Patents by Inventor Kathryn Petralia
Kathryn Petralia 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).
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Publication number: 20240037534Abstract: Disclosed are various embodiments for enabling an instantaneous instrument. In various embodiments, a computing device can receive a request to open a virtual card. Various embodiments of the computing device can then generate a card number for the virtual card. The computing device can then transmit the card number to a user device, which can be used as an instantaneous instrument to make purchases. In various embodiments, the computing device can receive an authorization request from a point of sale terminal, where the authorization request includes the card number. In various embodiments, the computing device can generate a statement that indicates that the authorization request corresponds to the virtual card.Type: ApplicationFiled: October 6, 2023Publication date: February 1, 2024Inventors: Rob Frohwein, Kathryn Petralia
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Patent number: 11861592Abstract: A method, apparatus, and computer readable storage to implement an issuance of a virtual credit card. The virtual credit card can be issued instantaneously and can thereafter be associated with a physical credit card. The virtual credit card and the physical credit card can be serviced by the same account at the same bank.Type: GrantFiled: January 8, 2016Date of Patent: January 2, 2024Assignee: AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.Inventors: Rob Frohwein, Kathryn Petralia
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Publication number: 20230140408Abstract: A method, apparatus, and computer readable storage to implement a lending system for use with electronic commerce web sites such as auction sites. A seller may receive a cash loan for items placed for sale but not yet purchased by a buyer. The seller can be required to pay back the loan after a predetermined amount of time or as soon as the item for sale is sold and payment is received from the buyer. The lender would charge interest or commission for the loan. In this manner, sellers can receive cash for items listed on auction sites before those items are actually sold, generating additional cash flow for the seller.Type: ApplicationFiled: January 3, 2023Publication date: May 4, 2023Inventors: Robert Frohwein, Kathryn Petralia
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Patent number: 11568478Abstract: A method, apparatus, and computer readable storage to implement a lending system for use with electronic commerce web sites such as auction sites. A seller may receive a cash loan for items placed for sale but not yet purchased by a buyer. The seller can be required to pay back the loan after a predetermined amount of time or as soon as the item for sale is sold and payment is received from the buyer. The lender would charge interest or commission for the loan. In this manner, sellers can receive cash for items listed on auction sites before those items are actually sold, generating additional cash flow for the seller.Type: GrantFiled: March 16, 2020Date of Patent: January 31, 2023Assignee: AMERICAN EXPRESS KABBAGE INC.Inventors: Robert Frohwein, Kathryn Petralia
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Publication number: 20230021183Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. The information can include sales data related to the seller's business on the online commerce site that can be applied to a formula used by a cash provider to evaluate the risk associated with lending the seller cash. A financial account used by the seller can rapidly receive the cash loan (if approved) and payments received by the seller from buyers would go into this financial account which is then used to automatically pay the cash provider back at agreed upon terms.Type: ApplicationFiled: September 15, 2022Publication date: January 19, 2023Inventors: Robert Frohwein, Kathryn Petralia
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Patent number: 11461839Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. The information can include sales data related to the seller's business on the online commerce site that can be applied to a formula used by a cash provider to evaluate the risk associated with lending the seller cash. A financial account used by the seller can rapidly receive the cash loan (if approved) and payments received by the seller from buyers would go into this financial account which is then used to automatically pay the cash provider back at agreed upon terms.Type: GrantFiled: December 9, 2019Date of Patent: October 4, 2022Assignee: AMERICAN EXPRESS KABBAGE INC.Inventors: Robert Frohwein, Kathryn Petralia
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Patent number: 11257149Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. The information can include sales data related to the seller's business on the online commerce site that can be applied to a formula used by a cash provider to evaluate the risk associated with lending the seller cash. A financial account used by the seller can rapidly receive the cash loan (if approved) and payments received by the seller from buyers would go into this financial account which is then used to automatically pay the cash provider back at agreed upon terms.Type: GrantFiled: September 30, 2019Date of Patent: February 22, 2022Assignee: American Express Kabbage Inc.Inventors: Robert Frohwein, Kathryn Petralia
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Patent number: 10909620Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. Data from a delivery service can be automatically retrieved by the cash provider/cash server in order to determine the volume of shipments that the seller has been making. This volume can be used when the cash server determines the seller's score in order to evaluate an application for cash.Type: GrantFiled: March 30, 2019Date of Patent: February 2, 2021Assignee: Kabbage, Inc.Inventors: Robert Frohwein, Kathryn Petralia, Marc Gorlin
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Publication number: 20200364777Abstract: A method, apparatus, and computer readable storage to implement a lending system for use with electronic commerce web sites such as auction sites. A seller may receive a cash loan for items placed for sale but not yet purchased by a buyer. The seller can be required to pay back the loan after a predetermined amount of time or as soon as the item for sale is sold and payment is received from the buyer. The lender would charge interest or commission for the loan. In this manner, sellers can receive cash for items listed on auction sites before those items are actually sold, generating additional cash flow for the seller.Type: ApplicationFiled: March 16, 2020Publication date: November 19, 2020Applicant: Kabbage, Inc.Inventors: Robert Frohwein, Kathryn Petralia
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Publication number: 20200286165Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. The information can include sales data related to the seller's business on the online commerce site that can be applied to a formula used by a cash provider to evaluate the risk associated with lending the seller cash. A financial account used by the seller can rapidly receive the cash loan (if approved) and payments received by the seller from buyers would go into this financial account which is then used to automatically pay the cash provider back at agreed upon terms.Type: ApplicationFiled: December 9, 2019Publication date: September 10, 2020Applicant: Kabbage, Inc.Inventors: Robert Frohwein, Kathryn Petralia
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Patent number: 10769637Abstract: A method, apparatus, and computer readable storage utilize optical character recognition to authentic a transaction. Optical character recognition is used on a physical instrument and data obtained from the optical character recognition is used to query a remote database. Identification information from the remote database is compared with data obtained from the optical character recognition to determine whether there is an inconsistency of data.Type: GrantFiled: January 28, 2016Date of Patent: September 8, 2020Assignee: Kabbage, Inc.Inventors: Rob Frohwein, Kathryn Petralia
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Publication number: 20200184550Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. The information can include sales data related to the seller's business on the online commerce site that can be applied to a formula used by a cash provider to evaluate the risk associated with lending the seller cash. A financial account used by the seller can rapidly receive the cash loan (if approved) and payments received by the seller from buyers would go into this financial account which is then used to automatically pay the cash provider back at agreed upon terms.Type: ApplicationFiled: September 30, 2019Publication date: June 11, 2020Applicant: Kabbage, Inc.Inventors: Robert Frohwein, Kathryn Petralia
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Publication number: 20190333144Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. Data from a delivery service can be automatically retrieved by the cash provider/cash server in order to determine the volume of shipments that the seller has been making. This volume can be used when the cash server determines the seller's score in order to evaluate an application for cash.Type: ApplicationFiled: March 30, 2019Publication date: October 31, 2019Applicant: Kabbage, Inc.Inventors: Robert Frohwein, Kathryn Petralia, Marc Gorlin
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Patent number: 10255632Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. Data from a delivery service can be automatically retrieved by the cash provider/cash server in order to determine the volume of shipments that the seller has been making. This volume can be used when the cash server determines the seller's score in order to evaluate an application for cash.Type: GrantFiled: January 24, 2013Date of Patent: April 9, 2019Assignee: Kabbage, Inc.Inventors: Robert Frohwein, Kathryn Petralia, Marc Gorlin
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Publication number: 20140006202Abstract: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider. Data from a delivery service can be automatically retrieved by the cash provider/cash server in order to determine the volume of shipments that the seller has been making. This volume can be used when the cash server determines the seller's score in order to evaluate an application for cash.Type: ApplicationFiled: January 24, 2013Publication date: January 2, 2014Inventors: Robert Frohwein, Kathryn Petralia, Joseph Gorlin
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Patent number: 7676410Abstract: A customer is assisted in recovering from indebtedness by combining a debt consolidation/settlement program with an installment loan. The customer is qualified for an installment loan with a value based on the amount of outstanding indebtedness or possibly based on the anticipated discounted balance. The customer is required to make payments into an escrow account for a period of time to ensure that the customer is credit worthy. One or more of the creditors are then approached in an effort to negotiate a discounted settlement amount in exchange for the reception of immediate reconciliation of the debt owed. A portion of the negotiated discount is retained for compensation, which can be provided to the debt settlement provider and/or the bank finding the installment loan. The balance is passed through to the customer.Type: GrantFiled: May 12, 2006Date of Patent: March 9, 2010Assignee: CompuCredit Intellectual Property Holdings, Corp. IIInventor: Kathryn Petralia
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Patent number: 7600675Abstract: Methods for providing financial instruments to customers and applicants of a service provider are disclosed. One method, among others, includes providing a device such as a mobile telephone to a user, and providing the user with a contactless card having a financial account identifier that is associated with a financial account.Type: GrantFiled: December 28, 2005Date of Patent: October 13, 2009Assignee: Compucredit Intellectual Property Holdings Corp. IIInventors: Kathryn Petralia, Robert James Frohwein
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Publication number: 20070265958Abstract: A customer is assisted in recovering from indebtedness by combining a debt consolidation/settlement program with an installment loan. The customer is qualified for an installment loan with a value based on the amount of outstanding indebtedness or possibly based on the anticipated discounted balance. The customer is required to make payments into an escrow account for a period of time to ensure that the customer is credit worthy. One or more of the creditors are then approached in an effort to negotiate a discounted settlement amount in exchange for the reception of immediate reconciliation of the debt owed. A portion of the negotiated discount is retained for compensation, which can be provided to the debt settlement provider and/or the bank finding the installment loan. The balance is passed through to the customer.Type: ApplicationFiled: May 12, 2006Publication date: November 15, 2007Inventor: Kathryn Petralia
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Publication number: 20070162381Abstract: Methods for providing financial instruments to customers and applicants of a service provider are disclosed. One method, among others, includes providing a device such as a mobile telephone to a user, and providing the user with a contactless card having a financial account identifier that is associated with a financial account.Type: ApplicationFiled: December 28, 2005Publication date: July 12, 2007Inventors: Kathryn Petralia, Robert Frohwein
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Patent number: RE46347Abstract: Methods A system and method for providing financial instruments to customers and applicants of a service provider are disclosed. One method, among others, includes providing a device such as a mobile telephone to a user, and providing the user with a contactless card having a financial account identifier that is associated with a financial account.Type: GrantFiled: February 22, 2010Date of Patent: March 21, 2017Assignee: CCIP Corp.Inventors: Kathryn Petralia, Robert J. Frohwein, Chuck Kyriacos Papageorgiou