Patents Examined by Samica L Norman
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Patent number: 8099348Abstract: A market map interface displays market information and trader-related information associated with at least two tradable objects. In one embodiment, the at least two graphical interfaces may be linked, and a user may define one or more adjustment parameters to be used to adjust the view of information being displayed via the linked graphical interfaces. For instance, a user may initiate repositioning of one of the linked graphical interfaces, thus, effectively, causing other linked graphical interfaces to be repositioned according to the defined adjustment parameters.Type: GrantFiled: July 1, 2011Date of Patent: January 17, 2012Assignee: Trading Technologies International, Inc.Inventors: Robert J. Kline, Michael J. Burns, Robert A. West
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Patent number: 8099349Abstract: A user may schedule certificates of deposit (CDs) to be consolidated at maturity into an annuity, long term care insurance, or life insurance. The user provides information pertaining to their certificates of deposits, such as amount and maturity dates, and recommendations may be provided regarding consolidating the CDs by rolling them into annuities or insurance.Type: GrantFiled: April 10, 2008Date of Patent: January 17, 2012Assignee: United Services Automobile Association (USAA)Inventor: David Adrian Johnson
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Patent number: 8099363Abstract: Methods and systems for processing and facilitating the processing of payment card transactions between remote merchants and purchaser/card holders as authenticated card-present transactions, and for reducing processing fees charged to merchants. Purchaser/card holders are provided with payment card readers, and optionally, with biometric readers and/or personal identification number (“PIN”) key pads. When a payment card transaction is to be conducted between a merchant and a purchaser/card holder, the purchaser/card holder is connected or redirected to a remote face-to-face (“RF2F”) program/system. The RF2F program/system is configured to receive personal identification information from the purchaser/card holder, and optionally from the biometric reader and/or PIN key pad, and to authenticate the purchaser/card holder. The RF2F program/systemRF2F program/system/system is further configured to receive payment card information from the payment card reader, and to authenticate the payment card.Type: GrantFiled: July 23, 2007Date of Patent: January 17, 2012Inventor: Michael W. Kilchenstein, Jr.
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Patent number: 8095465Abstract: A method includes receiving an authorization request for a purchase transaction, and determining whether the authorization request arose from proximity-reading a proximity payment device. The method further includes mapping a first account number included in the authorization request into a second account number associated with the first account number if it is determined that the authorization request arose from proximity-reading a proximity payment device and if the first account number is qualified for mapping. In addition, the method includes transmitting the authorization request to an issuer financial institution with the second account number substituted for the first account number in the authorization request.Type: GrantFiled: October 5, 2010Date of Patent: January 10, 2012Assignee: MasterCard International, Inc.Inventors: Kris M. Horvath, Maurice David Liscia, Jean-Louis Rouquet
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Patent number: 8090649Abstract: Systems, computer program products, and computer-implemented methods apply or otherwise make available new credit or additional credit to demand deposit accounts, prepaid cards, and existing lines of credit of a customer based on expected tax refund amounts. A computerized estimate of the tax refund available from a tax return of the customer is formed. A portion of the computerized estimate of the tax refund which can be made available as the line of credit is then determined. The existing line of credit is then adjusted based on the expected refund determined to be available, which will serve as an additional source: of repayment for the line of credit. One or more of several adjustments may then be made to an existing line of credit: the line of credit may be increased; fees reduced; or the terms of payment adjusted. The invention may be implemented as a computerized process, a computer system or a computer program product.Type: GrantFiled: March 19, 2009Date of Patent: January 3, 2012Assignee: MetabankInventors: Scott H. Galit, Trent Sorbe
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Patent number: 8086510Abstract: Computer graphics processing systems and methods are provided for the presentation of graphic objects or text in a wagering environment. In at least one embodiment, the systems and methods present graphic objects on a graphic user interface screen that includes at least one of a plurality of betting lines, including a reference betting line, such as a market betting line having a value that corresponds to a value of a reference variable associated with an object, a high line having a value corresponding to an amount above the reference variable value, a low line having a value corresponding to an amount below the reference variable value, etc. The market, high, and low lines may be arranged spatially on the interface screen based at least on the values of each of the lines. The interface screen includes a least one computer generated graphic object associated with each of the betting lines that is selectable for submitting at least one of an up bet request and a down bet request.Type: GrantFiled: September 28, 2006Date of Patent: December 27, 2011Assignee: Cantor Index, LLCInventors: Lee Amaitis, David Anthony Puckeridge, Christopher John Davie, Guy Iain Oliver Riches, Peter Kenneth Lawrey
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Patent number: 8082208Abstract: Information about a company is compiled from a plurality of public sources. The information is then analyzed to identify a plurality of relevant factors from the information. The factors are used to rate risks associated with the company. A profile is generated based on the factors to summarize the risks associated with the company.Type: GrantFiled: July 9, 2008Date of Patent: December 20, 2011Inventor: John Patrick Gavin
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Patent number: 8069115Abstract: Provided is a method and system for payment processing, including emailing a billing statement including an online payment hyperlink to a payer by a biller. The online payment hyperlink includes a payer personalized URL and a token uniquely identifying the payer. The online payment hyperlink is selected by the payer, who is then presented with the biller's online payment form, including pre-populated data fields. The biller's online payment form is reviewed, completed and corrected by the payer, and sent to a secure payment form server.Type: GrantFiled: June 25, 2008Date of Patent: November 29, 2011Inventors: Douglas Schoenberg, Jon Biedermann, Joshua Gardner, Ronald D. Leatherman
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Patent number: 8060437Abstract: A system and method of terminating a transaction between a merchant and customer are disclosed.Type: GrantFiled: October 31, 2006Date of Patent: November 15, 2011Assignee: International Funding Partners LLCInventor: Chuck Foster
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Patent number: 8046282Abstract: An example graphical interface and method for displaying risk related data are described. One example graphical interface includes a data structure comprising a plurality of data nodes and at least one risk data point associated with each node, and further comprises a display grid. The display grid includes one or more cells that are used for displaying selected data nodes and risk data points. Each cell may be associated with a single data node, and may include one or more identifiers corresponding to risk data points of the data node. In one example embodiment, the identifiers are aligned along a single axis, and risk related data corresponding to each identifier is aligned with respect to each corresponding identifier.Type: GrantFiled: April 27, 2010Date of Patent: October 25, 2011Assignee: Trading Technologies International, Inc.Inventors: Robert A. West, Michael J. Burns
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Patent number: 8027853Abstract: A user may be identified and authenticated to an institution system and may adjust the annual miles driven estimate for their vehicle. The annual miles driven estimate is used in the determination of the premium for the vehicle insurance for the vehicle. The premium for the vehicle insurance may be revised based on the adjustment by the user to the annual miles driven estimate. In an implementation, the user may reduce the annual miles driven estimate to zero to indicate that they are not driving the vehicle. The user may keep some elements of the vehicle insurance coverage and the vehicle insurance policy may remain active although the annual miles driven estimate is zero.Type: GrantFiled: October 23, 2008Date of Patent: September 27, 2011Assignee: United States Automobile Associates (USAA)Inventor: Joseph Alfred Kazenas
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Patent number: 8024256Abstract: A method for prioritizing features that can be incorporated into a product, the method including: issuing a weighting factor to each stakeholder having an economic interest in the product, a size of the weighting factor being proportional to a size of a budget for each stakeholder; bidding an amount of the weighting factor for each feature by each stakeholder, a total amount bid by each stakeholder is not to exceed the size of the weighting factor issued to each stakeholder; summing the amounts bid for each feature to provide a total feature bid for each feature; and prioritizing the features in order from highest total feature bid to lowest total feature bid.Type: GrantFiled: September 10, 2008Date of Patent: September 20, 2011Assignee: International Business Machines CorporationInventor: Aviad Zlotnick
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Patent number: 8024246Abstract: A family of hedge funds, serving as “feeder funds” into underlying single-manager hedge funds, formed to provide smaller investors with the ability to allocate and reallocate assets among alternative strategies, and this basic structure combining interrelated systems and methods for offering, redeeming, exchanging, valuing, reporting and servicing the same is a new approach. The system and methods described herein provide investors having less than ultra-high net worth portfolios with access to hedge funds and the potential valuable diversification to an overall portfolio, and the ability to customize their portfolio of hedge funds to their individual needs and adjust such portfolio over time as seen fit in light of changing financial needs and market conditions. This invention gives a wide range of investors access to hedge funds, creating economic value using a new source of stable investor capital for hedge fund managers, a value shared with investors through reduced costs.Type: GrantFiled: October 3, 2002Date of Patent: September 20, 2011Assignee: Bank of America CorporationInventors: Robert M Alderman, Steven N Baumgarten, Paul J Brennan, Jeffrey F Chandor, Winston L Clinton, Sr., Lance D Larsen, Stephen Michael M Miller, Steven B Olgin, Michael L Pungello, Ronald S Rosenberg, Lynda M Salvi-Chiara, Grace T Sette, Ira P Shapiro, George E Skibik, Jr., Paul J Tartanella, Kathleen Versland, Ashleigh R Widger, Courtney L Hughes
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Patent number: 8019674Abstract: A market map interface displays market information and trader-related information associated with at least two tradable objects. In one embodiment, the at least two graphical interfaces may be linked, and a user may define one or more adjustment parameters to be used to adjust the view of information being displayed via the linked graphical interfaces. For instance, a user may initiate repositioning of one of the linked graphical interfaces, thus, effectively, causing other linked graphical interfaces to be repositioned according to the defined adjustment parameters.Type: GrantFiled: July 23, 2009Date of Patent: September 13, 2011Assignee: Trading Technologies International Inc.Inventors: Robert J. Kline, Michael J. Burns, Robert A. West
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Patent number: 8019677Abstract: A convertible, home-equity based financial product is disclosed. Example embodiments of the invention provide a home loan that can be converted into a reverse mortgage, also known as an “equity release” product. In example embodiments, the product can be set up so that there is a low or no-documentation requirement upon conversion. Conversion can be triggered upon a request from the borrower, or upon some other event. The proceeds from the conversion can be provided in many different ways, for example, as a lump sum, an investment, a line of credit, or a scheduled pay-out. The proceeds from the equity release can also be distributed so as to be used in purchasing a residence, for example, a second or vacation home.Type: GrantFiled: November 15, 2006Date of Patent: September 13, 2011Assignee: Bank of America CorporationInventors: David H. Rupp, Colin D. McCormick, Cherie A. Arruda, Lisa D. Curry, Michael Teichman
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Patent number: 8010451Abstract: A financial account that represents value is maintained on behalf of an account holder. The financial account has a plurality of account identifiers that enable a party that presents a debit account identifier to effect a debit transaction in the account, or a party that presents a general account identifier to effect both debit and credit transactions in the account. A third party is permitted to effect a credit transaction in the account by presenting a credit identifier, which is an identifier different from the debit or general account identifiers. The credit identifier is insufficient to enable a third party to effect a debit transaction in the account.Type: GrantFiled: March 23, 2010Date of Patent: August 30, 2011Assignee: A3 Society LLCInventor: Bruce Nappi
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Patent number: 7996304Abstract: Embodiments consistent with the present invention provide a credit enhancement structure for risk allocation between parties that minimizes the regulatory capital reserve requirement impact to an institution subject to capital reserve requirement. A subject pool of assets held by the institution, such as a pool of loans, is rated to determine its risk levels. Based on the rated risk levels, a guarantor party agrees to be responsible for a portion of the risk associated with the pool of assets, which may define the maximum risk exposure of the institution holding the asset pool. The risk-rated capital reserve requirements are applied to the asset pool based on the risk level rating and the guarantor's agreed upon risk responsibility such that the institution holds a reduced amount of reserve capital compared to what it would otherwise be required to hold.Type: GrantFiled: September 3, 2010Date of Patent: August 9, 2011Assignee: Federal Home Loan Mortgage CorporationInventors: Paul A. Thomas, Clifford V. Rossi, Robert J. Fishman, Martin M. Loketek
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Patent number: 7996293Abstract: In one method embodiment of the present methods and systems, a computer-assisted method is provided for analyzing at least one financial instrument associated with a financial institution. The financial instrument has an associated collateral. The method includes receiving at least one collateral margin record from a collateral data source, wherein the collateral margin record includes information related to at least one collateral margin condition of the financial instrument; comparing at least a portion of the collateral margin record to at least one criterion; and, generating at least one of a report and a notification based on the step of comparing the collateral margin record to the criterion. Various aspects of the present method embodiments discussed herein can also be provided in accordance with various computer-readable media embodiments and system embodiments.Type: GrantFiled: June 24, 2010Date of Patent: August 9, 2011Assignee: The PNC Financial Services Group, Inc.Inventors: Michael J. Lego, Katherine Kallet, Katina Bengtson
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Patent number: 7987137Abstract: Embodiments consistent with the present invention provide a credit enhancement structure for risk allocation between parties that minimizes the regulatory capital reserve requirement impact to an institution subject to capital reserve requirement. A subject pool of assets held by the institution, such as a pool of loans, is rated to determine its risk levels. Based on the rated risk levels, a guarantor party agrees to be responsible for a portion of the risk associated with the pool of assets, which may define the maximum risk exposure of the institution holding the asset pool. The risk-rated capital reserve requirements are applied to the asset pool based on the risk level rating and the guarantor's agreed upon risk responsibility such that the institution holds a reduced amount of reserve capital compared to what it would otherwise be required to hold.Type: GrantFiled: September 3, 2010Date of Patent: July 26, 2011Assignee: Federal Home Loan Mortgage AssociationInventors: Paul A. Thomas, Clifford V. Rossi, Robert J. Fishman, Martin M. Loketek
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Patent number: 7962412Abstract: A check processing method involves capturing at a first compression rate certain portions of a received check, and evaluating, based on that captured image data, whether certain information of the check can be reproduced by image data at a second compression rate that is greater than the first compression rate. If so, then image data representing the subject portions of the check is captured at the second compression rate image data, stored, and used to electronically process a corresponding check payment transaction. If not, then a specific process is executed without using image data at the second compression rate. This processing step outputs a specific signal or stores image data containing representing the subject portions of the received check at the first compression rate. Such process may be embodied in a check processing apparatus and may be carried out in response to a program of instructions.Type: GrantFiled: July 23, 2009Date of Patent: June 14, 2011Assignee: Seiko Epson CorporationInventors: Kunio Omura, Naoki Kobayashi