Patents Examined by Hatem Ali
  • Patent number: 8768826
    Abstract: A system for the online settling of a transaction in which network communications are established between a user, such as a debtor, and a server is presented. The system comprises a server configured to receive communications from a user. The server is further configured to seek available information pertinent to the transaction from at least one source external to the server and user. The server comprises a rules based engine including rules established on behalf of a party to the transaction, the rules based engine configured to process data from the available information and present a transaction settlement offer set to the user based on at least one decision made by the rules based engine. While online, the user/debtor may accept one of the offers or engage in further approved negotiation of other offers.
    Type: Grant
    Filed: October 19, 2005
    Date of Patent: July 1, 2014
    Assignee: Apollo Enterprise Solutions, Inc.
    Inventors: G. Christopher Imrey, William J. House, III
  • Patent number: 8719154
    Abstract: One embodiment provides a method of delivering a remittance from a first party to a third party via an intermediary party, in which an intermediary fee is chargeable by the intermediary party. The method includes: receiving, at a payment system, a request to conduct a remittance transaction including a transfer of a first value from a first party to an account of an intermediary party, and by the intermediary party to transfer at least a portion of the first value to a third party; accessing reputation data associated with the intermediary party; and determining an intermediary fee chargeable by the intermediary party for the transfer of at least the portion of the first value to the third party, the determining of the intermediary fee being based on the reputation data. The reputation data can be information about the intermediary party, as well as the first party and/or the third party.
    Type: Grant
    Filed: December 19, 2006
    Date of Patent: May 6, 2014
    Assignee: eBay Inc.
    Inventors: Vishwanath Shastry, Kristen Ondeck, David Jesse
  • Patent number: 8504468
    Abstract: A system and method for gathering information pertinent to a transaction for purposes of compiling an offer set of at least one offer for settling the transaction is presented. The design comprises a server configured to seek information, the server configured to seek at least one from a group comprising information related to personal data regarding a user, information related to account data regarding a user account, information related to macroeconomic data, and information related to the transaction. The server seeks all information from a source separate from the server and the user.
    Type: Grant
    Filed: October 19, 2005
    Date of Patent: August 6, 2013
    Assignee: Apollo Enterprise Solutions, Inc.
    Inventors: G. Christopher Imrey, William J. House, III
  • Patent number: 8150714
    Abstract: A system and method for providing healthcare-related services according to which the healthcare-related services include, but are not limited to, health insurance benefit activation services and/or healthcare-related education services.
    Type: Grant
    Filed: November 16, 2007
    Date of Patent: April 3, 2012
    Inventor: Daniel J. Prescott
  • Patent number: 8131636
    Abstract: Embodiments of the present invention include a computer-implemented method of performing a financial transaction on a network comprising storing a plurality of risk factors and associated severities in a web-enabled remote policy database, the severities defining actions taken when a specific risk factor is detected, storing a plurality of hold override policies that associate a deposit type with a hold type in the policy database, receiving deposit data including an image of a deposit check, applying the plurality of risk factors to the deposit data, and applying the plurality of hold override policies to the deposit data.
    Type: Grant
    Filed: May 5, 2005
    Date of Patent: March 6, 2012
    Assignee: Ensenta Corporation
    Inventors: Edward John Viera, Emerson Ward Swan, II, Richard Klein, Dmitri Boudtchenko, James Howard Ballagh
  • Patent number: 8121944
    Abstract: An exemplary method and system may include receiving one or more payment items from a plurality of payment entities, at a centralized agent, wherein the one or more payment items comprise one or more electronic images and paper instruments; aggregating the payment items into one or more categories; identifying a payee financial institution and a payor financial institution for each payment items, wherein the payee financial institution and the payor financial institution are different; determining whether the payee financial institution and the payor financial institution are within the network of financial institutions; for the payee and payor within the network, determining at the centralized agent a settlement path within the network of financial institutions for each payment item; and for the payee and payor that are not within the network, forwarding the payment items to a third party settlement entity by the centralized agent for settlement processing.
    Type: Grant
    Filed: May 26, 2005
    Date of Patent: February 21, 2012
    Assignee: JPMorgan Chase Bank, N.A.
    Inventors: Richard Norman, Tommy J. Vicknair, Carl Shishmanian, John Spence Stephens, Jr., W. Earl Jennings, David L. James
  • Patent number: 8121925
    Abstract: Funds are received into an investment company from investors. The investment company approves a counterparty that wants to acquire asset exposure by means of a total return swap and the credit terms for the counterparty, including a derivatives position limit. The investment company the proposed total return swap including an identification of reference assets to which the counterparty wants to acquire exposure. The investment company approves the proposed swap based on availability of the reference assets and on transaction terms of the proposed total return swap. The investment company then purchases the reference assets with the funds and executes the swap with the counterparty. The purchasing of the reference assets and executing of the swap are performed in a manner that precludes the investment company from holding an unhedged position with respect to the reference assets.
    Type: Grant
    Filed: February 11, 2005
    Date of Patent: February 21, 2012
    Inventor: E. Russell Ives, Jr.
  • Patent number: 8099361
    Abstract: A network-based transaction processing system allows online users to flexibly and efficiently make payments using a combination of different payment instruments. The system includes a user interface through which each user can define one or more personal payment plans. Each such payment plan specifies a plurality of payment instruments, and includes rules that specify how the monetary amount associated with a transaction is to be divided among these payment instruments. These rules may be non-transaction-specific, such that a user can re-use a payment plan over time to complete multiple transactions. In one embodiment, a user can specify an order in which the payment instruments are to be applied, and can specify per-transaction maximum monetary amounts to be charged to specific instruments.
    Type: Grant
    Filed: August 4, 2003
    Date of Patent: January 17, 2012
    Assignee:, Inc.
    Inventors: Vikas Gupta, Jeyandran Venugopal, Xiaosi Li
  • Patent number: 8095418
    Abstract: The present invention relates to certain methods and systems for promoting the sale of goods and services. According to certain embodiments of the present invention, such methods generally comprise the steps of (1) selling a first good or service to a customer for a discounted price that is less than a standard price, (2) establishing a sales goal (which represents an amount of desired sales of a second good or service to customers during a promotional period), and (3) issuing a credit to, or receiving a payment from, each participating customer based on a level of success achieved towards the sales goal. The invention provides that the extent to which the sales goal is achieved depends on the aggregate sales of the second good or service to the public at large, and is not dependent upon the sales or activity of any single customer.
    Type: Grant
    Filed: June 10, 2008
    Date of Patent: January 10, 2012
    Inventor: David LeVine
  • Patent number: 8086533
    Abstract: A system, method, and computer program product are provided for generating a variable payment authorization score. In use, a payment authorization request is received. In response, a variable payment authorization score is generated. Further, the variable payment authorization score is provided for use.
    Type: Grant
    Filed: June 12, 2007
    Date of Patent: December 27, 2011
    Assignee: Amdocs Development Limited-Guernsey Branch
    Inventors: Chad Maglaque, Joe Lauer
  • Patent number: 8073775
    Abstract: In general, the invention relates to a method for transferring funds. The method includes receiving a request to initiate a secure fund transfer, where the request specifies a sender, a recipient, and an amount of funds to transfer from the sender to the recipient. The method further includes sending a request to verify that an account associated with the sender comprises at least the amount of funds to be transferred, receiving notification that the account comprises at least the amount of funds to be transferred, requesting a reservation of funds in the account corresponding to the amount of funds to be transferred, receiving notification of the reservation, notifying the recipient that the amount of funds to be transferred is reserved, initiating a transfer of funds, to the recipient, in the amount of the reserved funds, and receiving acknowledgment that the transfer of the funds is complete.
    Type: Grant
    Filed: April 27, 2007
    Date of Patent: December 6, 2011
    Assignee: Intuit Inc.
    Inventors: James R. Del Favero, Paul J. Rosenfeld, Robert Gaynor
  • Patent number: 8036970
    Abstract: A system and a method of managing and reconciling changes in the cost basis for assets is provided. More specifically, the system and the method allow asset management advisors to provide clients with investment portfolio information that is complete and accurate. Specifically, the present system and the method allow cost basis data and tax lot data to be extracted from brokerage systems and other financial instrument administration systems to enable automated reporting of changes to cost basis changes for an individual's portfolio of assets.
    Type: Grant
    Filed: January 13, 2004
    Date of Patent: October 11, 2011
    Assignee: Ameriprise Financial, Inc.
    Inventors: Derek M. Gledhill, Andrew J. Start
  • Patent number: 8036972
    Abstract: Systems and methods are provided for valuing event driven option contracts. A jump diffusion based model, such as a Merton jump diffusion based model, is modified to assume arithmetic movement of an underlying price and a single jump. The arithmetic movement of the underlying price may be modeled with a Bachelier based arithmetic model. Calculated values may be used to determine margin account requirements.
    Type: Grant
    Filed: October 3, 2008
    Date of Patent: October 11, 2011
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Dmitriy Glinberg, Feliks Landa
  • Patent number: 8015110
    Abstract: A system and method of aggregating multiple transactions over a network-based electronic payment transaction processing system is provided. The system includes a transport-aggregating clear-text Internet transaction (TACIT) server designed to allow conventional electronic payment transaction processing systems to work over networks which rely on the Internet Protocol, and to still support the fault-tolerance and load balancing. In one embodiment, the system aggregates multiple transmission control protocol sockets into a single socket to a back-end payment processing system in a single application. The transport-aggregating, cleartext Internet transaction (TACIT) server resides on an intermediate system that is positioned between the Internet endpoints and a payment transaction processing system (TPS).
    Type: Grant
    Filed: March 29, 2005
    Date of Patent: September 6, 2011
    Assignee: Heartland Payment Systems, Inc.
    Inventors: Alan Sims, Brian Rubarts
  • Patent number: 8015097
    Abstract: Disclosed is a securities trading program for trading individual lots of a security which can be run at a security trader's computer station. The program generates a trading screen comprising a listing of multiple bids for the security, each bid having a price, as well as a listing of multiple priced offers for the security. The bid and offer listings are active, enabling the trader to hit any one of the displayed bids or take any one of the displayed offers, for example by selecting and clicking on a displayed bid or offer. In one embodiment, the bids and offers are arranged in side-by-side columns on the trader's screen, helping the trader to rapidly overview the market for a particular security, and compare different, possibly competitive, securities by paging through level-of-interest windows for each security.
    Type: Grant
    Filed: May 17, 2002
    Date of Patent: September 6, 2011
    Assignee: BGC Partners, Inc.
    Inventor: David Lawrence
  • Patent number: 8015085
    Abstract: A system is described allowing the transfer of funds, for example, from an employer to a third-party intermediary which can distribute the funds via a payroll card to an employee. The system allows a portion of the population such as that which does not use traditional bank accounts to receive funds via a payroll card at a variety of locations without the necessity of visiting the bank location of the employer to cash a check. Other embodiments of the invention allow funds to be distributed from a first party to a second party via an intermediary party.
    Type: Grant
    Filed: November 11, 2004
    Date of Patent: September 6, 2011
    Assignees: First Data Corporation, The Western Union Company
    Inventors: Lynn Blagg, Michael F. Rodin
  • Patent number: 8001039
    Abstract: A method of providing an account is provided. The method includes receiving identification information associated with a user during a communication session. The method further includes communicating a request for credit information, wherein the request includes at least a portion of the identification information. The requested credit information is received and an account is approved based at least in part on the received credit information. The account is opened and access is provided to the opened account during the communication session.
    Type: Grant
    Filed: April 23, 2004
    Date of Patent: August 16, 2011
    Assignee: Cantor Index, LLC
    Inventors: Dominic Crosthwaite, Lewis C. Findlay
  • Patent number: 7996290
    Abstract: Systems and methods are provided to model financial transactions. According to some embodiments, simple events, branch events, composite events, and/or contingent events associated with a financial transaction are defined. The events may then be used to automatically manage the transaction during the transaction's lifecycle. In one embodiment, at least one simple event associated with an asset transfer is defined, including a transfer amount and a transfer date. At least one branch event associated with a set of simple events is also defined, including a branch date and a branch selector. In addition, at least one composite event associated with a plurality of the simple events or branch events is defined. The transaction may then be automatically managed during the transaction's lifecycle based at least in part on the simple events, the branch events, and the composite events.
    Type: Grant
    Filed: March 8, 2005
    Date of Patent: August 9, 2011
    Assignee: Goldman Sachs & Co.
    Inventors: Jay S. Dweck, Pantelis G. Tsoucas
  • Patent number: 7970698
    Abstract: The present invention relates to automated decisioning for a credit request associated with an applicant. Information associated with an applicant is received. Data associated with the applicant is received from at least one data source. A user interface is configured to allow a user to provide a definition of decision rules in a near-natural language. Information associated with the decision rules is determined based on the definition of the decision rules. A selection of rule flow information associated with the decision rules is received through the user computer interface. A decision is generated based on the information associated with the applicant, data associated with the applicant from the at least one data source, the information associated with the decision rules, and the selection of information associated with decision rules. The decision is displayed.
    Type: Grant
    Filed: August 27, 2004
    Date of Patent: June 28, 2011
    Assignee: Equifax, Inc.
    Inventors: Sandeep Gupta, Christian Hall, James Reid, Shen Lu, Dennis Horton, Lee Grice, Thresa Dixon, Scott Garten, Sudhakar Reddy
  • Patent number: 7966252
    Abstract: In at least one aspect, the invention comprises constructing one or more hybrid adjustable rate mortgage aggregates based on one or more of: agency, program, coupon, and origination year; for each of one or more of the aggregates, constructing one or more sub-aggregates based on one or more of: rate-index, capitalization structure, and existence of interest-only feature; mapping pools of adjustable rate mortgages to the aggregates and sub-aggregates; constructing an index based on the mapping; and pricing the index.
    Type: Grant
    Filed: September 28, 2006
    Date of Patent: June 21, 2011
    Assignee: Barclays Capital Inc.
    Inventors: Vikas Shilpiekandula, Andrew Hochherr Miller