Patents by Inventor Andrew M. Magruder

Andrew M. Magruder 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).

  • Publication number: 20230360028
    Abstract: Electronic transfers of value may be secured via verification of locations of parties, and/or progressive trust building, while maintaining privacy of sensitive personal information of parties via separate communications by parties with a payment network server. Locations may be fixed geolocations, proximities, and/or positions relative to markers/beacons that are in motion. Transfers may be made from party to party, party to place and place to party, and/or party to a virtual point-of-sale at a place. Transferred items may be electronic funds in fiat and/or crypto currencies, Non-Fungible Tokens (NFTs)/data associated NFTs, electronic data, and/or securities/financial instruments, for example. Transactions may be multiparty and may comprise multiple exchanges of value.
    Type: Application
    Filed: May 12, 2023
    Publication date: November 9, 2023
    Inventors: Anushree Vora, Andrew M. Magruder
  • Patent number: 11694191
    Abstract: Electronic transfers of value may be secured via verification of locations of parties, and/or progressive trust building, while maintaining privacy of sensitive personal information of parties via separate communications by parties with a payment network server. Locations may be fixed geolocations, proximities, and/or positions relative to markers/beacons that are in motion. Transfers may be made from party to party, party to place and place to party, and/or party to a virtual point-of-sale at a place. Transferred items may be electronic funds in fiat and/or crypto currencies, Non-Fungible Tokens (NFTs)/data associated NFTs, electronic data, and/or securities/financial instruments, for example. Transactions may be multiparty and may comprise multiple exchanges of value.
    Type: Grant
    Filed: November 24, 2021
    Date of Patent: July 4, 2023
    Assignee: PayTile LLC
    Inventors: Anushree Vora, Andrew M. Magruder
  • Publication number: 20220164787
    Abstract: Electronic transfers of value may be secured via verification of locations of parties, and/or progressive trust building, while maintaining privacy of sensitive personal information of parties via separate communications by parties with a payment network server. Locations may be fixed geolocations, proximities, and/or positions relative to markers/beacons that are in motion. Transfers may be made from party to party, party to place and place to party, and/or party to a virtual point-of-sale at a place. Transferred items may be electronic funds in fiat and/or crypto currencies, Non-Fungible Tokens (NFTs)/data associated NFTs, electronic data, and/or securities/financial instruments, for example. Transactions may be multiparty and may comprise multiple exchanges of value.
    Type: Application
    Filed: November 24, 2021
    Publication date: May 26, 2022
    Inventors: Anushree VORA, Andrew M. Magruder
  • Publication number: 20120239556
    Abstract: The LATENCY PAYMENT SETTLEMENT APPARATUSES, METHODS AND SYSTEMS (“LPS”) transforms latency payment request inputs via LPS components into latency payment requests. In one embodiment, a method is disclosed comprising obtaining a latency payment method request and determining a latency payment period associated with the latency payment method request. The method includes determining a consumer item currency amount by applying a currency conversion factor to the merchant item currency amount. The method also determines a latency buffer amount based on the latency payment method request, generates a latency payment request by summing the latency buffer amount to the consumer item currency amount and structuring the summed amounts according to the patency payment period, and provides the latency payment request.
    Type: Application
    Filed: October 20, 2011
    Publication date: September 20, 2012
    Inventors: Andrew M. Magruder, Lex N. Bayer