Patents Examined by Thomas M Hammond, III
  • Patent number: 8781937
    Abstract: A method, system, and medium for recommending an optimal withdrawal amount, for a given period, from a retiree's portfolio accounts comprised of relatively risky and relatively safe financial assets used to finance retirement. The user supplies information about the retiree's personal characteristics, including age, gender, and health status. Details of the retiree's financial situation are also supplied, including the retiree's total liquid wealth, the current value of relatively risky and relatively safe assets, and any after-tax pension and other annuity income. Risk (standard deviation of return), return (expected rate of return based on a lognormal or other random distribution), or other measurable differentiating characteristics are retrieved for a portfolio comprised of relatively risky assets. A valuation rate is also retrieved.
    Type: Grant
    Filed: September 4, 2012
    Date of Patent: July 15, 2014
    Assignee: Qwema Group, Inc.
    Inventors: Moshe A Milevsky, Huaxiong Huang
  • Patent number: 8781933
    Abstract: Commercial size of spending wallet (“SoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“SoW”) is the portion of the spending wallet that is captured by a particular financial company. Commercial SoW is a modeling approach that utilizes various data sources to provide outputs that describe a company's spend capacity. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new account evaluation, and customer management across the lifecycle. Company financial statements are utilized to identify and calculate total business spend of a company that could be transacted using a commercial credit card. A spend-like regression model may then be developed to estimate annual commercial SoSW value for customers and prospects within a credit network.
    Type: Grant
    Filed: October 4, 2012
    Date of Patent: July 15, 2014
    Assignee: American Express Travel Related Services Company, Inc.
    Inventors: Kathleen Haggerty, Charles Christopher Lyon, Robert E. Phelan, Jon Kevin Ruterman, Geraldine A. Turner, Chao M. Yuan, Arnab Biswas
  • Patent number: 8775216
    Abstract: An insurance claim of an insured under a disability income insurance policy is processed. The policy contemplates that the insured has an occupation in which the insured performs a first set of duties and potentially other duties. In processing the insurance claim, the system and method focus on whether the insured is unable to perform the first set of duties. A threshold test may also be applied to ensure that the amount of the activities spent engaging in the first set of duties during a time period preceding a disability exceeds a threshold.
    Type: Grant
    Filed: September 22, 2010
    Date of Patent: July 8, 2014
    Assignee: The Northwestern Mutual Life Insurance Company
    Inventors: Carl G. Amick, John M. Grogan
  • Patent number: 8768780
    Abstract: An electronic product registration (ER) system which enables a retailer, preferable in cooperation with its vendors, to provide a customized return/warranty program for customers on a product-by product basis. The original policy(ies) in the ER system can be modified for a particular product and the modified policy is stored in the ER system so that the modified policy can be accessed if the product is again presented for a return/warranty transaction.
    Type: Grant
    Filed: July 12, 2013
    Date of Patent: July 1, 2014
    Assignee: Nintendo of America Inc.
    Inventors: Jon Pedersen, Peter J. Junger
  • Patent number: 8768793
    Abstract: A method of modifying an original transaction document of a computerized accounting system that includes a general ledger having original transaction postings corresponding to transactions contained in the original transaction document, a new transaction document is generated in response to a command to edit the original transaction document. Next, the new transaction document is modified and saved as a modified new transaction document. The original transaction postings in the general ledger are then nullified. Finally, transactions of the modified new transaction document are posted in the general ledger.
    Type: Grant
    Filed: March 18, 2004
    Date of Patent: July 1, 2014
    Assignee: Microsoft Corporation
    Inventors: John Kenneth Goldermann Thuneby, Hans Jørgen Grøn, Robert F. Blanch
  • Patent number: 8756135
    Abstract: A business object model, which reflects data that is used during a given business transaction, is utilized to generate interfaces. This business object model facilitates commercial transactions by providing consistent interfaces that are suitable for use across industries, across businesses, and across different departments within a business during a business transaction. In some operations, software creates, updates, or otherwise processes information related to a product valuation data and a product valuation level business object.
    Type: Grant
    Filed: June 28, 2012
    Date of Patent: June 17, 2014
    Assignee: SAP AG
    Inventors: Markus Klein, Wolfgang Barheine, Johannes Bedke, Ralf Dinkel, Jan Richert, Benjamin Ringl, Sascha Weber, Guimei Zhang
  • Patent number: 8751391
    Abstract: The invention relates to a method and process by which an existing and large network of devices can be used by consumers to authenticate themselves, and permits each consumer to apply any of the various payments mechanisms available to him. The existing broadly distributed network is active and passive radio frequency identification (“RFID”) devices held by consumers. Various types of accounts are linked to devices and allow users to perform various purchase transactions, as well as non-financial transactions.
    Type: Grant
    Filed: March 31, 2003
    Date of Patent: June 10, 2014
    Assignee: JPMorgan Chase Bank, N.A.
    Inventor: Peter C. Freund
  • Patent number: 8751388
    Abstract: In one embodiment, a method includes receiving a binding request for an on-demand identity product from a consumer. The method also includes attempting to provide the on-demand identity product. The method further includes, responsive to the binding request, ascertaining delayed-billing settings that are applicable to the on-demand identity product. In addition, the method includes delaying billing of the on-demand identity product until it can be confirmed that the identity-product provision system has complied with the delayed-billing settings.
    Type: Grant
    Filed: April 25, 2013
    Date of Patent: June 10, 2014
    Assignee: Csidentity Corporation
    Inventors: Isaac Chapa, Steven Hatley, Joe Ross
  • Patent number: 8751384
    Abstract: An integrated bill presentment and payment system and an associated method are disclosed which can accomplish the entire process of bill presentment and payment directly with billers, customers, and their respective financial institutions, but which are also capable of interfacing with independent biller service providers, independent customer service providers, independent consolidators, and/or independent payment providers. The integrated bill presentment and payment system and method of the present invention can link directly to billers and customers, and can also access and distribute billing information from third party biller service providers or consolidators and participate in the distribution of the billing information to customers through third party customer service providers and consolidators.
    Type: Grant
    Filed: May 8, 2002
    Date of Patent: June 10, 2014
    Assignee: Metavante Corporation
    Inventors: Hans E. Myklebust, Dushyant Sharma, Timothy J. Patneaude, Michael J. Kaminski, John L. Watry, Murali Chirala, Shankar Srinivasan
  • Patent number: 8751370
    Abstract: The disclosed embodiments provide tools for multi-broker order routing based on net position at a broker. The net position of a user at a broker to receive a portion of a trade order is considered when allocating the quantity for the trade order to multiple brokers.
    Type: Grant
    Filed: August 7, 2013
    Date of Patent: June 10, 2014
    Assignee: Trading Technologies International, Inc
    Inventors: Junsheng Cheng, Stephen P. Decker
  • Patent number: 8751325
    Abstract: A first user, second user, and third user are registered. Names of a first, second, and third item are stored a website for the first, second, and third users. The items can be tangible items or intangible items. The first user requests the second item. A first credit is removed from the first user and a second credit is stored for the second user when the first user receives the second item. The second user requests the third item. The second credit is removed from the second user and a third credit is stored for the third user when the second user receives the third item. The first credit, the second credit, and the third credit each represents a right to request a future swappable tangible or intangible item for the equivalent value of at least one previously swapped tangible or intangible item.
    Type: Grant
    Filed: September 16, 2013
    Date of Patent: June 10, 2014
    Assignee: National Book Swap, LLC
    Inventor: Richard Pickering
  • Patent number: 8744948
    Abstract: A method for obtaining financial data for use in a financial return of a tax paying entity, including: obtaining credentials of the tax paying entity; determining, by a computer processor, that the financial data is available for download from a data provider; sending a first text message to a mobile device of the tax paying entity indicating that the financial data is available for download; receiving, from the mobile device, a second text message requesting to import the financial data into the financial return; sending, to the data provider, a request to download the financial data, where the request includes the credentials; downloading, after sending the request, the financial data into a data repository; and sending, after downloading the financial data, the financial data to a tax preparation application, where the financial data is imported by the tax preparation application into the financial return.
    Type: Grant
    Filed: January 11, 2012
    Date of Patent: June 3, 2014
    Assignee: Intuit Inc.
    Inventors: Richard E. McVickar, Takashi Kuwahara, Azhar M. Zuberi, Christopher Morgan Dye
  • Patent number: 8732766
    Abstract: Methods, and systems, including computer programs encoded on computer-readable storage mediums, including a method for presenting a video content item in a first display area; concurrently presenting, with the video content item in the first display area, objects that are displayed during the presentation of the video content item in a second display area, wherein the objects persist in the second display area after the object is no longer displayed during the presentation of the video content item in the first display area; receiving an indication identifying one of the objects presented in the first display area or the second display area; and processing a tag associated with the object, the tag comprising a reference to a media item, wherein the processing comprises: accessing the media item referenced by the tag; and presenting the media item at least partially in the first display area or the second display area.
    Type: Grant
    Filed: June 7, 2012
    Date of Patent: May 20, 2014
    Assignee: Google Inc.
    Inventors: Michael Fink, Ran Tavory, Tamar Rachel Kolodny, Natalia Marmasse
  • Patent number: 8732084
    Abstract: Methods, systems, and machine-readable media are disclosed for identification of an individual and evaluation of risk from doing business with that individual. In one embodiment a method of evaluating a risk from conducting business with an individual comprises receiving identity information related to the individual. The identity information includes information from an identity credential presented by the individual. The identity credential is validated based on the information from the identity credential and one or more positive databases. An identity of the individual is verified based on the identity information and the one or more positive databases. The identity information is screened against one or more negative databases indicating past losses to one or more entities. Results of the screening are reported based on one or more criteria of an entity considering doing business with the individual.
    Type: Grant
    Filed: September 14, 2012
    Date of Patent: May 20, 2014
    Assignee: Early Warning Services, LLC
    Inventors: Julie McNelley, Ryan Talbert, Mike Gross
  • Patent number: 8725562
    Abstract: A method of providing a keyword advertisement and a system for executing the method are provided. The method of providing the keyword advertisement includes: generating and maintaining an advertiser history ranking by using an advertiser keyword purchase history; and ordering the keyword advertisement display with respect to a user keyword by using the advertiser history ranking. In this instance, the advertiser keyword purchase history includes mapping information between an advertiser and a keyword purchased by the advertiser for each advertisement group or for each advertisement campaign.
    Type: Grant
    Filed: March 28, 2008
    Date of Patent: May 13, 2014
    Assignee: NHN Business Platform Corporation
    Inventors: Ki Ho Song, Minuk Kim, Byounghak Kim
  • Patent number: 8725616
    Abstract: A system and method for conducting a home equity sales (HES) program enables a real estate property owner to sell a partial equity ownership interest in a real estate property. This allows the property owner to sell the interest outright to an investor and receive compensation for the sale of the interest. The property interests of the property owner and the investor are both recorded in property records relating to that particular property. The property owner may sell multiple interests in the same property and an investor may also purchase these multiple interests.
    Type: Grant
    Filed: March 19, 2008
    Date of Patent: May 13, 2014
    Assignee: Home Equity Securities, LLC
    Inventor: Nelson Schneider
  • Patent number: 8719059
    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. 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 insuring a minimum return on investment for an insured.
    Type: Grant
    Filed: April 27, 2012
    Date of Patent: May 6, 2014
    Assignee: Hartford Steam Boiler Inspection and Insurance Company
    Inventors: Richard B. Jones, Gregory M. Barats
  • Patent number: 8719140
    Abstract: The claimed invention relates to an adjustable derivative contract. Particularly a method and system for adjusting the derivative contract to account for time value of money due to an occurrence of a corporate event that affects the value of the derivative contract. The claimed method and system allocates distributions amongst different derivative contracts, each derivative contract representing a different economic interest of at least two shares of an underlying security. The claimed invention uses the concepts of present and future values to value derivative contracts in order to more fairly and accurately represent the interests of the various holders of such derivative contracts upon the occurrence of a corporate event affecting the value of these derivative contracts.
    Type: Grant
    Filed: May 24, 2012
    Date of Patent: May 6, 2014
    Inventors: Peter A. Broms, Andrew M. Scott
  • Patent number: 8719138
    Abstract: A system and method for ETF investing that provides a primary exchange traded fund (PETF) that comprises a plurality of shares, wherein the primary exchange traded fund comprises investments in a plurality of secondary exchange traded funds (SETF). The system and method enable intraday, or other periodic, trading of a variable number and type of ETFs through a single ETF, based on one or more categories and factors including, but not limited to, real-time NAVs.
    Type: Grant
    Filed: September 2, 2009
    Date of Patent: May 6, 2014
    Assignee: State Street Corporation
    Inventor: Sean P. Brennan
  • Patent number: 8719128
    Abstract: The handling of accounts and account transactions are implemented using a variety of different systems and methods. According to one embodiment a computer-facilitated system is implemented for handling accounts held by a user at a financial institution and an educational institution. A first database stores account balance information associated with a first account held at one of the institutions. A second database stores account balance information associated with a second account held at the other institution. Logic, located at one institution, encrypts an identifier of the first account, associates a resulting encrypted identifier with the second account and decrypts the encrypted identifier. A database interface transmits the encrypted identifier to the second database for storage. A user interface provides the user with the account balance information associated with the accounts in response to the logic decrypting the encrypted identifier.
    Type: Grant
    Filed: December 14, 2007
    Date of Patent: May 6, 2014
    Assignee: TCF Financial Corporation
    Inventors: Gene Allen, Kevin Kuntz