Patents Examined by Thu-Thao Havan
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Patent number: 8639611Abstract: An automated securities order execution system includes order entering means for a client to enter an order and at least one filtering means for determining whether the order can be automatically executed. Routing means are used for routing the order to a destination based upon the determination made by each of the filtering means. After the order has been properly routed, the order is executed and the result of the order execution is reported to the client.Type: GrantFiled: July 2, 2012Date of Patent: January 28, 2014Assignee: Goldman, Sachs & Co.Inventor: Asif Adatia
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Patent number: 8639607Abstract: An anonymous trading system for financial instruments comprises a network of broking nodes each performing a bid and offer matching function and a market view distribution function. Trader terminals are connected to the network via trading agent nodes. During deal execution a credit check is performed and once the deal is complete the identity of the counterparty becomes known to the other counterparty to the deal. The originating counterparty may send a More quantity message to the other party proposing a further deal at the same price. The other party may decline, partially accept, accept or accept and propose a still further amount. Credit for the further deal is drawn from an external source and the internal credit limits are temporarily increased or disabled to prevent the deal from being rejected.Type: GrantFiled: September 27, 2010Date of Patent: January 28, 2014Assignee: EBS Group LimitedInventors: August M. Hochenberger, Edward R. Howorka, Neena Jain, John C. Gaudio, John R. Capuano, Gregory Mills, Srivathsan Krishnasami
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Patent number: 8635134Abstract: Systems and methods for optimizations involving insufficient funds conditions are provided. An identification of a first account of a customer of a financial institution may be received by a financial system comprising one or more computers. The first account may be a deposit account at the financial institution. Interest income and non-interest income attributable to one or more of a plurality of accounts, including the first account, that the customer has with the financial institution may be analyzed by the financial system. Based at least in part on the analyzed interest income and non-interest income, a recommended next action associated with the first account may be determined by the financial system. The recommended next action may be associated with an actual or potential insufficient funds (NSF) condition associated with the first account.Type: GrantFiled: September 7, 2011Date of Patent: January 21, 2014Assignee: Fiserv, Inc.Inventors: David T. Rose, Donald Henry Hopper, Jr., Kejun Zhang
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Patent number: 8635152Abstract: A mechanism is provided for deploying software applications in a cloud computing environment. An administrator is provided an interface for allowing a software application that is designed for a single tenant to be used by a plurality of users. An aspect of the invention is to provide a mechanism for quickly and easily giving multi-user qualities to a single tenant application like autoCAD. As such, multiple users can access the application without the need to download and install a version locally on their system. The system is able to determine the period of time for which an application is in use for a given user, because every application is run on a resource that is part of the cloud environment. Therefore, it is possible for the application provider to charge for the application in a usage-based model—e.g. by the hour, or day—without any re-engineering of the existing application.Type: GrantFiled: September 14, 2011Date of Patent: January 21, 2014Assignee: Microsoft CorporationInventors: Manuvir Das, Sudarshan Yadav, Arvind Kandhare, Sanjay Malpani, Ravi K. Balachandran, Adam Herscher, Nelamangal K. Srinivas, Rochak Mittal
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Patent number: 8635156Abstract: Systems, apparatuses and methods are described for remotely processing paper invoices online. In an aspect, a method comprises receiving by a computing device, an electronic image representative of an invoice associated with a user of the device and a payee, sending the electronic image of the invoice to an online accounting system, wherein the online accounting system converts the electronic image of the invoice into an electronic form, accessing accounts associated with the user of the device, accessing the electronic form of the invoice, and authorizing payment of the invoice, including authorizing electronic transfer of money from at least one of the accounts to the payee. The method can further include receiving a list of payees, selecting the payee from the list of payees, and sending the selection of the payee to the online accounting system, wherein the online accounting system links the payee to the invoice.Type: GrantFiled: September 6, 2011Date of Patent: January 21, 2014Assignee: Rawllin International Inc.Inventors: Ilya Oskolkov, Rodion Shishkov
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Patent number: 8626627Abstract: Systems and methods for providing online promotions integrated with social network-based platforms are disclosed. Promotion details such as rules, offered prizes, incentives and descriptions, survey questions, display banners, terms and conditions, privacy policy, and social networks to integrate the promotion with, are provided by the sponsoring organization to a server. The server generates a custom promotion application or widget for integrating with the organization's social network webpage external to social networks. A participant enters the promotion through these webpages or other links and lists friends in the social network to receive an invitation to enter the promotion.Type: GrantFiled: April 20, 2012Date of Patent: January 7, 2014Assignee: Google Inc.Inventors: Victoria Ransom, Alain Chuard
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Patent number: 8626648Abstract: A system and a method for performing purchase transactions over a network are provided. The system includes a server controlled by a service provider, including a link to a network; a processor circuit, the processor circuit configured to receive purchase requests from a mobile phone, and to transfer funds from a user account to a vendor account; and a memory circuit storing a plurality of mobile phone numbers and a plurality of personal identification numbers (PINs), wherein each mobile phone number and PIN is associated with a user account. A non-transitory machine-readable medium may include a plurality of machine-readable instructions which when executed by one or more processors of a server controlled by a service provider are adapted to cause the server to perform a method as above.Type: GrantFiled: December 17, 2012Date of Patent: January 7, 2014Assignee: Ebay Inc.Inventor: Subha Gopalakrishnan
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Patent number: 8626641Abstract: A supply of a commodity is owned by an investment vehicle. A sponsor of the investment vehicle receives a delivery application. A custodian stores the supply of the commodity as a collection of first physical units. A commodity dealer specializing in trading the commodity agrees to conduct trades with the sponsor to convert a first quantity of the supply for a second quantity of the commodity. A broker dealer trades shares of the investment vehicle. The delivery application is provided by a shareholder, and specifies a physical format for the second quantity of the commodity.Type: GrantFiled: March 15, 2013Date of Patent: January 7, 2014Assignee: Merk Investments LLCInventor: Alexander Merk
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Patent number: 8626625Abstract: Systems and methods are provided for processing mass quote messages and generating market data. A mass quote message is received and individual orders are parsed and processed. Individual market data messages are stored in a market data message buffer. After all orders are processed, the contents of the market data message buffer is distributed as a single market data message.Type: GrantFiled: June 24, 2011Date of Patent: January 7, 2014Assignee: Chicago Mercantile Exchange Inc.Inventors: Ron Newell, Vijay Menon, Fred Malabre, Joe Lobraco
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Patent number: 8620800Abstract: Methods, systems, and techniques for estimating patent infringement risk for a company using a statistical model of revenue are provided. Examples also provide a Patent Infringement Risk Assessment Tool, which uses these techniques to enable users to dynamically modify certain parameters and obtain a feel for their affect upon patent infringement risk exposure. Other examples describe the applicability of some of the methods and techniques for describing models of overall behavior when only the behavior of a segment at either the low end or high end (a tail) is known.Type: GrantFiled: September 12, 2011Date of Patent: December 31, 2013Assignee: IVP Holdings III LLCInventors: Fadi Micaelian, Matt Huey, Richard Schank, Sanjay Prasad, Gregory D. Gorder
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Patent number: 8620790Abstract: A mobile payment transaction aggregator designed to identify, on a per transaction basis, a payment processor from a plurality of available payment processors with the lowest processing fee for the given transaction. Additionally, the aggregator may bundle multiple payment transactions of a single consumer across multiple merchants for additional savings.Type: GrantFiled: July 11, 2013Date of Patent: December 31, 2013Assignee: SCVNGRInventor: Seth Priebatsch
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Patent number: 8615460Abstract: A computer-based method for determining a value of an index-offset deposit product, having a principal amount, a term, a specified guaranteed amount, and an index credit comprising the step of setting trial values for fixed-income-linked crediting parameters for the product implying an expected fixed-income-linked credit component at the end of the term. The method further comprises the steps of determining a cost for an option paying an index-linked credit component such that a composite index credit together with the principal is at least equal to a specified guaranteed amount.Type: GrantFiled: February 20, 2013Date of Patent: December 24, 2013Assignee: Genesis Financial Development, Inc.Inventors: Richard C. Payne, John A. Rose, Marc G. Verrier
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Patent number: 8606698Abstract: In connection with a sales transaction, an electronic receipt is issued to the buyer that includes hyperlinks. A hyperlink can be associated with post-sale interaction with the product seller, the product manufacturer or parties acting on their behalf that involves the product itself, such as a product return procedure, a product warranty procedure, receiving rebate notices and recall notices, product registration procedures and similar functions.Type: GrantFiled: May 28, 2009Date of Patent: December 10, 2013Assignee: Afterbot, Inc.Inventors: R. Steven Schultz, Peter Galanis, James G. Nadler, James D. Greeno, Duane A. Hylton
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Patent number: 8600866Abstract: An embodiment of the present invention provides a system, method, process, software and standards that enable a unified trading and control process utilized by sponsoring organizations and asset managers (money managers) for sub advised or externally managed investment portfolios as to increase control over the trading process by a sponsoring organization, enhance regulatory compliance, substantially lower trading costs and improve investment performance on a recurring basis for the shareholders and beneficiaries investing in registered and non registered mutual funds and institutional investment portfolios.Type: GrantFiled: September 24, 2012Date of Patent: December 3, 2013Assignee: UAT, Inc.Inventors: Allan T. Chiulli, Tom H. Warren
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Patent number: 8600855Abstract: Systems and methods are presented for determining risk levels for consumer-to-consumer (C2C) transactions on brokering websites. The risk levels can be based on payment processing network (e.g. Visa) account data as well as external data, such as geo-location using IP addresses, fraud bureau data, and star ratings. The buying and selling consumers can have multiple risk scores for each transaction, such as a fraud, credit, return/chargeback, dissatisfaction, product misuse, nonreturnable, and defect risk scores. The buying and selling consumers can trade their risk levels before proceeding with the transaction.Type: GrantFiled: July 27, 2010Date of Patent: December 3, 2013Assignee: Visa International Service AssociationInventors: Michelle Winters, Kevin Siegel, Charles Byce
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Patent number: 8600867Abstract: An embodiment of the present invention provides a system and method for a sponsoring organization to: (1) utilize a rules-based computer system to capture trade orders from sub-advisors (money management firms) in order to implement a pre trade compliance review process, thereby enabling the sponsoring organization to prevent the execution of trade orders by a sub advisor that violates securities laws and/or account restrictions; and (2) determine and assign, based on expected market impact of a trade order to buy or sell securities, whether responsibility (discretion over the decisions related to how, when and with whom a trade order is executed) for executing the trade order is assigned to the money management firm for an investment portfolio or to the sponsoring organization of that portfolio. Trade orders are categorized in real-time as “high touch” (significant effort and market impact) or “low touch” (insignificant effort and market impact).Type: GrantFiled: October 1, 2012Date of Patent: December 3, 2013Assignee: UAT, Inc.Inventors: Allan T. Chiulli, Tom H. Warren
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Patent number: 8595126Abstract: A system and method for factoring in a trader's trading activity into the margin requirements is disclosed. In the securities arena, day traders are assessed different margins than non-day-traders, however, the specific profile of the trader is analyzed (that is, the same rule applies to all day traders).Type: GrantFiled: October 11, 2012Date of Patent: November 26, 2013Assignee: Chicago Mercantile Exchange Inc.Inventors: Dmitriy Glinberg, Tae S. Yoo, Jodi L. Abudarham, Dale A. Michaels
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Patent number: 8595107Abstract: A method is disclosed for converting a third-party owned life insurance policy from being guaranteed by an insurance carrier's general account to a life insurance policy guaranteed by the insurance carrier's separate account. An insurance carrier receives a request from a policy owner to convert the account from being backed by the general account to being backed by a separate account. The insurance carrier transfers cash or assets in an amount equal to the policy value of the life insurance policy from the general account to the separate account. The insurance carrier issues an endorsement to the policy owner amending the policy. In a preferred embodiment, the owner of the third-party life insurance policy is a bank.Type: GrantFiled: September 9, 2011Date of Patent: November 26, 2013Assignee: Midland National Life Insurance CompanyInventor: Joseph Edward Paul
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Patent number: 8595117Abstract: A method for providing a financial instrument includes providing a processor. The method also includes generating, using the processor, an annuity comprising a fluctuating annuity payment and an option to fix the fluctuating annuity payment and setting a payment schedule for the fluctuating annuity payment.Type: GrantFiled: July 2, 2012Date of Patent: November 26, 2013Assignee: United Services Automobile Association (USAA)Inventors: Lisa Ellis Schwartz, Phillip Neil Beyer, Douglas Irby Ward, Christopher Charles Ogburn, John Dale Hegstrom, Ronald Bryan Sweet, Sarah Brooke Severson, Robert J. Schaffer, III, Christopher P. Keene
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Patent number: 8583532Abstract: A method for determining an earnings portion of a distribution from a 529 plan. The method includes receiving information associated with a plurality of 529 plan accounts, identifying related 529 plan accounts, aggregating the information for related 529 plan accounts, and determining an earnings portion of a distribution from at least one of the 529 plan accounts.Type: GrantFiled: January 11, 2012Date of Patent: November 12, 2013Assignee: BNY Mellon Distributors Holdings Inc.Inventors: Alexandra S. Sanders, David M. Gauntt, Sara Geraghty, Bryan E. Anderson, Timothy B. Calderara, Erica Kuharich, Mohan N. Pandhare, Luther Townsend