Patents by Inventor Steven M. Kurk

Steven M. Kurk 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).

  • Balance rewards account system and method
    Patent number: 7797238
    Abstract: A method for operating an account includes several steps. The account is provided for holding assets of a customer, the account having a variable value controlled by the customer. At least a portion of the assets are held in the account for a time period that includes a plurality of cycles. At least a portion of the assets are invested during the time period, and earnings on the investment are transmitted to the customer. A plurality of average cycle values of the account are calculated, with each average cycle value calculated over one of the plurality of cycles. A minimum average cycle value is selected from the plurality of average cycle values, and a bonus is calculated based on the minimum average cycle value. The bonus is transmitted to the customer, and the customer chooses whether to repeat the process.
    Type: Grant
    Filed: November 30, 2006
    Date of Patent: September 14, 2010
    Assignee: Bank of America Corporation
    Inventors: Chandler Raymond Chinn, Thomas Patrick Duffy, Steven M. Grill, Dean Kluesner, Steven M. Kurk, John Michael Rees
  • Balance Rewards Account System And Method
    Publication number: 20080133341
    Abstract: A method for operating an account includes several steps. The account is provided for holding assets of a customer, the account having a variable value controlled by the customer. At least a portion of the assets are held in the account for a time period that includes a plurality of cycles. At least a portion of the assets are invested during the time period, and earnings on the investment are transmitted to the customer. A plurality of average cycle values of the account are calculated, with each average cycle value calculated over one of the plurality of cycles. A minimum average cycle value is selected from the plurality of average cycle values, and a bonus is calculated based on the minimum average cycle value. The bonus is transmitted to the customer, and the customer chooses whether to repeat the process.
    Type: Application
    Filed: November 30, 2006
    Publication date: June 5, 2008
    Applicant: Bank of America Corporation
    Inventors: Chandler Raymond Chinn, Thomas Patrick Duffy, Steven M. Grill, Dean Kluesner, Steven M. Kurk, John Michael Rees