of corresponding metrics. A single weighted score can be computed from aggregation of the weighted subset of metrics, and a third party can be classified based on comparison of the weighted score to a predetermined threshold.
    Type: Grant
    Filed: April 22, 2022
    Date of Patent: March 19, 2024
    Assignee: Wells Fargo Bank, N.A.
    Inventors: Hemalatha AC, Dipan Banerjee, Naveen Yeri, Srimoyee Duttagupta, Pranshu Sharma, Alan On Yau, Michelle Sunna Nowe, Manesh Saini, Hasan Yilmaz
  • Patent number: 11935133
    Abstract: A system for reconciling invoices includes: an input port receiving benefits information related to insurance benefits recipients and invoices from one or more benefits vendors; a rules engine enforcing rules on the benefits information, the rules engine being configured to monitor the benefits information for determining exceptions based on the rules; a processing unit including a reconciliation module, the reconciliation module analyzing and comparing each invoice against the benefits information to detect any inaccuracies in each invoice, the inaccuracies being designated as exceptions. For each invoice where there is at least one exception, the processing unit is configured to determine whether to include, exclude, or modify the invoice based on a feedback signal from a client device. In response to the feedback signal indicating exclude, the processing unit calculates an adjusted invoice amount by excluding at least one fee associated with the at least one exception.
    Type: Grant
    Filed: July 5, 2022
    Date of Patent: March 19, 2024
    Assignee: SALUS FINANCE, LLC
    Inventor: Robert Alan Bull
  • Patent number: 11928741
    Abstract: A system may include a router that may receive a plurality of data packets from one or more devices that communicatively couples to the router. The system may also include at least one processor that identifies an identity of a device based on a data packet received by the router from the device, generate an insurance policy that includes the device in response to identifying the identity of the device, and sends a notification indicative of the insurance policy to a computing device in response to generating the insurance policy.
    Type: Grant
    Filed: December 29, 2021
    Date of Patent: March 12, 2024
    Assignee: United Services Automobile Association (USAA)
    Inventors: Emily Margaret Gray, Daniel Christopher Bitsis, Jr., Qunying Kou, Robert Wiseman Simpson, Manfred Amann, Donnette Moncrief Brown, Eric David Schroeder, Meredith Beveridge, Michael J. Maciolek, Bobby Lawrence Mohs, Brian F. Shipley, Justin Dax Haslam, Ashley Raine Philbrick
  • Patent number: 11928657
    Abstract: Methods and systems are provided for facilitating shopping for products that have been liked to a social media network. A product can be seen on a merchant's website, for example. The product can be liked by user to the social media website. When the same or a different user subsequently sees the liked product on the social media website, the same or different user can purchase the product from the social media website. Thus, the user is not required to visit the merchant's website to perform the purchase transaction. Upon completion of the purchase, the user can be allowed to leave feedback to rate the item according to a predefined scale, which can be visible to all those who view the item, as exhibited by a vendor on the social media platform.
    Type: Grant
    Filed: May 27, 2022
    Date of Patent: March 12, 2024
    Assignee: PAYPAL, INC.
    Inventor: Elango Israel Gabriel Jesudian
  • Patent number: 11928673
    Abstract: Systems and methods for authorizing a blockchain transaction. A verification network receives a transaction request for the blockchain transaction from a payer device including a first signature generated by a first private key associated with a payer. The verification network broadcasts a verification request to verification system(s) which assess pre-agreed threshold parameters. If the parameter(s) are satisfied, at least one verification system perfects the transaction by generating a second signature using a second private key, and broadcasts the transaction to the blockchain network. If the parameter(s) are not satisfied, verification offer(s) from among the verification system(s) including the second signature(s) are used to prompt the payer device to confirm the blockchain transaction by selecting at least one of the offer(s).
    Type: Grant
    Filed: February 15, 2023
    Date of Patent: March 12, 2024
    Assignee: Intercontinental Exchange Holdings, Inc.
    Inventor: Jerry Perullo
  • Patent number: 11916901
    Abstract: Systems, methods, and non-transitory computer readable media relate to smartcard biometric enrollment. In an embodiment that does not require a user to visit a central location to provide fingerprint images, an activation code corresponding to a unique ID that uniquely identifies a user of a service is generated and sent to the user. In response, at least one finger image is received from a user device. The image is processed to isolate a fingerprint image, which is used to generate a biometric template that is sent to a smartcard manufacturer and used to configure a smartcard for biometric authentication of the user. In another embodiment, a kiosk/ATM provides smartcard biometric enrollment by detecting a smartcard in the smartcard reader, verifying an ID of a user associated with the smartcard, capturing a biometric image from the user, processing the biometric image to generate a biometric template, and storing the biometric template on the smartcard.
    Type: Grant
    Filed: January 19, 2022
    Date of Patent: February 27, 2024
    Assignee: MASTERCARD INTERNATIONAL INCORPORATED
    Inventors: Sumeet Bhatt, Ashfaq Kamal, Robert D. Reany
  • Patent number: 11908018
    Abstract: A system for presenting operational data is disclosed. The system includes a storage element to store a plurality of insurance policies and a product designer module to: maintain an insurance product model that specifies possible configurations of insurance policy products associated with the plurality of insurance policies; obtain operational data pertaining to a set of existing insurance transactional data associated with the insurance policies; and present to be displayed: at least a portion of the insurance product model comprising a set of insurance product model elements and at least some of the operational data corresponding to the set of insurance product model elements.
    Type: Grant
    Filed: July 27, 2021
    Date of Patent: February 20, 2024
    Assignee: Guidewire Software, Inc.
    Inventors: Benjamin David Brantley, Diana Elizabeth Jaffe
  • Patent number: 11908020
    Abstract: Method and system for validating a plurality of policies. For example, a computer-implemented method includes receiving a plurality of policies, each policy of the plurality of policies associated with a policy lifecycle including one or more validation actions, each validation action of the one or more validation actions being associated with an action time; mapping the one or more validation actions associated with each policy of the plurality of policies on a common timeline of a shared clock; and determining the plurality of validation times based at least in part upon the action time associated with each validation action of the one or more validation actions by at least one of: minimizing the amount of validation times of the plurality of validation times; and maximizing the amount of validation actions contained within each validation time of the plurality of validation times on average across the plurality of validation threads.
    Type: Grant
    Filed: March 21, 2022
    Date of Patent: February 20, 2024
    Assignee: BLUEOWL, LLC
    Inventors: David Sharnoff, Shilpi Bansal, Aaron Lehmann, Vijay Dewangan
  • Patent number: 11908007
    Abstract: This invention relates to systems and methods for processing and visualizing data related to trading strategies for exchange-traded equities based upon real-time options data.
    Type: Grant
    Filed: August 17, 2020
    Date of Patent: February 20, 2024
    Assignee: OptionsAI, LLC
    Inventors: John L. Foley, Alexander Griffiths, Calvin C. Lagator, Demetrios Lyristis
  • Patent number: 11887201
    Abstract: Techniques described herein are directed to analyzing intellectual-property data according to provide various intellectual property related services to organizations. In particular implementations, information related to products and/or services may be obtained from a number of data sources. Additionally, information related to intellectual-property assets, such as patents, trademarks, copyrights, trade secrets, and know-how, may be obtained. In various situations, the intellectual-property assets may be mapped to respective products and/or services. The mappings between the products and/or services and intellectual-property assets may be used to provide intellectual property related services that correspond to the intellectual-property assets, such as valuation services, strategy-related services, or risk-related services.
    Type: Grant
    Filed: December 20, 2021
    Date of Patent: January 30, 2024
    Assignee: AON RISK SERVICES, INC. OF MARYLAND
    Inventors: Lewis C. Lee, Daniel Crouse, David Craig Andrews, Samuel Cameron Fleming
  • Patent number: 11887078
    Abstract: Methods and systems for multivariable reconciliation of trust accounts are disclosed. The methods and systems can include acquiring transaction data for transactions in one or more trust accounts including a plurality of extrinsic variables. A plurality of variable ledgers can be produced from the transaction data and the extrinsic variables, including an account transaction ledger, a customer transaction ledger, and a job transaction ledger. The plurality of variable ledgers can then be reconciled internally and amongst the other variable ledgers. The reconciled overlapping data between the account transaction ledger, the customer transaction ledger, and the job transaction ledger, can then be incorporated to produce a multivariable ledger, which can be presented to or analyzed by an operator through an input device.
    Type: Grant
    Filed: June 21, 2022
    Date of Patent: January 30, 2024
    Inventor: Edward Kellman
  • Patent number: 11880885
    Abstract: A computer-implemented method, computer program product and computing system for determining an initial value for a vehicle prior to the occurrence of a value-reducing event; determining a subsequent value for the vehicle after the occurrence of a value-reducing event; calculating a value reduction for the vehicle based, at least in part, upon the initial value and the subsequent value; and compensating the owner of the vehicle for the value reduction.
    Type: Grant
    Filed: October 26, 2020
    Date of Patent: January 23, 2024
    Inventor: Peter T. Frodigh
  • Patent number: 11875403
    Abstract: Apparatus and method for stimulating trading in a limited-liquidity financial instrument may include receiving a trade of liquidity for the financial instrument. The trade may include a first order from a first entity corresponding to a price and volume associated with a pre-determined bid-offer spread. The first order may be executable only in conjunction with a counterorder including a commitment to make a two-way market in the pre-determined bid-offer spread. The counterorder may be received from a second entity with a bid price and an offer price. An instruction may be received from the first entity to select one of the bid and the offer and execute a trade therewith for a size not less than a pre-determined size. If a selection from the first entity is not received with a pre-determined time period of time, a trade may be executed based on a pre-determined election by the second entity.
    Type: Grant
    Filed: November 8, 2021
    Date of Patent: January 16, 2024
    Assignee: GFI Group, Inc.
    Inventors: Francesco Cicero, Simon Prest