Patents by Inventor Justin Mason Chace

Justin Mason Chace 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).

  • Systems and methods for screening payment transactions
    Patent number: 8296232
    Abstract: Methods and systems for anti money laundering screening are provided. A risk score and a first validation code is determined based on information related to a funds transfer transaction. The first validation code is associated with the risk score. Thereafter, a second validation code is calculated and compared with the first validation code. The risk score and the validation score are included in a payment authorization message sent to a payment processing network. The payment processing network extracts the validation code and communicates the payment authorization message including the risk score to a receiving financial institution. The receiving financial entity accepts or denies the incoming funds transfer based on the risk score included in the payment authorization message.
    Type: Grant
    Filed: March 18, 2011
    Date of Patent: October 23, 2012
    Assignee: Visa International Service Association
    Inventors: John Tullis, Mark Norris, Vishwanath Shastry, Kate J. Kennedy, Justin Mason Chace, Susan J. French
  • Systems and method for screening payment transactions
    Patent number: 8170953
    Abstract: Methods and systems for anti money laundering screening are provided. The method includes determining a risk score and a first validation code associated with the risk score, based on information related to a funds transfer transaction and independently calculating a second validation code and comparing with the first validation code. The method further includes including the risk score and the validation score in a payment authorization message. The receiving financial entity accepts or denies the incoming funds transfer based on the risk score included in the payment authorization message.
    Type: Grant
    Filed: March 18, 2011
    Date of Patent: May 1, 2012
    Assignee: Visa International Service Association
    Inventors: John Tullis, Mark Norris, Vishwanath Shastry, Kate J. Kennedy, Justin Mason Chace, Susan French
  • SYSTEMS AND METHODS FOR SCREENING PAYMENT TRANSACTIONS
    Publication number: 20110270756
    Abstract: Methods and systems for anti money laundering screening are provided. A risk score and a first validation code is determined based on information related to a funds transfer transaction. The first validation code is associated with the risk score. Thereafter, a second validation code is calculated and compared with the first validation code. The risk score and the validation score are included in a payment authorization message sent to a payment processing network. The payment processing network extracts the validation code and communicates the payment authorization message including the risk score to a receiving financial institution. The receiving financial entity accepts or denies the incoming funds transfer based on the risk score included in the payment authorization message.
    Type: Application
    Filed: March 18, 2011
    Publication date: November 3, 2011
    Inventors: John Tullis, Mark Norris, Vishwanath Shastry, Kate J. Kennedy, Justin Mason Chace, Susan J. French