Patents by Inventor Thayer Allison

Thayer Allison 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).

  • Publication number: 20150134511
    Abstract: Systems, methods, and computer program products are provided for customer-defined financial institution account management rules associated with linked financial institution accounts. The methods, systems and computer program products herein described allow the customer to define rules that maximize the customer's rate of return and/or minimizing the likelihood of insufficient funding of an account leading to a withdrawal in excess of account balance. Thus, poor utilization of cash in terms of excessive balances in non-interest bearing accounts or low-interest bearing accounts is minimized by automatically transferring, based on a customer-defined rules, the funds to a higher rate of return account. Additionally, managing a primary payment account, such as a checking or bill account, is addressed so as to ensure that funds are sufficient to cover the customer's expenditures.
    Type: Application
    Filed: November 6, 2014
    Publication date: May 14, 2015
    Inventors: Debashis Ghosh, Kurt D. Newman, David Joa, Sundeshna Banerjee, Thayer Allison, Yanghong Shao, Mark V. Krein
  • Publication number: 20150073977
    Abstract: Transaction data is processed using a store number that is associated with a merchant. By analyzing sales of a merchant by store, a financial institution can better assess the financial health of a merchant. The financial institution can subsequently evaluate different value propositions that may be offered to the merchant or a consumer. The store numbers are extracted from the transaction entries so that a performance metric can be determined by store locations of the merchant. Consequently, the financial institution can determine the financial health of the merchant based on individual stores rather than on the total sales of the merchant. Different value propositions can be offered by the financial institution to a merchant or a consumer of the merchant based on an analysis of the transaction data. Transaction data for different merchants and different geographic areas can be compared to identify potential customers for the financial institution.
    Type: Application
    Filed: November 14, 2014
    Publication date: March 12, 2015
    Inventors: Debashis Ghosh, Sreedevi Gummuluri, Sudeshna Banerjee, Yanghong Shao, Kurt Newman, David Joa, Thayer Allison
  • Publication number: 20140236794
    Abstract: Aspects of this disclosure relate to a computer configured to identify potential customers which may include a processor and memory storing computer executable instructions that, when executed, cause the computer to perform a method for identifying potential customers for a first bank, by electronically receiving data regarding the first bank, electronically receiving data regarding a second bank. Further, based on the electronically received data the method may further include identifying locations of the first bank, identifying locations of the second bank, comparing the locations of the first bank with the locations of the second bank, determining locations of the second bank that are within a predetermined distance of at least one location of the first bank, determining an amount of funds in a set of deposit accounts in each location of the second bank, and determining if the amount of funds in each location of the second bank is more than a predetermined amount.
    Type: Application
    Filed: April 30, 2014
    Publication date: August 21, 2014
    Applicant: BANK OF AMERICA CORPORATION
    Inventors: Mark Krein, Debashis Ghosh, Thayer Allison, JR., Kurt Newman, Yanghong Shao, Sudeshna Banerjee, David Joa
  • Patent number: 8751342
    Abstract: Aspects of this disclosure relate to a computer configured to identify potential customers which may include a processor and memory storing computer executable instructions that, when executed, cause the computer to perform a method for identifying potential customers for a first bank, by electronically receiving data regarding the first bank, electronically receiving data regarding a second bank. Further, based on the electronically received data the method may further include identifying locations of the first bank, identifying locations of the second bank, comparing the locations of the first bank with the locations of the second bank, determining locations of the second bank that are within a predetermined distance of at least one location of the first bank, determining an amount of funds in a set of deposit accounts in each location of the second bank, and determining if the amount of funds in each location of the second bank is more than a predetermined amount.
    Type: Grant
    Filed: January 5, 2010
    Date of Patent: June 10, 2014
    Assignee: Bank of America Corporation
    Inventors: Mark Krein, Debashis Ghosh, Thayer Allison, Kurt Newman, Yanghong Shao, Sudeshna Banerjee, David Joa
  • Patent number: 8682785
    Abstract: Systems, methods, and computer program products are provided for providing a consumer with information about the balance of the consumer's credit or debit account after a transaction, such as a purchase transaction, is made using the credit or debit account. In one embodiment, the issuing bank attaches a number representing the balance of the consumer's credit or debit account and/or other information about the balance to the authorization code when authorizing a purchase transaction so that, when a vendor provides the consumer with a purchase receipt that has the authorization code on the receipt, the balance information is automatically included on the receipt with the authorization code. In this way, the consumer can keep track of spending by knowing the total balance of the consumer's credit and/or debit account and/or other balance information after each credit or debit card purchase.
    Type: Grant
    Filed: October 30, 2008
    Date of Patent: March 25, 2014
    Assignee: Bank of America Corporation
    Inventors: Debashis Ghosh, David Joa, Kurt D. Newman, Thayer Allison, Sudeshna Banerjee, Mark V. Krein
  • Patent number: 8645264
    Abstract: Apparatus and methods for processing a loan application. The apparatus and methods may involve accessing a financial institution customer account that includes a plurality of transactions; identifying those transactions that belong to a predetermined transaction category; and summarizing the transactions. Summary information may be presented as part of an income and expenses flow report that at least partially characterizes the account or the applicant. A financial institution representative may query a database for the summary information and, optionally, initiate an underwriting process based on the loan application and the summary information.
    Type: Grant
    Filed: October 23, 2008
    Date of Patent: February 4, 2014
    Assignee: Bank of America Corporation
    Inventors: Thayer Allison, Robert Caruso, Sudeshna Banerjee, Debashis Ghosh, Kurt Newman, David Joa, Arun Pinto, Yanghong Shao
  • Patent number: 8645245
    Abstract: Systems, methods, and computer program products are provided for optimizing amounts collected in an offset action where a creditor attaches funds from a debtor's deposits account to satisfy overdue debt payments. In operation, embodiments of the present invention leverage a deposits account's transaction history to detect a deposit pattern for the account and, based on the detected pattern, predict the date of the next large deposit to the attachable account. An offset associate, using the present invention, can then schedule the offset action to occur on the expected date of the next large deposit.
    Type: Grant
    Filed: July 30, 2010
    Date of Patent: February 4, 2014
    Assignee: Bank of America Corporation
    Inventors: Debashis Ghosh, Yanghong Shao, David Joa, Kurt Newman, Sudeshna Banerjee, Thayer Allison, Arun Pinto, Preston Wesley Ports, III, Mark Krein
  • Patent number: 8566217
    Abstract: Apparatus and methods for providing a trading recommendation. The apparatus and methods may involve using information about events and reactions to the events. The events and the reactions may be used to identify an expected impact of the event on a market. The expected impact may be used to recommend investment vehicle trades. The methods may include receiving an information item that relates to an event; receiving a sentiment indicator corresponding to the item; assigning to the item a market impact weighting index that is at least partially based on the sentiment indicator; and, based at least partially on the market impact weighting index, selecting the trading recommendation from a database of trading recommendations.
    Type: Grant
    Filed: September 24, 2008
    Date of Patent: October 22, 2013
    Assignee: Bank of America Corporation
    Inventors: Debashis Ghosh, David Joa, Kurt D. Newman, Thayer Allison, Sudeshna Banerjee, Mark Krein
  • Patent number: 8504458
    Abstract: Embodiments of the present invention relate to apparatuses, systems, methods, and computer program products for determining an investment strategy for a security. In one embodiment, an apparatus comprises a processor configured to: (1) receive information identifying a security; (2) access historical market data for the security, wherein the historical market data includes historical values, over a historical period of time, for one or more market parameters for the security; (3) use the historical market data to determine a relationship between a market parameter's value and the security's value during the historical period of time; and (4) use the relationship to determine an investment strategy that determines trading decisions based at least partially on the market parameter's value.
    Type: Grant
    Filed: March 27, 2009
    Date of Patent: August 6, 2013
    Assignee: Bank of America Corporation
    Inventors: Aaron Lai, Debashis Ghosh, David Joa, Kurt Newman, Thayer Allison, Sudeshna Banerjee
  • Patent number: 8386319
    Abstract: Embodiments of the present invention relate to systems, methods, and computer program products for assessing student prospects. More specifically, embodiments of the present invention are directed to receiving transaction data from a transaction involving a consumer, comparing the transaction data to an education position rule, and determining an education position based at least partially on a comparison of the transaction data to an education position rule.
    Type: Grant
    Filed: December 19, 2008
    Date of Patent: February 26, 2013
    Assignee: Bank of America Corporation
    Inventors: Sudeshna Banerjee, Debashis Ghosh, Nicholas Halpern, Sreedevi Gummuluri, David Joa, Thayer Allison, Kurt D. Newman, Sean Michael Jones
  • Patent number: 8200708
    Abstract: Systems and methods for making biometric data susceptible to use in locating individuals and tracking the location of individuals over time are provided. The system may involve the collection of initial biometric data, including iris scans, and corresponding identification information, the entry of such data into a database, and then the further collection of biometric data associated with locational information and entry of that data into a database correlating to the first database.
    Type: Grant
    Filed: December 29, 2008
    Date of Patent: June 12, 2012
    Assignee: Bank of America Corporation
    Inventors: Debashis Ghosh, Michael O'Hagan, David Joa, Kurt D. Newman, Thayer Allison, Sudeshna Banerjee, Mark V. Krein
  • Patent number: 8073732
    Abstract: Embodiments of the invention relate to systems, methods, and computer program products for providing a customer network in which customers are incentivized to “opt-in” to a marketing program. For example, the invention builds a network of customers, collects and stores customers' demographic information, compiles mailing lists based on list purchasers' requested demographic criteria, sells the compiled mailing lists to list purchasers, and compensates those customers included on the mailing lists.
    Type: Grant
    Filed: July 10, 2008
    Date of Patent: December 6, 2011
    Assignee: Bank of America Corporation
    Inventors: Debashis Ghosh, Thayer Allison, Sudeshna Banerjee, David Joa, Mark Krein, Kurt Newman
  • Publication number: 20110166976
    Abstract: Aspects of this disclosure relate to a potential-customer identifying computer which may include a processor and memory storing computer executable instructions that, when executed, cause the computer to perform a method for identifying potential customers for a first organization, by identifying financial accounts of the first organization wherein a customer associated with one of the respective financial accounts has made a payment on their respective financial account using a deposit account that the customer holds with a second organization. Further, the potential customer identifying computer may electronically retrieve, from a customer profile database, customer profile information for each of the financial accounts of the first organization and determine whether the customer profile information includes a bank routing number associated with the second organization.
    Type: Application
    Filed: January 5, 2010
    Publication date: July 7, 2011
    Applicant: BANK OF AMERICA CORPORATION
    Inventors: Mark KREIN, Debashis GHOSH, Thayer ALLISON, Kurt NEWMAN, Yanghong SHAO, Sudeshna BANERJEE, David JOA
  • Publication number: 20110166977
    Abstract: Aspects of this disclosure relate to a computer configured to identify potential customers which may include a processor and memory storing computer executable instructions that, when executed, cause the computer to perform a method for identifying potential customers for a first bank, by electronically receiving data regarding the first bank, electronically receiving data regarding a second bank. Further, based on the electronically received data the method may further include identifying locations of the first bank, identifying locations of the second bank, comparing the locations of the first bank with the locations of the second bank, determining locations of the second bank that are within a predetermined distance of at least one location of the first bank, determining an amount of funds in a set of deposit accounts in each location of the second bank, and determining if the amount of funds in each location of the second bank is more than a predetermined amount.
    Type: Application
    Filed: January 5, 2010
    Publication date: July 7, 2011
    Applicant: BANK OF AMERICA CORPORATION
    Inventors: Mark KREIN, Debashis GHOSH, Thayer ALLISON, Kurt NEWMAN, Yanghong SHAO, Sudeshna BANERJEE, David JOA
  • Publication number: 20100299250
    Abstract: Systems, methods, and computer program products are provided for optimizing amounts collected in an offset action where a creditor garnishes funds from a debtor's deposits account to satisfy delinquent debt payments. In operation, embodiments of the present invention leverage a deposits account's transaction history to detect a deposit pattern for the account and, based on the detected pattern, predict the date of the next large deposit to the garnishable account. An offset associate, using the present invention, can then schedule the offset action to occur on the expected date of the next large deposit.
    Type: Application
    Filed: July 30, 2010
    Publication date: November 25, 2010
    Applicant: Bank of America Corporation
    Inventors: Debashis Ghosh, Yanghong Shao, David Joa, Kurt Newman, Sudeshna Banerjee, Thayer Allison, Arun Pinto, Preston Wesley Ports, III, Mark Krein
  • Publication number: 20100274718
    Abstract: Systems, methods, and computer program products are provided for an automated system for financial institution account management. The methods, systems and computer program products herein described allow the customer to link financial institution accounts and authorize a financial institution automatically and intuitively manage the linked accounts. Automated management includes managing the transfer of funds between accounts to ensure minimum balances, maximize rate of return and minimize the number of transfers between accounts.
    Type: Application
    Filed: April 27, 2009
    Publication date: October 28, 2010
    Applicant: Bank of America Corporation
    Inventors: Debashis Ghosh, Kurt D. Newman, David Joa, Sudeshna Banerjee, Thayer Allison, Yanghong Shao, Mark V. Krein
  • Publication number: 20100274687
    Abstract: Systems, methods, and computer program products are provided for customer-defined financial institution account management rules associated with linked financial institution accounts. The methods, systems and computer program products herein described allow the customer to define rules that maximize the customer's rate of return and/or minimizing the likelihood of insufficient funding of an account leading to an overdraft. Thus, poor utilization of cash in terms of excessive balances in non-interest bearing accounts or low-interest bearing accounts is minimized by automatically transferring, based on a customer-defined rules, the funds to a higher rate of return account. Additionally, managing a primary payment account, such as a checking or bill account, is addressed so as to ensure that funds are sufficient to cover the customer's expenditures.
    Type: Application
    Filed: April 27, 2009
    Publication date: October 28, 2010
    Applicant: BANK OF AMERICA CORPORATION
    Inventors: Debashis Ghosh, Kurt D. Newman, David Joa, Sudeshna Banerjee, Thayer Allison, Yanghong Shao, Mark V. Krein
  • Patent number: 7792727
    Abstract: Systems, methods, and computer program products are provided for optimizing amounts collected in an offset action where a creditor garnishes funds from a debtor's deposits account to satisfy delinquent debt payments. In operation, embodiments of the present invention leverage a deposits account's transaction history to detect a deposit pattern for the account and, based on the detected pattern, predict the date of the next large deposit to the garnishable account. An offset associate, using the present invention, can then schedule the offset action to occur on the expected date of the next large deposit.
    Type: Grant
    Filed: October 21, 2008
    Date of Patent: September 7, 2010
    Assignee: Bank of America Corporation
    Inventors: Debashis Ghosh, Yanghong Shao, David Joa, Kurt Newman, Sudeshna Banerjee, Thayer Allison, Arun Pinto, Preston Wesley Ports, III, Mark Krein
  • Publication number: 20100169386
    Abstract: Systems and methods for making biometric data susceptible to use in locating individuals and tracking the location of individuals over time are provided. The system may involve the collection of initial biometric data, including iris scans, and corresponding identification information, the entry of such data into a database, and then the further collection of biometric data associated with locational information and entry of that data into a database correlating to the first database.
    Type: Application
    Filed: December 29, 2008
    Publication date: July 1, 2010
    Applicant: BANK OF AMERICA
    Inventors: Debashis Ghosh, Michael O'Hagan, David Joa, Kurt D. Newman, Thayer Allison, Sudeshna Banerjee, Mark V. Krein
  • Publication number: 20100114724
    Abstract: Systems, methods, and computer program products are provided for providing a consumer with information about the balance of the consumer's credit or debit account after a transaction, such as a purchase transaction, is made using the credit or debit account. In one embodiment, the issuing bank attaches a number representing the balance of the consumer's credit or debit account and/or other information about the balance to the authorization code when authorizing a purchase transaction so that, when a vendor provides the consumer with a purchase receipt that has the authorization code on the receipt, the balance information is automatically included on the receipt with the authorization code. In this way, the consumer can keep track of spending by knowing the total balance of the consumer's credit and/or debit account and/or other balance information after each credit or debit card purchase.
    Type: Application
    Filed: October 30, 2008
    Publication date: May 6, 2010
    Applicant: BANK OF AMERICA CORPORATION
    Inventors: Debashis Ghosh, David Joa, Kurt D. Newman, Thayer Allison, Sudeshna Banerjee, Mark V. Krein