Patents by Inventor Leonard Justin Laufer

Leonard Justin Laufer 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 transaction processing and balance transfer processing
    Patent number: 8086524
    Abstract: One embodiment of the present invention relates to a computer implemented method for transaction processing that includes: transacting for a first and a second transactions for at least one of: a purchase; and a cash advance; sending requests for authorization of the first and second transactions; declining, by a primary lender, the requests for authorization; evaluating the declined requests for authorization by a secondary lender; authorizing, by the secondary lender, the declined requests for authorization in the form of authorization approvals; communicating the authorization approvals by the primary lender; posting the transactions to a balance sheet of the secondary lender in the form of amounts due to the primary lender; funding the transactions by the primary lender; summing up one or more debits and one or more credits of the posted transactions of the secondary lender; and settling any amounts due between the primary and secondary lenders.
    Type: Grant
    Filed: September 10, 2007
    Date of Patent: December 27, 2011
    Inventors: Patrick James Craig, Konrad Simeon Feldman, Leonard Justin Laufer, Michael Heller, Paul Sutter, Nikolas Alexander Sulkowski