Patents Examined by Robert R Niquette
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Patent number: 10776879Abstract: A system for generating and managing usage-based contracts using blockchains configured to (i) store an insurance contract for a currently occurring or upcoming trip, where the insurance contract is to insure the driver, passenger, and/or vehicle during the trip, where the insurance contract includes terms, conditions, or other clauses (e.g., mileage limitations, limitations on autonomous vehicle operation, etc.) and is in a blockchain structure, and where several nodes store copies of the insurance contract in the blockchain structure; (ii) receive, from the driver and/or (autonomous) vehicle, a requested modification of one or more terms, conditions, or other clauses of the insurance contract, (iii) transmit the requested modification to an insurance auction network, (iv) receive a response to the request from the insurance auction network; and (v) store the response in a new block in the insurance contract (e.g., a smart contract) to facilitate providing trip insurance in a transparent manner.Type: GrantFiled: December 11, 2017Date of Patent: September 15, 2020Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANYInventor: Matthew L. Floyd
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Patent number: 10776790Abstract: Online fraud prevention including receiving a rules set to detect fraud, mapping the rules set to a data set, mapping success data to members of the rules set, filtering the members of the rules set, and ordering members of the data set by giving priority to those members of the data set with a greater probability for being fraudulent based upon the success data of each member of the rule set in detecting fraud. Further, a receiver coupled to an application server to receive a rules set to detect fraud, and a server coupled to the application server, to map the rules set to a data set, and to map the success data to each members of the rules set. The server is used to order the various members of the data set by giving priority to those members of the data set with a greatest probability for being fraudulent.Type: GrantFiled: November 12, 2018Date of Patent: September 15, 2020Assignee: PayPal, Inc.Inventor: Palash Nandy
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Patent number: 10776789Abstract: An analytics computing system for analyzing payment transaction data to identify merchants having a recurring payment program is provided. The analytics computing system is configured to receive first payment transaction data for a plurality of transactions associated with a merchant, generate an actual transaction amount distribution, compare the actual transaction amount distribution to a stored model distribution, compare an angle distance to a predefined threshold value, and identify whether the merchant is a merchant performing recurring payment transactions. The analytics computing system is also configured to store that the merchant is a recurring payment merchant and alert an analyst that the merchant is a recurring payment merchant by transmitting an alert message to a user computing device in communication with the analytics computing device.Type: GrantFiled: November 15, 2017Date of Patent: September 15, 2020Assignee: MASTERCARD INTERNATIONAL INCORPORATEDInventors: Joshua A. Allbright, Christopher John Merz
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Patent number: 10769636Abstract: Methods and apparatus, including computer program products, implementing and using techniques for identifying pathways in a graph of interconnected nodes. A time series of graph data is captured, which corresponds to events occurring at different nodes in the graph. The graph is traversed to identify consistent and variable pathways, respectively, within the graph. The identified pathways are scored according to a particular feature to establish an expected variance model for the events contained within the graph. Newly received data are compared against the expected variance model to determine a degree to which the newly received data deviates from the expected variance. The variance model is adjusted based on the newly encountered data.Type: GrantFiled: November 29, 2018Date of Patent: September 8, 2020Assignee: International Business Machines CorporationInventors: Brian P. Byrne, Sushain Pandit, Vijay Ekambaram, Adam R. Holley
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Patent number: 10769634Abstract: Systems and methods are provided for use in processing transactions based on biometric data used in connection with authenticating consumers to payment accounts to which the transactions are directed. One exemplary method includes causing a biometric associated with a consumer to be received, when the consumer presents a payment device for funding a transaction with a merchant via a payment account associated with the payment device. The method also includes appending, by a computing device, a biometric score to an authorization request associated with the transaction at the merchant where the biometric score is indicative of a degree of match between the received biometric and a reference biometric, and transmitting, by the computing device, the authorization request whereby an issuer associated with the payment account is able to utilize the biometric score in determining to approve or decline the transaction.Type: GrantFiled: June 13, 2016Date of Patent: September 8, 2020Assignee: MASTERCARD INTERNATIONAL INCORPORATEDInventors: Mark Jules Azzam, John Eric Roberts, Matthew Wease, Brett Jon Halkett
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Patent number: 10762507Abstract: The present invention relates to a mobile terminal and controlling method thereof, suitable for making offline payment conveniently without a complicated procedure according to a use mode of the mobile terminal. The present invention includes a touchscreen, a fingerprint sensing unit, a wireless communication unit, and a controller configured to, if sensing a first fingerprint input through the fingerprint sensing unit, control a different function to be executed according to a use mode of the mobile terminal at a timing of sensing the first fingerprint input.Type: GrantFiled: December 6, 2017Date of Patent: September 1, 2020Assignee: LG ELECTRONICS INC.Inventors: Sookyeong Lee, Jeongyun Heo
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Patent number: 10755248Abstract: A method and device for digital payment transactions is provided. A method for encoding data for use in a digital payment transaction between a cardholder and a merchant includes generating, by a cardholder electronic device, dynamic magnetic stripe data associated with a digital payment card of a digital wallet application stored in a data storage module of the cardholder electronic device, retrieving merchant-related data stored in the data storage module of the cardholder electronic device, and encoding, by the cardholder electronic device, the generated dynamic magnetic stripe data and the retrieved merchant-related data in a machine-readable visual code for use in the digital payment transaction.Type: GrantFiled: October 9, 2017Date of Patent: August 25, 2020Assignee: MASTERCARD ASIA PACIFIC PTE. LTD.Inventors: Ian David Alan Maddocks, Syam Sasidharan Nair
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Patent number: 10755282Abstract: A computer-based network system and method for using a payment vehicle having an on and off function. The system comprises a payment vehicle comprising an on and off function to enable or to disable the payment vehicle in the computer-based network for processing an electronic payment transaction, a holder of the payment vehicle, and a computer payment network wherein the computer payment network comprises a transaction engine for enabling or for disabling the payment vehicle at a request of the holder of the payment vehicle.Type: GrantFiled: October 24, 2017Date of Patent: August 25, 2020Assignee: Wells Fargo Bank, N.A.Inventors: Michael T. Duke, Dean Patrick Nolan
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Patent number: 10748184Abstract: Systems, methods, apparatuses and computer-readable media for receiving data associated with a plurality of users, such as a group of employees receiving benefits from an employer. The plurality of users may have a primary insurance provider. Insurance information associated with one or more covered services or claims submitted may be received from the primary insurance provider and matched to the plurality of users to identify a portion (or any) of the users who have submitted a claim or received covered services. In some arrangements, a determination may be made as to whether the identified users have supplemental coverage. If so, a notification may be transmitted to the user indicating eligibility for coverage.Type: GrantFiled: June 11, 2014Date of Patent: August 18, 2020Assignee: Allstate Insurance CompanyInventors: K Pearl Harrison, David Dickson
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Patent number: 10740756Abstract: A method for authorization of a blockchain transaction includes: storing account profiles, each profile including an account identifier, fiat amount, and blockchain amount; receiving a transaction message, the transaction message being formatted based on transaction message standards and including a first data element that includes a specific account identifier and a second data element reserved for private use that includes a network identifier and transaction amount; identifying a specific account profile that includes the specific account identifier; identifying a risk value based on the transaction amount and at least one of: the fiat amount and blockchain amount; determining authorization of a transaction based on the identified risk value; modifying the transaction message based on the authorization determination; and transmitting the modified transaction message.Type: GrantFiled: November 28, 2017Date of Patent: August 11, 2020Assignee: MASTERCARD INTERNATIONAL INCORPORATEDInventors: Steven Charles Davis, Ashish Raghavendra Tetali
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Patent number: 10740842Abstract: An exchange order fulfillment method comprises receiving, by at least one processor of an electronic exchange, a plurality of electronic communications comprising orders for trades of one or more financial instruments, at least one order comprising an amount of price improvement to be applied to one of a protected national best bid (NBB) or a protected national best offer (NBO) of a financial instrument for a trade. The method further includes fulfilling, by the at least one processor, the order when the amount of the price improvement is more aggressive than a specified value of aggressiveness relative to the one of the protected NBB or the protected NBO of the financial instrument and reporting information associated with fulfillment of the order.Type: GrantFiled: August 30, 2019Date of Patent: August 11, 2020Assignee: CBOE Global MarketsInventor: Christopher Andrew Isaacson
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Patent number: 10740736Abstract: A system for processing payment card transactions. A user database stores a plurality of user profiles. Each user profile mappings from a payment card identifier to at least one credit card number. A bill processing component in communication with the database which is configured to: receive, from a credit card issuer system, credit card bill data representing at least a credit card number, a total payable amount and a minimum payable amount; query the user database to match one of the user profiles to the credit card number; and store, in the matched user profile, the credit card bill data.Type: GrantFiled: March 18, 2016Date of Patent: August 11, 2020Assignee: MASTERCARD ASIA/PACIFIC PTE LTDInventors: Suneel Bhatt, Amit Singh, Hitendra Gehlot
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Patent number: 10733667Abstract: Increasingly, individuals use online social network platforms (also referred to as Internet-based social networks) to access a variety of information and content, such as articles on various topics, updates related to a user and individuals within the user's network, friend suggestions, advertisements, news stories, and the like. Among other things, embodiments of the present disclosure can be used to help identify users of a social network based on various information.Type: GrantFiled: December 29, 2016Date of Patent: August 4, 2020Assignee: Wells Fargo Bank, N.A.Inventors: Jane R. Kubera, Katie Kim, Chris Theodore Kalaboukis, Jonathan A. Padilla, Michael Alan Balsam, Nicolette Haacke Frandsen
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Patent number: 10719820Abstract: Systems and methods are disclosed for the deposit, withdrawal, and reuse of currency for transactions. According to disclosed embodiments, an intelligent teller machine (ITM) is configured to receive currency as payment for a transaction, to calculate and dispense any change due, and to request that the net value of the transaction (e.g., the revenue) be deposited into the financial account of the business. The currency received by the ITM is also available to make change for future purchase transactions.Type: GrantFiled: April 10, 2019Date of Patent: July 21, 2020Assignee: Capital One Services, LLCInventors: Adam R. Koeppel, Alex Leo Niderberg
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Patent number: 10719822Abstract: Embodiments described herein disclose a mobile device system for displaying contactless payment options to a user of a mobile device. A location of the device may be detected. The location may be transmitted to a payment services provider, and information indicating that the location corresponds to a merchant having contactless payment options may be received. In response, graphical depictions of payment options associated with a plurality of payment sources are displayed on a touch-sensitive display of the mobile device. A selection of one of the graphical depictions is received, and in response, one or more transceivers of the mobile device, such as one or more NFC transceivers, may be activated. The activation may cause the transceivers to transmit a personal account number to a point-of-sale terminal. Thus, the user is presented with contactless payment options based on a geographical location, and may be presented with a suggested payment source.Type: GrantFiled: April 6, 2016Date of Patent: July 21, 2020Assignee: PAYPAL, INC.Inventor: Adhish N. Vyas
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Patent number: 10713725Abstract: Methods and systems for generating a diversification index for a portfolio are disclosed herein. A plurality of assets within the portfolio are identified, each of the plurality of assets having a corresponding weight value and a corresponding utility value. An overall volatility value of the portfolio is identified. A diversification index is computed based on the overall volatility value and corresponding weight and volatility values of each of the plurality of assets.Type: GrantFiled: October 30, 2014Date of Patent: July 14, 2020Assignee: JPMORGAN CHASE BANK, N.A.Inventors: Jonathan Allen Shelon, Hongtao Qiao, Ignacio J. Bustindui, Haoxin David Lu, Xinwei Song, Jason Chen
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Patent number: 10713660Abstract: A user may establish a relationship with a merchant so that the user can conduct repeated transactions with the merchant. The merchant computer associated with the merchant may store credentials associated with the user's account. The repeated transactions may not occur at regular intervals. The merchant may include an indicator in the authorization request messages for the user's transactions that indicates that the user is part of the established relationship. Hence, other entities that receive the indicator can accordingly identify and process the transaction as low risk, which results in higher approvals of the user's transactions conducted with the merchant.Type: GrantFiled: September 14, 2016Date of Patent: July 14, 2020Assignee: VISA INTERNATIONAL SERVICE ASSOCIATIONInventor: Amitabh Awasthi
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Patent number: 10706475Abstract: According to some embodiments, data is received indicative of a plurality of insurance claims submitted in connection with insurance policies. A rules driven claim processing engine may then apply a first exclusion filter to the received plurality of claims, wherein the first exclusion filter operates to remove claims from the received plurality of claims to create a first subset of claims. A second exclusion filter may then be applied to the first subset of claims, wherein the second exclusion filter operates to remove claims from the first subset of claims to create a second subset of claims. It may then be automatically arranged for the second subset of claims to be processed via an expedited claim processing workflow.Type: GrantFiled: April 6, 2018Date of Patent: July 7, 2020Assignee: Hartford Fire Insurance CompanyInventors: John Kinney, Vittoria Pace, Anthony C. Ruszala, Thomas L. Snow, III, Larry B. Emory, Robert K. Burns
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Patent number: 10706395Abstract: Systems, methods, and articles of manufacture for transferring funds from multiple transaction accounts are provided. The system may allow a user to link one or more credit, debit, or other similar transaction accounts to a single transaction instrument. The system may receive a transaction authorization request, retrieve a merchant account number and a consumer transaction account number based on the transaction authorization request, and generate a funds transfer request comprising the merchant account number, the consumer transaction account number, and a payment amount. The funds transfer request may be executed by a transaction account network to transfer funds from the consumer transaction account to the merchant account.Type: GrantFiled: July 11, 2017Date of Patent: July 7, 2020Assignee: American Express Travel Related Services Company, Inc.Inventor: Carlos Silvestre
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Patent number: 10706465Abstract: The present disclosure involves systems and computer implemented methods for performing a connected device-based property evaluation. In one example, system operations include identifying a construction schedule associated with a particular property, the construction schedule including at least one construction event for the property. A disbursement schedule associated with the construction schedule and the property are identified, wherein the disbursement schedule defines construction events that trigger at least a partial disbursement of funds associated with the construction. Connected devices associated with the property are associated to one or more of the construction events, and a set of data characteristics associated with the one or more connected devices are defined that correspond to particular construction events.Type: GrantFiled: September 14, 2016Date of Patent: July 7, 2020Assignee: The Toronto-Dominion BankInventors: Roy D'Souza, Roisin Lara Fritz, Jonathan K. Barnett, Paul Mon-Wah Chan, John Jong-Suk Lee