Patents by Inventor Adam Coyle
Adam Coyle has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Publication number: 20140019354Abstract: Embodiments relate to a cash card and associated systems and processes. An account structure is provided that allows a non-bank entity to indirectly provide direct deposit capabilities for funds representing pre-payments for negotiable instruments. When a direct deposit of funds into a first account associated with the individual and maintained by a first entity is detected, the total amount of the funds is transferred into a second account associated with the individual and maintained by a second entity. The first entity is a bank or other financial institution subject to federal banking regulations, while the second entity is not subject to federal banking regulations. The individual may withdraw the funds from the second account by requesting the issuance of negotiable instruments. Negotiable instruments may be issued in any dollar amount not exceeding the balance of the second account. A properly enrolled customer may make subsequent deposits into the second account.Type: ApplicationFiled: July 8, 2013Publication date: January 16, 2014Inventors: Adam Coyle, Terri Anuszewski, Bruce Coleman, Thomas Norton, Doug McNary
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Patent number: 8533120Abstract: Anonymous transactions regarding prepaid negotiable instruments may be conducted. An anonymous account may be provided that is identified by an account number. Upon verification of a PIN and the account number, an individual is authorized to make an initial deposit of funds into the anonymous account, representing a pre-payment for negotiable instruments. The individual is thus authorized to request the issuance of negotiable instruments in an amount not exceeding the initial deposit of funds. When the issuance of negotiable instruments has depleted the initial deposit of funds, the anonymous account is closed. However, the anonymous account may be converted into a non-anonymous account, capable of accepting subsequent deposits, if the individual provides personal identifying information.Type: GrantFiled: January 17, 2012Date of Patent: September 10, 2013Assignee: The Western Union CompanyInventors: Adam Coyle, Terri Anuszewski, Bruce Coleman, Thomas Norton, Doug McNary
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Publication number: 20130066779Abstract: Anonymous transactions regarding prepaid negotiable instruments may be conducted. An anonymous account may be provided that is identified by an account number. Upon verification of a PIN and the account number, an individual is authorized to make an initial deposit of funds into the anonymous account, representing a pre-payment for negotiable instruments. The individual is thus authorized to request the issuance of negotiable instruments in an amount not exceeding the initial deposit of funds. When the issuance of negotiable instruments has depleted the initial deposit of funds, the anonymous account is closed. However, the anonymous account may be converted into a non-anonymous account, capable of accepting subsequent deposits, if the individual provides personal identifying information.Type: ApplicationFiled: January 17, 2012Publication date: March 14, 2013Applicant: THE WESTERN UNION COMPANYInventors: Adam Coyle, Terri Anuszewski, Bruce Coleman, Thomas Norton, Doug McNary
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Publication number: 20120101909Abstract: Embodiments relate to a cash card and associated systems and processes. An account structure is provided that allows a non-bank entity to indirectly provide direct deposit capabilities for funds representing pre-payments for negotiable instruments. When a direct deposit of funds into a first account associated with the individual and maintained by a first entity is detected, the total amount of the funds is transferred into a second account associated with the individual and maintained by a second entity. The first entity is a bank or other financial institution subject to federal banking regulations, while the second entity is not subject to federal banking regulations. The individual may withdraw the funds from the second account by requesting the issuance of negotiable instruments. Negotiable instruments may be issued in any dollar amount not exceeding the balance of the second account. A properly enrolled customer may make subsequent deposits into the second account.Type: ApplicationFiled: December 12, 2011Publication date: April 26, 2012Applicant: THE WESTERN UNION COMPANYInventors: Adam Coyle, Terri Anuszewski, Bruce Coleman, Thomas Norton, Doug McNary
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Patent number: 8099359Abstract: Systems and methods for issuing negotiable instruments by a non-bank entity such as a Licensed Money Transmitter, from direct deposits to a regulated financial institution. A customer arranges for direct deposit of funds to a regulated financial institution, such as a bank, that can receive direct deposits. When a direct deposit of funds into an account associated with the customer at the regulated financial institution is detected, the funds are swept into a second, transaction account maintained by the Licensed Money Transmitter. The customer requests issuance of a negotiable instrument from the Licensed Money Transmitter for withdrawing funds or directing that payments be made. The Licensed Money Transmitter, which maintains a network of agent terminals at various locations for disbursing funds to authorized recipients, is responsive to the request for a negotiable instrument for issuing a prepaid negotiable instrument or making payments for the benefit of the customer.Type: GrantFiled: April 19, 2000Date of Patent: January 17, 2012Assignee: The Western Union CompanyInventors: Adam Coyle, Terri Anuszewski, Bruce Coleman, Thomas Norton, Doug McNary
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Patent number: 7720755Abstract: A card-based system for a non-bank entity to indirectly provide direct deposit capabilities for funds representing pre-payments for negotiable instruments. When a direct deposit of funds into a first account associated with the individual and maintained by a first entity is detected, the total amount of the funds is transferred into a second account associated with the individual and maintained by a second entity. The first entity is a bank or other financial institution subject to federal banking regulations, while the second entity is not subject to federal banking regulations. The individual may withdraw the funds from the second account by using a card at an ATM or POS terminal requesting the issuance of negotiable instruments. Negotiable instruments may be issued in any dollar amount not exceeding the balance of the second account. A properly enrolled customer may make subsequent deposits into the second account.Type: GrantFiled: November 16, 2000Date of Patent: May 18, 2010Assignees: First Data Corporation, The Western Union CompanyInventor: Adam Coyle
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Patent number: 7613658Abstract: A reloadable debit card system includes an issuing institution whereat a main account is set up and multiple sub-accounts are established thereunder. Each sub-account corresponds to a respective cardholder. The sub-accounts are established and debit cards are printed with respective sub-account numbers prior to distributing the cards to an 80 POS distribution network. The cards are purchased from the POS member establishments for predetermined incremental values. Value can be added to such cards in such increments. A reloadable debit card method includes the steps of establishing a main account at an issuing institution and establishing sub-accounts thereunder. Multiple debit cards are printed with the respective sub-account numbers. The cards are then distributed to POS establishments for sale to cardholders, resulting in credits to the sub-accounts. Goods and services can be purchased with the cards whereupon the sub-accounts are debited.Type: GrantFiled: September 25, 2006Date of Patent: November 3, 2009Assignees: First Data Corporation, The Western Union CompanyInventor: Adam Coyle
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Patent number: 7228292Abstract: A system is provided for establishing uninsured accounts which can be remotely accessed by account holders to obtain access to account funds through the issuance of negotiable instruments made payable to the account holder. The account holder enters its account number and an amount requested into a dispensing station. The dispensing station communicates with an customer account server to verify sufficient funds in the account to cover the requested amount and transaction fees and prints a negotiable instrument made payable to the account holder in the amount requested, and the amount requested is debited from the account.Type: GrantFiled: March 8, 2002Date of Patent: June 5, 2007Assignee: First Data CorporationInventor: Adam Coyle
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Publication number: 20070045409Abstract: A reloadable debit card system includes an issuing institution whereat a main account is set up and multiple sub-accounts are established thereunder. Each sub-account corresponds to a respective cardholder. The sub-accounts are established and debit cards are printed with respective sub-account numbers prior to distributing the cards to an 80 POS distribution network. The cards are purchased from the POS member establishments for predetermined incremental values. Value can be added to such cards in such increments. A reloadable debit card method includes the steps of establishing a main account at an issuing institution and establishing sub-accounts thereunder. Multiple debit cards are printed with the respective sub-account numbers. The cards are then distributed to POS establishments for sale to cardholders, resulting in credits to the sub-accounts. Goods and services can be purchased with the cards whereupon the sub-accounts are debited.Type: ApplicationFiled: September 25, 2006Publication date: March 1, 2007Applicant: First Data CorporationInventor: Adam Coyle
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Patent number: 7127426Abstract: A reloadable debit card system includes an issuing institution whereat a main account is set up and multiple sub-accounts are established thereunder. Each sub-account corresponds to a respective cardholder. The sub-accounts are established and debit cards are printed with respective sub-account numbers prior to distributing the cards to an 80 POS distribution network. The cards are purchased from the POS member establishments for predetermined incremental values. Value can be added to such cards in such increments. A reloadable debit card method includes the steps of establishing a main account at an issuing institution and establishing sub-accounts thereunder. Multiple debit cards are printed with the respective sub-account numbers. The cards are then distributed to POS establishments for sale to cardholders, resulting in credits to the sub-accounts. Goods and services can be purchased with the cards whereupon the sub-accounts are debited.Type: GrantFiled: November 15, 2000Date of Patent: October 24, 2006Assignee: First Data CorporationInventor: Adam Coyle
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Publication number: 20020138424Abstract: A system (800) is provided for establishing accounts (806) which can be remotely accessed by account holders to obtain access to account funds through the issuance of negotiable instruments (801) made payable to the account holder. The negotiable instruments (801) are issued through a dispensing station (810). The account holder enters its account number and an amount requested into the dispensing station (810). The dispensing station (810) communicates with an customer account server (804) to verify sufficient funds in the account (806) to cover the requested amount and transaction fees. Upon such verification, the dispensing station (810) prints a negotiable instrument (801) made payable to the account holder in the amount requested, and the amount requested is debited from the account (806). The negotiable instrument (801) can then be converted to cash. Use of a personal identification number is not required.Type: ApplicationFiled: March 8, 2002Publication date: September 26, 2002Applicant: First Data CorporationInventor: Adam Coyle