Patents by Inventor Bansi L. Sharma
Bansi L. Sharma 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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SYSTEM AND METHOD FOR ACTIVATING OR CHANGING THE STATUS OF AN ACCOUNT ASSOCIATED WITH A PREPAID CARD
Publication number: 20140058868Abstract: A system and method for activating and funding prepaid cards at the point of sale by making innovative use of existing point-of-sale devices and existing credit/debit card acceptance networks and processes. The invention obviates the need to implement new/different technology at point-of-sale terminals that are widely used at retail outlets. This invention makes use of the existing credit and charge card systems and processes, including industry standard message formats, to settle funds and fees between the seller and the issuer of the prepaid card, thus further reducing the expense and time-to-market for product distribution.Type: ApplicationFiled: October 30, 2013Publication date: February 27, 2014Applicant: American Express Travel Related Services Company, Inc.Inventors: BANSI L. SHARMA, MICHAEL L. PETERSON -
System and method for activating or changing the status of an account associated with a prepaid card
Patent number: 8595074Abstract: A system and method for activating and funding prepaid cards at the point of sale by making innovative use of existing point-of-sale devices and existing credit/debit card acceptance networks and processes. The invention obviates the need to implement new/different technology at point-of-sale terminals that are widely used at retail outlets. This invention makes use of the existing credit and charge card systems and processes, including industry standard message formats, to settle funds and fees between the seller and the issuer of the prepaid card, thus further reducing the expense and time-to-market for product distribution.Type: GrantFiled: July 14, 2004Date of Patent: November 26, 2013Assignee: American Express Travel Related Services Company, Inc.Inventors: Bansi L. Sharma, Michael L. Peterson -
Patent number: 8458086Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.Type: GrantFiled: December 1, 2008Date of Patent: June 4, 2013Assignee: Lead Core Fund, L.L.C.Inventors: Fred A. Bishop, Bansi L. Sharma, Tracey R. Thomas
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Patent number: 8275704Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.Type: GrantFiled: January 16, 2009Date of Patent: September 25, 2012Assignee: Lead Core Fund, L.L.C.Inventors: Fred A. Bishop, Bansi L. Sharma, Tracey R. Thomas
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Patent number: 8103585Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.Type: GrantFiled: January 16, 2009Date of Patent: January 24, 2012Assignee: American Express Travel Related Services Company, Inc.Inventors: Fred A. Bishop, Bansi L. Sharma, Tracey R. Thomas
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Patent number: 8103584Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.Type: GrantFiled: January 16, 2009Date of Patent: January 24, 2012Assignee: American Express Travel Related Services Company, Inc.Inventors: Fred A. Bishop, Bansi L. Sharma, Tracey R. Thomas
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Patent number: 7996307Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also includes the options of interest payments, the use of different account issuers, different financial accounts, budget transfers, spend compartmentalization, cost-splitting, adjusting credit limits, loans, gifting, intermediary facilitating the transaction, transaction tracking, rapid funds availability, confidential transfer of funds, immediate initiation of shipment by a seller, releasing funds to a seller only after approval of the goods, services, or other value, demonstrating proof of payment, and recourse against a remote seller.Type: GrantFiled: September 30, 2008Date of Patent: August 9, 2011Assignee: American Express Travel Related Services Company, Inc.Inventors: Fred Bishop, Bansi L. Sharma, Tracey R. Thomas
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Patent number: 7979349Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also includes the options of interest payments, the use of different account issuers, different financial accounts, budget transfers, spend compartmentalization, cost-splitting, adjusting credit limits, loans, gifting, intermediary facilitating the transaction, transaction tracking, rapid funds availability, confidential transfer of funds, immediate initiation of shipment by a seller, releasing funds to a seller only after approval of the goods, services, or other value, demonstrating proof of payment, and recourse against a remote seller.Type: GrantFiled: September 30, 2008Date of Patent: July 12, 2011Assignee: American Express Travel Related Services Company, Inc.Inventors: Fred Bishop, Bansi L. Sharma, Tracey R. Thomas
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Patent number: 7962407Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.Type: GrantFiled: December 1, 2008Date of Patent: June 14, 2011Assignee: American Express Travel Related Services Company, Inc.Inventors: Fred A. Bishop, Bansi L. Sharma, Tracey R. Thomas
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Patent number: 7962406Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also includes the options of interest payments, the use of different account issuers, different financial accounts, budget transfers, spend compartmentalization, cost-splitting, adjusting credit limits, loans, gifting, intermediary facilitating the transaction, transaction tracking, rapid funds availability, confidential transfer of funds, immediate initiation of shipment by a seller, releasing funds to a seller only after approval of the goods, services, or other value, demonstrating proof of payment, and recourse against a remote seller.Type: GrantFiled: September 30, 2008Date of Patent: June 14, 2011Assignee: American Express Travel Related Services Company, Inc.Inventors: Fred Bishop, Bansi L. Sharma, Tracey R. Thomas
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Patent number: 7962408Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.Type: GrantFiled: December 1, 2008Date of Patent: June 14, 2011Assignee: American Express Travel Related Services Company, Inc.Inventors: Fred A. Bishop, Bansi L. Sharma, Tracey R. Thomas
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Patent number: 7941372Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.Type: GrantFiled: December 1, 2008Date of Patent: May 10, 2011Assignee: American Express Travel Related Services Company, Inc.Inventors: Fred A. Bishop, Bansi L. Sharma, Tracey R. Thomas
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Patent number: 7941367Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.Type: GrantFiled: December 1, 2008Date of Patent: May 10, 2011Assignee: American Express Travel Related Services Company, Inc.Inventors: Fred A. Bishop, Bansi L. Sharma, Tracey R. Thomas
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Patent number: 7925585Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also includes the options of interest payments, the use of different account issuers, different financial accounts, budget transfers, spend compartmentalization, cost-splitting, adjusting credit limits, loans, gifting, intermediary facilitating the transaction, transaction tracking, rapid funds availability, confidential transfer of funds, immediate initiation of shipment by a seller, releasing funds to a seller only after approval of the goods, services, or other value, demonstrating proof of payment, and recourse against a remote seller.Type: GrantFiled: September 30, 2008Date of Patent: April 12, 2011Assignee: American Express Travel Related Services Company, Inc.Inventors: Fred Bishop, Bansi L. Sharma, Tracey R. Thomas
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Patent number: 7904385Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also includes the options of interest payments, the use of different account issuers, different financial accounts, budget transfers, spend compartmentalization, cost-splitting, adjusting credit limits, loans, gifting, intermediary facilitating the transaction, transaction tracking, rapid funds availability, confidential transfer of funds, immediate initiation of shipment by a seller, releasing funds to a seller only after approval of the goods, services, or other value, demonstrating proof of payment, and recourse against a remote seller.Type: GrantFiled: September 30, 2008Date of Patent: March 8, 2011Assignee: American Express Travel Related Services Company, Inc.Inventors: Fred Bishop, Bansi L. Sharma, Tracey R. Thomas
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Patent number: 7899744Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.Type: GrantFiled: January 16, 2009Date of Patent: March 1, 2011Assignee: American Express Travel Related Services Company, Inc.Inventors: Fred A. Bishop, Bansi L. Sharma, Tracey R. Thomas
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Patent number: 7877325Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.Type: GrantFiled: January 16, 2009Date of Patent: January 25, 2011Assignee: American Express Travel Related Services Company, Inc.Inventors: Fred A. Bishop, Bansi L. Sharma, Tracey R. Thomas
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Publication number: 20090150270Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.Type: ApplicationFiled: January 16, 2009Publication date: June 11, 2009Applicant: American Express Travel Related Services Company Inc.Inventors: Fred A. Bishop, Bansi L. Sharma, Tracey R. Thomas
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Publication number: 20090150269Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.Type: ApplicationFiled: January 16, 2009Publication date: June 11, 2009Applicant: American Express Travel Related Services Company, Inc.Inventors: Fred A. Bishop, Bansi L. Sharma, Tracey R. Thomas
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Publication number: 20090150271Abstract: A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.Type: ApplicationFiled: January 16, 2009Publication date: June 11, 2009Applicant: American Express Travel Related Services Company, Inc.Inventors: Fred A. Bishop, Bansi L. Sharma, Tracey R. Thomas