Patents by Inventor Richard Re
Richard Re 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: 20230401547Abstract: Systems and methods for optimized payment selection and intelligent routing are disclosed. According to one embodiment, a method for optimized payment selection and intelligent routing may include: (1) receiving, by a payment selection and routing engine, obligation data for a payment from a payor; (2) identifying, by a machine learning engine, payment information from the obligation data; (3) retrieving, by the machine learning engine, client data, account data, and payment route data from the payment data; (4) retrieving, by the machine learning engine, machine learning rules for payments; (5) applying, by the machine learning engine, the machine learning rules to predict a payment route of a plurality of payment routes for the payment; and (6) routing, by the machine learning engine, the payment using the payment route.Type: ApplicationFiled: June 9, 2022Publication date: December 14, 2023Inventors: Chuck LIGGETT, Matt LOOS, Gary Brian WORD, Palka PATEL, Richard RE, Keith DAWKINS, Tulasi MOVVA, Rohini BADWAL, Amar S. KAKIRDE
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Patent number: 11489673Abstract: Systems and methods for device registration and authentication are disclosed. In one embodiment, a method for authentication of a device may include (1) receiving, at a mobile device, a first credential; (2) transmitting, over a network, the first credential to a server; (3) receiving, from the server, a first key and a first value, the first value comprising a receipt for the first credential; (4) receiving, at the mobile device, a data entry for a second credential; (5) generating, by a processor, a second key from the data entry; (6) retrieving, by the mobile device, a third credential using the first key and the second key; (7) signing, by the mobile device, the first value with the third credential; and (8) transmitting, over the network, the signed third value to the server.Type: GrantFiled: May 27, 2020Date of Patent: November 1, 2022Assignee: JPMORGAN CHASE BANK, N.A.Inventors: Glenn Benson, Salvatore Richard Re
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Publication number: 20220309461Abstract: Systems and methods for real-time payment on delivery via a request for payment are disclosed. In one embodiment, a method may include: receiving, at a merchant application associated with a merchant, an order for a good to be submitted to a distributor; communicating, to a payment on demand (POD) application executed by a backend, the order; receiving, at the merchant application and from the POD application, a notification that a delivery vehicle for the good is en route to a merchant location; receiving, at the merchant application and from the POD application, a request for payment for the good after the good is delivered, wherein the distributor confirms delivery with the POD application; and communicating, by the merchant application and to the POD application, receipt of the good from the distributor; wherein the POD application executes payment for the good from a merchant account to a distributor account.Type: ApplicationFiled: March 26, 2021Publication date: September 29, 2022Inventors: Liv Nakamura WANG, S Richard RE, Ana GARCIA, William Gregory KERWICK, III, Kimberly A KEELY, Sofia FREYDER, Rachel S DOMINGO
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Publication number: 20200295940Abstract: Systems and methods for device registration and authentication are disclosed. In one embodiment, a method for authentication of a device may include (1)receiving, at a mobile device, a first credential; (2) transmitting, over a network, the first credential to a server; (3) receiving, from the server, a first key and a first value, the first value comprising a receipt for the first credential; (4) receiving, at the mobile device, a data entry for a second credential; (5) generating, by a processor, a second key from the data entry; (6) retrieving, by the mobile device, a third credential using the first key and the second key; (7) signing, by the mobile device, the first value with the third credential; and (8) transmitting, over the network, the signed third value to the server.Type: ApplicationFiled: May 27, 2020Publication date: September 17, 2020Inventors: Glenn Benson, Salvatore Richard Re
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Patent number: 10708059Abstract: Systems and methods for device registration and authentication are disclosed. In one embodiment, a method for authentication of a device may include (1) receiving, at a mobile device, a first credential; (2) transmitting, over a network, the first credential to a server; (3) receiving, from the server, a first key and a first value, the first value comprising a receipt for the first credential; (4) receiving, at the mobile device, a data entry for a second credential; (5) generating, by a processor, a second key from the data entry; (6) retrieving, by the mobile device, a third credential using the first key and the second key; (7) signing, by the mobile device, the first value with the third credential; and (8) transmitting, over the network, the signed third value to the server.Type: GrantFiled: June 14, 2018Date of Patent: July 7, 2020Assignee: JPMorgan Chase Bank, N.A.Inventors: Glenn Benson, Salvatore Richard Re
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Patent number: 10185936Abstract: A system and method for effectuating Electronic Funds Transfer credit messages. The main structural components of the system include a Payment Portal Processor (Web Broker), an Internet Pay Anyone (IPA) Account, a Virtual Private Lockbox (VPL) and an associated Account Reporter, the existing EFT networks, and a cash card for accessing a VPL or IP account. The Web Broker is a software application that provides a secure portal for accessing (linking to) either the user's Demand Deposit Account (DDA) or an IPA account and can be combined with the functionality of a traditional digital Wallet. Consumers use a Web Broker enhanced Wallet to fund their account, shop on the web, pay bills, pay anyone, store electronic receipts and transaction history, and check their recent Web Broker enhanced Wallet activity. The IPA account is a special purpose account with limited functionality for making electronic payments in the form of EFT credit messages.Type: GrantFiled: June 21, 2001Date of Patent: January 22, 2019Assignee: JPMorgan Chase Bank, N.A.Inventors: Denis O'Leary, Vincent D'Agostino, S. Richard Re, Jessica Burney, Adam Hoffman
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Publication number: 20180302223Abstract: Systems and methods for device registration and authentication are disclosed. In one embodiment, a method for authentication of a device may include (1) receiving, at a mobile device, a first credential; (2) transmitting, over a network, the first credential to a server; (3) receiving, from the server, a first key and a first value, the first value comprising a receipt for the first credential; (4) receiving, at the mobile device, a data entry for a second credential; (5) generating, by a processor, a second key from the data entry; (6) retrieving, by the mobile device, a third credential using the first key and the second key; (7) signing, by the mobile device, the first value with the third credential; and (8) transmitting, over the network, the signed third value to the server.Type: ApplicationFiled: June 14, 2018Publication date: October 18, 2018Inventors: Glenn Benson, Salvatore Richard Re
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Patent number: 10027485Abstract: Systems and methods for device registration and authentication are disclosed. In one embodiment, a method for authentication of a device may include (1) receiving, at a mobile device, a first credential; (2) transmitting, over a network, the first credential to a server; (3) receiving, from the server, a first key and a first value, the first value comprising a receipt for the first credential; (4) receiving, at the mobile device, a data entry for a second credential; (5) generating, by a processor, a second key from the data entry; (6) retrieving, by the mobile device, a third credential using the first key and the second key; (7) signing, by the mobile device, the first value with the third credential; and (8) transmitting, over the network, the signed third value to the server.Type: GrantFiled: February 4, 2015Date of Patent: July 17, 2018Assignee: JPMorgan Chase Bank, N.A.Inventors: Glenn Benson, Salvatore Richard Re
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Publication number: 20150154697Abstract: A system and method for accelerated client bank account opening is disclosed. In one embodiment, the method includes (1) using a computer network: (a) receiving identification information for a representative for a client; (b) receiving a request from the representative to open a new account for the client; and (2) using a computer processor: (a) verifying the representative's authority to open the new account; (b) determining if any documents are required from the client to open the new account; (c) receiving a selection of an account type to open for the client from the representative; and (d) opening the selected account type for the client. A method for accelerated bank account opening for a new client is disclosed.Type: ApplicationFiled: July 8, 2010Publication date: June 4, 2015Applicant: JPMORGAN CHASE BANK, N.A.Inventors: S. Richard RE, Linda MUNRO
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Patent number: 8984276Abstract: Systems and methods for device registration and authentication are disclosed. In one embodiment, a method for authentication of a device may include (1) receiving, at a mobile device, a first credential; (2) transmitting, over a network, the first credential to a server; (3) receiving, from the server, a first key and a first value, the first value comprising a receipt for the first credential; (4) receiving, at the mobile device, a data entry for a second credential; (5) generating, by a processor, a second key from the data entry; (6) retrieving, by the mobile device, a third credential using the first key and the second key; (7) signing, by the mobile device, the first value with the third credential; and (8) transmitting, over the network, the signed third value to the server.Type: GrantFiled: June 8, 2012Date of Patent: March 17, 2015Assignee: JPMorgan Chase Bank, N.A.Inventors: Glenn Benson, Salvatore Richard Re
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Patent number: 8738521Abstract: Embodiments of the invention include a method and system for conducting financial transactions over a payment network. The method may include associating a payment address of an account with an account holder name, the account residing at a financial institution and the associated payment address of the account configured to allow withdrawals by the account holder only and to allow a plurality of deposits to be made at different times. The method further includes freely publishing the payment address and making it available to users of an internet portal or search engine. The method further includes receiving data over a network identifying a deposit to be made to the account, assigning the deposit to the account using the payment address, and notifying the payer of the assignment. At least one directory is used for associating the account holder with the payment address.Type: GrantFiled: March 8, 2013Date of Patent: May 27, 2014Assignee: JPMorgan Chase Bank, N.A.Inventors: Denis O'Leary, Vincent D'Agostino, S. Richard Re, Jessica Burney, Adam Hoffman
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Patent number: 8694425Abstract: Embodiments of the invention include a method and system for effectuating an electronic payment between a payor and a payee using an Electronic Funds Transfer (EFT) network. The method is implemented by a system having multiple processors. The payor may hold a payor account at a payor institution and the payee may have a payee account at a payee institution. The method includes generating a payment authorization identifying the payee institution, the payee account, and an amount of the payment and transmitting the payment authorization to the payor institution. The method further includes debiting the payor account by the amount of the payment; transmitting from the payor institution to the payee institution through the EFT network an EFT credit message representing a credit in the amount of the payment; and crediting the payee account in the amount of the payment in response to the receipt of the EFT credit message.Type: GrantFiled: March 26, 2012Date of Patent: April 8, 2014Assignee: JPMorgan Chase Bank, N.A.Inventors: Denis O'Leary, Vincent D'Agostino, S. Richard Re, Jessica Burney, Adam Hoffman
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Patent number: 8630945Abstract: A system and method for integrating transaction processing is disclosed. The different processes are integrated by use of a controlling processing engine which contains instructions on how the processes should be treated. The system and method provides an end to end integrated system for processing payments and reporting the transaction results in real time. The system and method allows customers to have access to the transaction data in real time and return any excepted payments in real time.Type: GrantFiled: March 13, 2013Date of Patent: January 14, 2014Assignee: JPMorgan Chase Bank, N.A.Inventors: Albert Sun, Howard Shaw, Matt Vanhouten, Richard Re
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Publication number: 20130317984Abstract: Embodiments of the invention include a method and system for conducting financial transactions over a payment network. The method may include associating a payment address of an account with an account holder name, the account residing at a financial institution and the associated payment address of the account configured to allow withdrawals by the account holder only and to allow a plurality of deposits to be made at different times. The method further includes freely publishing the payment address and making it available to users of an internet portal or search engine. The method further includes receiving data over a network identifying a deposit to be made to the account, assigning the deposit to the account using the payment address, and notifying the payer of the assignment. At least one directory is used for associating the account holder with the payment address.Type: ApplicationFiled: August 5, 2013Publication date: November 28, 2013Applicant: JPMorgan Chase Bank, N.A.Inventors: Denis O'Leary, Vincent D'Agostino, S. Richard Re, Jessica Burney, Adam Hoffman
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Patent number: 8595083Abstract: Embodiments of the invention include a method and system for effectuating an electronic payment between a payor and a payee using an Electronic Funds Transfer (EFT) network. The method is implemented by a system having multiple processors. The payor may hold a payor account at a payor institution and the payee may have a payee account at a payee institution. The method includes generating a payment authorization identifying the payee institution, the payee account, and an amount of the payment and transmitting the payment authorization to the payor institution. The method further includes debiting the payor account by the amount of the payment; transmitting from the payor institution to the payee institution through the EFT network an EFT credit message representing a credit in the amount of the payment; and crediting the payee account in the amount of the payment in response to the receipt of the EFT credit message.Type: GrantFiled: September 14, 2012Date of Patent: November 26, 2013Assignee: JPMorgan Chase Bank, National AssociationInventors: Denis O'Leary, Vincent D'Agostino, S. Richard Re, Jessica Burney, Adam Hoffman
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Publication number: 20130179681Abstract: Systems and methods for device registration and authentication are disclosed. In one embodiment, a method for authentication of a device may include (1) receiving, at a mobile device, a first credential; (2) transmitting, over a network, the first credential to a server; (3) receiving, from the server, a first key and a first value, the first value comprising a receipt for the first credential; (4) receiving, at the mobile device, a data entry for a second credential; (5) generating, by a processor, a second key from the data entry; (6) retrieving, by the mobile device, a third credential using the first key and the second key; (7) signing, by the mobile device, the first value with the third credential; and (8) transmitting, over the network, the signed third value to the server.Type: ApplicationFiled: June 8, 2012Publication date: July 11, 2013Applicant: JPMORGAN CHASE BANK, N.A.Inventors: Glenn Benson, Salvatore Richard Re
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Patent number: 8468092Abstract: A computer implemented system is provided for processing payments. A server including a computer memory storing a first database including a directory is provided. The directory includes authenticated registrant information comprising authenticated information for a payee, the directory identifying via a publicly available account identifier at least one linked account of said payee. The system also includes a payor computer having access to the directory and a first bank computer linked via a computer network to the server, the first bank computer configured to access payor account information from a payor account at the first bank. The first bank computer is also configured to receive payment information from the payor computer identifying the payee and to transmit a payment from the payor account at the first bank to the linked payee account located at a second bank without using an intermediary to transfer said payment.Type: GrantFiled: April 10, 2012Date of Patent: June 18, 2013Assignee: JPMorgan Chase Bank, N.A.Inventors: Denis O'Leary, Vincent D'Agostino, S. Richard Re, Jessica Burney, Adam Hoffman
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Patent number: 8452703Abstract: Embodiments of the invention include a method and system for conducting financial transactions over a payment network. The method may include associating a payment address of an account with an account holder name, the account residing at a financial institution and the associated payment address of the account configured to allow withdrawals by the account holder only and to allow a plurality of deposits to be made at different times. The method further includes freely publishing the payment address and making it available to users of an internet portal or search engine. The method further includes receiving data over a network identifying a deposit to be made to the account, assigning the deposit to the account using the payment address, and notifying the payer of the assignment on a real time basis. At least one directory is used for associating the account holder with the payment address.Type: GrantFiled: April 10, 2012Date of Patent: May 28, 2013Assignee: JP Morgan Chase Bank, NAInventors: Denis O'Leary, Vincent D'Agostino, S. Richard Re, Jessica Burney, Adam Hoffman
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Patent number: 8433652Abstract: A computer implemented payment processing method and system are provided for facilitating electronic purchase transactions by a purchaser from a merchant. The method implements a payment processing system including at least one computer processor and at least one computer memory and includes multiple steps. The steps include receiving, at the at least one computer processor of the payment processing system, a payment request associated with the electronic purchase transaction, the request including information, but not including confidential financial account numbers. The method further includes performing authentication to authenticate the purchaser and verification procedures to verify funds available at the payment processing system based on the order information and non-confidential information and determining whether the cash payment can be completed based on the authentication and verification procedures.Type: GrantFiled: March 29, 2012Date of Patent: April 30, 2013Assignee: JPMorgan Chase Bank, N.A.Inventors: Denis O'Leary, Vincent D'Agostino, S. Richard Re, Jessica Burney, Adam Hoffman
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Publication number: 20130030995Abstract: A system and method for effectuating Electronic Funds Transfer credit messages. The main structural components of the system include a Payment Portal Processor (PPP), an Internet Pay Anyone (IPA) Account, a Virtual Private Lockbox (VPL) and an associated Account Reporter, the existing EFT networks, and a cash card for accessing a VPL or IP account. The PPP is a software application that provides a secure portal for accessing (linking to) either the user's Demand Deposit Account (DDA) or an IPA account and can be combined with the functionality of a traditional digital Wallet. Consumers use a PPP enhanced Wallet to fund their account, shop on the web, pay bills, pay anyone, store electronic receipts and transaction history, and check their recent PPP enhanced Wallet activity. The IPA account is a special purpose account with limited functionality for making electronic payments in the form of EFT credit messages.Type: ApplicationFiled: September 14, 2012Publication date: January 31, 2013Inventors: Denis O'Leary, Vincent D'Agostino, S. Richard Re, Jessica Burney, Adam Hoffman