Patents by Inventor Douglas E. Phillips

Douglas E. Phillips 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).

  • Patent number: 8744942
    Abstract: A method, system and computer program product for managing aggregate funds held in a custodial deposit accounts by a custodial agent on behalf of a plurality of individuals. According to the present invention, the custodial deposit accounts comprises an omnibus transaction account (“Omnibus TA”) and a Omnibus money market deposit account (“Omnibus MMDA”). A corresponding individual transaction account (“Individual TA”) and individual money market deposit account (“Individual MMDA”) are kept on the books and records of the custodial agent for each individual, representing the amount of the individual's funds deposited in the Omnibus TA and Omnibus MMDA, respectively. According to the present invention, limitations on transfers from the Omnibus MMDA to the Omnibus TA and limitations on transfers from the corresponding Individual MMDAs to the Individual TAs are managed by daily allocation of the funds in the Individual TAs and Individual MMDAs.
    Type: Grant
    Filed: February 22, 2013
    Date of Patent: June 3, 2014
    Assignee: Promontory Interfinancial Networks, LLC
    Inventors: Douglas E. Phillips, Robert N. Hyland, Anthony R. Carlino
  • Patent number: 8712881
    Abstract: A method, system and computer program product for managing aggregate funds held in a custodial deposit accounts by a custodial agent on behalf of a plurality of individuals. According to the present invention, the custodial deposit accounts comprises an omnibus transaction account (“Omnibus TA”) and a Omnibus money market deposit account (“Omnibus MMDA”). A corresponding individual transaction account (“Individual TA”) and individual money market deposit account (“Individual MMDA”) are kept on the books and records of the custodial agent for each individual, representing the amount of the individual's funds deposited in the Omnibus TA and Omnibus MMDA, respectively. According to the present invention, limitations on transfers from the Omnibus MMDA to the Omnibus TA and limitations on transfers from the corresponding Individual MMDAs to the Individual TAs are managed by daily allocation of the funds in the Individual TAs and Individual MMDAs.
    Type: Grant
    Filed: July 27, 2012
    Date of Patent: April 29, 2014
    Assignee: Promontory Interfinancial Network, LLC
    Inventors: Douglas E. Phillips, Robert N. Hyland, Anthony R. Carlino
  • Patent number: 8392304
    Abstract: A method, system and computer program product for managing aggregate funds held in custodial deposit accounts by a custodial agent on behalf of a plurality of individuals. According to the present invention, the custodial deposit accounts comprise an omnibus transaction account (“Omnibus TA”) and a Omnibus money market deposit account (“Omnibus MMDA”). A corresponding individual transaction account (“Individual TA”) and individual money market deposit account (“Individual MMDA”) are kept on the books and records of the custodial agent for each individual, representing the amount of the individual's funds deposited in the Omnibus TA and Omnibus MMDA, respectively. According to the present invention, limitations on transfers from the Omnibus MMDA to the Omnibus TA and limitations on transfers from the corresponding Individual MMDAs to the individual TAs are managed by daily allocation of the funds in the Individual TAs and Individual MMDAs.
    Type: Grant
    Filed: September 26, 2011
    Date of Patent: March 5, 2013
    Assignee: Promontory Interfinancial Network, LLC
    Inventors: Douglas E. Phillips, Robert N. Hyland, Anthony R. Carlino
  • Patent number: 8234188
    Abstract: A method, system and computer program product for managing aggregate funds held in custodial deposit accounts by a custodial agent on behalf of a plurality of individuals. According to the present invention, the custodial deposit accounts comprise an omnibus transaction account (“Omnibus TA”) and a Omnibus money market deposit account (“Omnibus MMDA”). A corresponding individual transaction account (“Individual TA”) and individual money market deposit account (“Individual MMDA”) are kept on the books and records of the custodial agent for each individual, representing the amount of the individual's funds deposited in the Omnibus TA and Omnibus MMDA, respectively. According to the present invention, limitations on transfers from the Omnibus MMDA to the Omnibus TA and limitations on transfers from the corresponding Individual MMDAs to the Individual TAs are managed by daily allocation of the funds in the Individual TAs and Individual MMDAs.
    Type: Grant
    Filed: April 7, 2009
    Date of Patent: July 31, 2012
    Assignee: Promontory Interfinancial Network, LLC
    Inventors: Douglas E. Phillips, Robert N. Hyland, Anthony R. Carlino
  • Patent number: 6722613
    Abstract: A kite is disclosed having a body and a supporting structure. The supporting structure has a central member, wing members, cross members, and a brace member. The central member is attached to the body such that the body has first and second wing portions on either side of the central member. The wing members are attached to each wing portion and are oriented substantially perpendicular to the central member. The cross members respectively support the wing members to the central member. First ends respectively couple to one of the wing members, intermediate portions cross one another and are held adjacent the central member, and second ends couple to the body. The brace member is capable of biasing the wing members apart. Ends of the brace member respectively couple to the wing members, and an intermediate portion is held adjacent the central member.
    Type: Grant
    Filed: December 12, 2002
    Date of Patent: April 20, 2004
    Assignee: Gayla Industries
    Inventors: Douglas E. Phillips, George R. Reneer
  • Patent number: 6507811
    Abstract: This invention provides a method for symbol manipulation in an electronic data processing system that can be used to alter the representation of ages, names, and proverbs in ways that some people find to be highly amusing. Among other advantages, the representation of people's ages can be altered so that a younger person seems older and an older person seems younger, and the representation of people's names can be altered so that they appear to come from other cultures and are descriptive of the person. Similarly, the representation of proverbs can be altered so that they appear to concern matters of individualized interest. In a preferred embodiment, the method of the present invention comprises the steps, using an electronic data processing system, of inputting an expression of age in base 10 notation, converting the expression of age in base 10 notation to an expression of age in an alternate base notation, and outputting the expression of age in the alternate base notation.
    Type: Grant
    Filed: May 12, 1997
    Date of Patent: January 14, 2003
    Inventor: Douglas E. Phillips
  • Patent number: 5364262
    Abstract: A method and apparatus for the early detection and relief of a closed, pressurized gas charged system, such as an ammonia refrigeration system, wherein a central control system measures and assimilates system and ambient conditions, and responds to alleviate system pressures in excess of design parameters, and, further, combusts system gasses so relieved, breaking such gasses into nontoxic byproducts of combustion.
    Type: Grant
    Filed: January 22, 1993
    Date of Patent: November 15, 1994
    Inventor: Douglas E. Phillips