Patents Examined by Thomas M Hammond, III
  • Patent number: 8571927
    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 compensation structure and matching bonus plan in a retail marketing organization.
    Type: Grant
    Filed: September 16, 2011
    Date of Patent: October 29, 2013
    Assignee: Motherlode Network
    Inventors: J. Benjamin Tyler, Kenneth D. Roland, Thomas Thornton, DelMar P. Williams, Kevin F. Baadsgaard
  • Patent number: 8571928
    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: September 16, 2011
    Date of Patent: October 29, 2013
    Assignee: Motherlode Network
    Inventors: J. Benjamin Tyler, Kenneth D. Roland, Thomas Thornton, DelMar P. Williams, Kevin F. Baadsgaard
  • Patent number: 8566198
    Abstract: A database used by a consumer reporting agency for storing application information data in association with transaction and experience information. A consumer applying for credit submits personal and financial information either verbally or by filling out a form. The application information data submitted verbally or by a form is submitted by an institution along with a request for a credit report on the consumer. The consumer reporting agency receives the request and stores the application information separately from the transaction and experience information. Each time an institution submits application information data related to the consumer, the data is accumulated in successive records and maintained. In response to a request for a report on a consumer, the consumer reporting agency forwards a response based on the application records accumulated.
    Type: Grant
    Filed: February 13, 2012
    Date of Patent: October 22, 2013
    Assignee: Innovis Data Solutions, Inc.
    Inventors: William H. Price, Jonathan H. Price
  • Patent number: 8560425
    Abstract: The invention provides a method and system for providing liquidity to an alternative investment fund, such as to address the problem of illiquidity for investors in primary funds such as alternative investment funds. The transaction system includes investors in an alternative investment fund, a manager of the fund, and a structure that provides liquidity to investors who are otherwise saddled with illiquid ownership interests in the fund. The structure provides a fund investor with an option to designate some of the investor's interest in the fund to the structure, which will provide a preferred cash flow to the structure and which will provide immediate funds to the investor. In one aspect of the invention, the liquidity-providing structure is implemented using a trust to which the investor assigns his interest. The goal of the invention is to provide liquidity to investors of otherwise illiquid assets.
    Type: Grant
    Filed: December 10, 2002
    Date of Patent: October 15, 2013
    Assignee: JPMorgan Chase Bank, N.A.
    Inventor: Peter C. Freund
  • Patent number: 8560411
    Abstract: A computerized system and method are presented for exchanging information between a buyer, a seller, and a lender. The system permits sellers and lenders to input buyers that are then submitted for activation. The buyers use the system to obtain information about items, while the sellers and lenders make consistent contact with the buyer in order to work with the buyer. Information about the buyers is shared with both the sellers and the lenders. A business plan is also input into the computerized system by the financial institution employing the lender. This business plan includes goals for numbers of sellers and buyers using the system, and for loan officer candidates to be recruited. Activity on the computerized system is calculated for compliance with the business plan. Feedback is provided to management relating to whether the business plan is being met.
    Type: Grant
    Filed: April 12, 2006
    Date of Patent: October 15, 2013
    Assignee: Preferred Home Buyers Network, Inc.
    Inventors: Stephen M. Polston, Aaron Matthew Vennie, Jeffery Matthew Colville, Michelle Patrice Hiller, Joan Marie Skallman, Ronald J. Steele, Michael K. Ross
  • Patent number: 8560421
    Abstract: Disclosed is a system and method for the real-time evaluation of financial instruments such as contracts. When a financial instrument is created, all risks associated with the instrument are entered into the system and updated as necessary. This way, any participant in the system has the same access to the risk factors and valuation of the instrument. This increases liquidity and tracks risks and associated values even as derivative instruments are created.
    Type: Grant
    Filed: August 27, 2010
    Date of Patent: October 15, 2013
    Assignee: Marketcore.com, Inc.
    Inventor: Michael David Erlanger
  • Patent number: 8560386
    Abstract: Systems and methods for selecting advertisements for presentation in a map space are disclosed. Map requests are received, map spaces identified, advertisement bids are received for advertisement space within the map spaces, and advertisements are selected for presentation in the map space based on the advertisement bids. The advertisement bids can be selected through an auction.
    Type: Grant
    Filed: June 1, 2012
    Date of Patent: October 15, 2013
    Assignee: Google Inc.
    Inventors: Brandon Badger, James E. Payne, Michael S. Perrow
  • Patent number: 8554584
    Abstract: The interactive credential system and method has a database containing employee-employer-applicant surveyed information, industry specific criteria, such as insurance loss history and account performance, an authorization code for authorizing access to the database and a control device, operatively associated with the database, for presenting weighted scores. The system further includes a surveyed party processor operatively associated with the control device, and wherein the surveyed party processor is capable of transmitting the authorization code to view the surveyed information. The system also has a participant processor that is capable of requesting authorization to download the employee-employer-applicant information, including weighted scores computed from the system's algorithms processed from industry specific parameters.
    Type: Grant
    Filed: September 24, 2010
    Date of Patent: October 8, 2013
    Assignee: Hargroder Companies, Inc
    Inventor: Dwayne Paul Hargroder
  • Patent number: 8554668
    Abstract: There is provided a financial transaction payment method and system for processing a transaction conducted using a financial transaction card. The financial transaction card has associated therewith a financial account in a financial institution and one or more transaction criteria. The financial transaction payment system includes a processing unit and an application program for execution on the processing unit. The method includes the step of determining by the application program whether a transaction activates an installment loan on the financial account based on the one or more transaction criteria.
    Type: Grant
    Filed: August 9, 2004
    Date of Patent: October 8, 2013
    Assignee: MasterCard International Incorporated
    Inventor: Edward J. Hogan
  • Patent number: 8554588
    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 systems and products for providing a computer implemented insurance product.
    Type: Grant
    Filed: April 27, 2012
    Date of Patent: October 8, 2013
    Assignee: Hartford Steam Boiler Inspection and Insurance Company
    Inventors: Richard M. Jones, Gregory M. Barats
  • Patent number: 8554589
    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 method for pricing an insurance policy for insuring a minimum level of return on investment.
    Type: Grant
    Filed: April 27, 2012
    Date of Patent: October 8, 2013
    Assignee: Hartford Steam Boiler Inspection and Insurance Company
    Inventors: Richard B. Jones, Gregory M. Barats
  • Patent number: 8548833
    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 systems and methods for determining optimal risk acceptance values associated with implementing an economic improvement plan for a facility.
    Type: Grant
    Filed: April 27, 2012
    Date of Patent: October 1, 2013
    Assignee: Hartford Steam Boiler Inspection and Insurance Company
    Inventors: Richard B. Jones, Gregory M. Barats
  • Patent number: 8538870
    Abstract: An electronic transaction method, funds transfer apparatus and method for facilitating a funds transfer. The methods comprise sending information from a purchaser or payor to a funds transfer system separate from a vendor system or payee, validating and confirming personal financial information at the funds transfer system, and transferring funds from a purchaser or payor account to the vendor or a payee account without exposing either party's financial and account information to the other. Additionally, a funds transfer apparatus is disclosed comprising connections to a payor and payee system and mechanisms for receiving and validating party and transaction information and a mechanism for transferring funds from one party to the other.
    Type: Grant
    Filed: March 13, 2008
    Date of Patent: September 17, 2013
    Assignees: First Data Corporation, The Western Union Company
    Inventors: Terry Allen-Rouman, Jack Michael Arrington, Keval Desai, Robert Edwin Dravenstott, Wendy D. Larson, Scott J. Levokove, John Joseph Mascavage, III, Peter Eric Philipp, Margaret Morgan Weichert
  • Patent number: 8538852
    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: November 16, 2012
    Date of Patent: September 17, 2013
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Dmitriy Glinberg, Tae S. Yoo, Dale A. Michaels, Edward Gogol
  • Patent number: 8538859
    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: January 22, 2012
    Date of Patent: September 17, 2013
    Assignee: National Book Swap, LLC
    Inventor: Richard Pickering
  • Patent number: 8533093
    Abstract: A new type of general obligation bond, called Ed-Tech bonds, is structured to provide on-going funding for a district's technology needs, match the term of the underlying bonds to the useful short-term life of technology assets to be purchased with bond proceeds, and address federal restrictions regarding use of bond proceeds. Further, techniques are described for determining the appropriate financing parameters for the Ed-Tech bonds.
    Type: Grant
    Filed: September 7, 2012
    Date of Patent: September 10, 2013
    Assignee: Dale Scott & Co., Inc.
    Inventor: Dale Scott
  • Patent number: 8533104
    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: October 7, 2011
    Date of Patent: September 10, 2013
    Assignee: Trading Technologies International, Inc
    Inventors: Junsheng Cheng, Stephen P. Decker
  • Patent number: 8533111
    Abstract: A system and method for providing promotional pricing is disclosed. One or more pricing offers may be provided to a plurality of credit accounts, wherein the pricing offers may be directed to transactions associated with particular products and/or merchants. It may be determined whether a transaction associated with a credit account qualifies for certain pricing offers based on predetermined criteria. A balance incurred through a transaction may be assigned to a promotional bucket associated with a particular pricing offer if the transaction qualifies for the particular pricing offer, or the balance may be assigned to a default bucket if the transaction does not qualify for any pricing offer, thereby causing a total balance to be distributed among the default bucket and the promotional buckets. Payments associated with the credit account may be allocated to the default bucket and the one or more promotional buckets according to a payment hierarchy.
    Type: Grant
    Filed: June 23, 2008
    Date of Patent: September 10, 2013
    Assignee: JPMorgan Chase Bank, N.A.
    Inventors: Stacy M. Hamilton, Janet L. Rossiter
  • Patent number: 8527382
    Abstract: A asset planning and tracking system plans and tracks progress towards a savings goal and analyzes the consumption of assets that are being used to satisfy the savings goal. The system may further be configured to analyze a user's periodic (e.g., monthly, quarterly, yearly) transactions and provide suggested transactions if the user has excess income for the period. An asset planning and tracking system may be implemented in the context of a retirement planning system to aid a non-retired user in planning for his or her retirement and to aid a retired user in tracking the consumption of retirement assets.
    Type: Grant
    Filed: December 17, 2003
    Date of Patent: September 3, 2013
    Assignee: FMR LLC
    Inventors: John McDonough, Steve Elterich
  • Patent number: 8515807
    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 creating a Position Changing Point Driven matrix and determining a Referring Customer's position and compensation within that matrix.
    Type: Grant
    Filed: September 16, 2011
    Date of Patent: August 20, 2013
    Assignee: Motherlode Network
    Inventors: J. Benjamin Tyler, Kenneth D. Roland, Thomas Thornton, DelMar P. Williams, Kevin F. Baadsgaard