Abstract: A system for cross-selling products and/or services across an enterprise comprising an enterprise-level decision engine and a plurality of line-of-business decision engines; wherein characteristics derived by the enterprise-level decision engine are used by the line-of business-level decision engines to generate cross-sell offer decisions; enterprise-level business rules and line-of-business-level business rules are managed independently of one another; a publish-subscribe message framework allows data to be published at an enterprise level and subscribed to by the line-of-business decision engines according to business rules established at the line-of-business level; the line-of-business decision engines generate cross-sell offer decisions; and the enterprise-level decision engine stores data to and retrieves data from an operational and an analytics data repository. A method of using the system described above to generate cross-sell offer decisions.
Type:
Grant
Filed:
September 18, 2007
Date of Patent:
September 28, 2010
Assignee:
Zoot Enterprises, Inc.
Inventors:
Thomas H. Johnson, Warren White Bauder, Gretchen Andes Bauder, LeRoy Ira Verwolf, Mark Steven Douma, Robert M. Calhoun, Jr., Scott Michael Bridges, William James Porter, Nanette Marianne DeVault, Ryan Joseph DeGraw, Timothy H. Stevens, Bradley Louis Benjamin
Abstract: A multi-factor rate analysis system and method for analyzing service plan rates, service providers, and savings other information is provided. Rate information may be based on one or more of historical and other user specific usage information and preferences, current rate information for one or more services as well as other information. This information may be used to identify one or more rate plans that are advantageous to a user, enable the user to select from the identified plans, facilitate the ability of the user to switch from one rate plan to another and provide other benefits and advantages.
Type:
Grant
Filed:
November 30, 2001
Date of Patent:
September 21, 2010
Inventors:
Michael Kende, Robert Christian MacDonald, James G. Gatto
Abstract: The present invention relates to systems and methods for managing risk in business transactions. In an embodiment, a computer-implemented method of managing risk exposure of a provide includes providing a product from the provider to a client under an initial billing experience between the provider and the client, evaluating a credit risk associated with the client at least one of periodically or upon occurrence of an event, and modifying a credit line the provider is willing to offer the client.
Type:
Grant
Filed:
May 2, 2007
Date of Patent:
September 7, 2010
Assignee:
Google Inc.
Inventors:
Ross Koningstein, Saksiri Tanphaichitr, Vikas Sukla, Michael Schulman, Giles Douglas, Emmett Andrew Cunningham
Abstract: According to some embodiments, systems and methods are provided to facilitate a distribution of bank accounts via an educational institution. For example, information associated with a student, faculty member, or alum may be received from a university. A soft bank account may then be established based on the received information. If an indication of acceptance is received (e.g., via a Web site), the soft bank account may be activated. The activated bank account may then be used to process banking transactions.
Type:
Grant
Filed:
May 30, 2007
Date of Patent:
September 7, 2010
Assignee:
Higher One, Inc.
Inventors:
Miles Lasater, Sean Glass, Mark Volchek, Jeff Wong, Ernest C. Jones, Casey McGuane, Henry G. Fuldner, Kiril Savino
Abstract: An improved method for simulating noise-varying risk factor values in a parametric simulation comprises analyzing historical data to determine the actual value of the risk factors and other attributes in the model and using this data to generate historical residual values which reproduces the historical price when used in the model with corresponding historical attribute values. The set of historical residual values is standardized and can be bootstrapped to increase the number of members in the set or vary the sets properties. Values of the historical residuals are then selected, e.g., at random, and used in place of the random noise components to produce simulated risk factor values which are used in the parametric model to simulate the evolution of the instrument price.
Abstract: A method of multi-enterprise optimization at a buyer computer includes accessing a forecasted demand for at least one item and generating one or more proposed flexible trade contracts using the forecasted demand for the item. The proposed flexible trade contract is communicated to a seller computer and subsequently executed after acceptance of the proposed flexible trade contract at the seller computer to create a flexible trade contract. Each proposed flexible trade contract may be a forward contract, an option contract, or a flexible forward contract.
Abstract: A system and method for facilitating trading in financial markets is presented. The system and method provides dealers, salespersons, and traders of securities the ability to anonymously share their own or their client's interest to trade securities, to identify and match potential trading opportunities between the parties, and to automatically notify dealers, salespersons and traders about such potential trading opportunities. The system and method detects a potential trade of a client or dealer, searches a plurality of other dealers and their clients for compatible second potential trades, identifies matching trades between the parties, alerts one or more of the dealers of the matching trades, and facilitates trades between the parties while maintaining their anonymity.
Abstract: The invention relates to a method, system and computer program product for grading asset-backed securities by assigning a relative grade, including one or more of a prepayment risk component and a complexity component, which may take into account one or more of weighted average life, volatility of weighted average life at moderate and stressed yield curve shifts, and complexity, in the absence of price information.
Type:
Grant
Filed:
March 2, 2006
Date of Patent:
June 8, 2010
Assignee:
Federal Home Loan Mortgage Corporation (Freddie Mac)
Abstract: A system comprises a memory operable to store market data. The system further comprises a processor communicatively coupled to the memory and operable to buy a plurality of index futures. The plurality of index futures are held as long positions in a trust, and a particular index future is publicly traded on a commodity exchange. The processor is further operable to issue a plurality of trust receipts associated with the trust, wherein the plurality of trust receipts are publicly traded on at least one security exchange. The processor is further operable to post a margin with a futures commission merchant (FCM), wherein the margin is based at least in part on the plurality of index futures and the FCM makes at least one interest payment associated with the plurality of index futures.
Type:
Grant
Filed:
July 2, 2007
Date of Patent:
June 1, 2010
Assignee:
Merrill Lynch Co., Inc.
Inventors:
Satyanarayan Reddy Chada, Donald A. MacLean
Abstract: A method of settling trades includes the steps of obtaining an authenticated delivery instrument, wherein the authenticated delivery instrument is authenticated by a first exchange and may be used to settle a trade undertaken on the first exchange. An electronic proxy is issued for the delivery instrument, wherein the electronic proxy may be exchanged for the authenticated delivery instrument and where the electronic proxy is used to settle a trade undertaken on a second exchange.
Type:
Grant
Filed:
July 16, 2007
Date of Patent:
May 25, 2010
Assignee:
Board of Trade of the City of Chicago, Inc.
Abstract: A method for providing a web service broker includes providing an interface between an enterprise and at least one of a service client and a service provider. The service client discovers web services on a service registry and uses the corresponding web services from the service provider. Communication is provided between the enterprise and the at least one of the service client and the service provider. Information from or to the enterprise is converted to a form that is appropriate for the at least one of the service client and the service provider. Additionally or alternatively, information from or to the at least one of the service client and the service provider is converted to a form that is appropriate for the enterprise.
Abstract: A method of multi-enterprise optimization at a buyer computer includes accessing a forecasted demand for at least one item and generating one or more proposed flexible trade contracts using the forecasted demand for the item. The proposed flexible trade contract is communicated to a seller computer and subsequently executed after acceptance of the proposed flexible trade contract at the seller computer to create a flexible trade contract. Each proposed flexible trade contract may be a forward contract, an option contract, or a flexible forward contract.
Abstract: A method of multi-enterprise optimization at a buyer computer includes accessing a forecasted demand for at least one item and generating one or more proposed flexible trade contracts using the forecasted demand for the item. The proposed flexible trade contract is communicated to a seller computer and subsequently executed after acceptance of the proposed flexible trade contract at the seller computer to create a flexible trade contract. Each proposed flexible trade contract may be a forward contract, an option contract, or a flexible forward contract.
Abstract: A system and method of assisting a client transfer financial services using a first account to a second account collects relevant information and authorization from the client. The system and method maintains a database of counterparties providing services to clients of financial institutions and uses the information provided by the client and information in the database of counterparties to schedule and effect the transfer of the services. The system and method creates the necessary transfer information for each service to be transferred and dispatches the completed transfer information to each counterparty with a desired date for the transfer to be effected, the desired dates being selected in accordance with a cashflow analysis performed by the system and method of both the account at the previous financial institution and the account at the new financial institution.
Type:
Grant
Filed:
September 7, 2005
Date of Patent:
May 11, 2010
Assignee:
Davis + Henderson, Limited Partnership
Inventors:
Serge Rivest, Michael King, Richard Clark
Abstract: A method is provided for supporting processing of a transaction conducted between a first party and a second party. The first party accepts payment via a plurality of different payment options selectable by the second party, and the plurality of different payment options are associated with a plurality of different authentication protocols prescribed therefor.
Type:
Grant
Filed:
May 23, 2006
Date of Patent:
April 6, 2010
Assignee:
CardinalCommerce Corporation
Inventors:
Chandra S. Balasubramanian, Francis M. Sherwin, Michael A. Keresman
Abstract: A system and method of providing a client with cashflow monitoring during a transfer of services (e.g. pre-authorized debits and credits) from a first account to a second account, the method comprising the steps of: (i) determining an effective date for the transfer of each service, said effective dates creating a transfer window; (ii) determining cashflows for said first account and said second account during said transfer window; (iii) adjusting effective dates for transfer of each services to avoid cashflow interruptions in said first and said second accounts; and (iv) providing a cashflow analysis to the client that lists all the effective dates for each service transfer and predicted cashflows for said first and said second account during said transfer window.
Type:
Grant
Filed:
September 1, 2006
Date of Patent:
April 6, 2010
Assignee:
Davis + Henderson, Limited Partnership
Inventors:
Serge Rivest, Michael King, Richard Clark
Abstract: A predatory lending detection system and method are described. The system is adapted to receive information pertaining to loans, store general loan information, as well as predatory lending laws, and process the loan information to detect violations of applicable predatory lending laws. In particular, the system compares the loan information to the general loan information and to the applicable predatory lending laws, detects variances therebetween, and scores such detected variances to determine a risk category for the loan.
Abstract: A method for trading a security in an electronic market includes receiving closing orders and orders for the security traded in the electronic market, disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the close of trading, determining a closing price for the security based on the closing orders and orders, and executing at least some of the closing orders at the determined closing price.
Type:
Grant
Filed:
April 28, 2004
Date of Patent:
January 12, 2010
Assignee:
The Nasdaq OMX Group, Inc.
Inventors:
Frank Hatheway, Daniel F. Moore, Timothy E. Cox, Peter J. Martyn, Dan Barnard Franks, Adam Seth Nunes, Oliver Albers
Abstract: Methods and apparatuses for processing orders in a computerized asset trading system when the order contains trading requirements for trading accounts that do not map to trading accounts recognized by the provider trading system. The invention books trading requirements associated with the unrecognized trading accounts against a default trading account set up for the customer by the provider, thereby allowing the order to be processed instead of rejected merely because one or more of the customer-specified trading accounts has not yet been approved by the provider. The invention also allows providers to specifically block customer trading accounts, and to dynamically create approved trading accounts as they are needed so that subsequent transactions involving the previously unapproved trading accounts will be executed without using the default trading account. The invention also rejects orders for customer trading accounts that have been specifically blocked by the provider.