JPMorgan Chase Bank, N.A. Patent applications |
Patent application number | Title | Published |
20150339771 | SYSTEM AND METHOD FOR OPTIMIZING ORDER EXECUTION - An embodiment of the present invention is directed to a Trader Workstation that includes a user interface accessible by various users over a network communication link. The user interface of an embodiment of the present invention provides complex customized visualizations of fast moving real-time data and historical time series. The Trader Workstation increases trading efficiency and availability of data for traders by enabling traders to better monitor, analyze and plan trades. For example, using configurable views, filters and visualizations, traders may track and monitor orders in real time. An embodiment of the present invention may provide a trade analysis interface and a trade planning interface. | 11-26-2015 |
20150287140 | SYSTEMS AND METHODS FOR COLLATERAL MANAGEMENT - Computer-based systems and methods have been developed wherein at least one embodiment is capable of automatically determining the optimal collateral holdings in compliance with Credit Support Annex (CSA) agreements, and dynamically reallocating the collateral holdings as time progresses, in order to maintain the optimality of the portfolio of holdings through Customer Service Representatives' (CSR) operations. The optimal allocation may be defined as one that minimizes the operational cost of satisfying CSA agreements via collateral postings. Data may be stored concerning attributes of the components of the holdings of the counterparties, available inventory of assets (securities and cash), current market factors (e.g., interest rates, LIBOR), which are constantly updated. A discrete optimization routine may be used to generate feasible global optimal solutions to allocate and/or reallocate the collateral postings satisfying the operational constraints. | 10-08-2015 |
20150242840 | SYSTEMS AND METHODS FOR DYNAMIC BIOMETRIC CONFIGURATION COMPLIANCE CONTROL - Systems and methods for dynamically-configured compliance control are disclosed. According to one embodiment, a method may include (1) receiving, from an electronic device, a transaction request for a user that requires authentication; (2) at least one computer processor determining a target security level for the transaction; (3) the at least one computer processor determining a location of the electronic device; (4) the at least one computer processor determining at least one restriction on conducting the transaction based on the location of the electronic device; (5) the at least one computer processor determining at least one authentication configuration that meets the target security level and the at least one restriction on conducting the transaction; and (6) the at least one computer processor receiving user data in accordance with the authentication configuration. | 08-27-2015 |
20150154697 | System And Method For Accelerated Client Bank Account Opening - 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. According to one embodiment, the method may include (1) using a computer network: (a) receiving a request from a representative to open an account for the a client; (b) receiving identification information for the representative; and (c) receiving information about the new client from the representative; and (2) using a computer processor: (a) opening a temporary account for the new client; (b) verifying the representative's authority to open the new account; (c) establishing an identity for the representative; (d) verifying the information about the new client; (e) providing documents to the representative for completion; (f) receiving completed documents from the representative; (g) receiving a selection of an account type to open for the client from the representative; and (h) opening the selected account type for the new client. | 06-04-2015 |
20150120545 | NON-COMPLIANT PAYMENT CAPTURE SYSTEMS AND METHODS - Embodiments of the present invention are generally directed to detection of non-compliant payment requests or payment orders. In particular, the invention detects non-compliance with travel rules put in place by multiple countries throughout the world. The systems and methods for capturing non-compliant payments may be adapted for various funds transfer channels or systems, including but not limited to Society for Worldwide Interbank Financial Telecommunication (SWIFT), Federal Reserve Wire Network or FedWire, Clearing House Interbank Payments System (CHIPS), or other public or proprietary funds transfer or payment systems. | 04-30-2015 |
20150094036 | SYSTEMS AND METHODS FOR AN INTEGRATED INTERACTIVE RESPONSE SYSTEM AND MOBILE DEVICE - System and method for integrated interactive response system and mobile devices are disclosed. According to one embodiment, a method for using an interactive response system with a mobile device may include (1) an application executed on a mobile electronic device initiating contact with an interactive response system for a first provider; (2) the application retrieving a plurality of menus for the interactive response system; (3) the application displaying a first menu comprising a first plurality of options for the interactive response system; (4) receiving a first selected option from one of the first plurality of options; and (5) the application providing the interactive response system with the first selected option. | 04-02-2015 |
20150088732 | Integrated Electronic Disbursement and Cash Flow Management System and Method - A system and method are provided for managing electronic disbursements transferred from a business client of a financial institution to customers of the business client. The system includes a disbursement instruction processor receiving a disbursement instruction over a network from a business client system, the disbursement instruction processor processing the instruction and performing multiple steps. The steps include using a customer identifier to determine available payment channels for the customer and selecting an electronic payment channel when available payment channels include an electronic payment channel. An electronic disbursement notification is forwarded to the customer. A confirmation may be provided upon acceptance of the disbursement through the disbursement notification | 03-26-2015 |
20150058131 | System and Method for Management and Delivery of Content and Rules - A system and methods for management and delivery of content and rules is disclosed. An exemplary method may comprise managing, for an organization, a plurality of data and a plurality of content in separate database entities, wherein the plurality of content is associated with the plurality of data based on a plurality of rules; packaging the plurality of rules with the plurality of content in a carrier that is independent from one or more presentation channels, wherein at least part of the plurality of content is integrated with at least part of the plurality of data; delivering the plurality of data and the carrier to the one or more presentation channels; integrating, at the one or more presentation channels, the plurality of data with the plurality of content based on the plurality of rules; and distributing the integrated data and content through the one or more presentation channels. | 02-26-2015 |
20150035643 | BIOMETRICS IDENTIFICATION MODULE AND PERSONAL WEARABLE ELECTRONICS NETWORK BASED AUTHENTICATION AND TRANSACTION PROCESSING - Biometrics identification module and personal wearable electronics network based authentication and transaction processing are disclosed. According to one embodiment, a method for biometric authentication may include (1) a biometric identification device connecting to a plurality of sensing devices, each of the plurality of sensing devices receiving a user characteristic from a user; (2) the biometric identification device receiving the user characteristics from the sensing devices; (3) the biometric identification device communicating the received user characteristics to a server; (4) the biometric identification device receiving a biometric profile for the user; and (5) the biometric identification device storing the biometric profile. | 02-05-2015 |
20140333415 | Systems And Methods For High Fidelity Multi-Modal Out-Of-Band Biometric Authentication With Human Cross-Checking - Systems and methods for high fidelity multi-modal out-of-band biometric authentication with cross-checking are disclosed. According to one embodiment, a method for integrated biometric authentication may include (1) receiving, from a user, biometric data; (2) at least one computer processor performing machine-based biometric matching on the biometric data; (3) the at least one computer processor determining that human identity confirmation is necessary; (4) the at least one computer processor processing the biometric data; (5) the at least one computer processor identifying at least one contact for human identity confirmation; (6) the at least one computer processor sending at least a portion of the processed biometric data for the user to the at least one contact; (7) receiving, from the at least one contact, human confirmation information; and (8) the at least one computer processor authenticating the user based on the machine-based biometric matching and the human confirmation information. | 11-13-2014 |
20140333414 | Systems And Methods For High Fidelity Multi-Modal Out-Of-Band Biometric Authentication Through Vector-Based Multi-Profile Storage - A method for generating multiple biometric profiles for a user is disclosed. According to one embodiment, the method may include (1) receiving data from a user, the data comprising biometric data for a user and device specifications for the electronic device; (2) at least one computer processor retrieving at least one existing user profile; (3) the at least one computer processor determining whether the data is consistent with at least one of the existing profiles; and (4) the at least one computer processor updating at least one existing profile if the data is consistent with the existing profile. | 11-13-2014 |
20140331189 | ACCESSIBLE SELF-SERVICE KIOSK WITH ENHANCED COMMUNICATION FEATURES - Accessible self-service kiosks with enhanced communication features are disclosed. According to one embodiment, a method for interacting with a user of an accessible self-service kiosk may include (1) an accessible self-service kiosk entering a hearing-impaired accessibility mode for interacting with a user; (2) receiving, using at least one imaging device, a gesture made by the user; (3) the at least one computer processor accessing a database comprising a plurality of gestures and commands associated with each of the plurality of gestures; (4) the at least one computer processor identifying command that is associated with the gesture; and (5) the at least one computer processor responding to the command. | 11-06-2014 |
20140325362 | System and Method for Mobile Presentation Processing - The invention comprises a system and method using a software application (“app”) running on portable computing devices to download presentations from a central server as thumbnails and manipulate the presentations in thumbnail format. The thumbnails can provide a storybook-type presentation that takes much less memory on a portable device than full native presentation format files. With the thumbnail file, the portable device user can move from slide to slide, reorder slides, delete slides, add slides from other thumbnail files, and add notes/text. After a new presentation is created using one or more thumbnail files, it may be uploaded to a central server where a server-side application recompiles the new presentation into a native format presentation from the thumbnail format. In this manner, presentations can be sourced from virtually anywhere and using nearly any computing device from which one can view thumbnail presentations. Other variations and enhancements are disclosed. | 10-30-2014 |
20140324517 | Communication Data Analysis and Processing System and Method - Systems and methods are provided for assessing risks and efficiencies based on enterprise communications information. A method for assessing risks and efficiencies based on enterprise communications information may include: collecting information from digital data tools over at least one computer network into a storage database in a computer memory; executing instructions on a computer processor to synthesize the employee communications data into structured data; mining the structured data to generate exploratory data; performing analytics on the structured data to generate confirmatory data; disambiguating the confirmatory data and exploratory data; determining a business impact based on the exploratory and confirmatory data; and implementing a business process based on a quantification of said business impact. | 10-30-2014 |
20140289093 | System and Method for Online Trading Using an Electronic Spreadsheet - A system and method for receiving streamed, real time quotes with respect to financial instruments. The system applies a spreadsheet based investment strategy to the real time quotes, generating electronic orders based on the results of the investment strategy analysis and transmitting the orders for real time execution. The system generates a unique order identifier that allows users to actively track the status of orders in real time. This unique order identifiers can be shared with other users so that other trading strategies can be developed to execute upon the successful execution of the order (e.g., hedging). | 09-25-2014 |
20140280926 | System and Method for Improved Processing Performance - The invention is directed to a computer-implemented method and system for improving processing performance for a group of computing resources, the method implemented on at least one computer having a processor and accessing at least one data storage area. The method comprises implementing the processor for calculating a benchmark for each computing resource in the group of computing resources and normalizing the benchmark across the group of computing resources to determine a number of performance units for each computing resource. The method additionally includes providing a graphical user interface for facilitating visual comparison for comparing processing performance indicators for multiple computing resources in the group of computing resources and reconfiguring at least some of the computing resources represented on the graphical user interface based on the comparison. | 09-18-2014 |
20140258102 | MULTIPLE ACCOUNT ADVANCED PAYMENT CARD AND METHOD OF ROUTING CARD TRANSACTIONS - A system of accessing through a financial processing network multiple accounts associated with a single financial card. Data is input to the financial network in addition to the transaction data and the account identification data that in read from the card. This addition data permits the proper account to be accessed. The data may be input at the point of sale as an account selection. In this instance, the selection may be used to route the transaction data through the financial processing network or may be used to read data regarding one of multiple accounts encoded on the card. The data may also be stored as conditional routing rules at transfer points in the financial processing network. In this instance, the transaction is routed to the proper account based on the stored rules. | 09-11-2014 |
20140258076 | Syndication Loan Administration and Processing System - A loan syndication tracking and management system and method provides a user with access to specific details related to a syndicated loan. The system and method coordinates investor, borrower and resource information, in addition to features related to the overall structure of a syndicated loan. Users access the system with various levels of permissions to view, add, update or delete information according to their allotted permissions. The system permits multiple users to access the information for efficient handling of approvals and requests related to multiple investors and borrowers, in addition to handling institution interchanges and notifications. The system and method keeps a record of all transactions and changes for review, reporting or regulatory purposes. The administration of a syndicated loan transaction is simplified while providing advanced features such as support for loan trading. | 09-11-2014 |
20140249988 | Synthetic Funds Having Structured Notes - The present invention relates to synthetic funds for purchase by investors. A structured note is structured to provide customized equity returns/exposure. Terms of each structured note may be specified by the purchaser and the structured notes may be unsecured liabilities of the obligor, e.g., there are no underlying assets upon which the structure note is based. Thus, there will be no limits on the use of structured note proceeds and management of assets and liabilities will be left entirely to the obligor's discretion. Structured note payment obligations may be related to the performance of an objective valuation, but structured note holders will depend on the good credit of the obligor for payment. | 09-04-2014 |
20140249987 | Synthetic Funds Having Structured Notes - The present invention relates to synthetic funds for purchase by investors. A structured note is structured to provide customized equity returns/exposure. Terms of each structured note may be specified by the purchaser and the structured notes may be unsecured liabilities of the obligor, e.g., there are no underlying assets upon which the structure note is based. Thus, there will be no limits on the use of structured note proceeds and management of assets and liabilities will be left entirely to the obligor's discretion. Structured note payment obligations may be related to the performance of an objective valuation, but structured note holders will depend on the good credit of the obligor for payment. | 09-04-2014 |
20140236862 | Object Oriented System for Managing Complex Financial Instruments - Object oriented design strategies and patterns are applied to financial data processing systems for processing and modeling of financial products (also referred to as financial instruments) with an emphasis being on derivative products. The system employs valuation independent, well-defined financial components (also referred to as financial events) that can be combined to build new financial structures. A general purpose software model is provided for representing the structure and characteristics of these products. A declarative specification language is provided to describe financial instruments in a consistent manner that lends itself to processing in such an object oriented system. A general traversal process is provided that can be applied to the macro structure of a financial instrument to implement various functions that produce results based on such information, such as the stream of financial events associated with the instrument, or the pricing or valuation of the instrument. Techniques including double dispatch and other mechanisms are further provided to provide flexible means of associating the appropriate processing methods with the diverse range of instrument characteristics that are encountered in a typical financial institution's course of business. | 08-21-2014 |
20140236740 | System and Method for Interactive Virtual Banking - Embodiments of the invention are directed to a computer-implemented interactive virtual banking system and method for connecting a user environment with a banking environment for facilitating banking transactions. The system may include a computer memory storing a plurality of banking application programs and an interactive virtual environment generator for generating an interactive virtual banking environment, the environment including visual and audio components. The system may additionally include a user input sensing mechanism for accepting and interpreting user voice input received in the interactive virtual banking environment and computer processing components for accessing the stored banking application programs and executing the stored banking programs within the generated interactive virtual banking environment enabling the user to perform banking tasks through voice input to the interactive virtual banking environment. | 08-21-2014 |
20140222714 | Method and System for Evaluating Target Date Funds - The invention generally concerns systems, methods, and apparatus wherein a computer may receive information concerning a group of target date funds from a database. Information about the target date funds may comprise information about the glide path and the target retirement date of that fund. A diversification level of each of the target date funds may be determined from the received information. An equity ratio may also be determined for each of the target date funds using the received information. In some instances, the equity ratio may be based upon the amount of equity projected to be owned by the target date fund upon the target retirement date. After determining an equity ratio and a diversification level, a summary of the group of funds is output for review by a user. The summary may include a summary or graph of the diversification levels and equity ratios of the target date funds. | 08-07-2014 |
20140222669 | Integrated Electronic Cash Flow Management System and Method - A cash flow management system is provided within a host system for facilitating cash flow management for businesses. The cash flow management system includes an electronic billing and invoicing computing system enabling generation and transmission of electronic bills based on business invoices and for displaying the generated bills for payment and an integrated receivables and reconciliation system receiving notification of received payments and for matching received payments with the generated invoices. The system additionally includes a communication interface for allowing the cash flow management system to communicate with multiple financial management systems accessible to the host enterprise, the systems including at least an accounting system, the integrated receivables management system receiving information from the financial management systems within the host system to facilitate management of cash flow for the businesses using the cash flow management system for electronic billing. | 08-07-2014 |
20140214652 | System and Method for Division and Management of Expenses - Embodiments of the invention are directed to a computer-implemented expense splitting method and system for allowing a payer to divide expenses among multiple purchasers. The method may include storing, in at least one computer memory, payer data and expense splitting instructions and accessing the computer memory with at least one computer processor and executing the instructions to perform multiple steps. The steps may include converting a captured receipt image to purchase data and providing a user interface displaying entries corresponding to purchases, and further providing a tagging option for tagging each of the entries with an indicator of at least one purchaser identity. The steps may also include allocating a percentage of each entry to at least one purchaser based on the tagging, calculating an amount due from each purchaser based on the allocation, providing a payment interface for allowing online payment from the payer for a total amount of purchase; and generating reimbursement requests requesting each purchaser to reimburse the payer. | 07-31-2014 |
20140207647 | Total Fair Value Swap - A synthetic instrument known as a “Total Fair Value Swap” is disclosed. According to one embodiment, the Total Fair Value Swap may comprise an agreement between two counterparties, a “Fixed Rate Payer” and a “Floating Rate Payer”. According to the agreement, the Fixed Rate Payer makes a stream of payments to the Floating Rate Payer based on a fixed rate, and the Floating Rate Payer makes a second stream of payments to the Fixed Rate Payer based on a floating rate, wherein a first portion of the floating rate is based on a reference interest rate, and wherein a second portion of the floating rate is based on a credit spread associated with the Floating Rate Payer. The reference interest rate may be, for example, London Inter-Bank Offer Rate (LIBOR), prime interest rate, the US dollar swap rate, the U.S. Treasury Bond rate or any other widely traded interest rate that is reset periodically. The credit spread may be observed from the Credit Default Swap (CDS) market. | 07-24-2014 |
20140200984 | System and Method for Administering a Brokerage Rebate Card Program - A technique for administering a rebate program includes logic for generating rebate information based the purchase of goods and/or services using a card instrument. The technique further includes logic for applying a rebate, based on the rebate information, to fund at least part of a transaction performed by an brokerage service. In one embodiment, the brokerage service charges a fee to perform the transaction. In this case, the rebate is used to fund at least part of the transaction fee. The rebate therefore entitles the cardholder to perform a transaction free of charge. The rebate thus is converted to one or more “free transactions,” and in a more specific application, one or more “free trades.” | 07-17-2014 |
20140188678 | System and Method for Associating Financial Transaction Data with a User's Project Data Using a Portable Electronic Device - 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. | 07-03-2014 |
20140183258 | System And Method For Secure Card With On-Board Verification - Systems and methods for secure cards with on-board verification are disclosed. In one embodiment, a transaction device associated with at least one transaction account may have a substrate comprising a display that displays an account identifier for the transaction account; a sensor that receives authentication information from a user; a processor that processes the authentication information to verify the authenticity of the user; and a communicator that communicates at least the account information, the communicator including at least one of a magnetic stripe, an electrical interface, and a wireless RF interface. The display may not display the account identifier until the user is authenticated, and the communicator may be inactive to communicate the account information until the user is authenticated. | 07-03-2014 |
20140180899 | TRADER PORTAL SYSTEM AND METHOD - Embodiments of the invention are directed to a computer-implemented trader portal system and method for use within a trading organization supporting multiple traders. The trader portal system integrates available trader related resources from multiple sources for trader viewing and utilization. The trader portal system may include administrative controls for allowing administrative configuration of the trader related resources visible to the multiple traders within the trading organization. The trader portal system may further include a source collection engine for collecting the trader-related resources from the multiple sources and a source integration engine for integrating the collected trader related resources with the trader portal system in accordance with the administrative configuration. The trader portal system may further include multiple modules accessible to the traders through a user interface, each of the multiple modules displaying at least one of the collected trader related resources as determined by the source integration engine. | 06-26-2014 |
20140156498 | System and Method for Hedging Risks in Commercial Leases - A system and method for hedging risks in commercial leases is disclosed. In one particular exemplary embodiment, a method for hedging risks in a commercial lease may comprise: receiving information related to a lease agreement between a lessor and a lessee, the lease agreement calling for the lessor to lease an asset to the lessee for a period of time in return for lease payments; estimating potential losses that the lessor will suffer if at least one credit event causes the lessee to default on the lease agreement; and providing the lessor a put option, whereby, upon the at least one credit event, the lessor can choose to sell a claim against the defaulting lessee at a strike price, the strike price being an amount that varies based at least in part on the estimated potential losses and the time at which the lessee defaults. | 06-05-2014 |
20140136404 | Dynamic Management and Netting of Transactions Using Executable Rules - Systems and methods for dynamically managing and netting transactions based on one or more sets of netting rules are disclosed. The present invention dynamically associates transactions with one or more collections based on the execution of netting rules to identify transactions that may be ideal for netting and to perform netting operations and calculations accordingly. The present invention may execute the netting rules according to the priority of the netting rule within a rule hierarchy and utilizes unique solutions allowing for the efficient processing of transactions even as netting rules are created, modified and removed from time-to-time. In addition, embodiments of the disclosed netting system utilize denormalized sets of data and maintain a complete audit trail for all operations. | 05-15-2014 |
20140133646 | SYSTEM AND METHOD OF INTELLIGENT CALL ROUTING FOR CROSS SELL OFFER SELECTION BASED ON OPTIMIZATION PARAMETERS OR ACCOUNT-LEVEL DATA - An apparatus and methods for a call routing system is disclosed whereby the call routing service provider is associated with a series of partners. By providing a system supporting not only the main user, but also the partners, efficiencies are gained through cost-spreading. Agents can be qualified to field calls for multiple business entities. Cross-selling and proactive servicing based on caller demographic and profile data can be effectuated. The system employs a centralized or global bank of shared Interactive Voice Response (IVR) units so that unnecessary post-routing and call site interflow are reduced. The system comprises a central server system that interfaces with a long distance provider so that route requests are received, caller data is retrieved from one or more databases, routing and handling strategies are developed, load balancing is effectuated, and calls are appropriately routed to one of a plurality of geographically separated call center systems with queues staffed by agents. Each call center system is designed to support various queues, and agents may be qualified or assigned to various queues based on their skill sets and skill levels. | 05-15-2014 |
20140129411 | Electronic Collateral Management System and Method - A process for allocating specific assets from a pool of assets to secure a liability. Information concerning each of the assets in the pool of assets is received from at least two sources. A set of validation rules is applied to the information for each asset in the pool of assets and those assets which do not meet the validation rules are rejected. A price is assigned to each non-rejected asset. A subset of the non-rejected assets is allocated to the liability as a function to collateralize the liability. | 05-08-2014 |
20140122301 | Systems and Methods for Mobile Ordering and Payment - Computer implemented methods and systems for fulfilling a customer request for a requested item purchased from a merchant is provided. The method may be performed by a tangibly embodied processing machine disposed in a customer device. The method may include (1) observing, through the input of information, an observed event that is associated with a customer; (2) associating the observed event with a corresponding order record; (3) retrieving order information from the corresponding order record, the order information including at least customer financial entity account information; (4) generating a merchant request based at least in part on the order information in the corresponding order record, the merchant request including at least customer identification information and customer financial entity account information; and (5) outputting the merchant request to the designated merchant, so as to provide the designated merchant with information to fulfill the customer request. | 05-01-2014 |
20140114815 | System And Method For Managing And Using A Third Party Subsidy Account - Systems and methods for using a third party subsidy account are disclosed. A method may include (1) using a computer processor, enrolling a subsidy recipient in a subsidy program; (2) using the computer processor, funding a subsidy account for the subsidy recipient with subsidy funds having a first subsidy expiration; (3) using the computer processor, de-funding the subsidy account at the subsidy expiration; and (4) using the computer processor, funding the subsidy account with subsidy funds having a second subsidy expiration. The method may further include (5) using the computer processor, monitoring a use of the subsidy funds; and (6) using the computer processor, providing a notification regarding the subsidy funds to the subsidy recipient. The notification may include a balance of the subsidy funds, an expiration for the subsidy funds, etc. The notification may be a text-based notification, a graphical notification, an audible notification, etc. | 04-24-2014 |
20140089359 | System and Method for Managing Information Retrievals for Integrated Digital and Analog Archives on a Global Basis - A system and method for managing information retrievals from all of an enterprises' archives across all operating locations. The archives include both digital and analog archives. A single “virtual archive” is provided which links all of the archives of the enterprise, regardless of the location or configuration of the archive. The virtual archive allows for data aggregation (regardless of location) so the a user can have data from multiple physical locations on a single screen in a single view. A single, consistent and user friendly interface is provided through which users are able to access multiple applications through a single sign-on and password. Logical tables that are used to direct information retrieval requests to the physical archives. The retrieved information is reformatted and repackaging to resolve any incompatibility between the format of the stored information and the distribution media. | 03-27-2014 |
20140081855 | Waterfall Prioritized Payment Processing - The invention comprises a system and method for “waterfall” type payment processing using multiple alternative payment sources. A payor provides account information for multiple payment sources, such as a bank checking account, savings account, first credit card account, second credit card account, and so forth. The multiple payment sources are prioritized so that one is a primary payment source, another is a secondary payment source, another is a tertiary payment source, and so forth. After setting up the waterfall payment arrangement, when a bill becomes due a payee or third party payment administrator submits transactions against the payment sources in their order of priority until the payment is satisfied. Other variations and enhancements are disclosed. | 03-20-2014 |
20140074700 | Automated Transactions Clearing System and Method - Embodiments of the present invention are related to systems and methods of verifying the integrity of transactions that traverse through complex system workflows, and particularly, verifying the integrity of financial and non-financial transactions that traverse through a plurality of financial systems making up one or more system workflows. In one embodiment, a clearing system is disclosed to include a central clearing engine configured for processing a plurality of transactions by retrieving transaction data of at least one transaction of the plurality of transactions from at least one data source based on a selection received. After parsing the transaction data, the central clearing engine may verify transaction data integrity based on the transaction data and determine a result, and generate a report based on the result. | 03-13-2014 |
20140068593 | System and Method for Sharing Information in a Private Ecosystem - A system and method are disclosed for controlling a restricted ecosystem of software applications. The method may include originating software applications from a vendor, associating a collection of the software applications with a user, controlling the distribution of the collection of software applications to the user, controlling access to the collection of software applications based on user credentials, and controlling the installing and updating of the collection of software applications. The method may additionally include executing a first software application from the collection of software applications, executing a second software application, and transferring data from the first software application to the second software application. The method may additionally include transferring data from the first software application to a web service. | 03-06-2014 |
20140067718 | Trading Exposure Management System and Method - Aspects of the present invention are directed to a computer-implemented trading exposure management method and system for centrally managing trading exposures within an industry. The method may include receiving a client request for additional exposure capacity above a predetermined client exposure limit with respect to a particular counterparty and selecting a third party with available exposure capacity with respect to the particular counterparty. The method may additionally include transferring at least a portion of the selected third party's available exposure capacity with respect to the particular counterparty to the client. | 03-06-2014 |
20140059263 | System and Method for Mobile Device Docking Station - Embodiments of the invention are related to systems and methods for a docking station that wirelessly connects to a mobile device, facilitates charging the mobile device, and enables the mobile device to interact with a virtual desktop infrastructure. | 02-27-2014 |
20140058854 | Mobile Fraud Prevention System and Method - A fraud prevention system is disclosed for preventing fraudulent activity on user accounts, the fraud prevention system interacting with a transaction tracking system for allowing association of transactions with user-defined categories. The fraud prevention system may include a computer memory including at least one database storing system settings specifying account-related events that require fraud prevention action and user-defined settings specifying account-related events that require fraud prevention action, wherein at least one of the user-defined settings pertains to events falling in one of the user-defined categories. The fraud prevention system may also include at least one computer processor programmed for detecting occurrence of the account-related events, accessing the system settings and user settings in the computer memory to determine if a fraud prevention action is required in response to the detected account-related event, activating a fraud prevention user interface for the user when fraud prevention action is required, and receiving user instructions through the fraud prevention interface and processing the user instructions. | 02-27-2014 |
20140052665 | SYSTEM AND METHOD FOR MANAGING HEDGING OF LONGEVITY RISK - A computer implemented method and system are provided for implementing a longevity bond management system for managing hedging of longevity of beneficiaries. The method may include issuing, through a special purpose vehicle, using computer processing components, a longevity bond having returns following a longevity index defined for a reference population of a pre-selected cohort of beneficiaries. The method may additionally include receiving from investors a payment amount for investment in the longevity bond, investing the payment amount in a collateral pool held by a custodian, and receiving cash flows from the investment in the collateral pool. The method may further include entering into a swap to exchange the cash flows from the investment for an amount equal to the difference between an actual and best-estimate longevity index amount and calculating, using computer processing components, based on the longevity index, a periodic payment to the investors based on the longevity performance of the pre-selected cohort of beneficiaries, such that the periodic payment increases when longevity exceeds expectations and decreases when longevity falls short of expectations. | 02-20-2014 |
20140052601 | System and Method for Online Trading Using an Electronic Spreadsheet - A system and method for receiving streamed, real time quotes with respect to financial instruments. The system applies a spreadsheet based investment strategy to the real time quotes, generating electronic orders based on the results of the investment strategy analysis and transmitting the orders for real time execution. The system generates a unique order identifier that allows users to actively track the status of orders in real time. This unique order identifiers can be shared with other users so that other trading strategies can be developed to execute upon the successful execution of the order (e.g., hedging). | 02-20-2014 |
20140046851 | System and Method for Sending Money Via E-Mail Over the Internet - A method and system for transferring money from a sender to a receiver utilizing a computer network such as the Internet. The sender visits a web site and identifies, to the server over the Internet, the receiver, an e-mail address of the receiver, an amount of money to be transferred, and a withdraw account from which money is to be transferred. Money is transferred from the withdraw account and deposited into a holding account. The server automatically sends an e-mail to the receiver to inform the receiver that the sender has transferred money and to request the receiver to visit the web site to receive money. The receiver visits the web site of the server in response to the e-mail and identifies a deposit account to which money is to transferred. Money is withdrawn from the holding account and deposited in the deposit account. | 02-13-2014 |
20140044251 | System and Method for Providing Call-Back Options - A system and method for providing call-back options is disclosed. The method comprises receiving a call in a call routing system, providing at least one call-back option for a caller to receive a call-back, re-allocating resources in the call routing system based at least in part on the at least one call-back option, and calling the caller based on the at least one call-back option. The caller may specify a specific time, a relative time, or a time range when a call-back is preferred. The caller may also specify one or more telephone numbers in combination with the time preferences. The call-back may be initiated by a voice response unit (VRU) and additional call-back options may be presented to the customer who responds to the call-back. | 02-13-2014 |
20140040044 | Personalized Interactive Network with Knowledge Management System - Systems and methods personalize interaction between an intermediary system, a plurality of consumers, and a plurality of third party providers of products and services. For each consumer, a plurality of personalized value propositions may be generated for various products and/or services. The value propositions have personalized terms such that the same good or service offered to one consumer may be offered on different terms to another consumer. The system may generate a list of personalized value propositions for each consumer corresponding to various products and/or services to promote to that consumer. When a consumer interacts with the intermediary system, one value proposition from the list may be selected for presentation. In other embodiments, a plurality of value propositions from the list may be selected for presentation to a consumer as a package. Consumers can interact with the system over a variety of communication channels and user devices, including ATMs, PDAs, cell phones, computers accessing web sites or other Web Devices, Voice Response Units (VRUs), and others. | 02-06-2014 |
20140039997 | System and Method for Funding a Collective Account - A system and method for funding a collective account such as a charitable account includes issuing a plurality of financial instruments, linking the financial instruments to the collective account, aggregating individual financial instrument usage, calculating a bonus or other reward based on the aggregate financial instrument usage and funding or distributing the reward to the collective account. According to the invention, members of a civic, charitable, political or other entity may generate collective rewards or other benefits which may be attributed to the designated organization. | 02-06-2014 |
20140025454 | Early Payment Rewards System and Method - Embodiments of the invention are directed to a computer-implemented method for reducing funding burden on a credit issuer by offering an early payment rewards program to qualified card holders. The method may include identifying card holders having a payment history illustrating payment of an entire credit balance each month, determining whether each of the identified card holders generates an account-related fee total not exceeding a pre-selected threshold, and selecting the card holders having a history of payment of the entire credit balance each month and generating account-related fees not exceeding the pre-selected threshold. The method may further include offering the early payment rewards program to the selected card holders, wherein upon enrollment in the early payment rewards program the selected card holders receive rewards for early payment behavior. | 01-23-2014 |
20140019332 | System and Method for Card Processing with Automated Payment of Club, Merchant, and Service Provider Fees - An apparatus and methods for a card that allows a cardholder to set up auto-charge payment of dues and fees to a series of clubs, merchants or service providers. The card also may be used for other transactions that accept credit cards. The apparatus includes a database containing information of the associated clubs, merchants and service providers, so that applicants and cardholders can easily configure auto-charging for multiple business concerns in one sitting. The apparatus may process auto-charge transactions in an automated fashion without requiring a cardholder to submit payment authorization or the business concern to submit a charge for each payment. Inconvenience and administrative costs to the cardholder and the business concern are reduced. The system and method provide a competitive advantage to the associated business concerns to secure the initial account and then to maintain it. The system and method encourages card loyalty of both the card members and the business concerns to the card provider. | 01-16-2014 |
20140012722 | System and Method for Associating Financial Transaction Data with User's Project Data - 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. | 01-09-2014 |
20140012683 | Personalized Interactive Network for Debt Management - Systems and methods are disclosed for personalizing interaction between an information/service/product provider using a debt management system that tracks data exchanged between users and the provider over multiple communication channels. User requests to an information/service/product provider can made via multiple different channels, such as by using ATMs, PDAs, cell phones, computers accessing web sites or other Web Devices, Voice Response Units (VRUs), and others. User requests submitted over these multiple channels are routed into an integrated debt management system that services these requests and selects personalized offers and/or personalized content and/or personalized format presentation to be provided to the users. | 01-09-2014 |
20140006242 | INTERACTIVE ACCOUNT MANAGEMENT SYSTEM AND METHOD | 01-02-2014 |
20130346289 | Credit instrument and system providing multiple services including access to credit services and access to a service provider club - An apparatus and methods for a card that allows a cardholder to set up auto-charge payment of dues and fees to a series of clubs, merchants or service providers. The card also may be used for other transactions that accept credit cards. The apparatus includes a database containing information of the associated clubs, merchants and service providers, so that applicants and cardholders can easily configure auto-charging for multiple business concerns in one sitting. The apparatus may process auto-charge transactions in an automated fashion without requiring a cardholder to submit payment authorization or the business concern to submit a charge for each payment. Inconvenience and administrative costs to the cardholder and the business concern are reduced. The system and method provide a competitive advantage to the associated business concerns to secure the initial account and then to maintain it. The system and method encourages card loyalty of both the card members and the business concerns to the card provider. | 12-26-2013 |
20130346246 | PERSONALIZED INTERACTIVE NETWORK WITH SOCIAL MARKETING PERSONALIZED OFFERS - Systems and methods are disclosed for personalizing interaction between an information/service/product provider using a knowledge management (KM) system that tracks data exchanged between users and the provider over multiple communication channels. User requests to an information/service/product provider can made via multiple different channels, such as by using ATMs, PDAs, cell phones, computers accessing web sites or other Web Devices, Voice Response Units (VRUs), and others. User requests submitted over these multiple channels are routed into an integrated KM system that services these requests and selects personalized offers and/or personalized content and/or personalized format presentation to be provided to the users. | 12-26-2013 |
20130339273 | METHOD AND SYSTEM FOR ADDING LIQUIDITY TO ALTERNATIVE INVESTMENT TRANSACTIONS - The invention provides a method and system for providing liquidity to an alternative investment fund. The transaction system includes a plurality of fund investors; an alternative investment fund in which the fund investors commit to the investment of “alternative investment funds,” the alternative investment fund managed by a fund manager; a structure operated in conjunction with the alternative investment fund, the structure managed by a structure manager; and a plurality of structure investors, the structure investors investing structure funds into the structure. The structure provides at least one fund investor with an option to designate cash distributions of the alternative investment fund, which are made available to the at least one fund investor, to the structure. In the system the at least one fund investor obtains a liquidation of alternative investment funds upon the designation of the cash distributions of the alternative investment fund. | 12-19-2013 |
20130332393 | METHOD AND SYSTEM FOR ADDING LIQUIDITY TO ALTERNATIVE INVESTMENT TRANSACTIONS - The invention provides a method and system for providing liquidity to an alternative investment fund. The transaction system includes a plurality of fund investors; an alternative investment fund in which the fund investors commit to the investment of “alternative investment funds,” the alternative investment fund managed by a fund manager; a structure operated in conjunction with the alternative investment fund, the structure managed by a structure manager; and a plurality of structure investors, the structure investors investing structure funds into the structure. The structure provides at least one fund investor with an option to designate cash distributions of the alternative investment fund, which are made available to the at least one fund investor, to the structure. In the system the at least one fund investor obtains a liquidation of alternative investment funds upon the designation of the cash distributions of the alternative investment fund. | 12-12-2013 |
20130317984 | Method and system for processing internet payments using the electronic funds transfer network - 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. | 11-28-2013 |
20130317983 | Method and System for Flexible Payment Processing - A system and method are provided that include determining eligibility of customers for flexible payment status and allowing the customers to implement the flexible payment status. The determination for eligibility is based on customer identity, payment date, and payment due date. Flex accrual is calculated if the customer is eligible for flexible payment status. The flex accrual is based on the payment amount, payment date, and payment due date. The system communicates the flex accrual to the customer and the customer is able to utilize the flex accrual by making a late payment without penalty. | 11-28-2013 |
20130311358 | DYNAMIC MANAGEMENT AND NETTING OF TRANSACTIONS USING EXECUTABLE RULES - Systems and methods for dynamically managing and netting transactions based on one or more sets of netting rules are disclosed. The present invention dynamically associates transactions with one or more collections based on the execution of netting rules to identify transactions that may be ideal for netting and to perform netting operations and calculations accordingly. The present invention may execute the netting rules according to the priority of the netting rule within a rule hierarchy and utilizes unique solutions allowing for the efficient processing of transactions even as netting rules are created, modified and removed from time-to-time. In addition, embodiments of the disclosed netting system utilize denormalized sets of data and maintain a complete audit trail for all operations. | 11-21-2013 |
20130304621 | Algorithmic Trading Management System and Method - Embodiments of the invention are directed to a computer-implemented system and method for facilitating electronic market participation of traders. The algorithmic trading management system may comprise an algorithm and/or sequence usage and construction module providing conditional user interface features for allowing traders to construct algorithms or sequences to structure trading orders. The system may additionally include sequence modification components for allowing traders to modify algorithms collected from external sources in order to customize trading orders. The system may further include operator intervention tools for allowing traders to manually influence sequence execution through a user interface. | 11-14-2013 |
20130297844 | System and Method for Mobile Device Docking Station - Embodiments of the invention are related to systems and methods for a docking station that wirelessly connects to a mobile device, facilitates charging the mobile device, and enables the mobile device to interact with a virtual desktop infrastructure. | 11-07-2013 |
20130293363 | Alert Optimization System and Method - Systems and methods are disclosed for providing alerts to one or more customers at an optimized time and communication channel based on at least customer preferences, transactions, activities, usage patterns, and other information; and for allowing customers to directly respond and communicate feedback to alerts that are provided to complete various account actions, including to “snooze” one or more alerts. | 11-07-2013 |
20130290328 | Data Exchange Management System and Method - Embodiments of the invention are directed to a computer-implemented system and method for data exchange management. The method may incorporate a physical data exchange management system and/or a logical data exchange management system. The method may include storing a data exchange profile for each communicating entity, receiving a request for data exchange from one of the communicating entities, and processing the request through a request handler for handling receipt of data exchange requests from the communicating entities, wherein the request handler accesses a relevant data exchange profile for the requesting communicating entity. The method may additionally include formatting data for exchange in accordance with the relevant data exchange profile and delivering the formatted data to a destination in accordance with the relevant data exchange profile. | 10-31-2013 |
20130261810 | Heating, Ventilation, and Air Conditioning Management System and Method - Systems and methods of controlling a heating, ventilating, and air conditioning system are provided that operate according to signals returned from return air temperature sensors as well as the supply air temperature sensors. Using predetermined temperature setpoints, return temperature information, and supply temperature information, the HVAC system is configured to maintain the temperature of a room first, by the use of its cooling valve, and second and only when the capacity of the cooling valve has peaked, by use of the fan. The presently disclosed improved HVAC system operates more efficiently by avoiding unit loading hopping and minimizing power consumption. | 10-03-2013 |
20130254091 | System and Method for Online Trading Using an Electronic Spreadsheet - A system and method for receiving streamed, real time quotes with respect to financial instruments. The system applies a spreadsheet based investment strategy to the real time quotes, generating electronic orders based on the results of the investment strategy analysis and transmitting the orders for real time execution. The system generates a unique order identifier that allows users to actively track the status of orders in real time. This unique order identifiers can be shared with other users so that other trading strategies can be developed to execute upon the successful execution of the order (e.g., hedging). | 09-26-2013 |
20130246264 | IMAGE AUTHENTICATION AND SECURITY SYSTEM AND METHOD - Embodiments of the invention are related to a computer-implemented authentication method and system for authenticating a customer using an electronic device for engaging in a transaction involving a financial institution over a network. Embodiments of the method include capturing an image of the customer engaging in the transaction using an image capturing device integrated with the electronic device and retrieving a stored image of the customer from an authentication database. Embodiments of the invention additionally include comparing, using a comparison algorithm executed by computer processing components, the stored image with the captured image to authenticate the customer and upon authentication, monitoring the captured image during the transaction for an interruption using the computer processing components. The method further includes terminating the transaction if an interruption is detected. | 09-19-2013 |
20130246245 | System And Method For Integrating Trading Operations Including The Generation, Processing And Tracking of Trade Documents - First and second components of the present invention, in combination, provide a customer interface for initiating a trade transaction and provides for the secure viewing of the status of the transaction. A third component assists in the automatic generation and verification of the voluminous and detailed documents required to support a trade transaction. The third component additionally tracks and assists in the management of the seller's manufacturing and shipment of the goods that form the basis of the trade transaction. A fourth component automatically generates a Letter of Credit from a Purchase Order and performs a reconciliation function on payments made pursuant to Letters of Credit or open Accounts. | 09-19-2013 |
20130246189 | Personalized Interactive Network for Delivery of Information Including Targetted Offers for Goods and Services - Systems and methods personalize interaction between a central server system, a plurality of consumers, and a plurality of providers of information regarding products and services of potential interest. For each consumer, a plurality potential offers may be generated for various products and/or services. The system may generate a list of personalized offers for each consumer corresponding to various products and/or services to promote to that consumer. When a consumer interacts with the central server system, a response results in the delivery of responsive content as well as personalized offer content. Consumers can interact with the system over a variety of communication channels and user devices, including ATMs, PDAs, cell phones, computers accessing web sites or other Web Devices, Voice Response Units (VRUs), and others. | 09-19-2013 |
20130246153 | METHOD AND SYSTEM FOR DISTRIBUTION OF UNACTIVATED BANK ACCOUNT CARDS - The invention comprises a method for distributing dead bank cards to customers who have not solicited a bank card or submitted an application. The dead bank card is a bank card (e.g., ATM card, debit card, check card, and the like) which contains all necessary information to be used, including a pre-assigned bank account number, and which only requires activation/approval by the prospective new bank account customer. In one embodiment, the dead bank card is distributed in connection with live credit cards issued to applicants for credit card accounts. Once operative, the bank card and the credit card may be linked together through a rebate/rewards program. | 09-19-2013 |
20130246152 | Electronic Trading System and Method for Marketing Products and Services - A consumer is provided with a first asset in return for a promise to earn an agreed to number of points over an agreed to redemption period. The consumer subsequently earns the points by purchasing one or more second assets. At least one of the second assets is different than the first asset. Each purchase has an associated with point value, at least one of the point values being different than at least one other point value. | 09-19-2013 |
20130238505 | System and Method for Linked Account Having Sweep Feature - A linked account instrument is used to access funds in an existing demand deposit account held at a financial institution. Merchant or other transactions are first processed against a demand deposit account via an electronic authorization network. If the demand deposit account does not have sufficient funds, the transactions may be processed as a credit charge against an designated credit account. The demand deposit account may subsequently be swept at predetermined times in search of funds to defray the overdraft. If adequate funds are present, they will be withdrawn from the demand deposit account, and the credit account will be cleared. Otherwise, the instrument holder's daily purchasing abilities may be temporarily suspended until the credit account is settled. The processing of overdraft amounts may be on a FIFO, smallest-first or other basis. | 09-12-2013 |
20130238486 | METHOD AND SYSTEM FOR DISTRIBUTION OF UNACTIVATED BANK ACCOUNT CARDS - The invention comprises a method for distributing dead bank cards to customers who have not solicited a bank card or submitted an application. The dead bank card is a bank card (e.g., ATM card, debit card, check card, and the like) which contains all necessary information to be used, including a pre-assigned bank account number, and which only requires activation/approval by the prospective new bank account customer. In one embodiment, the dead bank card is distributed in connection with live credit cards issued to applicants for credit card accounts. Once operative, the bank card and the credit card may be linked together through a rebate/rewards program. | 09-12-2013 |
20130238447 | Personalized Interactive Network with Knowledge Management System - Systems and methods personalize interaction between an intermediary system, a plurality of consumers, and a plurality of third party providers of products and services. For each consumer, a plurality of personalized value propositions may be generated for various products and/or services. The value propositions have personalized terms such that the same good or service offered to one consumer may be offered on different terms to another consumer. The system may generate a list of personalized value propositions for each consumer corresponding to various products and/or services to promote to that consumer. When a consumer interacts with the intermediary system, one value proposition from the list may be selected for presentation. In other embodiments, a plurality of value propositions from the list may be selected for presentation to a consumer as a package. Consumers can interact with the system over a variety of communication channels and user devices, including ATMs, PDAs, cell phones, computers accessing web sites or other Web Devices, Voice Response Units (VRUs), and others. | 09-12-2013 |
20130238415 | Electronic Trading System and Method for Marketing Products and Services - A consumer is provided with a first asset in return for a promise to earn an agreed to number of points over an agreed to redemption period. The consumer subsequently earns the points by purchasing one or more second assets. At least one of the second assets is different than the first asset. Each purchase has an associated point value, at least one of the point values being different than at least one other point value. | 09-12-2013 |
20130218767 | Web Enabled Bank Teller Machine - A system and method is provided for an ATM having a display, a logic server coupled to the display, and a memory coupled to the logic server. The logic server dynamically controls the content of screens to be displayed on the display. The memory, which is accessible to the logic server, contains a profile of at least one user. | 08-22-2013 |
20130218734 | SYSTEM AND METHOD FOR ASSOCIATING FINANCIAL TRANSACTION DATA WITH A USER'S PROJECT DATA USING A PORTABLE ELECTRONIC DEVICE - 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. | 08-22-2013 |
20130218654 | System and Method for Funding a Collective Account - A system and method for funding a collective account such as a charitable account includes issuing a plurality of financial instruments, linking the financial instruments to the collective account, aggregating individual financial instrument usage, calculating a bonus or other reward based on the aggregate financial instrument usage and funding or distributing the reward to the collective account. According to the invention, members of a civic, charitable, political or other entity may generate collective rewards or other benefits which may be attributed to the designated organization. | 08-22-2013 |
20130203026 | System and Method for Virtual Training Environment - Embodiments of the invention are directed to a computer-implemented interactive virtual training system and method for facilitating the virtual interactive training of an employee over a network. The system may include computer storage components for storing training application program modules, a delivery engine for delivering a virtual interactive training environment, the environment including visual and audio components, computer processing components for accessing and executing the training application program modules, and a user input sensing mechanism for accepting and interpreting user input received in the virtual interactive training environment enabling the user to perform training tasks in the interactive virtual training environment. Each training application program module includes training material for one of multiple career paths, wherein the training material is divided into multiple levels, such that successful employee completion of an initial level for one career path allows access to a subsequent level for the career path. | 08-08-2013 |
20130191301 | Method and System for Reconciling Transportation Records - Aspects of the present invention are directed to a system for next day reconciliation of transportation records. The system having a transportation record storage provider (TRSP) that receives and stores storage medium transportation requests; an outside service provider (OSP) inventory manager that receives and maintains records of transported storage mediums scanned at the OSP; and a reconciliation provider that receives a first list from the TRSP and a second list from the OSP inventory manger, for reconciliation. The reconciliation provider includes receivers for receiving the first and second list; a processing engine that reconciles the first list and the second list; and a reporting unit that reports the results of the reconciliation. The processing engine matches inbound and outbound records of the first list and second list, and processes invalid records; and analyzes and accounts for un-matched records. | 07-25-2013 |
20130191278 | Method and System for Processing Internet Payments Using the Electronic Funds Transfer Network - 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 | 07-25-2013 |
20130191277 | Method and System for Processing Internet Payments Using the Electronic Funds Transfer Network - 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. The VPL is a limited function receive only account for receiving electronic payments through the EFT. The Account Reporter is a portal to view transaction history and balance of IPA and VPL accounts, provide online, real-time transaction reports, and to reconciles accounts receivable/purchase records against incoming EFT payment records. A physical card can be associated with either an IPA or VPL account in order to provide PIN debit capability. | 07-25-2013 |
20130182835 | System and Method of Intelligent Call Routing for Cross Sell Offer Selection based on Optimization Parameters or Account-level Data - An apparatus and methods for a call routing system is disclosed whereby the call routing service provider is associated with a series of partners. By providing a system supporting not only the main user, but also the partners, efficiencies are gained through cost-spreading. Agents can be qualified to field calls for multiple business entities. Cross-selling and proactive servicing based on caller demographic and profile data can be effectuated. The system employs a centralized or global bank of shared Interactive Voice Response (IVR) units so that unnecessary post-routing and call site interflow are reduced. The system comprises a central server system that interfaces with a long distance provider so that route requests are received, caller data is retrieved from one or more databases, routing and handling strategies are developed, load balancing is effectuated, and calls are appropriately routed to one of a plurality of geographically separated call center systems with queues staffed by agents. Each call center system is designed to support various queues, and agents may be qualified or assigned to various queues based on their skill sets and skill levels. | 07-18-2013 |
20130179681 | System And Method For Device Registration And Authentication - 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. | 07-11-2013 |
20130179332 | System and Method for Generating Graphical User Interface - An automated method for generating Graphical User Interfaces (GUI's) is illustrated in the context of a system for processing financial applications. In one embodiment, the GUI generator converts domain data representing over one thousand application types into an equal number of corresponding user screens. The interface may also be bi-directional, operating on user inputs to validate data or check for double keying. | 07-11-2013 |
20130173375 | Mortgage Matching System and Method - A computer-implemented method is disclosed for rewarding mortgage customers of a financial institution with a reward payment amount. The method includes providing enrollment in a mortgage matching system to eligible mortgage customers, wherein eligibility requirements include the requirement that eligible mortgage customers hold both a mortgage account and a checking account with the financial institution. The method additionally includes enabling the customer to make periodic mortgage payments from the checking account to the mortgage account and monitoring continued compliance with the eligibility requirements and submission of the periodic payments using a monitoring engine implemented by at least one computer processor. The method further includes determining a reward payment amount to be made by the financial institution to each complying mortgage customer using a fulfillment engine implemented by the at least one computer processor, wherein the reward payment amount is a predetermined percentage of principal and interest. | 07-04-2013 |
20130152166 | System And Method For Trusted Pair Security - A system for and method of protecting a resource is presented. The system and method include a trusted pair consisting of an initiator and a receiver. The receiver faces outward and is connected to a network, such as the Internet. The initiator is connected to the protected resource. In establishing a connection between the initiator and the receiver, the initiator initiates all communications. This configuration simplifies environment management, improves security including access controls, and facilitates deployment of internet-facing resources by changing the traditional model of component-to-component connection. | 06-13-2013 |
20130151404 | System and Method For Providing Borrowing Schemes - A system and method providing a borrowing scheme. The method comprises the steps of: establishing an interest-free revolving amount or account using the computer processor; establishing a periodic payment for maintaining the interest-free revolving amount or account using the computer processor; and automatically revising the interest-free revolving amount or account or the periodic payment using the computer processor based upon at least one user performance metric over a predetermined period of time; wherein the interest-free revolving amount or account or the periodic payment for maintaining the interest-free revolving amount is determined by the user via the network | 06-13-2013 |
20130151349 | Personalized Interactive Network with Knowledge Management System - Systems and methods are disclosed for personalizing interaction between an information/service/product provider using a knowledge management (KM) system that tracks data exchanged between users and the provider over multiple communication channels. User requests to an information/service/product provider can made via multiple different channels, such as by using ATMs, PDAs, cell phones, computers accessing web sites or other Web Devices, Voice Response Units (VRUs), and others. User requests submitted over these multiple channels are routed into an integrated KM system that services these requests. The user requests are serviced in such a manner that they are personalized in multiple aspects to enrich the user's experience. | 06-13-2013 |
20130145483 | System And Method For Processing Protected Electronic Communications - Systems and methods for processing protected electronic communications are disclosed. According to one embodiment, a method for processing inbound messages may include (1) receiving a message containing protected content at an electronic device comprising at least one computer processor; (2) using the at least one computer processor, determining a manner in which unprotected content corresponding to the protected content is accessed by a user; and (3) using the at least one computer processor, automatically sending the unprotected content to a first storage location. | 06-06-2013 |
20130132239 | System And Method For Integrating Trading Operations Including The Generation, Processing And Tracking of Trade Documents - First and second components of the present invention, in combination, provide a customer interface for initiating a trade transaction and provides for the secure viewing of the status of the transaction. A third component assists in the automatic generation and verification of the voluminous and detailed documents required to support a trade transaction. The third component additionally tracks and assists in the management of the seller's manufacturing and shipment of the goods that form the basis of the trade transaction. A fourth component automatically generates a Letter of Credit from a Purchase Order and performs a reconciliation function on payments made pursuant to Letters of Credit or open Accounts. | 05-23-2013 |
20130124419 | System and Method for Back Office Processing of Banking Transactions Using Electronic Files - As banking transactions are processed by a bank teller, all of the relevant information with respect to the transaction (e.g., dollar amount) is captured in an electronic file. Each of the electronic files from the various branches of the bank are forwarded to a central back office processing center where the electronic files are combined into a single Transaction Repository. At the end of the branch day, all of the paper associated with the transactions is forwarded from the branches to the back office processing center. The paper transactions are imaged in the conventional manner and the Magnetic Ink Character Recognition (MICR) data is read from the paper. The present invention then automatically correlates the images and MICR data captured from the paper with the complete transaction record contained in the Transaction Repository. Most of the conventional back office processing can now be performed without the need to perform character recognition and without the need for excess human intervention. | 05-16-2013 |
20130124406 | Electronic Bill Presentment and Payment System and Method - A method and system using a communication network such as the Internet to allow registered users the flexibility to pay a bill by using traditional non-electronic payment methods after receiving an e-mail notification. The e-mail notification contains at least summary information which is formatted in the form of a remittance which can be included with the non-electronic form of payment allowing a user to retain the ability to pay a bill non-electronically while still being electronically notified that the bill is coming due. Additionally, a registered user has the option to pay a bill electronically after receiving the e-mail by clicking on an appropriate web address embedded within that e-mail. The registered user will either be directed to a biller website or a Customer Service Provider (CSP) and/or a Business Service Provider (BSP) website and given the option to pay the bill electronically. | 05-16-2013 |
20130124312 | System and Method for Management and Delivery of Content and Rules - A system and methods for management and delivery of content and rules is disclosed. An exemplary method may comprise managing, for an organization, a plurality of data and a plurality of content in separate database entities, wherein the plurality of content is associated with the plurality of data based on a plurality of rules; packaging the plurality of rules with the plurality of content in a carrier that is independent from one or more presentation channels, wherein at least part of the plurality of content is integrated with at least part of the plurality of data; delivering the plurality of data and the carrier to the one or more presentation channels; integrating, at the one or more presentation channels, the plurality of data with the plurality of content based on the plurality of rules; and distributing the integrated data and content through the one or more presentation channels. | 05-16-2013 |
20130103661 | SYSTEM AND METHOD FOR PORTAL INFRASTRUCTURE TRACKING - A method and system for collecting and transmitting data across or through a firewall using HTTP and/or XML between computer systems that do not otherwise grant access to each other. A method and system for preparing data reports using data and report generation modules using HTTP and/or XML between computer systems. | 04-25-2013 |
20130097073 | Method and System for Flexible Payment Processing - Embodiments of the invention are directed to a computer-implemented method for enhancing payment flexibility implementing a computer processor accessing at least one storage medium. The method includes receiving payment notification including a payment amount and a payment date for an identified customer and determining eligibility for flexible payment status implementing the computer processor, the determination based on the customer identity, the payment date, and a payment due date. The method further includes calculating a flex accrual using the computer processor if the customer is eligible for flexible payment status, the flex accrual based on the payment amount, the payment date, and the payment due date and communicating the flex accrual to the customer. The method additionally includes allowing the identified customer to utilize the flex accrual by making a late payment without penalty, wherein a number of days late and dollars paid are determined based on the flex accrual. | 04-18-2013 |
20130091075 | ELECTRONIC COLLATERAL MANAGEMENT SYSTEM AND METHOD - A process for allocating specific assets from a pool of assets to secure a liability. Information concerning each of the assets in the pool of assets is received from at least two sources. A set of validation rules is applied to the information for each asset in the pool of assets and those assets which do not meet the validation rules are rejected. A price is assigned to each non-rejected asset. A subset of the non-rejected assets is allocated to the liability as a function to collateralize the liability. | 04-11-2013 |
20130085919 | Interactive Account Management System and Method - Embodiments of the invention are directed to a computer-implemented interactive account management system operated in cooperation with a financial institution on behalf of multiple account holders. The interactive account management system may include a financial networking engine implemented by a processor for defining a financial network for each account holder and for identifying each member of an account holder financial network based on stored account information and account holder input. The system may additionally include interactive processing components for processing information to provide collaborative interaction between the members of the account holder financial network defined by the financial networking engine and user interface presentation tools for displaying financial guidance and collaborative interaction interfaces and inviting active participation from the financial network members. | 04-04-2013 |
20130079932 | Heating, Ventilation, and Air Conditioning Management System and Method - Systems and methods of controlling a heating, ventilating, and air conditioning system are provided that operate according to signals returned from return air temperature sensors as well as the supply air temperature sensors. Using predetermined temperature setpoints, return temperature information, and supply temperature information, the HVAC system is configured to maintain the temperature of a room first, by the use of its cooling valve, and second and only when the capacity of the cooling valve has peaked, by use of the fan. The presently disclosed improved HVAC system operates more efficiently by avoiding unit loading hopping and minimizing power consumption. | 03-28-2013 |
20130036199 | System and Method for Managing Information Retrievals for Integrated Digital and Analog Archives on a Global Basis - A system and method for managing information retrievals from all of an enterprises' archives across all operating locations. The archives include both digital and analog archives. A single “virtual archive” is provided which links all of the archives of the enterprise, regardless of the location or configuration of the archive. The virtual archive allows for data aggregation (regardless of location) so the a user can have data from multiple physical locations on a single screen in a single view. A single, consistent and user friendly interface is provided through which users are able to access multiple applications through a single sign-on and password. Logical tables that are used to direct information retrieval requests to the physical archives. The retrieved information is reformatted and repackaging to resolve any incompatibility between the format of the stored information and the distribution media. | 02-07-2013 |
20130006985 | Document Management Techniques To Account For User-Specific Patterns in Document Metadata - Document management techniques to account for user-specific patterns in document metadata are disclosed. In one embodiment, a method for facilitating document retrieval may comprise: assigning a first entitlement to a first user for accessing a first plurality of documents; identifying patterns in the first user's creation or modification of metadata related to the first plurality of documents; recording the identified patterns associated with the first user; receiving a document query from a second user who has been assigned a second entitlement to access a second plurality of documents; determining, based on the second entitlement, an access right of the second user with respect to the first plurality of documents; and modifying the document query based on the access right of the second user and the identified patterns, such that the document query returns relevant documents from the first plurality of documents despite the second user's ignorance of the identified patterns. | 01-03-2013 |
20130006875 | SYSTEM AND METHOD FOR PROVIDING INCENTIVES TO CONSUMERS TO SHARE INFORMATION - A system and method for providing incentives to consumers to share their consumer information with third parties is provided. According to one aspect of the present invention, a method is provided which includes the steps of: accepting consumer information; storing the consumer information; requesting permission from the consumer to share their consumer information with a third party; and offering the consumer a selected incentive in exchange for their permission to share their consumer information. | 01-03-2013 |
20120317020 | SYSTEM AND METHOD FOR MEASURING AND UTILIZING POOLING ANALYTICS - A system and method for quantifying the working capital benefit of pooling a number of separate cash accounts. The average (mean) cash balance of the pooled account is determined to be the sum of the means of each of the individual accounts. Similarly, the standard deviation of the pooled account is determined to be the square root of the sum of the squares of the standard deviations of the individual accounts. Accordingly, the minimum cash level of the pooled account is 2.3 times the square root of the sum of the squares of the standard deviations of the individual accounts. If pooling is to be beneficial, from a working capital perspective, the minimum cash required in the pooled account will be significantly less than the aggregate cash required by the separate companies. | 12-13-2012 |
20120310819 | SYSTEMS AND METHODS FOR PERFORMING SCORING OPTIMIZATION - The invention provides systems and methods relating to generating a unified determination based on subdetermination, and in particular, generating a unified score based on respective scores. For example, the invention provides a method for generating a unified determination based on subdeterminations, the method including generating a first subdetermination based on first criteria; generating a second subdetermination based on second criteria; and generating a unified determination based on the first subdetermination and the second subdetermination. The generation of the unified determination includes (a) assigning, using iterative processing, an assigned weighting respectively to the first determination and second determination; (b) determining if the assigned weighting satisfies at least one constraint; (c) comparing the assigned weighting to an optimized weighting, which was previously determined, to determine if the assigned weighting is improved over the optimized weighting; and (d) if the assigned weighting is improved, then assigning the assigned weighting to be the optimized weighting. | 12-06-2012 |
20120310675 | System and Method for Loss Checks Payable to Secured Party and Property Owner - Methods of and systems for distributing insurance proceeds from an insurer are disclosed. Insurance proceeds may be distributed to a property owner and a party with a security interest in the property. In accordance with some embodiments, the methods general comprise the steps of determining the amount of insurance proceeds to pay, capturing banking information associated with the property owner, providing the insurance proceeds to the party with a security interest in the property, removing the amount of value the party with the security interest in the property is entitled to and providing the residual value to the property owner. Systems in accordance with some embodiments of the invention general comprise a data capture device configured to capture banking information associated with the property owner, and a processor configured to provide a potion of the insurance proceeds to a first banking institution associated with the party with a security interest in the property and configured to provide the residual insurance proceeds to a second banking institution associated with the property owner. | 12-06-2012 |
20120284201 | Estate Disposition Modeling - A system and computer-implemented method for modeling estate disposition are disclosed. One embodiment receives balance sheet inputs, estate planning document inputs and timing/event inputs. Conveyance and tax logic are applied to the inputs. Flowcharts illustrating the disposition of the estate based on the inputs are generated. Tax and liquidity analysis based on the inputs are also generated. | 11-08-2012 |
20120278143 | System and Method for Varying Electronic Settlements Between Buyers and Suppliers with Dynamic Discount Terms - A method of making payment. A request is received to effect payment between a buyer and a seller for a transaction having established terms. The terms include a payment amount and a settlement date. Messages are exchanged between the buyer and the seller that include an offer and acceptance of new terms for payment at other than the established terms. The new terms include an adjusted amount of payment to be made at a particular time after an event associated with the transaction. An electronic notification that the event has occurred is received, and the after the notification, payment between the buyer and seller is effected under the new terms. | 11-01-2012 |
20120265625 | METHOD AND SYSTEM FOR IMPLEMENTING A CARD PRODUCT WITH MULTIPLE CUSTOMIZED RELATIONSHIPS - According to one embodiment, the present invention relates to a method and a system for implementing a card product or access mechanism with multiple relationships with an issuing entity (e.g., bank, etc.) where each relationship may be defined by one or more sets of rules that are customized for a particular customer. A computer implemented method and system for implementing a mechanism with multiple customized relationships may involve identifying one or more customized rules for an access mechanism associated with a customer; establishing a plurality of accounts for the customer wherein the plurality of accounts comprise different accounts with different account characteristics; and invoking one of the plurality of accounts for a transaction through the access mechanism, based at least in part on the one or more customized rules; wherein the plurality of accounts share at least one funding account. | 10-18-2012 |
20120233074 | Targeted Benefit Account - Exemplary embodiments provide a single financial account that may contain funds in either an actual or a notional balance from one or more payment, benefit, and/or entitlement programs with the funds being made available to an account holder through the use of a multipurpose financial account card that may be used for transactions. The account may accept funds from various non-governmental sources and prevent comingling of funds where comingling is not permitted or enable comingling of funds where permitted or encouraged. The access to and use of the funds may be governed by one or more hierarchical rules based on the type of funds' that determine the funds application to the transaction. | 09-13-2012 |
20120227109 | System And Method For Packet Profiling - Systems and methods for packet profiling are disclosed. According to one embodiment, a method for profiling incoming data packets for an organization includes the steps of (1) receiving, at an interface for a transport provider, a data packet; (2) using a computer processor, analyzing the data packet; (3) using the computer processor, based on the analysis, marking the data packet; and (4) transmitting the data packet to the organization. | 09-06-2012 |
20120209761 | System and Method for Providing Borrowing Schemes - A system and method providing a borrowing scheme. The method comprises the steps of: establishing an interest-free revolving amount or account using the computer processor; establishing a periodic payment for maintaining the interest-free revolving amount or account using the computer processor; and automatically revising the interest-free revolving amount or account or the periodic payment using the computer processor based upon at least one user performance metric over a predetermined period of time; wherein the interest-free revolving amount or account or the periodic payment for maintaining the interest-free revolving amount is determined by the user via the network | 08-16-2012 |
20120173406 | System and Method for Rapid Updating of Credit Information - According to one embodiment, the invention relates to a system and method for evaluating the creditworthiness of an account holder of a credit account comprising the steps of determining, at least once a day, whether a first data set relating to the creditworthiness of the account holder has been received from a credit reporting organization; determining, at least once a day, whether a second data set relating to transaction activity of the credit account has been received; periodically receiving from a credit reporting organization a third data set relating to the creditworthiness of the account holder; periodically receiving a fourth data set relating to the historical activity of the credit account; and using the first and second data sets, to the extent they have been received, and the third and fourth data sets to determine a measure of creditworthiness | 07-05-2012 |
20120143756 | Personalized Bank Teller Machine - A system and method is provided for an ATM having a display, a logic server coupled to the display, and a memory coupled to the logic server. The logic server dynamically controls the functions available to the users including messages and coupons. A host contains a profile of a user. The memory, which is accessible to the logic server, may contain a profile of at least one user. A user card may contain a profile of the user. In operation, the ATM detects the a user's card and requests the profile of the user whose card was detected from a host. The ATM then receives the user's profile and stores the user's profile in the ATM. The system and method also provides a cardless ATM in which a user logs on without a card. Additionally, system and method also provides ATM services via a personal device. | 06-07-2012 |
20120136782 | METHOD AND SYSTEM FOR FACILITATING NETWORK TRANSACTION PROCESSING - According to one embodiment, the present invention relates to a method and a system for facilitating settlement processing within a network of financial institutions may include receiving one or more payment items from a plurality of payment entities, at a centralized agent; aggregating the payment items into one or more categories; identifying a payee financial institution and a payor financial institution for each payment items, wherein the payee financial institution and the payor financial institution are different; determining whether the payee financial institution and the payor financial institution are within the network of financial institutions; for the payee and payor within the network, determining at the centralized agent a settlement path within the network of financial institutions for each payment item; and for the payee and payor that are not within the network, forwarding the payment items to a third party settlement entity. | 05-31-2012 |
20120066045 | System and Method for Dynamically Identifying, Prioritizing and Offering Reward Categories - A method for identifying and offering rewards is provided. A user's transaction history or category history, such as, for example, spending history, transaction history, merchant history, purchases history, services history, product history, channel history, frequency of spending history, SKU history, redemption history, reward earnings history, earning levels, reward categories, or currency type, currency history, customer responses to questions, and/or other data or information that enables identification of relevant rewards is determined. Next, at least one reward category based on the user's transaction history or reward category history is dynamically prioritized, and at least one top reward category based on the dynamic prioritizing of the at least one reward category is determined. Finally, the user is dynamically rewarded discounts, rebates, coupons, or other reward incentives based on the least one top reward category. | 03-15-2012 |
20120036068 | Multiple Account Advanced Payment Card and Method of Routing Card Transactions - A system of accessing through a financial processing network multiple accounts associated with a single financial card. Data is input to the financial network in addition to the transaction data and the account identification data that in read from the card. This addition data permits the proper account to be accessed. The data may be input at the point of sale as an account selection. In this instance, the selection may be used to route the transaction data through the financial processing network or may be used to read data regarding one of multiple accounts encoded on the card. The data may also be stored as conditional routing rules at transfer points in the financial processing network. In this instance, the transaction is routed to the proper account based on the stored rules. | 02-09-2012 |
20110251965 | System and method for varying electronic settlements between buyers and suppliers with dynamic discount terms - A method of making payment. A request is received to effect payment between a buyer and a seller for a transaction having established terms. The terms include a payment amount and a settlement date. Messages are exchanged between the buyer and the seller that include an offer and acceptance of new terms for payment at other than the established terms. The new terms include an adjusted amount of payment to be made at a particular time after an event associated with the transaction. An electronic notification that the event has occurred is received, and the after the notification, payment between the buyer and seller is effected under the new terms. In one implementation, a digital signature indicating acceptance of the new terms is received. Another embodiment of the invention is directed to a method of effecting payment that includes receiving requests to effect a set of transactions with a set of entities. Requests for offers of terms different than the established terms are sent to the entities, and the different terms are to apply to payment made at a particular time after the event. Offers are received in response to the requests, and a set of offers among the offers is selected based on a set of one or more criteria. Requests for offers and selection of the offers may be made based on a goal seeking process. Another embodiment of the invention is directed to a method of making payment involving a buyer, seller and a third party, such as a financial institution. A system for making payment is also described. | 10-13-2011 |
20110238551 | SYSTEM AND METHOD FOR DETERMINING ELIGIBILITY AND ENROLLING MEMBERS IN VARIOUS PROGRAMS - A system and method for determining eligibility of persons and enrolling those persons in various programs. For example, one embodiment is particularly suited for enrolling credit card members in payment programs. A program is selected, after which enrollment information is entered. The enrollment information is checked and verified, and the enrollment application is checked for eligibility. The enrollment may be either accepted or declined. The possibility of reiterative enrollment in more than one program is provided. A system is provided for tracking which payment programs are the most enticing for later feedback analysis. | 09-29-2011 |
20110208670 | Execution Optimizer - Exemplary embodiments of the present invention provide systems and methods for optimizing the automatic execution of trade orders and picking an optimal trading algorithm for said execution. An order may be received and processed using a set of pre-determined screening rules. When at least one of the screening rules is violated, a meta-algorithm may be applied to the order. The meta-algorithm may select an algorithm to automatically execute the order based price slippage to determine if the algorithm is “optimal.” | 08-25-2011 |
20110208634 | System and method for optimizing order execution - An embodiment of the present invention provides computer-implemented methods and systems for optimizing the executing an order, such as trading orders. An order may be electronically routed to an Execution Optimizer (“EO”). The EO may apply a particular profile to the order, corresponding to a particular portfolio manager. Next, the order, with the profile, may be routed, electronically, to a third party where a prediction model may be applied to the order, indicating trading parameters for the order. The order, with the trading parameters from the prediction model, may be passed back to the EO, where a rules engine may apply rules, specific to the executing financial institution, to the order. The order may then be passed to a selected broker for market trading. | 08-25-2011 |
20110131097 | System and Method for Granting Promotional Rewards to Both Customers and Non-Customers - Systems and methods of attracting and retaining customers of a Banking institution through an incentive program is disclosed, comprising: operating a promotional program, comprising the dispensing of a indicia redeemable for a prize, and wherein the dispensing of the indicia is accomplished through the use of an automated teller machine (ATM); and operating a rewards program, wherein upon a customer completing a triggering behavior, a specified reward is granted to the customer. Systems and methods of operating a promotional program for customers of a Banking institution is also disclosed, wherein the method comprises dispensing a indicia redeemable for a prize, and wherein the dispensing of the indicia is accomplished through the use of an automated checking machine (ATM). | 06-02-2011 |
20110087527 | Personalized Bank Teller Machine - A system and method is provided for an ATM having a display, a logic server coupled to the display, and a memory coupled to the logic server. The logic server dynamically controls the functions available to the users including messages and coupons. A host contains a profile of a user. The memory, which is accessible to the logic server, may contain a profile of at least one user. A user card may contain a profile of the user. In operation, the ATM detects the a user's card and requests the profile of the user whose card was detected from a host. The ATM then receives the user's profile and stores the user's profile in the ATM. The system and method also provides a cardless ATM in which a user logs on without a card. Additionally, system and method also provides ATM services via a personal device. | 04-14-2011 |
20110047066 | SPECIAL MATURITY ASR RECALCULATED TIMING - An system for and method of repurchasing stock is presented. The system and method improve upon prior art techniques by limiting risk to an investment bank that enables an accelerated stock repurchase. More particularly, such risk is reduced in the event that the repurchasing company announces higher than expected dividends on the stock during the term of the accelerated repurchase transaction. | 02-24-2011 |
20110035306 | System and method for buying and selling securities - A computer-implemented method for trading a financial instrument. The method can include receiving an instrument designation for a financial instrument, receiving an offset value, related to the instrument, and receiving an actuation of at least one of a better buyer selector and a better seller selector related to the instrument. The method can include receiving a base value related to the instrument, receiving a timeout rule related to the instrument, and receiving a timeout value related to the instrument. The timeout rule can be an interval type, and the timeout value can be a time interval. The timeout rule can be a custom type, and the timeout value can be a mathematical expression. In addition, the method can include generating a request to buy the instrument at a value of the offset above the bid price for the instrument, and buying the instrument. | 02-10-2011 |
20110022448 | System and Method for Granting Promotional Rewards to Credit Account Holders - A system and method for providing promotional rewards is provided. First, a promotional reward is communicated to a customer. The promotional reward offer comprises a promotional reward associated with one or more promotional reward-earning behaviors and a promotional time frame. The offer may specify a customer population, and the customer may be enrolled in the promotional reward program if the customer is determined to be in the population. The customer is credited a promotional reward if the customer accomplishes the promotional reward-earning behavior(s) within the promotional time frame. The customer may also be enrolled in a base reward program. The promotional rewards and base rewards may be accumulated in a customer account. A system for implementing a promotional rewards program is also provided. | 01-27-2011 |
20110004554 | INTERNATIONAL BANKING SYSTEM AND METHOD - A system and method for providing banks with access to a previously inaccessible existing international infrastructure. A provider bank first establishes on its system, a set of accounts for each of the customers of a client bank (the client bank environment). The client bank environment has its own Demand Deposit Account (DDA) module to process account entries and calculate interest and its own funds transfer module to initiate and to receive funds transfers. The primary interface into the funds transfer section in the client bank environment is to the funds transfer section of the provider bank environment. The funds transfer section of the provider bank is coupled to the systems which constitute the international banking infrastructure that is able to process banking transactions on a global basis for the customers of the client bank. A customer requests a particular international transaction to be performed by its client bank. The client bank then communicates the requested transaction to the funds transfer section in the client bank environment within the system of the provider bank. Once the client bank funds transfer section has received the requested transaction, it references the customer's accounts in the client bank environment (e.g., to debit the customer's account) and then transmit a transaction message (e.g., a payment message) to the funds transfer section of the provider bank environment. The funds transfer section of the provider bank processes the transaction as a typical correspondent bank payment across the Nostro account(s) of the client bank environment (e.g., a high value wire transfer) through one of the clearing systems. Incoming funds (i.e., credits) intended for accounts of customers of the client bank follow this flow in reverse. | 01-06-2011 |
20110004545 | System and method for offering risk-based interest rates in a credit instrument - A system and method for communicating an offer to apply for a credit instrument is provided. A processing allows for processing credit history data. A calculating step allows for calculating a first plurality of interest rates based on the credit history data. A determining step allows for determining a second plurality of interest rates based on the first plurality of interest rates, wherein the second plurality of interest rates corresponds to a plurality of credit risk scores. Finally, a communicating step allows for communicating the offer to apply for a credit instrument in an initial communication with an offeree, the offer disclosing the second plurality of interest rates. An apparatus that calculates the interest rates used in the offer is also provided. | 01-06-2011 |
20100332388 | Personalized Bank Teller Machine - A system and method is provided for an ATM having a display, a logic server coupled to the display, and a memory coupled to the logic server. The logic server dynamically controls the functions available to the users including messages and coupons. A host contains a profile of a user. The memory, which is accessible to the logic server, may contain a profile of at least one user. A user card may contain a profile of the user. In operation, the ATM detects the a user's card and requests the profile of the user whose card was detected from a host. The ATM then receives the user's profile and stores the user's profile in the ATM. The system and method also provides a cardless ATM in which a user logs on without a card. Additionally, system and method also provides ATM services via a personal device. | 12-30-2010 |
20100325033 | UPSIDE FORWARD WITH EARLY FUNDING PROVISION - A system for and method of providing a forward contract with an upside return and the possibility of early valuation are presented. The prices of the underlying financial instruments are allowed to float to a limited extent. Moreover, the party taking the short position is allowed to cash out early, without having to unwind the entire contract. The contact may be used, for example, by a corporation that wishes to raise capital using equity instruments. | 12-23-2010 |
20100312699 | Debit purchasing of stored value card for use by and/or delivery to others - A method of issuing a purchase card is provided. The method includes the steps of presenting a purchaser with the opportunity to buy the purchase card, determining whether the purchaser has sufficient funds to pay for the purchase card, creating a purchase card account for a recipient designated by the purchaser, and issuing the purchase card. The purchase card may also be issued in connection with another credit card, for example as a rebate for purchases on the credit card. The purchase card may also be converted to a credit card. | 12-09-2010 |
20100179888 | SYSTEM AND METHOD FOR ESTABLISHING OR MODIFYING AN ACCOUNT WITH USER SELECTABLE TERMS - The present invention relates to methods for allowing an account holder to easily customize the terms of an account such as a loan account, an asset account, a mortgage account, an insurance account, or a brokerage account. Exemplary embodiments of the invention allow the user to specify various preferred terms such as cost (e.g., APR and annual fee), rewards programs, card design, affiliates, credit line, and payment due date, among others. The financial service provider issuing the account, e.g., the issuing bank, may make the various available terms for the account easily accessible to the user, for example through an internet website or an automated phone system, enabling the user to easily specify his or her preferences. The customization methods may be applied to the process of opening a new account or customizing an existing account. The customization methods may dynamically update the available terms as the user begins to select his or her desired terms. | 07-15-2010 |
20100153199 | METHOD AND SYSTEM FOR EMULATING A PRIVATE LABEL OVER AN OPEN NETWORK - According to one embodiment, the present invention relates to a method and a system for emulating a private label network over an open network where settlement occurs at varying discount rates with one or more merchants or providers. A computer implemented method and system for settling a transaction at a discount rate may include receiving an authorization record for the transaction initiated by a customer over an open payment network; identifying payment plan data associated with a transaction; creating a settlement record based at least in part on the authorization record and the payment plan data; determining a discount rate for the settlement record; and settling with a provider for the transaction at the discount rate. | 06-17-2010 |
20100128324 | LOCKBOX IMAGING SYSTEM - A system and method for imaging and capturing information from checks and documents contained in a lockbox remittance. A computer workstation is used to generate and print a header sheet that includes information identifying the check. The header sheet is appended to the front of the documents and the document are imaged using a scanner. Identifying information from each of the documents is used to create a data record for each document. In parallel to the scanning of the documents, the checks are scanned and images are created for each of the checks. Additionally, identifying information from each of the checks (e.g., the check number, the amount, etc.) is manually input into a database, thus creating a data record for each check. Once all of the data entry and scanning has been completed, an automatic association process takes place in which the check data records, the check images, the document data records and the document images are all automatically associated and cross-referenced such that the system recreates an electronic version of the original batch of physical papers. All of the associated data and images are contained in a database, from which all of the information for a lockbox customer can be electronically retrieved over the Internet. | 05-27-2010 |
20100098318 | Method and System for Duplicate Check Detection - A system and method for detecting duplicate checks during processing. The duplicate detection may be performed by a financial institution, such as a bank. The method may be implemented on a computer based system. The duplicate detection method may be automated. The method may be applied to incoming check files prior to processing of the check data to prevent processing of duplicate checks. The system and method may use a function, such as a hash function, to perform the duplicate detection. Other functions, such as a Bloom filter which may use multiple hash functions, may be used to perform the duplicate detection. | 04-22-2010 |
20100063908 | Estate Disposition Modeling - A system and computer-implemented method for modeling estate disposition are disclosed. One embodiment receives balance sheet inputs, estate planning document inputs and timing/event inputs. Conveyance and tax logic are applied to the inputs. Flowcharts illustrating the disposition of the estate based on the inputs are generated. Tax and liquidity analysis based on the inputs are also generated. | 03-11-2010 |
20100030705 | REHYPOTHECATION SYSTEM AND METHOD - Embodiments of the invention are directed to a computer-implemented rehypothecation system and method for facilitating automatic collateral re-use between system participants, wherein the system participants include borrowers, lenders, and lender/borrowers, the system comprising. The system may additionally include an allocation engine for automatically performing allocation runs for redistribution of collateral, the allocation engine comprising collateral distribution components for assigning collateral to lenders and lender/borrowers based on borrower-selected parameters and an eligibility filter for verifying each assignment of collateral in accordance with lender requirements. The system may further include a global synchronization engine for pre-determining timing of allocation runs to enable global collateral re-use across time zones. | 02-04-2010 |
20100017319 | Financing Information Processing System and Method - A method and system which uses a communication network to facilitate financing-related activities is provided. A list of financing functions is provided to a user terminal across the communication network. The list of financing functions corresponds to those functions available to a user of the user terminal. The financing functions include at least one of a status function, a report generation function and a financing program function. A financing function request is received from the user terminal. The financing function request corresponds to a selected one of the financing functions provided to the user terminal. A database is accessed to retrieve data corresponding to the received financing function request. The retrieved data is arranged into a predetermined format and transmitted across the | 01-21-2010 |
20090327155 | Method and System for Evaluating Target Date Funds - The invention generally concerns systems, methods, and apparatus wherein a computer may receive information concerning a group of target date funds from a database. Information about the target date funds may comprise information about the glide path and the target retirement date of that fund. A diversification level of each of the target date funds may be determined from the received information. An equity ratio may also be determined for each of the target date funds using the received information. In some instances, the equity ratio may be based upon the amount of equity projected to be owned by the target date fund upon the target retirement date. After determining an equity ratio and a diversification level, a summary of the group of funds is output for review by a user. The summary may include a summary or graph of the diversification levels and equity ratios of the target date funds. | 12-31-2009 |
20090313106 | System and Method for Granting Promotional Rewards to Both Customers and Non-Customers - Systems and methods of attracting and retaining customers of a Banking institution through an incentive program is disclosed, comprising: operating a promotional program, comprising the dispensing of a indicia redeemable for a prize, and wherein the dispensing of the indicia is accomplished through the use of an automated teller machine (ATM); and operating a rewards program, wherein upon a customer completing a triggering behavior, a specified reward is granted to the customer. Systems and methods of operating a promotional program for customers of a Banking institution is also disclosed, wherein the method comprises dispensing a indicia redeemable for a prize, and wherein the dispensing of the indicia is accomplished through the use of an automated checking machine (ATM). | 12-17-2009 |
20090192906 | System and Method for Transponder-Enabled Account Transactions - A transponder-initiated transaction system is electromagnetically coupled to an account transponder device at the point of sale. The account transponder device may be embedded within a watch, key chain or other personal article for convenience or affinity. The transponder device may communicate account information to an RF-enabled point of sale device, enabling transactions to take place without resort to remote data processing facilities. In other embodiments partial or complete account information may be accessed or stored at co-located or remote sources. New account registrants may access a Web site to enter a transponder ID and activate a new account, which may be a credit account, debit account, cash account, special purpose vending account, or other types of accounts. | 07-30-2009 |
20090150370 | System and Method For Restricted Party Screening and Resolution Services - A system and method for screening data for restricted party screening. The system comprises an input for entering data, a screening system for screening the data against a database comprising restricted entities information, generating a match score based on the screening of the data, providing a data match based on the match score, and outputting the data match, a work queue for reviewing the data match, and a report generated based on the review of the data match. | 06-11-2009 |
20090070247 | SYSTEM AND METHOD FOR DETERMINING ELEGIBILITY AND ENROLLING MEMBERS IN VARIOUS PROGRAMS - A system and method for determining eligibility of persons and enrolling those persons in various programs. For example, one embodiment is particularly suited for enrolling credit card members in payment programs. A program is selected, after which enrollment information is entered. The enrollment information is checked and verified, and the enrollment application is checked for eligibility. The enrollment may be either accepted or declined. The possibility of reiterative enrollment in more than one program is provided. A system is provided for tracking which payment programs are the most enticing for later feedback analysis. | 03-12-2009 |
20090043651 | System and method for funding a collective account by use of an electronic tag - A system and method for funding a collective account via aggregating usage of electronic tags is disclosed. The system and method promotes the use of electronic tags, and the funding of collective accounts that may be associated with charitable or other philanthropic causes. Further benefits may be realized by replenishing the prefunded account that serves as the source of funds for the electronic tag to an affinity account that also benefits the charitable or other philanthropic cause. | 02-12-2009 |
20080288396 | System and Method For Combined Reconciliation Of Co-Branded Card Promotion And Settlement Of Private Label Card Accounts - A system and method for combined reconciliation of co-branded card promotion and settlement of private label card accounts are disclosed. According to one embodiment, the method may include (1) establishing a first relationship with a merchant for promotion of a credit card, the first relationship including at least one merchant compensation term; (2) establishing a second relationship with the merchant for the administration of the merchant's private label credit card transactions, the second relationship including at least one issuer compensation term; (3) receiving a first financial information related to the first relationship; (4) receiving a second financial information related to the second relationship; and (5) determining an account balance for the merchant based on at least one of the first information, the second information, the at least one merchant compensation term, and the at least one issuer compensation term. According to another embodiment, the system may include a server in communication with an issuer, a merchant and a bank card network. The server may receive a first financial information related the merchant's promotion of a credit card and a second financial information related to the merchant's private label credit card transactions. The system may further include a database that stores merchant compensation terms and issuer compensation terms. The system may also include a processor that determines an account balance for the merchant based on the first information, the second information, the at least one merchant compensation term, and/or the at least one issuer compensation term. | 11-20-2008 |
20080277465 | METHOD AND SYSTEM FOR IMPLEMENTING A CARD PRODUCT WITH MULTIPLE CUSTOMIZED RELATIONSHIPS - According to one embodiment, the present invention relates to a method and a system for implementing a card product or access mechanism with multiple relationships with an issuing entity (e.g., bank, etc.) where each relationship may be defined by one or more sets of rules that are customized for a particular customer. A computer implemented method and system for implementing a mechanism with multiple customized relationships may involve identifying one or more customized rules for an access mechanism associated with a customer; establishing a plurality of accounts for the customer wherein the plurality of accounts comprise different accounts with different account characteristics; and invoking one of the plurality of accounts for a transaction through the access mechanism, based at least in part on the one or more customized rules; wherein the plurality of accounts share at least one funding account. | 11-13-2008 |
20080228641 | METHOD AND SYSTEM FOR CREDIT CARD REIMBURSEMENTS FOR HEALTH CARE TRANSACTIONS - According to one embodiment, the present invention relates to a method and a system for reimbursing credit card transactions for health care services and/or products. An exemplary method and system may involve registering a user for reimbursement wherein the user identifies one or more payment mechanisms and one or more reimbursement methods; identifying a user transaction with the one or more payment mechanisms at a merchant wherein the user transaction comprises one or more purchases; receiving merchant data regarding the user transaction; determining reimbursement eligibility of the one or more purchases of the user transaction based at least in part on the merchant data; and reimbursing the user for eligible purchases via the one or more reimbursement methods. | 09-18-2008 |