Patents Examined by Thomas M Hammond, III
  • Patent number: 8868461
    Abstract: An electronic trading platform performs trading of one or more types of financial instruments and includes at least one cloud providing at least one independent trading environment executed by a server. The at least one cloud includes a plurality of instances of an express interface application executed by the server and configured to receive interests in the financial instruments. The plurality of instances of the express interface application are configured to write the interests to a shared memory on the server. A matching engine, executed by the server, is configured to continuously poll the shared memory, read the interests written by the plurality of instances of the express interface application, analyze the read interests to determine if there is a matching contraside interest and allocate matching interests based on at least one allocation rule.
    Type: Grant
    Filed: December 6, 2013
    Date of Patent: October 21, 2014
    Assignee: Miami International Securities Exchange, LLC
    Inventors: Matthew Rotella, David Blackman, Oleksandr Brezitskyy, Paul Fost, Bharat Karia, Anatoly Khusid, David Lehmann, Matthew Mintel, Kevin Mueller, Vinay Rao, Douglas Schafer, Ilya Shnayder, Muna Tang
  • Patent number: 8862513
    Abstract: An application on user's mobile device (having a display screen) generates a transaction-specific barcode on the display, where the barcode contains a plurality of funding sources for the transaction and/or merchant loyalty, reward, or membership numbers. The barcode can be scanned to make purchases at a point of sale (POS).
    Type: Grant
    Filed: December 2, 2013
    Date of Patent: October 14, 2014
    Assignee: eBay Inc.
    Inventor: Catherine A. Wong
  • Patent number: 8849711
    Abstract: A graphic user interface is disclosed that combines a traditional trading, bookkeeping system or clearing system window with a detailed margin and/or collateral asset calculation analysis window on a single screen. The disclosed GUI provides the flexibility to analyze any combination of products or instrument classes such as single stock futures, futures (of all types), options (of all types), forward contracts, security options, securities and cash-based assets. Conventional systems merely block entry of orders beyond a predetermined credit limit or display clearing/bookkeeping information on all types of portfolio or accounts.
    Type: Grant
    Filed: January 7, 2005
    Date of Patent: September 30, 2014
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Dmitriy Glinberg, Tae S. Yoo, Jodi L. Abudarham, Dale A. Michaels
  • Patent number: 8838493
    Abstract: According to one embodiment of the invention, a financial instrument includes a first tax-deferred account and first, second, and third guarantees. The first tax-deferred account has an account balance based in part on a deduction from wages paid to an employee. The first guarantee is a guarantee of a first protected value based upon a deposit growing at a minimum growth rate The second guarantee is a guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of the employee. The third guarantee is a guarantee that the first protected value may be transferred with the first tax-deferred account to a separate financial instrument including a second tax-deferred account, a fourth guarantee of a second protected value, and a fifth guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of the employee.
    Type: Grant
    Filed: September 14, 2006
    Date of Patent: September 16, 2014
    Assignee: The Prudential Insurance Company of America
    Inventors: Peter C. Carlson, George A. Castinetras, Mark J. Foley, Nakia A. Kearse, James I. Mahaney, Douglas S. McIntosh, Jr., Richard G. Phipps, Jr., Brian Picard, Brent W. Walder
  • Patent number: 8838492
    Abstract: A system that generates a financial aid application. During operation, the system determines whether a person has authorized access to a tax return belonging to the person for purposes of generating a financial aid application. If so, the system retrieves the tax return for the person, extracts information about the person from the tax return, and uses the extracted information to populate one or more fields in the financial aid application.
    Type: Grant
    Filed: September 27, 2006
    Date of Patent: September 16, 2014
    Assignee: Intuit Inc.
    Inventor: Tristan C. Baker
  • Patent number: 8825541
    Abstract: A system and method is disclosed for determining performance bonds for fixed payoff products, i.e. contracts which payoff a fixed amount based on the outcome of an underlying event regardless of the value thereof. The worst outcome of the overall portfolio, which may contain more multiple instruments, is calculated, allowing the portfolio to have both long and short positions on the same underlying event and offsets among instruments within the portfolio. A universe of outcomes is constructed including single events with single outcomes, and the probability thereof, and single events with multiple outcomes, each with a probability thereof. Each outcome has an associated price and probability. Low probability events will have low values, resulting in a lower margin requirement. The margin requirement is then the amount of the maximum loss that the portfolio can sustain for any possible outcome of the underlying event, adjusted for the probability thereof.
    Type: Grant
    Filed: August 15, 2013
    Date of Patent: September 2, 2014
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Dmitriy Glinberg, Tae S. Yoo, Dale A. Michaels, Edward Gogol
  • Patent number: 8818878
    Abstract: An electronic commerce system includes a broker that enables customers to purchase items from multiple different merchants. A customer anonymously interacts with the merchants to identify items to purchase, and the merchants provide virtual shopping carts including the item and tax information to the broker. The tax information describes tax rates for the item in multiple jurisdictions. The broker determines the jurisdiction applicable to the customer by, for example, determining a shipping address for the customer. The broker uses the tax information and jurisdiction to calculate the taxes to collect for the item. The broker determines the total cost for the transaction, and conducts an electronic commerce transaction for the item with the customer.
    Type: Grant
    Filed: June 27, 2006
    Date of Patent: August 26, 2014
    Assignee: Google Inc.
    Inventors: Herbert G. Derby, Hubert M. Chao, Eugene Gluzberg, Stephen Stukenborg
  • Patent number: 8818888
    Abstract: One or more application providers supply primary data and user interface rendering information to a computing system. The computing system comprises modules that mange the received data and generate a user interface using the received rendering information. Data may be managed by resolving conflicts in the primary data as between the one or more application providers. Data may also be managed through the creation of derived data based at least in part on the received primary data. A user interface may be generated that has several applications displayed in an application cluster. The applications may be generated based on the rendering information. A user may interact with the user interface and may be able to edit the primary data. If the primary data is modified, the computing system communicates the modifications to the one or more application providers that supplied the original, primary data.
    Type: Grant
    Filed: June 27, 2013
    Date of Patent: August 26, 2014
    Assignee: ConsumerInfo.com, Inc.
    Inventors: Mark Joseph Kapczynski, Michael John Dean
  • Patent number: 8818826
    Abstract: A computer-based insurance claim processing system (500) provides for the formation and segregated storage of associations (510) that link various active insurance claims (506) to one another. In addition, if desired, the associations can comprise additional information regarding, for example, the nature or type of association and/or other information as a user may wish to include to inform, control, or otherwise characterize the association and/or the associated claims.
    Type: Grant
    Filed: April 24, 2013
    Date of Patent: August 26, 2014
    Assignee: Guidewire Software, Inc.
    Inventors: Sandia Ren, Allen Morano, Jeremy Shawn Henrickson, James Michael Burton
  • Patent number: 8812380
    Abstract: In an embodiment of the invention, a tax preparation method is implementable in an electronic system coupled to an electronic device, which is, in turn, coupled to a display device. A web page displayable on the display device is served to the electronic device. The displayed web page includes a user interface, which, in turn, includes a tab bar, with a plurality of tabs. In each tab at least one accordion is present. In each of the accordions there preferably exists at least one text box for explaining or receiving tax information, having a title, an input box and a flyout, the flyout providing tax assistance information to a the user. Once a desired amount of the text boxes have been completed and a completed tax document has been developed, a tax return may be filed with a government agency.
    Type: Grant
    Filed: August 14, 2007
    Date of Patent: August 19, 2014
    Assignee: HRB Digital LLC
    Inventors: David Kord Murray, Sarah Ann Lindquist, Charles Christopher Whelan
  • Patent number: 8812388
    Abstract: Systems and methods are provided for multi-style portfolio cash flow enhancement. The systems and methods include identifying a first set of one or more investment sleeves within an investment account as underweighted relative to a desired target and identifying a second set of one or more investment sleeves within the investment account as overweighted relative to the desired target, where the investment account includes a plurality of investment sleeves and where each investment sleeve includes at least one asset.
    Type: Grant
    Filed: March 16, 2007
    Date of Patent: August 19, 2014
    Assignee: Fiserv Investment Solutions, Inc.
    Inventors: Joseph Anthony Barone, Charles Raymond Smith, III, William McKinney, Hari Nanjundamoorthy
  • Patent number: 8812331
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. Disclosed embodiments involve a credit enhancement system and method relating to the manner in which insuring a project savings floor (i.e., a minimum level of return on investment for a given improvement project) can be realized in a better credit rating for bonds or loans associated with the improvement project. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to a system and method for establishing a rating system to determine the impact on an insured's credit risk.
    Type: Grant
    Filed: March 15, 2013
    Date of Patent: August 19, 2014
    Inventors: Richard B. Jones, Gregory M. Barats
  • Patent number: 8805708
    Abstract: The present disclosure generally relates to bio-sample, such as a dried blood spot (DBS) sample, a breath sample, an endothelial sample, saliva sample, etc., collection kits and identity authenticating mechanisms for the sample donors. The present disclosure further relates to systems and methods for generating biomarker data using bio-sample analysis information and authenticating information. The biomarker data may be used to determine an insurance score.
    Type: Grant
    Filed: October 23, 2013
    Date of Patent: August 12, 2014
    Assignee: State Farm Mutual Automobile Insurance Company
    Inventors: David Turrentine, Jeremy Myers, Abby Tohline, Angi Bobsin, Kelly S. Minter, Miranda Kemp, Larry J. Ingrum
  • Patent number: 8805719
    Abstract: Embodiments of the present invention relate generally to business methods and systems for retail marketing, and specifically to Retail Customer Referral Compensation Programs for using Performance-Driven criteria to award Production Points for determining a Referring Customer's position in a Performance-Driven Floating Matrix compensation and matching bonus plan in a retail marketing organization.
    Type: Grant
    Filed: December 6, 2007
    Date of Patent: August 12, 2014
    Assignee: Motherlode Network
    Inventors: J. Benjamin Tyler, Kenneth D. Roland, Thomas Thornton, DelMar P Williams, Kevin F. Baadsgaard
  • Patent number: 8805738
    Abstract: An apparatus and method for verifying a customer's financial information is disclosed wherein a seller accepts information about the details of price and quantity of the goods to be purchased, and accepts information about customer's financial account. Payment is authorized or processed for desired goods in a variable transaction amount that is not equal to the total price of the goods. Then the amount of the transaction is received from the customer and compared to the amount charged to the bank. If the two amounts match then the goods are shipped to the customer and if not already processed payment is settled.
    Type: Grant
    Filed: October 6, 2009
    Date of Patent: August 12, 2014
    Assignee: Kagi, Inc.
    Inventor: Stanton Kee Nethery, III
  • Patent number: 8799121
    Abstract: A method of determining whether to approve trading order requests is provided. A request to place a first trading order is received from a user using a trading account associated with the user. A risk value is determined for the first trading order. A plurality of balances associated with the trading account are determined. The balances may include an available cash balance, an available credit balance, and an available waived margin balance for the trading account. A determination of whether to approve the first trading order is made based at least in part on the risk value for the first trading order and the available cash balance, the available credit balance, and the available waived margin balance determined for the trading account. If the first trading order is approved, the first trading order is placed.
    Type: Grant
    Filed: April 23, 2004
    Date of Patent: August 5, 2014
    Assignee: Cantor Index, LLC
    Inventors: Dominic Crosthwaite, Lewis C. Findlay
  • Patent number: 8799157
    Abstract: An integrated bill management system and an associated method for use therewith are disclosed which can manage the delivery of, and handle the payments associated with, both outgoing invoices from businesses to their customers and incoming bills from vendors to the businesses. Invoices are presented to customers and payment by the customers is facilitated, and bills from the vendors are obtained and presented electronically to the businesses and paid electronically for the businesses. Invoices may be presented to the customers either electronically or in paper form, and electronic and paper payments from the customers may be processed by the system. Vendors may provide either electronic or paper bills, and payment to vendors may be processed electronically or in paper form.
    Type: Grant
    Filed: May 8, 2002
    Date of Patent: August 5, 2014
    Assignee: Metavante Corporation
    Inventors: Jeffrey S. Weisman, Dushyant Sharma, Murali Chirala, Hans E. Myklebust, John L. Watry
  • Patent number: 8788388
    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. Research analysts can use CSoW/CSoSW to provide a comprehensive and robust indication of the business prospects of a rated company.
    Type: Grant
    Filed: March 11, 2013
    Date of Patent: July 22, 2014
    Assignee: American Express Travel Related Services Company, Inc.
    Inventors: Siddhartha Chatterji, Kathleen Haggerty, Charles Christopher Lyon, Benedict O. Okoh, Robert E. Phelan, Jon Kevin Ruterman, Geraldine A. Turner, Chao M. Yuan, Arnab Biswas
  • Patent number: 8781941
    Abstract: Systems, methods, apparatus, computer program code and means for conducting repurchase transactions include identifying at least a first bank loan held by a first party. The at least first bank loan is transferred to a second party in exchange for a first sum, and the parties agree, at substantially the same time as the parties agree to the transfer, that the first party repurchases the first bank loan at a later date for a second sum. In some embodiments, reverse repurchases may also be performed.
    Type: Grant
    Filed: December 4, 2002
    Date of Patent: July 15, 2014
    Assignee: Goldman, Sachs & Co.
    Inventor: Damien Dwin
  • Patent number: RE45077
    Abstract: By providing a network photograph service, prompt service can be provided to a customer without losing the advantages of easier understanding of where to access when placing an order and easier collective data management. A service center receiving an order of a printing service, and a minilab or a special laboratory spread across a plurality of places, are able to communicate through a network. A center server in the service center selects and assigns which photo-finishing laboratory will print the ordered picture, in response to order information transferred from a customer via the network. Thus, the printing processing can be carried out by a photo-finishing laboratory specified by the customer, instead of at the center server.
    Type: Grant
    Filed: August 3, 2012
    Date of Patent: August 12, 2014
    Assignee: FUJIFILM Corporation
    Inventors: Kazuo Shiota, Nobuyoshi Nakajima, Shuichi Ohtsuka