Patents Examined by Hani M. Kazimi
  • Patent number: 11574366
    Abstract: A method of identifying a vehicle total loss claim includes retrieving a plurality of historical vehicle records, labeling the records as repaired or total loss, calculating mean cost values, training a regression model, optimizing a probability threshold, analyzing a plurality of inputs to generate a prediction, and transmitting the prediction. A computing system includes a transceiver; a processor; and a memory storing instructions that, when executed by the processor, cause the computing system to receive answers, transmit the answers, receive a prediction, when the prediction is repairable, generate a repair suggestion, and when the prediction is total loss, generate a settlement offer. A non-transitory computer readable medium containing program instructions that when executed, cause a computer to receive answers, transmit the answers, receive a prediction, when the prediction is repairable, generate a repair suggestion, and when prediction is total loss, generate a settlement offer.
    Type: Grant
    Filed: October 4, 2019
    Date of Patent: February 7, 2023
    Assignee: State Farm Mutual Automobile Insurance Company
    Inventors: Carlee A. Clymer, Gary Foreman, Ronald R. Duehr, Denson Smith, Vincent M. Hummel, Bradley J. Walder, Chad Mychal Hirst, Justin Devore, Shane Tomlinson, David A. Pluimer, Pavan Bhagavatula, John Westhues, Tracey Leigh Knorr, Erin E. Miller, Joshua T. Monk, Aaron Ames, John G. McConkey, Michael Cicilio Fresquez, Himanshu Chhita, Jason Beckman, Douglas A. Graff, Michele Wittman, Alexis Danielle Cates, Stephen Young, Rajesh Panicker, Yohan Santos, Stephen Wilson, Carrie A. Read, Michael Brown, Robin A. Rose
  • Patent number: 11574360
    Abstract: A computer-implemented method for performing financial fraud assessment, the method includes receiving financial information associated with customer accounts that have been identified as being associated with suspicious financial activity; establishing communities for the customer accounts; creating a baseline set of features for each of the communities; receiving new financial information associated with customer accounts; updating the communities for the customer accounts based on the new financial information; extracting an updated set of features for each of the communities; and performing fraud assessment by determining whether a change between the updated set of features and the baseline set of features for each of the communities is indicative of an increased risk of fraud.
    Type: Grant
    Filed: February 5, 2019
    Date of Patent: February 7, 2023
    Assignee: INTERNATIONAL BUSINESS MACHINES CORPORATION
    Inventors: Thomas T. Hanis, Subhendu Das, Shanna Hayes
  • Patent number: 11574306
    Abstract: A computer-implemented method performed by an issuer computer comprises receiving an authorization request for a transaction between a cardholder and a merchant using a first account identifier. A repository is searched for a preference set with the issuer by a cardholder to use a second account identifier when at least one transaction is received for the first account identifier. The transaction is authorized using the second account identifier in place of the first account identifier without knowledge by the merchant that the second account identifier was used. An authorization response is then returned to the merchant.
    Type: Grant
    Filed: December 12, 2019
    Date of Patent: February 7, 2023
    Assignee: VISA INTERNATIONAL SERVICE ASSOCIATION
    Inventors: Rohit Sukhija, Ashutosh Singh, Amit Kumar Mishra
  • Patent number: 11568362
    Abstract: A system and associated method provides a visualization of a life cycle of a trade order. The visualization may be in the form of a tree structure with a plurality of linked nodes. Each node may be associated with an event that occurs during the life cycle of the trade. A monitoring system receives information associated with a plurality of events associated with the trade order, generates a plurality of nodes based on the received information, stores identifiers associated with each of the plurality of nodes, and links the plurality of nodes based on the identifiers to create the tree structure. The monitoring system also performs a verification process to determine whether the visualization is missing information or includes incorrect information and alerts to a discrepancy identified during the verification process.
    Type: Grant
    Filed: June 29, 2021
    Date of Patent: January 31, 2023
    Assignee: International Business Machines Corporation
    Inventors: Srinivasan S. Muthuswamy, Subhendu Das, Yashodhara M. Patnaik, Ratul Sarkar, Ankit Kumar Singh
  • Patent number: 11562432
    Abstract: Systems, methods, and computer program products are provided for increasing the return from a pool of loans for a company involved in the guarantee and securitization of such loans. In one exemplary embodiment, a computer-implemented method comprises creating a plurality of sub-pools in which to place loans from the pool of loans; determining, using one or more processors, an external value assessment for one or more loans from the pool and an internal value assessment for the one or more loans; identifying a difference between the external and internal value assessments; and selecting a sub-pool from the plurality of sub-pools to place the one or more loans based upon the identified difference.
    Type: Grant
    Filed: February 10, 2014
    Date of Patent: January 24, 2023
    Assignee: FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC)
    Inventors: Menner A. Tatang, Martin M. Loketek
  • Patent number: 11551294
    Abstract: Systems and methods are provided for calculating a savings amount for loan refinancing. According to one implementation, a method includes displaying a graphic user interface comprising a widget at a client device and receiving input data from a user regarding a loan. In some embodiments, the input data may include the user's credit level and the current monthly payment, APR, and payoff amount associated with the user's current loan. The method further includes determining a saving amount based on a comparison of the input data with historical savings data accessible to the widget, and displaying the savings amount in the graphic user interface.
    Type: Grant
    Filed: February 11, 2022
    Date of Patent: January 10, 2023
    Assignee: Capital One Services, LLC
    Inventors: Adam Shackleton, Patrick Eberle
  • Patent number: 11551293
    Abstract: A computer-implemented method for initiating online collections that includes determining a current status of an account held by an account holder, determining a real-time financial profile of the account holder using information on the banking institution computer systems and third party information providers and displaying a customized status message based on the account holder's financial profile. The method provides remediation options to the account holder.
    Type: Grant
    Filed: September 6, 2018
    Date of Patent: January 10, 2023
    Assignee: Wells Fargo Bank, N.A.
    Inventors: Benjamin Soccorsy, Larry Tewell, Susanne Carr
  • Patent number: 11551316
    Abstract: A system and method for developing a secondary market for transferring and acquiring mortgages is disclosed. The system offers an alternative to the expensive and wasteful proposition of foreclosures. Using the disclosed system, mortgagees holding a security interest in distressed properties can harness the power of computer technology and intelligent processing of data to rapidly perform actuarial analysis and generate documents that enable interested buyers to acquire mortgages through a mortgage transfer process. The system disclosed creates a secondary market of transferrable mortgages and is designed to be beneficial for new buyers where the equity in the existing mortgage is used for down-payment; or excess equity is used to make a one time payment to the original property owner. The system disclosed offers benefits to all key players—investors, banks, purchasers and realtors, and prevents waste and enables distressed properties to command their market value.
    Type: Grant
    Filed: September 17, 2015
    Date of Patent: January 10, 2023
    Inventor: Bradley Donald Levell
  • Patent number: 11551296
    Abstract: Systems and methods for identifying a pattern in data to detect a behavior of interest. The systems and methods receive a data stream representing a series of events occurring over a time interval. The systems and methods determine, for the interval, a depth indicating the amount of interest during the interval, where the interest represents an amount of a selected activity during that interval for a selected parameter. The systems and methods also generate a depth chart for the activities at different values of the selected parameter over a series of intervals, train a machine-learning image-classification model using depth chart images; identify the behavior of interest using predictions from the trained machine-learning model and target pattern; and provide an indication of the presence or absence of the behavior of interest. The parameter can represent a quantity and associated price of a commodity in a market.
    Type: Grant
    Filed: May 5, 2020
    Date of Patent: January 10, 2023
    Assignee: Financial Industry Regulatory Authority, Inc.
    Inventors: Shreyas Srikar, Chi-Keung Chow, Raghu Raman, Madhukesh Siddalingaiah, Susan Tibbs
  • Patent number: 11544703
    Abstract: Disclosed are methods and systems for associating payment card credentials with a companion application. In an embodiment, a consumer's mobile device processor receives an instruction to launch a companion application, displays a companion application user interface, and receives selection of an option to obtain payment card credentials from at least one wallet application. The process also includes displaying a list of payment card accounts associated with the selected wallet application for association with the companion application, receiving a selection of at least one payment card account, transmitting payment account credentials of the selected payment account to a wallet server computer, receiving a companion token representing a digitization of the selected payment card account from the wallet server computer, and associating the companion token with the companion application.
    Type: Grant
    Filed: March 22, 2018
    Date of Patent: January 3, 2023
    Assignee: MASTERCARD INTERNATIONAL INCORPORATED
    Inventors: Jeehoon Joshua Cho, Sowmya Reddy Lakka, Gerardo Cardone, Matthew James Miller, Maurice David Liscia
  • Patent number: 11538009
    Abstract: In an example embodiment, a beverage vending device is provided that includes a network interface and one or more processors. The beverage vending device also includes a computer-readable tangible medium with instructions stored thereon that direct the one or more processors to establish contact with an available network and locate a second beverage vending device on the network. The computer-readable tangible medium also has instructions stored thereon that direct the one or more processors to establish contact with the second beverage vending device on the network, and communicate with the second beverage vending device via the network.
    Type: Grant
    Filed: March 29, 2018
    Date of Patent: December 27, 2022
    Assignee: The Coca-Cola Company
    Inventors: Dick P. Welch, Ed Teller, Michael Edward Hopkins, Cindy Pang, Mark Adams, Kyusang Kim
  • Patent number: 11526884
    Abstract: A system and method for mobile device verification for an electronic application before providing a digital pass to an approved customer is disclosed. The method and system receives, at a store's customer credit application computer, an application for a new account, the application including a contact information for a customer's mobile device providing, from the store's customer credit application computer, the contact information for the customer's mobile device to a verification system to authenticate the customer's mobile device providing, from a credit account provider, a text to the customer's mobile device, the text causing the customer's mobile device to be subjected to a second authentication; receiving, at the customer's mobile device, a message that includes a link to the digital pass; and utilizing the link to receive the digital pass at a mobile wallet of the customer's mobile device.
    Type: Grant
    Filed: January 3, 2020
    Date of Patent: December 13, 2022
    Assignee: BREAD FINANCIAL PAYMENTS, INC
    Inventors: Uchenna Chilaka, Timothy Jones, Timothy D. Pontious, Celeste Rechner
  • Patent number: 11514453
    Abstract: The invention relates generally to the provisioning of payment instruments onto electronic devices such as a mobile telephone, tablet, laptop or wearable, and in particular to securely provisioning payment instrument for which authorisation for the provisioning must be provided by a payment instrument issuer. A first embodiment is provided in which data that is generated during a transaction is received by an electronic device and transmitted from the electronic device to a server associated with an acquirer. The data received from the electronic device is compared to the data generated during the transaction and, if these match, provisioning is authorised. A second embodiment is provided in which a server associated with an acquirer generates an identification message that is separate from but based on a response message associated with a transaction, and provisioning is authorised or declined based on the identification message.
    Type: Grant
    Filed: April 22, 2021
    Date of Patent: November 29, 2022
    Assignee: WORLDPAY LIMITED
    Inventors: Jonathan Vokes, Nicholas Telford-Reed
  • Patent number: 11514522
    Abstract: Systems and methods are disclosed for settling futures contracts that are based on virtual currencies. A clearing counter-party operates a clearing counter-party computer that may oversee physical delivery of virtual currency between a buyer and seller. The clearing counter-party computer does not take possession of the virtual currency and monitors a publicly viewable ledger to confirm that transactions have taken place.
    Type: Grant
    Filed: November 11, 2019
    Date of Patent: November 29, 2022
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Ryan Pierce, Sandra Ro, Mansoor Ahmed
  • Patent number: 11507952
    Abstract: A mobile device renders a page that receives input points on a signature provided in conjunction with a mobile payment transaction. The page applies a smoothing algorithm to smooth the input points and create a signature file that more truly represents the actual input signature. The signature file and/or the input points are provided to a payment facilitator for use in completing the mobile payment transaction, performing fraud detection, and potentially for other purposes. Mechanisms are also disclosed for authenticating a buyer device in conjunction with a mobile payment transaction.
    Type: Grant
    Filed: October 19, 2016
    Date of Patent: November 22, 2022
    Assignee: Amazon Technologies, Inc.
    Inventors: Marilyn L. McDonald, Jesper M. Johansson, Chad M. Larsen, Micheal Leavitt
  • Patent number: 11507935
    Abstract: A mobile wallet computing system associated with a mobile wallet database includes a mobile wallet circuit structured to present a mobile wallet interface a mobile wallet user. The mobile wallet interface includes a first portion that includes a graphical depiction of a user payment vehicle associated with a financial institution, the first portion including a first interaction point that enables the user to initiate a sequence to engage in a mobile wallet transaction using the mobile wallet. The interface also includes a second portion that includes a second interaction point and a third interaction point, the second interaction point enabling the user to access a functionality enabling the user to indicate a transaction preference for a transaction with an entity other than the mobile wallet provider or financial institution, the third interaction point enabling the user to indicate a preference to initiate communications with the financial institution.
    Type: Grant
    Filed: May 24, 2017
    Date of Patent: November 22, 2022
    Assignee: WELLS FARGO BANK, N.A.
    Inventors: Stephen M. Ellis, Ashish B. Kurani, Steven E. Puffer
  • Patent number: 11501273
    Abstract: A method for processing a transaction includes receiving, at a terminal and from a user, a selection of a service provider; receiving authentication credential requirements associated with the selected service provider that facilitate authentication of the user by the service provider; and communicating, to the service provider account server, authentication credentials associated with the user that satisfy the authentication credential requirements. When the user is authenticated, the method includes receiving, from the service provider account server, information indicative of an amount owed on an account with the service provider that is associated with the user. The method further includes receiving, via currency processing hardware of the terminal, currency; and communicating transaction information to the service provider account server that indicates an amount of currency received by the terminal to thereby reduce the amount owed on the account by the user.
    Type: Grant
    Filed: August 26, 2020
    Date of Patent: November 15, 2022
    Assignee: QUOTEPRO KIOSK, LLC
    Inventors: Marco Andres Freudman, Kyle Evan Blair
  • Patent number: 11501267
    Abstract: A system and method for implementing a fast payment is described. A request to execute a payout to a payee account is received, where the request includes information about the payout. At least one payment rail available for the requested payout is determined from a plurality of payment rails based on the included information. Rules associated with each of the at least one payment rail are identified. A fastest payment rail is determined from the at least one payment rail for executing the payout based on the identified rules and the information about the payout. The payout is then executed over the determined fastest payment rail.
    Type: Grant
    Filed: August 6, 2019
    Date of Patent: November 15, 2022
    Assignee: PayPal, Inc.
    Inventors: William Earl Crowley, Michael Ting, David Koch
  • Patent number: 11488246
    Abstract: Systems are provided for compressing portfolios of open option positions. Market participants may provide constraints, such as net delta and gamma values within a specific tolerance. A compression engine uses a linear, integer and/or linear-quadratic programming solver to analyze portfolios of multiple market participants and identify multilateral option spread trades that result in portfolios that are compressed subject to the constraints.
    Type: Grant
    Filed: June 24, 2021
    Date of Patent: November 1, 2022
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Richard Co, Dhiraj Subhash Bawadhankar, Florian Huchedé, John Balaam Alexander Kerpel, Andrey Lopatin, Romil Pradip Parekh, Robert William Taylor
  • Patent number: 11488169
    Abstract: A method includes a marketplace server establishing one or more security parameters for an exchange item and securely providing the one or more security parameters to a user computing device of the data communication system. When the user computing device desires to use the exchange item, the method further includes generating, by the user computing device, first dynamically secure exchange item data. The method further includes the marketplace server receiving the first dynamically secure exchange item data from the user computing device, generating second dynamically secure exchange item data, and comparing the first dynamically secure exchange item data with the second dynamically secure exchange item data. When the first dynamically secure exchange item data substantially matches the second dynamically secure exchange item data, the method further includes authorizing, by the marketplace server, the use of the exchange item by the user computing device.
    Type: Grant
    Filed: September 22, 2017
    Date of Patent: November 1, 2022
    Assignee: Raise Marketplace, LLC
    Inventors: David S. McGregor, Frank Zhengfan Yang