Patents Examined by Jagdish N Patel
  • Patent number: 9846861
    Abstract: One embodiment of the invention is directed to implementing a broker system to accept confidential information from upstream trading partners, retrieve tokens from the tokenization service, send tokens to the merchant ordering system, and forward confidential information to downstream trading partners. By using a broker system, the merchant ordering system could store and use tokens to identify orders in its system instead of confidential information, which can help protect the confidential information in the event of a security breach. Also, the broker system may provide an amenable solution for the merchant to continue doing business with the upstream and downstream trading partners without causing these entities to substantially change their current processing systems.
    Type: Grant
    Filed: March 5, 2013
    Date of Patent: December 19, 2017
    Assignee: Visa International Service Association
    Inventor: Lance Weber
  • Patent number: 9842367
    Abstract: Systems and methods for migration of financial account settings are disclosed. One system includes a migration server. The migration server includes a database for tracking account settings migration including one or more switch tracking numbers associated with account migrations. The migration server further includes a web interface configured to receive from a user a switch tracking number, identification and login information associated with one or more existing financial accounts, and login information associated with a target financial account. The migration server also includes a transaction analysis module configured to parse transaction histories associated with each of the existing financial accounts to determine one or more likely automated funds transfers associated with each of the one or more existing financial accounts.
    Type: Grant
    Filed: November 15, 2013
    Date of Patent: December 12, 2017
    Assignee: ClickSWITCH, LLC
    Inventors: Cale T. Johnston, Hunter Wolfe, Michael J. Stromberg, Anthony Loosbrock
  • Patent number: 9842322
    Abstract: Systems and methods for migration of financial account settings are disclosed. One system includes a migration server. The migration server includes a third-party interface directory, including notification data associated with notifying one or more third parties of an account migration. The migration server further includes a transaction analysis module configured to parse transaction histories associated with an existing financial account to identify a third party that has initiated at least one transaction with the existing financial account. The migration server also includes a notification module configured to generate a notification for the identified third party based on notification data associated with the identified third party stored in the third-party interface directory and information associated with a target financial account.
    Type: Grant
    Filed: February 10, 2015
    Date of Patent: December 12, 2017
    Assignee: ClickSWITCH, LLC
    Inventors: Cale T. Johnston, Hunter Wolfe, Michael J. Stromberg, Anthony Loosbrock
  • Patent number: 9842321
    Abstract: Systems and methods for migration of financial account settings are disclosed. One system includes a migration server. The migration server includes a third-party interface directory, including notification data associated with notifying one or more third parties of an account migration. The migration server further includes a transaction analysis module configured to parse transaction histories associated with an existing financial account to identify a third party that has initiated at least one transaction with the existing financial account. The migration server also includes a notification module configured to generate a notification for the identified third party based on notification data associated with the identified third party stored in the third-party interface directory and information associated with a target financial account.
    Type: Grant
    Filed: November 14, 2014
    Date of Patent: December 12, 2017
    Assignee: ClickSWITCH, LLC
    Inventors: Cale T. Johnston, Hunter Wolfe, Michael J. Stromberg, Anthony Loosbrock
  • Patent number: 9818099
    Abstract: A system and method of transaction processing is provided. The system includes a central server, which, after receiving transaction and recipient information from an initiator, sends a verification code to the initiator. The server also sends instructions for the initiator to send the code to a recipient via an outside communication channel. The server receives the verification code from the recipient, and verifies the transaction. In this manner, security may be maintained.
    Type: Grant
    Filed: November 13, 2015
    Date of Patent: November 14, 2017
    Assignee: Quisk, Inc.
    Inventors: Jorge M. Fernandes, Ziad Alshobaki
  • Patent number: 9805359
    Abstract: A method is permitted to permit remote log in credential authentication for mobile users seeking access to a computer system through a second party computer system such as an aggregator.
    Type: Grant
    Filed: September 8, 2012
    Date of Patent: October 31, 2017
    Assignee: MX TECHNOLOGIES, INC.
    Inventor: Ryan Caldwell
  • Patent number: 8306832
    Abstract: A computerized method allowing insurance customers to enter details of their individual risk factors like age, as well as various customer designed risk scenarios, and receive information on the payout amounts that various insurance plans will deliver based upon both the individual risk factors and the customer designed risk scenario. In one embodiment, a method for allowing travelers going to a foreign country, where the traveler may be unaware of prevailing costs for various medical contingencies, to enter the traveler's risk factors like age and various adverse medical scenarios, and be informed both as to the costs of medical treatment in that country and the benefits that a variety of travel medical insurance plans will provide under these scenarios. These plans may then be evaluated according to different user selected parameters. The method can be implemented using computerized servers and client devices communicating using standard internet protocols over the internet.
    Type: Grant
    Filed: April 26, 2010
    Date of Patent: November 6, 2012
    Assignee: Maxn Systems, Inc.
    Inventors: Rajeev Shrivastava, Amit Goel
  • Patent number: 8069105
    Abstract: A computerized method and system for managing risk associated with a Hedge Fund is disclosed. Information relating to Hedge Funds is gathered and stored as data in preparation for a risk inquiry search relating to a Hedge Fund. Documents and sources of information can also be stored. A subscriber, such as a Financial Institution, can submit a Hedge Fund descriptor for which a risk inquiry search can be performed. The risk assessment or inquiry search can include data retrieved resultant to augmented retrieval methods. Scrubbed data as well as augmented data can be transmitted from a risk management clearinghouse to a subscriber or to a proprietary risk system utilized by a subscriber, such as a risk management system maintained in-house. Risk inquiry searches can be automated and made a part of standard operating procedure for any transaction conducted by the subscriber in which a Hedge Fund is involved.
    Type: Grant
    Filed: June 17, 2003
    Date of Patent: November 29, 2011
    Assignee: Goldman Sachs & Co.
    Inventor: David Lawrence
  • Patent number: 8055565
    Abstract: A preferred embodiment of the present invention includes a method of creating and managing an index fund based on an index of funds of hedge funds, including steps of (a) identifying potential funds for an index of funds of hedge funds; (b) identifying which of the potential funds meet specific criteria selected so as to minimize biases including selection bias and survivorship bias; (c) creating an index by indexing funds identified as meeting the criteria; (d) acquiring a portfolio of funds in the index; and (e) allocating capital to funds in the portfolio. The invention also includes software to perform the steps of the method described above. In particular, the invention includes software wherein data regarding potential funds is stored in a database according to object role modeling. A preferred database structure is described.
    Type: Grant
    Filed: June 5, 2006
    Date of Patent: November 8, 2011
    Assignee: Tege Software Co., LLC
    Inventor: Jeffrey G. Tarrant
  • Patent number: 8046292
    Abstract: A method in a computer system for a user to speculate on a financial market, comprises presenting a prompt to the user requesting parameter(s) defining a custom contract on future characteristic(s) of the financial market, presenting to the user a calculated value, such as a price, payout, or odds, for the custom contract determined based on the parameter(s) and data regarding the financial market, and presenting a prompt to the user requesting the user to purchase the custom contract based on the calculated value. The method thereby allows the user to define the custom contract, a bookmaker to offer the custom contract to the user based on the calculated value, and the user to purchase the custom contract from the bookmaker so that the bookmaker has an obligation to pay a payout amount upon the occurrence of the future characteristic(s) of the financial market satisfying the one or more parameters.
    Type: Grant
    Filed: April 12, 2007
    Date of Patent: October 25, 2011
    Assignee: Regent Markets Group Ltd.
    Inventor: Jean-Yves Sireau
  • Patent number: 8046293
    Abstract: A computer trading system for determining a calculated value for a user defined contract on a future characteristic(s) of a financial market comprises a receiving component for receiving a parameter(s) from a user defining the user defined contract and receiving financial market data concerning the financial market. The system includes a calculating component operable to determine a calculated value, such as a price, payout, or odds, for the user defined contract based on the parameter(s) and the financial market data and a transmission component for transmitting the calculated value to the user. The receiving component may also receive an order for the user defined contract from the user based on the calculated value to thereby create an obligation for a bookmaker to pay a payout amount upon the occurrence of the future characteristic(s) of the financial market satisfying the parameter(s).
    Type: Grant
    Filed: April 12, 2007
    Date of Patent: October 25, 2011
    Assignee: Regent Markets Group Ltd.
    Inventor: Jean-Yves Sireau
  • Patent number: 8027908
    Abstract: Systems and methods for chart-based order entry are described. According to one example method a chart is used to display historical market data corresponding to a tradeable object. An order entry interface is displayed in relation to the chart. The order entry interface includes a plurality of price objects for selecting price levels to be used for trade orders to buy or sell the tradeable object. According to one example method, the price levels corresponding to the price objects depend on a location of the interface in relation to the chart, and as the interface is moved in relation to the chart, the price levels are automatically updated. Upon selection of the price level on the interface, a trade order to buy or sell is submitted to a matching engine at an electronic exchange.
    Type: Grant
    Filed: August 24, 2009
    Date of Patent: September 27, 2011
    Assignee: Trading Technologies International, Inc.
    Inventor: Eric W. Borts
  • Patent number: 8027904
    Abstract: A method of creating and trading corporate debt security derivative investment instruments on an exchange, as well as a trading facility for trading such derivatives, is disclosed. Corporate debt security derivative investment instruments are created by identifying a credit rating service that includes a plurality of risk categories. Unique monetary values are mapped to risk categories and an entity rated by the credit rating service is identified. A corporate debt security derivative investment instrument is then created whose value is determined at least in part by the monetary value to which the risk category associated with the rated entity is mapped.
    Type: Grant
    Filed: April 21, 2006
    Date of Patent: September 27, 2011
    Assignee: Chicago Board Options Exchange, Incorporated
    Inventor: Dennis M. O'Callahan
  • Patent number: 8024261
    Abstract: A method and system for electronically facilitating loan closing transactions that include sub-transactions involving third parties. The method and system provide functionality to quickly and easily order a sub-transaction and bill the respective party, or pay for the sub-transaction directly from various payment systems. An interactive closing document updates automatically as different services and sub-transactions are ordered. Designated parties to the transaction make and approve changes and updates to the interactive document as sub-transactions are completed and billed. The interactive document receives information from the earlier stages of the loan or mortgage transaction, and incorporates the information into the interactive closing document. Upon approval by all parties, at the closing of the transaction, the interactive closing document is generated as a hard copy for signature.
    Type: Grant
    Filed: May 22, 2007
    Date of Patent: September 20, 2011
    Assignee: Altisource Solutions S.A.R.L.
    Inventors: William C. Erbey, Christopher Kennedy, Bryan Hurley
  • Patent number: 8010425
    Abstract: In one aspect of the invention, a customer accesses an eCommerce server maintained by a merchant via a communications network such as the Internet. Before the customer can complete a transaction, such as ordering goods or receiving on-line services, the merchant requests a tender of payment. If the tender of payment is declined, the merchant offers the customer credit for completing the transaction wherein the credit is guaranteed by a guarantor. The guarantor pays the merchant for the customer's transaction and sends an account statement including a request for payment to the customer. The amount the guarantor pays to the merchant may be dependent on the reason for the decline and one whether or not customer information is used to verify the customer. The account statement may also include an offer to the customer by the guarantor of a credit account.
    Type: Grant
    Filed: December 9, 2003
    Date of Patent: August 30, 2011
    Assignee: The Sunshine Trust
    Inventors: Benét E. Garcia, III, Michael J. Miller, Anderson R. Woods, James G. Bacon, Hagop Guiragosian
  • Patent number: 8010388
    Abstract: The present invention provides a life insurance product known as longevity insurance. Longevity insurance mitigates longevity risk, the risk that an individual will outlive his or her assets. More specifically, the purchase of longevity insurance guarantees an individual a predetermined, periodic income payment for the life of the purchaser. The guaranteed stream of monthly income commences at a later date, which may be utilized to supplement an existing income level or provide income in the event that the individual outlives his or her accumulated assets.
    Type: Grant
    Filed: January 17, 2007
    Date of Patent: August 30, 2011
    Assignee: Hartford Fire Insurance Company
    Inventor: Stephen T. Joyce
  • Patent number: 8010441
    Abstract: A method of and system for terminating or assigning outstanding OTC derivative transactions between a plurality of financial institutions (banks). The system comprises: a processing station arranged to receive transaction data describing a plurality of transactions from a plurality of banks via the Internet. The processing station comprises: a linking module for linking different versions of the same transaction received from different parties to that transaction; an analysis module for determining a set of linked transactions between a plurality of different banks, wherein each bank has debts and claims towards other banks in the set; a calculation module arranged to calculate an aggregated value of each set of linked transactions and select the set of linked transactions which has an aggregated value within bank-specified tolerance limits acceptable for executing a termination; and an execution module for executing a termination or assignment of the selected set of linked transactions.
    Type: Grant
    Filed: September 15, 2009
    Date of Patent: August 30, 2011
    Assignee: TriOptima AB
    Inventor: Derk P. Brouwer
  • Patent number: 8010407
    Abstract: Marketing techniques are disclosed that allow companies to efficiently identify target businesses to solicit for purchase of advertising products. One embodiment includes a map-based interface for selecting a neighborhood and locating any businesses known to a company selling advertising products in that area, with the intent of allowing a company representative to select a set of those businesses to contact regarding the company's advertising products. The map displays business listings as markers on the map, with color-coding used to indicate listings the representative has already contacted, and listings that some other representative has contacted.
    Type: Grant
    Filed: November 14, 2007
    Date of Patent: August 30, 2011
    Assignee: Google Inc.
    Inventors: David Santoro, David S. Young, John Callaway, Osi Imeokparia, Gregory Joseph Badros
  • Patent number: 8010406
    Abstract: A computer-implemented method includes receiving item data at a network-based computer system, the item data related to an item categorized in at least a first category of a plurality of categories supported by the network-based computer system and including an item price-based value associated with the item. A category-specific threshold price-based value, for the first category of the plurality of categories supported by the network-based computer system, is automatically determined. The item data is automatically determined to the irregular, based on the item price-based value associated with the item and the category-specific threshold price-based value for the first category of the plurality of categories supported by the network-based computer system. Responsive to the determination that the item data is irregular, an entity associated with the item is restricted from using the network-based computer system.
    Type: Grant
    Filed: January 7, 2011
    Date of Patent: August 30, 2011
    Assignee: eBay Inc.
    Inventors: Irina Vogel, Mei Ye
  • Patent number: 8005732
    Abstract: An existing customer of a financial institution may open a new account with their financial institution using an optimized online interface. Initially, the interface presents a standard application for a new account in which an extensive number of fields for personal and financial information must be completed. A link is provided on this long application for use by existing account holders only. Upon selection of the link, an existing account holder is instead presented with a short application in which only the account holder's name, a portion of their social security number, their existing account number, and their account confirmation identifier are required to be entered.
    Type: Grant
    Filed: December 31, 2003
    Date of Patent: August 23, 2011
    Assignee: American Express Travel Related Services Company, Inc.
    Inventors: Yelena Khandros, Lorraine Miranda, Suzanne K. Berlin, Randy Okerlund, Rhonda Lee Bertucci, Gregory Alan Glenn