Remote Banking (e.g., Home Banking) Patents (Class 705/42)
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Patent number: 8751347Abstract: A method begins with a payment entity device receiving an accounts payable data file from a client entity processing module. The method continues with the payment entity device determining a method of payment for an account payable of the accounts payable data file in accordance with a payables profile. The method continues with the payment entity device initiating a first type of payment for the account payable when the method of payment is a first type; initiating a second type of payment for the account payable, when the method of payment is a second type, or initiating a third type of payment for the account payable when the method of payment is a third type.Type: GrantFiled: January 9, 2013Date of Patent: June 10, 2014Assignee: Visa U.S.A. Inc.Inventors: Matthew James Mullen, John Nicholas Marchetti
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Patent number: 8751315Abstract: A method and system for conducting an online payment transaction through a point of sale device. The method includes receiving input from a user selecting an item for purchase through the point of sale device; calculating a total purchase amount for the item in response to a request from the user to purchase the item; and sending payment authorization for the total purchase amount from the point of sale device to a payment entity, in which the payment authorization is sent to the payment entity via a mobile communication device of the user. The method further includes receiving a result of the payment authorization from the payment entity through the mobile communication device; and completing the payment transaction based on the result of the payment authorization.Type: GrantFiled: December 5, 2012Date of Patent: June 10, 2014Inventor: Michelle Fisher
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Publication number: 20140156524Abstract: A method and system for remotely exchanging weighment information via a wireless device, such as a cell phone, pertaining to a vehicle, such as truck, at a vehicle weight station. The system and method may include determining a present location of a vehicle to be weighed, verifying identification information of the vehicle to be weighed and receiving a vehicle weight from a server remote from the wireless device. The system and method may also include exchanging payment information between one or more servers and a wireless device.Type: ApplicationFiled: November 30, 2012Publication date: June 5, 2014Inventors: Eric RUUD, Doyle CONE
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Publication number: 20140156525Abstract: A system provides assistance to a user having a user device proximate a financial institution location. The system determines a user device is within a wireless communication range of the system; establishes a secure connection between the system and the user device; receives user input comprising information indicating a user purpose for visiting the location; and transmits at least one communication based at least in part on the received user purpose for visiting the location. In some embodiments, the system receives user authentication information; authenticates the identity of the user; provides the user access to transactional functionality; receives user information indicating a type of transaction and transaction details; processes the user information to conduct a transaction based at least in part on the type of transaction and the transaction details received from the user; and communicates a message indicating the transaction has been processed to the user.Type: ApplicationFiled: November 30, 2012Publication date: June 5, 2014Applicant: Bank of America CorporationInventors: David M. Grigg, Matthew A. Calman, Carrie Anne Hanson
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Patent number: 8744960Abstract: Embodiments presented herein address the shortcomings and problems discussed above by providing systems and methods for a central system that conducts business-to-business (B2B) payments. In embodiments, a B2B gateway receives payment instructions from one or more buyers. The payment instructions may be received over one of several different systems, for example, a credit card association system or an electronic invoice presentment and payment (EIPP) system. The B2B gateway organizes the payment instructions according to the supplier being paid and the payment system that will be used for the payment. The payment systems may include, but are not limited to, credit card platforms, ACH payments, mailed checks, etc. The suppliers can receive two or more payments from two or more buyers through the B2B gateway.Type: GrantFiled: October 8, 2008Date of Patent: June 3, 2014Assignee: First Data CorporationInventor: James E. Lister
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Patent number: 8738527Abstract: A financial account is established using a mobile computing device. A digital image of an applicant's identification having text based components is captured. The digital image of the identification is processed to recognize at least a portion of the text based components. The portion of the text based components is used to complete an application for the financial account. The digital image of the identification is transmitted to a regulatory body. Verification of the identity of the applicant is received from the regulatory body. The financial account for the applicant is established.Type: GrantFiled: May 9, 2012Date of Patent: May 27, 2014Assignee: FMR LLCInventors: Boris Olegovich Kalinichenko, Joseph G. Ferra
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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: 8738526Abstract: A system and method for making proceeds of an ACH (Automated Clearinghouse) transaction available to a user before the transaction is completed. The system may be part of an on-line system or traditional merchant configured to facilitate payments or fund transfers from users. A user requests the transfer of funds to an entity (e.g., another user, a merchant, the user's account with the system) via an ACH entry. The system calculates a risk associated with the user, while considering various data (e.g., number of previous ACH entries, how many failed, how many succeeded, amount of the transfer). If the risk is low enough, the ACH entry is initiated and the desired funds are released for the transfer even before the ACH entry clears. The ACH entry may be presented as a default choice for funding the transfer.Type: GrantFiled: October 6, 2011Date of Patent: May 27, 2014Assignee: PayPal Inc.Inventors: Luke Paul Nosek, Christopher Richman, Roelof Frederik Botha, Maria Lee, Kyle Hansen, Todd Pearson, Denise Aptekar
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Patent number: 8738489Abstract: A computer-readable medium, computer-implemented method, and financial close management system are provided that manage a schedule. A schedule is a core object of the financial close management system, and is an expression of a template. Managing a schedule can include creating a new schedule, modifying an existing schedule, deleting an existing schedule, duplicating an existing schedule, validating an existing schedule, creating a template from an existing schedule, setting a status of an existing schedule, and importing and exporting an existing schedule. In addition, managing a schedule can include defining task type parameters that can be set during scheduling and setting task parameters of a schedule at a schedule level rather than a task level.Type: GrantFiled: October 27, 2010Date of Patent: May 27, 2014Assignee: Oracle International CorporationInventors: John Clark, Jr., Shailesh Kumar, Fang Liu, David Battaglia
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Patent number: 8738496Abstract: A prepaid messaging solution that uses open networking standards and supports pre-payment of enhanced Internet messaging services. The prepaid messaging solution accurately determines if a subscriber has sufficient account balance to deliver a complete short message, prior to message delivery. Message delivery is prevented if insufficient funds are in the subscriber's account. A prepaid tariff engine, preferably extensible over a TCP/IP network, supports remote interaction with the SMSC and web chat servers to apply a real-time billing charge for each message. A service provider may create subscriber classes of service that define subscriber rates and/or tariffing plans used to apply real-time billing charges for sending/receiving messages. The prepaid short message tariff engine determines the appropriate message billing based upon, e.g., flat rate per message, character count, Time of Day, etc.Type: GrantFiled: May 7, 2012Date of Patent: May 27, 2014Assignee: TeleCommunication Systems, Inc.Inventors: Mark Titus, Dara Ung, Carle S. Johnson, Jr., Erik Wallace, Phillip Geil, Daniel Hronek
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Patent number: 8738475Abstract: This invention relates to a system for viewing and manipulating a user's financial transaction data and a method for associating financial transaction data with a user's project data using a portable electronic device.Type: GrantFiled: March 28, 2013Date of Patent: May 27, 2014Assignee: JPMorgan Chase Bank, NAInventor: Marcia Keld
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Patent number: 8732082Abstract: A computer-implemented system and method for processing an electronic payment. The system and method provides for storage of at least one customizable business rule, which is set by a user, a merchant, a business and/or a third party entity. Upon receipt of electronic digital information relating to a financial transaction between a first entity and a second entity, the system and method initiate execution of an electronic payment from the second entity to a third entity that is controlled by the at least one customizable business rule.Type: GrantFiled: February 22, 2010Date of Patent: May 20, 2014Assignee: Quercus (BVI) LimitedInventor: Aly Karim
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Patent number: 8732080Abstract: A computer-implemented system and method for processing one or more second transactions. The system and method provides for storage of customizable business rules, which are set by a user. Upon receipt of electronic digital information relating to a first transaction, the system and method initiate execution of one or more second transactions, which are controlled by the customizable business rules. As such, the second transactions are processed independently of the first transaction.Type: GrantFiled: July 8, 2009Date of Patent: May 20, 2014Assignee: Quercus (BVI) LimitedInventor: Aly Karim
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Patent number: 8732053Abstract: In various embodiments, an apparatus includes a processor and a memory. The memory is communicatively coupled to the processor. The memory stores software instructions that, when executed by the processor, cause the processor to receive a trading order for a particular quantity of a trading product. The trading order specifies that a first portion of the particular quantity is a displayed quantity and that a second portion of the particular quantity is a reserved quantity. The trading order specifies at least one of a decay rule, a decay interval, a decay rate, decay quantity, and one or more conditions. The software instructions, when executed by the processor, cause the processor to cause the reserved quantity to decay based at least in part on at least one of the decay rule, the decay interval, the decay rate, and the decay quantity, and one or more conditions.Type: GrantFiled: September 15, 2012Date of Patent: May 20, 2014Assignee: BGC Partners, Inc.Inventor: Joseph C. Noviello
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Publication number: 20140136407Abstract: A system and method for executing a financial transaction via an electronic device is provided. The methods comprises several steps. First, a request is received to designate a first account for use in a financial transaction is received, wherein the first account is associated with a first account icon located in a first location of an interface. Second, a request is received to move the first account icon to a second location on the interface, wherein the second location is associated with the financial transaction. Third, the financial transaction is initiated.Type: ApplicationFiled: March 15, 2013Publication date: May 15, 2014Inventors: Mitchell P. HAZAM, Jean-Luc V. GIRARD
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Publication number: 20140136408Abstract: Receiving a first set of customer identification and verification data. The first set of data is a proper subset of the data required for access to all the features of a computer-implemented account. Providing to the customer access to a first set of one or more features corresponding to the first set of data. Receiving a customer request for access to an additional feature of the account outside the first set of one or more features. Requesting a second set of customer identification and verification data, wherein the second set of data corresponds to the certain data required for access to the additional feature. Receiving the requested second set of data. Providing to the customer access to the additional feature.Type: ApplicationFiled: November 15, 2013Publication date: May 15, 2014Applicant: GOOGLE INC.Inventors: Mark William Andrews, Filip Verley, Rajan Aswani
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Patent number: 8725602Abstract: This invention relates to an expense reporting system for viewing and manipulating a user's financial transaction data and a method for associating financial transaction data with a user's project data. The system includes a user's financial transaction data hosted in a data storage unit, addressable on a network, and accessible by a remote user on a user interface unit having a user input means and a display; and an expense reporting module having a graphical user interface (GUI) that allows a user to define project category data and associate representations of the user's financial data with the user-defined project category data.Type: GrantFiled: July 12, 2013Date of Patent: May 13, 2014Inventor: Marcia Keld
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Patent number: 8725641Abstract: An automated teller machine (ATM) which includes a plurality of peripherals including a user interface for interacting with a user providing user information; a plurality of virtual automated teller machines (VATMs) resident in the ATM, the VATMs networked to a plurality of financial institutions, each VATM capable of using its own ATM software application and capable of providing its own menu of banking options to the user; and an interface to communicate between the VATMs and the plurality of peripherals, receive the user information from the user interface, identify the user's financial institution, link the user with the user's financial institution through a selected VATM corresponding to the user's financial institution and provide the menu of banking options to the user as if the user were using an ATM dedicated to the user's financial institution.Type: GrantFiled: August 5, 2013Date of Patent: May 13, 2014Assignee: International Business Machines CorporationInventors: Vlamir Bachrany, Tatiana C. da C. A. Blanco, Elcio R. Favare, Carlos M. R. Guimaraes, Eduardo J. B. de M. Joia, Joao A. de Almeida Neto, Alonso P. dos Santos, Igor R. dos Santos, Paul Sorelli
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Publication number: 20140129439Abstract: A system and method for providing banking services associated with a plurality of financial institutions through a network of shared outlets branded with each participating financial institution, wherein each shared outlet comprising a plurality of shared self service terminals for providing the branded and proprietary services including the unique and specific services of each participating financial institution, wherein each shared self service terminal is adapted or adaptable to provide equal services for each participating financial institution. The invention offers each participating financial institution to expand its branded service delivery outlets to deliver its branded services including the routine and non-routine services at shared cost.Type: ApplicationFiled: June 28, 2011Publication date: May 8, 2014Inventor: Daniel Suisa
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Patent number: 8719153Abstract: This invention relates to the field of commerce and in particular to a method of transferring funds using a payment card. Existing funds transfer systems suffer from a number of problems including for example lengthy delays associated with their delivery, high processing costs and high administrative costs. To alleviate these difficulties the present invention provides a method of transferring funds from a first payment cardholder to a second payment cardholder comprising the steps of; receiving an indication from the first cardholder that a transfer of funds is required to the second cardholder, generating a first payment card transaction between a first merchant and the first cardholder for a negative amount associated with the value of funds to be transferred, and generating a second payment card transaction between a second merchant and the second cardholder for a positive amount associated with the value of funds to be transferred.Type: GrantFiled: September 1, 2003Date of Patent: May 6, 2014Assignee: Mainline Corporate Holdings LimitedInventor: Gerard J. Barry
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Patent number: 8719122Abstract: Information provided with a direct deposit, a deposited check, or other negotiable instrument may be used to determine state, city, county, and/or other local income tax liability. Based on information associated with the deposit, the financial institution may determine where a user performed the work that triggered the income payment, where the income payment took place, what type of work is associated with the income payment, etc. This information may be used by the financial institution to provide income itemization and income tax liability information to the user via a user computing device.Type: GrantFiled: September 3, 2013Date of Patent: May 6, 2014Assignee: United Services Automobile Association (USAA)Inventor: Michael P. Bueche, Jr.
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Patent number: 8719129Abstract: A check cashing system is configured to scan in a check to be cashed and scan a customer ID of a customer cashing the check. Information for the customer, including check cashing history, information for the maker of the check and other information is displayed to verify the authenticity of the check. Also, warnings are displayed if the check is considered fraudulent based on whether criteria are met.Type: GrantFiled: November 3, 2008Date of Patent: May 6, 2014Inventors: Dharmesh Mehta, Prashant Rami
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Patent number: 8719162Abstract: The present disclosure may include, for example, a method for facilitating establishment of a remitting agreement between equipment used by a vendor and equipment used by a provider, enabling, by way of the equipment used by the provider, the equipment used by the vendor to communicate with equipment used by a customer permitting the customer to purchase a product or service of the vendor, and initiating between the equipment used by the provider and the equipment used by the vendor a remittance from an account associated with the vendor of a portion of a transaction amount associated with a purchase transaction made by the equipment used by the customer. Additional embodiments are disclosed.Type: GrantFiled: October 2, 2012Date of Patent: May 6, 2014Assignee: AT&T Intellectual Property I, LPInventor: Andrew Egendorf
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Patent number: 8719150Abstract: A program for identifying and automatically acting on statistical arbitrage opportunities between related equities and contracts. The present invention describes an improved technique to perform statistical-pairs arbitraging in a dynamic marketplace with less risk than prior art approaches. The present invention employs an array of recent data and performance ratios involving bid and ask prices for correlated items, such as stocks.Type: GrantFiled: September 9, 2013Date of Patent: May 6, 2014Inventor: Remington John Sutton
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Patent number: 8719083Abstract: Distribution of electronic documents is described, including receiving an electronic document to be distributed, identifying whether a destination identifier is associated with a destination account among a known group of customer accounts, routing the electronic document, and calculating a fee associated with delivery of the electronic document based on whether the destination account is among the known group of customers and a set of billing rules. The set of billing rules may specify a discounted fee for routing an electronic document to each of a known group of customer accounts. In other aspects, the set of billing rules may specify a discounted fee for routing an electronic document to a first group of the known group of customer accounts and specify a standard fee for a second group of the known group of customer accounts.Type: GrantFiled: December 5, 2011Date of Patent: May 6, 2014Assignee: Xpedite Systems, Inc.Inventors: Francis Toscano, Samuel N. Kamens
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Publication number: 20140122332Abstract: Systems and methods for improved remote deposit support and troubleshooting are disclose. In remote deposit sessions, such as a remote check deposit transaction that uses images of the front and back of a check, various errors, conflicts and issues can occur with each step of the session. Embodiments of the present invention can include generating a unique identifier for a particular remote deposit session at or before a particular session or transaction begins and then create a record for each event or task of that session and associate it with the identifier. During a support or troubleshooting session, all transactions can records associated with a particular identifier can be retrieved from a data store and displayed to a user. Such a display can include a listing of various detailed specifics for each record and embedded controls to various tools for detecting, diagnosing, and correcting errors.Type: ApplicationFiled: January 2, 2014Publication date: May 1, 2014Applicant: ENSENTA, INC.Inventors: Edward Viera, Richard Klein, Jim Ballagh, Teddy Usman, Dmitri Boudtchenko, Crystal Carroll, Paulo dos Santos, Rajini Jagathesan, Chaitanya Mittipelli, Nhan Phan, Sharmila Pusarla
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Publication number: 20140122266Abstract: This invention is a software-based solution that allows users to accumulate and spend e-cents in real time during a cash transaction. The invention also allows users to manage their e-cents via smartphone application or web browser interface.Type: ApplicationFiled: October 27, 2012Publication date: May 1, 2014Inventor: William Bishilany
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Patent number: 8712874Abstract: This invention relates to a system for viewing and manipulating a user's financial transaction data and a method for associating financial transaction data with a user's project data using a portable electronic device.Type: GrantFiled: August 6, 2013Date of Patent: April 29, 2014Assignee: JPMorgan Chase Bank, N.A.Inventor: Marcia Keld
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Patent number: 8712875Abstract: This invention relates to a system for viewing and manipulating a user's financial transaction data and a method for associating financial transaction data with a user's project data using a portable electronic device.Type: GrantFiled: August 15, 2013Date of Patent: April 29, 2014Assignee: JPMorgan Chase Bank, N.A.Inventor: Marcia Keld
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Patent number: 8706619Abstract: Disclosed are various embodiments for employing spillover tables to improve performance of data store updates. A request to update a data field is received, and if an exclusive lock on a data table cannot be obtained, the request is placed in a spillover table until the exclusive lock can be obtained. If the request causes a constraint on the data field to be violated or causes the data field to move closer to the constraint, the request is not placed in the spillover table. A spillover task can collapse entries in the spillover table into the data store when an exclusive lock can be obtained.Type: GrantFiled: June 25, 2010Date of Patent: April 22, 2014Assignee: Amazon Technologies, Inc.Inventors: Qiang Yu, David C. Jernberg, Joseph E. Magerramov
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Patent number: 8705705Abstract: Tags, such as XML tags, are inserted into email to separate email content from signature blocks, privacy notices and confidentiality notices, and to separate original email messages from replies and replies from further replies. The tags are detected by a system that renders email as speech, such as voice command platform or network-based virtual assistant or message center. The system can render an original email message in one voice mode and the reply in a different voice mode. The tags can be inserted to identify a voice memo in which a user responds to a particular portion of an email message.Type: GrantFiled: April 3, 2012Date of Patent: April 22, 2014Assignee: Sprint Spectrum L.P.Inventors: Balaji S. Thenthiruperai, Elizabeth Roche, Brian Landers, Jesse Kates
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Publication number: 20140108243Abstract: Processing duplicate items in image cash letter (“ICL”) return files for efficient handling. A duplicate item processing module can receive ICL return files comprising items representing duplicate electronic checks. The duplicate item processing module can determine whether the processing entity erroneously presented the item more than once. The duplicate item processing module can also determine whether the depositing institution erroneously deposited the item more than once for processing. Based on the determination of the source of the error, the duplicate item processing module can make a correction in its own records and/or forward the ICL return file with the duplicate item to the depositing institution.Type: ApplicationFiled: December 20, 2013Publication date: April 17, 2014Inventors: Benjamin T. Breeden, JR., Richard Rodrigues, Steven D. Martin, Timothy Rachek
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Patent number: 8700525Abstract: Systems and methods for settling funds from an account to one or more settlement accounts of a merchant. The merchant can have a plurality of settlement accounts, which may be the same or different settlement account types. The settling of the funds can be directed by one or more settlement rules defined by the merchant.Type: GrantFiled: October 17, 2012Date of Patent: April 15, 2014Assignee: Vantiv, LLCInventors: Thomas E. Rafferty, Bryan T. Bailey
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Patent number: 8700526Abstract: Ranking payment requests includes a peer-to-peer payment system that employs a server configured for receiving a payment request from a requester computing device; receiving location data of the requester network device; receiving a request for a ranking of payment requests; searching social network information of the payor for occurrences of the requester of the payment request; receiving location data of the payor network device, the location data comprising a location of the payor computing device and a location history of the payor computing device; searching a transaction history of the payor; ranking the payment requests based at least in part on one or more of the location of the requester, a strength of social network connections to the payor for each of the payment requesters, and number of previous transactions between the payor and the requester; and providing the ranking of the payment requests to the payor.Type: GrantFiled: December 5, 2012Date of Patent: April 15, 2014Assignee: Google Inc.Inventors: Narelle Cozens, Michael DePasquale, Travis Harrison Kroll Green, Boris Mizhen, Josh Ostrow, Avery Pennarun, Hoai Nguyen, Peter Schmitt
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Patent number: 8694403Abstract: Commercial size of spending wallet (“CSoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“CSoW”) is the portion of the spending wallet that is captured by a particular financial company. A modeling approach utilizes various data sources to provide outputs that describe a company's spend capacity. A mutual fund rating company can use this CSoW/CSoSW modeling approach to predict the performance of funds that invest in a particular industry or sector. In addition, since mutual funds often provide guidelines for selecting stocks, rating companies can use this modeling approach to predict the performance of companies in a fund's portfolio.Type: GrantFiled: May 21, 2013Date of Patent: April 8, 2014Assignee: American Express Travel Related Services Company, Inc.Inventors: Kathleen Haggerty, Charles Christopher Lyon, Benedict O. Okoh, Robert E. Phelan, Jon Kevin Ruterman, Geraldine A. Turner, Chao M. Yuan, Arnab Biswas
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Patent number: 8688578Abstract: The business community hub application provides a business customer the ability to add an event or offer to the community hub that can be accessed by individual customers or business customers. The business community hub application also notifies business customers of offers provided by other businesses or about local community events in which the business customer may be interested. The business customers have the ability to find contacts and network with other local businesses. The business community hub application also uses transaction information available to the bank to display market data and trends that may be of interest to the business customer. In this way, the business community hub works with the online banking application as a tool for local businesses, it allows business customers to interact with individual customers, the community in general, as well as other businesses, in a forum for exchanging products, services, and information.Type: GrantFiled: February 26, 2010Date of Patent: April 1, 2014Assignee: Bank of America CorporationInventors: Srinath Nagarajan, Timothy James Mark, David Joa, Kurt D. Newman
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Patent number: 8688580Abstract: In an embodiment, a method comprises initiating a plurality of electronic funds transfer transactions using an automated clearing house (ACH) operator, wherein each of the transactions is associated with one of a plurality of financial institution routing numbers; receiving a negative return code for a particular transaction that is associated with a particular financial institution routing number; in response to receiving the negative return code for the particular transaction and the particular financial institution routing number, and without waiting for an end of a waiting time period specified in one or more financial regulations: marking, as accepted, all other transactions in the plurality that are associated with the same particular financial institution routing number; releasing the marked transactions.Type: GrantFiled: December 8, 2009Date of Patent: April 1, 2014Assignee: Xoom CorporationInventors: Andreas Guenther, Ryno Blignaut, Darryl Weatherspoon
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Patent number: 8688579Abstract: The AUTOMATIC REMOTE DEPOSIT IMAGE PREPARATION APPARATUSES, METHODS AND SYSTEMS (hereinafter “MultiCrop”) transforms uploaded check images and check deposit information inputs via MultiCrop components image into deposit confirmation outputs. For example, in one embodiment, a user may employ a personal computer connected to a web camera, and/or a smartphone with a built-in camera to initiate the remote deposit by holding a check in front of the camera, and the MultiCrop may capture images of the check and send them to a financial institution for deposit processing.Type: GrantFiled: June 8, 2011Date of Patent: April 1, 2014Assignee: United Services Automobile Association (USAA)Inventors: Seth E. Ethington, Aaron Kay, Adam S. Newman, Lawrence Lu, Dylan Patterson
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Patent number: 8688577Abstract: Method, system and program product, the system comprising: computer programmed for accessing databases comprising: aggregated deposit account information for plurality of FDIC-insured aggregated deposit accounts held in plurality of depository institutions; and client account information; obtaining fund transfer instructions; allocating fund amounts for other depository institutions; generating data for depositing funds to or withdrawing funds from at least one aggregated deposit account multiple times in a month period, comprising generating data for instructions for making a withdrawal from one depository institution more than six times during the month period, using methods: in person, by mail, messenger, telephone, automated teller machine, for withdrawals except for a set of at least 1-6 withdrawals within last six business days of the month period, and presenting instructions to depository institution using method that counts against a 6 withdrawal limit for this set of the withdrawals during the last sType: GrantFiled: July 31, 2012Date of Patent: April 1, 2014Assignee: Island Intellectual Property LLCInventors: Bruce Bent, Bruce Bent, II, David Edgar Gareis, Thomas J. O'Donnell
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Publication number: 20140089186Abstract: During operation of the system, a user of a portable electronic device provides a request to enroll in a financial service associated with a provider. For example, the financial service may facilitate financial transactions via a financial application that executes on the portable electronic device. Then, an electronic device determines that the user is an existing customer of at least one of a set of financial institutions that have a business relationship with the provider, where the provider is other than one of the financial institutions. Next, the electronic device enrolls the user in the financial service without requesting additional information from the user. By leveraging the business relationship between the user and one of the financial institutions in the set of financial institutions, the user can avoid having to perform a complicated enrollment process in order to start using the financial service.Type: ApplicationFiled: September 25, 2012Publication date: March 27, 2014Applicant: INTUIT INC.Inventors: Eric C. W. Dunn, Alexander S. Ran
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Patent number: 8676700Abstract: A bulk deposit can be made at a financial institution based on dealings between a remitter and the remitter's agent. Information concerning transactions between the agent and the agent's customers, is transferred by the agent to the remitter and, in turn, from the remitter to a service provider that is distinct from the agent, the remitter, and the remitter's bank. The service provider can generate a deposit slip and store in a database, information about the slip. This deposit slip is marked with (a) transaction amounts for the agent's customers, (b) the bulk cash to be deposited; and (c) a summary of any discrepancy between the two. The provider makes available to the financial institution at least some of the transaction information including (a) its correlation to the deposit slip, and (b) detail greater than that produced on the deposit slip.Type: GrantFiled: March 26, 2012Date of Patent: March 18, 2014Assignee: Depositslips LLCInventor: Daniel Holland
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Patent number: 8676706Abstract: Embodiments of the invention relate to systems, methods, and computer program products for maintaining an updated check register in connection with an online banking account of a payor that tracks pending check payments using check imaging technology. Some embodiments of the present invention provide a computer-implemented method including the following steps: receiving an image of at least a portion of a paper check, wherein the portion comprises an indication of an amount of money to be drawn on a financial account, processing the image to determine the amount, identifying the financial account, and recording the amount in connection with the financial account, wherein the recording step occurs prior to receiving any indication that the check has been presented for payment. In addition, the method may also include making the financial account with an indication of the pending payment available to be viewed by the payor.Type: GrantFiled: July 30, 2010Date of Patent: March 18, 2014Assignee: Bank of America CorporationInventors: Alicia C. Jones, Zhongmin Agarwal, Mark D. Zanzot
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Patent number: 8676685Abstract: Financial and player tracking/reward transactions are facilitated by a system including at least one server and a plurality of gaming machines. The server has a memory containing data files corresponding to players that contain information such as credits or monies in an account belonging to the player. The data files also contain player tracking information, such as points awarded to a player based upon their game play. Players are issued media in the form of player cards having identification information thereon that may be used to access the player's account or files. A player and a casino may manage the player's accounts, such as by placing criteria upon the account, including the use of associated credits. A player may play a game using credits associated with their account. A player may also manage their accounts, including viewing financial and game play or reward information and transfer funds into and out of an account.Type: GrantFiled: January 24, 2012Date of Patent: March 18, 2014Assignee: IGTInventor: Rick Rowe
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Publication number: 20140074706Abstract: Technologies and implementations for facilitating transaction capabilities of multiple financial institutions are generally disclosed.Type: ApplicationFiled: October 12, 2012Publication date: March 13, 2014Applicant: CU WIRELESSInventor: Loren Paulsen
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Publication number: 20140074705Abstract: A disbursement module (DM) computer device is provided for processing an electronic disbursement. The DM computer device includes a memory device and a processor. The processor is programmed to register a payor with a disbursement service provided by the DM computer device and to receive a disbursement command from the payor. The disbursement command instructs a disbursement to be made to a payee and includes payee contact information, payee verification data, and a disbursement amount. The processor is further programmed to receive a disbursement request message that includes a payee identifier from the payee requesting that the disbursement be made, and to verify the payee by matching the payee identifier to the payee verification data. The processor is further programmed to electronically transfer funds from a bank account associated with the payor to a bank account associated with the payee.Type: ApplicationFiled: September 10, 2012Publication date: March 13, 2014Inventors: Deborah Kimberg, Shawn Hagmeier, Brian DuChame
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Publication number: 20140074707Abstract: A method and system for conducting an online payment transaction through a point of sale device. The method includes receiving input from a user selecting an item for purchase through the point of sale device; calculating a total purchase amount for the item in response to a request from the user to purchase the item; and sending payment authorization for the total purchase amount from the point of sale device to a payment entity, in which the payment authorization is sent to the payment entity via a mobile communication device of the user. The method further includes receiving a result of the payment authorization from the payment entity through the mobile communication device; and completing the payment transaction based on the result of the payment authorization.Type: ApplicationFiled: August 29, 2013Publication date: March 13, 2014Applicant: Blaze Mobile, Inc.Inventor: Michelle Fisher
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Patent number: 8671051Abstract: A way to facilitate the use of funds from an automobile loan is provided. The vehicle identification number of the automobile the loan applicant wishes to purchase is used to activate the funds of the loan for use. The applicant may receive a loan card to be used in the transaction that may be initially inactive, i.e. unable to be used for a transaction, until the vehicle identification number is received by the financial institution that accepted the loan application. An applicant of the loan may also be provided information relating to an account established for the disbursement of the loan proceeds. The account may be initially inactive until the vehicle identification number of the automobile is received and the applicant may also receive additional information required to be transmitted to the financial institution in order to use the funds, including, without limitation, a security code.Type: GrantFiled: September 25, 2007Date of Patent: March 11, 2014Assignee: United Services Automobile Association (USAA)Inventor: Christopher A. Sandoval
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Patent number: 8671281Abstract: A system and method for integrating the Internet front end-sign on processes of the various systems of a financial institution which allows a customer to view and access its various financial accounts with the institution. During the initial sign up for the online access to its accounts, a customer creates his/her User ID and password online during the same session. Once the customer has signed on (password) and verified ownership of at least one account, the system displays all of the customer's accounts that are available for access via the Internet website. The online ownership verification uses only a single account of the customer and the ownership verification criteria associated with the account. The account used for verifying a customer is first determined based on the accounts selected by the customer for accessing online. From the selected accounts, the system of the present invention creates a verification hierarchy with respect to the accounts.Type: GrantFiled: June 7, 2011Date of Patent: March 11, 2014Assignee: JPMorgan Chase Bank, N.A.Inventor: Kimberly Ellmore
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Patent number: 8666855Abstract: Dynamically enabling and facilitating businesses or other entities to locate and transact with payment systems for the purpose of processing payments. A customer interacts with a supplier of an item (e.g., goods or services), selects an item for purchase, and provides the supplier with payment criteria. The supplier queries a payment system directory to locate candidate payment systems for the transaction. The supplier then interacts directly with one or more of the payment systems to partially or fully process payment for the transaction. Alternatively, the supplier interacts with a gateway service, which queries a payment system directory to locate candidate payment systems and then interacts with one or more of the payment systems to process payment for the transaction.Type: GrantFiled: June 30, 2003Date of Patent: March 4, 2014Assignee: Plati Networking, LLCInventors: David Armes, Fred Bishop, Jeffrey Alan Edelen, Bill Schwarz
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Patent number: 8666865Abstract: A method begins with a payment entity device receiving payables process data from a client device. The payables process data includes a list of a plurality of creditors and associated payment data, wherein, for a creditor of the plurality of creditors, the associated payment data includes at least one payment scheme for paying at least a portion of debt owed to the creditor via at least one of: a client credit card, a funds transfer, commercial paper, tangible consideration, and a debit account. The method continues with the payment entity device determining level of service for a client associated with the client device. The method continues with the payment entity device generating a payables profile for the client based on the payables process data in accordance with the level of service.Type: GrantFiled: September 26, 2012Date of Patent: March 4, 2014Assignee: Visa U.S.A. Inc.Inventors: Matthew James Mullen, John Nicholas Marchetti