Abstract: A system and method for networked exchange are disclosed. A system for networked exchange comprises an internal proxy (140); an exchange processor (120) in communication with the internal proxy (140); a database (130) in communication with the internal proxy (140); an external proxy (150) in communication with the internal proxy (140); and, a communications network (110) connected to the external proxy. A method for networked exchange comprises 8 steps. Those steps are (1) specifying a mode of operations for an exchange; (2) identifying a commodity for the exchange; (3) listing information about the commodity; (4) accessing of the listing by a potential purchaser; (5) accessing the network based exchange by the potential purchaser; (6) processing information generated by the potential purchaser, the information comprising a negotiation; (7) concluding the negotiation; and, (8) clearing the concluded negotiation.

Abstract: A merchant/seller portal enables sellers of auction items on Internet auction sites to obtain cash payments from buyers identified only by their buyer pseudonyms. The portal includes an open network interface, a seller database in which data associated with a seller are stored, a buyer manager for verifying auction purchase data received from a merchant terminal, an auction site manager for verifying auction transaction data with an auction site server, and an auction payment manager for communicating data messages with an auction payment server to transfer funds for a verified auction transaction.

Abstract: A method and system for determining possible future value of a portfolio of joint investors including receiving user inputs, determining an age of death of joint investors in accordance based on the current age of the respective first and second joint investors and randomly drawn numbers, and computing a future value of the portfolio using said greater age of death of the joint investors, a predetermined rate of return, and the initial value of the portfolio.

Abstract: Methods, systems, and apparatus, including computer programs encoded on a computer storage medium, for presenting offers and processing payment transactions. A method includes receiving current location information from a mobile device associated with the user; providing a list of merchants that are in an immediate proximity to the user and receiving a selection of one of the merchants. The method further includes providing to the user for presentation on the mobile device a charge authorization form for the merchant; providing to the user a final authorization form that includes an area for a password that is associated with an account of the user; authorizing the transaction based at least in part on the receipt of the password; and providing a code for presentation on the user device to enable the user to complete the transaction with the merchant.

Abstract: An electronic trading system and method is disclosed for matching orders for various asset classes including futures contracts and the subsequent settlement and clearance of such contracts. The electronic trading system is configured to be connected to one or more electronic exchanges and is also configured to interface with the existing infrastructure of the front office software of a trading firm, broker or dealer to provide the best fill for traders by enabling electronic trades to be executed both on the exchange and over the counter. In one embodiment of the invention, a local order book is established thereby establishing an independent pool of liquidity of the asset class of interest.

Abstract: The invention provides a system and method for creating and facilitating the exchange of wagering-based transferable financial instruments. The instruments may be used to embody multiple various positions based upon the ultimate outcomes of uncertain future contingent events, including but not limited to outcomes of games of skill and chance. The invention further provides systems and platforms for monitoring, displaying information, and facilitating trading as to such instruments among multiple investment market participants, and a hosting or house participant, for time-variable buying and selling of such instruments.

Abstract: Methods, systems, and apparatus, including computer programs encoded on a computer storage medium, for presenting offers and processing payment transactions. A method includes receiving current location information from a mobile device associated with the user; providing a list of merchants that are in an immediate proximity to the user and receiving a selection of one of the merchants. The method further includes providing to the user for presentation on the mobile device a charge authorization form for the merchant; providing to the user a final authorization form that includes an area for a password that is associated with an account of the user; authorizing the transaction based at least in part on the receipt of the password; and providing a code for presentation on the user device to enable the user to complete the transaction with the merchant.

Abstract: Computer-implemented systems and methods are provided for presenting sale offers over an electronic network system. In one implementation, a method may comprise storing, in a database, a sale offer including terms to purchase a good or service at a predetermined offer price, the predetermined offer price being a discounted price less than a market value of the offered good or service in a commercial marketplace. The method may also comprise setting, using at least one processor, parameters for presenting the sale offer, the parameters including a limited duration during which the sale offer may be accepted, the limited duration being based on an available quantity of the offered good or service. Further, the method may include presenting the sale offer to an individual who visits at least one website accessible over the electronic network system, the individual matching a targeted group of individuals.

Abstract: Computer-implemented systems and methods are provided for presenting sale offers over an electronic network system. In one implementation, a method may comprise storing, in a database, a sale offer including terms to purchase a good or service at a predetermined offer price. The method may also comprise setting parameters for presenting the sale offer, the parameters including a limited time period during which the sale offer may be accepted, and an available quantity of the offered good or service. Further, the method may include presenting the sale offer to an individual who visits at least one web site accessible over the electronic network system, at least one of the limited time period for accepting the sale offer or the available quantity of the offered good or service being unpredictable to the individual.

Abstract: A method for performing a money transfer initiated by a receiver of the money transfer, wherein the method includes receiving a money transfer initiation request from the receiver and the money transfer initiation request includes an amount of funds to be transferred, receiver information, and sender information. The method also includes staging a money transfer transaction after receiving the money transfer initiation request, wherein the money transfer transaction is pending an authorization by the sender to fund the money transfer. The method further includes providing the sender with a notification of the money transfer transaction, receiving the authorization to fund the money transfer transaction, and executing the money transfer to transfer the funds from the sender to the receiver.

Abstract: A method for rating insurance products using a programmed computer system comprising receiving a coordinate pair including a longitude and a latitude of a location; determining a target coordinate grid block bounded by latitude and longitude lines, wherein the target coordinate grid block encompasses the coordinate pair, querying a database for a target set of existing data associated with the target coordinate grid block, wherein the existing data was associated with the target coordinate grid block prior to receiving the coordinate pair, and calculating a pure premium based at least in part on analyzing the data in the target set.

Abstract: A method and a system for mobile remittance and/or payment are provided. Example embodiments may include receiving a request, at a financial entity and from a first party, to remit an amount from an account, associated with the first party to a mobile account associated with a phone number of a second party; notifying the second party of the amount to be remitted and an identity of the first party; receiving a personal identification component from the second party; accessing the mobile account based on the personal identification component; and depositing the amount into the mobile account. A request may be received from the second party to transfer a portion of the amount to a third party.

Abstract: Systems and methods for electronic trading that provide incentives to users of a trading system. The systems and methods may monitor a trading activity of the user and determine that the orders submitted by the user over a period of time exceed a first pre-determined threshold. Systems and methods also determine that a spread of the plurality of orders exceeds a second pre-determined threshold. Based on these determinations, the user is designated as qualifying for a special status, which entitles the user to incentives in trading. Systems and methods apply the incentives to an order submitted by the user. One such incentive provides the user with a priority in a trading queue, where orders submitted by the user are executed in advance of other orders in the trading queue.

Abstract: Embodiments of the invention are related to a computer-implemented authentication method and system for authenticating a customer using an electronic device for engaging in a transaction involving a financial institution over a network. Embodiments of the method include capturing an image of the customer engaging in the transaction using an image capturing device integrated with the electronic device and retrieving a stored image of the customer from an authentication database. Embodiments of the invention additionally include comparing, using a comparison algorithm executed by computer processing components, the stored image with the captured image to authenticate the customer and upon authentication, monitoring the captured image during the transaction for an interruption using the computer processing components. The method further includes terminating the transaction if an interruption is detected.

Abstract: A method performed by a transfer instrument issuer involves issuing, to a recipient, a certificate which is linked to a national card account obtained by the transfer instrument issuer from an account issuer different from the transfer instrument issuer, without both issuing and providing a physical card for the national card account to the recipient of the certificate, the certificate having been purchased by a purchaser, who is not also the recipient, and containing all information necessary for the purchase of goods or services from any merchant who is capable of processing economic transactions involving one of the plurality national card accounts for which a physical card has issued, but without presentment of the physical card.

Abstract: Commercial size of spending wallet (“CSoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“CSoW”) is the portion of the spending wallet that is captured by a particular financial company. A modeling approach utilizes various data sources to provide outputs that describe a company's spend capacity. A mutual fund rating company can use this CSoW/CSoSW modeling approach to predict the performance of funds that invest in a particular industry or sector. In addition, since mutual funds often provide guidelines for selecting stocks, rating companies can use this modeling approach to predict the performance of companies in a fund's portfolio.

Abstract: In a system and method for evaluating and comparing variable annuities, ranking and comparison of annuities and their guaranteed riders is performed by coding the performance of the annuities into a computer model based on the behavior of one or more annuity products as described in a prospectus. A user is provided with a computer interface to input his/her preferences and then view anticipated performance. The anticipated performance is based on one or more validated scenarios of future market performance. The output is in part based on showing the total value of two or more different annuities over time as a bar chart. Each bar presents the total withdrawals to date in a lower portion and the cash surrender value as a top portion.

Abstract: Systems and methods for vending and acquiring of trading priority in electronic trading systems are provided. The systems and method preferably provide for vending and acquiring priority in any suitable electronic trading system. Such suitable electronic trading systems include, but are not limited to, hit/lift exclusive priority systems, price time priority systems, order allocation systems, and request for quote systems.

Abstract: A method, system and program product, the method comprising: obtaining at or before a first source reception cutoff time, first client account transaction information; obtaining a respective net transfer amount; selecting respective aggregated deposit account in depository institution in a first group based on selection rules, first group having recipient cutoff times in a first time range; generating transfer data; obtaining at or before a second source reception cutoff time, second client account transaction information; selecting an aggregated deposit account in a depository institution in a second group to deposit/transferor withdraw/transfer funds, based on selection rules, the second group having respective cutoff times in a second time range different from the first time range; generating transfer data; allocating funds from multiple of the client accounts to the transfers; and updating databases.

Abstract: Computer-implemented systems and methods for determining a “liquidity cycle” for a tradable financial product. The liquidity cycle has a liquidity cycle time period that is made up of multiple discrete time intervals, and the liquidity cycle indicates an expected distribution of order flow at each discrete time interval over the liquidity cycle time period. The liquidity cycle is determined based on tick data for the financial product. The tick data can comprise time-stamped indicative price quotes for the financial product and/or time-stamped price data for completed transactions involving the financial product. The liquidity cycle can be used to compute a Flow-Weighted Average Price (FWAP) for the financial product over a specified FWAP trade time window. An investor may agree with the trader to buy or sell (depending on the side of the transaction) the financial product at the FWAP.