Patents by Inventor Bart S. van Hoek

Bart S. van Hoek 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: 20240095693
    Abstract: Systems, methods, and computer-readable storage media configured to facilitate execution of transactions via a money transfer network are disclosed. During execution of the transactions, tokenized identity information may be utilized when exchanging transaction data between geographically distributed nodes of the money transfer network and the transactions are recorded to a distributed ledger maintained by the nodes. Smart contracts may be utilized to digitally sign transactions at various stages of transaction processing, such as at different stages of regulatory compliance validation and to authenticate the validity of the requested transaction (e.g., prevent double-spends). Utilizing tokenized identity information may reduce the likelihood that personally identifiable information (PII data) is obtained by or inadvertently provided to unauthorized third parties or systems.
    Type: Application
    Filed: July 31, 2023
    Publication date: March 21, 2024
    Inventors: Yale P. Vinson, Bart S. van Hoek
  • Publication number: 20240037659
    Abstract: Systems and methods described herein for automated cross-border settlement transactions, the system comprising: a trading platform network coupled to a plurality of settlement solution networks; and an autonomous bot configured to execute a plurality of instructions for: executing a scheduler to convert a plurality of user requirements and system requirements into a target schedule; executing a plurality of settlement transactions via the settlement solutions using the trading platform; determining a differential between the executed settlement transactions and the target schedule; and modifying the execution of future settlement transactions if the differential is greater than a predefined threshold.
    Type: Application
    Filed: July 31, 2023
    Publication date: February 1, 2024
    Inventor: Bart S. van Hoek
  • Patent number: 11756123
    Abstract: Systems and methods described herein for automated cross-border settlement transactions, the system comprising: a trading platform network coupled to a plurality of settlement solution networks; and an autonomous bot configured to execute a plurality of instructions for: executing a scheduler to convert a plurality of user requirements and system requirements into a target schedule; executing a plurality of settlement transactions via the settlement solutions using the trading platform; determining a differential between the executed settlement transactions and the target schedule; and modifying the execution of future settlement transactions if the differential is greater than a predefined threshold.
    Type: Grant
    Filed: December 28, 2022
    Date of Patent: September 12, 2023
    Assignee: MoneyGram International, Inc.
    Inventor: Bart S. van Hoek
  • Patent number: 11748717
    Abstract: Systems, methods, and computer-readable storage media configured to facilitate execution of transactions via a money transfer network are disclosed. During execution of the transactions, tokenized identity information may be utilized when exchanging transaction data between geographically distributed nodes of the money transfer network and the transactions are recorded to a distributed ledger maintained by the nodes. Smart contracts may be utilized to digitally sign transactions at various stages of transaction processing, such as at different stages of regulatory compliance validation and to authenticate the validity of the requested transaction (e.g., prevent double-spends). Utilizing tokenized identity information may reduce the likelihood that personally identifiable information (PII data) is obtained by or inadvertently provided to unauthorized third parties or systems.
    Type: Grant
    Filed: September 15, 2021
    Date of Patent: September 5, 2023
    Assignee: MoneyGram International, Inc.
    Inventors: Yale P. Vinson, Bart S. van Hoek
  • Patent number: 11568489
    Abstract: Systems and methods described herein for automated cross-border settlement transactions, the system comprising: a trading platform network coupled to a plurality of settlement solution networks; and an autonomous bot configured to execute a plurality of instructions for: executing a scheduler to convert a plurality of user requirements and system requirements into a target schedule; executing a plurality of settlement transactions via the settlement solutions using the trading platform; determining a differential between the executed settlement transactions and the target schedule; and modifying the execution of future settlement transactions if the differential is greater than a predefined threshold.
    Type: Grant
    Filed: September 15, 2021
    Date of Patent: January 31, 2023
    Assignee: MoneyGram International, Inc.
    Inventor: Bart S. van Hoek
  • Publication number: 20220129899
    Abstract: Systems, methods, and computer-readable storage media configured to facilitate execution of transactions via a money transfer network are disclosed. During execution of the transactions, tokenized identity information may be utilized when exchanging transaction data between geographically distributed nodes of the money transfer network and the transactions are recorded to a distributed ledger maintained by the nodes. Smart contracts may be utilized to digitally sign transactions at various stages of transaction processing, such as at different stages of regulatory compliance validation and to authenticate the validity of the requested transaction (e.g., prevent double-spends). Utilizing tokenized identity information may reduce the likelihood that personally identifiable information (PII data) is obtained by or inadvertently provided to unauthorized third parties or systems.
    Type: Application
    Filed: September 15, 2021
    Publication date: April 28, 2022
    Inventors: Yale P. Vinson, Bart S. van Hoek
  • Publication number: 20200250633
    Abstract: Systems, methods, and computer-readable storage media configured to facilitate execution of transactions via a money transfer network are disclosed. During execution of the transactions, tokenized identity information may be utilized when exchanging transaction data between geographically distributed nodes of the money transfer network and the transactions are recorded to a distributed ledger maintained by the nodes. Smart contracts may be utilized to digitally sign transactions at various stages of transaction processing, such as at different stages of regulatory compliance validation and to authenticate the validity of the requested transaction (e.g., prevent double-spends). Utilizing tokenized identity information may reduce the likelihood that personally identifiable information (PII data) is obtained by or inadvertently provided to unauthorized third parties or systems.
    Type: Application
    Filed: February 5, 2019
    Publication date: August 6, 2020
    Inventors: Yale P. Vinson, Bart S. van Hoek
  • Publication number: 20150310432
    Abstract: A method for securely adding financial accounts maintained by an issuer without an issuer-specific TSM to a secure element using a service system that creates a secure TSM add-on module for the issuer within the service system TSM, and a sub-domain that is specific to the issuer within the secure element. The issuer designates instructions and commands as insecure information and sensitive financial information as secure information, and communicates each type of information via a designated interface that is designed to correspond to the required security of the type of information. The issuer transmits insecure instructions to the service system and in turn a digital wallet application to create a new account record in the application. The issuer encrypts the secure financial information and transmits it to the issuer domain of the secure element through the account services system TSM over a dedicated interface.
    Type: Application
    Filed: April 28, 2015
    Publication date: October 29, 2015
    Inventors: Nilesh B. Pusuluri, Philip A. Robertson, Balamourougan Ranganathan, Yale P. Vinson, Xiaodong Guo, Bart S. van Hoek, James C. High, JR.
  • Publication number: 20150262164
    Abstract: System, methods, and computer program products are provided for interfacing with and providing a cloud-based secure storage. A payment system and procedure optionally stores security-critical information in a cloud-based secure store. Personalization data on the cloud-based secure store may be comprehensively managed by interfacing with a contactless front end (CLF) module in a near field communication (NFC) device and an interceptor. Non-security-critical information remains on the device. The processing time required to manage a payment transaction using Host-based Card Emulation (HCE) is minimized. User experience is improved.
    Type: Application
    Filed: March 13, 2015
    Publication date: September 17, 2015
    Inventors: Balamourougan Ranganathan, Yale P. Vinson, Bart S. van Hoek, Chirag Bhalani, Weimin Tsai, Nilesh B. Pusuluri, Hiteshkumar M. Shah, Danny Sung
  • Publication number: 20150106456
    Abstract: System, methods, and computer program products are provided for managing communications. A first applet and a second applet are operable receive and transmit application protocol data unit messages. The application protocol data unit messages include command-response message pairs. An application protocol data unit message is transmitted from the first applet to a second applet to trigger and establish a communication channel with a first device. Thus, messages may be comprehensively managed post-issuance. User experience is improved.
    Type: Application
    Filed: October 7, 2014
    Publication date: April 16, 2015
    Inventor: Bart S. van Hoek