Patents by Inventor Jared J. Rand

Jared J. Rand 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: 11562425
    Abstract: A system for automated origination of capital includes a rate processor, a revenue forecaster, and an offer processor. The rate processor generates prices for capital product offers to subscribers of a point-of-sale (POS) subscription service, where the prices are generated by employing probability of default (PD) values that are derived from historical POS data corresponding to each of the subscribers. The revenue forecaster is coupled to the rate processor and is configured to employ the configured to employ the historical POS data and locations of establishments corresponding to the each of said subscribers to predict future POS data for the establishments corresponding to the each of the subscribers, and to employ the future POS data to generate predicted total revenues corresponding to the each of the subscribers over a payback period.
    Type: Grant
    Filed: May 8, 2019
    Date of Patent: January 24, 2023
    Assignee: Toast, Inc.
    Inventors: Kevin A. Vo, Jared J. Rand, Alan Z. Zhao, Alexander H. Hails
  • Patent number: 11403649
    Abstract: A method for increasing a transaction amount corresponding a patron of an establishment, the method including: receiving inputs comprising transaction data corresponding to a transaction, where a portion of the transaction data comprises personally identifiable information (PII), and extracting the PII from the portion of the transaction data, and employing the PII to generate PII transaction data and metadata corresponding to the transaction; analyzing the PII transaction data and the metadata to generate a single universal guest record (UGR) corresponding to the PII transaction data and the metadata, where the single UGR corresponds to the patron, the single UGR comprising UGR transaction metadata corresponding to the transaction and historical transactions associated with the patron; statistically analyzing the UGR metadata to generate a guest segmentation record that corresponds to the patron; and generating content for display on point-of-sale (POS) terminals associated with the establishment, where the
    Type: Grant
    Filed: September 11, 2019
    Date of Patent: August 2, 2022
    Assignee: Toast, Inc.
    Inventors: Benjamin Gordon, Ting-Ray Kuo, Jared J. Rand
  • Patent number: 11100575
    Abstract: A system for automated origination of capital includes a rate processor, a revenue forecaster, and an offer processor. The rate processor is configured to generate prices for capital product offers to subscribers of a point-of-sale (POS) subscription service, where the prices are generated by employing probability of default (PD) values that are derived from historical POS data corresponding to each of the subscribers, and where each historical POS datum comprises an indicator denoting a season of the year in which the datum was generated. The revenue forecaster employs the historical POS data to predict future POS data for establishments corresponding to the each of the subscribers and employs the future POS data to generate predicted total revenues corresponding to the each of the subscribers over a payback period.
    Type: Grant
    Filed: May 8, 2019
    Date of Patent: August 24, 2021
    Assignee: Toast, Inc.
    Inventors: Alan Z. Zhao, Kevin A. Vo, Jared J. Rand
  • Patent number: 10956974
    Abstract: A system for dynamic origination of capital includes a rate processor, a revenue forecaster, and an offer processor. The rate processor is configured to generate a price for a capital product offer to a first subscriber of a point-of-sale (POS) subscription service, where the interest rate is generated by employing a probability of default (PD) value that is derived from historical POS data corresponding to all subscribers. The revenue forecaster is coupled to the rate processor and is configured to employ first historical POS data for an establishment corresponding to the first subscriber to predict future POS data using a neural network trained on the historical data corresponding to all subscribers, and to employ the future POS data to generate a predicted total revenue over a payback period for the first subscriber.
    Type: Grant
    Filed: May 8, 2019
    Date of Patent: March 23, 2021
    Assignee: Toast, Inc.
    Inventors: Jared J. Rand, Kevin A. Vo, Alan Z. Zhao
  • Publication number: 20210073769
    Abstract: An apparatus includes a personally identifiable information (PII) extraction processor, a PII link processor, and a universal guest record (UGR) analysis processor. The PII extraction processor receives inputs comprising transaction data corresponding to a transaction, where a portion of the transaction data comprises PII, and extracts the PII from the portion of the transaction data, and employs the PII to generate PII transaction data and metadata corresponding to a transaction. The PII link processor receives the PII transaction data and the metadata, and analyzes the PII transaction data and the metadata to generate a single UGR corresponding to the PII transaction data and the metadata, where the single UGR corresponds to a patron, the single UGR comprising UGR transaction metadata corresponding to the transaction and historical transactions associated with the patron.
    Type: Application
    Filed: September 11, 2019
    Publication date: March 11, 2021
    Inventors: Benjamin Gordon, Ting-Ray Kuo, Jared J. Rand
  • Publication number: 20200357054
    Abstract: A system for automated origination of capital includes a rate processor, a revenue forecaster, and an offer processor. The rate processor generates prices for capital product offers to subscribers of a point-of-sale (POS) subscription service, where the prices are generated by employing probability of default (PD) values that are derived from historical POS data corresponding to each of the subscribers. The revenue forecaster is coupled to the rate processor and is configured to employ the configured to employ the historical POS data and locations of establishments corresponding to the each of said subscribers to predict future POS data for the establishments corresponding to the each of the subscribers, and to employ the future POS data to generate predicted total revenues corresponding to the each of the subscribers over a payback period.
    Type: Application
    Filed: May 8, 2019
    Publication date: November 12, 2020
    Inventors: Kevin A. Vo, Jared J. Rand, Alan Z. Zhao
  • Publication number: 20200357055
    Abstract: A system for automated origination of capital includes a rate processor, a revenue forecaster, and an offer processor. The rate processor is configured to generate prices for capital product offers to subscribers of a point-of-sale (POS) subscription service, where the prices are generated by employing probability of default (PD) values that are derived from historical POS data corresponding to each of the subscribers, and where each historical POS datum comprises an indicator denoting a season of the year in which the datum was generated. The revenue forecaster employs the historical POS data to predict future POS data for establishments corresponding to the each of the subscribers and employs the future POS data to generate predicted total revenues corresponding to the each of the subscribers over a payback period.
    Type: Application
    Filed: May 8, 2019
    Publication date: November 12, 2020
    Inventors: Alan Z. Zhao, Kevin A. Vo, Jared J. Rand
  • Publication number: 20200357058
    Abstract: A system for dynamic origination of capital includes a rate processor, a revenue forecaster, and an offer processor. The rate processor is configured to generate a price for a capital product offer to a first subscriber of a point-of-sale (POS) subscription service, where the interest rate is generated by employing a probability of default (PD) value that is derived from historical POS data corresponding to all subscribers. The revenue forecaster is coupled to the rate processor and is configured to employ first historical POS data for an establishment corresponding to the first subscriber to predict future POS data using a neural network trained on the historical data corresponding to all subscribers, and to employ the future POS data to generate a predicted total revenue over a payback period for the first subscriber.
    Type: Application
    Filed: May 8, 2019
    Publication date: November 12, 2020
    Inventors: Jared J. Rand, Kevin A. Vo, Alan Z. Zhao