Patents by Inventor Damon Magnuski

Damon Magnuski 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: 20240144251
    Abstract: An apparatus and method for calculating foreign exchange advantages, the apparatus includes at least a processor and a memory containing instructions configuring the at least a processor to acquire action data from an entity, wherein an element of the action data includes at least a plurality of originators and at least a plurality of receivers, process the action data, wherein processing the action data includes classifying a plurality of action data elements to at least an originator of the plurality of originators and a receiver of the plurality of receivers and classifying the action data against a data store including at least a foreign exchange rate, generate a conversion record as a function of the processed action data, and output the conversion record to a third-party computing device.
    Type: Application
    Filed: December 19, 2023
    Publication date: May 2, 2024
    Applicant: Acceleron Bank, Inc.
    Inventors: Damon Magnuski, Matthew Henkler, Kevin Minard, Andrew Dillard
  • Patent number: 11861598
    Abstract: An apparatus and method for calculating foreign exchange advantages, the apparatus includes at least a processor and a memory containing instructions configuring the at least a processor to acquire action data from an entity, wherein an element of the action data includes at least a plurality of originators and at least a plurality of receivers, process the action data, wherein processing the action data includes classifying a plurality of action data elements to at least an originator of the plurality of originators and a receiver of the plurality of receivers and classifying the action data against a data store including at least a foreign exchange rate, generate a conversion record as a function of the processed action data, and output the conversion record to a third-party computing device.
    Type: Grant
    Filed: February 21, 2023
    Date of Patent: January 2, 2024
    Inventors: Damon Magnuski, Matthew Henkler, Kevin Minard, Andrew Dillard
  • Publication number: 20230267453
    Abstract: An apparatus and method for calculating foreign exchange advantages, the apparatus includes at least a processor and a memory containing instructions configuring the at least a processor to acquire action data from an entity, wherein an element of the action data includes at least a plurality of originators and at least a plurality of receivers, process the action data, wherein processing the action data includes classifying a plurality of action data elements to at least an originator of the plurality of originators and a receiver of the plurality of receivers and classifying the action data against a data store including at least a foreign exchange rate, generate a conversion record as a function of the processed action data, and output the conversion record to a third-party computing device.
    Type: Application
    Filed: February 21, 2023
    Publication date: August 24, 2023
    Applicant: Acceleron Bank, Inc.
    Inventors: Damon Magnuski, Matthew Henkler, Kevin Minard, Andrew Dillard
  • Publication number: 20140372282
    Abstract: A system for providing small to medium sized entities commodity price move protection is disclosed. The system may have the steps of receiving information from a client, selecting an appropriate commodity instrument, aggregating the client with other clients, and selecting an appropriate hedge in the event that the instrument provides for more protection than is sought by the aggregated clients and protection for the service provider is desired.
    Type: Application
    Filed: August 29, 2014
    Publication date: December 18, 2014
    Inventor: Damon Magnuski
  • Patent number: 8856040
    Abstract: A system for providing small to medium sized entities commodity price move protection is disclosed. The system may have the steps of receiving information from a client, selecting an appropriate commodity instrument, aggregating the client with other clients, and selecting an appropriate hedge in the event that the instrument provides for more protection than is sought by the aggregated clients and protection for the service provider is desired.
    Type: Grant
    Filed: November 11, 2011
    Date of Patent: October 7, 2014
    Inventor: Damon Magnuski
  • Publication number: 20130124431
    Abstract: A system for providing small to medium sized entities commodity price move protection is disclosed. The system may have the steps of receiving information from a client, selecting an appropriate commodity instrument, aggregating the client with other clients, and selecting an appropriate hedge in the event that the instrument provides for more protection than is sought by the aggregated clients and protection for the service provider is desired.
    Type: Application
    Filed: November 11, 2011
    Publication date: May 16, 2013
    Inventor: Damon Magnuski