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Finance (e.g., banking, investment or credit)

Subclass of:

705 - Data processing: financial, business practice, management, or cost/price determination

705001000 - AUTOMATED ELECTRICAL FINANCIAL OR BUSINESS PRACTICE OR MANAGEMENT ARRANGEMENT

Patent class list (only not empty are listed)

Deeper subclasses:

Class / Patent application numberDescriptionNumber of patent applications / Date published
705039000 Including funds transfer or credit transaction 2777
705037000 Trading, matching, or bidding 1628
705036000 Portfolio selection, planning or analysis 1329
705038000 Credit (risk) processing or loan processing (e.g., mortgage) 493
Entries
DocumentTitleDate
20080281744SYSTEM AND METHOD FOR DETERMINING THE LIQUIDITY OF A CREDIT - The present invention relates to a credit index, a system and method for structuring a credit index, a system and method for operating a credit index, and a system and method for determining the liquidity of a credit.11-13-2008
20080281743METHOD AND SYSTEM FOR DETECTING FRAUD IN A CREDIT CARD TRANSACTION OVER THE INTERNET - A method and system for detecting fraud in a credit card transaction between consumer and a merchant over the internet. The method and system comprises obtaining credit card information relating to the transaction from the consumer; and verifying the credit card information based upon a variety of parameters. The variety of parameters are weighted so as to provide a merchant with a quantifiable indication of whether the credit card transaction is fraudulent. In so doing, an integrated verification system is provided which allows a merchant, or the like, to accurately and efficiently determine the validity of a transaction over the internet.11-13-2008
20080281742Pension Fund Systems - A method, for use for example in pension scheme defeasance, comprises providing to an entity a financial instrument which undertakes to pay to the entity, at regular points in time within a specified duration, sums according to a schedule of payment amounts associated with the financial instrument, the scheduled payment amounts being arranged to match with the expected cash flow obligations of a pension scheme to its members. At a re-set point in time the schedule of payment amounts is re-set such that the entity will receive an adjusted payment amount calculated to be the aggregate of nominal cash flows to be paid to the pension scheme members adjusted to take into account the actual cumulative mortality experience of the pension scheme prior to the re-set point in time. Calculations for carrying out the method may be made using a data processing system.11-13-2008
20080281741DATA NETWORK ASSOCIATION FOR FINANCIAL SERVICES - A system is provided for consolidating financial information to allow multiple advisors to advise a customer with respect to financial products and/or services. Account data from a plurality of financial institutions is brought together in a computer implemented front end program having network access to each of the accounts. Each advisor can access this single environment. The customer has control over what type of account data each advisor can view, edit or transact with.11-13-2008
20080281740SECURE CARD WITH STORED BIOMETRIC DATA AND METHOD FOR USING THE SECURE CARD - A secure card comprising biometric data of an individual for identifying or confirming authority of the individual is disclosed. Prior to issuing the secure card a cardholder's biometric data is stored in the secure cards memory. When the secure card is used the cardholder inputs biometric data. This input biometric data is then compared to the biometric data stored in the card. If the input biometric data matches the stored biometric data the identity of the cardholder is confirmed. The secure card also comprises a transparent input area to separate the cardholder from an identity verification machine.11-13-2008
20080281739Automated administration of endowments throughout their life cycle - A method, system and program are disclosed for the automated administration of a plurality of endowments throughout their life cycles, comprised of life cycle phases which include: requisition, qualification, authorization, provision, obligation, termination, and end of life. Endowment objectives, constraints, resources, and results are similarly administered. An on-line request is made for an endowment, which is automatically transitioned from one life cycle phase to another once predetermined criteria have been met. Transition through each of the endowment's life cycle phases is further bounded by predetermined endowment objectives, constraints, resources, and results.11-13-2008
20080281738Automated Compliance Management of Endowments Throughout Their Life Cycle - A method, system and program are disclosed for the automated enforcement of compliance controls for a plurality of endowments throughout their lifecycles, comprised of life cycle phases that include: requisition, qualification, authorization, provision, obligation, termination, and end of life. Compliance controls for endowment objectives, constraints, resources, and results is similarly enforced. An on-line request is made for an endowment, which is automatically transitioned from one life cycle phase to another once predetermined compliance control metrics have been enforced and met. Transition through each of the endowment's life cycle phases is further controlled by the automated enforcement of predetermined compliance control metrics for endowment objectives, constraints, resources, and results.11-13-2008
20080281737System and Method for Authenticating the Identity of a User - A system for authenticating the identity of a user comprising a user and an authenticating party, where the user enters identifying information to a web page associated with the authenticating party along with details of a communication identifier, the authenticating party generates a unique passkey and sends a communications message including the unique passkey to the user by way of the communication identifier, the user then operable to enter a passkey using an appropriate mechanism provided for at the web page and where the authenticating party authenticates the identity of the user in accordance with the result of a comparison between the passkey entered via the web page and the generated unique passkey. The system can also be performed by entering information and receiving information via a second destination address. Further embodiments describe a system for transferring credit of a mobile phone or SIM card to a new mobile phone on authentication of the identity of a user.11-13-2008
20110178910CONDUCTING A FINANCIAL INSTITUTION INTERACTION ACROSS MULTIPLE FINANCIAL INSTITUTION CHANNELS - Systems, methods, and computer program products are provide for initiating a financial institution interaction, such as financial solution recommendation interaction or the like, on a first financial institution channel and subsequently seamlessly completing the interaction on a second financial institution channel. The movement of the interaction from one channel to another allows the customer flexibility in completing the interaction and accommodates the customer's time constraints. The financial institution channels may include a financial institution banking center channel, an online banking channel, an ATM channel, a mobile application channel, a kiosk channel, a call center channel, a point-of-sale channel or the like.07-21-2011
20110178908DYNAMICALLY PROVIDING FINANCIAL SOLUTION RECOMMENDATIONS - Systems, methods, and computer program products are provided for dynamically building financial solution recommendations based on received inputs. These inputs, which may be received from the customer, an associate collaborating with the customer or from a customer database, may include customer behaviors, customer attitudes, customer life events, customer life interests, customer personal/profile data, customer financial data, such as portfolio data and the like. Based on the received inputs, financial solution recommendations are determined and presented to the customer in real time or near time. As such, the customer is able to instantaneously see how each input of recommendation criteria impacts the financial solution recommendations. Further, embodiments of the present invention provide for inputs to the financial solution recommendation tool/module to be received in a non-linear fashion, such that a customer or a collaborating associate may provide inputs at various entry points to accommodate specific financial solution needs of the customer.07-21-2011
20110178905Price indexing - Among other things, transactions involving assets (for example, real estate assets) that share a common characteristic are represented as respective data points associated with values of the assets, the data points including transaction value information. Parameters are determined that fit probability density functions to at least one component of a value spectrum of the data points. The probability density function for at least one of the components comprises a power law. The parameters do not include an offset parameter representing possible shifts in the value spectrum over time. An index is formed of values associated with the assets using at least one of the determined parameters. The parameters may include at least one shape parameter determined by fitting data over multiple days and at least one position parameter determined by fitting data either over a single day or multiple days, the probability density function for at least one of the components comprising a power law. A subindex is formed of values of the assets that are associated with a subset of fewer than all of the data points of the set, the subset being selected to represent a range of one or more of a demographic, geographic, value, or other attribute of the transactions.07-21-2011
20090006230Identity Risk Scoring - An identity risk score may be determined for subscribers of a service to indicate a level of confidence or certainty associated with a subscriber's identity. The identity risk score may be modified upward or downward in order to reflect changing levels of certainty. The changes may be based on transactions performed on behalf of and/or information submitted by the subscriber. Functionality provided to the subscriber may also be dependent upon whether the subscriber's identity risk score meets a threshold. In one or more arrangements, an identity risk score may be determined based on whether information entered by the subscriber can be confirmed and a level of confidence with which the information is confirmed.01-01-2009
20130030972REAL TIME ACCOUNT UPDATE - A method is used in a system that includes a financial service provider coordinating accounts issued by an issuer to cardholders requesting credit from merchants. Each merchant has an acquirer with whom the financial service provider also coordinates the accounts. The method can be performed by a merchant or a financial service provider, the merchant sending a transmission to its acquirer including a request for a transaction against one account to which the merchant receives a denial or prior to receiving such a denial. The merchant then requests information from the financial service provider who responds by sending the requested information, upon which the merchant determines whether to extend the credit.01-31-2013
20090006234CERTIFICATION METHOD FOR ELECTRONIC PAYMENT AND ID AUTHENTICATION TERMINAL AND ATM - A certification method for electronic payment and ID authentication terminal and ATM. When customer would be shopping and pay, the customer sent the electronic-payment certification information to the electronic-payment certificate authority in phone dialing mode, then said authority verifies this information and transmits the certification result to the ID authentication terminal in the merchant-end, the ID authentication terminal will authenticate the ID code supplied by the customer and determine if the payment would be done. ID authentication terminal includes ID code reading module, communication module, indication module and authentication module 01-01-2009
20090177570MONEY SERVICES SYSTEM - A check cashing system is configured to scan in a check to be cashed and scan a customer ID of a customer cashing the check. Information for the customer, including check cashing history, information for the maker of the check and other information is displayed to verify the authenticity of the check. Also, warnings are displayed if the check is considered fraudulent based on whether criteria are met.07-09-2009
20130046668AGGREGATOR-BASED ELECTRIC MICROGRID FOR RESIDENTIAL APPLICATIONS INCORPORATING RENEWABLE ENERGY SOURCES - A residential electric grid (microgrid) is proposed as a distribution arrangement between a utility company and a group of individual residential consumers. The residential consumers are also viewed as “producers” of renewable energy and are defined as “prosumers”. An aggregator is used at the microgrid to negotiate with the utility on behalf of the group of prosumers, commanding a better price for excess electricity sold back to the utility (especially as part of a Demand Response (DR) program). Importantly, the microgrid is constructed to include energy storage capability at the microgrid. Therefore, the arrangement is capable of supplying power to the residential customers in the event of an outage at the macrogrid level, and also selling back the electricity to the utility as part of a DR program.02-21-2013
20100082471Constant leverage synthetic assets - A method of applying a substantially constant leverage to a value of a log-normal distributed asset includes providing an underlying log-normal distributed asset having an original volatility σ and an original yield q. The asset includes an associated value S denominated in a currency having an associated interest rate r. The method and system also include applying a leveraging factor L to produce a modified value, volatility and/or a modified yield.04-01-2010
20120173401SYSTEM AND METHOD FOR LEGAL DOCUMENT AUTHORING AND ELECTRONIC COURT FILING - A system for legal document authoring for a legal action and electronic court filing of such legal documents provides an online network for subscribers. The system provides a direct mechanism (and a web portal mechanism) for submitting a claim file containing party and claim information necessary for automatic legal document generation based on an auto-selected destination court (in some embodiments) and further based on at least certain party and claim information. The automatically-generated legal documents are compliant with the requirements of the destination court, providing end-to-end automation for improved efficiency in judicial debt collection. The system also provides an online network for facilitating communications between subscribers (litigants) and the court systems.07-05-2012
20100023435Balance Shared Payment Card - A payment card having account information associated therewith may include a substrate and a magnetic stripe adhered to a first side of the substrate. The magnetic stripe may be encoded with the account information. The account information may be associated with, for example, a non-profit organization that may be selected to receive a residual account balance of the payment card.01-28-2010
20100017319Financing 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 the01-21-2010
20100161470SYSTEMS AND METHODS FOR AUTHENTICATING AN IDENTITY OF A USER OF A TRANSACTION CARD - An input device associated with a user and an issuer computer system associated with an issuer are coupled to an interchange computer system associated with a network interchange. The interchange computer system is configured to authenticate an identity of a user of a transaction card as a legitimate cardholder. More specifically, the interchange computer system is configured to receive a registration request from the user using the input device wherein the registration request includes an account number or a name associated with the transaction card, generate an authentication message in response to the registration request, transmit the authentication message to an issuer of the transaction card wherein the issuer provides the authentication message to the user, and receive the authentication message from the user entering the authentication message into the input device to authenticate the identity of the user as the legitimate cardholder.06-24-2010
20100161469SYSTEMS AND METHODS FOR CHARGING AN ELECTRIC VEHICLE USING A WIRELESS COMMUNICATION LINK - A method for delivering energy to an electric vehicle includes receiving, via a wireless connection, a unique identifier of the electric vehicle from a tag within the electric vehicle, determining an account associated with the identifier, delivering an amount of energy to the electric vehicle, and determining a transaction amount related to the amount of energy delivered to the electric vehicle at an energy delivery point.06-24-2010
20090055301COMPUTER-BASED FINANCIAL BOND MANAGEMENT SYSTEM - An apparatus comprising a controller arranged to generate options for division of a prize fund, to send the options to a plurality of remote terminals, to receive from the plurality of remote terminals voting signals each corresponding to one of the options and to divide the prize fund into one or more prizes based on the options receiving the most votes, to thereby create a dynamic and flexible financial bond management system.02-26-2009
20110191226INTEGRATED REAL ESTATE MODELING SYSTEM - Embodiments of the invention provide systems, apparatuses, methods, and computer program products configured to estimate the financial costs and savings associated with moving operations and migrating workforce from one site to another. Embodiments of the present invention provide a comprehensive automated financial model of a proposed move of operations by sourcing real estate costs data and labor data pertaining to both the current site and the proposed receiving site from numerous resources and utilizing such data to estimate the costs and savings associated with the move in real time.08-04-2011
20130046670SYSTEM AND METHOD FOR MANAGING ENHANCEMENT FEATURES ASSIGNED TO FINANCIAL PRESENTATION DEVICES - A system for managing enhancement features assigned to financial presentation devices such as credit cards. The system includes an accounts database and a feature management module. The accounts database stores account holder data containing assigned enhancement features for associated credit cards. The feature management module is capable of updating and managing the assigned features of an individual credit card independently of other cards so as to provide enhancement features that can be customized for each individual cardholder.02-21-2013
20090192929Systems and Methods for Distributing Electronic Media - A system and method for the distribution of electronic media content to consumers is disclosed. A portal for the distribution of media content and advertisements to a user's device is provided. Media content and advertisements are displayed on the user's device such that the user views the advertisement while engaging with the media content. An administrative system coordinates the relationships between media content providers, advertisers, and users, and the receipt and provision of content throughout the system. The system and method disclosed provide for a cost-per-time advertising model, wherein the advertiser is charged an advertising fee as a function of the length of time that the advertisement is displayed to the user.07-30-2009
20090192928INTEGRATION OF GIFT CARD SERVICES FOR MOBILE DEVICES AND SOCIAL NETWORKING SERVICES - Methods and apparatus, including computer program products, for social networking services integrated with gift card services. In general, a profile of a member of a social networking service may be presented with one or more merchant credit services for prepaid merchant account credit, data characterizing a request to provide a credit service from the merchant credit services and a mobile phone number associated with an intended recipient of the first credit service may be received, and a message may be caused to be sent to the mobile phone number, where the message characterizes provision of the first credit service to the intended recipient. Interest in the credit service may be tracked and associated with a loyalty indicator associated with the member.07-30-2009
20110196771ENHANCED INVITATION PROCESS FOR ELECTRONIC BILLING AND PAYMENT SYSTEM - Enhanced systems and methods for processing invoices, payments, and money transfers are described. One aspect of the invention is a computer-implemented method (and corresponding system and computer program product) for inviting an entity to open an account at a billing and payment system, the method comprising: receiving from a first entity an instruction to invite a second entity to open an account at the payment system, the first entity having an account with the payment system; receiving from the first entity a security question and an answer to the security question to accompany the invitation; transmitting to the second entity the invitation along with the security question; receiving from the second entity an acceptance of the invitation along with an answer to the security question; verifying the acceptance by comparing the answer received from the second entity to the answer received from the first entity; responsive to the two answers match, determining the acceptance verified and opening an account for the second entity; and creating a link between the accounts of the two entities for the purpose of sharing invoice information, making electronic payments, transmitting remittance information, and maintaining basic information about the invitor and invitee.08-11-2011
20110196770System and Method for Visual and Interactive Determination of Optimal Financing and Refinancing Solutions - The present invention is directed to a system and method for optimizing liability and financial risk positions (e.g., for finance issuers), by determining, in a visual, dynamic, and interactive manner, optimal liability structures and risk exposures for finance issuers (especially in the public sector—e.g., for public finance entities managing capital market risks), given a combination of current market data, market forecasts, and financing constraints. Specifically, the various embodiments of the inventive system and method utilize optimization techniques and methodologies to create financing solutions and, at the same time, enable users to visually and interactively utilize graphical representations of one or more financing solutions, to facilitate a rapid and efficient determination and/or selection of an optimal financing solution. In at least one exemplary embodiment thereof, the inventive system and method may be readily utilized to visually, dynamically, and interactively determine optimal bond sizing, structure and refunding bond selections, for public finance issuers, given a combination of current market data, existing capital structure information, market forecasts, and financing objectives and constraints.08-11-2011
20110196769System and Method for Determining Optimal Financial Risk Positions for Finance Issuers - The system and method of the present invention provide optimization techniques and methodologies for utilization by finance issuers (especially those in the public finance sector), that create liability-based financing solutions within the context of market variables modeled using stochastic methods, or equivalents thereof. Various embodiments of related systems and methods are also provided.08-11-2011
20090024504System and method for forecasting fluctuations in future data and particularly for forecasting security prices by news analysis - A system and method for predicting price fluctuations in financial markets. Our approach utilizes both market history and public news articles, published before the beginning of trading each day, to produce a set of recommended investment actions. We empirically show that these markets are surprisingly predictable, even by purely market-historical techniques. Furthermore, analyzing relevant news articles captures information features independent of the markets history, and combining the two methods significantly improves results. Capturing usable features from news articles requires some linguistic sophistication the standard naïve bag-f-words approach does not yield predictive features. Instead, we use part-of-speech tagging, dependency parsing and semantic role labeling to generate features that improve system accuracy. We evaluate our system on eight political prediction markets from 2004 and show that we can make effective investment decisions based on our systems predictions, whose profits greatly exceed those generated by a baseline system.01-22-2009
20090319414DEBT TRENDING SYSTEMS AND METHODS - A debt trending device accesses credit reports and/or other financial data that is available from one or more financial data sources, for a user and extracts financial account information. The debt trending device may then analyze the account information in order to generate debt trending information that indicates in the form of lists, tables, graphs, charts, etc., information regarding multiple debt accounts associated with the user.12-24-2009
20100049644CONTENT ITEM SLOT SCHEDULING - Content item presentation slots (e.g., advertisement slots) can be grouped into a slot group so that more than one presenter (e.g., advertiser) can share a corresponding number of slots on the publisher's property over a defined time period. The presenters can be scheduled to the slots within the slot group to maximize a performance measurement (e.g., number of clicks) that each presenter realizes according to budget constraints that are defined by the presenters.02-25-2010
20090048958METHOD OF EVALUATING THE PERFORMANCE OF A FAMILY OF TARGET DATE FUNDS - A method of evaluating the performance of a family of target date funds. A model of the family is constructed using realized rates of return (“returns”) for an evaluation period for each of the funds. The returns for each fund are assigned to the periods of the model corresponding to the periods during which the return was realized by the fund. An estimate of the wealth generated by the family may be determined as a function of the returns assigned to the model and a pattern of contributions. A benchmark portfolio may be selected and used to construct a model of the benchmark portfolio having the same number of periods as the model of the family. The model of the benchmark and the pattern of contributions may be used to determine wealth generated by the benchmark portfolio, which may be compared to the estimate of wealth generated by the family.02-19-2009
20110202444Simple Tranche Leverage, See Through Leverage And Enhanced See Through Leverage - STL(0), STL(X) and ESTL(X) are processes for determining unique measures of risk for fixed income derivatives and securities. The processes are based on determining this unique concept of risk for a given outer capital structure layer and then combining that risk measure with the average of a similar risk measure of securities referenced by that capital structure repetitively until a base reference level is reached. In particular, a storage device comprises computer-executable instructions for determining risk of a financial instrument which is affected by or offered as a plurality of tranches. The computer-executable instructions, when executed on a programmable computer: identify a width, W, of a given tranche of the instrument; identify an attachment ratio, A, of the given tranche; and determine a liability ratio of the tranche by subtracting the attachment ratio from unity; and determine a simple tranche leverage value, STL(0), of the tranche by dividing the liability ratio by the width.08-18-2011
20130085919Interactive 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
20130085917EVENT RISK ASSESSMENT - The present subject matter discloses a system and method for assessing overall risk rating of one or more events in transactions relating to financial services. In one implementation, the method includes obtaining at least one parameter indicative of a risk criteria associated with the one or more events. The method further includes assigning values to the at least one parameter and determining a risk rating based on the values assigned for the at least one parameter. A risk index is generated for the one or more events based on the risk rating. Overall risk rating of the one or more events is assessed based at least in part on the risk index and a threshold value for the one or more events.04-04-2013
20130085920System for Reducing Information Required to Open a New Account - An existing customer of a financial institution may open a new account with their financial institution using an optimized online interface. Initially, the interface presents a standard application for a new account in which an extensive number of fields for personal and financial information must be completed. A link is provided on this long application for use by existing account holders only. Upon selection of the link, an existing account holder is instead presented with a short application in which only the account holder's name, a portion of their social security number, their existing account number, and their account confirmation identifier are required to be entered.04-04-2013
20130085918ELECTRONIC WALLET - An electronic wallet for accessing a credit card account information includes a card reader, a processor, a touch screen, a radio frequency (RF) module, and an antenna. The card reader, the touch screen, and the RF module are electrically connected to processor. The card reader is adapted to read card number and correlation information of the credit card. The processor receives the card number and correlation information from the card reader to identify the credit card issuer, and sends a control signal to the touch screen to display a login interface of the identified credit card issuer. The touch screen allows users to input the card number and password on the login interface. The processor encrypts the card number and the password. The RF module converts an encrypted signal received from the processor to RF signals, and sends the RF signals to networks through the antenna.04-04-2013
20130085916DATA MANAGMENT SYSTEMS AND PROCESSING FOR FINANCIAL RISK ANALYSIS - A computer based system and method is directed to the determination of aggregate metrics of select financial indicators utilizing a protocol that preserves the confidentiality of the individual data sets comprising the aggregate metrics. The data processing system provides industry wide transparency of financial risk, concentration and the like based on data associated with individual firms free from risk of subsequent reverse determination of the underlying data.04-04-2013
20100076882RATE EXCEPTION MANAGEMENT TOOL - The innovation relates to a system and/or methodology for the convenient and consistent determination of rate exceptions for banking products. The system provides for a rate exception component that determines one or more proposed exception rates based on a customer's score, and information regarding the competitive banking environment for similar banking products. The customer scores and competitive banking environment data are determined by a data analytics component, which can update the data at regular intervals or when modifications to the data occur.03-25-2010
20100076881Enhanced Valuation System and Method for Real Estate - A system and method for producing a valuation for real property that allows the rating of various metrics that contribute to a determination of value for the subject property, the rating being based on the quality and applicability to the subject property of the data sources from which data is gathered for each metric, such that the final valuation is based on a weighted average of each of the metrics, thereby eliminating the human bias from the actual valuation result, but providing an improved result over a valuation based solely on results from an automated valuation model.03-25-2010
20120246048Cross-Sectional Economic Modeling and Forward Looking Odds - A cross-sectional model is provided that determines the relationship between macroeconomic factors and the odds to score relationship of a scoring model. The cross-sectional model takes economic data from various economic regions, as opposed to time periods, as input, and produces, as output, a prediction of the curve-of-best fit that relates a score to a probability (i.e., the probability of the outcome in question such as paying back a loan or filing an insurance claim, etc.). Related systems, methods and articles are also described.09-27-2012
20120246047No Preset Spending Limit Analysis System and Method - Embodiments of the invention relates to a methodology consisting of using active account management to segment a portfolio with internal behavior score bands and a number of key performance metrics. In one potential embodiment, a server computer receives a set of data for NPSL accounts and identifies a risk for each account in the plurality of accounts. Accounts may then be grouped, and adjustments made in an ongoing basis to groups of accounts within the portfolio based on updated risk and use status.09-27-2012
20120246045SYSTEM AND METHOD FOR USING AN ANALOGY IN THE MANAGEMENT OF PERSONAL FINANCES - A system for presenting a user's financial status captures a user's financial, demographic and goal information and calculates the user's financial status based upon their goals. The system then translates the user's financial status into an analogy that the user is apt to understand better than financial terms. The user is presented with their financial status in terms of the analogy such as a score. One such analogy is a football game, in which the user's financial status is translated and portrayed/displayed in terms of a football game, winning (attaining his or her goals) or losing (not doing well at attaining the goals), etc.09-27-2012
20100114745SYSTEM AND METHOD FOR CALCULATING AND APPLYING MARKET DATA CHANGE RATE SETS - A system and method for simulating development of market data. In an embodiment, a set of market data change rates are calculated from historical market data values. The set of calculated market data change rates is then applied to a market data start value to generate one or more forecast market data values, each forecast market data value associated with a horizon date.05-06-2010
20130080307MULTIFACTORIAL OPTIMIZATION SYSTEM AND METHOD - A method for providing unequal allocation of rights among agents while operating according to fair principles, comprising assigning a hierarchal rank to each agent; providing a synthetic economic value to a first set of agents at the a high level of the hierarchy; allocating portions of the synthetic economic value by the first set of agents to a second set of agents at respectively different hierarchal rank than the first set of agents; and conducting an auction amongst agents using the synthetic economic value as the currency. A method for allocation among agents, comprising assigning a wealth generation function for generating future wealth to each of a plurality of agents, communicating subjective market information between agents, and transferring wealth generated by the secure wealth generation function between agents in consideration of a market transaction. The method may further comprise the step of transferring at least a portion of the wealth generation function between agents.03-28-2013
20130080303Customer assistance system - An apparatus may include a network interface configured to receive data from and communicate data to a remote electronic device and a processor coupled to the network interface. The processor may be configured to display to the user interface an electronic query regarding whether the customer is willing to pay at least a portion of the past-due amount, receive via the user interface and the network interface a response to the query and, in response to a customer indication that the customer is unwilling to pay at least a portion of the past-due amount, and determine, based on known information regarding the customer, whether the customer is eligible for a payment program for an account with a past-due amount.03-28-2013
20130080306Apparatus and Method for Operating a Pool of Single Family Homes as a Master Limited Partnership - A computer includes a processor and a memory. The memory stores capital data characterizing capital raised for the purchase of a pool of single family homes. Operating data characterizes rental fees collected from renting a sub-set of the single family homes and equity gains realized from selling another sub-set of the single family homes. A master limited partnership module with executable instructions executed by the processor designates master limited partnership income based upon the capital data, the operating data and terms of a pool master limited partnership for a pool of single family homes.03-28-2013
20130080305SYSTEM AND METHOD FOR INTERFACING TO MULTIPLE POINT OF SALE SYSTEMS - A system for interfacing a plurality of dealer computer systems located at independent automotive dealerships with a plurality of remotely located independent and financial and product provider computer systems operated by a plurality of independent provider systems. The system may incorporate a dealer system integration (DSI) interface system that interfaces the dealer computer systems to a provider network, where the provider network is in turn in communication with each of the product provider computer systems. The DSI interface may coordinate and assist with one or more of forms preparation, obtaining rates for specific products available from the various provider systems, and electronic booking of contracts, as well as other important operations or transactions between the dealer network and the dealer systems.03-28-2013
20130080304Customer assistance system - In accordance with embodiments of the present disclosure, an apparatus may include a network interface configured receive data from and communicate data to a remote electronic device and a processor coupled to the network interface. The processor may be configured to receive, via a user interface of the remote electronic device and the network interface, credentials for identifying a customer; and determine, based on known information regarding the customer available at the time of receipt of the credentials, whether the customer is eligible to apply for a payment program an account with a past-due amount.03-28-2013
20080208727Endorsement image processing system, method and program product - A processing method, system and program product for processing checks, the system comprising: one or more computers; an electronic portal for receiving electronic data regarding an identity of a depositor for one or more checks; an association-determining electronic device for determining for each of the checks at least one business or one or more accounts associated with the identity of the depositor; wherein the one or more of computers comprise among them if more than one computer, the following components: a component for determining if the business or one or more accounts associated with the identity of the depositor is associated with a request to embed a payee endorsement in a check image file; a component for selecting based on one or more rules one from a plurality of accounts associated with the business or one of the accounts associated with the identity of the depositor if there are more than one account associated with the identity of the depositor; a component for embedding endorsement data into a image file of a face of a check; a component configured for creating a file that includes the image file of the face of the check with the embedded endorsement data therein in a file format for clearing; and a component configured for sending electronically the file to an electronic portal.08-28-2008
20130036038FINANCIAL ACTIVITY MONITORING SYSTEM - The present subject matter discloses a system and a method for monitoring financial activities such as transactions performed by a customer. In one implementation, the method includes retrieving customer attributes pertaining to a customer and retrieving transaction attributes pertaining to at least one transactions performed by the customer. The method further includes monitoring the at least transactions based on at least one transaction monitoring rules retrieved from rules data and generating a normalized risk index, indicative of the risk exposure of a financial institution, for the at least one transaction.02-07-2013
20130036037FRAUD ANALYSIS FOR A LOCATION AWARE TRANSACTION - The disclosed subject matter provides for fraud analysis for a location aware transaction. In an aspect, location information can be associated with historical fraud events. The location of user equipment can be analyzed against historical fraud information to facilitate determination of a fraud factor value. The fraud factor value can reflect a determination related to the likelihood of fraud occurring in the present transaction based on the historic fraud events at the same or similar location as the present location of the user equipment. The determination can be based on fraud rules. Further aspects provide for abstraction of the fraud factor to limit exposure of personal information associated with wireless carrier subscribers in fraud analysis for a location aware transaction.02-07-2013
20130036036MULTIPLE FUNDING ACCOUNT PAYMENT INSTRUMENT ANALYTICS - A system and method for multiple funding account payment instrument analytics is disclosed. A payment instrument profile is generated for a payment instrument that characterizes past activity on the payment instrument and past activity across one or more funding accounts associated with the payment instrument. Current activity on the payment instrument and current activity across one or more funding accounts associated with the payment instrument are monitored to detect an abnormality against the payment instrument profile. A fraud score for the current activity on the payment instrument and current activity across one or more funding accounts associated with the payment instrument is generated. The fraud score is based on a quantified extent of the abnormality.02-07-2013
20090171824MARGIN OFFSETS ACROSS PORTFOLIOS - A method for managing a risk associated with a plurality portfolios wherein each of the plurality of portfolios includes a plurality of positions representative of products traded on an exchange is disclosed. The method includes determining a risk assessment for each of a plurality of portfolios, calculating a margin offset associated with each of the plurality of portfolios, adjusting the risk assessments associated with each of the plurality of portfolios as a function of the margin offset, determining a portfolio risk assessment for the plurality of portfolios, and calculating a margin requirements for the plurality of portfolios, wherein the margin requirement calculated as a function of the portfolio risk assessment.07-02-2009
20130041798Debt Collection Database - A secured server computer hosting a conventional website, displaying a relational database to participating members that contains identification information pertaining to individuals maintaining an outstanding balance of preferably $150.00, or having a history of delinquent payments with one or more member businesses. The present invention functions to alert small businesses to delinquent customers, as well as to facilitate the resolution of debts between crediting businesses and individual debtors. Automated alerts are enacted through direct mediums such as email, telephone, and conventional postal mail, providing the debtor a chance to dispute accusations, or resolve listed debts prior to being marked as delinquent by the present invention.02-14-2013
20100114743Computer system and method for networked interchange of data and information for members of the real estate financial and related transactional services industry - An Interchange Party Computer System (“IPCS”) comprising: a plurality of units of allocated resources, configured for a lender party, broker party, transaction party and/or investor party, each unit of allocated resources including one or more administrator user interfaces that allow a participating party to manage its allocated resources and define which of its users and which other participating parties may access its allocated resources and use elements thereof, wherein at least one of the allocated resources include database allocated resources that are managed by the participating party assigned the resources, the allocated resources for the database being accessible and usable by a participating party on terms defined by the participating party responsible for managing the database allocated resources wherein at least one of the allocated resources include at one or more modules selected from the group of: a Rate and Loan Program Module that includes means to define loan programs or search defined loan programs in a database, an Automated Underwriting Module, a Mortgage Pools Module; a File Status and Transaction Party Module, which includes means to do two or more of: assign tasks, present task status, control viewing of task status, assign viewing privileges, monitor satisfaction of lender conditions, and upload loan documentation that are managed by the participating party assigned the resources; the allocated resources for the selected modules being accessible and usable by a participating party on terms defined by the participating party responsible for managing the selected modules allocated resources. 05-06-2010
20100042526Credit-debit-chargecard and identity theft fraud prevention method - A new method of fraud prevention for lost, stolen, cloned or on-file creditcards, debitcards and chargecards. This same method will prevent fraudulent transfer of funds from on-line or off-line bank accounts and will prevent the establishment of creditlines or loans in the name of an unwitting consumer. Furthermore, this method can prevent unauthorized accessing of secured computer sites. The method comprises a pre-determined dedicated telephone terminal data-base which is interfaced and/or in communication with: normally closed credit-debit-charge card funding approvalsa; normally blocked banking transactions; normally unauthorized creditline or loan approval; normally inaccessable secured computer sites whereby a consumer-cardholder-subscriber can call the said dedicated telephone terminal database and together with a pre-determined authentication means can open, authorize, approve or access the normally closed/denied operations outlined above for a pre-determined number of transactions and/or time limit just before using them. After transaction(s) and/or time limit expires the open-approval condition will default to the closed-denial mode where it will continue until consumer-cardholder-subscriber wants to re-open the above operations temporarily for his/her own use. It should be obvious that fraud perpetrators will never know when these operations will be activated for brief periods of time and therefore will not be able to perpetrate the fraud. The additional authentication required for the consumer-cardholder-subscriber can be a personal identification number (PIN) and/or password and/or telephone number identification means and/or biometric means especially voice recognition identification on the telephone.02-18-2010
20100042525IMS DEVICE OPERABLE FOR FINANCIAL TRANSACTION AUTHORIZATION AND ID CARDS DISPLAY - IMS networks and methods are disclosed for authorizing financial transactions. Credit card information, debit card information, and other purchasing data may be consolidated into an IMS device for conducting financial transactions, such as the purchasing of items from a merchant. Before a financial transaction can be completed, an IMS device transmits transaction data for the financial transaction to the IMS network. The IMS network then processes predefined purchasing rules to determine whether or not the financial transaction is authorized. If the financial transaction is authorized, then the IMS network transmits a confirmation message to the IMS device indicating that the financial transaction is authorized. If the financial transaction is not authorized, then the IMS network transmits a cancel message to the IMS device indicating that the financial transaction is not authorized.02-18-2010
20100042528Method and system for financing and reimbursement of infrastructure and improvements to real property. - A computer implemented method and system for financing and reimbursement of infrastructure and improvements to real property. The method results in the reimbursement of certain costs of infrastructure and improvements made to the land. These improvements could include utilities, streets and drainage among others. Data received via a wide area network from a client and multiple databases is processed, automatically generating and delivering via e-mail protocol or website access, proposals and financial projections unique to that client. The data is further processed generating a covenant or similar instrument recorded in the real property records. The instrument creates a lien running with the land obligating future owners to pay assessments for set period of time and or total dollar amount. Certain data bases are periodically accessed determining property ownership and values with the resultant information processed and calculated automatically, creating invoices for delivery via e-mail protocol and postal service.02-18-2010
20100042527Storm Commodity Forecast System and Method - A method, system, and software package configured to receive, process, compile, and transmit commodity trading information to selected users is provided. The weather information and commodity production information are generally received from remote databases, processed by an internal forecast data server in light to determine the potential short-term or long-term effects on commodities that a forecasted storm will have. The data may then be transmitted to users via a web-based application or in accordance with predetermined parameters that may be set by the users themselves.02-18-2010
20100042524TECHNIQUES FOR RECONCILING BILLED EXPENSES WITH PROVISIONS OF A LEASE AGREEMENT - Techniques for facilitating more efficient and accurate reconciliation processing are provided. Embodiments of the present invention provide techniques for determining a tenant's expected share of operating expenses for a leased property, and for performing a reconciliation to identify discrepancies between the tenant's expected share of the operating expenses and actual amounts of expenses billed to the client by the landlord are provided. The tenant's expected share of the operating expenses is determined based upon operating expense-related information extracted from the lease agreement.02-18-2010
20090157538SYSTEM AND METHODS FOR ELECTRONIC SIGNATURE CAPTURE IN E-CONTRACTING TRANSACTIONS - A system and method for generating, executing and maintaining electronic contracts in connection with indirect financing transactions involving an acquisition by a customer of an asset offered by a vendor with financing provided by an independent finance source. In one example embodiment, the system includes en e-contracting component configured to generate an electronic contract having one or more signature fields. The contract further includes a contract identifier and one or more signature identifiers embedded therein. The e-contracting component provides the generated electronic contract to one more contracting parties, including the customer, the vendor and the finance sources. The system further includes a holographic signature capture device configured to capture one or more holographic signatures indicating execution of the contract by the contracting parties. The capture device if further configured to transmit the captured signature information to the e-contracting component.06-18-2009
20100106635CLIENT RELATIONSHIP PROFILE - Embodiments of the present invention are directed to methods, systems and computer program products for developing a client relationship program. The method for developing a client relationship program includes determining information desired to be included in a client relationship profile, inputting client identification information into an interface and querying a plurality of operation's areas systems with the client identification information.04-29-2010
20100106633VALUATION OF DERIVATIVE PRODUCTS - Disclosed are a method, apparatus, and computer-readable medium for determining the value of a derivative product over nonconsecutive periods. The derivative product may be an interest rate swap product, which, when exchanged traded, normally is valued on a mark-to-market basis over consecutive periods. The product may be valued using swap value factors and settlement values according to the methodology disclosed herein.04-29-2010
20100106634SYSTEM TO ENABLE COLLABORATIVE INVESTMENT - A system adapted to enable plural forms of investment of resources by investors in a project preferably for a primary beneficiary, comprising a processor adapted to enable input by a primary user of one or more elements of the project, each element having specified properties and resource requirements, display to a plurality of investors of details of the project and the resource requirements of each of the elements of the project, and input by an investor of details of the availability of one or more of the resource requirements, the processor being adapted to determine allocation of each elements of the project to one or more investors.04-29-2010
20130041797BANKING LOCATION UTILIZING SECURE TRANSACTION STATION AND METHOD OF PROCESSING CONSUMER BANKING TRANSACTIONS - A banking location having one or more transaction stations each with a secure automated cash recycler for receiving and dispensing money for customer deposits and withdrawals. The banking location may further include a remote assistance station for connecting a customer with a complicated transaction with a banking associate from a remote location who may complete the customer transaction without disrupting the customer transaction flow of the banking branch.02-14-2013
20130041796APPLICATION GOVERNANCE PROCESS AND TOOL - Managing application governance data may include receiving application governance data from multiple data servers, storing the received application governance data, and consolidating the received application governance data into a common format by executing a predefined rule set. Governance data may include one or more risk assessments for various applications within an enterprise and each of the risk assessments may be organized in one or more native formats. Managing application governance data may also include receiving a request for the consolidated application governance data from a user, filtering the consolidated application governance data according to the user's role, comparing the filtered application governance data against a configurable metric, and transmitting the filtered application governance data and the comparison to the user.02-14-2013
20090037309Systems and Methods to Convert a Real Time Communication Connection - Methods and apparatuses to convert a free connection for real time communications between people into a dynamically priced communication session to facilitate the delivery of services over the established connection. One embodiment includes: establishing a connection for real time communications between a first user and a second user; after the connection is established for a period of time, receiving a selection of a price from a plurality of predetermined prices for a service to be provided by the second user over the established connection, where the prices are specified prior to the connection; and charging the first user on behalf of the second user according to the price selected from the list for the service provided by the second user over the established connection.02-05-2009
20090125429Mobile electronic commerce system - The objective of the present invention is to provide a mobile electronic commerce system that is superior in safety and usability. The mobile electronic commerce system comprises an electronic wallet 05-14-2009
20100094739SYSTEM AND METHOD FOR PROVIDING TRANSACTION-BASED PROFIT SOLUTIONS - A method and system for generating profit having a partner transaction module configured to charge a partner transaction fee for a transaction performed by a partner, and receive, from a partner, payment for the partner transaction fee when the partner performs a transaction, a base transaction module configured to pay, in the event the partner performs a transaction through a third party, a base transaction fee to the third party, wherein the base transaction fee is equal to or lesser than the partner transaction fee, and a profit module configured to receive a profit on the transaction, wherein the profit is the difference between the partner transaction fee and the base transaction fee.04-15-2010
20120166325ENHANCED SYSTEM AND METHOD FOR MANAGING FINANCIAL MARKET INFORMATION - A system and method are provided for managing financial market information. According to certain embodiments, the system includes a computer having a memory, processor, and display. The processor is capable of generating a graphical depiction of the financial market information on the display. The graphical depiction includes a multidimensional representation of a broad range of market information for at least two financial instruments. The graphical depiction resides in a single window on the display. The financial instruments may include multiple different classes of financial instruments, such as treasuries and futures. Different instruments may be selected and information, including basis information, relevant to the selected instruments may be displayed in a second window.06-28-2012
20130046666RELATIONSHIP-BASED PRICING - Customers may utilize different services or products of a provider. The different services or products utilized by a customer may create different relationships between the provider and the customer. Systems and methods are provided for coordinating the different relationships to provide relationship-based pricing. Relationship-based pricing may increase customer satisfaction with services or products offered by the provider. Systems and methods may adjust fees associated with services or products of the provider by coordinating the different relationships. The fees may be decreased or waived to increase customer satisfaction.02-21-2013
20130046669Gas cost calculator - A gas cost calculator comprising a display screen, a keypad, a central programming unit, and cable capable of receiving digital input from the gas gauge of a vehicle, said central programming unit programmed with algorithms used to calculate cost needed to fill a gas tank of the vehicle with gas based on a price input into the keypad by the user. This gas cost calculator is an automotive accessory intended to aid motorist in determining cost to fill the vehicle's gas tank.02-21-2013
20130046667METHODS AND SYSTEMS FOR MODELING DEPOSITS' DATA - Systems and methods according to the invention preferably determine errors in a financial institutions implementation of production changes, production modifications and/or a new production release by comparing critical interface data from a production cycle to critical interface data from a test environment cycle.02-21-2013
20130030973FUND TRANSFER INFORMATION PRESENTATION SYSTEM - A fund transfer information presentation system and method capable of suitably tracking deposit asset trends for a client in order to maintain and strengthen reliable and efficient financing capability which is the source of maximum profit for a bank required for securing management gains for not only the conventional asset-side but also for the liability-side. Transaction histories within a period specified by parameters are subject to name identification by client and chronologically ordered. Thereafter, they are separated into deposits and withdrawals, wherein the deposit and withdrawal transactions are split into ranges wherein individual transaction amounts match and matching transactions are associated one-to-one, and the one-to-one correspondences of the deposit and withdrawal transactions are arranged in order of time of occurrence to generate Fund transfer details between products by client.01-31-2013
20130030971SYSTEMS AND METHODS FOR ALLOCATING FUNDS BETWEEN MULTIPLE BANKING PRODUCTS - An allocation of funds to multiple accounts is determined. Information about financial transactions is received from multiple sources, and the information is aggregated to determine a total amount of allocatable funds. The allocatable funds include posted interest either before or after a term deposit payment date. Respective deposit rules are determined for each of the multiple accounts. The multiple accounts include sub-accounts at the same bank, and the deposit rules include a limit based on FDIC insurance. The allocation of the allocatable funds to the multiple accounts is determined based on a priority hierarchy set to the multiple accounts. Funds are allocated such that each account or sub-account in the priority hierarchy is filled to its respective limit according to the respective deposit rules until the total amount of allocatable funds is allocated.01-31-2013
20130030970Method and System for STP Linking the Variances in Corporation Action Events Received from Multiple Agents - A method and system for automatic linking of variances captured from plurality of agents or counterparties related to a composite market event from a capital market is disclosed. The method of the present invention enables a creation of golden copy for each of the corporate action event. Based on the matching criteria for each of the corporate action event with the multiple variable data received from the agent/counterparties, the agent variable data is attached to the golden copy created for each event using straight-through processing (STP). As a result of the STP linkage of agent variable events with the golden copy of the event, the agent/counterparty variable information and market composite information for the event is displayed on the single screen to the user.01-31-2013
20130030969Method and System for Integrating Event Processes in Investment Banking and Custody Lines of Business - A method and system for integration of corporate action event processing by multiple LOBs in a capital market is disclosed. The method of the present invention enables identification of common and distinct functionalities/behaviors of each of the IB and custodian LOBs dealing with the processing of the corporate action events. Based on the nature of the received event, the analysis is done to determine whether the received event is meant for Investment Bank (IB) LOB or Custodian LOB. As a result of the determination, the details related to the said event processed by either IB LOB or custodian LOB is displayed to the user on a single user interface module configured to display the details of the corporation events handled by both of the LOBs, i.e. IB LOB and Custodian LOB.01-31-2013
20090043680SYSTEM AND METHOD FOR COORDINATING STUDENT LOANS - A system and method that allows coordination of loans by providing a website where borrowers may enter information about themselves and receive a listing of multiple lending institutions interested in entering into loan agreements with those borrowers. Other applications of the system and method include, but are not limited to, tracking referrals of borrowers to lending institutions made based on selection criteria submitted by the lending institutions and personal information submitted by the borrower for purposes of collecting a referral fee from the lending institution paid to referring agents.02-12-2009
20080319888Allocation of residual value risk - Residual value risk may be allocated for a leased vehicle between a dealer organization and a manufacturer group, where the manufacturing group may include both a financing institution and a sales organization. In one embodiment, residual value risk may be allocated by first calculating a difference between a residual value for the leased vehicle and the vehicle's actual value. This difference may then be allocated between the manufacturer group and the dealer organization according to some predetermined ratio which represents a corresponding financial obligation or benefit, depending on if the difference is positive or negative.12-25-2008
20090307120METHOD OF CONSTRUCTING A STOCK INDEX - Computer-implemented methods of creating and maintaining stock indexes are provided. For a stock index of a particular size, a band is defined around the upper and/or lower limits of the stock index. To be added to, or dropped from, a particular stock index, the stocks must fall outside of the bands for that particular stock index size. Stock migration is controlled using a systematic stock migration process so that stocks are gradually added and deleted from an index. Stock investment style is determined in a multi-dimensional process, instead of a linear process. Furthermore, the number of stocks in the stock index need not be a fixed value, but may depend upon how many stocks meet predefined criteria at any given point in time.12-10-2009
20120191586SYSTEM ARCHITECTURE AND METHODS FOR COMPOSING AND DIRECTING PARTICIPANT EXPERIENCES - The present invention contemplates a variety of improved methods and systems for providing an experience platform, as well as sentio or experience codecs, and experience agents for supporting the experience platform. The experience platform may be provided by a service provider to enable an experience provider to compose and direct a participant experience. The service provider monetizes the experience by charging the experience provider and/or the participants for services. The participant experience can involve one or more experience participants. The experience provider can create an experience with a variety of dimensions and features. As will be appreciated, the following description provides one paradigm for understanding the multi-dimensional experience available to the participants. There are many suitable ways of describing, characterizing and implementing the experience platform contemplated herein.07-26-2012
20120191585Method and Apparatus for Inbound Message Management - A computer-implemented method for identifying accounts with which an individual does business. The computer receives an access credential for at least one message source and analyzes a plurality of messages in the message source. From the analysis, a plurality of institutions are identified and a system account is created on the computer that is preloaded with the institutions.07-26-2012
20120191584System And Method For Lender Directed Voting - Systems and methods for assigning a company's proxies associated with a company's shares from a financial intermediary to a lender are disclosed. In accordance with an aspect of the invention a system includes a memory and a processor. The memory stores a number of the company's shares for which the financial intermediary has not received proxy voting instructions and, for a plurality of lenders, the number of the company's shares loaned by the lender. The processor has access to the memory and determines a number of the company's proxies for which the financial intermediary has not received proxy voting instructions to assign to at least some of the plurality of lenders based on the number of company's shares for which the financial intermediary has not received voting instructions and based on the number of shares loaned by the lender.07-26-2012
20120191583VIRTUAL TRANSACTION CUTOFF - A method is provided that includes: (a) receiving transaction information associated with a transaction; (b) determining, based at least partially on the transaction information, that the transaction involves an account, occurred after a daily cutoff time on a first day, has a predetermined transaction type, and includes a transaction amount; and (c) designating, using a processor and based at least partially on the determining that the transaction occurred after the daily cutoff time and has the predetermined transaction type, the transaction amount for inclusion in the daily ending balance for the account for the first day. The method may further include designating, based at least partially on the determining that the transaction occurred after the daily cutoff time, the transaction for posting to the account on a second day. The method may further include determining the daily ending balance based at least partially on the transaction amount.07-26-2012
20090094150Method and client system for implementing online secure payment - The invention discloses a method for implementing an online secure payment, which comprises steps of: transmitting to a dedicated operating system a secure payment request page for goods which is generated in a general operating system; and completing a payment operation in the secure payment request page of the dedicated operating system, after switching from the general operating system to the dedicated operating system. The invention further comprises a client system for implementing an online secure payment. In the invention, the general operating system for general operations is distinguished from the dedicated operating system for secure payment operations, and the security for the network payment is further enhanced by configuring the firewall and monitoring processes in the dedicated operating system. Furthermore, it is not necessary to make any modification on the existed network transaction system when the technical solution of the present invention is applied, the cost may be reduced and the technical solution of the present invention is facilitated to be deployed and spread.04-09-2009
20090094146Methods, Systems, and Computer-Readable Media for Predicting an Effectiveness of a Cost Saving Opportunity - Methods, systems, and computer-readable media provide for predicting an effectiveness of a cost saving opportunity. According to embodiments of the method, a feasibility score, a financial impact score, and a risk score are determined. An effectiveness score is determined based on the feasibility score, the financial impact score, and the risk score. The feasibility score may indicate an anticipated ease with which to implement each cost saving opportunity. The financial impact score may indicate an anticipated cost savings resulting from implementing each cost saving opportunity. The risk score may indicate an anticipated level of business risk incurred by implementing each of the plurality of cost saving opportunities. The effectiveness score, which may be represented in one or two dimensions, indicates the anticipated effectiveness of each cost saving opportunity based on the feasibility score, the financial impact score, and the risk score.04-09-2009
20130060670ALERT BASED PERSONAL FINANCE MANAGEMENT SYSTEM - Techniques for credential free, alert based personal finance management are disclosed herein. An embodiment of a credential free, alert based method comprises receiving from a financial institution a transaction message indicating a transaction that occurs a short time period ago; recognizing the transaction message and translating the transaction message into an alert in a predetermined uniform format; transmitting the alert to a user's device and prompting a user to tag the transaction with at least one category; and receiving from the user's device a response indicating the category that the user tagged.03-07-2013
20130060669SYSTEMS AND METHODS FOR OPTIMIZATIONS INVOLVING INSUFFICIENT FUNDS (NSF) CONDITIONS - Systems and methods for optimizations involving insufficient funds conditions are provided. An identification of a first account of a customer of a financial institution may be received by a financial system comprising one or more computers. The first account may be a deposit account at the financial institution. Interest income and non-interest income attributable to one or more of a plurality of accounts, including the first account, that the customer has with the financial institution may be analyzed by the financial system. Based at least in part on the analyzed interest income and non-interest income, a recommended next action associated with the first account may be determined by the financial system. The recommended next action may be associated with an actual or potential insufficient funds (NSF) condition associated with the first account.03-07-2013
20130060668Processor-Based Systems and Computer-Implemented Methods for Identification, Sourcing, and Acquisition of Distressed Debt - Disclosed herein are processor-based systems and computer-implemented methods for identification, sourcing, and acquisition of distressed debt. At least one embodiment provides amalgamated debt information associated with an indebted entity, which may owe debt to multiple disparate lending entities. Often, debt information involving these lending entities is maintained in a number of unassociated and disparate data sources, to which access may be restricted on a subscriber basis. To provide amalgamated debt information associated with the indebted entity, a computer platform is programmed to carry out at least one of searching and receiving debt information that is associated with the indebted entity and that identifies some or all of the multiple disparate lending entities. The platform is programmed to amalgamate and organize the debt information, and to present the amalgamated-and-organized debt information via a user interface, providing consolidated access to the unassociated and disparate data sources.03-07-2013
20090299888Testing a quality of a report - There is provided a method that includes receiving a request to provide a report; determining whether content of the report meets a threshold level of quality; and issuing a warning if the content does not meet the threshold level of quality.12-03-2009
20090271307METHOD AND SYSTEM FOR PROVIDING REAL ESTATE INFORMATION - An interactive, computer-implemented system for providing a comparison of at least two real estate properties is provided. The system includes a database that stores a plurality of data relating to real estate properties. The data includes at least one of address data, ownership data, size data, geographic location data and monetary value data. An interface system enables a system user to input a request for a comparison of at least a portion of the data for at least two of the real estate properties. The request includes information sufficient to identify the real estate properties to be compared. A processor uses the information to obtain a comparison of the data relating to the real estate properties. A delivery system provides to the system user a comparison of the data relating to the real estate properties.10-29-2009
20090271306System and Method to Facilitate Secure Payment of Digital Transactions - System and method for facilitating verification that an authorized user of an account initiated use of the account in a digital transaction online are described herein. A preferred embodiment employs an application supplied by a third party to associate the account with a client device that is, in turn, associated with the authorized user.10-29-2009
20090271305PAYMENT PORTFOLIO OPTIMIZATION - A method and system of payment portfolio optimization that retrieves information associated with a plurality of consumers in a consumer portfolio, separates by a diagnostics module on a computer the plurality of consumers into consumer segments based on segment definitions, analyzes by a diagnostics module on the computer the consumer segments using the retrieved information based on a plurality of performance metrics, and identifies revenue opportunities associated with the plurality of consumer segments based on the results from the analysis.10-29-2009
20100082468FUNDING ON-LINE ACCOUNTS - A system generates an identifier when a consumer deposits cash, where a new unique identifier is generated with each transaction. The consumer receives the identifier and the identifier (along with the amount of cash deposit) is communicated to a payment provider for storage. The consumer may then access and fund an on-line account with the financial services provider by first accessing the account and entering the unique character identifier, which the system processes. If the identifier is valid, e.g., an actual stored identifier within the system associated with a cash amount, then the system transfers that amount to the consumer's account. At this point, the consumer may use the account to make an on-line transaction or purchase with the newly funded amount.04-01-2010
20120226593Method and System for Exchange Traded Funds Request Management - A server includes a memory that stores a plurality of Exchange Traded Fund (ETF) request forms, and a processor communicatively coupled to the memory. The processor is operable to provide a graphical user interface (GUI) to a user in which to create an ETF request, receive the ETF request created using the GUI, determine, based on a ticker symbol of the ETF request, an ETF request form to use to process the ETF request, and populate the determined ETF request form using parameters of the ETF request. The processor is further operable to transmit the populated ETF request form to a placement agent associated with the populated ETF request form and indicate, using the GUI, that the ETF request has been processed after the ETF request form has been transmitted to the placement agent.09-06-2012
20090319411PERSONAL FINANCE INTEGRATION SYSTEM AND METHOD - An integration device retrieves credit reports, and/or other financial data that is available from one or more credit sources, for consumers and extracts financial account information from the credit reports. The integration device may then format and/or translates the account information into a format that is usable by a particular consumer's personal finance software and communicates the account information to the personal finance software. Accordingly, the personal finance software is provided with information regarding each of a plurality of financial accounts that are associated with the consumer so that the account information may be populated in the personal finance software with minimal effort by the consumer.12-24-2009
20090030825SYSTEM AND METHOD FOR ASCERTAINING THE LEGAL DISTRIBUTION OF INTESTATE PROPERTY - This invention generally relates to a system and method for ascertaining the legal distribution of an individual's intestate property through the use of variables created to define single points of data which are described by the appropriate body of laws as being necessary to the determination of the said legal distribution. This invention solicits and collects a minimum quantity of said data through the use of a hierarchical arrangement of the created variables, which hierarchical arrangement is ordered upon the basis of priority each variable has in relation to all remaining variables which are required by the appropriate body of laws. A report is creating and delivered to a user which details the legal distribution of the subject intestate property represented as the dollar value associated with each respective legal recipient.01-29-2009
20090030824Method and system for a deferred variable annuity with lifetime benefit payments as a function of a predetermined time-based withdrawal percent table - A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a step-up provision. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision.01-29-2009
20130066757SYSTEM AND METHOD FOR IDENTIFYING, LOCATING AND RECOVERING COLLATERALIZED ASSETS - A system and method for identifying, locating and recovering collateralized assets are provided.03-14-2013
20110022507MORTGAGE LOAN HAVING EXERCISABLE OPTION - Embodiments of the present invention relate to methods and apparatuses for providing, processing, and/or servicing a mortgage loan having one or more exercisable options. For example, in some embodiments, a method is provided that includes storing, in a non-transitory computer-readable medium, one or more terms of an exercisable option, where the option is incorporated into a mortgage loan, where the mortgage loan includes a fixed interest rate, and where the option includes an interest rate modification feature, such that exercising the option results in the value of the fixed interest rate being modified from a first value to a second value.01-27-2011
20120116940PROCESSING LOAN TRANSACTIONS - In an exemplary embodiment, a method includes receiving first financial information associated with a first loan system, wherein the first financial information is in a first format associated with the first loan system and converting, by a processor, the first financial information to a common format. The method also includes receiving second financial information associated with a second loan system, wherein the second financial information is in a second format associated with the first loan system; converting, by a processor, the second financial information to the common format; and communicating the first financial information and the second financial information to a user.05-10-2012
20090254466SMART SECURE STORAGE - A healthcare smart card management system stores a large amount of healthcare information to overcome shortcomings of separate and largely paper medical and insurance files. Embedded security technology supports partial or separated identity proofing as well as hardware time limited storage. Dynamic contextual privacy consent enhances user, healthcare provider, and insurer privacy and proprietary information to encourage and enable universal adoption. Data is structured in self-executing (“print to device”) for legacy systems as well as in rolled-access format and archival format to balance usage and data integrity purposes. A plurality of network interfaces are incorporated as well as financial transaction codes. Card integrity is enhanced by remote usage oversight, self-destruct monitoring (e.g., time, location, hacking, malfunction, etc.), and integral write-only audit logs. Levering excess storage capacity, a user can store related healthcare information such as exercise regimen, diet journal, emergency contact information, urgent medical conditions for first providers, etc.10-08-2009
20090234766Administration of Financial Accounts - A credit facility for controlling financial transactions is arranged with the ability of users to establish self-imposed limits on a category by category basis. The processing system provides messages and other information to the user, both on-demand and at the point of sale, based upon the category of the transaction and the limit set for that category. In one embodiment, both the user and, if desired, third parties, can obtain or be notified, of account balances on a category by category basis. Also, the main user can assign category limits, or prohibitions, on sub-users of the same account. In one embodiment, information pertaining to a specific transaction is communicated to a third party.09-17-2009
20090234765Method and System for a Contract Option - This invention provides a novel method and system for instantiating a data structure comprising a contract option including a disjunctive capability, of especial utility in enabling a new way of selling commodities or services. Rather than being a right to buy a unit of a type of item at a specified price, as is known to the prior art, the present invention enables one to secure a right to buy at least one unit of one of n-types of items at a predetermined legal consideration.09-17-2009
20090234764SYSTEMS AND METHODS FOR BIOMETRIC AUTHENTICATION OF MONETARY FUND TRANSFER - An embodiment relates generally to a method of authenticating a monetary fund transfer. The method includes receiving a monetary fund transfer request that includes a declared identity of a sender and an identity of a recipient, retrieving biometric data from the sender, and determining whether or not a biometric template associated with the declared identity is available. The method also includes verifying the declared identity by comparing the retrieved biometric data with the biometric template, if the biometric template is available. The method further includes determining a compliance status of the transfer request in a governing jurisdiction of the sender based on the retrieved biometric data and/or the verified identity of the sender.09-17-2009
20090234763HOME OPTION CONTRACT BUSINESS PROCESS - A method of protecting individual homeowners against a decline in the market value of their specific home during a term which has the steps of defining a strike price, defining a term, designating a surety to purchase the home and providing the homeowner with a unilateral right to sell the real property to the surety at the strike price during the term. The option may include a provision that the home will be purchased within a predetermined amount of time after receiving the notice of exercise of the option from the homeowner. The term may be for any period of time on which the parties agree, although the basic term shall be for as long as the homeowner owns the home. The option may be renewable if for less than as long as the homeowner owns the home. In most but not all cases, the strike price shall be the price at which the home would appraise at the time the option commences. The option shall also include a lock-out period at the beginning of the term during which the homeowner may not exercise the option. In conjunction with the option of homeowner to sell their real property to a surety, additional protection from foreclosure may be offered to the lender in the form of providing the lender with a unilateral right to sell the loan secured by the real property to the surety in the event that the lender records a Notice of Default the real property covered by the option.09-17-2009
20090048957Method and system for financial counseling - Financial institutions providing counseling to costumers have to spend a significant amount of time gathering data from their clients and analyzing that data before offering appropriate financial advice to their customers. Some Debt Management Programs allow costumers to enroll using online systems without appropriate education or counseling. The present invention allows a costumer to obtain financial counseling automatically. A Credit Report Data Integration system, furthermore, streamlines the process by allowing the system to obtain data, with consent of the customer, from the credit bureaus to determine the financial needs of the client. The system allows the counselor to concentrate on counseling the client, instead of dealing with data entry and analysis. Furthermore, the client has the opportunity, if desired, to receive counseling from the system without having to actually meet a counselor.02-19-2009
20120271744INDUSTRY SIZE OF WALLET - Consumer spend by industry is modeled based on the industry sizes of wallet of consumers having a high share of wallet with a financial institution. A size of wallet is calculated for each consumer in a plurality of consumers. A share of wallet for each consumer is also calculated. A subset of the plurality of consumers whose share of wallet is above a given percentage of their size of wallet is then determined. For each consumer in the subset, an industry size of wallet is determined. A correlation between the industry size of wallet of a given consumer and one or more characteristics of the given consumer is then derived using the industry size of wallet for the consumers in the subset.10-25-2012
20090198603Flexible time-based disablement of equipment - Disclosed is a system and method for assuring the payment according to a repayment schedule of an obligation for using equipment by a device on the equipment. A subset of a plurality reference codes is selected. The current time and date and time are maintained. Reference codes in the subset are assigned to a specific time interval, wherein the specific time interval is a portion of a time period corresponding to repayment schedule of the obligation for using the equipment. The subset of the plurality of codes, the specific individual time interval to which each code is assigned, and the time period is stored. A user code is received via an interface. The received user code is compared to the subset of reference codes, the current time, current date, and time period corresponding to repayment schedule of the obligation. Based on the results of the comparison the equipment is disabled.08-06-2009
20130166425NETWORK OUTAGE REDUNDANCY MODULE - A network outage and redundancy module which provides improved security, platform independence and continuity in information between financial hardware and enterprise applications.06-27-2013
20080288381STUDENT HOUSING INVESTMENT PROCESS - A method of investing in a multi-unit residential property used for housing students registered with and attending a academic or quasi-academic institution. The residential property is configured to include common areas and one or more apartments, wherein each apartment further includes common areas and one or more bedroom spaces. Ownership interest in the property is transferred from a first entity to a second entity, and fractional ownership interests in the property are transferred from the second entity to one or more third entities. Factional ownership interest in the property includes occupancy rights to a specific bedroom space. The exclusive ownership interest in the specific bedroom space extends further to include non-exclusive ownership interest with accessibility and usage rights to the common areas associated with the apartment having the specific bedroom space and with the property. Criteria for acquiring, occupying, and/or retaining the fractional ownership interest in the property are established by the second entity.11-20-2008
20080319885Deposit instruments - Among other things, funds are received at an institution the deposits of which are insured by a third party against loss. In a computer, the received funds are attributed to principal of a single deposit instrument maintained by the institution for the benefit of a depositor. The deposit instrument has a defined maturity time as of which all of the principal will have been returned to the depositor. A computer is used to manage a pattern of principal repayment occasions for the deposit instrument, the occasions occurring prior to the maturity time, so that, at each of the occasions, a specified portion of the principal will be, and an additional non-principal amount may be, paid to the depositor. The pattern of principal repayment occasions is predefined to achieve a generic personal financial objective of a set of depositors that includes the depositor.12-25-2008
20120239542SYSTEMS AND METHODS FOR CAPTURING PAYMENT INFORMATION USING MOBILE DEVICES - Purchase card data used in a financial transaction is captured during the transaction by obtaining an image of a purchase card associated with an individual via an image acquisition component of a mobile device. The purchase card is identified and a second image is created comprising substantially only a visual representation of the purchase card. Account information is identified that is associated with the purchase card in the second image and an application form on the mobile device is automatically populated with the identified account information thus facilitating the entry of additional account information into the application form. The information is stored on the mobile device for use in subsequent purchases.09-20-2012
20080294541DATABASE FOR CHECK RISK DECISIONS POPULATED WITH CHECK ACTIVITY DATA FROM BANKS OF FIRST DEPOSIT - A plurality of banks of first deposit provide checking account activity data for both transit items (checks received for deposit that need to be cleared) and incoming returns (bounced checks) to a statistical model which determines from the data the likelihood that a check from a specific checking account will be returned. This data is used to populate a database of checking accounts to be used for making check risk decisions, such as check hold policy decisions, check acceptance decisions, and open to buy decisions.11-27-2008
20080294540SYSTEM AND METHOD FOR AUTOMATED DETECTION OF NEVER-PAY DATA SETS - Data filters, models, and/or profiles for identifying and/or predicting the never-pay population (for example, those customers that make a request for credit and obtain the credit instrument but over the life of the account, never make a payment) can be useful to various commercial entities, such as those issuing mortgages, home equity lines of credit, consumer or business lines of credit, automobile loans, credit card accounts, or those entities providing services, such as utility services, phone services, and the like.11-27-2008
20080294539PROGRAMMED SYSTEM AND METHOD FOR CONSTRUCTING AN INDEX - Construction of an index of assets comprises a computer having program code executing within a memory of the computer so as to define a universe of eligible companies using one or more filter criteria provided by a user. The companies in the eligible universe are ranked with regard to one or more parameters, each of which represents objective accounting-based data of the respective company. Respective rankings of each company are transformed into respective composite scores. A relative ranking among an index-component subset of the companies in the eligible universe is defined using the each index component's composite score in relation to the composite score of the other index components. In this way, a relative composite score results, which is used to weight the index components. The weighting results are output to the user. A method for such index construction is also disclosed.11-27-2008
20110153480Authenticating Financial Information of A Commercial Enterprise - Techniques are described for generating an assessment of capital state of the commercial enterprise, which may be referred to as a capital health check. Financial key performance indicators for a commercial enterprise are adjusted. The adjusted financial key performance indicators represent lower credit risk than credit risk reflected by the unadjusted financial key performance indicators. A qualitative scoring model is applied to the adjusted financial key performance indicators to generate an assessment of capital state of the commercial enterprise. Authentication of the assessment of the capital state of the commercial enterprise by a third-party financial representative is enabled.06-23-2011
20120150709CONTROL DEVICE, CHARGE STORAGE SYSTEM, CONTROL METHOD, AND COMPUTER PROGRAM - In an electric power storage system connected to a commercial power system, a controller (06-14-2012
20120005054FEES AND FOREIGN CURRENCY EXCHANGE CALCULATION - Various methods, apparatus, and systems are disclosed for calculating a fee linked to an online financial transaction. In one embodiment, a method includes receiving a fee calculation request linked to an online financial transaction associated with a fee type, a country code, and a client identifier; and then selecting, using a microprocessor, an initial base fee from either a default base fee determined by the fee type and the country code or from an overriding base fee associated with the financial transaction, wherein the initial base fee includes a transaction percentage and a fixed amount. The method further includes applying, using the microprocessor, at least one adjustment to the initial base fee to calculate a final fee, the at least one adjustment being applied when an associated condition set is determined to be true.01-05-2012
20120290458SYSTEM AND METHOD FOR PROCESSING RETRIEVAL REQUESTS - A system for processing transaction data is provided. The system includes a substitute draft system that receives a retrieval request and generates a substitute draft in response to the retrieval request. The system also includes a merchant interface that is connected to the retrieval system. The merchant interface generates a merchant request in response to the retrieval request. The system thus allows a substitute draft to be generated in response to the retrieval request that may eliminate the need for a merchant response with a sales draft to the request. The system provides for higher and more efficient completion of retrieval requests by ensuring that such retrieval requests receive at least a substitute draft response. By providing at least a substitute draft response to the card user, a chargeback for no response is avoided.11-15-2012
20120101930Software and Methods for Risk and Fraud Mitigation - Systems and methods for risk and fraud mitigation are presented. According to one or more aspects of the disclosure, a plurality of transactions may be processed without applying one or more active fraud rules. A hit rate for at least one fraud rule of the one or more active fraud rules then may be determined. Thereafter, a positive hit rate for the at least one fraud rule may be determined based on fraud event data corresponding to the plurality of transactions. In some arrangements, each transaction of the plurality of transactions may be randomly selected, from a larger plurality of received transactions, for inclusion in the plurality of transactions to be processed without application of the one or more active fraud rules. Additionally or alternatively, in certain arrangements, one or more fraud rules may be activated or deactivated based on their corresponding hit rates and positive hit rates.04-26-2012
20130024342Activity relating to ongoing financial events - A computer implemented method and system for automatically setting prices of financial activities which culminate after a period of progressive development. The financial activities have a plurality of possible outcomes and include weather-related or other naturally occurring events as well as sporting events and sporting competitions. The method includes receiving a first request from a participant terminal to purchase a financial product for one of the possible outcomes, i; and electronically computing a price for the requested financial product, in response to the first request, based at least in part on a first formula. In one example, the financial products include contracts in a one-sided market of buyer participants where the outcomes are mutually exclusive and collectively exhaustive.01-24-2013
20090024502Application Method of Online Charging System in Arrears Risk Control System - An application method of On-line Charging System in Arrears Risk Control System: 1) The subsystem of OCS, Mediation, communicates with CC Client, receives a credit control request raised by the CC Client and processes with a fault-tolerant management. 2) The Credit Control analyses call request, identifies a type of service and request, selects necessary service transaction logic, and judges an authorized quota of the service, after receiving the quota, the Credit Control requests for real time forward modeling from the Rating. 3) After receiving a price of the service, the Credit Control requests real time inversion from the Rating and meanwhile transfers the price to the Rating. 4) The Rating requests account comparison from the Account after receiving the price. 5) The Account compares the price with a customer's account information to make decision of subsistence lock, if there is enough balance in the account, then the fee of the price will be deducted from the balance and then locked. 6) The Account returns the account information of the compared result. 7) The Rating inverses the authorization amount according to the compared result returned by the Account, and send back to the Credit Control. 8) The Credit Control constructs a service relevant responding package according to the authorization amount, and sends the responding package to the Mediation to complete the OCS processing flow.01-22-2009
20090063318Reconciling Asset Attributes Values Before Saving to Asset Database - Discrepancies between two sets of asset information for an organization are identified and reconciled before saving to a database. One set of asset information may be compiled using automatic physical discovery software while the other set is from a financial system of the organization. After discrepancies are identified, the user may review the differences and make changes before saving. The process may be performed in real time or in batch.03-05-2009
20110282772SYSTEM FOR REDUCING INFORMATION REQUIRED TO OPEN A NEW ACCOUNT - An existing customer of a financial institution may open a new account with their financial institution using an optimized online interface. Initially, the interface presents a standard application for a new account in which an extensive number of fields for personal and financial information must be completed. A link is provided on this long application for use by existing account holders only. Upon selection of the link, an existing account holder is instead presented with a short application in which only the account holder's name, a portion of their social security number, their existing account number, and their account confirmation identifier are required to be entered.11-17-2011
20110282771METHOD AND SYSTEM FOR AUTOMATED TRANSACTION COMPLIANCE PROCESSING - A system for automated transaction compliance processing comprises a list server providing access to one or more lists of securities with trading restrictions and a rules engine which processes compliance requests to determine if, based upon the relationship between the requesting party and the company on behalf the compliance is being performed, the transaction is permissible. Compliance determinations are made using a set of predefined compliance rules. When a request is evaluated, a compliance rule set indicating which rules are to be evaluated at that time is generated in accordance with a party profile indicating the relationship between the party and the company. A message indicating whether or not the transaction complies with trading restrictions is then returned. The system can be stand-alone or integrated with an electronic trading system. The compliance processor can also be used to analyze reports to ensure that the report contents comply with confidentiality requirements prior to public release of the report.11-17-2011
20080235123MICRO PAYMENTS - In one example embodiment, a system and method is shown that includes receiving financial data generated by a widget residing on a web page, the financial data including at least one of donation, or purchase data. The system and method may further include transmitting a display update to update the widget, the updating based upon the financial data. Some example embodiments may include, selecting a widget using an input device to generate data including at least one of donation or purchase data. Moreover, the system and method may include transmitting the at least one of donation or purchase data. Further, the system and method may include storing the at least one of donation or purchase data to a cookie.09-25-2008
20130091042METHOD FOR PROVIDING GEOGRAPHICAL LOCATION-BASED SECURITY, RESTRICT, PERMIT ACCESS OF VARYING LEVEL TO INDIVIDUAL'S ANY KIND OF DATA, INFORMATION, CREDIT, FINANCES, SERVICES OBTAINED(ONLINE AND OR OFFLINE) - Proposed method and security system provide geographical location-based security with varying levels of access, allows users to select entities to protect, configure geographical locations, geographical boundaries as well as permissions, access level for given geographical locations, geographical boundaries and configure security alerts. It takes decision to grant, deny permission or provide coven access level based on user's current geographical location and user's own configuration for that geographical location or boundary and sends out security alerts.04-11-2013
20100125517CREDIT-DEFAULT SWAP TRUSTEE AND COLLATERAL MANAGER - Systems and methods are provided for a CDS trustee and collateral manager. In some embodiments, the systems and methods of the invention may provide a holistic approach to CDS transactions which facilitates such transactions, enables the management of such transactions, streamlines the resolution of these transactions, improves market information relating to these transactions, and provides other advantages. In some embodiments, a CDS trustee is provided that manages CDS documentation throughout the CDS transaction market and therefore can determine the positions and exposure of all market players. In some embodiments, the CDS trustee may also monitor for and process credit events of a reference entity to a CDS transaction. Furthermore the CDS trustee may facilitate payments to and from counterparties to CDS transactions, facilitate unwinding of CDS transactions, facilitate settlement of CDS transaction in the event of a credit default, and/or provide other features and functions. In some embodiments, a collateral manager is provided to enable the use of securities as collateral and other collateral management for CDS transactions.05-20-2010
20090048954Sub-accounting for an omnibus account - Methods and apparatus, including computer program products, for sub-accounting for an omnibus account. A method includes, in a server, tracking summary balances of transactions for individual sub-accounts contained in an omnibus account according to transition type and transaction status.02-19-2009
20130024338CLAIMS DATA ANALYSIS - Embodiments of the invention provide for claims data analysis. The methods, apparatus and computer program products provide for receiving claims data pertaining to an abnormal event related to at least one customer account held at an entity and determining which individuals associated with the entity interacted with the customer accounts in the claims data. In addition, several embodiments described herein contemplate analysis of additional information associated with each claim to detect relationships amongst and between claims, customer accounts, and individuals who interacted with customer accounts that are the subject of claims. In such embodiments, investigation of claims may be targeted and allow for a more efficient identification of potentially culpable individuals and rapid exoneration of innocent individuals.01-24-2013
20130024339MULTI-STAGE FILTERING FOR FRAUD DETECTION WITH CUSTOMER HISTORY FILTERS - A multi-stage filtering process and system for fraud detection is disclosed. The process includes one or more preliminary filtration stages followed by one or more additional filtration stages that may include customer history filters that provide for enhanced screening for fraudulent activity. Over a plurality of transactions, a portion of the transactions are cleared for processing (e.g., deemed not likely fraudulent or of too low value to continue processing) after each filtration stage. As such, acceptable transactions are not unnecessarily scrutinized.01-24-2013
20110166978Method, apparatus and system for financial planning incorporating calculated health costs and health-based longevity - A financial management tool includes calculated health care costs and health-based longevity to provide information to retirees to be able to calculate the amount of money that needs to be saved to cover retirement expenditures.07-07-2011
20110288977OPTION PRICING MODEL FOR EVENT DRIVEN INSTRUMENTS - Systems and methods are provided for valuing event driven option contracts. A jump diffusion based model, such as a Merton jump diffusion based model, is modified to assume arithmetic movement of an underlying price and a single jump. The arithmetic movement of the underlying price may be modeled with a Bachelier based arithmetic model. Calculated values may be used to determine margin account requirements.11-24-2011
20110288978INTEGRATION OF GIFT CARD SERVICES FOR MOBILE DEVICES AND SOCIAL NETWORKING SERVICES - Methods and apparatus, including computer program products, for social networking services integrated with gift card services. In general, a profile of a member of a social networking service may be presented with one or more merchant credit services for prepaid merchant account credit, data characterizing a request to provide a credit service from the merchant credit services and a mobile phone number associated with an intended recipient of the first credit service may be received, and a message may be caused to be sent to the mobile phone number, where the message characterizes provision of the first credit service to the intended recipient. Interest in the credit service may be tracked and associated with a loyalty indicator associated with the member.11-24-2011
20110288976Total computer security - A security system for data entry using an input apparatus having a screen such as a cellular telephone or a computer. The input apparatus communicates with a remote computer and establishes a link therebetween. The remote computer determines positions of “keys” to be presented on the screen of the input apparatus for the user of the input apparatus. The positions are ideally determined anew each time the input apparatus and the remote computer interface with each other. These positions are communicated to the input apparatus. As the operator of the input apparatus choses a “key”, the coordinates (not the value of the “key”) of the selection are communicated to the remote computer which maps the coordinates to number values or characters for use in transacting a financial transaction.11-24-2011
20090006231Methods and Systems for Estimating Trade Cost - In one aspect, the invention comprises: (a) calculating an average bid-ask spread of securities; (b) calculating values associated with one or more markets; (c) receiving and storing data regarding an order size for the securities; (d) receiving and storing data regarding an average daily volume of the securities traded on a specified market; (d) calculating data regarding expected historical volatility over a trading interval of the securities; (e) calculating data regarding an average rate of trading over the trading interval of the securities; and (f) calculating an estimated cost of trading the securities using data comprising a formula based on the average bid-ask spread, the values associated with one or more markets, the data regarding order size, the data regarding average daily volume, the data regarding expected historical volatility, and the data regarding an average rate of trading over the trading interval.01-01-2009
20120089497Method and Apparatus for High-Speed Processing of Financial Market Depth Data - A variety of embodiments for hardware-accelerating the processing of financial market depth data are disclosed. A coprocessor, which may be resident in a ticker plant, can be configured to update order books based on financial market depth data at extremely low latency. Such a coprocessor can also be configured to generate a quote event in response to a limit order event being determined to modify the top of an order book.04-12-2012
20120089496Method and Apparatus for High-Speed Processing of Financial Market Depth Data - A variety of embodiments for hardware-accelerating the processing of financial market depth data are disclosed. A coprocessor, which may be resident in a ticker plant, can be configured to update order books based on financial market depth data at extremely low latency. Such a coprocessor can also be configured to enrich a stream of limit order events pertaining to financial instruments with data from a plurality of updated order books.04-12-2012
20090089195System And Method For Evaluating Regulatory Compliance For A Company - A system and method for tracking compliance of a company against a regulatory requirement. The system includes a database, an administrative module, a user entry module, a database access module, a question module, an evaluation module and a report module. The database contains records relating to the company, question information relating to the requirement, answer information and user information. The administrative module provides the company's administrative data to the database. The user entry module provides the user data to the database. The database access module determines relevant questions for the user after accessing the database. The question module provides questions to the user, accepts answers to the questions and stores the answers in the database. The evaluation module evaluates compliance by the company to the requirement after it evaluates records in the database. The report module generates a report of regulatory compliance of the company.04-02-2009
20110295733METHOD AND APPARATUS FOR DEVELOPMENT AND USE OF A CREDIT SCORE BASED ON SPEND CAPACITY - Share of Wallet (“SOW”) is a modeling approach that utilizes various data sources to provide outputs that describe a consumers spending capability, tradeline history including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. A SOW score focusing on a consumer's spending capability can be used in the same manner as a credit bureau score.12-01-2011
20110295732System and method of ascertaining market value of an asset, liability, or other article, through a competitive valuation process - System and method are provided for analyzing the value of an asset, liability, or other article. Generally, this is done by the relationship between two processes. The first process is of gathering and averaging valuation estimates from multiple independent sources. The second process is that of compensating the providers of those estimates according to the proximity of their valuation to the median or average of those estimates. The compensation motivates the providers of valuations, known here as Evaluators, to compete in giving valuations which will be closer to the average or median than other valuations, and they will find that this is accomplished by competing to be more accurate than their competitors. These systems, when working together, find synergy in creating an altogether more accurate system of valuing assets, liabilities, or other articles that may need to be valued, than that of tradition, computerized, or prior art methods.12-01-2011
20110295731FINANCIAL CUSTOMER ACCOUNT ACTIVITY MONITORING AND PREDICTIVE ACCOUNT MANAGEMENT SYSTEM - Embodiments of the invention relate to systems, methods, and computer program products for providing financial institution customers real-time financial account management. Present embodiments leverage the financial institution's ability to monitor a customer's financial accounts and, specifically, financial account activity trends to determine, or otherwise predict, future financial transactions, such as financial obligations or the like. Based on these determined future financial transactions/obligations, the financial institution can provide real-time financial advice, such as financial advice alerts or the like, to a customer who is contemplating, or otherwise in the vicinity of conducting, a purchase transaction. For example, the financial advice alert may remind the customer of an imminent recurring financial obligation, such as an upcoming mortgage/rent, automobile payment or the like.12-01-2011
20080319886Winans Trend Indicator - Two moving averages are plotted against a market index price to signal long term market trends. To avoid whipsaws, when applied to the S&P 500, the 40 week moving average is given a negative 3.6% filter and the 25 week moving average is given a positive 2% filter. Crossings of the moving averages are ignored. An index price dipping below the negative 3.6% filter of the 40 week moving average will generate a sell signal and an index price rising above the 2% filter over the 25 week moving average will generate a buy signal. A related moving average fund buys and sells financial instruments based upon the methods of disclosed system, know as Winans Trend Indicator.12-25-2008
20080270281METHOD, SYSTEM, AND APPARATUS FOR DYNAMICALLY CREATING ELECTRONIC CONTRACTS - A method of dynamically negotiating a transaction can include determining a potential transaction between participants according to transaction parameters stored within a transaction parameter data store. The transaction parameters can be associated with each of the participants and can specify acceptable transaction terms. The potential transactions can be evaluated according to a mutual benefit conferred on the participants by the potential transactions according to the transaction parameters. The potential transactions can be ordered according to decreasing mutual benefit; and, the potential transaction having the greatest mutual benefit can be presented to the participants.10-30-2008
20100088209OPTION PRICING MODEL FOR EVENT DRIVEN INSTRUMENTS - Systems and methods are provided for valuing event driven option contracts. A jump diffusion based model, such as a Merton jump diffusion based model, is modified to assume arithmetic movement of an underlying price and a single jump. The arithmetic movement of the underlying price may be modeled with a Bachelier based arithmetic model. Calculated values may be used to determine margin account requirements.04-08-2010
20100030676Auto Increment In Financial Calculation - A system comprises a processor, a keyboard and display. The keyboard is coupled to the processor and comprises a financial calculation key and a selection key. The display also is coupled to the processor. When the financial calculation key is pressed, the processor performs a financial calculation. The financial calculation computes financial data over multiple time periods. Further, the processor sequences through and displays the computed financial data and automatically increments from a current time period to a subsequent time period upon a user repeatedly pressing the selection key.02-04-2010
20110082780SYSTEM AND METHOD FOR ISSUING AND MONITORING BONDS AND OTHER CONTROLLED DOCUMENTS - A system and method for issuing and monitoring controlled forms, and in particular, insurance policies and bonds. The system generally comprises a server computer and a client computer coupled by a communication link, such as the Internet. A controlled form may be created by a user stationed at the client computer, and subsequently reported to a controlled form issuer at the server computer. The method begins with a user selecting a controlled form issuer and a form. The user enters information into fields of one or more data entry screens corresponding to the selected form, and then transmits the entered information to the server computer. Subsequently, the agent receives a completed controlled form from the server computer corresponding to the selected form that may be printed at the client computer and provided to a form applicant. The information entered by the user may also be used to develop a risk score for the form applicant, and the price of the controlled form may be adjusted based upon the risk score. The system may also include separate modules for viewing and editing information associated with agents who use the system, viewing and editing forms stored on the system, and communicating underwriting requests and decisions.04-07-2011
20090204527Currency Code for Soft Earning Unit - Hard Currency is used as common denominator to value product and services. In the complete digital world, this common denominator can be dealt only in computing devices and we don't need hard currencies. Henceforth it is further referred as Soft Earning Unit(s) (SEU). The invention is intended for extending Currency Code Table and multiplier for SEU's of different geographic region(s) used in various application(s) for SEU. The invention includes the changes for Credit and Debit Card for SEU environment. The invention also includes change in the computing infrastructure for SEU and mix of SEU and Hard Currency environment.08-13-2009
20090204524SECURITY SYSTEM - A credit card scanning protection system configured to send an electronic message to the cardholder's mobile phone (or other electronic device) when the cardholder's card is used in a transaction. In the event the cardholder receives notice of an unauthorized transaction, the cardholder can immediately call the issuing authority and query the transaction or have the card suspended. The system provides the card issuing authority with the ability to select and set rules relating to electronic message alerts. Examples include alerts for all cash withdrawals, transactions over a specified amount and transactions with a new merchant or in a new geographic area. The system also allows for customer interactivity whereby the cardholder can specify events which would govern the transmission of an electronic alert.08-13-2009
20090182656System and Method for the Automated Brokerage of Financial Instruments - Disclosed herein in a preferred embodiment is an automated financial instrument brokerage system wherein a front end layer interacts with customers to generate activity requests for an intermediate layer. The intermediate layer preferably processes the activity requests and places financial instrument orders on a financial market if appropriate. A backend layer preferably provides data to the intermediate layer for processing activity requests. Multiple heterogeneous front end customer applications may be supported by the same intermediate layer. Further, multiple backend layer applications may interact with the intermediate layer in a manner transparent to the front end layer. Further, scalability can be achieved be partitioning various tasks of the intermediate layer onto separate servers, and more preferably on separate redundant servers. Load balancers may then be used in the intermediate layer to provide distributed access to these servers. Also disclosed herein is a caching technique whereby turnaround time for processing activity requests can be reduced by reducing the number of times that the intermediate layer needs to interact with the backend layer.07-16-2009
20090319412OPTIMIZED RESERVATION FOR MULTI-SESSION AND/OR MULTI-UNIT TYPES - To provide optimised real-time charging for simultaneous services there is provided a method and apparatus for executing a real-time charging session in a charging system being interfaced to at least one communication network. At start of a charging session or during re-authorisation of reserved funds there is executed an optimised fund reservation for multi-service and/or multi-unit type services such that it is possible to optimise the fund resources considering various services and related service types in parallel. Fund reservation is executed for multi-service and/or multi-unit type services such that deviations between time of predicted fund depletion for the at least two services and/or for the at least two service types are minimized. Therefore, the signalling traffic to and from the charging system is reduced significantly.12-24-2009
20100114749Financial Inclusion Card, System, and Method for Implementing - Embodiments of the invention are directed to a computer-implemented financial inclusion account system and method provided by a financial institution for facilitating payments between system participants, the system participants including account holder service recipients and eligible necessities service providers. The system includes at least one financial inclusion account maintaining funds for an account holder service recipient. The financial inclusion account includes a main account having a main account balance and at least one sub-account having a sub-account balance, the at least one sub-account storing funds for payment to at least one eligible necessities service provider. The system additionally includes withdrawal rules stored in a memory, the withdrawal rules including identification of approved debit requesters for withdrawing funds from the sub-account balance, the withdrawal rules requiring approved debit requesters to be debit requestors designated by the financial institution as eligible necessities service providers. The system additionally includes a withdrawal engine for accessing the stored withdrawal rules upon receiving a debit request, the withdrawal engine causing the sub-account balance to be debited if the debit requester is an approved debit requestor according to the stored withdrawal rules.05-06-2010
20100114750COMMUNICATION DEVICE AND METHOD FOR SECURING AN INTERNET BANK ACCOUNT - A communication device and method for securing an Internet bank account include setting an alarm password and an access password corresponding to the Internet bank account, accessing the website of the Internet bank, and generate an activation command and the access password if the alarm password is input. The communication device and method further include executing the activation command to activate a global position system to acquire location information, sending an alarm message to a receiving device of the one or more emergency dispatchers, and sending the access password to the website of the Internet bank so as to log into the Internet bank account.05-06-2010
20110166976Identifying Potential Customers using Payment Information - Aspects of this disclosure relate to a potential-customer identifying computer which may include a processor and memory storing computer executable instructions that, when executed, cause the computer to perform a method for identifying potential customers for a first organization, by identifying financial accounts of the first organization wherein a customer associated with one of the respective financial accounts has made a payment on their respective financial account using a deposit account that the customer holds with a second organization. Further, the potential customer identifying computer may electronically retrieve, from a customer profile database, customer profile information for each of the financial accounts of the first organization and determine whether the customer profile information includes a bank routing number associated with the second organization. Further, the potential customer identifying computer may electronically retrieve, from the customer profile database, a customer name and customer contact information for each identified financial account and compile a list of the customers and their respective contact information based on each identified financial account.07-07-2011
20100268630CENTRALIZED RECEIPT DATABASE - The present system provides a method to automatically collect and consolidate transaction information into a single database that can be accessed by a user. The system provides a unique identifier or authorization from a user and whenever that user executes a transaction of any type, whether on-line, in person, with a credit or debit card, or via cash, the particulars of the transaction are recorded and provided to a central database associated with the user so that an automatic history of that user's transactions is recorded.10-21-2010
20100268629CONCRETE BUDGETING - Apparatus and methods for supporting a budgeting process are provided. A method according to the invention may include operating an electronic information processing platform to receive an electronic confirmation of one of a purchase, a savings transaction, and an investment transaction. The method may further include performing a reevaluation of a future savings goal in response to the confirmation. The method may also include performing one of the following in response to the reevaluation: 1) presenting an alternative to the future savings goal and 2) auto-executing a process. The auto-executing may be based on pre-determined rules.10-21-2010
20090106137Power Transmitting Device, Power Receiving Device, Authentication/Billing Proxy Device, Electrical Charging System, Power Transmitting Method, Power Receiving Method and Electrical Charging Method - To realize charging while in non-contact processing operation for the purpose other than charging. An approach of a portable electronic device 04-23-2009
20090150276Profile-Based Arrangements and Methods for Disparate Network Systems - Electronic transaction data sets are processed for a multitude of disparate transactions using a plurality of autonomous payment networks. A software-programmed computer circuit receives and processes electronic transaction data to identify and use electronic ID data to retrieve stored profile data. The computer circuit then uses the retrieved profile data to select one of a plurality of payment networks available to each of a buyer and seller involved in the transaction. Electronic payment is carried out using the selected payment networks.06-11-2009
20090150272Graphical Representation of Financial Transactions - A statement generator allows financial institutions to present transaction information as a graphical representation to an account holder in, for example, a statement of purchases. The statement generator obtains transaction information associated with an account holder and maps the transaction information to correlate the transaction information with at least one parameter. The transaction information can include at least one of a purchase amount, a purchase location, a purchase time, or a purchase category. The at least one parameter includes at least one of a purchase location, a purchase time, a purchase amount, or a purchase category. The statement generator depicts the mapping to the account holder to identify a correlation between transactions. The depiction can be a print out of the mapping or the mapping can be rendered on a display.06-11-2009
20090063316SYSTEM AND METHOD FOR EXCHANGING FOREIGN COINS AND CURRENCY - A system and method are disclosed for converting leftover foreign currency into the native funds of a foreign traveler. The system is preferably embodied similar to haw an ATM and Vending machines mechanically operate and is preferably located at a final destination for a foreign traveler such as an airport. The machine can preferably accept both coins and paper currency. Rather than converting the foreign money into the native currency, the traveler can insert a financial card and the converted currency is credited to the account associated with the card. Alternatively, a gift card can be credited and issued to the traveler for the amount of the converted currency. The system can be designed to receive accurate exchange rates once the traveler's desired country is selected. The system can also deduct a transaction fee before crediting the converted amount to the traveler.03-05-2009
20110264575FARMLAND INDEX SYSTEM - A system for developing farmland indexes. The system is a computerized system that includes software code for receiving information on farmland properties from deeds, receiving capability class ratings and farmland classifications for the properties, discarding ineligible properties from analysis, and assigning a price on farmland properties.10-27-2011
20110016033METHOD AND SYSTEM FOR COLLECTION AND ANALYSIS OF SHAREHOLDER INFORMATION - A system and method is provided for the gathering of and manipulation of shareholder data, including information on individual shareholders and related custodians of shares, and comparing the shareholder/custodian data to a set of rules and/or a set of marketing analysis data to identify securities compliance issues and/or evaluate a securities marketing plan.01-20-2011
20080243664SUBSIDIZER FOR NETWORKED LOAN MARKET AND LENDING MANAGEMENT SYSTEM - Systems, methods, and apparatus for receiving a plurality of borrowing orders from a plurality of borrowers; receiving a plurality of lending orders from a plurality of lenders; receiving at least one subsidizer order from a loan subsidizer that includes one or more loan subsidizing terms; and executing a matching algorithm to match at least some of the borrowing orders with at least some of the lending orders, wherein the result of the executed match is affected by the existence of the at least one subsidizer order.10-02-2008
20080243665SYSTEM AND METHOD FOR INCORPORATING MORTALITY RISK IN AN INVESTMENT PLANNING MODEL - A retirement planning method for computing possible future values of a portfolio of an investor. In one embodiment, the method includes the steps of (a) receiving a plurality of user inputs comprising an initial value of the portfolio and a current age of the investor; (b) providing data indicating one of cumulative probabilities of living to an age of death and cumulative probabilities dying at an age of death for persons of a given age group; (c) randomly drawing a number between 0 to 1 for the investor; (d) defining the randomly drawn number as one of said one of cumulative probabilities of living to an age of death and cumulative probabilities of dying at an age of death; (e) determining an age of death of the investor in accordance with said data based on the current age of the investor and the randomly drawn number; (f) computing a future value of the portfolio using the age of death of the investor determined in step (e), a predetermined rate of return, and the initial value of the portfolio; and (g) outputting the computed future value of the portfolio.10-02-2008
20090083172SYSTEM AND METHOD FOR CONDUCTING REPO AND REVERSE-REPO SECURITIES TRANSACTIONS AT MARKET AVERAGE RATE - A system and method for conducting repo market transactions, wherein the repo market transactions are made at a broker average market (“BAM”) rate based on an average transaction rate. The BAM rate can be based on a broker, or multiple brokers' average rate, either overnight or averaged over a term, and can be flat or at a plus or minus spread to the broker average.03-26-2009
20120109807Gaming Industry Risk Management Clearinghouse - Systems, methods, apparatus, computer program code and means for gathering, organizing and presenting on a real time basis information pertinent to Risks associated with subjects related to the Gaming Industry. Risks associated with the Gaming Industry can be managed by gathering data relevant to the Gaming Industry from multiple sources and aggregating the gathered data according to one or more risk variables. An inquiry relating to a risk subject can be received and portions of the aggregated data can be associated with the risk subject. The associated portions of the aggregated data can be transmitted to an entity placing the inquiry or other designated destination.05-03-2012
20120109803System and Method for Verbal Authorization for Fulfillment of a Service - In some embodiments, a verbal authorization system comprises a financial services repository operable to store information identifying one or more financial services provided by a financial enterprise. The financial enterprise provides a financial service of the one or more financial services in response to a written authorization from a client. An eligibility engine is operable to determine whether the client is eligible to apply for verbal authorization status such that the client may provide verbal authorization during a telephone call to a fulfillment representative of the financial enterprise in lieu of the written authorization. A verbal authorization repository is operable to store client authorization information. The client authorization information identifies the client and whether the client has achieved the verbal authorization status.05-03-2012
20120109802VERIFYING IDENTITY THROUGH USE OF AN INTEGRATED RISK ASSESSMENT AND MANAGEMENT SYSTEM - Embodiments of the present invention relate to systems, apparatus, methods and computer program products for integrated risk management. More specifically, embodiments of the present invention provide for identity verification based, at least in part, on comparing transaction data received from multiple financial institutions to data associated with a current financial transactions, such as type of transaction, transaction amount or the like. The transaction data provides for basing identity verification on how a customer, a counterparty or both previously transacted, in that transaction patterns can be identified to understanding who the transacting customer or counterparty is. In additional embodiments the identity verification may be based, at least in part on other data, such as financial institution relationship data, non-financial institution transaction and/or relationship data, customer/counterparty data or the like.05-03-2012
20120109801Managing Schedules In a Financial Close Management System - A computer-readable medium, computer-implemented method, and financial close management system are provided that manage a schedule. A schedule is a core object of the financial close management system, and is an expression of a template. Managing a schedule can include creating a new schedule, modifying an existing schedule, deleting an existing schedule, duplicating an existing schedule, validating an existing schedule, creating a template from an existing schedule, setting a status of an existing schedule, and importing and exporting an existing schedule. In addition, managing a schedule can include defining task type parameters that can be set during scheduling and setting task parameters of a schedule at a schedule level rather than a task level.05-03-2012
20120036055Methods and Systems for Multi-Credit Reporting Agency Data Modeling - Provided are methods and systems by which a data sample can be generated in order to create a true multi-Credit Reporting Agency model, eliminating the biases and variability in traditional multi-CRA models by allowing the creation of a single multi-CRA method which requires neither alignment nor translation to be applicable on all CRAs.02-09-2012
20100125513Reconciling Financial Transactions - Systems and methods for reconciling financial transactions are described with respect to a number of embodiments of the present disclosure. In one implementation, among others, a method includes enabling a user to define how different types of financial items are grouped. The grouped financial items are selected from one of a financial statement associated with a first account with a first financial institution and financial data recorded by a customer of the first financial institution. The method also includes enabling the user to set matching criteria for matching financial items of the financial statement with financial items of the customer recorded financial data.05-20-2010
20090094147Multi-Computer Data Transfer and Processing to Support Electronic Content Clearance and Licensing - Multi-computer data transfer and processing supports electronic content clearance and licensing. Data is transferred by external communication between separate computers which themselves are distinguishable processing entities, such as a licensor station, a licensee station and a licensing system station accessible by a tiered access web site. Licensors submit content, and demonstrative content samples, searchable by licensees. Licenses, which may be generated and delivered electronically, may be granted or denied according to predetermined parameters or analysis of licensing requests. The system may be fee-based, advertising-based, membership fee-based, or may charge a royalty per transaction, and may collect and distribute licensing fees. License progress may be tracked. Licensed content may be delivered and tracked online, and confirmed by licensees by accountings. The system may track royalties based upon these uses, with payment reminders sent to licensees when payments are due, and default notices in the event of late or missed payments.04-09-2009
20100125514Least Cost Routing of Fund Transfer Transactions - Aspects of the disclosure relate to enhancing the transfer of funds involving particular payee-payors. Users sometimes desire to remotely transfer funds from their account (i.e., payor account) to a payee, but are ambivalent as to the delivery mechanism their financial institution uses to perform the transfer. Systems and methods are disclosed that relate to using a routing engine to assist in transferring funds in an enhanced manner.05-20-2010
20100293083INCOME CURTAILMENT PROTECTION - A method includes enrolling a borrower in income curtailment protection associated with a loan, where the loan requires periodic payments in order for the borrower to avoid defaulting on the loan. If income curtailment has occurred, a determination is made as to what portion of the periodic payment is to be covered on behalf of the borrower. The determined portion of the periodic payment is covered by an entity other than the borrower on behalf of the borrower.11-18-2010
20080235124Global method and system for providing enhanced transactional functionality through a customer terminal - A global customer activated terminal (CAT) that primarily serves traveling customers who require access to their accounts when they are away from their home financial institution and beyond their local regional financial area is provided. The system provides applications that permit users to access their accounts and utilize account profiles and transaction journals within a generic global system approach, and each transaction set provides access to the user's full account profile. The traveling customer is also provided with access to all their accounts linked (as they would locally) to a specific card. The hardware employed in the system supports encryption key downloading, personal identification number (PIN) unscrambling and PIN encryption, so that security is instituted at the hardware level. To provide the maximum flexibility at each regional level for product and services offered, regional front end processors (FEPs) and Hosts (small financial systems) are the arbitrators of each transaction . . . acceptance and fulfillment, rather than the CAT.09-25-2008
20100088210FINANCIAL PORTFOLIO MANAGEMENT SYSTEM AND METHOD - A financial portfolio management system operable in a network environment can be configured to gather financial information from a plurality of sources over an electronic network and intelligently aggregate the information into a financial portfolio viewable by a client. The client can determine which accounts should be included in the portfolio. The system uses web crawling, parsing, or spidering technology to update the portfolio information. The system provides one platform that conveys financial information from a variety of accounts held at several different financial institutions.04-08-2010
20110178909PROVIDING VALUE EXCHANGE IN CONNECTION WITH FINANCIAL INSTITUTION RECOMMENDATIONS OFFERS - Systems, methods, and computer program products are provided for presenting value exchange in conjunction with financial solution recommendations or offers. The value component, is not limited to monetary value but may, in specific embodiments, also include, convenience value, emotional value or the like. The value component allows the customer to make informed decisions on which financial solution recommendations or offers to select. Further, the value component may be uniquely and dynamically customized (i.e., determined on-the-fly) for the customer based on inputs received from the customer and/or customer profile data. In addition, the value component may reflect average value realized for the demographic group applicable to the customer.07-21-2011
20090307119CHECK TRANSMISSION INFORMATION NOTIFICATION SYSTEM FOR FRAUD PREVENTION - A fraud detection system can be implemented by a check processor and a financial institution. The check processor can notify the financial institution proximate to the time a check is submitted to a merchant. The financial institution can then assess whether the check is suspicious and, if suspicious, contact the account holder to confirm that the account holder actually wrote the check. The financial institution can make direct contact with the account holder to confirm that the account holder is aware of the check writing activity.12-10-2009
20100138331INFORMATION PROCESSING METHOD AND ELECTRONIC MONEY SYSTEM - The present invention relates to an information processing method and an electronic money system that achieve contribution to the realization of a global or social objective, such as protection of global environment, by using the characteristics of electronic money, which is money, a point, or a right of use represented by electronic data.06-03-2010
20130091044PAYMENT DEVICE WITH ACCOUNT IDENTIFIER - A payment device having identifying numbers configured in aligned segments in order to facilitate use of the payment device.04-11-2013
20090138390Financial Transaction Message Exchange System - A system for conducting financial transactions which includes a message exchange service is disclosed. The message exchange can occur via a payment terminal and can be 1) payment device-to-payment device, 2) payment device-to-merchant, 3) merchant-to-payment device(s), 4) merchant-to-merchant, 5) anyone to/from financial institutions. The invention can enhance the paying experience, provide merchant feedback, as well as promote branding.05-28-2009
20100100470FINANCIAL PLANNING TOOL - Embodiment of the invention provide tools that take a person's financial data (accumulated from one or multiple sources and financial institutions) and determines which transactions are regular and which are ad hoc and then projects future cash flow. In one embodiment, the tool is configured to use this projected cash flow data to make automatic recommendations on how the user can save money in the future based on known offers and/or transactions made by others.04-22-2010
20100100469FINANCIAL DATA COMPARISON TOOL - Embodiments of the present invention provide apparatuses and methods for allowing a user to compare his or her financial data to the financial data of a hypothetical peer person. For example, an apparatus is provided including: (a) a communication interface configured to communicate with a user terminal, wherein the communication interface is configured to receive user input from the user terminal; and (b) a processor configured to compare a user's finances with finances of an average member of a select group of people, the comparison based at least partially on the received user input, wherein the communication interface is configured to provide the user terminal with a visual comparison of the user's finances with the finances of an average member of the select group of people.04-22-2010
20100100468SYSTEM AND METHOD FOR MULTI LAYER RULE PROCESSING BACKGROUND - A system and method for processing a digital transaction using a layered rule architecture. Any number of rules may be applied to or tested against a transaction record. Rules and associated actions may be associated with priorities. A conflict resolution method or logic may be used to select one or more actions from a set of actions resulting from applying a set of rules to a transaction record.04-22-2010
20110173112SYSTEM AND METHOD FOR ASSESSING AND MANAGING FINANCIAL TRANSACTIONS - A financial terms alert generation system comprises an information retrieval module, a financial terms comparison module, and an alert transmission module. The information retrieval module is configured to retrieve financing information, customer information, and product information from one or more sources accessible on a network. The financial terms comparison module is configured to compare a customer's current financial arrangement to a potential new financial arrangement to determine whether the customer is able to enter into a new financial arrangement on terms favorable to the customer. The alert transmission module is configured to transmit an alert to a dealer in cases in which the financial terms comparison module determines that a customer is able to enter into a new financial arrangement on terms favorable to the customer. Such alerts identify the customer and the favorable financial terms.07-14-2011
20110173111SYSTEM AND METHOD FOR ASSESSING AND MANAGING FINANCIAL TRANSACTIONS - A financial terms alert generation system comprises an information retrieval module, a financial terms comparison module, and an alert transmission module. The information retrieval module is configured to retrieve financing information, customer information, and product information from one or more sources accessible on a network. The financial terms comparison module is configured to compare a customer's current financial arrangement to a potential new financial arrangement to determine whether the customer is able to enter into a new financial arrangement on terms favorable to the customer. The alert transmission module is configured to transmit an alert to a dealer in cases in which the financial terms comparison module determines that a customer is able to enter into a new financial arrangement on terms favorable to the customer. Such alerts identify the customer and the favorable financial terms.07-14-2011
20100125516METHODS AND SYSTEMS FOR SECURE MOBILE DEVICE INITIATED PAYMENTS - Systems, methods, processes, computer program code and means for conducting a transaction include receiving a request to authorize a purchase transaction, the request including a static virtual payment account number (“VPAN”), an expiry date, and a dynamic code generated by a mobile device, the request further including a transaction amount and a transaction date, identifying, based on the static VPAN, a payment card account number, verifying that the dynamic code matches an expected value of the dynamic code, and transmitting an updated authorization request message to an issuer associated with the payment card account number for authorization analysis.05-20-2010
20090187502System and Method for the Automated Brokerage of Financial Instruments - Disclosed herein in a preferred embodiment is an automated financial instrument brokerage system wherein a front end layer interacts with customers to generate activity requests for an intermediate layer. The intermediate layer preferably processes the activity requests and places financial instrument orders on a financial market if appropriate. A backend layer preferably provides data to the intermediate layer for processing activity requests. Multiple heterogeneous front end customer applications may be supported by the same intermediate layer. Further, multiple backend layer applications may interact with the intermediate layer in a manner transparent to the front end layer. Further, scalability can be achieved be partitioning various tasks of the intermediate layer onto separate servers, and more preferably on separate redundant servers. Load balancers may then be used in the intermediate layer to provide distributed access to these servers. Also disclosed herein is a caching technique whereby turnaround time for processing activity requests can be reduced by reducing the number of times that the intermediate layer needs to interact with the backend layer.07-23-2009
20090276346SYSTEM AND METHOD FOR CLASSIFYING A FINANCIAL TRANSACTION AS A RECURRING FINANCIAL TRANSACTION - A system that automatically classifies a financial transaction as a recurring financial transaction based on classification data obtained from a set of users is presented. The system can also determine the frequency at which the recurring financial transaction repeats. If the financial transaction is classified as a recurring financial transaction, the system can mark the financial transaction as a recurring financial transaction. Alternatively, the system can notify the user that the classification data indicates that the financial transaction can be classified as a recurring financial transaction.11-05-2009
20090138394REMITTANCE PAYMENT PROCESSING WITH ACCOUNT SCHEMING AND/OR VALIDATION - Systems and methods of remittance processing where a merchant database is provided that includes one or more alteration rules that are associated with a particular payee. A consumer account number associated with a payor is received and altered into a modified consumer account number, where the alteration is performed in accordance with one or more of the stored alteration rules. The modified consumer account number may then be transmitted to the particular payee to be utilized, for example, when processing a payment.05-28-2009
20090281937System, Method and Apparatus for Associating a Credit Card Account with Sub-Account Codes - A system, method, and apparatus for processing a purchase transaction includes receiving a purchase request associated with an item of purchase. The purchase request includes sub-account information associated with a sub-account of a credit account. The method further includes associating at least one approved purchase category with the sub-account information, and determining a purchase category of the item. If the purchase category of the item is not in an approved purchase category, the method further includes sending a notification message to an account holder associated with the credit account. Embodiments further include denying purchase of the item if the purchase category is not in an approved purchase category, and authorizing purchase of the item if the purchase category is in an approved purchase category.11-12-2009
20120296791System and Method for Managing Investments in Infrastructure Assets - A system comprises a memory operable to store financial data associated with a business entity having a plurality of shares. The business entity may receive, directly or indirectly, income associated with rent or lease of infrastructure assets, the rent or lease paid by a first company to a second company. The system further comprises a processor that is communicatively coupled to the memory and that is operable to determine a value of each share. The processor is further operable to calculate an increase in the value of each share in response to an increase of capital expenditures associated with the infrastructure assets.11-22-2012
20090287594Methods of operating a self-service check depositing terminal to provide a tracking receipt - A method of operating a self-service check depositing terminal is provided. The method comprises receiving a check from a depositor, attempting to return the check to the depositor, printing a tracking receipt when the check is unable to be returned to the depositor, and dispensing the printing tracking receipt to the depositor to provide the depositor with information regarding next steps to take to resolve non-return of the check.11-19-2009
20090287592SYSTEM AND METHOD FOR CONFERRING A BENEFIT TO A THRID PARTY FROM THE SALE OF LEADS - A computer system and method for operating a computer system to confer a benefit to a third party recipient from the sale of leads. Receiving a lead entry from the lead contributor, the lead entry having a lead description describing a desired good or service. Transmitting an alert of the lead to potential providers inviting the potential providers to buy a share in the lead. Upon receiving a lead purchase request from the requesting potential provider including a payment for the lead, processing the lead purchase request including crediting an account of a third party recipient with a portion of the payment.11-19-2009
20090089196User Interface for an Electronic Trading System - A user interface for an electronic trading exchange is provided which allows a remote trader to view in real time bid orders, offer orders, and trades for an item, and optionally one or more sources of contextual data. Individual traders place orders on remote client terminals, and this information is routed to a transaction server. The transaction server receives order information from the remote terminals, matches a bid for an item to an offer for an item responsive to the bid corresponding with the offer, and communicates outstanding bid and offer information, and additional information (such as trades and contextual data) back to the client terminals. Each client terminal displays all of the outstanding bids and offers for an item, allowing the trader to view trends in orders for an item. A priority view is provided in which orders are displayed as tokens at locations corresponding to the values of the orders. The size of the tokens reflects the quantity of the orders. An alternate view positions order icons at a location which reflects the value and quantity of the order. Additionally, contextual data for the item is also displayed to allow the trader to consider as much information as possible while making transaction decisions. A pit panel view is also provided in which traders connected to the pit are represented by icons, and are displayed corresponding to an activity level of the trader.04-02-2009
20080208720Type-driven rules for financial intellegence - Financial intelligence architecture that employs financial types that are combined with rules to build financial behavior into the product. Types have behaviors such that types can be assigned that lead to the physical creation of underlying code which embodies the behaviors. Extensibility is provided at least by type parameterization and new type creation. Because types are a design time experience, types are two-way and can be modified, even after instantiation. This allows for mixing and matching of types and underlying behavior giving the system more flexibility at design time while providing a huge simplification of all the details that actually go into such financial applications. The type library is a set of rules that produce metadata, which metadata is later processed by a separate engine to produce the physical schema. The type library defines the basic interactions, data types, and behaviors for predefined dimensions in the system.08-28-2008
20080208723SYSTEM AND METHOD FOR SETTLING TRADES IN A DIGITAL MERCHANT EXCHANGE - A system and method for settling trades in a digital merchant exchange includes a buyer, a seller, a transaction agent, a network and a capital pool. The buyer and seller communicate through the network to agree on a contract. When the goods are received or the services are performed, the buyer issues a negotiable instrument that is received by the transaction agent. The transaction agent communicates with the buyer, seller, and capital pool through the network and facilitates the settlement of the trade. The system may call upon the capital pool to provide liquidity so that the system can issue payment to the seller at a time prior to the maturity date of the negotiable instrument.08-28-2008
20080208725System and method facilitating private currency - Computer-based systems and methods for facilitating private currency. Merchants who desire to use private currency participate in a merchant network wherein network members agree to accept private currency. Consumers are provided with a consumer account that may include both a private currency account and a commodities account. Consumers are provided with the ability to pre-set options allowing them to automatically refill a private currency account or commodities account while continuing to use goods and/or services purchased using currency or units stored in the consumer account.08-28-2008
20080208726Method and system for securing credit accounts - An enterprising identity thief may open new credit accounts in a consumer's name and then place a credit freeze on a consumer's credit file, thus making it more difficult to detect or remedy the identity theft. This problem may be solved by automatically requesting a security freeze at each of the three main credit bureaus upon the enrollment of a consumer with the service provider. The requesting of the security freeze may result in the credit bureau generating an identification code for the consumer at each of the credit bureaus. The service provider then may immediately request that the security freeze be removed. Accordingly, the consumer may gain control of the security freeze credentials from each credit bureau before the identity thief.08-28-2008
20080208724SYSTEM AND METHOD FOR SETTLING TRADES IN A DIGITAL MERCHANT EXCHANGE - A system and method for settling trades in a digital merchant exchange includes a buyer, a seller, a transaction agent, a network and a capital pool. The buyer and seller communicate through the network to agree on a contract. When the goods are received or the services are performed, the buyer issues a negotiable instrument that is received by the transaction agent. The transaction agent communicates with the buyer, seller, and capital pool through the network and facilitates the settlement of the trade. The system may call upon the capital pool to provide liquidity so that the system can issue payment to the seller at a time prior to the maturity date of the negotiable instrument.08-28-2008
20100287084APPARATUS AND METHODS FOR ANALYSING SECURITIES DATA - An apparatus for analysing securities data comprises a holdings module configured to determine, from the securities data, a value of a current holding in a security. The apparatus also comprises a disclosure determination module configured to determine, from a comparison of the value of a current holding with a rule stored in a database of disclosure rules, if the current holding is to be disclosed.11-11-2010
20090281938PENSION ADMINISTRATION SYSTEM AND METHOD - The present invention is a universal pension administration system that allows multiple companies use the same system for valuation report generation, benefit calculation, database administration, and trust payment direction. Plan Actuaries define a pension plan by answering questions related to the plan. A Developer Actuary uses tools to develop a pension plan framework that defines plan questions and logic and calculations to support the plan definition. A first tool is used to define the logic for pension plan definition, calculation sequencing, and report generation. In the calculation sequencing, rules are defined to refer to spreadsheets in which complex calculations related to the plan are performed. A second tool is used to design discrete calculation objects using a standard client-based spreadsheet. The spreadsheets are sequenced on a server in any manner as dictated by expert system code generated from the calculation-sequencing tool. Plan Participants access an online account to obtain information regarding benefits.11-12-2009
20090287593SYSTEMS AND METHODS FOR PROCESSING COMMERCIAL FINANCIAL TRANSACTIONS - Systems and methods for processing commercial financial transactions are provided. In one aspect, a method for processing a commercial financial transaction between a customer and a merchant is provided. The method includes approving a customer for receiving a financing package for engaging in the commercial financial transaction with a merchant, and issuing the financing package to the customer from the originator, wherein the financing package includes a check having a plurality of security features and a security agreement between the customer and the originator. The method also includes entering into a financing agreement between the customer and the originator upon execution of the check and the security agreement, receiving first purchase data from the merchant, performing an initial verification of the commercial financial transaction including comparing stored financing package data to the first purchase data, and processing the commercial financial transaction if the initial verification is satisfied.11-19-2009
20090313157Systems and methods for general aggregation of characteristics and key figures - Computer-implemented methods, computer systems, and computer programs product are provided for automated generic and parallel aggregation of characteristics and key figures of unsorted mass data being of specific economic interest, particularly associated with financial institutions, and with financial affairs in banking practice. The parallel aggregation may reduce the amount of data for a customer defined granularity for the purpose of facilitating the handling of raw data related to all areas of credit risk management in banking practice. Moreover, the computing power of software and the software performance run time, respectively, may be improved in the case of mass data.12-17-2009
20080275803METHOD FOR CAPTURING FINANCIAL SAVINGS FROM A COLLECTIVE THROUGH ISSUING AND SELLING OF ELECTRONIC CARDS - Business method for capturing popular saving with issue of credit papers with variable monetary values that can receive prizes and be redeemed for cash, good(s) or service(s) from a network of stores and companies.11-06-2008
20080275804Monte Carlo Grid Scheduling Algorithm Selection Optimization - A method for utilizing the Monte Carlo method to determine the most efficient arrangement of schedulers for a grid using a Scheduler Optimization Program (SOP). The SOP obtains the schedulers and scheduler timetable from memory and randomly selects a time period and scheduler to analyze. The SOP then uses the selected scheduler to modify the scheduler timetable. The SOP then runs the ROI calculator to obtain a ROI property for the modified timetable. If the ROI property for the modified timetable is greater than the ROI property for the original scheduler timetable, the SOP replaces the scheduler timetable with the modified timetable.11-06-2008
20080301022Real-Time Core Integration Method and System - Embodiments include a system, or platform, and method allowing financial institutions (FIs) to have access to an account opening platform that is capable of completing every aspect of the account opening approval process for the FI, and that is also capable of interfacing with their respective core systems (regardless of type or protocol) for receiving account opening requests from customers. Account opening requests may encounter permanent or temporary errors. When temporary errors are encountered, the account opening request is placed in a queue and automatically retried until the error is resolved. The account opening platform performs real-time integration with a variety of core systems such that approved new accounts are immediately “boarded” to the FI's core. In an embodiment, the platform is a plug-and-play” architecture such that adding the ability to communicate with new or different cores requires minimal effort. For example, no recoding of basic FMS software is required, but only coding of a plug-in module for a specific FI.12-04-2008
20120296789SYSTEMS AND METHODS FOR GAME MECHANIC DRIVEN MANAGEMENT - A method and a payment card account management system are provided. The payment card account management system is programmed to receive payment card account command instructions from a cardholder associated with the payment card account wherein the command instructions relate to at least one of payment card account management by the cardholder and account usage by the cardholder, generate an avatar expression based on the received command instructions, and display the generated avatar expression to the cardholder.11-22-2012
20120296788SYSTEM AND METHOD FOR MANAGING INFORMATION RELATED TO SECURITIES AND SECURITIES ISSUERS - A system and method that enables a financial institution managing a money market fund to meet the requirements of SEC Rule 2a-7. The system and method may enable an issuer of an instrument or security to provide information to investors that are regulated by SEC Rule 2a-7, in such a manner that the instrument or security of the issuer may be purchased and held by money market funds. This includes enabling the money market fund to verify that one or more securities issued by one or more issuers meet the three of the basic requirements of the Rule, namely (1) portfolio maturity, (2) portfolio quality, and (3) portfolio diversification.11-22-2012
20100114744REPUTATION SCORING AND REPORTING SYSTEM - The reputation scoring and reporting system for accounts associated with telephone numbers and maintained in an electronic database includes processing a request for a reputation report corresponding to an account in the database. The request is authenticated via the telephone number associated with the account. A reputation report is then sent to a subscriber in response to an authenticated request. In return, transaction information between the subscriber and entity is associated with the account in the electronic database. The reputation score for the account is calculated in real-time based on the transaction information stored in the electronic database.05-06-2010
20090276347METHOD AND APPARATUS FOR USE OF A TEMPORARY FINANCIAL TRANSACTION NUMBER OR CODE - A temporary financial transaction number is generated for conducting a financial transaction, such as for paying for goods or services. The temporary number has limits on use, such as time, and amount limits and limits on the type of goods or services that may be purchased or on the type of business at which the purchase may be made. The limits may be encoded into the temporary number or otherwise linked to the number. User identification information, or information on other authorized users, may also be encoded into the number or otherwise linked to the number. When presented for a payment, the number is checked for validity as well as whether the purchase is within the limits. An authorized purchase is applied against a user bank account or credit card account without disclosure of the account information. The temporary number is printed or is displayed on a display of a portable electronic device for presentation to the seller, or is transmitted to the seller for on-line purchases.11-05-2009
20090313159Document Processing System Using Full Image Scanning - A system for tracking currency bills comprises a currency scanning device. The scanning device includes a sensor that retrieves currency identification characteristic information of each bill processed. The currency identification characteristic information permits the unique identification of each bill processed. The system further comprises a customer identification means and means for associating each processed bill with the customer depositing the bill. Means for identifying the customer (or customer account) associated with a particular processed bill after the deposit transaction has been completed is also included in the system.12-17-2009
20090313156Adaptive daily spending limits - A computer-implemented system and method are provided for adapting the spending limit of a debit instrument in a networked computer system, particularly a daily spending limit. The method comprises determining or receiving notification of whether an electronic request to approve a debit instrument transaction was declined for exceeding a withdrawl limit or a spending limit, determining transactional risk associated with the debit instrument transaction using computer-implemented criteria, and adapting the spending limit of the debit instrument after the determination of transactional risk. Computer-implemented criteria are used to assess the transactional risk associated with a particular debit instrument transaction.12-17-2009
20090037307ONLINE ORIGINATION MACHINE - A system that facilitates an identification of potential investment banking opportunities and matches those identified potential banking investment opportunities to investment banking products is disclosed. More opportunities are acted on and more deals are closed than without the subject innovation. Additionally, a user interface facilitates product match and product configuration. After a product is configured and matched to an opportunity, a presentation is generated to ‘pitch’ to a customer.02-05-2009
20100138332METHOD AND SYSTEM FOR CREATING AND MARKETING EMPLOYEE STOCK OPTION MIRROR IMAGE WARRANTS - A warrant on company stock that is used to determine value of employee options for U.S. accounting purposes on company stock. The warrant comprises an amortization factor, an exercise term that is the same or substantially similar to an exercise term of the employee options, and a strike price that is the same or substantially similar to a strike price of the employee options. The warrant also comprises a provision to periodically determine the amortization factor based on early forfeiture and/or early exercise of the employee options, a provision to apply the amortization factor to the warrants; and a provision to determine an intrinsic value of the warrants. Value of the employee options for U.S. accounting purposes is determined using market value of the warrants at issue.06-03-2010
20080249908SYSTEM FOR CALCULATING ESTIMATED CURRENCY CONVERSION OUTCOME - A method includes receiving an inquiry. The inquiry identifies a first currency, a monetary amount in the first currency, and at least some digits of a payment card account number. The method also includes responding to the inquiry by providing a monetary amount in a second currency. The monetary amount in the second currency corresponds to a proposed currency conversion to be applied to the monetary amount in the first currency.10-09-2008
20080249912FORMAT IN COMPUTER-PROVIDED USER INTERFACE FOR ENTERING TRANSACTION FEE STRUCTURE - Data entry fields for entering a transaction fee structure are laid out in a grid of rows and in three or four columns. Data entered in a field in the second column defines the end point amount for a tier of transactions and is automatically populated into the field in the first column in the next row to define the starting point for the next tier of transactions. Data entered into a field in the third or fourth column defines a fee level for the tier of transactions defined by the amounts in the fields in the same row and in the first and second columns.10-09-2008
20080249910REGISTRATION OF CUSTOMERS FOR PAYMENT CARD BASED REMITTANCE SYSTEM - An application is received to register a customer for a funds transfer system. The application includes (a) the customer's name, (b) the customer's residential address, (c) the customer's mobile telephone number, and (d) an identification document that confirms the customer's name and residential address. The customer's mobile telephone number is associated with a payment card account number. The customer's name and residential address and a record of the identification document are stored in association with the payment card account number.10-09-2008
20080249909REMITTANCE SYSTEM WITH AUTOMATIC FINDING OF CASH LOCATIONS - A method includes receiving an indication that a funds transfer has been completed by crediting of a monetary amount to a recipient's payment card account. The method further includes transmitting, to the recipient's mobile telephone, and at a timing determined by the indication, data that indicates at least one location for retrieving funds from the recipient's payment card account.10-09-2008
20080249913METHODS AND APPARATUS FOR CHECKING ANTI-MONEY-LAUNDERING SUSPECT LIST TRANSACTION BY TRANSACTION - A method includes maintaining a list of individuals prohibited from receiving funds transfers, and receiving information from time to time for updating the list. The method further includes receiving a plurality of funds transfer requests over time. Each of the funds transfer requests specifies a respective recipient individual. In response to receiving each of the funds transfer requests, the respective recipient individual specified in the funds transfer request is compared with the updated list of individuals prohibited from receiving funds transfers.10-09-2008
20090048955System and method for financially distressed persons to avoid consequence of foreclosure - A novel system, method and computer program product for enabling owner/debtor's particularly, of dwellings, e.g. single or multi-family dwellings homes, condominiums, etc. (mortgagors), who are in financial distress and may be entering into a home foreclosure, to avoid the foreclosure by enabling them to purchase another real-estate property as joint or co-owner with another debtor, e.g., who may or may not be in a similar foreclosure situation. Immediate beneficial effect of such an equity purchasing arrangement for all parties is realized when brokered and transacted according to the systems and methods of the present invention. For instance, based on pool membership and an affordability factor rating, customers may be immediately extricated from the foreclosure process, advantageously matched with another borrower using calculations provided by the invention, and placed in an equity home co-ownership situation.02-19-2009
20080228615GRADUAL CONVERSION OF FINANCIAL ACCOUNTS - Embodiments describe a method and a system to link a secondary account to a primary account with an account management module associated with the primary account and to control access to funds in the secondary account with respect to a secondary account holder through the account management module. The secondary account includes a spending account and a savings account.09-18-2008
20080228614Consumer-driven system and method for promoting philanthropic giving/lending and social activism based on customer purchases - A consumer-driven system and method for promoting philanthropic giving/lending and social activism based on customer purchases. The system and method optimizes the choices on the part of the Customer in the selection of one or more Funding Options and allocation of Funding Points among one or more selected Funding Options. Feedback information concerning the progress of the funds permits the Customer to evaluate the effectiveness or success of the Funding Option; target feedback content to the Customers that have provided funds via the sponsoring entity; and/or prompt the donor/lendor for additional involvement or action concerning the Funding Option to promote continued engagement on the part of the Customer.09-18-2008
20080288388Method of Conducting a Due Diligence Procedure in a Business Transaction - A method of conducting a due diligence procedure of a contemplated, continuing or follow-up business transaction between first and second parties generally consisting of devising a list of inquiries, assigning values to such inquiries, establishing levels of risk exposure due to each response to such inquiries, eliciting responses to such inquiries and the assignment of a level of risk exposure to each of such responses, and evaluating the relevant risk exposure in proceeding with such transaction by a consideration of the values assigned to such inquiries and the assigned levels of risk exposure to responses to such inquires.11-20-2008
20080288384System for automatic financial transaction notifications over wireless network or other network - In a method and system for automatically notifying a user when financial transactions (e.g., debit card transactions and credit card transactions) are carried out in association with the user's credit card or other financial account, each time a financial transaction is completed, a notification message is generated and transmitted to a user-designated terminal. Examples include transmitting e-mails, other text messages, or audio messages to the user's home computer terminal or mobile phone or other wireless unit. The notification message contains information identifying the user account and specifying the nature of the transaction, such as monetary amount, time of day and date, and where the transaction occurred. The notification is generated and transmitted substantially immediately after the transaction is completed. This way, a user is informed of each transaction separately and substantially contemporaneously with when the transaction is carried out, allowing users to intuitively assess the transaction from a time sense.11-20-2008
20080288382Methods and Systems for Early Fraud Protection - Embodiments of the invention provide for improved early detection of fraud through user-defined monitoring of financial account information and communication of alerts and notifications of user-defined individualized potentially-fraudulent account activity to users. Embodiments of the invention permit an account fraud detection service provider to provide account monitoring services. The user may use the fraud detection service provider to monitor any number and type of financial accounts, and the user may define account notification rules or filters under which the user may choose to be notified of certain potentially-fraudulent account activities. The user may receive alerts and/or notifications of the user-selected account activities using a method selected by the user, and may therefore maintain awareness of account activities and be alerted of any troubling activity in a manner most convenient and effective for the user's needs.11-20-2008
20080288385Method and system for preventing card fraud - A method and system for preventing card fraud include obtaining card event information of a card user from a provider such as a card issuer, a merchant, a retailer, etc., during a card event between the card user and the provider. The card event information is compared with known fraudulent information stored in a database. An alert is sent to the provider if there is a match between the card event information and the known fraudulent information.11-20-2008
20080288383System and process for protected retirement asset management - In one aspect, the invention comprises a system for the management and administration of a longevity policy funded by a retirement account comprising: (a) a means for creating a customized longevity policy by predicting future economic performance based on client data and (b) a means of servicing the customized longevity policy. In another aspect, the invention comprises a method of funding and administering a longevity policy comprising: (a) creating a longevity policy; (b) transferring the asset fee from a retirement account to the longevity policy on a systematic basis; (c) providing statements regarding the longevity policy; (d) distributing benefit payments to the longevity policy holder on a systematic basis; (e) allowing the asset fee and starting age to be adjusted.11-20-2008
20090037306System and Method for Managing Customer Interactions - Systems and methods for managing customer interactions allow an organization or individual to identify, prioritize, and manage customer interactions efficiently prior to a customer reaching a specialized customer service agent or station. A terminal may be used in a lobby of an office or business (e.g., by a lobby leader) to identify, queue, and process customers. For example, in a banking environment, a customer's needs and identification information may be collected and/or identified prior to the customer reaching a bank teller or other transaction station by a lobby leader. In one or more instances, a terminal used by a lobby leader may be configured to process one or more transactions so that the customer does not need to wait in a queue. A lobby leader terminal may also include a variety of other functions to facilitate customer management.02-05-2009
20080313065Method of and system for analyzing, modeling and valuing elements of a business enterprise - An automated system (12-18-2008
20080301018REVENUE ASSURANCE TOOL - A system assures revenue reconciliation of customer billing and vendor settlements for multimedia services, including voice over IP, provided through a network. The system includes a data repository configured to store a plurality of tables, each table including data collected from a plurality of network elements in the network and relating to at least one of customer usage, mediation, customer billing and vendor settlement. The system also includes a processor configured to execute an alert rule based on data retrieved from at least one table stored in the data repository. The alert rule includes a comparison between the at least one table and at least one other table of the plurality of tables. The processor triggers an alert associated with the alert rule when a corresponding alert rule threshold is exceeded based on the comparison, and initiates reporting of the triggered alert.12-04-2008
20120296790METHOD AND SYSTEM FOR ENABLING COLLABORATION BETWEEN ADVISORS AND CLIENTS - A common collaboration tool enables advisors, their clients and other participants to interact in a coordinated manner in various areas of interest. A client authorizes selected advisors as well as other participants to view, discuss, modify and perform other operations in response to the client's request for services. A client defines the scope of authorization for advisors and/or other participants for security and confidentiality reasons. Advisors (and/or participants) access information submitted (or authorized) by the client to collaborate as a cohesive team in sharing information, devising a plan, addressing client's concerns, drafting (or modifying) a document and performing other services for the client.11-22-2012
20120296786ACCOUNT RESERVE - Embodiments of the invention are directed to systems, methods and computer program products for managing an account. In some embodiments, a method includes receiving information associated with an account. The method further includes determining, based at least partially on the information, a selected amount of currency from the account to hold in a reserve associated with the account and indicating the selected amount of currency to hold in the reserve. In some embodiments, the selected amount of currency is determined based at least partially on determining one or more eligible transactions from a transaction history associated with the account. In some embodiments, an eligible transaction may be a recurring transaction such as a rent payment transaction, a utilities payment transaction, etc.11-22-2012
20120296787Personal Transaction Number - The Personal Transaction Number, (PTN), will cease fraudulent Activity in the banking industry and even some secured web sites. It is a series of numbers which shall be offered by banking, credit and Insurance industries, to their customers. A series of (PTN) in check size booklets, with each individual page displaying indentifying numbers in sequence, shall be offered to each customer. Whenever a customer is using the credit honor system at any Point of Sale, (POS), or to even access secured web sites, such as being offered by insurance companies, the customer will now have to offer a new (PTN) in sequence from this (PTN) booklet, which the customer shall have to carry on their person. This procedure shall be put into place so as to have their credit, or acceptance of entry into a web site, go forward.11-22-2012
20090313158ONLINE CLOSING SYSTEM AND METHOD - A system and method for processor-enabled interactive real estate deals, the system comprising storing, on one or more processor readable media that are operatively coupled to one or more processors. The database includes electronic deal information including information representing at least one real estate transaction, buyer information representing at least one buyer associated real estate transaction(s), seller information representing seller(s) respectively associated with real estate transaction(s), broker information including information representing buyer broker(s) and seller broker(s), deal point information representing deal point(s) associated with the real estate transaction(s), management company information representing management company/companies and deal point information representing at least one deal point associated with the real estate transaction(s). At least one contract is provided as a function of selection(s) of the deal information, the buyer information, the seller information, the broker information, the broker information, the deal point information, the management company information, the deal point information and the contract template information for a real estate transaction.12-17-2009
20080313066METHOD AND SYSTEM FOR MANAGING RECEIPTS - A method and system for managing receipts includes a process for managing receipts whereby when a user makes a purchase of a product and/or service, an electronic copy of the data on the purchase receipt is generated. The purchase receipt data is then assigned an identification code unique to the user to create user correlated purchase receipt data. The user correlated purchase receipt data is then transferred to a data storage device where the user correlated purchase receipt data is stored until needed. The user correlated purchase receipt data is then made accessible to the user, and/or an authorized agent for the user, as needed, by accessing the data on the data storage device through a user account.12-18-2008
20080288387SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT FOR IMPLEMENTING A MUNICIPAL ARBITRAGE PORTFOLIO (MAP) IN AN INVESTMENT COMPANY ACT OF 1940 FUND (1940 ACT FUND) - A system, method, and computer program product for implementing municipal arbitrage portfolios are set forth herein. A first investment fund that is compliant with the Investment Company Act of 1940 (the 1940 Act) uses a special purpose trust that: (i) issues at least a First Security funded at least in part by equity of the first investment fund, the First Security providing a series of residual interest payments to the first investment fund; (ii) issues at least one Second Security that results in a series of distributions to a second investment fund; and (iii) owns one or more municipal bonds. The first investment fund may have an obligation to reimburse a liquidity provider (LP) for losses incurred by the liquidity provider from performing its obligation to purchase the Second Security upon tender by a holder. Consolidation of the municipal bonds held by the special purpose trust on the balance sheet of the first investment fund is avoided by using one or more step out transactions.11-20-2008
20080270280COMPREHENSIVE, INTEGRATED SYSTEM AND METHOD FOR CALCULATING AND DEMONSTRATING COSTS SAVINGS VALUES - A cost savings calculator plan is established for a customer by associating calculator instances, selected from an established plurality of calculator types, with a customer profile. The calculator instances associated with the customer profile are utilized to determine specific cost savings amounts for the customer. The specific cost savings amounts may be presented to the customer using different specified levels of granularity.10-30-2008
20080270277Method and apparatus for performing a financial transaction - A system that performs a financial transaction on behalf of a user is presented. During operation, the system receives parameters for the financial transaction. Next, the system analyzes the parameters to determine financial benefits of using one or more subsets of financial sources from a set of financial sources associated with the user to fulfill the financial transaction. The system then selects a subset of financial sources which substantially maximizes the financial benefits for the user. Next, the system uses the selected subset of financial sources to fulfill the financial transaction on behalf of the user.10-30-2008
20080270278SYSTEM FOR SETTLING OVER THE COUNTER TRADES - A system for automatically determining a trade settlement pathway comprising: receiving trade pathway preferences from a first and second party with respect to each other; wherein the trade is settled through clearing if both parties have available accounts with a clearing firm and the trade satisfies each party's clearing account credit limitations; and wherein the trade is settled bilaterally if at least one party does not have an available clearing account or both parties prefer to settle the trade bilaterally, and the trade satisfies each party's bilateral credit limitations.10-30-2008
20080270276ON-PREMISE RENEWABLE GENERATION SECURITIZATION - A method of securitizing at least one on premises renewable power systems, the method comprising: providing at least one customer to provide a group of customers, wherein at least one customer has a on premises renewable power system and on premises renewable power system has associated on premises renewable power system characteristics and each customer has customer variables; providing a contractual relationship between each customer and a third party; determining the anticipated recurring fees for the group of customers according to the on premises renewable power system characteristics and customer variables; determining the anticipated monthly cash flow of group of customers according to the anticipated recurring fees; and securitizing the on premises renewable power system according to anticipated monthly cash flow and customer variables.10-30-2008
20120036057SYSTEMS AND METHODS FOR OPTIMIZATION OF A FINANCIAL TRANSACTION - A method of determining a structure for financing a consumer product through a computer implemented process according to one embodiment comprising the steps of: receiving one or more fixed inputs including a monthly payment value and a down payment value; calculating a plurality of potential financial structures for the consumer product based upon the monthly payment value and the down payment value; and determining from the plurality of potential financial structures, a financial structure that provides a greatest profit for a seller of the consumer product.02-09-2012
20090099949Reallocation - This invention relates to hedge fund indexing in general and methods and systems for constructing and maintaining investable hedge fund indices in particular.04-16-2009
20090099950Index Rebalancing - This invention relates to hedge fund indexing in general and methods and systems for constructing and maintaining investable hedge fund indices in particular.04-16-2009
20090030823Method and system for an enhanced step-up provision in a deferred variable annuity with a rising guaranteed step-up - A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a step-up provision. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision.01-29-2009
20100274698Soft Limits for Credit Card Transactions - A method, system, and article are provided for effectively managing a financial account for fraud prevention. The account is provided with a soft credit limit parameter and a tool for management of the soft credit limit parameter. The soft credit limit is in addition to a hard credit limit. More specifically, the hard credit limit is static and fixed by a credit issuing authority. In contrast, the soft credit limit is amendable under different circumstances and in conjunction with the tool is managed by the holder of the account.10-28-2010
20090037310Account With Easily Interchangeable Features - An account, such as a checking account or other instrument, is provided having a number of interchangeable features. The customer is given a choice of a number of available features such that a tailored account is created. Further, in a preferred embodiment the features are divided into standard and premium features of which the customer can choose a select number of each upon opening the account. The customer can thereafter change and interchange the features as needed, at no cost, and in real time as often as desired, such that as the customer's life or conditions change the account is always tailor-fit to the customer's needs. Further, additional features can be added to the account at an additional cost to the customer. Changes in features can be made with no need to close an account and then open a substitute account and at no cost to the customer.02-05-2009
20110270728SWAP INDEX - A set of indices is provided which allows accurate tracking of interest rate swap (IRS) markets. The indices are calculated using market data and synthetic purchasing and selling of synthetic interest rate swaps utilizing the present market data. The value of the synthetic interest rate swaps are the basis for the value of a particular index. The purchasing and selling of the synthetic interest rate swap occurs at a frequency to minimize effects of shortening terms on the index. One subset of the IRS indices reflects a plain-vanilla swap for a specific term of years. Another subset of the IRS indices reflects a spread between two specific terms of years. A third subset of the IRS indices reflect two spreads, sometimes referred to as a butterfly, between a middle term of years and a shorter term of years and the same middle term of years and a longer term of years.11-03-2011
20110270727SYSTEMS AND METHODS OF ON-LINE CREDIT INFORMATION MONITORING AND CONTROL - Systems and methods of on-line credit information monitoring and control. In one embodiment, a server computer accesses and retrieves credit information relating to a consumer. The server computer may also provide a user interface with active links associated with credit items. The links may allow the consumer to communicate directly with a credit service. The server computer may offer additional credit-related services such as credit report retrieval, credit monitoring, notifications, identity theft management, interest rate calculations, historical archives, and account management.11-03-2011
20110270726INDEPENDENT ANNUITY PLACEMENT SYSTEM AND METHOD - A system and method for facilitating annuity transactions between annuity purchasers and providers via an annuities placement program accessible to the purchasers and providers. Purchasers enter quote solicitation information used by the annuity providers to establish a quote for an annuity Annuity providers enter a quote in response to the quote solicitation information, and the quote is provided to the purchaser via the annuities placement program. The quote is customized to the annuity purchaser's quote solicitation information. Multiple quotes from multiple providers may be presented to the purchaser for ease of quote comparison. To facilitate such transactions, a discretionary group is established to be a contract holder for each participating annuity provider. A master group contract is established for each of the participating providers, each of which is written by a respective one of the participating annuity providers to the discretionary group to allow the discretionary group to be the contract holder for annuities purchased by the annuity purchasers. In response to an annuity purchase, a certificate of participation is issued to the purchaser from the provider under the terms of the master group contract of that annuity provider, which reflects annuity terms customized to the annuity purchaser.11-03-2011
20110270725METHODS AND SYSTEMS FOR PROVIDING A YIELD CURVE INDEX - An exemplary aspect comprises a computer system comprising: (a) one or more servers that receive electronic data describing prices for a first category of futures positions; and (b) one or more processors that calculate an index value at a specified time based on one or more weighted price changes for said first category of futures positions, wherein said index value has a target exposure to one or more yields for said first category of futures positions. In one or more exemplary embodiments, the computer system further comprises one or more processors that receive electronic data describing prices for a second category of futures positions, wherein the index value at the specified time is based on one or more differences between weighted price changes for the first category of futures positions and the second category of futures positions. Other exemplary aspects comprise related methods and software.11-03-2011
20110208629CUSTOMER ACCOUNT NOTIFICATION MESSAGES - Embodiments of the invention relate to apparatuses, methods, and computer program products for providing notification messages relating to observations made about a customer's use of an account that is held by a bank. For example, one embodiment of the invention provides a bank computer system having a memory communicably coupled to a communication device and a processor. In one embodiment, the memory stores information about the customer's use of account services and features, including online banking. The processor is configured to monitor the information and make observations about the customer's use of the account services and features, and use the communication device to communicate a notification message containing information relating to how the customer could better utilize the account services and features.08-25-2011
20110016032MARKET DATA MESSAGE FORMAT - Systems and methods are provided for communicating and processing market data. The market data may comprise quotes, orders, trades and/or statistics. A messaging structure allows for adding, re-ordering and/or expanding data, within the printable character set of any language. One or more delimiters are defined and used to delimit data elements within the message structure. The data is interpreted based on templates which may be disseminated prior to the sending of messages and used as an abstraction so that the meaning of data need not be conveyed in the message.01-20-2011
20090125427METHODS AND SYSTEMS FOR PROVIDING RISK RATINGS FOR USE IN PERSON-TO-PERSON TRANSACTIONS - Embodiments of the present invention provide a system for determining a risk rating associated with a subject to support a person-to-person transaction. The system includes a profile device in communication with a database that includes personal information and history information associated with the subject. The profile device includes a profile engine stored on a computer-readable medium. The profile engine can access the personal information to authenticate the subject and access the history information to generate a risk rating for the subject. The risk rating is generated by scoring the history information using pre-set criteria. The profile engine can output the risk rating to a reviewer identified by the subject.05-14-2009
20110208630METHODS AND SYSTEMS FOR DETECTION OF FINANCIAL CRIME - Systems and methods for evaluating financial transactions. Methods include receiving first indications of financial transactions related to a target user from a financial system, and receiving second indications of communication events, which are related to the target user but are not directly related to any financial transactions. Forensic criterion are evaluated defined over the first and second indications to issue and alert upon meeting the criterion. The forensic criterion may include detecting a money laundering event, a fraud event, or a financial transaction that is not related to the target user.08-25-2011
20100005018 PEER-TO-PEER LENDING SYSTEM FOR THE PROMOTION OF SOCIAL GOALS - A system and method for realizing a peer-to-peer lending system directed toward equipment based projects related to an identified social goal. The preferred embodiment contemplates an internet web system that facilitates the funding of pre-approved, small to medium sided “green” energy projects to encourage alternate energy efforts and related environmentally friendly projects. The invention utilizes a number of subsystems not found in prior art peer-to-peer lending systems that facilitate these kinds of projects including, but not limited to, integrating support for secondary loans into the system, allowing the system to use social friendly equipment as collateral for the loans, and reporting carbon credits created by realization of the projects, thus allowing lenders to provide loans to facilitate a specified social goal and measure their effectiveness in furthering a social goal.01-07-2010
20110208631SYSTEM AND METHOD FOR MORTGAGE APPLICATION RECORDING - A system and method for mortgage application clearinghouse is disclosed. In particular, the present disclosure is directed to a centralized mortgage application recording system for online data processing, recording and maintenance of mortgage application-related data.08-25-2011
20090094148SYSTEMS AND METHODS USING PAPERLESS CHECK 21 ITEMS - The disclosure describes a digitally originated check (DOC) through an electronic payment system (EPS) which captures payor metadata instructions regarding the intended payment to a payee. The metadata is stored in a database or the like for further processing instead of printing a paper check. The DOC can be cleared either electronically or through a paper substitute check through Check 21 clearing methods.04-09-2009
20090125428Method and system for enhanced distribution of financial instruments - An issuer models financial instruments (e.g., proposed securities) with initial financial parameters to facilitate defining a financial instrument with final financial parameters for actual issuance in the primary offering. The issuer models the initial financial parameter data associated with a corresponding proposed financial instrument based on at least market data relevant to the issuance of the proposed financial instrument. The initial financial parameter data is communicated between an issuer and an underwriter in a posting document via a communications network. The issuer and the underwriter collaborate via electronic communications to determine the final financial parameters of a financial instrument to be issued in the primary offering based on the initial parameter data and an agreement between the issuer and the underwriter.05-14-2009
20090094149WIDE AREA NETWORK PERSON-TO-PERSON PAYMENT - According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (04-09-2009
20090138392System for settling model options - A computer implemented system for calculating a settlement price for a Model Option contract, a new type of option that contains a settlement right at a price that is determined by a specified valuation methodology comprising an option pricing model and input values necessary to run the option pricing model.05-28-2009
20080306848Lead Generation Platform - A method and system is disclosed for a financial institution to offer one or more financial products or services to a customer. Upon receiving a triggering event, such as a customer transaction, at least one of an internal and external database concerning is queried, and an algorithmic determination of an optimum selection of financial products to be offered to the customer is executed. The initiated financial transaction may be executed simultaneously with the determination of an optimum selection of financial products. The optimum selection of financial products and services may be offered by the financial institution employee who is also processing the customer transaction.12-11-2008
20080306852Home Registry with Advertiser Contributions - Systems and methods assist a potential home buyer in funding a down payment for a residence, by accumulating contributions towards the down payment at least in part as a first function of purchases made through a first business, and keeping track of the contributions. All suitable interfaces are contemplated including especially electronic web page interfaces. Contributions can include cash, but also other suitable types, including for example points, and discounts. The purchases used as a basis for making contributions can be made by the potential home buyer, or by other person or entity. In especially preferred embodiments, a commercial lender, relative, builder, a builder's agent, or other third party can match some or all of the contributions. At least one of the contributions can be returned to a donor if the down payment is not used to purchase the residence during a given period of time.12-11-2008
20080306850METHODS AND APPARATUS FOR PREVENTING FRAUD IN PAYMENT PROCESSING TRANSACTIONS - A method includes receiving an authorization request for a purchase transaction, and determining whether the authorization request arose from proximity-reading a proximity payment device. The method further includes mapping a first account number included in the authorization request into a second account number associated with the first account number if it is determined that the authorization request arose from proximity-reading a proximity payment device and if the first account number is qualified for mapping. In addition, the method includes transmitting the authorization request to an issuer financial institution with the second account number substituted for the first account number in the authorization request.12-11-2008
20090006238MATCH SERVER FOR A FINANCIAL EXCHANGE HAVING FAULT TOLERANT OPERATION - Fault tolerant operation is disclosed for a primary match server of a financial exchange using an active copy-cat instance, a.k.a. backup match server, that mirrors operations in the primary match server, but only after those operations have successfully completed in the primary match server. Fault tolerant logic monitors inputs and outputs of the primary match server and gates those inputs to the backup match server once a given input has been processed. The outputs of the backup match server are then compared with the outputs of the primary match server to ensure correct operation. The disclosed embodiments further relate to fault tolerant failover mechanism allowing the backup match server to take over for the primary match server in a fault situation wherein the primary and backup match servers are loosely coupled, i.e. they need not be aware that they are operating in a fault tolerant environment. As such, the primary match server need not be specifically designed or programmed to interact with the fault tolerant mechanisms. Instead, the primary match server need only be designed to adhere to specific basic operating guidelines and shut itself down when it cannot do so. By externally controlling the ability of the primary match server to successfully adhere to its operating guidelines, the fault tolerant mechanisms of the disclosed embodiments can recognize error conditions and easily failover from the primary match server to the backup match server.01-01-2009
20090006236METHOD AND SYSTEM FOR IDENTIFYING HIGH PROBABILITY TRADE MATCHES - Methods and Systems for routing an indication of interest message are provided in which one or more external trade messaging systems are monitored to discover and collect information related to a trading posture of a plurality of trading counterparties. The information related to the trading posture of the plurality of trading counterparties is stored in a database and accessed, upon receipt of an indication of interest message to intelligently route the indication of interest message to at least one of the plurality of trading counterparties based at least in part on the information regarding the trading posture of the plurality of trading counterparties stored in the database.01-01-2009
20090006233Electronic Fund Transfers Using an Electronic Mail Interface - A system and a method are disclosed for using an electronic mail (e-mail) interface to initiate and configure an electronic fund transfer. A fund transfer module is operatively interfaced with an e-mail module, allowing the fund transfer module and e-mail module to communicate data between each other. Responsive to the e-mail module receiving a generation input, data describing a fund transfer is received. The generation input can be s a user request or a receive e-mail including a request for payment. A representation of the fund transfer is generated from the received data and displayed by the e-mail module. For example, the fund transfer is displayed in a format replicating the appearance of a paper check. Responsive to the e-mail module receiving a user confirmation input that the representation of the fund transfer is accurate, an electronic transfer packet including the data describing the fund transfer is generated.01-01-2009
20090006232Secure computer and internet transaction software and hardware and uses thereof - Methods of using an alternate embedded browser object in conjunction with an ecommerce transaction software system are described that comprise providing a server; providing a client; providing a user; and utilizing a software application, a code, a password or a combination thereof for server and client authentication, wherein the software application, a code, a password or a combination thereof is based on the transaction type requested by the user at the time of use. Also described is an embedded browser object that interfaces to an ecommerce transaction system without the need for a keyboard.01-01-2009
20090006239SYSTEM AND METHOD FOR CATEGORIZING TRANSACTIONS - A system and method of allowing individuals to categorize transaction information. A user of the system may establish transaction identifiers that may be employed during or subsequent to a transaction in order to categorize transaction information.01-01-2009
20090006237Method and system for portable retirement investment - A process and a system for providing a user with a plurality of periodic retirement income payments is disclosed. The process comprises the steps of receiving an input including two of a retirement date, a minimum retirement income amount and a defined premium payment amount for payment over a plurality of preset payment intervals. The process also includes the steps of calculating the other one of the retirement date, the minimum retirement income amount and the defined premium payment amount for an accumulation period defined by the retirement date and a current age of the user; receiving a premium payment amount from the user during the accumulation period; investing the received premium payment amount in an account in a manner consistent with one or more predefined objectives during the accumulation period to realize a retirement income amount. The process further includes the step of transmitting the retirement income amount to at least one of the user and a designated receiver at a designated time after the end of the accumulation period. The retirement income amount includes a predetermined guaranteed minimum retirement income if the received premium payments are received according to a preset premium payment schedule.01-01-2009
20090177571PROCESSING BINARY OPTIONS IN FUTURE EXCHANGE CLEARING - Systems and methods are disclosed for processing binary options (also referred to as digital options) in existing clearing systems, such as futures clearing systems. The binary option is treated, or processed, similar to standard options on a non-tradeable cash-settled underlying futures contract. A hypothetical instrument, referred to as a book instrument is created to facilitate clearing of the binary option. The book instrument has an expiration date after the expiration of the binary option, such as the day after the expiration of the binary option. For each binary option that expires in the money, a transaction is created for the book instrument future. The underlying book future has an assigned price that is a fixed amount less that the final price for the underlying statistical or actual value of the binary option at expiration. Transactions are loaded in the clearing system and processed and all positions are liquidated. Options exercise and assignment processing is performed in the clearing system as well as an associated clearing firm bookkeeping system.07-09-2009
20090177567MOBILE APPLICATION MONITORING SYSTEM - A method and system to test, monitor, and share revenue associated with third-party software applications operating on mobile devices over a network operator's wireless network. An application may be tested by the mobile application monitoring system to simulate the expected load of the application on a mobile device and the wireless network utilized by the mobile device, and to determine any services utilized by the application. Based on the simulation, the system determines a compensation arrangement under which revenue associated with the application will be shared between the network operator and the application provider. In some embodiments, the compensation arrangement is determined from a variable reward table. Revenue is shared inversely with an application's impact on customers and on the network operator.07-09-2009
20130218737Independent Research Consensus Earnings Estimates And Methods Of Determining Such - Apparatus and methods are described for correlating business relationships and issuing earnings estimates. According to the present invention, an earnings estimate can be generated for a company as it compares to a consensus estimate, or other rating aggregate, along with an indication of an investment banking relationship or other business relationship that the entity providing the estimate has had with the company. In addition to a consensus estimate that may be based upon current and previous analyst earnings estimates, operating actuals, expected reporting dates, footnotes and company-issued guidelines, indications of investment banking relationships and a consensus estimate is provided that excludes input from banks conducting business with the company. The present invention can also include suggested actions that can be taken based upon data relating to an investment banking relationship, an earnings estimate and/or a consensus earnings estimate that excludes input from banks with substantial business relationships with the company.08-22-2013
20090144185Method and Apparatus for Estimating the Spend Capacity of Consumers - Time series consumer spending data, point-in-time balance information, internal customer financial data and consumer panel information provides input to a model for consumer spend behavior on plastic instruments or other financial accounts, from which approximations of spending ability may be reliably identified and utilized to promote additional consumer spending.06-04-2009
20090327114Systems and Methods For Secure Pin-Based Transactions Via a Host Based Pin Pad - A method and system for securely verifying over an open network a transaction using a payment card requiring authorization, such as a PIN, to be used. The system utilizes a secure host system to establish two lines of communication between a merchant and a consumer device used by an individual using the payment card. The secure host system provides a verification interface that is presented to the consumer device, providing a means for the individual to provide verification information. The secure host system receives verification information from the consumer device, couples the verification information with card information supplied by a merchant for verification from a third party payment provider. The transaction service provider verifies the transaction without sending the cardholder's actual PIN over the open network.12-31-2009
20090006235PROCESSING CONTINGENT PAYMENTS - Methods and apparatus, including computer program products, implementing and using techniques for granting authorization to conduct a monetary transfer. A proposal is created. The proposal specifies one or more named third parties, one or more specified actions, and a time frame in which the one or more specified actions is to be completed. The proposal is distributed to the one or more named third parties. Each of the one or more named third parties completes the specified actions within the time frame specified in the proposal. Authorization to process the monetary transfer is given in response to the one or more specified actions being completed by the one or more named third parties.01-01-2009
20090012890SYSTEM AND METHOD FOR CONFIRMING ELECTRONIC SERVICE - A system and method for confirming an electronic service are provided. The system includes an electronic service application system, adapted to send an electronic service confirmation request to a confirmation center when implementing an electronic service, and implement the electronic service according to an electronic service confirmation result from the confirmation center; the confirmation center, adapted to determine a confirmation terminal corresponding to the electronic service confirmation request, send an electronic service confirmation message to the confirmation terminal, and send the electronic service confirmation result from the confirmation terminal to the electronic service application system; the confirmation terminal, adapted to receive the electronic service confirmation message, generate the electronic service confirmation result according to feedback from a user, and send the electronic service confirmation result to the confirmation center. The occurrence of the electronic service can be monitored and the security of the electronic service is greatly improved.01-08-2009
20080319887SYSTEMS AND METHODS FOR ACCESSING A SECURE ELECTRONIC ENVIRONMENT WITH A MOBILE DEVICE - The invention provides a system and methods for multifactor authentication of a mobile device for access to an electronic account. The mobile device may serve as one factor of a multifactor authentication process. A time based activation code may be generated in order to enroll an electronic account for mobile access.12-25-2008
20080319889RESTRICTING ACCESS TO COMPROMISED ACCOUNT INFORMATION - A notification service protects different user accounts from being exposed to fraudulent activity when one of the accounts is compromised. The notification service instructs an issuer of the compromised account to automatically close, freeze or place the other associated accounts on a watch list to prevent potential exposure to the other accounts due to a security breach associated with the compromised account. The card holder may receive notification of the compromised account from the notification service or the issuer via a mobile device. The mobile device may directly contact other issuers with one request to restrict access to any accounts associated with the compromised account. In the event that the compromised account is loaded on the mobile device, the account is cancelled and a new account is loaded to the mobile device.12-25-2008
20110225077Activity Ranking - A system and method of ranking activities and/or services to offer to a customer is provided. In some examples, one or more products, activities or services of a financial institution may be ranked for a customer based on customer information. One or more of the ranked products, activities and services may be offered to the customer. The customer's acceptance or refusal of the offered activity may be stored and used in future rankings.09-15-2011
20090248562Withdrawal processing apparatus and withdrawal processing method - A withdrawal processing apparatus is arranged with a storage unit for storing deposit balances of respective yen account and foreign currency account; an acquiring unit for acquiring withdrawal request information including a withdrawal amount for every currency; a withdrawal judgment unit for judging, for every currency, whether or not the withdrawal amount is within a range of a deposit balance; and a withdrawal processing unit for performing a withdrawal process based on the withdrawal amount of yen for the yen account if judged that the withdrawal amount of yen is within the range of the deposit balance of the yen account, where the withdrawal processing unit compensates the shortage amount from the yen account and performs the withdrawal process when the shortage amount with respect to the withdrawal amount of the foreign currency of the foreign currency account is within the range of the deposit balance of the yen account.10-01-2009
20090248561EXCHANGE TRADED ASSET BASED SECURITY - This invention provides a security and an index that may be based on any asset or derivative asset or a combination of these including but not limited to a commodity, a debt issuance, a currency, an equity or a basket or an index of any of these that has a forward (or term) price structure, a forward contract market, an expiration date and can be rolled forward. The security is designed to meet the specific needs of investors and offer unique risk/return characteristics. The exchange traded, structured investment security is based on an asset and is linked through its entitlement to the value or performance of the asset as measured by an index. The asset has a forward price structure, a forward market, an expiration date and is able to be rolled forward into another asset with a later expiry date. In this Invention the asset is rolled into another asset with a later expiry date having the same value as the asset. The value method of this invention differs from prior art where components of a composite index are assigned a fixed percentage of the value of the index at inception and periodic rebalanced to maintain the fixed value of each component in the index.10-01-2009
20090248559Assessment of risk associated with doing business with a party - There is provided a method that includes (a) determining a first risk score that characterizes a party, based on an activity that involves the party, and (b) determining a second risk score that characterizes the party, based on a presented characteristic of the party, if the first risk score exceeds a threshold. There is also provided a system that performs the method, and a storage medium having a program encoded thereon that is executable in a processor to perform the method.10-01-2009
20090248560Assessment of risk associated with doing business with a party - There is provided a method and a system for determining a level of risk associated with doing business with a party. The method includes (a) determining a first risk score that characterizes the party, based on a presented characteristic of the party, (b) determining a second risk score that characterizes the party, based on an activity that involves the party; and (c) determining a resultant risk score that characterizes the party, based on the first and second risk scores. There is also provided a system that performs the method, and a storage medium having a program encoded thereon that is executable in a processor to perform the method.10-01-2009
20090248558Managing Consistent Interfaces for Business Objects Across Heterogeneous Systems - A business object model, which reflects data that is used during a given business transaction, is utilized to generate interfaces. This business object model facilitates commercial transactions by providing consistent interfaces that are suitable for use across industries, across businesses, and across different departments within a business during a business transaction. In some operations, software creates, updates, or otherwise processes information related to a funds management center, an individual material, and/or a measuring device business object.10-01-2009
20090248557METHOD FOR AGGREGATING AND ANALYZING CONSUMER BUSINESS DATA - A method and system of aggregating consumer business data such as transactions between a consumer and a pluralityy of vendors. The method includes receiving a request from a consumer to maintain consumer business data in a data warehouse. An electronic receipt is received from a vendor following conclusion of a transaction between the consumer and the vendor. A report is generated at the request of the consumer. The report is provided to the consumer.10-01-2009
20110225078COMPUTER-AIDED PROCESS FOR INFLATION-IMMUNIZED DERIVATIVES - System and method of making and using, products produced by the method, articles, and necessary intermediates of the foregoing as regards controlling a computer system in computing directed to inflation-immunized derivatives.09-15-2011
20090024508METHOD AND SYSTEM FOR HANDLING METHOD LEVEL PROCESSING IN CONNECTION WITH CARDHOLDER ACCOUNT PROCESSING - A method and system are provided for automatically adjusting individual components of account processing for credit card accounts or other financial accounts based on characteristics and behavior of individual account holders. A first data store holds account data for financial accounts, including the account processing methods and associated method overrides applied to each financial account as well as account history information. A second data store holds decision rules for determining whether to apply a method override to the financial account based on the account history information. A decision engine retrieves the decision rules from the second data store and the account history information from the first data store, then determines, based on the decision rules and the account history information, whether a method override should be applied to the financial account. The decision engine then applies the method override to the financial account.01-22-2009
20090024505Global Risk Administration Method and System - Embodiments of a Global Risk Administration (GRA) method and system include a GRA tool that assists an institution with various decision making processes by enabling the institution to customize the GRA tool to generate decisions based on information input by the institution or a customer of the institution. The GRA tool further accesses third party data sources for the purpose of verifying information and gathering additional information to be used in generating decisions. The data sources are selectable by the institution as an aspect of the customization in an embodiment. In an embodiment, the institution is a financial institution (FI), and customizing the GRA tool involves an FI user assigning attribution rules using, wherein attribution rules comprise characteristics of applicants for financial accounts. The user further creates one or more decision classes using the UI, wherein one or more attribution rules place an applicant in a decision class; and the user creates business rules, wherein a business rule determines a manner in which the GRA module interprets data from the third party data sources.01-22-2009
20090024500System and Method of Transaction Settlement Using Trade Credit - A method and system for settling a transaction with trade credit value which makes use of computer hardware and software, allows Members of a trade credit settlement system to transfer electronic instruments, called trade credits, in exchange for goods and services. These trade credits are effectively electronic bills of exchange that are divisible, transferable, discountable, continuously available and have been credit-enhanced to A/P1 status. Sponsors facilitate the system by registering buyers and suppliers as Members in the system and offering them operational accounts and drawdown accounts with authorized lines of credit. A Member-buyer approves the purchase invoice of a Member-supplier and authorizes the Sponsor to transfer trade credit value from the Member-buyer's operational and/or drawdown account into the operational account of the Member-supplier. The trade credit value received by the Member-supplier can be held in the Member-supplier's operational account until it matures, or discount it to cash before it matures, or transfer it to other Members for the purchase of goods or services.01-22-2009
20090024498Establishing A Financial Market Data Component In A Financial Market Data System - Methods, apparatus, and products are disclosed for establishing a financial market data component in a financial market data system that include: retrieving, by a configuration module from a configuration repository, at least a portion of a global system configuration for a financial market data system, the financial market data system comprising a plurality of financial market data components; identifying, by the configuration module in dependence upon the retrieved portion of the global system configuration, component characteristics of a particular financial market data component in the financial market data system, the component characteristics further comprise a system identifier, a component functional group identifier, and a component business group identifier; and deploying, by the configuration module, the financial market data component in the financial market data system in dependence upon the component characteristics.01-22-2009
20090024503EFFICIENT DEBT-CLEARING SYSTEM AND METHOD - An efficient debt-clearing system and method which is applied to electronic finance is disclosed. Internet technology is utilized to establish a direct-finance fund trading platform, whereby debtors can more efficiently raise funds with a lower cost to clear their debts, particularly the debts of credit cards and fiduciary loans. The efficient debt-clearing system functions as the core in the operation of the entire platform. Firstly, a debtor member submits an application to the platform. The platform analyzes the debt and credit of the debtor member and instructs the debtor to enhance his credit. Next, the platform directs the debtor member to the fund trading module to raise a fund. The fund acquired in fund trading is preferentially used to first clear the existing debt of the debtor member, and the debtor re-pays by installments the fund to the platform.01-22-2009
20090024499DISPLAYS CONTAINING FLAGGED DATA - Tools to provide visibility into a variety of financial transactions, and in particular aspects, financial transactions involving financial cards, such as debit cards and credit cards. Such tools can allow for authorized users (such as executives of card issuers, and the like) to view information about accounts that meet certain criteria. Merely by way of example, a user can select accounts that have undertaken (or attempted) a certain type of transaction and/or have had a transaction denied (such as a denial for improper PIN, exceeding withdrawal and/or spending limits, etc.) and/or view additional information about those accounts.01-22-2009
20090198606REAL TIME FINANCIAL INSTRUMENT IMAGE EXCHANGE SYSTEM AND METHOD - A real time financial instrument image exchange system and method deliver a digital image of a financial instrument (for example, a bank check) very quickly through an image exchange network to a payor institution by promptly forwarding the digital image when it is created at a depositing institution. This may expedite pay or return decisions to be made by payor institutions, which may enable banks to truncate checks, to reduce fraud and its costs, and to facilitate compliance with banking regulations. Such image capture, as well as related data capture, and real-time transfer enable emulation to an item processing system of the payor institution whereby the payor's item processing system processes the image and data as if it did the original capture actually performed at the depositing institution.08-06-2009
20090198604Tracking a participant loss in a virtual world - Embodiments include an apparatus, device, system, computer-program product, and method. In an embodiment, a system includes a virtual world in which a participant may participate. The system also includes a covered-loss detection module operable to identify an occurrence of a defined loss in the virtual world suffered by the participant. The defined loss is described in an agreement that includes an obligation of a protection entity to provide a benefit to the participant upon an occurrence in the virtual world of the defined loss.08-06-2009
20090198602RANKING COMMERCIAL OFFERS BASED ON USER FINANCIAL DATA - One embodiment of the present invention provides a system that ranks commercial offers for a user in a set of users. During operation, the system receives financial data for the set of users, wherein the financial data includes spending data for the set of users across a set of categories. Next, for a given user, the system computes an individual-strength vector based on financial data specific to the given user, wherein each entry in the individual-strength vector represents an amount of spending in a respective category for the given user. The system additionally computes a relative-strength vector for the given user based on the financial data for the set of users, wherein the relative-strength vector represents a relative-spending strength across the set of categories for the given user relative to the set of users. The system then ranks the commercial offers for a user based on both the set of individual-strength vectors and the set of relative-strength vectors for the set of users.08-06-2009
20090063321Alaskan auto trust - The purpose of this invention is to limit the liability of an automobile owner, and to provide a method for securely storing title to automobiles. In order to limit the liability of the automobile owner, the vehicle is placed in a trust. In addition, by placing the vehicle in a trust, the owner is allowed to choose the taxing jurisdiction of the vehicle. The grantor of the Auto Trust can reduce the risk of losing title to the vehicle by housing all titles held in a trust at a centralized, secure, and remote location.03-05-2009
20110145120Presentation and Analysis of Docket Information and Financial Information - Aggregation, analysis, and presentation of financial and docket information in a common interface are described.06-16-2011
20110145122METHOD AND APPARATUS FOR CONSUMER INTERACTION BASED ON SPEND CAPACITY - Share of Wallet (“SoW”) is a modeling approach that utilizes various data sources to provide outputs that describe a consumer's spending capability, tradeline history including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. In addition to credit card companies, SoW outputs may be useful to companies issuing, for example: private label cards, life insurance, on-line brokerages, mutual funds, car sales/leases, hospitals, and home equity lines of credit or loans. “Best customer” models can correlate SoW outputs with various customer groups. A SoW score focusing on a consumer's spending capacity can be used in the same manner as a credit bureau score.06-16-2011
20110145121METHOD AND APPARATUS FOR PROVIDING AND PROCESSING INSTALLMENT PLANS AT A TERMINAL - According to some embodiments, a central controller receives a selection signal. If the selection signal indicates acceptance of any installment plan, use of the accepted installment plan for the financial account is authorized. Thereafter, bills may be generated that reflect installment charges to be paid.06-16-2011
20110145119METHOD FOR STANDARDIZING AND OPTIMIZING FINANCIAL SERVICES WITH THE USE OF ELECTRONIC DATA PROCESSING - A method for standardizing and optimizing financial services with the use of electronic data processing, wherein the personal data of a customer is collected according to a predefined, harmonized data acquisition system, and taking as a basis the scientific findings and the set of standards derived from these scientific findings, the personal requirements are determined in a repeatable manner by means of a computer program, and wherein a needs-based recommendation that is backed by scientific findings is displayed in writing and/or graphically on a display and/or is printed out by a printer.06-16-2011
20110145118ASSET ACQUISITION, MANAGEMENT AND OCCUPATION SYSTEMS AND METHODS - Asset acquisition, management and/or occupation systems and methods are disclosed. One of the methods of acquiring an asset includes a first party approving the asset selected by a second party and the first party purchasing the asset. The method includes the first party and the second party agreeing that the second party has an option or right to purchase, lease, license, or settle or not settle the purchase of the asset from the first party at or before a predetermined time.06-16-2011
20110145117Clearing System That Determines Settlement Prices of Derivatives in Financial Portfolios - Methods, systems and apparatuses are described for credit default swap (CDS) settlement pricing. The method includes receiving at least quoted prices and/or executed prices, and using them to calculate a settlement price of CDSs in a portfolio. The calculation of the settlement price may also consider other information, such as recovery rate, hazard rate function, etc. The invention also may include an electronic trading platform that is fully integrated with a central counterparty clearing facility for CDSs.06-16-2011
20120036056Hedge Fund Risk Management - A computerized method and system for managing risk associated with a Hedge Fund is disclosed. Information relating to Hedge Funds is gathered and stored as data in preparation for a risk inquiry search relating to a Hedge Fund. Documents and sources of information can also be stored. A subscriber, such as a Financial Institution, can submit a Hedge Fund descriptor for which a risk inquiry search can be performed. The risk assessment or inquiry search can include data retrieved resultant to augmented retrieval methods. Scrubbed data as well as augmented data can be transmitted from a risk management clearinghouse to a subscriber or to a proprietary risk system utilized by a subscriber, such as a risk management system maintained in-house. Risk inquiry searches can be automated and made a part of standard operating procedure for any transaction conducted by the subscriber in which a Hedge Fund is involved.02-09-2012
20090083171FIXED PICK-A-PAYMENT - A multiple option loan presentation apparatus and method allows a loan agent to communicate a non-traditional loan product to a customer. Non-traditional mortgage products such as pick-a-payment loans allow a borrower to exchange lower payments during an initial period for higher payments layer in an amortization period. Some borrowers do not want to accepting the risk associated with adjustable rate mortgages (ARMs) for increases in interest rates, but are still desirous of options for reduced monthly payments. Combining fixed rate loans with an option for interest-only or minimum payments allows this flexibility, but places a premium on being able to graphically depict the implications of these choices. Thereby, the borrower can make an informed decision and the loan agent is able to more quickly conclude the transaction. In particular, the minimum payments constraints and changes in amounts can be made more intuitive.03-26-2009
20090083169FINANCIAL OPPORTUNITY INFORMATION OBTAINMENT AND EVALUATION - Often times, smaller financial opportunities are not pursued due to their size. Information concerning financial opportunities is collected automatically and analyzed to determine opportunities that should be pursued. In addition, entities that relate to financial opportunities can make requests to be pursued by a particular body. A decision is made if an analyzing body should pursue the financial opportunity or if it should be referred to another body.03-26-2009
20090083173LOAN ORIGINATION SYSTEM INTERFACE FOR ONLINE LOAN APPLICATION PROCESSING - A loan origination system interface module, methods and computer program products. One computer program product for processing loan application data including instructions to extract loan application data including retrieving identification information for a loan application associated the loan application data from a broker device and displaying on the broker device a list of loan applications available to process in an interface that is consistent with a loan origination computer program associated with the broker device. In response to command input from the broker device selecting a loan application from the list of loan applications, the computer program product includes instructions to reformat loan application data for the selected loan application to a format compatible with that required by a lender device and transmit reformatted loan application data to a lender device.03-26-2009
20090083170PRODUCT AND SERVICE MANIPULATION FOR OPPORTUNITY PURSUIT - When pursing a financial opportunity, certain products and/or services can be used in helping different parties to achieve a related benefit. Since a number of different products and/or services can be available, selection is made to improve a likelihood of success with the financial opportunity. Once there has been an appropriate selection, the products and/or services can be configured to increate a likelihood of success.03-26-2009
20090083168PRODUCTS AND PROCESSES FOR MANAGING REVENUE SHARING - Various techniques of distributing revenue and/or other money, selecting/bonding delivery agents, and performing other tasks are providing herein. Methods include distributing portions of loan payments to one or more referrers associated with one or more loans, bonding of delivery agents, selecting delivery agents, allocating portions of credit card payments and/or sharing advertisement revenue. Other apparatus and methods are disclosed.03-26-2009
20090063317COMPARING A LOCATION DERIVED FROM A PHYSICAL LOCATION TO A LOCATION ASSOCIATED THEREWITH BY A FINANCIAL SYSTEM - Data that describes asset attributes is stored in an asset information repository. One of the attributes corresponds to assets' financial application defined location. A network device is detected that links the assets to a network. Device identifiers, through which the assets link with the network, are identified. The device identifiers are mapped to a physical location associated with the network device. The physical location is used to derive a financial location, which is compared to the financial location defined for the asset by a financial system. Mismatches may be identified and reconciled.03-05-2009
20120078767STAKEHOLDER COLLABORATION - A technique for improving collaboration between relevant parties in a commercial transaction involves sending a timely alert to stakeholders with regard to a presumably fraudulent transaction. A system constructed in accordance with techniques described in this paper can integrate multiple stakeholders and service providers. The system can facilitate alerting stakeholders of a presumably fraudulent transaction and/or enabling stakeholders to alert other stakeholders.03-29-2012
20120078765Instant Financial Account Verification Using Direct Connect Data Communication Protocol And Open Financial Exchange Data-Stream Format - A method for verifying a user's account, e.g., a checking account, at a financial institution, e.g., a bank, includes establishing a direct connection with the bank's account data server over a network, e.g., the Internet, using the Direct Connect peer-to-peer (P2P) file-sharing protocol and the Open Financial Exchange (OFX) data-stream format, sending a request to the account data server for a data file including data that verifies at least the existence and ownership of the user's account, and receiving a response from the account data server of a data file that includes data verifying at least the existence and ownership of the user's account at the financial institution.03-29-2012
20120078764Automatic Identification Of Bill-Pay Clients - A system and method of automatically identifying bill-pay clients eligible for an electronic bill-pay transaction with a customer of a financial institution is presented. The system and method may include identifying, by a bill-pay identification system associated with the financial institution, one or more customers eligible for electronic bill-pay and data associated with the one or more customers, such as a location of the customer, demographic information, home address of the customer, and the like. One or more bill-pay clients may be automatically identified based on bill-pay client being within a predefined distance of the location or address of the customer, a bill-pay relationship with another customer of the financial institution within the predefined distance, received demographic information, etc. In some arrangements, automatic setup of bill-pay transactions between the customer and the identified bill-pay client may be offered to the customer.03-29-2012
20090099947System and method for electronic funds payment - A system and method for electronic payment in a computer payment network. The system comprises a choice engine communicatively connected to a computer payment network for electronically providing a purchaser with an option to select a funding source for a purchase. The funding source is selected pre-purchase, during purchase, post-purchase, or a combination thereof. The founding source is a liquid funding account or a credit vehicle. The purchaser may use a universal payment device to make the purchase.04-16-2009
20090099945METHODS AND SYSTEMS FOR DIRECTORY-BASED PROGRAMMING - A method for integrating assets of an automated system includes defining base services of the automated system. A directory of assets within the automated system is provided. A common name space associated with each asset in the directory is also provided. Each asset in the directory is linked using the common name space. The assets are integrated by extending at least one asset to another asset to perform a base service of the automated system.04-16-2009
20090099946Methods and systems for valuing embedded options - Methods and systems are disclosed for valuing a financial obligation having an embedded option. The method includes determining a value of the embedded option, converting the embedded option value to a target basis representing the yield difference between the financial obligation having the embedded option and a corresponding financial instrument without an embedded option, determining an actual basis between the financial obligation and the corresponding financial instrument; and determining a current value of the financial obligation based on the difference between the target basis and the actual basis.04-16-2009
20080262954GENERATION OF ELECTRONIC NEGOTIABLE INSTRUMENTS USING PREDEFINED ELECTRONIC FILES FOR PROVIDING PROMISE OF PAYMENT - A method for providing an electronic negotiable instrument as a promise for payment for a selected payee over a communications network, the method comprising: generating the electronic negotiable instrument for the selected payee with instrument information from a payor; receiving a specified mode of communication associated with the payee; sending a message to the selected payee over the communications network using the specified mode of communication to inform the payee of the availability of the electronic negotiable instrument; receiving a request over the communications network from the payee for the electronic negotiable instrument; authenticating the payee request and a specified receipt address; and forwarding the electronic negotiable instrument over the communications network to the specified receipt address. The electronic negotiable instrument is capable of being reproduced in a paper form in accordance with predefined standards, such as Check 21 in the United States.10-23-2008
20080262953System and method for remote deposit capture - A system includes one or more remote check deposit locations, and one or more treasury receipt servers to receive check information captured from the one or more remote check deposit locations, and to receive transaction data from an originating depository financial institution (ODFI), the transaction data including an amount of funds available from clearing the captured check information.10-23-2008
20080262952DISPLAYING FINANCIAL INFORMATION BASED ON LOCATION - According to various embodiments of the present invention, geographic information about the location of a user is utilized to select a grouping of additional securities to display to the user. When the user navigates to a portion of a web site related to displaying financial information, a listing of securities that might be interesting to the user may be displayed. As a result, the user is more likely to find out more information relating to one or more of these additional securities, and therefore generate more page views on the system.10-23-2008
20090210335SYSTEM AND METHOD FOR FORMING A FINANCIAL INSTRUMENT INDEXED TO ENTERTAINMENT REVENUE - A method for forming a securities bundle indexed to entertainment revenue includes determining a first funding amount for a first entertainment event. A second funding amount is determined for a second entertainment event. Next, a dividend schedule is determined for the first and second entertainment events. A securities bundle is formed at least partially based on the funding amounts and the dividend schedule, with the securities bundle comprising a first security and a second security. The first security is associated with the first entertainment event and the second security is associated with the second entertainment event.08-20-2009
20090063319SYSTEM AND METHOD FOR MONITORING ACQUISITION CHANNELS - To ensure merchant acquisition compliance, the invention enables creation of merchant selection criteria that are used to query a database of acquired merchants. A set of acquired merchants is randomly compiled based on the selection criteria and is entered into a workflow to determine compliance with a set of rules that are represented by a checklist. A checklist corresponding to the set of acquired merchants is retrieved. The set and the checklist are combined to create a case, which is assigned to a representative. The representative ensures that a merchant acquisition form for each merchant in the set complies with a checklist item. When a merchant acquisition form is found to be non-compliant, then it is either corrected by the representative (if the error is minor), or sent to an acquisition manager (when more substantive errors are found). The acquisition form is then corrected and the case is closed.03-05-2009
20110231295CENTRALIZED CHECK IMAGE STORAGE SYSTEM - Centralized check image storage system. The present invention provides for sharing check images stored in a substantially centralized storage system between and/or among banks in support of the check collection process. In some embodiments, check images are received from the capture bank via a landing zone at the centralized storage facility. These images and information supporting the check collection process can be in the form of load file. A cross-reference file including information supporting the check clearing process such as unique handles identifying the check images is received from a paying bank, possibly also via a landing zone. Check images can be identified based on these unique handles, so that the check images can be made accessible to both the capture bank and the paying bank from the substantially centralized storage system.09-22-2011
20110231294Licensed Electronic Investment Portfolio Management Bidding System - A licensed electronic investment portfolio management bidding system comprises of a website interface allowing an owner of investment portfolios to list their investment portfolio in a directory or post the investment portfolio in an investment marketplace. Approved financial advisors may submit requests to manage an investment portfolio listed or bid on a listed investment portfolio. The portfolio owner awards management to a financial advisor and transfers ownership of the portfolio to a controlling company which grants access to the awarded financial advisor. The present invention allows an investment portfolio owner to place their investment portfolio up to be competed for by financial advisors.09-22-2011
20090106136Apparatus and method for a financial planning faith-based rules database - A method for providing financial management and planning in an electronic device according to various exemplary embodiments can include using a faith-based rules database to determine a financial and life purposed plan for a user; draft a vision statement for the user based on the financial and life purposed plan; establish personal goals and priorities based on the vision statement for the user; compile financial statement and reports for the user based on financial data of the user; generate a stewardship evaluation report that provides an analysis of management of finances by the user based on faith-based financial management rules and the purposed plan; develop financial plans for the user based on results of the stewardship evaluation report; prepare a spending and savings plan for the user to facilitate the financial plans; and iteratively monitoring and revising the steps of determining, drafting, establishing, compiling, generating, developing and preparing financial plans.04-23-2009
20090106135HOME WARRANTY METHOD AND SYSTEM - A method of selling a home includes entering into a contract with a buyer to sell a newly constructed home to the buyer, and entering into a warranty agreement with the buyer. The warranty agreement warrants a majority of the components of the newly constructed home for a time period from the date of the contract, requires the buyer to comply with a maintenance schedule to be verified by periodic inspection, and conditions at least a portion of the warranty on the buyer's compliance with the maintenance schedule. The method may include collecting a transaction cost from the buyer, where the transaction cost includes a cost for the home and a cost for the warranty.04-23-2009
20090106134APPLICANT AUTHENTICATION - A method of authenticating an applicant. A history is obtained of transactions performed on an account held by the applicant and for which the applicant has been previously authenticated. The transaction history includes information about each transaction. The applicant is asked one or more questions relating to the information in the history. Answers to the one or more questions are received from the applicant, and a decision is made based on the received answers and the transaction history whether the applicant is authenticated. The applicant may be applying for enrollment in a service, and enrollment may be accepted or declined based on whether the applicant is authenticated. The account may relate to a payment instrument, and the authentication may be performed by an entity other than the issuer of the payment instrument.04-23-2009
20090106133Method and apparatus for pricing securities - The invention provides computer-implemented techniques and systems for parsimoniously modelling the price or value, expected rate of return or other relevant characteristics of securities issued by, or referenced to, firms (or other assets) by incorporating risk premia such that a range of different securities can be evaluated within a single, unified and coherent framework, thereby leading to significant reduction in the computing resources otherwise required.04-23-2009
20090106139COST RECOVERY BILLING SYSTEM - A cost recovery billing system for a responder department includes a first computer based device having cost recovery billing software operably disposed thereon for purposes of billing a responsible party for an at fault incident. The system electronically receives responsible party incident report data from a responder, searches the responsible party incident report data for cost determinative data, manipulates the cost determinative data to provide cost data and associating the cost data with insurance claim data in order to produce bill data for presentation to an insurance provider.04-23-2009
20090106138Transaction authentication over independent network - A method of authenticating an online transaction over a first network uses 2-factor authentication of the user to defeat hacker attacks. A communication device is registered for use with the method. The communication device is configured to receive messages over a second network independent of the first network. The user is authenticated over the first network using a first factor, such as a username and password, and then initiates the transaction. A request to execute the transaction is received and a one-time password is obtained to be used as a second factor of authentication. The one-time password and details describing the transaction are sent to the communication device over the second network. The one-time password is received from the user over the first network to complete the second factor of authentication.04-23-2009
20090204531FINANCIAL MANAGEMENT AND PROFESSIONAL REFERRAL SOFTWARE - This invention relates generally to software, and more specifically, to systems and methods for providing financial management and professional referral software. In one embodiment, the invention includes a software application that performs the steps of establishing an account for an individual; accepting assets for the individual, the assets being associated with the account; accepting liabilities for the individual, the liabilities being associated with the account; defining goals for the individual, the goals being associated with the account; defining a budget for the individual, the budget being associated with the account; receiving financial transactions for the individual, the financial transactions being associated with the account; reconciling the budget with the financial transactions; reconciling the financial statements with the financial transactions; reconciling the goals; summarizing the budget, financial statements, and goals for the individual; receiving a professional service provider; associating the professional service provider with a trigger event; evaluating any of the budget, financial statements, and the goals to determine whether the trigger event has occurred; and upon occurrence of the trigger event, referring the professional service provider to the individual.08-13-2009
20090204526METHOD AND SYSTEM FOR UTILIZING A FLEXIBLE CASE MODEL FOR COLLECTIONS - A computer-implemented method and system for creating a flexible case model for use in managing collections of multiple accounts of a customer needing collection. Attributes are defined, each of the attributes including a data source, wherein the data source can be inherited or rolled up. Plural different entity models are defined, wherein each of the entity models includes a plurality of the attributes, the different entity models being (i) a finance entity, and (ii) a promise entity which a customer can promise to pay. Plural collection object models are defined, wherein each of the collection object models includes a plurality of the entity models, including a finance entity and a promise entity. Where the plural collection object models sit in a case model hierarchy is defined, wherein a case represents multiple accounts of a customer needing collection.08-13-2009
20090210334SYSTEM AND METHOD FOR PUBLICIZING BUSINESS SERVICES - A system and method for publicizing business services including objective information for use by customers or prospective customers in selecting a service provider, including verified recordings of actual interactions between service providers and their customers. Additional subjective information, rating, comment, or the like may be provided to supplement the objective information, wherein the objective information may allow a user to put the subjective information into context.08-20-2009
20090222370METHOD AND SYSTEM FOR EXCHANGING FINANCIAL-TRANSACTION-RELATED MESSAGES OVER A COMMUNICATIONS NETWORK - At a first functional entity, a financial-transaction-related message destined for a destination associated with a second functional entity is received. The financial-transaction-related message is assessed for compliance with a fundamental message format and, upon assessing that the financial-transaction-related message is not compliant with the fundamental message format, a translation of said financial-transaction-related message into a translated message that is compliant with the fundamental message format is effected and the translated message is released towards said destination. The translated message is then received at the second functional entity, and the translated message is assessed for compliance with a message format that is employed by the destination. Upon assessing that the translated message is not compliant with a message format that is employed by the destination, the translated message is translated into a re-translated message that is compliant with a message format that is employed by the destination.09-03-2009
20090210333MICRO-LICENSING OF COMPOSITE CONTENT - Technologies are described herein for compensating multiple contributing participants in a virtual world. A license associated with a composite content item is received upon a sale, rental, or lease of the composite content item to a purchasing participant in the virtual world. At least a first contributing participant and a second contributing participant are identified in a participant list within the license. Compensation is provided to the first contributing participant and the second contributing participant in accordance with the participant list.08-20-2009
20090254469System for Cash, Expense And Withdrawal Allocation Across Assets and Liabilities to Maximize Net Worth Over a Specified Period - This invention constitutes a method for taking a set of input parameters specifying a person or family's assets, liabilities, income and expenses and computing the optimal amount of cash to withdrawal from each credit source or asset (including liquidation of physical assets, credit card balance transfers, and use of loan sources) and the allocation of expenses and cash flow across assets and liabilities so as to maximize net worth by a particular date. The method consists of computing marginal and average expense and return functions for each asset and liability to do a no-withdrawal monthly optimization from the start month to the target month on which to maximize net worth, then recursively computing optimal withdrawal amounts for each source of capital on specific months, ultimately finding the optimal withdrawal amount for each source on each of these months and returning the optimal allocation of expenses and the resulting income and cash-flow across assets and liabilities. This invention is being applied to an online environment, where the user inputs the necessary details and optimization takes place on the server.10-08-2009
20090222369Fraud Detection System For The Faster Payments System - A computer-based fraud detection system stores extracts of the payment and other activity of the payer as well as the payee by efficiently profiling their accounts, and also stores extracts of the overall global or segmented payment activities. This profile information is then used to effectively capture fraudulent activity. The fraud detection system accepts messages from the payment processing system or from the associated financial institution, and depending on the nature of the message will update its databases, or assess fraud risk by computing a score, or both. If a score is computed, the higher the score, the greater the likelihood that the transaction is fraudulent. Said score is based on automatically determined risky values of variables and is also be automatically scaled using self-calibrating analytics using the captured profile information. In a typical scenario the fraud detection system client sets a “threshold score” above which the transactions are considered suspect enough to be investigated further or to trigger a payment decline outright. The solution is suitable for being installed at a financial institution, on the network, or some other institutional participant of the Faster Payments System (FPS), such as an access service provider to the FPS for corporate clients.09-03-2009
20090222368AUTHOR WEBSITE IN A COMMERCE ENVIRONMENT - A method, system and apparatus of an author website in a commerce environment are disclose. In one embodiment, a method of a merchant site includes creating, through an interaction module of the merchant site, an author website having at least some descriptive content of a literary work that is automatically applied from the merchant site to the author website based on a preference of an author of the literary work, automatically associating a user database of the merchant site to the author website, providing access to the author website from a location adjacent to where the literary work is marketed in the merchant site and providing an interface to enable a patron of the merchant site represented in the user database to communicate with the author of the literary work through at least one of the merchant site and the author website.09-03-2009
20090222367System and Method for the Activation and Use of a Temporary Financial Card - Systems and methods for the activation and use of a temporary financial card are provided. A customer may cause a temporary financial card to be activated and associated with a value, and may give the card to a recipient who may use the temporary financial card to conduct financial transactions.09-03-2009
20090204530BAR CODED MONETARY TRANSACTION SYSTEM AND METHOD - An improved financial transaction device comprising bar-coded information incorporating one of a plurality of algorithmic signatures, the signature being configured to permit at least one party involved in a financial transaction to store pertinent data in a multi-organizational payment tracking database, wherein the signature comprises a payment tracking identifier capable of uniquely referencing a single financial transaction and some of the pertinent data. The transaction may correspond to a format signature which may be in the form of a unique pictographic image representing the arrangement of data on a financial device for comparison against a library or database of signatures for purposes of device recognition.08-13-2009
20090259579SYSTEM AND METHOD FOR TRANSFERRING MONETARY VALUE BETWEEN CURRENCY DOCUMENTS - A system and a method for transferring monetary value between first and second currency documents are provided. The method includes reading a first RFID tag on the first currency document to obtain a first monetary value stored in the first RFID tag, utilizing a first RFID scanning device. The method further includes selecting a transfer value that is less than or equal to the first monetary value, utilizing a first computer. The first computer operably communicates with the first RFID scanning device. The method further includes sending the transfer value from the first computer to a second computer. The method further includes reading a second RFID tag on the second currency document to obtain a second monetary value stored in the second RFID tag, utilizing a second RFID scanning device. The second RFID scanning device operably communicates with the second computer. The method further includes determining a third monetary value for the second currency document, by adding the transfer value to the second monetary value. The method further includes writing the third monetary value to the second RFID tag on the second currency document, utilizing the second RFID scanning device.10-15-2009
20090240614ENTITY VALIDATION FRAMEWORK - A method is provided for validating one entity, say a business or job applicant, for another entity (the requesting entity), say another business, that includes the steps of, classifying the entity type to be validated based on one or more predefined classifiers of an entity, applying one or more validation rules based on the classification for the entity type to produce a validation request, providing a validation request to one or more validation entities that perform at least a portion of the validation in accordance with the validation rules, and providing a validation outcome to the requesting entity that allows the requesting entity to assess the business or job applicant based on the validation rules and the source of the validation outcomes. Such a system and framework allows businesses to perform checks in a more structured and efficient way and allows for the sharing of validation outcomes amongst like entities.09-24-2009
20090240612Life Insurance Cooperative - A business method and computing system for providing a death benefit to a participant having an uninsurable trait. The method collects registration information from the participant, and associates the participant with at least one other participant having the uninsurable trait to form a group of participants. The method receives a funding payment from each participant in the group to create a funding pool for a time period. The method disburses the funding pool to deceased participants in the group who died during the time period, each deceased participant receiving a portion of the funding pool. An amount of the portion of the funding pool for each deceased participant is the death benefit for the deceased participant.09-24-2009
20090240613System and Method for the Automated Brokerage of Financial Instruments - Disclosed herein in a preferred embodiment is an automated financial instrument brokerage system wherein a front end layer interacts with customers to generate activity requests for an intermediate layer. The intermediate layer preferably processes the activity requests and places financial instrument orders on a financial market if appropriate. A backend layer preferably provides data to the intermediate layer for processing activity requests. Multiple heterogeneous front end customer applications may be supported by the same intermediate layer. Further, multiple backend layer applications may interact with the intermediate layer in a manner transparent to the front end layer. Further, scalability can be achieved be partitioning various tasks of the intermediate layer onto separate servers, and more preferably on separate redundant servers. Load balancers may then be used in the intermediate layer to provide distributed access to these servers. Also disclosed herein is a caching technique whereby turnaround time for processing activity requests can be reduced by reducing the number of times that the intermediate layer needs to interact with the backend layer.09-24-2009
20090254468ON-DEMAND VIRTUAL STORAGE CAPACITY - A system, method, and computer program product for providing on-demand storage capacity on a remote storage server to a customer is provided. A virtual array site code is received. The remote storage server is virtually connected to a local storage server of the customer in response to receiving the virtual array site code. A virtual array site object is created on the local storage server corresponding to an array site object on the remote storage server.10-08-2009
20090254467PERSONAL FINANCE PLANNER FOR MOBILE COMMUNICATIONS DEVICE - Disclosed is a method, system, and computer readable medium for managing and tracking personal financial information on a mobile communications device. The cost of an item to be purchased is input into the mobile communications device. The cost is then applied to one or more current financial metrics associated with a user of the mobile communications device. A change in the one or more financial metrics is calculated. The changes in the one or more financial metrics are then presented using a display and/or a speaker.10-08-2009
20100274700System and method for providing extra lines of credit - A system and method for upgrading existing credit cards with additional lines of credit is disclosed. Credit information associated with customers holding credit cards issued by a credit card issuer are analyzed to determine a level of risk associated with each customer. One or more extra line of credit may be established for selected customers based on the determined level of risk associated with each customer. Each extra credit line may be exclusively associated with a selected set of vendors that have a partnership agreement with the credit card issuer. The credit card issuer may allow customers to select vendors to be associated with the extra credit line or may automatically choose vendors for selected customers. Customers with established extra credit lines may purchase goods and/or service directly from vendor sites or at the credit card issuer's web sites. Purchases at selected vendor sites may be automatically applied to a customer's newly established extra credit line. Additionally, a customer may choose to apply purchases to their extra credit lines or their primary line of credit10-28-2010
20090259578Customer exclusive data - A payment device, method, and apparatus configured to store customer exclusive data on to a payment card or payment device.10-15-2009
20100161468SYSTEMS AND METHODS FOR AUTHENTICATING PARTIES ENGAGING IN A FINANCIAL TRANSACTION - A method for authenticating parties engaging in a financial transaction is provided. The parties using a remote input device in communication with a financial transaction payment system. The payment system is coupled to a database. The parties include a customer registered with the payment system. The method includes storing within the database an authentication sound selected by the customer and a unique identifier assigned to the customer, accessing the payment system by the customer using the remote input device to engage in the financial transaction, prompting the customer to input the unique identifier assigned to the customer to authenticate the customer to the payment system, and transmitting the authentication sound from the payment system to the input device for the customer to hear the authentication sound to authenticate the payment system to the customer.06-24-2010
20090259581Financial activity relating to natural peril events - A computer implemented method and system for automatically setting prices of financial products in a financial activity having a plurality of possible outcomes, includes receiving a first request from a participant terminal to purchase a financial product for one of the possible outcomes, i; and electronically computing a price for the requested financial product, in response to the first request, based at least in part on a first formula. In one example, the financial products include contracts in a one-sided market of buyer participants where the outcomes are mutually exclusive and collectively exhaustive10-15-2009
20090259580FINANCIAL MODELING SYSTEMS AND METHODS - Systems and methods for providing financial modeling are provided. A financial modeling method according to the present invention can comprise receiving comprehensive financial data relating to an entity. The financial data can be categorized into a plurality of financial components, which can comprise a protection component, and savings component, and a growth component. An additional step can comprise analyzing the financial data, along with a set of assumptions, to create a financial model based on the plurality of financial components. The method can display a graphical representation of the financial model, and the graphical representation can illustrate an application of one or more of the financial components to the financial data. An update to the financial data or the assumptions can be received and dynamically incorporated into the graphical representation.10-15-2009
20100169203Selecting Variables For A Treatment Optimization Model - A system and method for selecting variables for a treatment optimization model, to determine an optimal treatment from a number of treatments for a financial account, is presented. A number of variables are stored in a storage bin defined in a database, such that each variable has at least N samples. A measure of informativity (inf) is selected for each one of the number of variables. A measure of usefulness (Mu) is selected for each one of the number of variables. An equation (mInf=inf+Mu*coeff) is calculated for each variable in each bin, where the coeff defines a relative general importance of each one of the number of variables, to determine a set of best variables from the storage bins. The optimal treatment is selected based on the set of best variables.07-01-2010
20100161467Personalized lifetime financial planning tool - A networked computer system comprising a user, a website of a bank or a financial institution, and a computer software tool. The computer software tool is accessible on the website of the bank or the financial institution and provides personalized lifetime financial planning to the user based upon financial information of the user along with a life event and a life stage of the user in an interactive computer generated timeline. The timeline comprises a past event, a present event, a future event, or a combination thereof of the user. The tool provides an automated reminder to the user based upon information of the user present in the timeline. The user may be a customer of the bank or the financial institution.06-24-2010
20080215472Variable use advanced messaging system and method - Using a single source money management system customers may automate their committed spending. A money management account and a discretionary fund account are established in response to a customer's request to participate in the system. A financial institution receives money on a periodic basis from a customer's predictable payment system. The money is then deposited/transferred to the money management account, retained in the money management account as required for bill payment, and/or deposited/transferred into the discretionary fund account if it is “excess.” Bills are paid on a customer determined schedule directly from the money management account using the money retained in the money management account. A loan account may also be established in response to a customer's application for a loan account. A financial institution grants a loan for a loan purchase in response to a customer's application for a loan purchase. The system and/or the financial institution handles payment for the loan purchase and repayment of the loan from the loan account from the money management account. The present invention may include a secure internet shopping system that includes a vendor web system and a financial institution web system. Each vendor offers goods and/or services. The financial institution web system permits customer authorization of payment to a selected vendor.09-04-2008
20100161471Method and system for forecasting financial statements and analysis there of - System and method for forecasting financial performance of a firm in the form of a financial statement and analyzing data-defined dependencies among its own line items and between its line items and those of other firms. Inputs comprise financial statements of a given firm and additionally of other firms, as well as macroeconomic data and user-provided forecasts of particular line items. A forecast of the complete or partial financial statement for the given firm is generated. The system and method also provide quantification of data-defined dependences between line items of the same or different firms. Data-defined dependencies are selectively displayed, and users can be interactively navigated through the chains of dependencies. The invention enables users to create alternative forecasts, each corresponding to a user-provided forecast for particular set of line items.06-24-2010
20120197773SYSTEMS AND METHODS FOR PROVIDING POSITION-BASED BUDGETING INFORMATION - Various embodiments include a position-based budgeting system that uses the location of a consumer's mobile device relative to one or more merchants to determine relevant budget information to communicate to the consumer's mobile device. For example, when the consumer and his or her mobile device approach or enter a coffee shop, a budget account name and budget information (e.g., how much has been spent for the month and how much is left in the budget) associated with coffee shop purchases is displayed on the consumer's mobile device. The system may also be configured to display gift card balances associated with a particular merchant when the consumer approaches or enters the merchant's store.08-02-2012
20100217701System and Method for Predicting of Future Transactions in Customers Bank Account - The present invention provides a computer implemented system and method enabling creating of a prediction sheet comprising various types of future predicted monetary transactions in a customer's bank account and a prediction of the futuristic monetary balance in the account at a future date or time-interval. The system enables identifying former periodic transactions in the customer's account, identifying future known transactions, analyzing the data of these identified transactions and creating the prediction sheet therefrom.08-26-2010
20120246044Account and Investment Market Monitoring Tools - Aspects of the present disclosure are directed to a method and system for customers with an account associated with a financial entity to access their accounts and stay on top of one or more financial markets. In accordance with one or more aspects of the present disclosure, customers can review balances, and review holdings. Customers also can stay on top of trades and transactions while still being mobile, e.g., on the go utilizing a handheld computing device. Customers may utilize one or more aspects of the present disclosure to review research reports as well as third-party ratings for potential financial transactions. Customers may receive up-to-the-minute news on one or more financial markets, including real-time quotes, in addition to the ability to see only those research reports, third-party ratings, news on financial markets, and/or particular assets, that the customer has customized.09-27-2012
20100153252PROOF OF MAILING - Methods and systems for providing a proof of mailing service include receiving from a user a designation of a recipient to receive an item to be mailed, and receiving a free-form description of the item. Postage indicia is printed bearing an amount of postage for a mail piece containing the item. In response to the mail piece being processes by a postal authority, a transmission from the postal authority containing a scanned image of the mail piece is received. The recipient is then sent a notification that the item has been mailed, and the notification includes the free-form description of the item and access to the scanned image.06-17-2010
20100241547SYSTEMS AND METHODS FOR DEPOSIT PREDICTIONS BASED UPON MONTE CARLO ANALYSIS - Systems and methods may be provided for deposit prediction based upon an example Monte Carlo analysis. The system and methods may include receiving deposit information associated with a plurality of deposits for a deposit account of a financial institution customer, where the deposit information includes a plurality of deposit amounts, and a respective date associated with each of the plurality of deposit amounts; applying a Monte Carlo analysis to at least a portion of the received deposit information; and identifying, based upon the applied Monte Carlo analysis, a largest total monetary amount that can be expected to be deposited within a time interval according to a predetermined confidence level.09-23-2010
20100217700Mechanism for Providing Real-Time Audio-Based Financial Asset Information - In one embodiment, a mechanism for providing real-time audio-based financial asset information is disclosed. In one embodiment, a method includes receiving a trigger event related to a financial asset from a computer of a user of a financial asset information system while the user is away from the computer, contacting the user via a phone call, and playing an audio signal to the user where a change in sound volume of the audio signal correlates to a deviation of the financial asset from the trigger event.08-26-2010
20100217699AUTOMATICALLY ADDING GRATUITY TO AMOUNT CHARGED IN ELECTRONIC TRANSACTION - A method includes receiving a payment object for payment of a certain amount owed by a first party to a second party. The payment object carries sufficient account information for the payment from an account associated with the payment object. The second party communicates the account information from the payment object and an identification of the second party for receipt by a third party; and receives in return data that is indicative of a gratuity to be charged against the account. The second party prints a document that includes the certain amount owed and the gratuity, as indicated by the data received by the second party, and presents the document for signature by the first party. The printed document preferably includes the total of the amount owed and the gratuity. The payment object may be a credit card, charge card, debit card, rebate card, or stored-value card.08-26-2010
20090076938ACCOUNT PERMANENCE - A system and method for using derived account identifiers. The derived account identifiers are associated with a single permanent account identifier. Each derived account identifier is associated with a communication channel or portable consumer device.03-19-2009
20090076937Method for deriving optimal income stream in intellectual asset transactions - The optimum royalty value of an intellectual asset is calculated using empirical data to determine an expected return on intellectual assets based on company history and industry averages (or medians). The value is calculated by determining the contribution to profit of intangible assets, deleting the contribution of assets other than intellectual assets from this contribution and deriving a base royalty rate from the difference. The contribution to profit of intangible assets may be based on publicly available information or on private company information. The method includes determining the weighted average of cost of capital in order to allocate the profits associated with intellectual assets.03-19-2009
20100235270Apparatus, system and method for a precious coin exchange platform and for valuation and trade of precious coins - An apparatus, system and method for buying and selling interests in at least one coin pool. The apparatus, system and method includes an assessment of at least one coin for inclusion in the at least one coin pool, wherein the at least one coin constitutes legal tender in at least one country, principally precious metals selected from the group of gold, silver, platinum, palladium, and rhodium, an international mintage of less than 10,000, a national mintage limit of at least one of no more than a predetermined threshold mintage and a production limit in a certain timeframe, a non-business strike, a non-bullion, and a proof. The present invention may additionally include a valuing of the at least one coin for a buy in accordance with at least one of a currency exchange value, an award, and a projected value increase, a purchasing of the at least one coin and placing the at least one coin into the at least one pool in accordance with the assessing and the valuing, and an offering of the interests in the coin pool in accordance with said purchasing.09-16-2010
20100223174System for calculating model option settlement prices - A computer implemented system for calculating a cash settlement price for a Model Option Contract, an option contract that confers a contractual right that enables the option holder to force delivery of a cash settlement price that is determined by using a settlement price determination methodology that is specified in the option contract which includes a description of an option pricing model and the input values that will be used to run the option pricing model and determine the contract's cash settlement price.09-02-2010
20100241546PERSONAL FINANCIAL NETWORK - Apparatus and methods for providing a personal financial network service are provided. The method may use an electronic information processing platform. The method may include storing information relating to a first participant account. The method may also include storing information relating to a second participant account. The systems and methods of the invention may further include storing information relating to a group of accounts containing the first participant and the second participant account, wherein first said account and second said account are stored independently of one another.09-23-2010
20090043684Transaction Allocation - Systems and methods of allocating transactions among business objects are described. Allocation is accomplished using a multi-phase process. In a first phase, allocation of the transactions among a set of business objects is attempted. In a subsequent phase, allocation of transactions that were either unallocated, under-allocated, or over-allocated in the first phase is determined. The second phase includes using a set of allocation rules to identify business objects configured to manually determine allocation of the unallocated, under-allocated, or over-allocated transactions. The invention is applicable to a variety of business objects including people, organizations, accounts, tasks, or the like.02-12-2009
20090043681AUTHENTICATION SYSTEM - It is an object of the present invention to achieve both security and convenience in authentication of authentication targets, which is required in various situations. An authentication system of the present invention includes: a receiving unit operable to receive first ID information from a first device, and receive second ID information from a second device; and an authority information generating unit operable to generate authority information having an authority range varying according to the number of pieces of the ID information received by the receiving unit. Accordingly, the range of authority that can be executed can be limited according to the number of pieces of authenticated ID information, and thus both security and convenience can be achieved in authentication of authentication targets, which is required in various situations.02-12-2009
20090043682Real-world profile data for making virtual world contacts - A method and system provides arrangements creating a relationship between a real-world entity and a virtual world environment. A virtual world patron can participate in various virtual world activities and transactions. Feedback may be provided and records kept regarding the virtual world activities and transactions. The virtual world patron may be a possible recipient of a real-world consequence or benefit based on a virtual world occurrence. In some instances confirmation of an awarded real-world benefit may be provided via a communication interconnection. Real-world profile data may be used in connection with promotional activities in a virtual world environment.02-12-2009
20100250422METHODS AND SYSTEMS FOR PROCESSING AND COMMUNICATING FINANCIAL TRANSACTION DATA - Methods and systems are provided for processing the financial information of a client of a financial institution. One method embodiment includes receiving data from an overdraft data source including at least one overdraft occurrence associated with a transaction performed in association with the client; analyzing the overdraft occurrence in an overdraft application to determine a cause and disposition of the overdraft occurrence in connection with the cause of the overdraft occurrence; and, communicating an overdraft report associated with the analyzing step to a manager associated with the client. Additional system and computer-readable medium embodiments of the present methods are also provided. In another aspect of the present methods and systems, historical overdraft issues are analyzed and reported to the management of a financial institution. System and computer-readable medium embodiments of these analysis and reporting methods are also provided.09-30-2010
20100228659RECEIPTS SCANNER AND FINANCIAL ORGANIZER - The system contains a scanner, an apparatus for scanning receipts into a computer and a unique software program which automatically processes, organizes and saves expense information that can be viewed in various formats, namely, tabular statements, pie-charts, etc. The scanner, which accommodates paper of differing sizes, is used to input bills, receipts, bank statements, etc. The scanner is usually connected to a computer through a Universal Serial Bus or a parallel port for easy installation. The software program creates a text file of the scanned data by inclusion of sorting, categories, etc., and automatically saves the information in Quicken Interchange Format, allowing it to be imported into any financial management software for further processing. Each receipt is treated as an individual transaction. Multiple items in the receipt are used to create a “split” transaction with proper customizable categories added. Further, the software also allows for record keeping, budgeting and budget balancing.09-09-2010
20100250418REJECTED CHECKS ENVELOPE AND PROCESS - Embodiments of the invention provide apparatuses and methods for processing rejected checks. Checks that are rejected for deposit at deposit locations are captured on-site. A carrier picking up the rejected checks at the deposit location sorts the rejected checks into envelopes with data recognition markings. The recognition markings on the envelopes help with sorting and identifying the checks as rejected, as well as providing data to associate the rejected checks with a customer or an account. Image files are created for the rejected checks using an image capture system. Data files are created to match-up with the image files. The rejected checks are investigated to populate the data file, in order to determine how to process the rejected checks. The checks are submitted for posting and settlement often before any claims are made by customers for provisional funds for their rejected checks.09-30-2010
20100250419SYSTEMS AND METHODS FOR DETERMINING A TARGET BUDGET ALLOCATION - Systems, methods, and computer program products are provided for a financial institution-implemented budget system that determines and/or recommends a financial institution customer's targeted budget allocation based on current budget allocation, responses to a budget profile questionnaire and/or peer budget allocation data. The budget profile questionnaire is instrumental in understating the spending needs of the customer. Peer budget allocation data takes into account the customer's profile data, such as demographics and the like and allows for the customer to select target budget allocation from amongst national averages or peers in the same residential area.09-30-2010
20100250420SYSTEMS AND METHODS FOR BUDGET GUARDRAILS - Systems, methods, and computer program products are provided for user-configured spending guardrails in a budget tracking system. The use of spending guardrails is instrumental in insuring that the user of the budget tracking system adheres to their assigned budget. By providing for dynamically configurable spending thresholds the user may define, change, suspend or the like spending guardrails as dictated by current circumstances. The configurable nature of the guardrails insures that guardrails are tailored to the needs of the individual user.09-30-2010
20130218736CROSSED MARKET ALERT METHOD FOR OVER-THE-COUNTER (OTC) MARKETS - A method for use in over-the-counter (OTC) financial markets to selectively generate and transmit crossing market alerts to market participants (e.g., market makers or liquidity providers). The method includes providing an alert generation system with a processor executing code to provide a crossing markets module. The method also includes, with the crossing markets module, receiving from a data source a set of market data defining pricing for a financial instrument, such as a bond, credit default swap (CDS) or other swap, or loan. Then, the method includes receiving a quote for the financial instrument from a market maker. The method involves comparing pricing data in the quote with the pricing for the financial instrument defined by the market data to identify a crossing markets event. The method includes generating a crossing markets alert when a set of alert generation rules, including surpassing an economic threshold, are met.08-22-2013
20130218738Integrating Payment Aggregators With E-Commerce Platform - Systems and methods for integrating an e-commerce platform with at least one payment aggregator are provided. The system comprising a processor and a memory coupled to the processor. The memory comprises an integrating module configured to provide a Generic Interface Framework (GIF). The GIF comprises a plurality of configuration files having activity details of a plurality of payment aggregators. The integrating module is further configured to integrate at least one payment aggregator selected from amongst the plurality of payment aggregators with the e-commerce platform based upon the plurality of configuration files.08-22-2013
20100125515Fund management system - A fund management system comprises a banknote and coin handling system which handles a banknote and a coin, a check handling apparatus which handles a check, a lobby deposit handling apparatus which executes a lobby deposit process, a money change handling apparatus which changes the money, and a server which manages the banknote and coin handling system, the check handling apparatus, the lobby deposit handling apparatus, and the money change handling apparatus.05-20-2010
20100114748Predictive advisor system and method for communicating with a user regarding a payment account in a computer network - A networked computer system for communicating with a user about spending associated with a payment account of the user. The system comprises a user, a payment account of the user, a web interface for communicating with the user, and a predictive advisor system. The predictive advisor system comprises a predictive advisor engine for monitoring spending activity related to the payment account and for providing financial and savings advice to the user via the web interface.05-06-2010
20110238548METHOD AND SYSTEM FOR COMPLIANCE HOSTING - A method and system is provided for monitoring mortgagee regulatory compliance using a centralized repository. A centralized repository hosts loan origination software (LOS). The centralized repository can be accessible to a compliance monitor and a mortgagee. The mortgagee records borrower loan information into the centralized repository using the LOS. The compliance monitor retrieves borrower loan information using the LOS. The compliance monitor audits borrower loan information for regulatory compliance. The compliance monitor reports audit results to the mortgagee.09-29-2011
20120246049Transaction Range Comparison For Financial Investigation - Systems and methods for determining the likelihood that a group of transactions may be structured to avoid a limit or reporting requirement, such as a government reporting requirement, are disclosed. The frequency distributions of a customer's transactions for different value ranges are compared to determine whether transactions within a target range occur randomly or at an unexpected level. In another embodiment, the frequency distribution of a customer's transactions is compared to a frequency distribution created by randomly sampling a distribution of similar transactions to determine whether the customer's transactions occur randomly.09-27-2012
20100191636SYSTEM AND METHOD FOR CONTINUOUSLY OFFERED GUARANTEED FUND WITH FULL AND PERMANENT ALLOCATION TO RISKY MARKET INVESTMENTS - Software implemented system has a guarantee valuation engine and methodology that configures a processor with code which enables a fund that is continuously offered and always fully invested in traditional assets that correlate to a benchmark and which is subject to a guarantee with respect to net asset value on a specified future date to be re-priced on a daily basis and to have the effect of such re-pricing in the reported NAV of the fund.07-29-2010
20100191633SYSTEMS AND METHODS FOR FINANCIAL ACCOUNT ACCESS FOR A MOBILE DEVICE VIA A GATEWAY - Systems and methods for providing secure access of at least one of multiple financial account processors to a mobile device and/or facilitating secure financial transactions initiated from a mobile device via a gateway. One method can include receiving a mobile personal identification number (M-PIN) number and Customer Unique Identifier (CUID) from a mobile device and processing the received M-PIN and CUID to identify a Mobile Unique Identifier (MUID). The MUID identifies an account of at least one financial account processor accessible via a gateway, and the mobile device is provided access to the account through the gateway. Prior to providing the mobile device with access to the account, a set of inquiries associated with the identified financial account processor(s) may be presented to the mobile device, and response information from the mobile device to answer the set of inquiries may be verified at the gateway. The mobile device is provided access to the financial account processor after the response information is verified.07-29-2010
20100191632VALUATION OF CONTINGENT FINANCIAL CLAIMS USING DECLARATIVE PROGRAMMING TECHNIQUES - Systems, methods, and computer-readable media are provided relating to computing financial values for contingent claims. A declarative programming language is provided that comprises several primitives. A program according to such a language may combine primitives to create a description of a contingent claim or type of contingent claims. Such a program may be compiled into an executable form and, when executed, may calculate a financial value for a claim. Calculation of the financial value may make use of mathematical models, techniques, or both, including statistical and Monte Carlo methods.07-29-2010
20100191635CONSTANT GROWTH MORTGAGES AND METHODS OF THEIR CALCULATION - Systems, apparatuses and methods are described for Constant Growth Mortgages. Such Constant Growth Mortgages can be used for new purchases, refinances, or loan workouts. If desired, the system can be used to calculated Constant Growth Mortgages which avoid negative amortization throughout the payment stream. Other constraints such as maximum or minimum loan to value ratio, payment as a percentage of current income, or absolute dollar value of payment can also be incorporated. An example system makes use of Constant Growth Mortgages for loan modifications which reduce near term payments while avoiding negative amortization.07-29-2010
20100191634FINANCIAL TRANSACTION MONITORING - Embodiments of the present invention provide systems and methods for monitoring financial transactions. For example, in one embodiment a system includes a communication interface configured to receive information about each transaction of a plurality of transactions. The system includes a memory device having a plurality of keywords and an artificial intelligence application stored therein, the plurality of keywords being associated with a plurality of entities whose transactions are to be specially handled. The system further includes a processor configured to identify a first group of transactions from the plurality of transactions where the information about each transaction of the first group of transactions includes at least one of the plurality of keywords. The processor is further configured to then use the artificial intelligence application to determine that one or more transactions in the first group of transactions are associated with one or more of the plurality of entities.07-29-2010
20090259582System and Method for Trading - The present invention provides a system and method for trading mortgage-backed securities (“MBS”). A system for trading includes a plurality of workstations interconnected by a server. The workstations receive data representing inventories of their MBS pools, which in turn are delivered to the server. The server, in turn, is operable to perform a transaction based on an analysis of the inventory. One type of transaction includes a consolidation of like MBS pools found in different inventories in order to reduce the size of the inventories.10-15-2009
20090198605COMMUNICATION SYSTEM, A METHOD OF INITIATING A TRANSACTION, A BASE STATION AND A TRANSPONDER - A communication system (08-06-2009
20090177568System And Method For Conducting Account Requests Over A Network Using Natural Language - The invention is directed to a system and method for conducting account requests with a financial institution accessible with a client device over a network. An account is established with the financial institution and a user can access the account via the client device. The client device has a user interface that includes a natural language input. A request is input via the natural language input. The inputting step causes network components (e.g., server 07-09-2009
20090204525PAYMENT DEVICE TO ISSUER COMMUNICATION VIA AUTHORIZATION REQUEST - A method includes receiving a transaction authorization request in a server computer. The transaction authorization request is for the purpose of authorizing a payment card account transaction. The method further includes parsing the discretionary data field defined in the transaction authorization request, to receive information regarding a payment device that initiated the payment card account transaction.08-13-2009
20090012889PAYMENT ACCOUNT MONITORING SYSTEM AND METHOD - A network includes an account status system for checking the status of checking accounts used to make payments, and a payment account monitoring system that includes linking files that store, for individual credit card accounts, the account numbers for checking accounts used to pay the credit card accounts. The monitoring system periodically retrieves checking account numbers from the linking files and checks the account numbers at the status system. If a negative status is indicated at the status system, an alert is provided to the credit card company.01-08-2009
20110131121Refinancing Program for an Underwater Loan - A refinancing program for an underwater loan is disclosed. In particular embodiments, a method for refinancing a loan includes determining an original loan value, wherein the original loan value is associated with an original loan secured by a property having a current property value that is less than the original loan value. The method also includes calculating, with a processor, a conforming loan value based, at least in part, on the current property value, wherein the conforming loan value is associated with a conforming loan and the conforming loan value is less than the current property value. The method also includes calculating a shared appreciation mortgage (SAM) loan value based on a numerical difference between the conforming loan value and the original loan value.06-02-2011
20090112747System and Method For Processing Multiple Methods of Payment - Financial transaction data comprising payment on any one of multiple financial transaction types are processed with an adapter layer that receives an incoming data message relating to a financial transaction initiated by a payer and operates on the incoming data message to produce adapted data relating to the financial transaction, and a processor that receives the adapted data and determines transaction routing to direct the adapted data to a processing network module that requests authorization by an issuer, responds to authorization by initiating request for settlement and payment on the financial transaction to a transaction payee, and responds to payee query requests by providing non-payment data to an external payee.04-30-2009
20090112745TECHNIQUE FOR REDUCING PHISHING - Embodiments of a system that performs authentication during a financial transaction are described. During operation, this system asks a prospective customer a subset of questions from a set of questions, where the subset of questions has a probability of being different from those asked while previously or subsequently asking questions of the prospective customer or another prospective customer. Next, the system receives answers to the subset of questions from the prospective customer, thereby confirming that the prospective customer is a customer associated with a financial transaction. Then, the system provides transitory information associated with the financial transaction that, for the customer, uniquely identifies a provider of the financial transaction, thereby completing the authentication.04-30-2009
20090112748TRANSACTION PRODUCT WITH ELECTRICAL CIRCUIT - A transaction product includes an enclosure, an account identifier and an electrical circuit. The enclosure defines an aperture. The account identifier is at least one of connected to or enclosed within the enclosure and links the transaction product to an account or record. The account identifier is machine readable. The electrical circuit includes a flexible circuit member, wherein the flexible circuit member extends through the aperture defined by the enclosure such that a first portion of the flexible circuit member is coupled to an outside surface of the enclosure and a second portion of the flexible circuit member is positioned inside the enclosure. Other cards, products, assemblies and methods of using such cards, products and assemblies are also disclosed.04-30-2009
20090112746METHOD AND APPARATUS FOR MONITORING AND VERIFYING A TRANSFER OF FINANCIAL SETTINGS - One embodiment of the present invention provides a system that monitors and verifies a transfer of financial settings. During operation, the system receives a request to transfer a set of financial settings from an initial account to a destination account. In response to the transfer request, the system transfers the financial settings and then monitors the initial account following the transfer to determine whether any subsequent transactions occur. If so, the system analyzes each subsequent transaction to determine whether the subsequent transaction is associated with the transferred financial settings. By monitoring and analyzing subsequent transactions, the system verifies the success of the transfer.04-30-2009
20080275802SYSTEM AND METHOD FOR A UTILITY FINANCIAL MODEL - A utility financial model involves the setting of a new utility rate after the introduction of a new utility technology that provides immediate capacity relief, reducing the base load capacity and the peak load capacity to electric power providers. The new utility rate is not based solely on performance of the new utility technology but rather based on fixed and variable costs to introduce the new utility technology.11-06-2008
20120143738PUBLIC MARKETS FOR ECONOMIC INDICATORS - The present invention relates to a financial instrument, system and method that enables public trading in spot and forward markets of any Index, and in particular to spot and forward markets for the trading of a Price Index on a Recognized Exchange or Exchanges, using the financial instrument as “good delivery”, without having to create and list managed index funds that invest in the underlying security comprising the subject Index. The invention has been developed primarily for use as a means for creating spot and forward markets for trading of a Price Index on a Recognized Exchange and will be described hereinafter with reference to this application. However, it will be appreciated that the invention is not restricted to this particular field of use.06-07-2012
20110112946System for online lending services via an application service provider network - A method for online lending services with the creation and population of loan applications and other related documents in Portable Document Format (PDF) for subsequent access by applicant and other entities. Consumers use their Web browsers for access and said method includes an Application Service Provider (ASP) architecture, a loan origination site interface, and a secure server facility.05-12-2011
20080228613METHOD AND SYSTEM FOR THE AUTHORIZATION OF AND PAYMENT FOR ELECTRIC CHARGING OF VEHICLES - Methods and systems provide power to a mobile recipient and allow the recipient to pay for the power obtained by having it charged to an account other than the account for the location at which the power is provided.09-18-2008
20100312681ELECTRONIC VALUE EXCHANGE SYSTEM, TERMINAL DEVICE, RECOVERY DEVICE AND METHOD OF EXCHANGING ELECTRONIC VALUE ADOPTABLE THERETO - An electronic value exchange system which includes first and second terminals (12-09-2010
20110112948FINANCIAL PLANNING DOCUMENT AND PROCESS THEREFOR - A computer program that can be installed on a web server to assemble web pages that can be accessed over the Internet by password to prepare financial planning reports for a client. The program takes gross income, subtracts income taxes, subtracts all money put into savings programs, and whatever is left is what the client spends in a given year or month. It further itemizes and subtracts the monthly payments for debt service since these items will be fully amortized or paid off at some point in the future and should not be included in baseline living expenses that will continue through a person's lifetime. The balance left after these calculations are completed represents the individual's current annual living expenses or standard of living that needs to be sustained throughout their lifetime with adjustments for inflation. The program can produce three major reports: (1) an income and expense report; (2) an asset and liability report or balance sheet; and (3) a cash flow report that shows all of items that impact cash flow on a year by year basis throughout the rest of the individual or client's lifetime. If there are cash flow shortfalls in any year, the program uses a two step present value calculation to determine how much the individual would need in a lump sum today or contribute monthly or annually to provide sufficient funds in the year needed to fill the shortfall.05-12-2011
20100318452MULTIPLE LOAN PAYMENT OPTION SALES TOOL - A multiple option loan presentation apparatus and method allows a loan agent to communicate a non-traditional loan product to a customer. Non-traditional mortgage products such as pick-a-payment loans allow a borrower to exchange lower payments during an initial period for higher payments layer in an amortization period. Some borrowers do not want to accepting the risk associated with adjustable rate mortgages (ARMs) for increases in interest rates, but are still desirous of options for reduced monthly payments. Combining fixed rate loans with an option for interest-only or minimum payments allows this flexibility, but places a premium on being able to graphically depict the implications of these choices. Thereby, the borrower can make an informed decision and the loan agent is able to more quickly conclude the transaction. In particular, the minimum payments constraints and changes in amounts can be made more intuitive.12-16-2010
20100318451SYSTEMS AND METHODS FOR ASSET VALUATION - Systems and methods for asset valuation, whole loan processing and inventory management is described. The systems and methods may include modules. An asset valuation tool may use multiple data sources for producing current and predicted future values and historical and intermediate data points on a requested timeline. A loan information pricing tool may perform unlimited volumes of loan program eligibility and multi-variable pricings on a user desktop. A workout activity tracking tool may capture, monitor, measure and report on a loan workout process including direct hosting and integration of the asset valuation tool and the loan information pricing tool. The present invention may offer diverse and competitive modular components as well as an integrated and innovative platform that does not exist in the market.12-16-2010
20090070248METHOD, SYSTEM AND SERVER FOR CHARGING A PREPAID ACCOUNT - The present invention relates to prepaid services in the communication field. A method for charging a prepaid account includes: delivering the available traffic to the NAS based on the available balance of an account shared by the user and other users in response to a successful authentication of a user's access request; and delivering the available traffic to the NAS based on the available balance of the account shared by the user and other users in response to a receipt of an Accounting-Request-Interim message from the NAS. The solution provided by the invention may deliver the available traffic to a user every accounting period so that an account can be used by multiple users concurrently, whereas overdraft does not occur. The present invention also provides a system and an AAA server for charging a prepaid account.03-12-2009
20090070247SYSTEM 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
20090070246Electronic Financial Transaction Routing - Methods and systems for determining a network for settling an electronic transaction at a financial transaction processor is disclosed according to embodiments of the invention. Certain embodiments include receiving a transaction from a merchant. The transaction may includes a bank identification number (BIN) and a geographical state identifier associated the merchant. From the BIN number, the processor can determine if one or more network flags are asserted for the BIN in the network file. If a single network flag is asserted then routing the transaction through a network associated with the network flag. For example, if a state network flag is asserted then routing the transaction through the state associated with the transaction. If a network priority flag is asserted, routing the transaction through associated network. If an issuer priority flag is asserted, routing the transaction through the network associated with the issuer.03-12-2009
20090070245SYSTEM AND METHOD FOR MANAGEMENT AND PROCESSING OF BANKRUPTCY CLAIMS AND PAYMENTS - A system and method provides electronic management and processing of bankruptcy-related claims and payments. The method includes receiving loan servicer data from a loan servicer portfolio. The method also includes receiving trustee data from a repository of trustee information. The method includes comparing one or more data fields related to the claims from the service provider data to corresponding one or more data fields related to the claims from the trustee data and assigning a score to the comparison results for the data fields related to the claims based on one or more business rules. The method includes calculating the total score for the comparison results for the claims, designating the claim as being valid if the total score for the claim is greater or equal to a predetermined value, and designating the claim as being invalid if the total score for the claim is less than a predetermined value.03-12-2009
20090037313System and Method for the Automated Brokerage of Financial Instruments - Disclosed herein in a preferred embodiment is an automated financial instrument brokerage system wherein a front end layer interacts with customers to generate activity requests for an intermediate layer. The intermediate layer preferably processes the activity requests and places financial instrument orders on a financial market if appropriate. A backend layer preferably provides data to the intermediate layer for processing activity requests. Multiple heterogeneous front end customer applications may be supported by the same intermediate layer. Further, multiple backend layer applications may interact with the intermediate layer in a manner transparent to the front end layer. Further, scalability can be achieved be partitioning various tasks of the intermediate layer onto separate servers, and more preferably on separate redundant servers. Load balancers may then be used in the intermediate layer to provide distributed access to these servers. Also disclosed herein is a caching technique whereby turnaround time for processing activity requests can be reduced by reducing the number of times that the intermediate layer needs to interact with the backend layer.02-05-2009
20090037312Investment Method for Incentivizing Economic Development - A method for managing an account to produce tax money for the benefit of a sponsoring entity and a designated beneficiary entity. A beneficiary account is designated into which an owner of an original corpus of funds transfers such funds. The beneficiary account produces a growth and/or income to which no or a reduced or deferred rate of first taxation is applied. A second tax is periodically assessed against all or part of the original corpus of funds. The second tax may be paid to the sponsoring entity or the beneficiary entity or split between both entities.02-05-2009
20090037311 SYSTEM FOR AND A METHOD OF A MULTIFUNCTION TRANSACTION - A system for processing a multifunctional ticket is described. The ticket represents an entry item in both a short-term multiple-entry event and a long-term event. The system comprises: receiving means for receiving a request for a user entry into the short-term multiple-entry event; authorising means for implementing an authorisation event authorising the request, the authorising means being arranged to generate a unique ticket identifier associated with the user entry; first storing means for storing the unique ticket identifier and a timestamp relating to the request authorisation event in a database record relating to a first function of the ticket; identification obtaining means for obtaining owner identifier information relating to an owner of the multifunction ticket independently of the authorisation event; and second storing means for storing the owner identifier information, the unique ticket identifier or an identifier uniquely associated with the ticket identifier and the timestamp or a date associated with the timestamp in a database record relating to a second function of the ticket, wherein the first and second functions are executed on different timescales and the first function relates to the short-term event and the second function relates to the long-term event.02-05-2009
20100250421SYSTEMS AND METHODS FOR DETERMINING THE BUDGET IMPACT OF PURCHASES, POTENTIAL PURCHASES AND COST ADJUSTMENTS - Systems, methods, and computer program products are provided for a dynamic determination of the budget impact on expenditures, such as expenditures, potential expenditures, cost adjustments and the like. Implemented in conjunction with a budget tracking system, the budget impact determiner of the present invention may provide for both short-term budget impact and long-term budget impact. In addition, certain embodiments provide for recognizing recurring expenditures and automatically providing the user with the budget impact of such recurring expenditures.09-30-2010
20090138393SYSTEM AND METHOD FOR DELIVERING FINANCIAL SERVICES - A delivery system and method allow a financial institution to provide financial services to a plurality of remote devices, such as personal computers, personal data assistants, and screen phones. In addition to providing services to these remote devices, the system and method provide services to automatic teller machines (ATMs), external service providers, and internally within the financial institution to staff terminals and to the individual branches of the financial institution. The delivery of financial services is not limited to any particular network but rather may be provided through dial-in access, Internet access, on-line service provider access, or other types of delivery networks. The system is comprised of a set of re-usable global components which are modular and are organized into services sets. By separating the components of the system into independent components, the system and method can be developed and tested on a component level rather than the entire system level, thereby substantially reducing the development and maintenance cycle time. The system and method operate in sessions and, for instance, employ a dialog component for gathering information from a customer, a rule broker component for providing answers to the various legal and regulatory rules in a particular country, a language man component for selecting appropriate language, a transaction executor component for performing transactions, and a presentation manager component for formatting outputs to the customer. The system and method provide state-of-the art interfaces with interface components and support legacy applications with legacy app bridge components. A system management aspect of invention makes use of an agent set that provides a communication mechanism such that managed components of the system can be queried for their status, as well as the concept of instrumentation in which software monitors the hardware devices that are part of the system.05-28-2009
20090138391System and Method for Enhanced Transaction Security - As individuals increasingly engage in different types of transactions they face a growing threat from, possibly among other things, identity theft, financial fraud, information misuse, etc. and the serious consequences or repercussions of same. Leveraging the ubiquitous nature of wireless devices and the popularity of (SMS, MMS, etc.) messaging, an infrastructure that enhances the security of the different types of transactions within which a wireless device user may participate. The infrastructure may optionally leverage the capabilities of a centrally-located Messaging Inter-Carrier Vendor.05-28-2009
20080270279Method and system for automated skip tracing - Automating a skip trace process for identifying contact information for account holders of financial accounts that cannot otherwise be reached. The systems and methods may include the ability to submit skip trace inquiries through a variety of platforms, including electronic mail, formatted file, or directly from a financial account processing system. The systems and methods interact with third party data sources, data aggregators, or data processors to identify potential contact information for the individual. The systems and methods incorporate automated contact campaigns to verify any possible contact information retrieved.10-30-2008
20100332365Financial Instrument Providing a Guaranteed Growth Rate and a Guarantee of Lifetime Payments - A method for providing a financial instrument includes determining an initial account balance associated with a financial instrument based upon an initial deposit amount, wherein the financial instrument includes an account with an account balance that changes over time. The method further includes establishing a first guarantee of a protected value, the protected value including at least an amount based upon the initial account balance growing at a minimum growth rate for a defined period of time or until one or more defined events occur, whichever is sooner; and establishing a second guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of a designated party, wherein the amount comprises a percentage of the protected value at the time of a particular event, provided that the amount may vary based upon withdrawals from the account in excess of a first particular limit.12-30-2010
20110016031SYSTEM AND METHOD FOR PREVENTING FRAUD IN CHECK ORDERS - A system and method for processing paper check orders. The system comprises client storage capable of storing client information including data from previous paper check orders, suspect check order storage capable of storing suspicious order information including data associated with previous improper check orders, an order entry system for inputting order information having order parameters, and a programmable scoring system in communication with the client storage and the suspect order storage. The scoring system is capable of applying scoring rules to score paper check orders and the scoring rules are programmably adjustable for variable weights to the order parameters. The programmable scoring system is capable of comparing input order information to the client information and the suspicious order information and producing a score according to the scoring rules to determine check orders that require further investigation.01-20-2011
20110131122BEHAVIORAL BASELINE SCORING AND RISK SCORING - Embodiments of the present invention relate to systems, apparatus, methods and computer program products for integrated risk management. More specifically, embodiments of the present invention provides for determining one or more behavioral baseline scores, each score associated with one or more behaviors and based at least in part on financial institution data from multiple financial institutions. The behavioral baseline score defines a normal risk or baseline behavior for a customer, a customer segment or customer population. Further, the invention provides for monitoring at least the financial institution data to determine deviations from the behavioral baseline score(s) and generating and initiating communication of risk score alerts and/or behavioral baseline deviation alerts based on predetermined behavioral baseline deviations. Additional embodiments provide for determining a risk score based on risk patterns associated with financial institution data and, in some embodiments, non-financial institution data.06-02-2011
20110029421GRAPHICAL USER INTERFACE RELATED TO NON-STANDARD TRADING OF FINANCIAL INSTRUMENTS - A graphical user interface related to non-standard settlement trading in financial instruments is provided. The graphical user interface preferably includes a selectable portion of a display screen related to a financial instrument and a selectable tab for accessing a selectable portion of the display screen related to one or a plurality of non-standard settlement positions with respect to the financial instrument. In one embodiment of the invention, when the tab is selected, access is provided to the selectable portion of the display screen related to the plurality of non-standard settlement positions.02-03-2011
20110035305Dynamic credit score alteration - A method for providing credit score information for a user to the user is provided. The method comprises offering the user an option to obtain information related to a credit score via a computer networking arrangement. The method further determines credit score information once the option is selected by the user, and providing the credit score information determined to the user via the computer networking arrangement.02-10-2011
20110035304INFORMATION MODEL FOR PROPERTY RECORDS MANAGEMENT - An information model for a party and property records management system includes a legal party role object for maintaining relationships between objects, such as legal party objects and revenue-object objects, within the information model. A legal party object could have several associated objects, such as an identification number object or a legal party communication object.02-10-2011
20110040665FIXED INCOME SECURITIES RATINGS VISUALIZATION - An arrangement is provided for enabling online retail fixed income. A fixed income online retail enabling mechanism analyzes a request received from a user to determine the requested operation related to online retail fixed income. If the request is for visualizing information related to securities in one or more fixed income capital markets, visual representations are constructed using color codes and real value ratings converted from corresponding ratings issued from different sources and presented to the user. If the request is for managing account information, the fixed income online retail enabling mechanism facilitates the needs of managing accounts. If the request is related to conducting a transaction related to fixed income securities, the fixed income online retail enabling mechanism performs operations to trade securities in one or more fixed income capital markets.02-17-2011
20110040664Home Asset Value Enhancement Notes (HAVENs) - Financial instruments to protect the value of residential homes are described. A method for generation of publicly traded notes backed by ownership of single family homes to allow financial markets to provide instruments for investors and home owners to profit from price changes in the value of single family homes. A fraction of the title to the land and dwelling of many single family homes are bundled, separately from that of the traditional mortgages, creating the equivalent of mortgage-backed-securities such as Ginnie Maes, which are marketed to public investors. These securities, herein referred to as home asset value enhancement notes (HAVENs), can be used by individual homeowners as a hedge against any declines in value of their individual homes. They can also be purchased by the general public as a direct investment in the aggregate value of residential real estate. Analogous to exchange traded funds (ETFs), they can be held as long or short positions, and thus are suitable for capitalizing on long-term appreciation in residential housing, or protecting house values over short or intermediate term declines in home prices, as might be done by home builders or individual home owners who are not able to hold the real estate assets over longer periods of time. HAVENs are intended to serve purposes similar to those of commodity contracts available to producers and consumers of commodities other than houses, such as precious metals, agricultural products or livestock. HAVENs differ from traditional insurance, in that no up-front payment is necessary to secure protection; instead a portion of ownership is pledged. In addition, this greatly broadens the public participation and thus spreads the risk. Traditional insurance resources based on homeowner premiums could be overwhelmed in a depression environment, increasing the risk that the homeowner would not be covered for his losses on sale of the property.02-17-2011
20110112950METHOD AND APPARATUS FOR DEVELOPMENT AND USE OF A CREDIT SCORE BASED ON SPEND CAPACITY - Share of Wallet (“SOW”) is a modeling approach that utilizes various data sources to provide outputs that describe a consumers spending capability, tradeline history including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. A SOW score focusing on a consumer's spending capability can be used in the same manner as a credit bureau score.05-12-2011
20100145840CARD MANAGEMENT SYSTEM AND METHOD - A method of registering a credit card user's credit card information by a credit card management organization. A card user accesses the card management computer system in a computer network. The method provides a user interface whereby the user grants authorization to the card management organization to obtain the card user's credit report from a credit reporting bureau. The method further transmits a request for the user's credit report to a credit reporting bureau and automatically downloads the user's credit report when received. The method further parses the credit report to determine a card issuer for each card on the credit report using a database of card issuer aliases. The method then fully or partially automatically registers each card with the user's account in the card management association and then presents the opportunity to the user to review and edit each card.06-10-2010
20110246345FLAT FEE MORTGAGE - Described herein are various apparatuses, methods, and computer program products for providing a mortgage environment that determines a flat fee for a mortgage that includes all lender and third-party fees associated with the mortgage. By providing a mortgage with a flat fee, the process of a borrower obtaining a mortgage from a lender can be easier because the borrower's worries about multiple fees, charges, and other costs can be combined into a single, flat fee. Some embodiments of the invention determine the flat fee based at least partially on analysis of various loan characteristics.10-06-2011
20090063320Electronic Lending System Method and Apparatus for Loan Completion - A method and system for completing on-line electronic installment loan application (03-05-2009
20110087573METHOD AND SYSTEM FOR DYNAMICALLY PRODUCING DETAILED TRADE PAYMENT EXPERIENCE FOR ENHANCING CREDIT EVALUATION - A computer implemented method and system for providing a credit evaluation report, the method comprising: searching a reference file of entities; identifying an entity of interest; determining user specified rules or criteria; selecting at least one relevant trade experience from a database of trade experiences for the entity of interest based upon the user specified rules or criteria, records for comparison to the relevant trade experience, and/or peer groups; and generating the credit evaluation report of the entity of interest based upon the relevant trade experience.04-14-2011
20100228660APPARATUS AND METHODS FOR PROVIDING A NATIONAL PORTAL FOR ELECTRONIC SERVICES - Apparatus and methods for providing a single location where an entity may conduct electronic services over a national portal. The entity includes an employer, a state, an employee, or any other entity. The electronic services include employee obligations, employee garnishments, new hire reporting, communications, call center, exception handling, regulation database, other databases, human resources, search engine, payments, disbursements, and future uses. Future uses includes additional users (e.g., additional entities) or additional uses (e.g., additional services).09-09-2010
20100228658SYSTEM AND METHOD FOR CREDIT REPORTING - A system for providing creditworthiness information based on a credit application, including: at least one database storing a plurality of information elements corresponding to credit information; and at least one server configured to: receive at least one data file including first additional information elements and store the additional data elements in the at least one database using batch processing; receive at least one record including second additional information elements and storing the second additional information elements in the database substantially contemporaneously with their being received; receive creditworthiness requests; automatically query the at least one database including the information elements, first additional information elements and second additional information elements dependently upon the received requests substantially contemporaneously with the requests being received to generate query results; and automatically transmit creditworthiness indicative information based upon the query results substantially contemporaneously with the query results being generated.09-09-2010
20100228656APPARATUS AND METHOD FOR FRAUD PREVENTION - The disclosed method and apparatus combine interactions and transactions in order to detect fraud acts or fraud attempts. In one embodiment, one or more interactions is correlated with one or more transactions, the interactions is and transactions features are combined, and features are extracted from the combined structure. The features are compared against one or more profiles, and a combined risk score is determined for the interactions or transactions. If the risk score exceeds a predetermined threshold, a preventive/corrective action can be taken.09-09-2010
20100114747ON-LINE METHOD AND SYSTEM FOR MONITORING AND REPORTING UNUSED AVAILABLE CREDIT - The present invention generally relates to monitoring and advising consumers of their outstanding credit balance by category of debt (i.e. including, but not limited to, the category of all credit cards, all real estate loans, all automotive loans, all revolving credit loans, etc.) and all minimum payments due by category of debt, and more particularly to an on-line method and system for monitoring and reporting total credit used by category of debt, total minimum payments due by category of debt and total unused available credit by category of debt, and alerting the consumer on a periodic basis via email. Since the credit report is the basis of most credit scores this invention is meant to provide the consumer with debt categories that are used in calculating their credit score, which is critical to future borrowing especially when the borrowing is approved or disapproved based only on the user's credit score.05-06-2010
20110087574METHOD AND APPARATUS FOR IDENTITY THEFT PREVENTION - A system and method issues a credit card or other credit instrument to a user by first obtaining authorization and authentication from the user.04-14-2011
20110087575PERSONAL FINANCE INTEGRATION SYSTEM AND METHOD - An integration device retrieves credit reports, and/or other financial data that is available from one or more credit sources, for consumers and extracts financial account information from the credit reports. The integration device may then format and/or translates the account information into a format that is usable by a particular consumer's personal finance software and communicates the account information to the personal finance software. Accordingly, the personal finance software is provided with information regarding each of a plurality of financial accounts that are associated with the consumer so that the account information may be populated in the personal finance software with minimal effort by the consumer.04-14-2011
20110087572FINANCIAL INSTRUMENT MANAGEMENT USING OBJECT DIFFERENTIATION - Object differentiation used in the context of complex financial instruments and financial instrument management software is described. A computer-implemented method for the management of complex financial instruments using object differentiation is described. A processor may parse a data object stored on a computer-readable storage medium into a plurality of subparts. The data object may represent a single complex financial instrument. An object differentiation key may be retrieved for each of the plurality of subparts. Using at least the retrieved object differentiation keys, a key figure may be generated for each of the plurality of subparts. A list of the plurality of subparts and the generated key figures may be displayed.04-14-2011
20090150273Calculating an index that represents the price of a commodity - An index that represents a price of a commodity paid by a plurality of purchasers is calculated by identifying a first subset of purchasers from the plurality of purchasers. A second subset of purchasers is selected from the first subset of purchasers, prices are obtained from the purchasers that comprise the second subset, and a statistic of the prices is calculated to develop the index.06-11-2009
20120246046SYSTEM AND METHOD FOR USING AN ANALOGY IN THE MANAGEMENT OF ASSETS - A system for categorizing and presenting a user's assets captures a user's asset data, demographic and risk information and maps the user's asset data to a formation of an analogy such as a football analogy. The system then presents the asset data in a graphical representation of the analogy in a format that the user is apt to understand better than raw financial terms. One such analogy is a football game, in which the user's asset data is translated and portrayed/displayed in terms of players in positions within a football formation.09-27-2012
20090240615METHOD AND SYSTEM FOR BANKING USING CODED FORMS - Methods and systems are disclosed which relate to online banking via interface surfaces printed with information and coded data. The coded data, encoded visibly or invisibly, may be queried by an appropriate sensing device. The sensing device communicates with a computer system. Together, the interface surfaces, sensing device and computer system are capable of effecting banking transactions over a network.09-24-2009
20090048956Insurance Premium Finance System & Method - Provided is a system and method for financing insurance policy premiums for an insured unwilling or unable to pay up front the full amount of the insurance premium(s). Critical system and methodology components include eliminating the traditional premium finance company from the process, and establishing a contractual, operational, and financially beneficial relationship between insurance agents and lending institutions (e.g. banks, financial institutions, a lender, or credit unions) identified as premium finance funding companies (PFFCs). The provision of capital, the funding of the policy, and the profit distribution (profit generated from the financing process) are a function of the respective participation of the agent and the PFFC. Servicing of the policy can also be negotiated between the parties. Tools exist (software and otherwise) to assist the PFFC in monitoring agent activities and the management of its capital investments/funding dollars of both the agent and the PFFC.02-19-2009
20090048959SHARE MAP DISPLAY APPARATUS, SHARE MAP DISPLAY SYSTEM, AND PROGRAM FOR THE SAME - Information on the handling records and occupancy status such as of a company carrying financial products in the financial capital market is converted into image data the contents of which can be visually sensibly grasped. A display region forming section (02-19-2009
20090043683Virtual world reversion rights - A method and system provides transactions and arrangements in virtual world environments. A user can participate in transactions to acquire virtual property and related virtual rights. In some implementations, real-world and virtual parties can be involved in possible transfers and/or transfer revocations involving various types of virtual objects and virtual rights.02-12-2009
20100063917METHOD AND SYSTEM FOR DETECTING FRAUD IN A CREDIT CARD TRANSACTION OVER THE INTERNET - A computer-implemented method is disclosed, where first information that is related to a current commercial transaction that is being evaluated for fraud is received, either directly or indirectly, from a consumer through an online service or internet. The computer obtains an internet address from which the first information is received from the consumer. In response to obtaining the internet address, the computer accesses at least one database to obtain a second information on a plurality of commercial transactions that have been previously associated with the internet address from which the first information is received from the consumer. An indication is produced on whether the current commercial transaction is fraudulent based on correlating at least one subset of the second information and at least one subset of the first information.03-11-2010
20100057598SYSTEMS AND METHODS FOR FACILITATING FINANCIAL TRANSACTIONS OVER A NETWORK WITH A GATEWAY ADAPTER - In accordance with one or more embodiments of the present disclosure, a system for facilitating financial transactions over a network includes a first component adapted to communicate with a merchant via a merchant device over the network and a second component adapted to receive a merchant transaction request from the merchant via the merchant device over the network, determine a format of the merchant transaction request, translate the format into a recognizable format, and process the merchant transaction request based on information passed with the merchant transaction request. In one aspect, the merchant transaction request includes information related to a financial transaction between the merchant and a customer purchasing an item from the merchant. In another aspect, format translation provides the capability to easily switch transaction service providers without incurring important integration costs.03-04-2010
20090216673Method and System for Modeling Volatility - A method for determining the implied volatility of a swap option employs intuitive factors to arrive at a close approximation of volatility. The volatility curve is a convex shaped curve which more closely follows real market volatility than previous methods. The slope of the curve is provided by employing a premium model which allows for a correlation between rates and volatility. The convex shaped curve is arrived by assuming a lognormal distribution for the underlying volatility.08-27-2009
20100063916FINANCIAL DOCUMENT PROCESSING SYSTEM - A system for processing deposits and/or withdrawals in a financial institution accepts a plurality of documents, including currency bills, at an input receptacle of a document-processing device, converts the image of at least some of the documents to electronic data representing the image. The currency bills are denominated by the document processing device, and the total value of the bills included in each deposit is accumulated. Whenever the total value of the bills in a deposit exceeds a prescribed value, a report may be generated containing at least an identification of the specified account, the total value of the bills in the deposit, and the serial numbers of the bills. The serial numbers may be extracted from images of the bills.03-11-2010
20100063915PRICING MORTGAGE-BACKED SECURITIES - Systems, methods and computer program products stored on a computer readable medium or media are described for providing pricing of mortgage-backed securities and other financial instruments. Multiple cashflow paths resulting from different interest rate development scenarios are consolidated into a single cashflow path. A continuously compounded interest rate spread (“equivalent cc spread”) corresponding to the option adjusted spread prevailing at the market is determined, as is a relationship between the two. Reformulating computations of option adjusted spreads and prices using an equivalent cc spread and factoring out assumption changes approximates individual cashflow path and interest rate path calculations and allows use of consolidated cashflows calculations as a very good approximation. In some embodiments, the consolidated cashflow and the relationship between two spreads is employed to compute the value of the financial instrument, as a very good approximation, at a later time, so that the price reflects changes in the market yield curve and the option adjusted spread. For example, interest rate paths, cashflow paths, consolidated cashflow paths, discount factors and the equivalent cc spread are computed at market close, and only the consolidated cashflow paths, discount factors and the equivalent cc spread (and not the interest rate paths and cashflow paths) are stored for later on-demand use when the discount factors are adjusted to reflect the then current market environment.03-11-2010
20100063914Financial management system - A web based financial management system, allowing access to personal financial data through a web browser to server based software. The system supports access of data from the web from financial institutions such as credit cards, lenders, banks, and service providers, such as utilities. An important feature is a cash flow management system that allows for detailed future projections based on both historical, and both recurring and non-recurring future known and estimated transactions. A unique discussion element allows for focused discussed of specific elements of the financial schedule with collaborators.03-11-2010
20110178911High Speed Processing of Financial Information Using FPGA Devices - Methods and systems for processing financial market data using reconfigurable logic are disclosed. Various functional operations to be performed on the financial market data can be implemented in firmware pipelines to accelerate the speed of processing. Also, a combination of software logic and firmware logic can be used to efficiently control and manage the high speed flow of financial market data to and from the reconfigurable logic.07-21-2011
20100057599METHOD FOR BUSINESS ON-LINE ACCOUNT OPENING WITH EARLY WARNING SYSTEM - A method for a business customer interfacing with a financial institution through a computer network is presented. The method includes an early warning evaluation of the customer and/or entities associated with the customer to identify fraudster/abusers and prevent them from opening online accounts at the financial institution.03-04-2010
20080255975SYSTEMS AND METHODS FOR DETERMINING THIN-FILE RECORDS AND DETERMINING THIN-FILE RISK LEVELS - In some embodiments, systems and methods are disclosed for generating filters to determine whether a consumer is likely to have a scoreable credit record based on non-credit data, and to determine a potential risk level associated with an unscoreable credit record based on non-credit data. Existing scoreable and unscoreable records are compared to determine factors correlated with having an unscoreable record, and a multi-level filter is developed. Unscoreable records having at least one entry are compared to determine whether they are “good” or “bad” risks, factors correlated with either condition are determined, and a filter is developed. The filters can be applied to records comprising demographic data to determine consumers that are likely to have unscoreable records but represent good risks.10-16-2008
20100070398SYSTEM AND METHOD FOR COMBINED ANALYSIS OF PAID AND INCURRED LOSSES - A method for combined analysis of paid and incurred losses, includes defining a first data array of a plurality of payments as paid losses, defining a second data array of a plurality of reserves as incurred losses, each of the plurality of the payments and the plurality of reserves having a multivariate normal distribution and joining the first data array and the second data array as a joint dataset, under a condition of equality of payments and reserves for a predetermined loss period.03-18-2010
20100241548Method for Providing Access to Funds for Small and Medium Sized Enterprises - Disclosed is a method for providing access to funds to at least one Small and Medium sized Enterprise (SME) of a plurality of SMEs. Each SME is associated with at least one enterprise sector. One or more fund requests are received for obtaining the funds from a corpus of funds. Each fund request of the one or more fund requests is associated with an SME of the plurality of SMEs. The corpus of funds includes investments from a plurality of investors. The plurality of investors includes public entities and private entities. Further, the one or more fund requests are reviewed based on a pre-defined framework. Furthermore, the at least one SME of SMEs associated with the one or more fund requests is shortlisted based on the review. An SME of the shortlisted SMEs is provided access to a fund from the corpus of funds.09-23-2010
20110099099SYSTEM AND METHOD FOR VALIDATING COLLATERAL - The invention consists of a method for real-time registration of collateral for a loan, comprising: a) inputting collateral information into a form; b) verifying the collateral information in the form via a self-checking algorithm; c) submitting the collateral information to a registration service; and d) providing confirmation that the collateral information was recorded with the registration service.04-28-2011
20110099098SYSTEM FOR MANAGING AND REPORTING FINANCIAL ACCOUNT ACTIVITY - A system for managing and reporting financial account activity to detect unauthorized access and prevent fraudulent transactions. The system processes checking and credit activities for a plurality of subscribers and provides notifications to subscribers based on the predetermined conditions and preferred communication options established by the subscribers.04-28-2011
20110153482Method Of Providing Financial Planning Services - There is provided a streamlined method of providing personal, financial advice on an ongoing basis, wherein a financial planning year of a financial advisor and a plurality of clients is partitioned into predetermined and distinct portions having a predetermined, specific topic or group of topics which is the focus of each. It is contemplated within the scope of the method that the office resources of the financial advisor are devoted substantially exclusively to predetermined financial planning topics during each predetermined portion of the financial planning year such that the financial planning year of an advisor's office and each of a plurality of clients is substantially synchronized. The preferred method includes a financial planning year comprising first, second, third and fourth quarter portions, wherein during each quarter there occurs a meeting between an advisor and each of a plurality of clients the focus of which is the predetermined, specific topic pre-selected for the corresponding first, second, third and fourth quarter, respectively.06-23-2011
20100241545MASTER FINANCIAL ACCOUNT - Apparatus and methods for configuring a master financial account providing comprehensive access to financial services are provided. A master account may be configured for a customer of a financial institution. The master account holder may build a customized array of financial services which may be accessed and managed through the master account. Benefits associated with use of a sub-account may accrue collectively in the master account.09-23-2010
20110060671METHOD AND SYSTEM FOR AN INTEGRATED APPROACH TO COLLECTIONS CYCLE OPTIMIZATION - Methods and systems are provided for an integrated approach to collections cycle optimization including optimizing personnel, communications, and collection resolutions, resulting in reducing the variability of the collections cycle, reducing instances of foreclosure in collections, while increasing borrower satisfaction with the collections process. Candidate loan officers are selected based on behavioral attributes, personnel history, and human resources information, among other factors. Scripts that improve the effectiveness of communication between loan collection staff and borrowers are generated. An optimized collection program to best suit the needs of a particular borrower is determined.03-10-2011
20110071933System For Surveillance Of Financial Data - A system and method is disclosed for surveillance of financial data, comprising initiating a financial data surveillance module executable on a processor of a financial data surveillance computer system. Source data is retrieved from one or more data sources of a remote data server on which the source data is stored, the source data including transactions for a specific date and identification of the entity and account that each transaction is associated with. A metrics summary packet is generated for a particular account and the specific date, the metrics summary packet including one or more transaction classifiables that satisfy a predefined set of metric definition rules. A subjects packet is generated for the particular account that identifies the entities associated with the particular account, and a subjects-metrics packet is generated for the particular account by combining subject classifiables and metric classifiables within the subjects packet and metric summary packet. An aggregation packet is generated for an entity associated with the particular account, the aggregation packet including subject and metric classifiables of the subjects-metrics packet that satisfy a predefined set of aggregation rules. An evaluation score is generated for the entity by passing classifiables of the aggregation packet through a rules engine including a predefined set of scenario rules to determine if the aggregation classifiables are indicative of suspicious financial activity. A work item is generated if the evaluation score is indicative of suspicious financial activity.03-24-2011
20120303505CREDIT SCORE AND SCORECARD DEVELOPMENT - Share of Wallet (“SOW”) is a modeling approach that utilizes various data sources to provide outputs that describe a consumers spending capability, tradeline history including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. The outputs can be used as attributes to consider in developing a credit bureau scorecard.11-29-2012
20120303504Market value matrix - An automated method, computer program product and system for using artificial intelligence based cognitive learning methods to measure and manage value for an organization on a continual basis. The elements of value, external factors and segments of value of the organization are analyzed and modeled using predictive models that are developed by learning from the data associated with said organization. Scenarios of both normal and extreme situations are also developed by learning from the data. The scenarios are then used to drive simulations of the predictive models. The output from these simulations are then used to calculate a risk adjusted value for the elements of value, the items within each element of value, the external factors and the items within each external factor. The optimal mix of changes to the element of value items and external factor items is also identified and presented to the user.11-29-2012
20120303503Systems and Methods for Tokenizing Financial Information - Embodiments of the invention can provide systems and methods for tokenizing financial information associated with mobile device transactions. According to one example embodiment of the invention, a method for providing tokens to devices can be provided. The method can include receiving, from a device, a request for a token to represent financial information; identifying, in response to the request, token information associated with the token; providing at least a portion of the token information to the device; and providing the token to a third party entity, wherein the third party entity utilizes the received token to evaluate a second token subsequently received from one of the device or a user of the device.11-29-2012
20120303502USER COMMUNICATION DEVICE BASED CARD PRESENCE MONITORING AND ACCOUNT STATUS CONTROL - A sensor of a communication device detects whether a card associated with an account is present within a range. Responsive to the communication device detecting the card is outside the range of the sensor longer than a user specified time limit, the communication device sends a first communication to an account provider system via a network for the card to automatically place an account associated with the card on hold, wherein the account provider system blocks transactions to the account when the account is placed on hold. Responsive to the communication device detecting the card return within the range of the sensor, the communication device sends a second communication to the account provider system via the network to automatically reactivate the account associated with the card, wherein the account provider system allows transactions to the account when the account is reactivated.11-29-2012
20120303501Method and Apparatus for Reference Data Scrubbing - A system, medium storing processor-executable process steps, method and apparatus for supporting a derivative transaction, the method including receiving data identifying a reference entity participating in the derivative transaction; receiving data identifying at least a first reference obligation associated with the derivative transaction; identifying a contractual relationship between the reference entity and the at least first reference obligation; and generating a data record associated with the derivative transaction, the data record including the data identifying said reference entity, the data identifying the at least first reference obligation, and data identifying said contractual relationship, wherein the data record is verified as accurate as of an issue date of the derivative transaction.11-29-2012
20120303500Method and System for Preparing a Transfer Document - A system and method of preparing a transfer document for a client to transfer services provided by counterparties that require recurring transactions using a first account to use a second account is provided. A cashflow analysis for the first account and a cashflow analysis for the second account are performed to determine for each counterparty and each service the desired date to effect the transfer to avoid undesirable cashflow spikes or interruptions in both accounts. A transfer document for transferring services requiring recurring transactions for each counterparty is electronically generated via at least one computer. Each transfer document identifies at least the service to be transferred, the client, the second account, the desired date for the transfer and proof of authorization from the client. A replica of an account document selected according to the service being transferred and the second account is included on the transfer document.11-29-2012
20110060672METHOD OF ON-LINE CREDIT INFORMATION MONITORING AND CONTROL - The invention is a method of on-line credit information monitoring and control. In detail, the method includes the steps of. 1) accessing the credit information by means of a computer system in a computer network; 2) providing the information to the individual by means of the computer system in the computer network; 3) providing for the individual to request changes in the information; and 4) informing the individual of the completion of the changes in the information.03-10-2011
20110055066System and Method for Enabling Financial Planning - A system and method for financial planning are provided. The system includes a financial planning engine, storage, a client database, and a set of pre-defined components. The financial planning engine generates financial plans. The client database is maintained in the storage and stores client data. The client data includes personal data and client parameters. The set of pre-defined components is stored in the storage. The components include a set of controls for communicating data with the client database, and for presenting outputs from the financial planning engine. The pre-defined components are designed to be included in a financial planning interface. The financial planning engine has a set of pre-defined function objects. Each of the function objects corresponds to one of the components and is used by the financial planning engine for handling communication with the one component.03-03-2011
20110258096LOAN MANAGEMENT SYSTEM AND METHOD - A loan management system and method includes an alternative repayment amortization method. Each installment on repayment of the loan includes an equal fixed principal repayment amount and an interest amount. The equal fixed principal repayment amount is based on the amount of the loan and the number of installments to be paid over the life of the loan. The interest due for each installment is based on the interest rate and the amount of outstanding principal at the time a given installment is due.10-20-2011
20120123922STORED VALUE EXCHANGE METHOD AND APPARATUS - An apparatus and method for exchanging one form of stored value for another form of value. In one embodiment, a method for exchanging stored value for an alternative form of value comprises sending stored value account information relating to the stored value to at least a first value provider, receiving a first offer to exchange the stored value for an alternative form of value, the first offer originating from the first value provider. A supplemental offer is received in addition to the first offer, the supplemental offer adding a second form of value to the alternative from of value, the supplemental offer originating from a second value provider. A user may then accept the first offer and the supplemental offer and exchange the stored value for the first and second forms of value.05-17-2012
20100280935System and Method for Creating and Managing Financially-Related Goals - The invention provides computer-implemented behavioral science systems and methods for creating, managing, tracking, incentivizing, and/or reaching one or more financial health goals. The invention may include a software application supported by one or more computing devices that enables a website or other user interfaces that facilitate, inter alia, creation of financial goals, monitoring of financial goals, updating created goals for specific individuals using complex behavior modeling, and incentive structures based on behavioral science tailored and individualized for participants.11-04-2010
20100114746GENERATING AN ALERT BASED ON ABSENCE OF A GIVEN PERSON IN A TRANSACTION - Techniques for generating an alert based on absence of a given person in a transaction are provided. The techniques include monitoring, via video, a transaction, wherein the transaction includes presence of a given person in the transaction, relating the video of the transaction to a corresponding portion of a transaction log (TLOG), using the video and corresponding portion of the TLOG to detect if the given person in the transaction is present, and generating an alert if the given person is not present at the transaction.05-06-2010
20110161218CREDIT REPORTING INTERFACE - A system and method for providing, in real time via the Internet, the exchange of credit information pertaining to assessing credit worthiness of a business. The exchange is an electronic inquiry, delivery, or reporting of credit information from individuals or companies to be accessed via Internet by a user community. In a preferred embodiment, the system includes a web site that, by using a web browser, allows clients to assess credit worthiness by accessing credit information in real time from a business, or provide credit data about a business by entering credit data in a web browser-supported format. The data is encrypted using means for secure transmission, such as a web browser, and then sent to at least one web application executed by web server software. The web server software coordinates and displays the credit data and allows for easy access by the user community, through a web browser, and displayed in an easily read format.06-30-2011
20100262526Method of Goal Analysis - The present invention relates to a computer-implemented method of analyzing a person's goals in light of their motivations and aspirations for the purposes of identifying relevant financial goals for the person. This is achieved by a person answering questions to provide data and processing the data in a statistically meaningful manner to identify actions and activities that support the achievement of the relevant financial goals. From the actions and activities, a financial plan can be formed setting out when, where, what and who will carry out the actions to progress the financial goals.10-14-2010
20100262525SOFTWARE SYSTEM FOR FACILITATING USER CREATION OF A LIFE TRUST - A software-implemented system and method are disclosed for enabling user creation of an irrevocable life trust for a child with little or no help from an attorney. The method includes promotion of life trusts, and of the possibility of self-created and self-administered life trusts. The user completes a software-presented template, which is used to provide documents that can be executed to establish a life trust. The software focuses exclusively on life trust creation, thereby minimizing its cost and complexity. In preferred embodiments, administration of the life trust is aided by supporting materials, thereby avoiding long-term software support and upgrade costs. Some embodiments enable a user to invest life trust funds in a tax-deferred annuity without losing the annuity's tax-deferred status. Preferred embodiments include software usage limiting features, such as password protection, watermarks, background shading and other duplication inhibiting features, as well as local and/or remote tracking of template usage.10-14-2010
20110153481SYSTEM AND METHOD FOR MANAGING FINANCIAL ACCOUNTS AND COMPARING COMPETITIVE GOODS AND/OR SERVICES RENDERED THERETO - A system and method is presented for comparing competitive goods and/or services. The method including steps of receiving, by a processor, first pricing schedule information including fees assessed for providing the goods and/or services to a customer by a first institution, and determining fees incurred by one or more accounts maintained by the customer during a predetermined time period at the first institution per the first pricing schedule information. The method also includes receiving a second pricing schedule information including fees assessed for providing the goods and/or services to the customer by a second institution, and determining fees incurred by the accounts at the second institution per the second pricing schedule information. The method compares the fees determined for maintaining the more accounts at the first institution and at the second institution, and presents a report to the customer including the comparison of the fees.06-23-2011
20080243663Route Planning and Commodity Cost Estimating System - The present invention is a travel planning system including a commodity cost forecasting component and a route planning component that can be utilized in conjunction with one another to provide a commodity cost optimized route between locations supplied by a user of the system. The commodity cost forecasting component utilizes a suitable algorithm and current commodity cost information to provide an estimate of commodity costs at locations along an optimized route provided by the route planning component to travel between the point of origin and the destination supplied by the user to the system. The system also enables a user to determine the estimated commodity cost at a selected location, separately from planning a travel route to or from that location.10-02-2008
20080243659ELECTRIC STATEMENT PREVIEWING SYSTEM AND METHOD - A system for preparing and delivering credit card statements to cardholders is operated by a credit card processing entity, and includes a statement processing system and a statement preview system. Statements are previewed by a card issuer after providing statement selection criteria to the preview system. After any requested corrections are made to the previewed statements, the statements have encryption and delivery options applied, and are then electronically transmitted to cardholders.10-02-2008
20080243662System and method for electronic contracting - A system and method for generating, executing and maintaining electronic contracts in connection with indirect financing transactions involving an acquisition by a customer of an asset offered by a vendor with financing provided by an independent finance source. In one example embodiment, the system includes an e-contracting application that generates an electronic contract based on the one or more contract templates provided by the finance source and information provided by the customer. The e-contracting application provides the generated contract to one or more contracting parties, including the customer, the vendor and the finance source. The application then receives one or more holographic signatures indicating execution of the contract by the contracting parties and generate an e-contract package by digitally signing each one of the electronic contract and the one or more holographic signatures using one or more digital signatures. The application then stores in a database the digitally signed e-contract package and one or more digital certificates associated with one or more digital signatures.10-02-2008
20080243660METHOD AND SYSTEM FOR FORECASTING USING AN ONLINE ANALYTICAL PROCESSING DATABASE - A method (and system) for providing a forecast, the method including providing a multi-dimensional database storing data at a lowest level in a first dimension, calculating a first forecast at a level that is higher than the lowest level of a first dimension in the database, calculating a forecast for each category within the lowest level of the first dimension, aggregating a second forecast across all categories at the lowest level of the first dimension based upon an aggregation of the calculated forecasts for each category within the lowest level of the first dimension, determining a difference between the first forecast and the second forecast, and storing the difference in a dummy category at the lowest level of the first dimension.10-02-2008
20090144184Communication regarding aspects of a dispensed consumable composition - Methods and systems for programmed dispensation of consumable compositions are provided.06-04-2009
20090119194SYSTEM AND METHOD FOR FACILITATING A SECURED FINANCIAL TRANSACTION USING AN ALTERNATE SHIPPING ADDRESS - The disclosed system enables merchants to ship products to a predefined address that may or may not be an account holder's billing address. The account holder may define one or more alias identifiers that correspond to a predefined shipping address. The predefined shipping address is stored with a corresponding alias identifier. A merchant order form includes a field to accept an alias identifier, such that when the order form is submitted to the merchant and the merchant prepares a purchase authorization request, the alias identifier is included in the request. The credit account issuer receives the payment authorization request and extracts the alias identifier, which is used to locate a matching stored alias identifier. A shipping address corresponding to the stored alias identifier is retrieved and returned to the merchant with an authorization message.05-07-2009
20080275805Method for valuing forwards, futures and options on real estate - A system and method for matching buy and sell orders is provided. A daily cash index of real estate values for a local region is maintained and a trading instrument representative of an interest in real estate in the local region is created. In this regard, a cash settlement of the trading instrument is a function of the daily cash index on the date of said cash settlement. In addition, a plurality of buy orders relating to the instrument are generated; a plurality of sell orders relating to the instrument are generated; and the buy and sell orders are matched to determine a purchase and sale of the instrument.11-06-2008
20110178912High Speed Processing of Financial Information Using FPGA Devices - A high speed apparatus and method for processing a plurality of financial market data messages are disclosed. With respect to an exemplary embodiment, a reconfigurable logic device is employed to (1) receive the financial market data messages, and (2) process each received financial market data message to update a stored record for the financial instrument associated with that message.07-21-2011
20110258098LOAN MANAGEMENT SYSTEM AND METHOD - A loan management system and method includes an alternative repayment amortization method. Each installment on repayment of the loan includes an equal fixed principal repayment amount and an interest amount. The equal fixed principal repayment amount is based on the amount of the loan and the number of installments to be paid over the life of the loan. The interest due for each installment is based on the interest rate and the amount of outstanding principal at the time a given installment is due.10-20-2011
20120203680SYSTEM FOR AUTOMATICALLY TRANSFERRING ACCOUNT INFORMATION, SUCH AS INFORMATION REGARDING A FINANCIAL SERVICES ACCOUNT - A system for transferring a customer's account information from one account to a new account is described. The system utilizes a switch kit application and associated system that can determine services at the old account and facilitate the transfer of these services to the new account.08-09-2012
20120203679IDENTITY-BASED TRANSACTION DECISIONING FOR ONLINE FINANCIAL TRANSACTIONS - Embodiments of the invention provide for identity-based transaction decisioning of online financial transactions, such as account opening transactions and the like. The embodiments herein described accurately prevent fraudulent transactions from occurring, such as preventing accounts from being opened by individuals who present an identity risk and efficiently identify such risky applicants early in an automated decisioning process so as to limits costs incurred by manual or more involved processing. Specific embodiments provide for determining a transaction decision based on applying business rules to potential fraud indicators. In other embodiments of the invention, a decisioning score is determined that takes into account the application of predetermined business rules to potential fraud indicators.08-09-2012
20110131124Report Generator For Allowing A Financial Entity To Monitor Securities Class Action Lawsuits And Potential Monetary Claims Resulting Therefrom - Reports are automatically created of securities class action lawsuits customized to show potential monetary claims resulting from the lawsuits for securities purchased or acquired by one or more financial entities. To produce the reports, a database of securities class action lawsuits is maintained. The lawsuit database includes a subset of securities class action lawsuits that are deemed to be noteworthy by the entity that administers the system. A comparison is made for each financial entity of transaction activity of the financial entity with records in the database subset of securities class action lawsuits to identify any securities purchased or acquired by the financial entity that are associated with a securities class action lawsuit in the lawsuit database and which may provide a potential monetary claim for the financial entity. A report is then created for each financial entity showing the noteworthy lawsuits. For the lawsuits that were identified as providing a potential monetary claim for the financial entity and which are deemed to be noteworthy, the report includes the potential monetary claim for the financial entity based on the transaction activity of the financial entity. A similar process occurs for creating a watchlist report of securities class action lawsuits of interest to financial entities customized to show potential monetary claims resulting from the lawsuits for securities purchased or acquired by one or more financial entities.06-02-2011
20110131123COMPREHENSIVE SUSPICIOUS ACTIVITY MONITORING AND ALERT SYSTEM - Embodiments of the present invention relate to systems, apparatus, methods and computer program products for integrated risk management. More specifically, embodiments of the present invention provide for monitoring financial institution data from a plurality of financial institutions, including transactional data associated with multiple products and channels, to identify suspicious activity potentially associated with identity theft incidents and, in specific embodiments, communicate suspicious activity and/or identity theft alerts and/or reports in response to identifying the suspicious activities and/or confirming an identity theft incident associated with the suspicious activity. In further embodiments, the monitored financial institution may include one or more, and in some embodiments all of, account data, asset data, liability data, negative file data, customer data, device data, credit data, or biometric data. In addition, in certain embodiments, the monitored data may include non-financial institution data.06-02-2011
20080255979WELLNESS PROGRAM MANAGEMENT AND INTEGRATION WITH PAYROLL VENDOR SYSTEMS - A computer implemented method is disclosed for receiving employee usage information associated with at least one employee's usage of a wellness program. A status level associated with the at least one employee for the wellness program is determined based on the employee usage information. A status level indicates a degree of participation in the wellness program. A data set is created comprising at least the status level associated with the at least one employee. The data set is in a format acceptable by a payroll vendor without conversion of the data set. The data set is then sent to an employer of the at least one employee.10-16-2008
20080255981Method for securing card transaction by using mobile device - A method for securing card transaction by using mobile device is a method of personal card transaction added with a mechanism of mobile device so that it is capable of preventing the card from being embezzled and counterfeited effectively. Hence, it is possible for the card proprietor to place more trust in the safety of card transaction.10-16-2008
20080255977Systems and Methods to Facilitate Searches via Social Network - Methods and apparatuses to search listings using a social network. One embodiment includes: receiving a search request from a first user of a social network, the search request including a specified distance in the social network; in response to the search request, identifying listings of a plurality of entities based at least in part on identifying one or more second users within the specified distance from the first user in the social network, the one or more second users being priori customers of the entities; and presenting the listings to the first user on behalf of the entities.10-16-2008
20080255978Double-Blind Financial Services Information Marketplace - An information marketplace is provided in which information items are received from various sources. Each item and the item providers carry descriptors that identify various attributes of the information being provided and by whom it is being provided. Requests for information are received from information consumers that are also tagged with attributes describing the consumer and the information being requested. A subset of the information available in the marketplace is provided to the consumer based on a degree of match among the characteristics describing the information, the attributes associated with the provider of the information, and the attributes associated with the consumer without identifying the actionable investment opportunity to the information consumer or identifying the information consumer to the information provider.10-16-2008
20080255976Systems and Methods to Present Members of a Social Network for Real Time Communications - Methods and systems to facilitate real time communications and/or commerce via a social network. In one embodiment, a method includes maintaining data representing a social network of a plurality of members, including a first member and a second member; and providing the first member with information to present the second member, the information including a communication reference of a connection provider, the communication reference to be used to request the connection provider to establish a connection for real time communications between the first and second members without revealing a communication reference of the second member to the first member. In one embodiment, communication references are provided to facilitate the requests for real time communications with a member of the social network via a connection provider, which performs scheduling, filtering, payment processing, etc. for the member of the social network.10-16-2008
20080255973Sales transaction analysis tool and associated method of use - A computer implemented sales transaction tool and associated method of use is disclosed. This includes at least one processor configured to receive sales transaction information and programmed to provide the following functionality: a series of control functions that can be selectively activated by input to the processor for creating at least one subset of the sales transaction information, a plurality of graphical representations that are generated based on the selected subset of sales transaction information, and displaying at least one graphical representation of the plurality of graphical representations on an electronic display associated with the processor. Graphical representations of sales transaction information may include a slope and scatter diagram of sales transaction information, a waterfall chart, waterfall transactional analysis, a time series chart, a price sensor, a margin sensor, a break-even analysis graph and a bubble chart. There are graphical representations to evaluate opportunity of moving low margin products to average margins of comparable products and determining value for products having a single customer.10-16-2008
20110166977Identifying Potential Customers using Payment Information - Aspects of this disclosure relate to a computer configured to identify potential customers which may include a processor and memory storing computer executable instructions that, when executed, cause the computer to perform a method for identifying potential customers for a first bank, by electronically receiving data regarding the first bank, electronically receiving data regarding a second bank. Further, based on the electronically received data the method may further include identifying locations of the first bank, identifying locations of the second bank, comparing the locations of the first bank with the locations of the second bank, determining locations of the second bank that are within a predetermined distance of at least one location of the first bank, determining an amount of funds in a set of deposit accounts in each location of the second bank, and determining if the amount of funds in each location of the second bank is more than a predetermined amount.07-07-2011
20080249911METHODS AND APPARATUS FOR USING ASSIGNABLE FEE PROFILES TO DEFINE FEE STRUCTURES FOR REMITTANCE SERVICES - A method includes storing a plurality of service fee profiles. Each of the profiles is for associating a respective service fee level with each of a plurality of transaction amount tiers. The method further includes, after the storing step, selecting a pair of currencies. The pair of currencies includes a sender currency and a recipient currency. The method also includes assigning one of the stored service fee profiles to the selected pair of currencies to set up a service fee schedule for the selected pair of currencies.10-09-2008
20110010284COMMISSION MANAGEMENT SYSTEM - The present invention relates to a commission management system and method for managing soft dollar and commission recapture services over communications network. The system and method pays the invoices from the soft dollar commission account after the client views and approves invoices online.01-13-2011
20110010283E-CARD - A touch screen navigation device for making purchases includes a memory to store a first descriptor that identifies a card used in commerce; a scannable identifier adapted to provide a second descriptor to a scanner; a display for displaying changeable information including an icon for the card; and an input to select the card. When the card is selected, the display takes the appearance of the card, and when the scannable identifier is scanned, the scannable identifier provides the descriptor in the memory that identifies the card. A page bar may scroll between pages of icons. Interfaces may be included for E-apps, E-games, paying-bills, music and video, books, and text messaging.01-13-2011
20110055065METHOD FOR DECISION MAKING USING ARTIFICIAL INTELLIGENCE - A method of decision making using artificial intelligence that: receives data associated with a user regarding the situation of the user; identifies action options that the user might pursue; computes normalized scores for each of the action options based on the eligibility and likely outcome of the user pursuing the respective action option; compares the scores to a minimum threshold and to each other using quantitative and qualitative metrics; outputs a list of action options to the user as primary and secondary options to pursue based on the comparison; receives a selection from the user based on the list of action options; and transmits a message to a party who provides the action option(s) based on the selection. The method is, for example, applicable to decision making in the context of personal finance and debt assistance.03-03-2011
20110055064METHODS AND SYSTEMS FOR ASSISTING FINANCIAL SERVICES FIRMS AND THEIR REPRESENTATIVES - Methods and systems are provided for assisting financial services firms and their representatives in efficiently managing their businesses, and in developing and maintaining strong customer service and loyalty. An integrated, preferably web based browser operated system is provided that uses one or more central databases to store customer, account, accounting, compliance, and other relevant information. Interfaces and tools are also provided for accessing the one or more central databases in a manner that is consistent with and supports how a representative actually works.03-03-2011
20110060673SYSTEM FOR TRANSFERING AN INBOUND COMMUNICATION TO ONE OF A PLURALITY OF CREDIT-COUNSELING AGENCIES - A system for referring a telephone communication to one of a plurality of financial assistance providers based on lender criteria, the method including the steps of: storing telephone numbers for a plurality of financial assistance providers in memory accessible by a digital electrical computer; obtaining lender criteria for selecting one of the financial assistance providers; storing said criteria for access by said computer; identifying a debtor; selecting one of the financial assistance providers by accessing the criteria, applying the criteria, and accessing one of the stored telephone numbers; and connecting the debtor by telephone to the one of the stored telephone numbers. The system can be used with an intermediary that detects referring information sufficient to identify a referrer identity, to select which one of several financial assistance providers to refer the inbound communication by using a computer to look up and to apply referral03-10-2011
20110060670SYSTEM AND METHOD FOR MANAGING DATA RELATING TO INVESTMENTS FROM A VARIETY OF SOURCES - A computer system for furnishing data relating to investments has a processor and one or more memory storage devices in communication with the processor. Data relating to investments is stored in the one or more memory storage devices. A catalog includes at least data stored in at least one of the one or more memory storage devices, the data including at least logical locations for the data relating to investments. The processor is adapted to execute services for calling to the catalog for locations of the data, and, employing at least logical locations of the selected data obtained from the catalog, access the selected data from at least one of the memory storage devices, perform one or more operations on the selected data, and provide the selected data for display to a user.03-10-2011
20110071934ELECTRONIC CHECKBOOK REGISTER - An electronic checkbook register includes a durable housing having a base and a cover pivotal between open and closed configurations. Traditional checks may be stored in a pocket in the cover. The register includes a processor electrically connected to a keyboard. A display is also provided on which multiple data fields are displayed. Data from a written check or similar transaction may be inputted into respective data fields using the keyboard and a stylus. Spending category buttons are also included and may be pressed to associate respective financial data with a category. All data may be uploaded and synchronized with a remote computer for further processing and record keeping using USB, SD flash memory, or mini-USB components.03-24-2011
20110082782Relocation Calculator Object Oriented System and Method - The present invention involves a computer or a server for providing a user a relocation cost calculation system. A a relocation data file includes information on relocation expenses, including calculated information based on historical data relating to house parameters and transaction parameters. An interface module is used to receive the house and transaction parameters on a relocation project from the user, and is capable of presenting a total cost of ownership report to the user. Calculator software creates the total cost of ownership report based on the house and transaction parameters received from the interface module and the relocation data file. The relocation data file is created by obtaining relocation expense data records that include historical expense data. The dimensions of the relocation expense database are specified for segmentation. The expense data records are classified according to the specified dimensions. The expense database is filtered according to user specified criteria. The data fields are calculated from the filtered expense database according to the specified dimensions among the specified segments.04-07-2011
20110112949Investment Structure and Method Having Fixed and Contingent Components - An investment structure and method including a fixed component and a contingent component for investing funds. The fixed component invests a portion of the funds in fixed income securities and generates principal plus fixed interest. The contingent component invests another portion of the funds in non-fixed income investments and generates contingent interest. The fixed interest is selectively distributed or re-invested in the fixed component, and the contingent interest is re-invested in the contingent component in order to boost the trading pool for that component and potentially increase the return on investment. One or more limited partnerships, limited liability companies, corporations or other limited liability entities invests the contingent component.05-12-2011
20100293082Methods for creating, issuing, managing and redeeming annuity-based retirement funding instruments - A method for administering an annuity-based retirement funding in which an investor's funds or current income is used to make incremental purchases of immediate annuity benefits at market rates, with the annuity payments received from previous purchases being applied purchase additional annuity benefits. The investor allocates a first allocated portion of each received benefit into an account and the reinvested funds are thereafter available in combination with new investment payments from the investor for the purchase of additional immediate annuity benefits. At the direction of the investor, typically after retirement, all or part of the received annuity payments can be received for the use of the investor.11-18-2010
20110119169Computer-Based System and Method for Automating the Settlement of Debts - The present invention is a method and system for facilitating a settlement negotiation of a debt between a debtor and a creditor whereby settlement proposals are automatically and intelligently generated, based upon the financial circumstances of the debtor and a pattern of decision-making behavior of the creditor, and are sent throughout the duration of the negotiation process until an acceptable proposal is secured. Furthermore, the present invention also provides an automatic, streamlined framework for the user or client to budget for and carry through with payment of the debt in accordance with the agreed upon settlement. This negotiation and settlement process occurs without any direct contact between the debtor and the creditor, or an outside intermediary, by automating a significant part of the negotiation and repayment process whereby the process is transparent and visible to the debtor and creditor.05-19-2011
20110119168Construction of Currency Strength Indices - Systems, methods, and computer program products for constructing and weighting a currency index for a currency basket. The weights of the components of the currency basket can be determined using only past statistical time series behaviors of the currency pairs.05-19-2011
20120150710 METHOD AND SYSTEM FOR FACILITATING ACCESS TO FINANCIAL INFORMATION - The present invention relates to a method 06-14-2012
20120150708SYSTEM AND METHOD FOR IDENTIFYING SUSPICIOUS FINANCIAL RELATED ACTIVITY - A computer system detects questionable financial transactions. The system includes a data source component configured to access a database of transaction data, and a data storage component configured to store transaction data that is to be reviewed. An account compilation component of the system is configured to compile data sets from the transaction data. Each data set includes pertinent external transactions in the transaction data that are related to a particular individual client during a screening time interval. The account compilation component excludes internal transactions from the data sets. A screening component is configured to compare each data set with at least one screening criterion. A reporting component is configured to report data sets that satisfy the at least one screening criterion.06-14-2012
20110125624METHOD AND SYSTEM FOR CROSS-ISSUER REGISTRATION OF TRANSACTION CARDS - Disclosed herein is a method of providing one or more transaction card services to a holder of a transaction card, the method comprising receiving a registration code from the holder, wherein the registration code is associated with the issuer of the transaction card and with the transaction card, determining the issuer of the transaction card based on at least a portion of the registration code, transmitting the registration code to the issuer of the transaction card, receiving account information from the issuer, wherein the account information is associated with the registration code and with the transaction card, displaying at least a portion of the account information to the holder, receiving a verification value corresponding to the account information from the holder, and if the verification value is valid, permitting the holder to select one or more services in which to enroll.05-26-2011
20110137782SYSTEM AND METHOD OF RECORDING, SHARING, AND STORING DATA AND MATERIALS FOR SELECTIVE RETRIEVAL - A method, a process, and a location for a customer to store life-time memories, feelings, emotions, and consciousness, or any other mental activity in a permanent database, based on a financing plan, aided by a collection of personal physical artifacts and personal biological data and materials in permanent physical storage, to share personal and communal information and physical collection with others, to build virtual and permanent personal and collective identities, and to prepare for the possible and probable human immortality where evocation of personal and communal consciousness and information is required when technology avails itself to make our consciousness alive again, either in biological form, in electronic form, in electro-biological form, or in any other possible form, so that our individual consciousnesses will live on both as separate entities and possibly form a unity with one another, in a state of community or singularity, thus achieving immortality.06-09-2011
20110137781Intermarket Analysis - A method and a system for performing intermarket analysis. The method can include, from a pool of available markets in which at least one key intermarket has been selected and removed, selecting at least one market as a general intermarket, and removing the market selected as the general intermarket from the pool of available markets. From the pool of available markets from which the general intermarket has been removed, at least one market can be selected as a predictive intermarket and removed from the pool of available markets. Market data for each of the key intermarket, the general intermarket and the predictive intermarket can be processed to train a neural network. After training the neural network, market data for the primary market can be processed with the neural network to predict future market data for the primary market. The predicted future market data can be output.06-09-2011
20110137783ENHANCED SYSTEM AND METHOD FOR MANAGING FINANCIAL MARKET INFORMATION - A system and method are provided for managing financial market information. According to certain embodiments, the system includes a computer having a memory, processor, and display. The processor is capable of generating a graphical depiction of the financial market information on the display. The graphical depiction includes a multidimensional representation of a broad range of market information for at least two financial instruments. The graphical depiction resides in a single window on the display. The financial instruments may include multiple different classes of financial instruments, such as treasuries and futures. Different instruments may be selected and information, including basis information, relevant to the selected instruments may be displayed in a second window.06-09-2011
20100179898METHODS AND SYSTEMS OF PURCHASE CONTRACT PRICE ADJUSTMENT CALCULATION TOOLS - Allowability, allocability and adjustment of contract prices are determined using a computer system, based on SERVICE CONTRACT ACT wage determination rules. Upon receiving a request for a contract price adjustment from a contractor, the contractor is required to submit the proposed price adjustment in an electronic spreadsheet format. Information from the spreadsheet is stored and made available electronically to the program. If the proposed price adjustment contains DAVIS BACON ACT hours, then the DBA hours are filtered using a governing wage determination raw data field for separate calculations using applicable rules and regulations. Payroll taxes and appropriate adjustment entitlement values are automatically calculated and the program determines, appropriate price adjustments. Pivot tables are used to summarize and visualize the adjustments and helpful tips are provided on worksheets for ease of understanding and confirming allowability, allocability and accuracy of the request for price adjustment.07-15-2010
20100179897ASSET TRACKING SYSTEM - An asset tracking system for tracking assets, for example, a vehicle, with an integrated topology that is configured minimize the complexity of the system by eliminating hardware duplication and sensing the ignition state while obviating the need to access the ignition switch circuit; the asset tracking system optionally including a loan obligation management system that is integrated with the asset recovery system which provides in-vehicle notifications of loan obligations for the asset upon which the loan obligation is based from a remote location directly to the asset.07-15-2010
20110258097SYSTEMS AND METHODS RELATED TO LIFETIME MORTGAGES - The present invention relates to a mortgage having a forward portion and a reverse portion. In the forward portion, the borrower receives a loan from a lender in order to purchase a property, such as a home. In the reverse portion, the property has accumulated sufficient equity to enable the lender to disburse funds back to the borrower. The present disclosure describes various computer systems and computer-implemented methods that assist in planning for this type of mortgage. Various factors may be considered, such as, the initial loan principal, ages of one or more borrowers, and a desired mortgage interest rate, and calculates. Different scenarios for conversion from the forward portion to the reverse portion of the mortgage may then be calculated and presented. For example, one or more forward mortgage payment schedules may be calculated and future reverse mortgage capacity may be presented. In some embodiments, the reverse mortgage capacity is used to pay some or all of the forward mortgage portion.10-20-2011
20110258095Method and system for creating and issuing a deferred coupon preferred security - A corporate debt security includes an optional payment deferral feature allowing deferral of coupon interest on the debt security without triggering default, and a mandatory payment deferral feature allowing deferral of coupon interest on the debt security without triggering default. The corporate debt security also includes a provision to issue at least one warrant on corporate common stock at a predetermined time after any payment deferral. The warrant exercise price is equal to or greater than the price of corporate common stock, as determined when the warrant is issued. The debt security is issued in exchange for value.10-20-2011
20120310808Methods, software, and systems for over-the-counter trading - Methods, software, and hardware are disclosed for providing verified real time price quotes in an over-the-counter financial market. Systems are described that can comprise methods, software, and/or hardware to provide verified real time price information for securities traded over-the-counter. Verification methods of the invention include identifying suspect source data, wherein the suspect source data includes information about the price of a security, verifying the suspect source data, and displaying to a user a verified price quote of a security traded in an over-the-counter market to a user. The verification methods of the invention include using hash functions and hash tables to process suspect source data, wherein the hashing allows for confidential processing while at the same time maintaining the ability to match a price quote to the source of the price quote.12-06-2012
20120310807SYSTEMS AND METHODS FOR GRAPHICALLY ENABLED RETIREMENT PLANNING - According to some embodiments, a system may categorize a first set of user goals as basic expenses and a second set of user goals as optional expenses. Icons associated with the basic expenses may be graphically displayed in a first screen area, and icons associated with the optional expenses may be graphically displayed in a second screen area. An indication that a selected icon is to be associated with one of the first or second areas may be received from a remote user. Based on the received indication, a user goal associated with the selected icon may be re-categorized (e.g., as a basic or optional expense).12-06-2012
20120310806ENGINE, SYSTEM AND METHOD OF PROVIDING THIRD PARTY BUSINESS VALUATION AND ASSOCIATED SERVICES - A computer-implemented engine, system and method for generating business valuations, scoring, and/or flagging over a network, responsively to information input by a user remote from the engine, system and method. The invention may include a graphical user interface capable of locally querying a user to input the company information, at least one network port capable of remotely receiving the company information from the graphical user interface, and at least one engine communicatively connected to the at least one network port, which engine preferably includes a plurality of rules to generate, responsively to the input company information, at least one of a business valuation, a business score, and/or one or more business flags to be used as indicators in a network marketplace, for the company associated with the inputted company information.12-06-2012
20120310805INFERRING CREDIT WORTHINESS FROM MOBILE PHONE USAGE - A computer-implemented method for inferring creditworthiness of a mobile phone user. The method can include receiving call level data for a first plurality of mobile phone users and receiving a measure of creditworthiness for a second plurality of mobile phone users. The second plurality of mobile phone users can be a subset of the first plurality of mobile phone users. Attributes can be derived from the call level data. An attribute space can be defined for each mobile phone user based on the attributes. The attribute space can be partitioned into clusters. Each received measure of creditworthiness can be mapped to the cluster corresponding to the mobile phone user. The creditworthiness of each cluster can be characterized as a function of the mapped creditworthiness. The creditworthiness of a given mobile phone user in a given cluster can be characterized as a function of the creditworthiness characterizing the given cluster.12-06-2012
20100121750Funding Roadmap - A proprietary software program written in My SQL and PHP derived originally from a precedent functional model built/programmed in Microsoft Excel's underlying Visual Basic Application (VBA) program. Also an interactive multimedia format and online secure web server platform built to embed the software program in virtual space. This combined software programming and internet-based technology allows for the new proprietary features such as the hyperlinked navigation, streaming video presentation component, self-populating and linked formula text and numerical data fields, multiple choice drop down menus, multi-preparer collaboration from remote separate locations, licensable access, automatic preparation of sophisticated analysis reports, check boxes that trigger colored markers, compliance alert color alarms tied to responses, online deal flow networking and report presentation sharing, and other features not possible with existing available business plan reports or software.05-13-2010
20100121749REAL-TIME VALIDATION SYSTEM FOR TRANSACTIONS - A method of validating a transaction between a giving entity and a receiving entity includes: providing receiving-entity context values to the receiving entity for evaluating requests by the receiving entity; accepting request values for the receiving entity, wherein the request values include values for at least one of goods, services or currency; determining a receiving-entity request item in a database from the request values and the receiving-entity context values, wherein the database is stored in a computer-readable medium; providing giving-entity context values to the giving entity for evaluating offers by the giving entity; accepting offer values for the giving entity, wherein the offer values include values for at least one of goods, services or currency; determining a giving-entity offer item in the database from the offer values and the giving-entity context values; and determining transaction conditions in the database from the receiving-entity request item and the giving-entity offer item, wherein the transaction conditions include at least one giving-entity action for performance by the giving entity, at least one receiving-entity action for performance by the receiving entity, and at least one verification action for the transaction.05-13-2010
20100121751METHOD FOR CALCULATING MOVING AVERAGE WITH WEIGHED TRANSACTION VOLUME - A method for calculating moving average with weighed transaction volume is disclosed according to the embodiments of the present disclosure. The method includes: selecting one stock, and acquiring a total stock capital of the stock; setting a calculating subject of accumulative transaction volume, where the calculating subject is all of or a part of the total stock capital of the stock; if a moving average with weighed transaction volume for a certain day is to be calculated, computing backwards from that day, accumulating the products of an everyday transaction volume multiplied by a turnover factor up until the accumulated value equals the calculating subject of accumulative transaction volume; multiplying an everyday average transaction price with an everyday transaction volume and further multiplying with an everyday turnover factor, adding up the products to form a sum; and dividing the sum by the calculating subject of accumulative transaction volume to obtain the moving average with weighed transaction volume.05-13-2010
20110082781REAL TIME ADAPTIVE CONTROL OF TRANSACTION REVIEW RATE SCORE CURVE - Modern technologies of signal processing and real-time feedback adaptive control are applied to a fraud screen model to enable the fraud screen model to adapt to changes in shopping behavior to effectively maintain the model's performance on a review rate score curve continuously. Multiple techniques disclosed herein integrate control technologies with modeling technology to control the review rate score curve in real time.04-07-2011
20110178907Computer based method of pricing equity indexed annuity product with lock-in - The present invention broadly comprises a computer-based method for determining a set of equity-indexed crediting parameters C for a selectable-term equity-indexed deposit product also having a set of profitability requirements R, a principal amount P, an account value A, a maximum term T, a set of lock-in formulas F, a selected term T′, an immediate credit I, and a guaranteed rate G, with R, P, A, T, C, and F determined at the time of product purchase and T′ <=T determined by the purchaser after the time of purchase and I and G determined by the seller at T′ according to the set of formulas F, with the immediate credit I being added to the account value A at time T′ and interest being credited to the account value A at the rate G from time T′ to time T.07-21-2011
20110178906DATA PROCESSING SYSTEM AND METHOD INCORPORATING VALUATION METHOD TOGGLE - A data processing system and method are disclosed which finds particular application to equity finance mortgages. An Overall System 07-21-2011
20110125623ACCOUNT LEVEL COST OF FUNDS DETERMINATION - Methods, computer readable media, and apparatuses for measuring, calculating, analyzing, and using account level profitability metrics are presented. Various statistics may be collected and compiled into a table, and profitability of one or more financial accounts may be determined at the account level. The cost of funds for a financial account and for a household associated with multiple financial accounts may be calculated. Financial accounts may be classified on a variety of bases, and the results may be presented in a report.05-26-2011
20120072325System and Method for Coalescing Market Data at a Network Device - A network device coalesces data received from an exchange, and provides a user with the opportunity to receive fewer, but up-to-date, data updates from an exchange when duplicate prices become available or a large volume of prices becomes available suddenly. Accordingly, the trader can be assured of receiving non-duplicated prices that are fed at a rate that is cohesive with that trader's connection speed. The present invention is designed to conserve on bandwidth thereby increasing the likelihood that bandwidth will be available to receive desirable market information.03-22-2012
20120072323MAINTAINING ONLINE FUNCTIONALITY DURING AN OUTAGE - A system maintains online functionality during an outage. The system includes a processing device configured for receiving a request for online interaction via a network from a client system and identifying a primary interaction system configured to respond to the request. The processing device is also configured for determining the primary interaction system is incapable of providing the online interaction associated with the request, identifying an alternative interaction system configured to respond to the request, and initiating an online interaction between the client system and the alternative interactive system. In some embodiments, the primary interaction system is incapable of providing website content, and the processing device initiates an exchange of alternative website content. In some embodiments, the primary interaction system is incapable of providing online banking information, and the alternative interaction system provides alternative online banking information such as non-current information regarding an account.03-22-2012
20090299887SYSTEM AND METHOD FOR DETECTING SAVINGS OPPORTUNITIES BASED ON THE PRICE PROTECTION AND RETURN POLICIES OF RETAILERS - A system and method is disclosed for detecting savings opportunities for consumers based on the price protection and/or return policies of retailers, following a process of purchasing items from online or physical retailers. The system receives an order statement which comprises information about an order, such as an identifier of the retailer, a date and the details of one or more purchases, where each purchase includes at least an identifier of an item and the amount paid for that item. The system then extracts that information from the order statement, without requiring the user to specify the details of each purchase separately. The system continuously monitors the prices of the items and the conditions specified in the retailer's price protection and/or return policies. If the system determines that the customer is eligible to receive a refund or can profit from returning an item to the retailer and re-purchasing it (perhaps from a different retailer), it either requests the refund from the retailer on behalf of the customer, or notifies the user.12-03-2009
20090299889System and Method for Estimating Transaction Costs Related to Trading a Security - A method for creating a peer group database includes a step of collecting security transaction data for a preselected period of time, for a plurality of investment institutions. The transaction data includes identity of securities being traded, transaction order sizes, execution prices and execution times. The transaction data is grouped into a plurality of orders. A plurality of cost benchmarks are calculated for each of the orders. Transaction costs are estimated for each investment institution relative to the cost benchmarks. The data is stored.12-03-2009
20090292632Compliance Monitoring Method and Apparatus - A compliance monitoring system and method identifies an individual or entity to be monitored for account compliance and receives account information associated with the individual or entity. The compliance monitoring system and method obtains holdings in the account and determines whether the holdings in the account comply with a predetermined rule.11-26-2009
20090204529Advanced Budget Bill Control System For End Users - A system and method for allowing a consumer of a commodity to set the parameters of a budget bill calculation system via an interactive user interface. The parameters are intended to help consumers control their budget bill calculations, payment structure, true-up factors and other aspects of their budget bills. Budget bill payment amounts are calculated based on historic weather patterns, previous consumption, previous bills, mathematical models or may be set by the consumer art a certain amount, and the parameters selected by the consumer. A budget payment amount is then presented to the user including a budget payment amount and, in some cases, an actual or estimated true-up amount including when and how ant recalculations of the budget amount and true-ups will take place.08-13-2009
20090204528SYSTEM AND METHOD FOR FACILITATING PURCHASE OF FINANCIAL INVESTMENTS ON BEHALF OF A BENEFICIARY AND PROVIDING INTERACTIVE INVESTMENT INFORMATION - A system, method and software for facilitating the purchase of financial investments for the benefit of beneficiary and providing educational and entertaining interactive tools regarding same is disclosed. The system includes at least one database containing information regarding one or more financial instruments. The system further includes at least one first user interface to enable a first user to access information regarding one or more financial investments, to facilitate the purchase by the first user of one or more financial investments, and to enable the first user to designate a second user beneficiary of the financial investment. The system also includes at least one second user interface that at a minimum provides information to the second user beneficiary regarding the financial investment. The system may also allow a first user to plan events and invite third users to such events and inform third users of opportunities to purchase investments for the benefit of the second user beneficiary.08-13-2009
20110191227BANKRUPTCY EVALUATION SERVICE AND SYSTEM - A method for assigning a value to a debt is disclosed. The method includes entering, into a digital computer, bankruptcy data associated with a bankruptcy proceeding after a debtor has filed for bankruptcy. The bankruptcy data may include priority claim data associated with priority claims, non-precedence claim data associated with non-precedence claims, and bankruptcy plan data. After the bankruptcy data are obtained, the digital computer determines a present value associated with at least one non-precedence claim in the non-precedence claims.08-04-2011
20110191225CURRENCY EQUIVALENCY APPLICATION - Embodiments of the present invention provide apparatuses and methods for a currency equivalency application for a business activity monitoring (BAM) applications. The currency equivalency application monitors business activities across international processes and systems that deal with multiple types of currencies. The user enters into the currency equivalency application user defined preferences, such as, but not limited to, the BAM application to which to apply the preferences, the type of currencies, value amounts, dates for the actual currency exchange rate, dates for future currency exchange rates, confidence scores, etc. The currency equivalency application identifies the proper exchange rates and in some cases estimates future exchanges rates, and converts the output for currency values in BAM applications into the user defined currency values, which allows the users across the world to quantify and view the currency value outputs in a form that the user understands.08-04-2011
20100030677FRAUD PREVENTION AND REPLACEMENT OF CREDIT/DEBIT CARDS - LOST, STOLEN, DEFECTIVE OR FRAUDULENTLY USED - A credit card security system method for preventing fraudulent use, comprising the steps of a credit card provider opening one account with two different card numbers, with a first “main credit card” and a second credit card for a spare. The main credit card is activated by the provider and the spare credit card remains “deactivated”. On a pre-set time basis the credit card provider will automatically upon notice to the customer, deactivate the main card and activate the spare card. If any suspicious or fraudulent transaction is detected by the credit card provider, the main credit card is deactivated. If the transaction is authorized, then the main credit card is re-activated. If the transaction is not authorized, the spare credit card is activated to be used as the main credit card. The credit card provider then replaces the deactivated credit card with a new number and sends a new credit card with the new credit card remaining deactivated.02-04-2010
20100023436PERPETUAL REVENUE PARTICIPATION INTERESTS AND METHODS RELATED THERETO - A financial product and method for creating a financial product is provided wherein an investor receives a return based on the future sales or revenues of an issuer in perpetuity.01-28-2010
20100023437Centralized Electronic Commerce Card Transactions - A central transaction server in electronic commerce card authorization system enables the electronic commerce card association to manage and monitor the authentication system. The central transaction server acts as an intermediary for all communications between the access control server used for authentication. If any portion of the authentication system fails, the central transaction server compensates by providing appropriate responses to other portions of the system. The centralized transaction server translates all incoming traffic into a format compatible with the intended recipient, enabling portions of the system to be upgraded without breaking compatibility with the non-upgraded portions. The centralized transaction server also enables the integration of formally separate portions of the authentication system into a single unit. The directory and the authentication history servers can be integrated into the central transaction server, and the central transaction server can initiate charges to the electronic commerce card automatically, bypassing the card acquirer.01-28-2010
20100023434Automated Credit/Debt Management Counsel By Isaiah Bond - The present invention combines automated consulting with live advising within the framework of an online, web-enabled automated credit/debt management counseling and modeling system. An automated coach alerts and focuses the user's attention to the issues to be addressed, and frames decisions to be made with general information on each topic based off of technical calculations in relations to the credit/debt management history analyzed. A live advisor supplies specific, innovative solutions based on the user's unique credit/debt situation as an aid for the results of the computer automated system.01-28-2010
20100017318METHODS AND APPARATUS FOR A DOWNLOADABLE FINANCIAL TRANSACTION PRINTER - Method and apparatus for a downloadable financial transaction printer supporting multiple interfaces and single encoding for worldwide languages configuration. The financial transaction printer interfaces with multiple host systems and multiple gaming machine protocols, downloads application code or code patches, receives printer maintenance instructions, arbitrates print jobs received from various communication interfaces, supports worldwide languages, and utilizes firmware version consolidation whereby fewer firmware versions are required to support worldwide requirements, such as regional and jurisdictional requirements. The financial transaction printer further includes security features for gaming regulatory requirements, memory protection, and preventing the execution of downloaded code on unauthorized hardware. The financial transaction printer further includes segmented memory for content related to each communication interface, gaming machine, or host system, among others. Additionally, the financial transaction printer supports Unicode, configuration to worldwide languages, configuration to multiple protocols, and configuration to prior firmware versions for backward compatibility, among others.01-21-2010
20130013478SYSTEM AND METHOD FOR INCENTIVIZING RETIREMENT SAVINGS - Systems and methods are provided to facilitate incentivization for participation in a financial plan, such as a retirement savings plan. Incentives are provided to encourage increased contribution and activity with the financial plan, with the goal of accumulation of enough assets to ensure future financial security, such as provision of adequate retirement income. Incentives can be provided by third party providers such as coupons, merchandise, services, etc. In return for provision of such incentives, third party providers can receive data, etc., in return, where the data can provide information on who is using their incentive, etc., which the third party provider can utilize as part of a marketing operation, for example. Hence the costs of the incentives are offset by the data provided.01-10-2013
20090299886ACTIVITY BASED CREDIT CARD LIMIT ASSIGNMENT - Systems and methods for reducing the exposure of a financial institution to lending risk. The systems and methods may involve determining a basic credit limit for a customer's new credit card account based at least in part on attributes associated with the customer; assigning an adjusted credit limit to the account; and promising to decide whether to replace the adjusted credit limit with a higher credit limit.12-03-2009
20090216672SYSTEM FOR STORING VITAL RECORDS - A system for storing vital personal and business records in one secure location. A user may create an account and submit documents to be scanned and uploaded through a public kiosk. Documents may include, but are not limited to, such items as driver's licenses, birth certificates, state and federal identification cards and health information. The information is transmitted to a secure server where it is stored. A user may then utilize a computing device via secure online means to gain access to his or her stored documents.08-27-2009
20100005019HOME APPRECIATION PARTICIPATION NOTES - A method, computer program product and computer system for issuing and servicing a Home Appreciation Participation Note (HAPN) for a real estate property, which includes issuing an Participation Contract (PC) for the property to PC investors, where the PC has a value derived from a sharing formula based on a change of a proxy for the value of the property relative to an initial value of the proxy, and the proxy is independent of an actual current condition of the property (after the initial valuation); and issuing a HAPN Bond for the property to HAPN Bond investors, where the HAPN Bond has an initial value set as a sum of an amount paid for the PC and an amount paid for the HAPN Bond. Both the PC and the HAPN Bond represent claims on the property, and the HAPN Bond is a performance bond for the PC if the value of the PC is negative.01-07-2010
20090037308METHOD AND SYSTEM FOR MODELING FUTURE ACTION IMPACT IN CREDIT SCORING - A method and system for predicting impact of future actions on subsequent performance involves developing a prediction model that predicts a statistical interaction of performance expectation with likely behavior. In one embodiment, sensitivity to new, post-scoring date credit behaviors in the analytic solution greatly improves snapshot score predictions. The modeling approach involves multiple snapshots: predictive and performance snapshots, plus an intermediate snapshot shortly after the predictive snapshot to quantify interim behavior. Predictive interaction variables are calculated on the predictive data using simulated profiles before and after an action.02-05-2009
20100082469Constrained Optimized Binning For Scorecards - Computer-implemented systems and methods are provided for generating bins for a scorecard. An approximate set of bins is generated by applying an optimization model to binning data. The optimization model includes an objective function, constraints, and surrogate weight of evidence metric(s). The approximated set of bins are then used in scorecard operations.04-01-2010
20080270275Auditing or Determining Reductions to Card-Issuer Interchange Fees - This document describes tools capable of auditing and/or determining reductions to card-issuer interchange fees charged for credit-card transactions. The tools may do so automatically and with user interaction for thousands or even millions of transactions.10-30-2008
20080288386 Method of Systematic Trend-Following - This invention relates to alternative, synthesisable trend-following strategy, based on a rolling, delta-spliced lookback straddle. This operates like a conventional lookback straddle, except that the time to expiry, rather than monotonically running down to zero, is reset where possible to that of a ‘younger’ straddle, provided that the delta of the two straddles does not differ by more than a specified amount. It is more computationally efficient than prior art approaches; further, it does not lead to positions being prematurely liquidated.11-20-2008
20080243661SYSTEM AND METHOD OF ACQUIRING INSTANT CREDIT - A computer-implemented system and method of providing for a credit card offer to a customer during a transaction for the customer to acquire an asset offered by a dealer is provided. The computer-implemented method may include acquiring, via a computer operated by the dealer, information for inclusion in a first credit application for financing the asset acquisition. Based on at least a portion of the acquired information, a second credit application is generated for submission to a credit card institution, where the second credit application is electronically sent to a credit card institution. A status indication associated with the approval of the second credit application based on an electronic communication received from the credit card institution is displayed on the computer operated by the dealer.10-02-2008
20090099948Two-Stage Estimation of Real Estate Price Movements for High Frequency Tradable Indexes in a Scarce Data Environment - Indexes of commercial property prices face much scarcer transactions data than housing indexes, yet the advent of tradable derivatives on commercial property places a premium on both high frequency and accuracy of such indexes. The dilemma is that with scarce data a low-frequency return index (such as annual) is necessary to accumulate enough sales data in each period. This invention presents an approach to address this problem using a two-stage procedure with frequency conversion, by first estimating lower-frequency indexes staggered in time, and then applying a generalized inverse estimator to convert from lower to higher frequency return series. The two-stage procedure can improve the accuracy of high-frequency indexes in scarce data environments, and also can mitigate an errors-in-variables problem that arises at very high frequency even with plentiful data (e.g., monthly indexes). In this paper the method is demonstrated and analyzed via simulation analysis and by application to empirical commercial property repeat-sales data.04-16-2009
20090024506CELLPHONE ACTIVATED ATM TRANSACTIONS - Receiving a transaction authorization request by an authorization system from an Automated Teller Machine (ATM), wherein the transaction request includes at least transaction details, identifying information and an authentication code, and wherein the authentication code is generated by software in the possession of a user requesting said transaction request; forwarding the identifying information and the authentication code to an authentication server which shares authentication secrets in common with the software; receiving authentication results of the authentication, and authorizing the transaction request in accordance with the received results.01-22-2009
20110307363Managing Consistent Interfaces for Currency Conversion and Date and Time Business Objects Across Heterogeneous Systems - A business object model, which reflects data that is used during a given business transaction, is utilized to generate interfaces. This business object model facilitates commercial transactions by providing consistent interfaces that are suitable for use across industries, across businesses, and across different departments within a business during a business transaction. In some operations, software creates, updates, or otherwise processes information related to Currency Conversion and Date and Time business objects.12-15-2011
20090030822System and Method for Contingent Equity Return Forward to Hedge Foreign Exchange Risk in Investments Having Varying Exit Parameters - According to one embodiment, the invention comprises a system and method for hedging an investment. In various embodiments, a risk parameter associated with the investment is identified. According to some aspects of invention, the risk parameter may correspond to Foreign Exchange risk. A notional value of the underlying investment is determined or otherwise calculated. Then one or more maturity events are determined or otherwise constructed. The notional value and the maturity events can be used to create or otherwise issue an investment hedge for the risk parameter. Upon the occurrence of one of the pre-determined maturity events, the investment hedge's notional value is adjusted. A premium may also calculated for the investment hedge in various embodiments.01-29-2009
20120041860EVALUATION AND ADJUSTMENT OF SETTLEMENT VALUE CURVES - Disclosed is a method that is useful in connection with providing discount factors for an exchange-traded mark-to-market derivative product that has a variable tick rate, such as an interest rate swap product. In some embodiments, the method includes providing a series of consecutive settlement values, which collectively represent a settlement value curve for the derivative product. The curve is evaluated by determining, for each consecutive pair of settlement values, whether the difference between the first settlement value in the pair and the second settlement value in the pair exceeds a threshold. The threshold represents the value at which a discount factor derived from said pair of settlement values, in conjunction with other parameters, would be negative. In other embodiments the disclosed invention encompasses an apparatus and a computer-readable medium.02-16-2012
20120041859System architecture and methods for experiential computing - The present invention contemplates a variety of improved methods and systems for providing an experience platform, as well as sentio or experience codecs, and experience agents for supporting the experience platform. The experience platform may be provided by a service provider to enable an experience provider to compose and direct a participant experience. The service provider monetizes the experience by charging the experience provider and/or the participants for services. The participant experience can involve one or more experience participants. The experience provider can create an experience with a variety of dimensions and features. As will be appreciated, the following description provides one paradigm for understanding the multi-dimensional experience available to the participants. There are many suitable ways of describing, characterizing and implementing the experience platform contemplated herein.02-16-2012
20120072324CUSTOMER EXPOSURE VIEW & INCOME STATEMENTS (CEVIS) - According to one embodiment of the present invention, a method comprises receiving a request to aggregate data associated with a customer. The method determines a first identifier associated with the customer that identifies the customer and a second identifier that identifies a household associated with the customer. Data associated with the second identifier is aggregated and communicated in response to the request.03-22-2012
20080208722SYSTEM AND METHOD FOR DISPLAYING OPTION MARKET INFORMATION - The present invention provides a method of displaying option market information including establishing a communication link between a member computer and a central computer, accessing option trading data from the central computer through the member computer, and inputting at least one signal to the member computer. The signal represents either an underlying asset symbol or an option class symbol of an underlying asset. The method further includes generating a display page listing option trading information for a plurality of option series relating to at least one of the entered underlying asset symbol and the entered option class symbol, and displaying the plurality of option series on the display page such that the option series having a strike price approximately equal to the current trading price of the underlying asset is centrally positioned on the display page. Additionally, a strike price and a first date indicator can be input and the display page can list trading information for the entered option and plurality of option series having at least a second expiration date, the plurality of option series extending over a range of strike prices, the range centrally positioned at the current trading price of the underlying stock, the plurality of option series relating to the at least one of the entered underlying asset symbol and the entered option symbol. A further method of the invention includes generating a display page listing option trading information for a month entered for an underlying asset. A still further method of the invention includes generating a display page listing option trading information for a strike price entered for an underlying asset.08-28-2008
20090171829METHOD AND APPARATUS FOR DERIVING BENCHMARKS FOR TRADING INSTRUMENTS - Benchmarks for the price of a financial instrument such as FX spot rate for a currency pair are calculated by an algorithm based on a previous benchmark and a market price. The market price is derived from a deal price and a quote price. The deal price is based on deals conducted since the last benchmark and the quote price is based on bids and offers entered since the last benchmark. For each of the deal and quote prices, a price, weight and scatter is calculated which is used to calculate a benchmark price, weight and scatter and a benchmark error.07-02-2009
20090171827AUTHENTICATED THIRD-PARTY CHECK CASHING - Tools for facilitating the process of providing presentation instrument redemption services, including without limitation tools that implement techniques for authenticating the identity of a check cashing customer through the use of biometric data that is derived from one or more biometric characteristics of the customer. The tools can be used to enroll the customer in a check cashing program, using biometric data as an authentication key. Thereafter, when the customer attempts to redeem a presentation instrument, the customer can provide the same biometric data, and the tools can authenticate the identity of the customer based one the biometric data. The tools can implement additional risk-prevention measures, such as risk-profiling routines, which can be used to estimate the risk of a fraudulent transaction, based on a variety of risk factors associated with the customer and/or the requested transaction.07-02-2009
20090171828SYSTEM AND METHOD FOR INTEGRATED ADVANCE LIFE PLANNING - An integrated advance life planning and management system provides to a user, through a single convenient Internet interface, a plurality of advance life planning and management services including estate planning, will preparation, and funeral planning services.07-02-2009
20090171826CONVERSION OF OVER-THE-COUNTER SWAPS TO STANDARDIZED FORWARD SWAPS - Systems, processes and methods are described for converting over-the-counter derivative products such as interest rate swaps (IRSs) to standardized forward swaps, such as centrally cleared interest rate swaps. The value of each leg of the over-the counter swap may be determined and compared to a value of a corresponding leg of the forward swap. A mark-to-market value may be determined as the difference between the values.07-02-2009
20090171823UNDERWRITING THE SALE OF SHARES OF EQUITY IN A DOMAIN NAME - Systems and methods are disclosed for underwriting a sale of shares of equity in a domain name. Domain information (including domain registrant, description, organizations, performance, business plans and risks) is submitted to a network of underwriters. Based on this information, the potential underwriters submit proposals to underwrite the sale of shares of equity in the domain name. The registrant selects a proposal, and the registrant and selected underwriter negotiate the number of shares and price per share.07-02-2009
20090171825SYSTEMS AND METHODS FOR PROCESSING A PAYMENT TRANSACTION - Systems and methods for real-time check authorization and clearing are provided. In one aspect, a method is provided for processing a payment transaction using a check and an input device at a point of sale (POS). The method includes electronically capturing at the input device information from the check used in the payment transaction. The method also includes converting the check transaction to a debit transaction, transmitting data associated with the debit transaction to a transaction processor, and processing the debit transaction data to generate one of an authorization for the debit transaction and a denial for the debit transaction.07-02-2009
20120047057CONTROLLING A SHARED SERVICE - A method includes obtaining a liability limit indicative of an available funding, determining whether a first amount of liability contributed by a first subscriber during a provision of a service to the first subscriber exceeds a first balance indicative of a first portion of the available funding that may be consumed by the first subscriber, determining whether a second amount of liability contributed by a second subscriber during a provision of a service to the second subscriber exceeds a second balance indicative of a second portion of the available funding that may be consumed by the second subscriber, issuing a first communication to a device to affect the provision of a service to the first subscriber if the first amount of liability exceeds the first balance, and issuing a second communication to the device to affect the provision of a service to the second subscriber if the second amount of liability exceeds the second balance.02-23-2012
20120047056REPORT GENERATOR FOR ALLOWING A FINANCIAL ENTITY TO MONITOR SECURITIES CLASS ACTION LAWSUITS AND POTENTIAL MONETARY CLAIMS RESULTING THEREFROM AND INCLUDING LOSS CHART SELECTION - Reports are automatically created of securities class action lawsuits customized to show potential monetary claims resulting from the lawsuits for securities purchased or acquired by one or more financial entities. Further, a database stores a plurality of loss charts. Each loss chart is related to a particular security for a particular financial entity and is assigned a unique identifier. The report includes a selection process, such as the selection of a hyperlink on the report, that allows a user to input the unique identifier to the loss chart directly from the report so that the loss chart can be retrieved from the database and presented to the user. A plurality of sets of loss charts are provided wherein each set of loss charts is related to a particular security for a particular financial entity. Each set of loss charts includes a Summary Chart and a FIFO and LIFO loss chart.02-23-2012
20120047055Post end of life management system and method - A post end of life management system and method comprising, registering and setting up directives to manage online accounts, digital data, and perform other functions by providers after the death of the registrant. The system is integrated with the social security administration to receive death notifications from the death master file as well as with the deceased individual registry counterparts of other countries. Registrant accounts are encrypted and stored in the system and triggered to decrypt in order to carry out directives left by the deceased after notification of death is received from the social security administration or the deceased individual registry counterpart of another country.02-23-2012
20120047054METHOD, SYSTEM, COMPUTER PROGRAM PRODUCT AND MARKETPLACE FOR PRIVATE AND PUBLIC INVESTMENT - A method, system, computer program product and financial marketplace for placing private and public investment that includes matching investment projects and investors over a communications network and functions as a marketplace for matching sellers of investments (e.g., securities) with investors. The market may be automated or function with human assistance over a communications network that permits instantaneous communication between participants. Walls of confidentiality between parties allow investors matched with a seller to obtain a preliminary look at the investment project prior to signing a non-disclosure agreement. A collaboration tool that includes a clearing house and/or market environment that functions as a virtual marketplace for investment products (securities) such as private non-registered investments and registered investments.02-23-2012
20120047053SYSTEMS AND METHODS FOR ASSESSING FRAUD RISK - In some embodiments, a non-transitory computer-implemented method of assessing a fraud risk is provided. The method can include: receiving data associated with a plurality of customer complaints, wherein data associated with each of the customer complaints at least suggests that a money-transfer transaction did not complete as expected, and wherein data associated with each of the customer complaints is associated with one or more of a plurality of money-transfer agents; electronically storing the data related in a complaint database; and for each of the plurality of money-transfer agents, using a risk processor to: retrieve data associated with the money-transfer agent from the complaint database, and determine a fraud-risk index for the money-transfer agent based on the retrieved data.02-23-2012
20120005057Distribution of Electronic Market Data - A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial.01-05-2012
20120005056Systems and Methods for Determining a United States Average Retirement Age Index - Systems and methods for determining a U.S. average retirement age index, the index including a year and week. The method determines a wealth at death of an average U.S. couple for a first retirement age. If wealth at death is greater than zero, the retirement age is decreased by one and the wealth at death value is recalculated. This process continues until the wealth at death value is less than zero, at which point the year of the retirement age index is determined by adding one to the current year of the retirement age. The week of the retirement age index is determined by: dividing the opposite of a wealth at death value for the year prior to the year of the U.S. average retirement age index by a wealth delta and multiplying the result by fifty-two.01-05-2012
20120005053BEHAVIORAL-BASED CUSTOMER SEGMENTATION APPLICATION - Embodiments of the invention relate to systems, methods, and computer program products for comprehensive and holistic behavior-based customer segmentation and customer profiling based on the segmentation. In specific embodiments of the invention, the segmentation includes internal credit behavior segmentation and external credit segmentation. In other embodiments, the segmentation includes internal credit behavior segmentation and external credit segmentation, and spend preference segmentation. In still further embodiments any combination of behavior algorithms may be implemented to segment the customer base and determine a related customer profile. The application additionally provides for new behavior algorithms to be added as needed in the future and the ability to interface with existing/legacy segmentation applications.01-05-2012
20080275800METHOD AND SYSTEM FOR DEBT COLLECTION OPTIMIZATION - The present invention employs data processing systems to handle debt collection by formulation the collections process as a Markov Decision Process with constrained resources, thus making it possible automatically to generate an optimal collections policy with respect to maximizing long-term expected return throughout the course of a collections process, subject to constraints on the available resources possibly in multiple organizations. This is accomplished by coupling data modeling and resource optimization within the constrained Markov Decision Process formulation and generating optimized rules based on constrained reinforcement learning process comprising applied on the basis of past historical data.11-06-2008
20120011042System and Method for Displaying Risk Data in an Electronic Trading Environment - An example graphical interface and method for displaying risk related data are described. One example graphical interface includes a data structure comprising a plurality of data nodes and at least one risk data point associated with each node, and further comprises a display grid. The display grid includes one or more cells that are used for displaying selected data nodes and risk data points. Each cell may be associated with a single data node, and may include one or more identifiers corresponding to risk data points of the data node. In one example embodiment, the identifiers are aligned along a single axis, and risk related data corresponding to each identifier is aligned with respect to each corresponding identifier.01-12-2012
20120011041POST BANKRUPTCY PATTERN AND TRANSACTION DETECTION AND RECOVERY APPARATUS AND METHOD - A method for post bankruptcy recovery of a consumer with an outstanding credit card balance is disclosed. The method includes the steps of scoring a portion of a related set of consumer transactions and received payments in accordance with an item set criteria to determine a level of collectability, weighting the portion of the related set of consumer transactions in accordance with age of data and in accordance with external consultant assessments and recommendations based on consumer financial status, and comparing at least one portion of a transaction description from the related set of consumer transactions to historical data from transaction descriptions to update and adjust the level of collectability.01-12-2012
20120011039SYSTEM AND METHOD FOR SERVICES MANAGEMENT - Embodiments of a system, machine readable storage medium and a computer-implemented method for implementing a services management system for providing services to a recipient are disclosed. The system may include a computer application controller operating on a back end server accessible by a user application operating on a front end server. The back end server may generate a computer object in response to remote function calls performed by the user application operating on the front end server. Data in the remote function calls may contain data related to services approved for a particular recipient. The generated computer objects may be operated upon by processes executing on the back end server that calculate a gross entitlement amount of benefits for the recipient. The calculated amounts may be passed to a gross payment calculation object and a net calculation objects.01-12-2012
20120011038SYSTEM AND METHOD FOR GROSS PAYMENT ITEM DETERMINATION IN PROVIDING SOCIAL SERVICES - Disclosed are embodiments that provide a system, computer readable medium and a computer-implemented method for calculating gross payment items (GPIs) to provide monetary benefits to a recipient. The disclosed embodiment may use a computer processor of a back end of the computer system to generate an entitlement document for a benefit plan. The entitlement document may include a plurality of entitlement items, each including an entitlement amount for an entitlement period. The entitlement frequencies may be mapped to payment frequencies that each GPI has a corresponding entitlement item. Moreover, a due date for each GPI may be calculated and compared to a reference date to determine whether each GPI is due. Further, for each GPI, an existing overlapping GPI is checked and gross payment amounts are set by taking the existing overlapping GPI into account.01-12-2012
20120011037SYSTEM AND METHOD FOR CREATING A SOCIAL SERVICE DEDUCTION PLAN - A method and system of generating deduction plan document for issuing benefits to a recipient. The method and system may include receiving a request from a user to generate a deduction plan document; responsive to receiving the request, creating a new deduction plan document including a header and at least one data item, the header including a category data field, the at least one data item including item category and deduction amount data fields; populating the data field of the header by displaying a first graphic user interface (GUI) page through which the user enters a value to the category data field of the header; populating the data fields of the at least one data item by displaying a second GUI page through which the user enters values to the data fields of the at least one data item; responsive to the populating the deduction plan document, simulating the deduction plan document being executed in a subsequent net calculation process; and responsive to receiving a simulation result from the net calculation process, determining whether the simulation result is satisfactory; if not, displaying a third GUI page to the user for adjusting the deduction amount; and if so, displaying a third GUI page for the user to approve and activate the deduction plan document.01-12-2012
20120011040PRE-BANKRUPTCY PATTERN AND TRANSACTION DETECTION AND RECOVERY APPARATUS AND METHOD - A method for pre-detecting bankruptcy of a consumer with an outstanding credit card balance. The method disclosed compares a first set of consumer transaction data to a second set of consumer transaction data in accordance with a debt grading criteria to generate a first and second set of association data. Association rule algorithm executes and parses the first and second set of association data into one or more product or service associations. A transaction pattern is generated of the consumer based in part on relatedness of the one or more product or service associations in conjunction with pre-bankruptcy associative elements. Private documents from lien holders and public documents from pending and completed court cases are analyzed to generate case success indicators. Pre-bankruptcy associative elements are updated based on the generated bankruptcy case success indicators. A debt score is generated that indicates a level of collectability of the outstanding credit card balance.01-12-2012
20110166975MONITORING IN AN AUTOMATED CLEARING HOUSE PROCESSING ENVIRONMENT - Systems, methods, and computer program products provide for monitoring activities related to Automated Clearing House (ACH) processing and, in specific embodiments, monitoring activities related to ACH in processing in shared ACH processing environment in which two or more financial institutions share access to the shared ACH processing platform. The monitoring provides for determining that events associated with a respective monitored ACH processes trigger a respective alarm, generating the alarm messages based on the triggering events and providing for computer network access to results of the monitoring including the one or more alarm messages. As such the present invention provides real-time visibility to process owners regarding the health of their processes. Thereby, allowing the process owners the ability to address processing problems as they occur and mitigate overall risk involved in the processing.07-07-2011
20110166981AUTOMATED METHOD AND ARTICLE OF MANUFACTURE FOR FULLY INSURING LARGE BANK DEPOSITS VIA A NETWORK OF BANKS WHEREIN DEPOSITOR'S BANK RETAINS A PORTION OF THE LARGE BANK DEPOSIT AND THE NETWORK DISTRIBUTES THE REMAINDER - An automated method is provided for processing large deposits that exceed an established deposit insurance limit so that the large deposits are fully insured. The large deposits are received by a plurality of unaffiliated banks from their depositors. For selected large deposits received at an unaffiliated bank, a first deposit portion that does not exceed the established deposit limit is retained at the unaffiliated bank that received the large deposit. An order is received from the unaffiliated bank that received the large deposit to process the remaining amount of the large deposit. The processor partitions each of the large deposits into a plurality of second deposit portions, each of which do not exceed the established deposit insurance limit. The processor then assigns at least some of the second deposit portions to at least some of the other unaffiliated banks for deposit therein.07-07-2011
20110166979CONNECTING DECISIONS THROUGH CUSTOMER TRANSACTION PROFILES - An apparatus and method for developing financial risk decisions for a customer associated with a number of different financial services/channels are disclosed. A hierarchy of relationships among the financial services/channels is generated. Transactional behaviors of the customer related to each of the financial services/channels is summarized, using one or more analytical approaches executed on the hierarchy of relationships, to generate a customer level transactional behavior summary. A customer profile associated with the customer is generated which includes the transactional behavior summary and aggregated information on recent financial transactions associated with each of the financial services/channels. A score for a risk decision can be generated for one or more specific services/channels, based on the customer profile.07-07-2011
20110166980MARKETING INVESTMENT OPTIMIZER WITH DYNAMIC HIERARCHIES - A hierarchal view preserving relationships between data is generated by storing information related to sales and investment. The information includes dimensions and each of the dimensions includes a level and each of the levels is described by variables. Relationships between the variables are also stored. A request for a hierarchy is received. The requested hierarchy includes a set of dimensions from the stored dimensions, a level for each dimension in the set, and a sequence of the dimensions or levels in the hierarchy. A computer system calculates values for the variables in the levels for the requested hierarchy using the stored relationships that are applicable to the variables in the levels. A view of the hierarchy is generated and includes the calculated values. The view also includes the dimensions or levels of the requested hierarchy in the sequence specified for the requested hierarchy.07-07-2011
20130013480OPERATION OF A MOBILE COMMUNICATION DEVICE - A method of operating a mobile communication device to communicate with a remote server includes providing software on the mobile device to input data relating to a payment card, authenticating the data relating to the payment card with an authentication authority, and providing by means of the software at least means to selectively set permissions on the remote server in respect of an account associated with the card.01-10-2013
20120066107Method and System for Securing Accounts - Embodiments of the invention provide a method for securing accounts and financial instruments. A user can use a device in communication with the system to enable or disable access to an accounts. The user can disable access to the account to prevent unauthorized account access, including viewing account information or transaction processing. If access to the account is disabled, the substantially all access to the account can be prevented even if the request to access is accompanied by correct account information or correct payment instructions. For example, if access to the account is disabled, the account can be substantially useless until the user enables access to the account.03-15-2012
20120066105ENROLLMENT FOR ELECTRONIC BANKING SERVICES - A method of enrolment for electronic banking services is described. The method involves receiving a transmitted image (or images) of a financial document. The method further comprises: locating banking information from a portion of the image and performing optical character recognition to extract the located banking information. The method also includes locating customer name and customer address information from another portion of the image and performing optical character recognition to extract a customer name and customer address from the located customer name and customer address information. The method uses this extracted banking and/or customer information to enroll the customer for electronic banking services.03-15-2012
20120066108DETERMINING COMMERCIAL SHARE OF WALLET - Commercial size of spending wallet (“SoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“SoW”) is the portion of the spending wallet that is captured by a particular financial company. Commercial SoW is a modeling approach that utilizes various data sources to provide outputs that describe a company's spend capacity. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new account evaluation, and customer management across the lifecycle. Company financial statements are utilized to identify and calculate total business spend of a company that could be transacted using a commercial credit card. A spend-like regression model may then be developed to estimate annual commercial SoSW value for customers and prospects within a credit network.03-15-2012
20120066106Systems and Methods for Monitoring and Optimizing Credit Scores - The present disclosure provides systems and methods that monitor, on a recurring basis, a consumer's behavior as reflected on both the consumer's credit report and other sources, identifies opportunities for optimizing the consumer's credit score, warns proactively of actions that can damage a consumer's credit score, and identifies the right time for consumers to take certain actions, including, but not limited to, actions like applying for a new credit card or closing an existing credit card. The present disclosure also provides systems and methods that implement or can assist in the implementation of the recommended actions on behalf of the consumer.03-15-2012
20120066104FINANCIAL PRODUCT APPLICATION PULL-THROUGH SYSTEM - A method evaluates a prediction set of financial product applications. The method builds a multi-dimensional observation grid of observation grid points, each corresponding to at least one past financial product application in an observation set and each populated with the one or more variable values and the observation result value associated with the past financial product application. The method includes building a multi-dimensional prediction grid comprising a plurality of prediction grid points, each corresponding to a present financial product application in the prediction set and populated with one or more variable values of the present financial product application, each also corresponding to an observation grid point and assigning a prediction result value for each prediction grid point. In some embodiments, the method defines an observation set and a prediction set comprising a past and a present financial product application, respectively, each application including two or more corresponding variable values.03-15-2012
20120022990SYSTEMS AND METHODS OF CREDIT INFORMATION REPORTING - The present invention generally relates to monitoring and advising consumers of their outstanding credit balance by category of debt (i.e. including, but not limited to, the category of all credit cards, all real estate loans, all automotive loans, all revolving credit loans, etc.) and all minimum payments due by category of debt, and more particularly to an on-line method and system for monitoring and reporting total credit used by category of debt, total minimum payments due by category of debt and total unused available credit by category of debt, and alerting the consumer on a periodic basis via email. Since the credit report is the basis of most credit scores this invention is meant to provide the consumer with debt categories that are used in calculating their credit score, which is critical to future borrowing especially when the borrowing is approved or disapproved based only on the user's credit score.01-26-2012
20120022989METHOD AND SYSTEM FOR IDENTIFYING POTENTIAL PARTIES FOR A TRADE OF ONE OR MORE SECURITIES - Methods and corresponding system and non-transitory computer readable media are provide that allow the system to determine a sentiment of one or more potential buyers with regard to one or more securities, identify a primary issuer for a trade of the one or more securities based on the sentiment of the plurality of potential buyers, and communicate the sentiment of the plurality of potential buyers to the primary issuer.01-26-2012
20120022987Personal Data Aggregation, Integration and Access - A data storage archive is provided for storing personal information and other data from a variety of disparate information sources. The information stored may be later electronically accessed and retrieved by users without requiring the users to carry physical documentation having the information stored thereon. The information may be stored in association with a user's financial account at a financial institution. For example, the information may be indexed or stored in an account identified by the user's financial account number or other financial identifier. In some arrangements, accessing the personal information may include a validation process using a security device separate from a device through which a user is attempting to access the information. Personal information may also be shared among financial account holders based on legal and financial relationships known to the financial institution. A user may also manually assign access privileges to other users.01-26-2012
20120059750System and Method for Regulatory Assessment of Financial Institutions - A system and method for assessing a financial institution's capital risk. The method includes the steps of receiving financial information, processing the financial information to obtain a scenario for capital risk, assigning one of a number of predetermined rating categories to the financial institution according to the scenario, applying one or more secondary filters pertaining to additional risks selected by a state regulator to adjust the assigned rating category, and displaying the scenario and the adjusted rating category on a display device.03-08-2012
20110093373System and Method for Chart Pattern Recognition and Analysis in an Electronic Trading Environment - A system and method are provided for chart pattern recognition and analysis. In one embodiment, a graphical interface is provided to enable a trader to select a portion of a chart to be used in the chart pattern analysis. The pattern of the selected portion of the chart could then be used to find one or more similar chart patterns in a user-defined timeframe, such as any future time period or a time period in the past. When a reoccurring chart pattern is found in any future time period, an alert signal can be generated to alert a user of a possibility of the chart pattern reoccurrence. Alternatively, chart pattern matches can be found in a time period in the past, and a set of studies can be applied to the found matches to generate a set of reoccurring indicator values. The reoccurring indicator values can be used in combination with the chart pattern to detect any similar chart patterns in the future.04-21-2011
20120030085Computer-Implemented Method for Financial Analysis - A computer-implemented method for evaluating an investment employs entries and associated impact groups to define analytical lines that represent financial activity of a business entity over time. Distribution factors can be used to allocate the value of the respective entries over corresponding user-defined time periods. Annual entries can be defined and allocated into corresponding entries. Conditional calculations pertaining to the analytical lines can also be carried out. In addition, rules-based logic can be used to adjust dates pertaining to the analytical lines (such as shifting days ahead in manner that accommodates for non working days). The analytical lines are processed to simulate information that forecasts financial activity of the business entity. The user can apply variation factors to numeric values used in the method. Such variation factors permit the method to quickly and conveniently model scenarios that affect a primary entry or item or other calculation.02-02-2012
20120116941System And Method For Determining Implied Market Information - Implied prices and their quantities are computed. Markets are characterized by exhaustively computing one or more combinations of other related markets. Each combination when summed in a particular way results in the market under consideration. In a described embodiment, the number of market combinations found is an exhaustive list of market combinations such that the market under consideration can be fully and completely characterized, such that each combination provides implied market information about the market under consideration. Implied market information can include implied prices and their quantities, which are computed for each combination and used accordingly in displays or used by automated or semi-automated trading tools.05-10-2012
20120059751SYSTEMS AND METHODS FOR MANAGING AND ALLOCATING FUNDS - The application discloses a systems and methods for automatically managing and allocating funds deposited in one or more financial accounts owned by the user. The system allows the user to specify and dynamically modify multiple savings goals and to associate each goal with a savings account. As the user makes deposits or withdrawals from an account, the amount of funds allocated to each of the goals associated with the account are automatically adjusted based on the user's relative preferences for the goals as automatically inferred from the user's interactions with the system. The system may also provide incentive rewards to users as they meet interim subgoals or complete a goal to induce users to successfully achieve their savings goals.03-08-2012
20090150274Distribution of a monetary fund - A method of allocating units in a monetary fund includes the steps of: determining an initial unit allocation for each policyholder of the fund, and periodically allocating extra units to surviving policyholders of the fund. The number of extra units being allocated is based on a probability of availability of units in the fund arising from deceased policyholders.06-11-2009
20120123923STORED VALUE EXCHANGE METHOD AND APPARATUS - An apparatus and method for exchanging one form of stored value for another form of value. In one embodiment, a method for exchanging stored value for an alternative form of value comprises receiving stored value account information relating to the stored value from a remote user device, and determining a market value of the stored value. The method further comprises generating an offer to exchange the stored value for an alternative form of value and sending the offer to the remote user device. An indication of acceptance of the offer from the remote user device is then received and the alternative form of value is exchanged for the stored value. Finally, the stored value is exchanged for another form of value equal to the market value.05-17-2012
20120158566TRANSACTION RATE PROCESSING APPARATUSES, METHODS AND SYSTEMS - The TRANSACTION RATE PROCESSING APPARATUSES, METHODS AND SYSTEMS (“TRP”) transforms merchant transaction-related information, merchant performance metrics, merchant security/management information, merchant risk-based information, and merchant industry-based information inputs via one or more of security-equipment-based adjustment component(s) (SEAC), security-process-based adjustment component(s) (SPAC), risk-tierage adjustment component(s) (RTAC), growth-rate incentive adjustment component(s) (GRIAC), transaction-volume incentive adjustment component(s) (TVIAC), high-risk assessment adjustment component(s) (HRAC), and merchant-industry adjustment component(s) (MIAC) into generated merchant transaction rate and merchant transaction rate incentive outputs that are distributed to individual merchants.06-21-2012
20120158565System and Method for Financial Budgeting - A systems, methods, and devices for enabling a credit holder to securely transmit credit data and set temporary credit limits, distinct from limits set by a lending institution, are provided. One embodiment of the method provides for encrypting credit data over a network through a multiple encryptions prior to enabling a user access to personally set credit limits.06-21-2012
20120158564SYSTEM AND METHOD FOR ACCOUNT MANAGEMENT BASED ON OPEN APPLICATION PROGRAMMING INTERFACE USING RESTFUL WEB SERVICES - A Represental State Transfer (REST) based account management system and method is provided. The REST based account management system includes an open type service application server configured to provide an interface with respect to a client that uses a RESTful web service, manage an access right of the client and call an account management open type interface from an open type service gateway, the open type service gateway configured to provide the open type service application server with account management resources through a RESTful web service, and a billing server configured to charge the RESTful web service while interoperating with the open type service gateway.06-21-2012
20120158562Method and system for restructuring debt - A method and system for restructuring debt are disclosed. The method restructures debt by transferring ownership of defined debt packages from debt holders to third-party debt buyers who function as financial bridges between the debtors and the debt holders. The method accelerates the debt resolution process by executing the debt-restructure agreement early in the debt resolution period, thereby eliminating the need for the debtor to accumulate debt settlement funds in an escrow fund prior to the initiation of settlement negotiations (as is the case in debt settlement), and erasing delinquent debt as soon as the debt-restructure agreement is executed. The method is designed and adapted to execution on a computer network system.06-21-2012
20110087576Client compliance system - A computerized system is established through a network to help business organizations conduct and manage their businesses with anti-financial crimes provisions according to the government regulations and laws, e.g., the Bank Secrecy and the USA PATRIOT Act, and to enable financial institutions to monitor and manage these business organizations with confidence in compliance with the regulatory requirements and applicable laws.04-14-2011
20120109806METHOD FOR DETECTING INELIGIBILITY OF A BENEFICIARY AND SYSTEM - A method and system are presented for identifying improper benefit payments to an ineligible beneficiary. Record data may be accessed from a financial institution and may be analyzed to identify patterns within the banking transactions. Deviations may be identified between a pre-benefit pattern and a post-benefit pattern by applying one or more rules, which may be ranked. The deviations that are identified may be determined to be either in compliance, in noncompliance, or within some acceptable level of compliance. A level of noncompliance outside of a range of acceptable noncompliance may result in generating a request for an action to be taken, such as an audit of the beneficiary. The aforementioned methods may be carried out using a computerized device.05-03-2012
20120109805SIMPLIFYING MIGRATION FROM ONE FINANCIAL CONSOLIDATION APPLICATION TO ANOTHER - Facilitating the migration of financial data from a first financial consolidation application (FCA) to a second FCA. According to one aspect, transactions classified according to categories in the first FCA are migrated to the second FCA associated with values of dimensions, based on a mapping between the categories and the values of the dimensions specified by a user. According to another aspect, substructures storing break up information related to the transactions in the first FCA are migrated to corresponding subset of dimensions in the second FCA, based on the mapping between the substructures and the subset of dimensions specified by a user. Accordingly to one more aspect, accounts specified according to corresponding conventions in chart logics in the first FCA are migrated to the second FCA as corresponding portions of the account hierarchy, while ensuring that the migrated accounts are computed according to the corresponding convention.05-03-2012
20120109804Social Network that enables lending and borrowing between components of the network using auction and reverse auction methods - A software application means comprising a social network for lending and borrowing funds and including a controller that provides a platform for contracting and funds transfer and whereby users bid in an auction platform either to lend or borrow. A means for creating and facilitating a chit fund whereby a group of users submit funds into a large fund after which bidding commences for a lesser amount than the final total value of the sum of user fund submissions and the lowest bidder receives the value of his bid, or in the alternative a prize with a set value that is analogous to the final total value of the user funds.05-03-2012
20120158563MULTIDIMENSIONAL RISK-BASED DETECTION - A computerized method is established to detect suspicious and fraudulent activities in a group of subjects by defining and dynamically integrating multidimensional risks, which are based on the characteristics of the subjects, into a mathematical model to produce a set of the most up-to-date representative risk values for each subject based on its activities and background. These multidimensional risk definitions and representative risk values are used to select a subset of multidimensional risk-weighted detection algorithms so that suspicious or fraudulent activities in the group of subjects can be effectively detected with higher resolution and accuracy. A priority sequence, which is based on the set of detection algorithms that detect the subject and the representative risk values of the detected subject, is produced to determine the priority of each detected case during the investigation process.06-21-2012
20110066533SYSTEM FOR DYNAMICALLY ALLOCATING NATURAL RESOURCES - Systems and methods for creating a dynamic resource trust can receive and distribute physical quantities of a resource at a future date. These systems and methods can be implemented in a computer system that dynamically designs and/or values shares of the trust's resources. These systems and methods can permit potential users of resources to tailor the amounts of resources they obtain under different market conditions in the future, with potentially lower costs than costs associated with futures contracts.03-17-2011
20110066532Apparatuses, Methods and Systems For A High Density Financial Asset Information Display - The disclosure details the implementation of an APPARATUSES, METHODS AND SYSTEMS FOR A HIGH DENSITY FINANCIAL ASSET INFORMATION DISPLAY. The disclosure teaches a High Density Financial Asset Information Display which provides a high density, straightforward, compact, dynamic and comprehensive display interface that presents users with a high volume of easy-to-understand financial asset information including the current buy and sell prices, the current price direction, the amount of time the asset pair is traded at each price, and the change in price over multiple time frames. The High Density Financial Asset Information Display is dynamically updated with the latest financial information and is updated periodically to provide real time changes in a Sparkline that displays the day low, day high, VWAP of a financial asset in a snapshot of twenty minutes with colored directional arrows with color coded trails.03-17-2011
20110066534FINANCIAL MARKET WAGERING - A method for providing a wager in a financial market environment is provided that includes presenting an opportunity to make a wager that is based on a moving market line associated with a financial market. An end user is given an opportunity to bet on whether a financial market value will be above or below the moving market line at a designated time. The wager may be accepted from the end user. The wager may be monitored in order to determine whether the financial market value was above or below the moving market line at the designated time.03-17-2011
20120078766SYSTEMS AND METHODS FOR CUSTOMER VALUE OPTIMIZATION INVOLVING PRODUCT/SERVICE OPTIMIZATION - Systems and methods can provide for customer value optimization. The customer value optimization can include analyzing certain transaction and/or non-transaction data of customers with one or more predictive models to determine predictive modeling scores, values, or indicators. These one or more predictive modeling scores, values, or indicators can be used with other transaction or non-transaction data of customers, either alone or with other derived values/calculations, to provide certain optimizations relating to product/service optimization.03-29-2012
20110106682Systems and Methods for Generating a Metric of Financial Status Relative to a Financial Goal - The present invention relates to, among other things, systems and methods for generating a metric of an entity's financial status relative to a financial goal. In generating the metric, the value of an entity's total assets is simulated over time based on data comprising historical rates of returns. In one embodiment, the present invention provides a computer system and method for generating a metric of an individual's probable present-day financial status relative to financial independence on a desired future date. In this embodiment, the metric is called a Financial Independence Score. The Financial Independence score is a single number that represents the individual's financial status relative to achieving financial independence by a desired date.05-05-2011
20110106680TURBINE OPERATION DEGRADATION DETERMINATION SYSTEM AND METHOD - A system for creating a financial risk model for at least one turbine includes a database storing operational characteristics of one or more turbines and a processing module coupled to the database that receives information from the database and creates the financial risk determination. The processing module includes a performance degradation modeler that receives performance data and creates a model there from and a financial risk calculator coupled to the performance modeler that determines financial exposure to a contract based on the model received from the performance modeler.05-05-2011
20100094742MANAGING TRANSACTION ACCOUNTS - A transaction account verification system and method are provided. A user computing device transmits an account registration request that includes a selection of an account verification technique. A service provider obtains the request and initiates a set of transactions with an identified financial service provider. The service provider generates at least one verification token reflective of the set of transactions and at least one piece of information associated with the selected account verification technique. The user computing device generates at least one user verification token from user input regarding the set of transactions and at least one piece of information associated with the selected account verification technique. The service provider can verify the transaction account and set transaction thresholds based upon matching verification tokens.04-15-2010
20100094741COMPENSATION CONTRACT SUPPORTING SYSTEM, METHOD FOR SUPPORTING COMPENSATION CONTRACT, AND PROGRAM THEREOF - A compensation contract supporting system that supports a compensation contract which provides a customer compensation for a profit risk created by a plurality of risk factors that influence a profit of the customer, comprising: a database for storing statistical data of the plurality of risk factors; a first probability calculation unit for calculating a probability, in which a part of the plurality of the risk factors satisfy a predetermined first condition and remaining plurality of the risk factors satisfying a predetermined second condition using the database, and at least one of the first condition and the second condition being a non-financial condition that is not related to a financial product; and a ratio calculation unit for calculating a ratio between a first compensation amount to be paid or received by the customer when the part of the risk factors satisfy the first condition and a second compensation amount to be paid or received by the customer when the remaining risk factors satisfy the second condition using the probability calculated by the first probability calculation unit.04-15-2010
20100094740FINANCIAL PLANNING AND PLAN EXECUTION - A computer-readable medium stores software that, when executed by a processor, causes the processor to create a financial plan for a user based on financial information provided by at least one of a plurality of financial institutions and the user; retrieve updated data regarding the user provided by at least one of the plurality of financial institutions; compare the data with the plan; output for display the comparison; and schedule at least one transaction with at least one of the plurality of financial institutions based on the comparison.04-15-2010
20090132407Mobile banking vehicle - A mobile banking vehicle that includes an enclosure having a floor, walls and a roof. A door is provided in one of the walls and wheels provide support and mobility to the enclosure. The vehicle includes a conveyance system wherein financial documents are selectively conveyable between first and second ports of the conveyance system. The first port is accessible from within the enclosure and the second port is accessible from a position exterior to and spaced from the enclosure. The conveyance system may take the form of a pneumatically powered conveyance system. Also disclosed is a method that includes moving a mobile banking vehicle having an enclosure from a first to a second location, conveying a financial document between a customer in a second vehicle outside the enclosure and a teller located within the enclosure and conducting a banking transaction associated with the financial document.05-21-2009
20090132406SYSTEM AND METHOD FOR PAPERLESS LOAN APPLICATIONS - In one embodiment, a system for modifying loan documents may comprise a first computer to receive loan documents, transmit the loan documents to an auto-indexing device, receive an indexed set of loan documents, store the loan documents, and enable modification of the loan documents. In another embodiment, the first computer may transmit the loan documents to a second computer for indexing the loan documents, generating a first indexed set of loan documents, and for storing the loan documents. The first computer may command the second computer to modify the first indexed set of loan documents. In another embodiment, a system for transmitting loan documents to lenders may comprise a first computer to receive a plurality of loan documents, transmit the loan documents to an auto-indexing device, receive a set of loan documents, store the loan documents, and transmit the loan documents to a plurality of lenders.05-21-2009
20090132405SYSTEM AND METHOD FOR AUTO-FILLING INFORMATION - Embodiments of the present disclosure provide a plug-in feature for a browser that allows for secure financial transactions on a communication network. The plug-in feature auto-fills transaction information including user-generated information, such as billing and/or shipping information of a user. The plug-in feature allows a user to store receipts in an efficient and convenient manner to track online shopping activities. The plug-in feature generates secure card numbers (e.g., single-use and/or multi-use secure card numbers) to pay for purchases. The plug-in feature may be implemented in a toolbar of a browser.05-21-2009
20090132404APPORTIONING FRAUD LIABILITY - After receiving a notice as to the occurrence of an unauthorized access to financial account information for one or more accounts sufficient for completing one or more financial transactions using the financial account information, a financial service provider assesses the liability for the particular compromise event by analyzing the industry-wide distribution of fraud that would have occurred had the compromise event not occurred, and calculates an incremental amount of fraud that accrued as a result of the compromise event. The incremental fraud is then apportioned to the responsible parties.05-21-2009
20090132403LICENSING INTERFACE FOR USER GENERATED CONTENT - Technologies are described herein for providing a licensing interface for user-generated content. A first interface and a second interface are provided. The first interface enables a user to upload a content item generated by the user. The second interface enables the user to associate a license with the uploaded content item. The license indicates one or more allowable uses of the uploaded content item and a compensation the user is to receive from the distribution of the uploaded content item.05-21-2009
20090132402Settling Over-The-Counter Derivatives Using Synthetic Spot Benchmark Rates - Techniques and systems for settling over-the-counter financial instruments includes sampling over a periodic interval are disclosed. A volume weighted average price of the sampled process may be calculated and forward points may be applied to the volume weighted average priced to determine an associated spot exchange rate. Such a synthetic spot FX exchange rate may be published to subscribers. Over-the-counter financial derivatives may establish delivery obligations according to the spot exchange rate. In the event where a number of transactions during the sampling period is less than a threshold, a midpoint of bids and asks associated with orders for the exchange traded financial derivative may be used to determine an average of the midpoint, to which the forward points may be applied to determine the spot exchange rate. Alternatively, the time-weighted average of the bid and ask orders during a periodic interval may be used in computing the volume-weighted average price.05-21-2009
20120317009METHOD AND SYSTEM FOR DETERMINING, CONTRACTING TO EXCHANGE, AND ACCOUNTING FOR MATCHED SETS OF OFFSETTING CASH FLOWS - Among other embodiments, methods and systems are disclosed for determining one or more sets of structured cash flows corresponding to a graph having one or more nodes corresponding to one or more exchange definitions or swap transactions. The net present value of a structured cash flow may be substantially zero, and may correspond to a maximum notional amount, a maximum flow, or a minimum cut.12-13-2012
20120233047METHOD AND SYSTEM FOR STRUCTURING A MORTGAGE - Methods and systems are configured to structure a collateralized loan such that a borrower's future income is factored into the determination of payment amounts due to a lender. The methods and systems disclosed herein provide benefits to both lenders and borrowers and, regarding real estate purchases, may expand the pool of buyers that qualify for certain mortgage amounts.09-13-2012
20120317008Computer-Implemented Systems And Methods For Handling And Scoring Enterprise Data - Systems and methods for storing transaction data associated with transactions of disparate types are provided. Transaction data is received describing a transaction that has occurred, the transaction being performed by an customer of a particular customer type and the transaction being performed using a channel of a particular channel type. Transaction data about the customer is stored in an customer segment according to one of a plurality of customer templates, the one of the plurality of customer templates being selected according to the customer type. Transaction data about the channel is stored in a channel segment according to one of a plurality of channel templates, the one of the plurality of channel templates being selected according to the channel type. Data from the customer segment, the activity segment, and the channel segment for the transaction is extracted and scored by a predictive model.12-13-2012
20120084189METHOD FOR COSTING, FINANCING AND MANAGING PERPETUAL DIGITAL STORAGE AND ACCESS (ARCHIVING) - A technical and commercial method of managing information is provided including the investment of company funds in a trust/foundation and or utilization of a Financial Instrument associated with the long term or perpetual Storage and Access of the information or intellectual property (IP). The Financial Instrument provider or trust/foundation manager is the Custodian of the instrument/trust/foundation and responsible for assuring the fees are paid to the designated Trustee for the perpetual or long term maintenance of the Digital Information in a safe repository accessible via various modern operating systems and hardware. Further, the Financial Instrument/Trust/Foundation can be managed separately from the Trustee to further ensure its enduring integrity and long term viability, though the fees are applicable to continued access to the Digital Content in the safe repository through an electronic communications network.04-05-2012
20120123924VIRTUAL CURRENCY CONFIGURATION APPARATUSES, METHODS AND SYSTEMS - The VIRTUAL CURRENCY CONFIGURATION APPARATUSES, METHODS AND SYSTEMS (“VCC”) transform requests for on-demand and flexible monetization and related services via VCC components into currency transfers, purchase receipt notifications, social networking communications and transaction analytics reports. In some embodiments, the VCC obtains a request to convert a sale price provided in a real currency into a sale price in a virtual currency. The VCC accesses a database to obtain at least one virtual currency management rule provided by a merchant. The VCC identifies one among the at least one obtained virtual currency management rule to apply for converting the sale price provided in the real currency into the sale price in the virtual currency, and calculates the sale price in the virtual currency from the sale price provided in the real currency using the identified virtual currency management rule. The VCC provides the calculated sale price in the virtual currency in response to the request.05-17-2012
20090119195Trade Strategy Monitor Tool - Described are methods and systems, including computer program products, for trade strategy monitoring. A plurality of trade strategies are installed in the single window of a strategy monitor and the trade strategies are activated to execute automatically and independently of one another. The plurality of trade strategies can include a first trade strategy with a value of a parameter that is different from the value of a parameter of a second trade strategy.05-07-2009
20110112947Number for personal retirement - The object of the invention is to calcuate how much money may be spent per year from a retirement account over a client defined retirement period. The invention calculates a withdrawal amount or number or THE NUMBER FOR PERSONAL RETIREMENT. THE NUMBER is calculated from a complex formula using a hypothetical withdrawal amount compared to a remainer. When the absolute value of the remainder is less than the withdrawal amount, the withdrawal amount is correct within a range of answers. The range of answers is most accurate as the remainder diminishes to zero.05-12-2011
20130013474System and method for modifying an index-based hierarchal cost model of a complex system - A method is provided of modifying a hierarchal cost model of a multi-component system over a time period of the model extending from a historical time to a future time, wherein the model is built from item cost indices, each of which is built from one or more commodity price indices created from market data. The model is stored in memory of a computer system that includes a processor, a user input device and a display. The method includes the steps of selecting an item from the model, selecting a time from the model time period (the selected item time), and inputting a user selected cost of the item for the selected time. The processor modifies the item price index to create a custom item price index based on the input item price, the selected item date, and the item's constituent cost indices, and stores the custom price index in the memory. The method may further include modifying the cost model to create a custom cost model based on the custom item price index, and storing the custom cost model in memory. The custom item price index and all aspects of the custom model can then be used and displayed as before.01-10-2013
20120221451Method and System for a Contract Option - This invention provides a novel method and system for instantiating a data structure comprising a contract option including a disjunctive capability, of especial utility in enabling a new way of selling commodities or services. Rather than being a right to buy a unit of a type of item at a specified price, as is known to the prior art, the present invention enables one to secure a right to buy at least one unit of one of n-types of items at a predetermined legal consideration.08-30-2012
20120130879METHOD AND SYSTEM FOR EXCHANGING FINANCIAL-TRANSACTION-RELATED MESSAGES OVER A COMMUNICATIONS NETWORK - At a first functional entity, a financial-transaction-related message destined for a destination associated with a second functional entity is received. The financial-transaction-related message is assessed for compliance with a fundamental message format and, upon assessing that the financial-transaction-related message is not compliant with the fundamental message format, a translation of said financial-transaction-related message into a translated message that is compliant with the fundamental message format is effected and the translated message is released towards said destination. The translated message is then received at the second functional entity, and the translated message is assessed for compliance with a message format that is employed by the destination. Upon assessing that the translated message is not compliant with a message format that is employed by the destination, the translated message is translated into a re-translated message that is compliant with a message format that is employed by the destination.05-24-2012
20120130878Electronic Centralized Margin Agreement Registration and Management System - A margin management system facilitates processing of a margin management action required under a margin agreement between at least two authorized computers connected to send and receive communications over a wide area network. The authorized computers may be associated with a number of authorized parties who are each a party under one or more margin agreements registered with the system. The system includes at least one intermediate computerized communications system connected to send and receive communications to each authorized computer. The intermediate computerized communications system is configured to receive an initial registration request of a margin agreement from one of the authorized computers, create a record of the margin agreement, forward a notification to an authorized computer associated with a party identified as an alleged counterparty, and receive a response from the alleged counterparty including whether it agrees to details included in the margin agreement and the initial registration request.05-24-2012
20120130877Method And Apparatus For Processing Sales Transaction Data - A system provides a way to manage agreements that institutions such as financial services companies have with distributors who sell their products. Each distributor has a plurality of sales representatives that earn commissions for selling such products. The commissions earned and any other constraints imposed on the sales representatives may be defined within a selling agreement. The system can generate each selling agreement utilizing a set of components representative of the type of agreement formed between the institutions and the distributor. The components of each selling agreement contain an associated rule set that enables a configuration engine to generate an appropriate document. The system also contains a set of regulatory conditions for each sale made by the sales representatives. The system may be utilized to process sales transaction data to ensure that selling agreement terms are followed and that regulations for each sale are satisfied.05-24-2012
20120130876System, Method and computer program for operating web-based collective e-money lending/borrowing circles between members and non-members of social networking websites - A system, method and computer program for implementing a web based solution, allowing members of a social networking website and/or the general public to carry out trust based collective e-money lending/borrowing circles called ‘PartnerHands’, in which members divide the cost of a larger amount of e-money, equally between themselves and collectively pay in the smaller amounts over a mutually agreed period of time. Each member of the group then takes a turn in skipping one payment and receiving the full amount as an interest free loan. Once everybody within the PartnerHand has received the collective amount once the PartnerHand agreement ends.05-24-2012
20120166324Method and Apparatus for Organising Financial Data - A method of organising financial data is described in which financial data is obtained from one or more data source and imported into a computer program. The data may, for example, be bank account data obtained from a bank via a wireless connection. The computer program modifies the data so obtained into a format suitable for presentation to a user. At least some of said electronic data is obtained without being manually entered by an operator.06-28-2012
20090024507UNIQUE VERSATILE AXPERT EXECUTOR ENGINE WHICH CAN INTERPRET AND EXECUTE TRANSACTION STRUCTURES AND INFORMATION VIEWS TO BUILD INFORMATION SYSTEMS - A technology platform which facilitates the business and domain users to build real time enterprise applications like SCM, CRM, and ERP etc without any knowledge of coding. It saves all business rules, access-control mechanism, business logic, related parts and otherwise middle-tier of any application as metadata within a database. Enterprise applications are built by doing high level definitions and not by writing software programs, the application is defined as process structures that are stored in XML format in the database. It stores the Business logic in the database as “Process Structures” thereby making the application server redundant. The process structures are then read and rendered by the Structure Execution and Management (STEM) which consists of execution services and management services. It can interpret and execute transaction structures and information views. This makes information system building simple and quick. The technology reduces a developer's job to a great extent because it only requires elementary knowledge of SQL.01-22-2009
20120215671System and Method for Displaying Market Information and Order Placement in an Electronic Trading Environment - A system and method are provided for displaying a trading screen and placing an order in an electronic trading environment. The system and method may be used to assist a trader in selecting an item of interest, such as the inside market (best bid and best ask) to be displayed relative to a user configured location on the trading screen, such as the center of the trading screen. In a preferred embodiment, the inside market will stay located relative to center of the trading screen and the price levels associated to the inside market will move as the market conditions fluctuate. Other features and advantages are described herein.08-23-2012
20120136769CONDUCTING FINANCIAL TRANSACTION - A payment device such as a debit card may be issued to an individual such as a minor. The debit card may be associated with spending control parameters to prevent overspending and other financial issues. Control parameters may include a weekly maximum that may be spent, approved transaction types (e.g., deposits only), authorized transaction entities (e.g., grocery stores, gas stations, etc.). Thus, transaction might only be approved if the transaction qualifies under the set control parameters. An individual may further access a banking interface that allows the individual to view financial education materials, games, savings trackers and the like. A savings tracker may be used to help an individual save money toward a particular goal. In one or more configurations, a parent, guardian or primary account holder may have the ability to modify control settings of the payment device and/or modify the banking interface (e.g., change the options available).05-31-2012
20120136768DEBT TRENDING SYSTEMS AND METHODS - A debt trending device accesses credit reports and/or other financial data that is available from one or more financial data sources, for a user and extracts financial account information. The debt trending device may then analyze the account information in order to generate debt trending information that indicates in the form of lists, tables, graphs, charts, etc., information regarding multiple debt accounts associated with the user.05-31-2012
20120136767Electronic Centralized Margin Management System For Managing Actions Such As Substitution of Collateral Under Margin Agreements - A system and method for facilitating processing of a substitution of collateral requested from one authorized computer, identified as a request originator, to another authorized computer, identified as a request receiver, over a wide area network, is disclosed. The system includes at least one intermediate computerized system connected to send and receive communications to each authorized computer. The intermediate computerized system is configured to receive, from an authorized computer associated with the request originator, a request for substitution of collateral established in an account under a registered margin agreement, forward a notification of the substitute request to an authorized computer associated with the request receiver identified as a counterparty to the registered margin agreement, receive a response from the request receiver including whether it agrees, revises, or rejects the substitution request, and forward the response from the request receiver to the request originator.05-31-2012
20120136766Electronic Centralized Margin Management System For Managing Actions Such As Margin Recalls Under Margin Agreements - A communications system and method for storing records of registered margin agreements are described. The system and method facilitate processing of a recall of collateral requested from one authorized computer, identified as a request originator, to another authorized computer, identified as a request receiver, over a wide area network. The system includes at least one intermediate computerized system connected to send and receive communications to each authorized computer. The intermediate system is configured to receive, from an authorized computer associated with the request originator, a recall request of collateral established in an account under a registered margin agreement, forward a notification of the recall request to an authorized computer associated with the request receiver identified as a counterparty to the registered margin agreement, receive a response from the request receiver including whether it agrees or disputes the recall, and forward the response from the request receiver to the request originator.05-31-2012
20110184846Universal Payment Protection - A system for and method of providing payment protection upon the occurrence of trigger events. The system and method include an account, which may be associated with a credit card or other financial product. An accountholder may select trigger events and associated benefits. Upon the occurrence of a trigger event, the issuing entity will evaluate whether the accountholder is entitled to receive an associated benefit. Each benefit is intended to address at least one payment obligation. For example, an account may include payment protection in the form of automatic payment of minimum monthly credit card fees should the accountholder involuntarily become unemployed.07-28-2011
20110184845METHOD AND SYSTEM FOR IMPLEMENTING AND MANAGING AN ENTERPRISE IDENTITY MANAGEMENT FOR DISTRIBUTED SECURITY IN A COMPUTER SYSTEM - A method and system for facilitating the management of user identities includes an ownership component, a registration component, and a servicing component. When a user first desires to access a system using the present invention, the registration component verifies the user's ownership of the underlying account by asking a variety of questions. Thereafter, when a user desires to service his account, the user may be re-queried to determine if he is attempting to access the correct information. An authentication and access component provides the functionality to access a system of the present invention. An audit component can be configured to periodically monitor the various accounts to ensure a continued linking between users and accounts.07-28-2011
20110184844High Speed Processing of Financial Information Using FPGA Devices - A high speed apparatus and method for processing a plurality of financial market data messages are disclosed. With respect to an exemplary embodiment, a record memory is employed to store a plurality of records for a plurality of financial instruments, and a reconfigurable logic device is employed to (1) receive financial market data messages, (2) retrieve from the record memory the records for the messages' associated financial instruments, (3) process each received financial market data message to update the record for the financial instrument associated with that message, and wherein each record comprises an interest list that identifies whether any of a plurality of entities have expressed an interest in being notified of data relating to the updated record.07-28-2011
20100174632CHECK DESTRUCTION TRACKING AND RECONSTRUCTION - A method for check destruction tracking and reconstruction relates to tracking the destruction of financial institution items, such as paper checks. The method includes transferring the financial institution items to a bin for transporting the items to be destroyed. The bin is associated with a bin identifier. The items which are in the bin are identified and the bin is transported for destruction. If the items are safely transported and safely destroyed, a notification of destruction of the items in the bin is sent. If the items are either not safely transported or not safely destroyed, a notification of an incident is sent. Appropriate action may be taken in response to receiving such notification.07-08-2010
20100174631Secure device firmware - The present invention provides a method and a device using a secure firmware for secure electronic transactions. This firmware realizes two main functions: (1) providing protection for transaction, and (2) providing a unified standard interface for application programs.07-08-2010
20120254001METHOD AND SYSTEM FOR PROVIDING AN AGREEMENT WITNESS SERVICE - A method and system for providing an agreement witness service whereby when two parties desire to enter into an agreement/transaction, a first party provides contact data for a first party computing system and the second party sends an “agreement acknowledgement request message” to a witness service provider system. The witness service provider system then generates an agreement code and attaches the agreement code to the agreement acknowledgement request message, thereby transforming the agreement acknowledgement request message into an “agreement acknowledgement message”. The agreement acknowledgement message is then sent to the first party. The first party then provides the agreement code to the second party and the agreement code is stored as evidence of the first party's acknowledgement of the agreement/transaction.10-04-2012
20120254002CENTRALIZED FINANCIAL MANAGEMENT TOOL AND METHOD OF USE - A system and method of providing a centralized financial management tool which includes a financial application module implemented on a network device. The network device includes a linking interface which operates with the financial application module. The module, via the linking interface, sends requests in the form of messages compliant with a standardized messaging scheme, to receive account information of the user's different accounts from one or more different subscribed financial institutions. The module receives account information of the user's different accounts in the form of messages compliant with the standardized messaging scheme from the subscribed financial institutions. The module compiles and displays the account information for the user's different accounts in a user interface. The compiled account information can be categorized to allow the user to analyze, budget, and seek information from other users and financial advisors as well as perform any other financial management related functions on any of the user's different accounts.10-04-2012
20120173399DETERMINING LEADING INDICATORS - Embodiments of the present invention relate to methods and apparatuses for determining leading indicators and/or for modeling one or more time series. For example, in some embodiments, a method is provided that includes: (a) receiving first data indicating the value of a total income amount for a plurality of consumers over a period of time; (b) receiving second data indicating the value of a total debt amount for a plurality of consumers over a period of time; (c) selecting a consumer leverage time series that compares the total income amount to the total debt amount over a period of time; (d) modeling the consumer leverage time series based at least partially on the first and second data; (e) determining, using a processor, the value of the cycle component for a particular time; and (f) outputting an indication of the value of the cycle component for the particular time.07-05-2012
20120173400Distribution of Electronic Market Data - A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial.07-05-2012
20120173398Apparatuses, Systems, and Methods for Health and Wealth Planning - Apparatuses, systems, and methods for estimating retirement costs for an individual are disclosed. The embodiments of this disclosure enable individuals to integrate the projected cost of healthcare into their retirement financial planning Embodiments of methods for estimating retirement costs for an individual may begin by receiving individual biographic data and individual healthcare data. Embodiments of the method may also include associating the individual healthcare data with one or more diagnosis related groups (or episode treatment groups). In some embodiments, the method may include estimating healthcare costs for each of the one or more diagnosis related groups based on historic healthcare records. In some embodiments, the method may further include calculating total healthcare costs in response to the estimated healthcare costs and the individual biographic data.07-05-2012
20120173397METHOD AND SYSTEM FOR OBTAINING USER DATA FROM THIRD PARTIES - A method and system for obtaining user data from a third party whereby a user of a data management system agrees to allow the data management system to obtain user data associated with the user from a third party target site computing system. A distributed client is then implemented on, or otherwise associated with, one or more user computing systems used by the one or more users to access the target site computing system. A data management system provider computing system then makes a request to the distributed client, and the user computing system, to obtain desired data from the target site computing system. The distributed client(s) then accesses/access, directs the user computing system(s) to access, or waits for the user(s) to next access, the target site computing system. The target site computing system is then securely accessed by the user computing system, thereby by-passing any selective blocking/failure filters, and the requested data is accessed and provided to the data management system provider computing system.07-05-2012
20120254004Method 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.10-04-2012
20080306849Methods, systems and computer program products for interacting with ISO 14443-4 and MIFARE applications on the same wireless smart device during a common transaction - Methods, systems, and computer program products for interacting with ISO 14443-4 and MIFARE® applications on the same wireless smart device during a common transaction are disclosed. According to one aspect, the method includes detecting and communicating with an ISO 14443-4 application located on a wireless smart device that includes an ISO 14443-4 and a MIFARE® application to perform at least part of the common transaction. Termination of the ISO 14443-4 application is detected, and the MIFARE® application located on the wireless smart device is detected and communicated with for performing at least part of the common transaction.12-11-2008
20100049645Exhibiting Method of Exhibition - The present invention involves an exhibiting method of exhibition. The present invention comprises the following steps: first, mount a display terminal in an exhibition building and/or at an exhibiting booth, and mount an image pickup device at the position where the content to be exhibited is located; second, send the video shot by the image pickup device about the content to be exhibited via network to the display terminal mounted in the exhibition building and/or at the exhibiting booth, and visitors view the content to be exhibited via the display terminal. An exhibitor can at anywhere send the content to be exhibited via network video to the exhibition building and/or the exhibiting booth for the visitors to view, so, the high cost of traveling, accommodation, etc. is saved, and, the time for transporting the exhibits and the traveling time of the exhibitors are completely saved. The technical problem of the existing exhibiting method of exhibition that the exhibitors need to spend a lot of time and cost is saved.02-25-2010
20100049643ONLINE BILLPAY MEMO DATA - Apparatus and methods for improving online bill payment processes are provided. Online bill payment typically involves a paying party (“payor”), an intermediary (such as a bank, a billpay service or a billpay network) and a payee. In some embodiments, the apparatus and methods may provide optional file attachments that may be communicated from a payor (initiator) to a payee (recipient). Such attachments might include a signed contract for products or services, a payment stub with descriptive details of the payment, a photo of an item being purchased, or any other document that the payor wishes to send in connection with the payment transaction.02-25-2010
20100049642ONLINE BILLPAY ATTACHMENTS - Apparatus and methods for improving online bill payment processes are provided. Online bill payment typically involves a paying party (“payor”), an intermediary (such as a bank, a billpay service or a billpay network) and a payee. In some embodiments, the apparatus and methods may provide optional file attachments that may be communicated from a payor (initiator) to a payee (recipient). Such attachments might include a signed contract for products or services, a payment stub with descriptive details of the payment, a photo of an item being purchased, or any other document that the payor wishes to send in connection with the payment transaction.02-25-2010
20100274701METHOD AND APPARATUS FOR PROVIDING PRE-EXISTING CUSTOMERS AND PROSPECTIVE CUSTOMERS WITH AN IMMEDIATELY ACCESSIBLE ACCOUNT - A system and method for providing in real-time an immediately accessible customized transaction account via the internet is disclosed. In particular, the system and method recognizes distinct access codes which are correlated to the credit profile of a person accessing an on-line application system via a computer network. During operation of the invention, a party may be driven to the on-line application system via the internet to conduct a transaction in response to an invitation to enroll in a special program. Upon entering the on-line application system, the accessing party may be unilaterally given the opportunity to apply for a special offer, which has been tailored to the accessing party's credit profile.10-28-2010
20100274699ECONOMIC INTELLIGENCE - Aspects of the invention provide for the use of transactional data in the calculation of sub-scores that may be used in an index score. The sub-scores may include an account sub-score, an investment sub-score, and/or a discretionary sub-score. One or more sub-scores that represent an individual, an entity, or an economic sector may be used to create an index. Further aspects relate to calculating novel indices that more accurately represent and/or predict economic conditions.10-28-2010
20080301019PREPAID CARD FRAUD AND RISK MANAGEMENT - A method of monitoring fraud associated with prepaid devices includes configuring fraud platform parameters which comprise one or more limits defined by one or more values, each limit associated with a particular platform parameter, one or more thresholds defined by one or more values, each threshold associated with a particular platform parameter, and one or more rules that define restrictions for certain prepaid device activities. The method further includes applying the fraud platform parameters to prepaid device production data and determining whether to issue the prepaid device depending on whether any parameters were triggered by the production data.12-04-2008
20120179589METHOD OF IDENTIFYING A MORTGAGE INTEREST RATE - A method of identifying a mortgage interest rate is provided that allows a user to identify, using a computing device processor, a more precise interest rate for a mortgage given limited information. In an embodiment, the method allows the user to identify the interest rate given only the original balance, the loan term, and two consecutive balances. The method provides for iterative comparisons between principle and interest (PAI) amounts calculated using different methods. When the two PAI amounts are about equal, the interest rate used to calculate both PAI amounts is the interest rate of the mortgage. The method utilizes constants derived based on the PAI amount to amortize a predetermined amount, such as $1, over the loan term of the mortgage. A method of offering refinancing using the interest rates determined by the method is also provided.07-12-2012
20120179591PREPAID CARD FRAUD AND RISK MANAGEMENT - A method of monitoring fraud associated with prepaid devices includes configuring fraud platform parameters which comprise one or more limits defined by one or more values, each limit associated with a particular platform parameter, one or more thresholds defined by one or more values, each threshold associated with a particular platform parameter, and one or more rules that define restrictions for certain prepaid device activities. The method further includes applying the fraud platform parameters to prepaid device production data and determining whether to issue the prepaid device depending on whether any parameters were triggered by the production data.07-12-2012
20120179590ALGORITHMIC TRADING SYSTEM AND METHOD - A system and method for allowing market participants to evaluate the likelihood of finding hidden volume. The model can predict hidden volume and assess the probability that a market order will be executed within the spread and better than the mid-quote. The cost per immediate execution can be assessed.07-12-2012
20100306094SYSTEMS, METHODS, AND APPARATUS FOR IDENTIFYING PAYEES FROM CLEARED ITEMS POSTED TO A FINANCIAL ACCOUNT - Systems, methods, and apparatus for identifying payees from cleared items posted to a financial account are provided. Information associated with one or more cleared items posted to a financial account of a consumer may be obtained. Based at least in part on the obtained information, at least one payee may be identified. A suggestion to add the identified at least one payee as one of an electronic biller of the consumer or a payee of the consumer for online payment functionality may be generated, wherein receiving an acceptance of the suggestion facilitates activation of an associated service for the consumer by a service provider. The generated suggestion may be transmitted to a network entity for presentation to the consumer.12-02-2010
20110106681ENTITY MANAGEMENT METHOD AND SYSTEM USING WIRELESS DEVICES - A method of providing information about a plurality of entities within a cash processing centre, the method comprising coupling a first entity with a first wireless device, coupling a second entity with a second wireless device, reading data associated with both the first and second wireless devices, pairing data associated with both the first and second wireless devices and retrieving information concerning the relationship between the first entity and the second entity based on the pairing. The entities are typically objects within the centre and the wireless devices are transmitters and/or receivers.05-05-2011
20090327115FINANCIAL EVENT AND RELATIONSHIP EXTRACTION - For automated text processing, the inventors devised, among other things, an exemplary system that automatically extracts financial events from various unstructured text based sources, such as press releases and news articles. Extracted events, such as mergers & acquisitions, earnings guidance reports, and actual earnings announcements, are represented as structured data records which can be linked, searched, and displayed and used as a basis for controlling accessing to the source documents and other related financial documents for named entities.12-31-2009
20120284155DATA ANALYSIS SYSTEM - A data analysis system (11-08-2012
20120284156Method And System For Financing Acquisition of Vehicles - In one embodiment of the present invention, a method for financing acquisition of a vehicle is disclosed. The method comprises receiving a future interest in a vehicle in consideration for a future interest price upon transfer of a legal title in the vehicle in consideration for a legal title price.11-08-2012
20120221452DETERMINING COMMERCIAL SHARE OF WALLET - Commercial size of spending wallet (“SoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“SoW”) is the portion of the spending wallet that is captured by a particular financial company. Commercial Soft is a modeling approach that utilizes various data sources to provide outputs that describe a company's spend capacity. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new account evaluation, and customer management across the lifecycle. Company financial statements are utilized to identify and calculate total business spend of a company that could be transacted using a commercial credit card. A spend-like regression model may then be developed to estimate annual commercial SoSW value for customers and prospects within a credit network.08-30-2012
20090018941EQUITY HOLDER LAND TRUST BUSINESS METHOD - A method for transferring real property ownership includes locating real property having an identified owner. A non exclusive purchase option is prepared to acquire interest in a land trust associated with the real property when predetermined conditions are satisfied. An offer is presented to the owner including an agreement for an investor to assume responsibility for the real property, and the purchase option for the real property in exchange for the owner establishing a revocable inter-vivos land trust associated with the real property and naming the investor as a remainder agent and co-beneficiary to the trust. A qualified independent 301-15-2009
20090018939AUTOMATED FLOAT PRICING FOR GEOGRAPHICALLY DISTRIBUTED DEPOSITS AND ACCOUNTS - An automated system can be provided for continuously and accurately assigning float to deposit credits within a financial institution. A normalized market segment is continuously assigned to each account by extracting information from a plurality of disparate demand deposit account systems. Deposit credits are gathered from disparate known capture sites and the normalized market segment is assigned to a deposit credit for a corresponding account. A float assignment can then be made for a deposit credit so that the float reflects both a deposit location and current domestic information for the corresponding account. A system for implementing the invention can include a float system connected to a transaction exchange system.01-15-2009
20090018940Enhanced Fraud Detection With Terminal Transaction-Sequence Processing - A computer-implemented fraud detection system and method are disclosed. A method includes monitoring past customer account transactions conducted with a selected one or more transaction devices, and generating a predictive model that combines customer account transaction profiles with transaction device profiles related to the one or more transaction devices, and storing a representation of the predictive model in a storage. A system for detecting fraud in financial transaction includes a fraud detection computer that receives, through a communications network, customer account transaction data obtained by a monitoring device of a transaction device according to one or more transaction device variables of a transaction device profile.01-15-2009
20120259753SYSTEM AND METHOD FOR MANAGING COLLABORATIVE FINANCIAL FRAUD DETECTION LOGIC - A system and method for sharing detection logic is disclosed. Detection logic may be uploaded to a network. Detection logic may shared by for example enabling devices to download detection logic from the network. Detection logic may be provided to a detection system that may operate based on the provided logic to detect risks. A detected risk may be related to financial transactions. Other embodiments are described and claimed.10-11-2012
20120233046PROVIDING STATIONERY ASSET INFORMATION - A method and system for providing stationary asset information. A method includes receiving a request from a user for information related to stationary assets in a geographic area, collecting information related to stationary assets in the geographic area from at least one entity, converting the information and providing the converted information to the user. A system includes a first computer arranged to support an electronic user interface, wherein a user can request information related to stationary assets in a geographic area through the electronic user interface; and between the second computer and at least one entity. The second computer is arranged to collect information related to stationary assets in the geographic area from the entity. The information may be collected from a plurality of entities and may relate to assets located above or underground.09-13-2012
20120265659LOAN REPORTING ASSOCIATED WITH REAL ESTATE - Aspects described herein provide techniques for providing information on real estate loans. First user input indicating a request for identifying at least one exception for data elements associated with at least one real estate loan may be received. The at least one exception may be representative of a conditionally acceptable data element value or an unacceptable data element value. Data for the at least one real estate loan may be compared with business rules data concerning unconditionally acceptable values of the data. The at least one exception may be identified based upon the comparison. Second user input indicating one of a verification of the at least one exception for the conditionally acceptable data element value or a change of the value for the at least one exception for the unacceptable data element value may be received.10-18-2012
20100312682Consumption Investment System - A consumption investment system permits consumers to deposit value corresponding to their consumables in an investment consumable account as principal, and accrue benefits based on the principal. As with a bank account, the accrued benefits may be based on an interest rate or market valuations, and the consumer may withdraw the accrued benefits based on terms of a contract. Many types of consumable investment instruments may be used much like other types of investments. For example, mutual consumable funds may be established where values of consumables of many participants are pooled, and participants may receive benefits based on corresponding contributions. Consumers that invest in a particular fund (or other consumable investment such as a bank consumable account) may build natural interest and loyalty to the particular fund such as occurs with financial mutual funds. In this way, consumer loyalty may be engendered toward suppliers of consumable items based on capital already invested in the suppliers by way of consumable accounts such as consumable deposits or mutual consumable funds.12-09-2010
20100325026ANTI-CRIMES FINANCIAL NETWORK - A computerized system is established through a network to help business organizations conduct and manage their businesses with anti-financial crimes provisions according to the government regulations and laws, e.g., the Bank Secrecy and the USA PATRIOT Act, and to enable financial institutions to monitor and manage these business organizations with confidence in compliance with the regulatory requirements and applicable laws.12-23-2010
20080301020METHOD AND SYSTEM FOR BUSINESS CARD FUNCTIONING AS A PREPAID DEBIT CARD OR GIFT CARD - A novel approach enables a customized smart business card that combines key features of a business card and a debit/gift card. The card not only carries information about a provider (a person and/or a business corporation who provides the card as a gift to the receiver), the card also functions as a prepaid/gift card, enabling the recipient of the card to purchase a product or service using the money/credit provided.12-04-2008
20080301021Systems and methods for NACHA compliant ACH transfers using an automated voice response system - Embodiments of the invention described a method for processing an ACH transfer in compliance with NACHA regulations. The method comprises receiving a request, through a phone call from a customer, to initiate an ACH transfer, the request including at least an account identifier and a payment amount. The method confirms the ACH transfer using speech recognition software and an interactive voice response unit, wherein the customer's identity, the date of transfer, the account identifier, the payment amount, a contact phone number, and the date of the confirmation, are confirmed by the customer using a verbal response recognized by the speech recognition software. This method also includes, recording, using a recording server, the verbal response of the customer in a sound file, tagging the sound file with at least the field of an account identifier, and storing the sound file for at least two years in a data repository.12-04-2008
20080301017FORMATION AND REARRANGEMENT OF AD HOC NETWORKS - Systems and methods for the formation and rearrangement of ad hoc networks and more particularly to systems and methods for sharing bandwidth in ad hoc networks. The method comprises broadcasting a table to at least one potential lender requesting pertinent lender information and receiving the table from the at least one potential lender with the pertinent lender information. The method further includes selecting one or more lenders of the at least one potential lender which meet preset criteria and establishing an ad hoc network with the one or more lenders based on the selecting.12-04-2008
20080301016Method, System, and Computer Program Product for Customer Linking and Identification Capability for Institutions - In an enterprise where a database maintains multiple accounts for one or more business customers, a method, system, and computer program product correctly links accounts which are associated with a single location of a common business. Further hierarchical linkages are established between accounts associated with multiple locations of the common business. The linkages are established via matching rules, the matching rules including provisions for optimizing the quality of the account data, integrating account-related data from external sources, and assigning quality-of-matching factors to different kinds of account data. Both internal and external account data are utilized to create an integrated view, or “business demographics”, of the business structure of the single common business shared by the linked, hierarchically-related accounts. Separate accounts of separate businesses which are nonetheless related accounts may be associated with each other. Feedback loops may be used to correct both erroneous data and the linking rules.12-04-2008
20080301023Multi-Channel and Cross-Channel Account Opening - Embodiments as described herein include methods and a system for multi-channel and cross-channel account opening. An applicant may start an account opening process in one channel and move to one or more other channels without any application data being lost. A financial management system (FMS) provides a single account opening platform for multiple financial institutions (FIs) such that an application to open an account is handled by the FMS platform using shared resources among channels, and applying rules specified by each FI.12-04-2008
20110004538MULTI-LEVEL TRANSACTION FLOW MONITORING - An apparatus for monitoring transactions in a computer system includes monitoring events reported by components of the computer system responsively to a flow of the transactions through the system. A state machine model and a rule-based model are jointly applied to the monitored events, so as to identify respective transaction-level events and business-level events. A status of the flow of the transactions is assessed responsively to the transaction-level events and the business-level events.01-06-2011
20120239541ACTIONABLE ALERTING - A technique involves processing a first event, maintaining state associated with the event, sending an alert on a stateless communication channel to a registered destination of an account holder associated with the event, processing a second event such as an expected response to the alert, updating the maintained state, and closing, reminding, or escalating in response to the second event. The technique can also include aggregation of events.09-20-2012
20120239540SYSTEMS, DEVICES AND METHODS FOR AUTOMATIC DETECTION AND MASKING OF PRIVATE DATA - Private, personal, secret, or otherwise sensitive data is masked or redacted in response to receiving an event signal indicative of an occurrence, if any, of at least one of a number of defined events associated with the set of data. The data to mask is detected by matching it to one or more defined patterns and then validating it, in the case of the data being a financial account or credit card account number, by using a validation process, such as the Luhn algorithm. Among others, the defined event may be a transmission of the data between a host computer system and a terminal emulator, an entry of the data into a host screen, or an export of a set of host screen data to an external application by an end user computer system.09-20-2012
20110131125Correspondent Bank Registry - Methods and systems are provided for facilitating the transfer of information relating to risk management, such as, for example information directed towards compliance with the USA PATRIOT Act and certification of a foreign correspondent bank. Generally, the a foreign bank or other entity can provide a risk management clearinghouse with information relating to compliance with government requirements, or other information, and allow the risk management clearinghouse to convey to information in whole or in part to interested parties. Centralized distribution of certification related information can facilitate consistent and accurate compliance with government related requirements.06-02-2011
20120265662METHODS, SYSTEMS, AND PRODUCTS FOR EFFICIENT ANNUITIZATION - A method of creating a variable universal life anti-martingale immediate annuity (VULAMIA) including the steps of soliciting preferences from an annuitant for annuity income and timing of annuity income versus a risk of loss of an annuity purchase price from early death, determining an annuity cashflow start date and a rate of return to be paid on an annuity consideration premium upon death, structuring a variable universal life policy to act as a wrapper for a separate account used to purchase immediate annuities and a death benefit which provides the rate of return on the annuity consideration premium, receiving premium payments into a VULAMIA to purchase the variable universal life policy and the immediate annuities, reinvesting immediate annuity payments until a predetermined payout date; and at death of the annuitant, providing a death benefit and the predetermined rate of return on the annuity consideration premiums.10-18-2012
20120265661METHOD AND APPARATUS FOR DEVELOPMENT AND USE OF A CREDIT SCORE BASED ON SPEND CAPACITY - Share of Wallet (“SOW”) is a modeling approach that utilizes various data sources to provide outputs that describe a consumers spending capability, tradeline history including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. A SOW score focusing on a consumer's spending capability can be used in the same manner as a credit bureau score.10-18-2012
20120265660APPARATUS FOR PROVIDING IMAGE SERVICE IN MOBILE TERMINAL, AND SYSTEM AND METHOD FOR PROVIDING AN IMAGE SERVICE - A system for providing an image service includes a Social Networking Service (SNS) server for requesting and collecting data from multiple service users connected through the internet; a map server for providing a regional map in association with a Global Positioning System (GPS); a portal server for providing a content search service; and an image server for managing objects provided from each server in association with the servers, and providing objects acquired from each server to a user terminal in association with each other upon receiving a data request from the user terminal.10-18-2012
20110047058APPARATUS AND METHOD FOR MODELING LOAN ATTRIBUTES - A method, system, and computer program product for generating a model for predicting loan behavior, including receiving loan data for a plurality of loans; preparing the loan data for analysis; grouping the loans into a plurality of hierarchical segments based on shared characteristics; generating a logistic regression model for each segment; and generating an overall prediction model for at least one of prepayment, delinquency, and default across the plurality of segments. Grouping the loans into a plurality of segments based on shared characteristics may include grouping the loans based on loan type, change in Housing Price Index (HPI) since origination, and loan age. Generating a logistic regression model for each segment may include generating a regression model for the probabilities of each of prepayment, default, and delinquency for each of the segments.02-24-2011
20110047057Simultaneous real-time access to financial information - The present invention is defined by the following claims, and nothing in this section should be taken as a limitation on those claims. By way of introduction, the preferred embodiments describe below include a method of simultaneously presenting user specific real-time financial information includes authenticating a user, for example by using a user-id and password. Then receiving an input from the user indicating the shareholder of interest. The user is then presented with a list of the shareholder's account information. The shareholder account information can be retrieved from several different record keeping systems. The record keeping systems can be maintained by different entities and can store the respective account information in different formats. The shareholder account information can be retrieved by broadcasting an account inquiry to the record keeping systems or by using a cross-reference table that indicates which record keeping systems the shareholder has accounts with. A combination of the broadcast and cross-reference table can be used. Once the shareholder account information is presented, the user can select an account, for example by a hyperlink tag, and receive detailed information about that account.02-24-2011
20110047056CONTINUOUS MEASUREMENT AND INDEPENDENT VERIFICATION OF THE QUALITY OF DATA AND PROCESSES USED TO VALUE STRUCTURED DERIVATIVE INFORMATION PRODUCTS - One embodiment of the present invention relates to a system for measurement and verification of data related to at least one financial derivative instrument, wherein the data related to the at least one financial derivative instrument is associated with at least a first financial institution and a second financial institution, and wherein the first financial institution and the second financial institution are different from one another.02-24-2011
20120271743Global Risk Administration Method and System - Embodiments of a Global Risk Administration (GRA) method and system include a GRA tool that assists an institution with various decision making processes by enabling the institution to customize the GRA tool to generate decisions based on information input by the institution or a customer of the institution. In an embodiment, the institution is a financial institution (FI), and customizing the GRA tool involves an FI user assigning attribution rules using, wherein attribution rules comprise characteristics of applicants for financial accounts. The user further creates one or more decision classes using the UI, wherein one or more attribution rules place an applicant in a decision class; and the user creates business rules, wherein a business rule determines a manner in which the GRA module interprets data from the third party data sources.10-25-2012
20120323751METHOD FOR AGGREGATING AND VALUING INTELLECTUAL PROPERTY IN AN EXCHANGE - The present invention relates to methods of aggregating and valuing intellectual property in a financial exchange. The present invention provides means whereby holders of intellectual property rights may sell, or license intellectual property to an aggregator and receive shares of stock or cash for the contribution based on the aggregated value of the intellectual property held by the aggregator.12-20-2012
20110238551SYSTEM 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
20110238550SYSTEMS AND METHODS FOR PREDICTING FINANCIAL BEHAVIORS - A system and method for predicting financial behaviors of the consumers and utilizing this predicted data to assist consumers in managing their accounts and find other consumers. The systems and methods of the present invention provides for receiving consumers transactions and clustering the transactions to compute a similarity measure and further predicting future transactions based on the similarity measure of the clustered transactions. These predictive future transactions are further computed to generate a predictive behavior model which provides predictive financial behaviors of the consumers. Some of the uses of this system and method include assisting users by warning them of impending problems, optimally routing transactions, suggesting financial products and identifying particular behavior patterns for personal goal achievement and self directed behavior modification.09-29-2011
20100235271DETERMINATIONS RELATING TO RESOURCE DISTRIBUTION - Systems and methods that may determine whether to provide a resource to a consumer are disclosed. Further methods may allow distributing resources on an expedited basis or recheck previous determinations to provide a resource. In certain embodiment, resource transactions may be categorized. Illustrative categories may be organized by: investment, a non-investment expenditure, or income. In one embodiment, transactions categorized as non-investment expenditures may be categorized into subcategories, including necessities, discretionary, or debt. Calculations may be performed upon the categorized (and/or sub-categorized data). For example, one or more of the following ratios may be calculated: debt-to-income, investment-to-income, and expenditure-to-income. Ratios may be compared to one or more threshold values. Determinations of the threshold may consider information regarding other individuals' or business' resource transactions.09-16-2010
20120278216METHOD AND APPARATUS FOR SHARING A SELF-CREATED ACCOUNT FOR STORING ASSETS - An approach is provided for sharing a self-created account for storing assets. An asset sharing platform determines at least one account for storing a representation of one or more associated assets. The at least one account is a self-created account associated with at least one device. The asset sharing platform further causes at least in part, a sharing of the at least one account with at least one other device to enable collective access to the at least one account by the at least one device and the at least one other device with substantially equal rights.11-01-2012
20120278219ARCHITECTURE AND METHOD FOR COMBINING COST DATA IN AUTOMATED MISSION PLANNERS - A system and method for combining cost maps including a multiplicity of cost service components for converting raw planning factors into standardized cost factors. A cost combiner component combines cost factors according to a cost configuration to generate a combined cost map11-01-2012
20120278218Ascertaining market value through a competitive valuation process - System and method are provided for analyzing the value of a subject. This is accomplished through a competitive environment wherein Sources of Valuation are compensated according to the proximity of each provided valuation to a central valuation computed from the estimates of the group. From these Valuations a value is computed for the specific subject. The compensation motivates the Sources of Valuation, to compete in giving valuations which will be closest to the center of what a group of professional Sources of Valuations might provide. These sources will likely find that this is accomplished by competing to be more accurate than their competitors. This competition towards centrality finds synergy in creating an altogether more accurate system of valuing assets, liabilities, or other subjects, than that of tradition or computer perceived methods.11-01-2012
20120278217SYSTEMS AND METHODS FOR IMPROVING PREDICTION OF FUTURE CREDIT RISK PERFORMANCES - Systems and methods are provided for improving prediction of credit risk performances of a plurality of consumers, each consumer having a standard credit data file and score. According to a particular aspect, a method determines changes in credit data files of the plurality of consumers during a predetermined period of time, and combines change data with standard credit data. The method determines a set of credit elements that are predictive of credit risk performances of the plurality of customers by processing the combined change data and standard credit data, and identifies an incremental risk value for each of the plurality of consumers by supplementing the corresponding credit data file with the predictive set of credit elements. The method further generates a flag indicative of the identified incremental risk value for each of the plurality of consumers.11-01-2012
20120089500METHOD AND APPARATUS FOR DELEGATING AUTHORITY - A delegated authority system allows an account holder to delegate authority to one or more individuals, such as financial advisors through a third party service. An individual receives authority to access financial accounts and/or access aggregated financial data. The individual may then retrieve account information from the individual accounts or from the aggregated financial data. In on exemplary system, the account information is accessed via the Internet or another data communication network.04-12-2012
20120089499METHODS, SYSTEMS, AND PROCESSES FOR THE DESIGN AND CREATION OF RICH-MEDIA APPLICATIONS VIA THE INTERNET - Rich-media applications are designed and created via the Internet. A host computer system, containing processes for creating rich-media applications, is accessed from a remote user computer system via an Internet connection. User account information and rich-media component specifications are uploaded via the established Internet connection for a specific user account. Rich-media applications are created, deleted, or modified in a user account via the established Internet connection. Rich-media components are added to, modified in, or deleted from scenes of a rich-media application based on information contained in user requests. After creation, the rich-media application is viewed or saved on the host computer system, or downloaded to the user computer system via the established Internet connection. In addition, the host process monitors the available computer and network resources and determines the particular component, scene, and application versions, if multiple versions exist, that most closely match the available resources.04-12-2012
20120089498Bail Bonds Agency Manager - Systems, methods, and computer-readable media having stored instructions for managing operations of a bail bond company are disclosed. A system includes one or more data storage devices which store a defendant module that includes one or more defendant profiles. Each defendant profile is associated with a defendant and includes information relating to each of one or more items of collateral that are associated with one or more bail bonds issued to the corresponding defendant. The data storage devices also include an administration module that is linked to the defendant module and that includes one or more administration sub-modules. The system further includes one or more client devices that communicate with the one or more data storage devices.04-12-2012
20110276452Procurement and Salvage Auction System - An on-line RFP procurement auction system with bidder sub-auctions for both repair and salvage of damaged property, using a telecommunications network accessible by network members including requesters, repair bidders, and salvage bidders, for processing an RFP for goods and services through at least one server and operating software. The system includes a database for each category of goods and services offered or desired by network members; software for requesters to generate RFPs for goods or services that include photographic and alpha-numeric RFP data; software for transmitting the RFPs to the server; capacity for e-mail and wireless distribution of RFP notices to bidders who have requested notices within selectable categories of RFP's; capacity to enable a repair bidder to submit an encrypted bid to the server; and capacity within the server for generating a list of all responsive bids and e-mailing the same to the requester after conclusion of an auction.11-10-2011
20110276451Motivational goal based interactive system and method - A motivational goal based online interactive system and method for personal development comprising a single web page for easy access to a calendar, goal tracker, motivational quote, video, recommended motivational and inspirational books, tapes and other material. The system and method of the invention provides for a success tracker and individualized feedback to assist the client user in achieving both short term and long term goals.11-10-2011
20120095892Price indexing - Transactions involving assets that share a common characteristic are represented as respective data points associated with values of the assets. The data points include transaction value information. The data points belong to sets associated with respective geographical areas. Data points of at least two of the sets are aggregated into a superset representing transactions of a larger geographical region. A hypothetical probability density function is represented by a parametrization that describes the data points of the superset. An index is formed of values associated with the assets using at least one of the determined parameters.04-19-2012
20120095891SYSTEMS AND METHODS FOR PROBATE CLAIM IDENTIFICATION AND MERGING - Various embodiments include at least one of systems, methods, and software for probate claim identification and merging. One such embodiment includes processing, utilizing a computer processor, debtor account records stored in an account database to match debtor account records with probate estate records stored in a probate estate database. Upon identification of a match of a debtor account record with a probate estate record, the debtor account record may be associated with the probate estate record. Subsequently a claims process may be executed to generate claims against probate estates. Generating such a claim, when two or more accounts are identified for a single debtor, may consist of generating a single claim against the probate estate of the debtor. The single claim is for each of a plurality of accounts of the debtor of a particular client.04-19-2012
20120330806Apparatus and Method for Operating a Water Source as a Master Limited Partnership - A computer includes a processor and a memory. The memory stores capital data characterizing capital raised for the purchase of water rights and operating data characterizing qualifying fees collected in connection with the utilization of the water rights. A master limited partnership module with executable instructions executed by the processor designates master limited partnership income based upon the capital data, the operating data and terms of a water rights mater limited partnership.12-27-2012
20120330807SYSTEMS AND METHODS FOR CONSUMER PRICE INDEX DETERMINATION USING PANEL-BASED AND POINT-OF-SALE MARKET RESEARCH DATA - Systems and methods for consumer price index determination using panel-based and point-of-sale market research data are disclosed. Disclosed example methods to determine a consumer price index include defining a plurality of item strata for use in determining the consumer price index, each item stratum being defined by specifying a plurality of attributes associating items with the item stratum, obtaining pricing information for a plurality of items, at least some of the plurality of items having not been preselected for inclusion in any of the plurality of item strata, determining price differentials for the plurality of item strata, a respective price differential for a respective item stratum being determined by combining the pricing information for a group of items, from the plurality of items, having the specified attributes defining the respective item stratum, and combining the determined price differentials for the plurality of item strata to determine the consumer price index.12-27-2012
20120290457Fiduciary screener test and benefit plan selection process - A process for enrolling individual participants in financial products or services or a means of determining knowledge of and competency regarding service provider advice using performance scores from a psychometric testing instrument to determine whether individual participants understand the risks of their choices. As an individual's score increases on the test, a larger array of choices become available allowing greater opportunity for financial product, service or advise customization. This screening process benefits the individual by limiting choices where risks are not properly understood. Additionally, the use of the test as a screener to curtail unsuitable choices affords investment custodians, investment advisors or other providers a mechanism to demonstrate that they have properly exercised their fiduciary duty.11-15-2012
20110320331SYSTEM AND METHOD FOR SUBMITTING AN OFFER TO PURCHASE OVER A NETWORK-BASED COMMERCE FACILITY - A system and method to facilitate a transaction in a network-based commerce facility is provided. The method includes presenting a plurality of listings to a user, and monitoring selection of one of the plurality of listings by the user. Thereafter, the user is provided with an indication of an equivalent periodic payment of a plurality of periodic payments associated with an offer to purchase. In one embodiment, the user is provided with an option to conclude the transaction for the selected listing based on a plurality of periodic payments. In certain embodiments, the network-based commerce facility is a web-based auction facility where the offers are in the form of bids. Accordingly, in this embodiment, the periodic payment may be a monthly payment and the products are movable goods such as motor vehicle, motorcycles, watercraft, or the like.12-29-2011
20110320330Systems and Methods for Issuing and Maintaining a Bond - According to some embodiments, a bond is issued to an investor in exchange for value. The bond may be, for example, a tax-free municipal bond associated with (i) a spread to a pre-determined index, (ii) a nominal maturity date, (iii) an initial mandatory tender date prior to the nominal maturity date, and/or (iv) an option for the investor to extend the initial mandatory tender date during an initial decision period. According to some embodiments an indication is received, during the initial decision period, indicating that the investor will extend the initial mandatory tender date. It may then be arranged for the initial mandatory tender date to be extended such that the bond will be associated with a subsequent option for the investor to extend an extended tender date during a subsequent decision period.12-29-2011
20110320329 PROCESS AND SYSTEM FOR PROVIDING REAL-TIME PROCESSING SERVICE - The present invention relates to a process and system for providing real-time processing service is described. In one embodiment, the process includes selecting a service as desired by an applicant, submitting a preliminary application for extracting available offers associated with the selected service, extracting the available offers associated with the selected service by processing information provided in the preliminary form; displaying the extracted available offers; selecting at least one offer from said extracted available offers by the applicant, submitting a dynamic application for said at least one available offer selected by the applicant, authenticating information provided in the dynamic application instantly, and routing the authenticated application to a respective firm. In another embodiment, a system for providing real-time processing service includes an application server container and a file system/database wherein the business rules are encrypted which is password protected.12-29-2011
20110320328PRICE INDEXING - Transactions involving assets that share a common characteristic are represented as respective data points associated with values of the assets, the data points including transaction value information, the data points theoretically excluding data points that are outside defined cutoffs, the cutoffs being defined so that effectively no data points are excluded at either a lower end, an upper end, or both. Parameters are determined that fit probability density functions to at least one component of a value spectrum of the data points, the probability density function for at least one of the components comprising a power law, the parameters not including an offset parameter representing possible shifts in the value spectrum over time. An index of values associated with the assets is formed using at least one of the determined parameters.12-29-2011
20110320327Backward/Forward Trading Contracts Based on REIT-Based Pure Property Return Indexes - The present disclosure is directed to a method of approximating prices in a private property market. First, REIT return data is compiled from each REIT of a plurality of REITs at a predetermined frequency. Then, the REIT return data is processed according to exposures to each of a plurality of target characteristics to obtain coefficients reflecting each REIT's weight in an index. Then, an index is generated according to the REITs, the obtained coefficients, and the weights. Finally, a second index is derived from the generated index that approximates prices in the private property market.12-29-2011
20120101929PARALLEL PROCESSING DEVELOPMENT ENVIRONMENT AND ASSOCIATED METHODS - A parallel processing development environment has a graphical process control server that provides an interface through which a developer may access the environment to create a parallel processing routine. The development environment also includes a financial server for managing license and usage fees for the parallel processing routine, wherein the developer of the parallel processing routine receives a portion of the license and usage fees received for the routine. The environment identifies plagiarism and malicious software within the parallel processing routine.04-26-2012
20120101928DEBT RECOVERY ADMINISTRATION AND PORTFOLIO MANAGEMENT SYSTEM - A system and method for the automation of debt recovery relating to deficiencies in amounts owed for a vehicle includes a database; an input translation module to receive a plurality of accounts; a judgment module enabled to receive user input and store data relating to a court judgment; modules for garnishment, tracking, queuing, output translation, and other actions enabled to use the data set to batch calculate and produce filing information and documentation required to initiate and maintain garnishments, judgments, tracking accounts through metatags and associated safeguards, display, index, and navigate a subset of accounts based on selected attributes of the data set, and transform the data set for use by accounting and financial analysis systems.04-26-2012
20120101927SYSTEM AND METHOD FOR PRESENTING FRAUD DETECTION INFORMATION - Systems and methods for presenting fraud detection information are presented. In one example, a computer system analyzes empirical data to detect potentially fraudulent activity and alerts users of the potentially fraudulent activity via a fraud detection user interface. The fraud detection user interface determines a set of user interface components to suitable to present the potentially fraudulent activity and presents facts associated with the potentially fraudulent activity to a user for further analysis and investigation.04-26-2012
20120101926SYSTEM AND METHOD FOR PRESENTING QUASI-PERIODIC ACTIVITY - Systems and methods for presenting fraud detection information are presented. In one example, a computer system analyzes empirical data to detect potentially fraudulent activity and alerts users of the potentially fraudulent activity via a fraud detection user interface. The fraud detection user interface determines a set of user interface components to suitable to present the potentially fraudulent activity and presents facts associated with the potentially fraudulent activity to a user for further analysis and investigation.04-26-2012
20120101925SYSTEM AND METHOD FOR VISUALIZING CHECKING ACCOUNT INFORMATION - Systems and methods for presenting fraud detection information are presented. In one example, a computer system analyzes empirical data to detect potentially fraudulent activity and alerts users of the potentially fraudulent activity via a fraud detection user interface. The fraud detection user interface determines a set of user interface components to suitable to present the potentially fraudulent activity and presents facts associated with the potentially fraudulent activity to a user for further analysis and investigation.04-26-2012
20100228657Price indexing - Transactions involving assets that share a common characteristic are represented as respective data points associated with values of the assets, the data points including transaction value information, the data points theoretically excluding data points that are outside defined cutoffs, the cutoffs being defined so that effectively no data points are excluded at either a lower end, an upper end, or both. Parameters are determined that fit probability density functions to at least one component of a value spectrum of the data points, the probability density function for at least one of the components comprising a power law, the parameters not including an offset parameter representing possible shifts in the value spectrum over time. An index of values associated with the assets is formed using at least one of the determined parameters.09-09-2010
20090125430SECURE NETWORKED TRANSACTION SYSTEM - A method and system for approving a transaction between a customer and a merchant including the steps of transmitting a transaction request from a customer to a merchant; transmitting a verification request from the merchant to a verification entity, the verification request comprising first data; the customer device transmitting second data to the verification entity; and the verification entity performing a verification step by using the first data and the second data to verify if the transaction should be approved.05-14-2009
20100198714SYSTEM AND METHOD FOR CREATING ELECTRONIC REAL ESTATE REGISTRATION - A system for providing a registered land asset includes a property transaction database in communication with a computer network the property transaction database provides information related to transactions associated with each registered land asset parcel, each land parcel having a registered land asset identifier representing global coordinates particular to the parcel. The system also includes a location characteristic database in communication with the computer network. The location characteristic database provides socioeconomic data regarding the location wherein the land parcel associated with the registered land asset is situated. A registered land asset contract may give a leaseholder an option to purchase the land by the end of a given term. A computer receives data from the property transaction database and the location characteristic database via the computer network and calculates prices and values associated with a registered land asset contract associated with the land parcel and a registered land asset contract is recorded in association with the land asset identifier corresponding to the land parcel in an electronic land title registry in communication with the computer network.08-05-2010
20100169200Method for controlling feature upgrades - A method for controlling feature upgrades on a plurality of payment system devices, onsite, in a distributed network, involves a web service at each of the plurality of payment system devices. An upgrade utility program communicates with the web service at each of the plurality of payment system devices, and presents a list of available payment system devices to the user. The list of available payment system devices identifies each device by location. A group of payment system devices is selected for receiving feature upgrades, and for each payment system device in the selected group, at least one feature upgrade is selected. A request file is created that contains information indicative of the payment system devices selected for receiving feature upgrades and indicative of the at least one feature upgrade for each selected payment system device.07-01-2010
20100169202SECURE PLATFORMS FOR FINANCIAL TRANSACTION APPLICATIONS - Systems, methods, and computer program products are provided for a secure platform for conducting financial institution transactions. A game console platform is defined that provides for both individual customers and business customers to conduct financial transactions while ensuring higher integrity and confidentiality of the customer's transactions. Additionally, the platform provides for greater user-interface functionality and a heightened user experience.07-01-2010
20100169204RETAIL DERIVATIVE FINANCIAL PRODUCTS - The present invention describes the creation of derivative financial products such as options, futures, and other derivatives whereby the underlying asset of the derivative is based on a Third Party Data performance indicator, such as unit volume or market share, of one or more retail product(s). The invention further describes the creation of derivatives for retail products whereby non-investor consumers of retail products can participate in the market for said derivatives.07-01-2010
20100169201DUAL SOURCE BANK FLOAT - Bank float is assigned using a dual source bank float system by first determining which of a plurality of checks will be processed via a paper route and which will be processed via an image route. For the checks that will be processed via the paper route, a set of rules will be determined. For the checks that will be processed via the image route, a different set of rules will be determined. A bank float is applied to the paper checks using the paper set of rules and bank float is assigned to the image checks using the image set of rules.07-01-2010
20130013475Issue Resolution - Systems and methods of resolving identified issues are provided. In at least some examples, the systems and methods may include receiving an identified issue, such as at an issue resolution system, and receiving one or more parameters associated with the identified issue. In some examples, the parameters may be hierarchical. The systems and methods may further include automatically generating a receipt associated with the issue and including a due date for resolution of the issue. The systems and methods may further include automatically routing the identified issue to a resolution group for resolution. In at least some examples, the systems and methods may include dynamically modifying aspects of the issue resolution system. For instance, the systems and methods described herein may include authenticating a user of a dynamic modification system and, upon authenticating the user, receiving one or more modifications to one or more aspects of the system. The modifications may be accepted and implemented in real-time or near real time.01-10-2013
20130013477SYSTEM AND METHOD OF EXCHANGING FINANCIAL SERVICES INFORMATION AND OF COMMUNICATION BETWEEN CUSTOMERS AND PROVIDERS - One embodiment of the invention is a financial services information service that allows financial service customers to securely post their financial needs and to impart instructions pertaining to suppliers of financial services reviewing said needs. Intending to identify new transactions and acquire new customers, financial service providers review needs posted by costumers in the customer database. Providers select the entries of interest and can purchase the legal names of customers associated with specific needs. Business method intends fee charges to be attractive to providers of financial services in view of typical customer acquisition costs and to promote selectivity and to avoid abuses by providers. For additional fees providers can also send high customized messages to potential customers in order to maximize attractiveness of initial contact. Invention also creates a ratings and review method intended to differentiate providers and reward financial services providers worldwide committed to excellent service. Customers remain empowered during the process by selecting and excluding providers accessing information about their posted needs and ultimately deciding which providers will obtain their contact information. The system provides a method for the customers and providers to communicate and for third parties to advertise.01-10-2013
20130013476MOVING A FINANCIAL ACCOUNT FROM ONE ENTERPRISE TO ANOTHER - According to some embodiments, a system includes an interface and one or more processors. The interface receives a request from a user to move a first account associated with a first enterprise to a second enterprise where the user has at least one account. The processor(s) determine first configuration settings associated with the first account. The processor(s) create a second account at the second enterprise, select second configuration settings based on the first configuration settings, and apply the second configuration settings to the second account.01-10-2013
20130013479AUTHORIZATION REQUEST FOR FINANCIAL TRANSACTIONS - Embodiments of the present invention provide a method, system, and computer program product for authorizing a financial transaction. A financial institution can identify financial risk associated with the financial transaction based on product details. The product details are sent to the financial institution by a merchant along with the authorization request. The financial institution, then, notifies the merchant regarding authorization of the financial transaction based on the risk assessment. Finally, the merchant fulfills or terminates the financial transaction based on the notification received regarding authorization request.01-10-2013
20100131401SYSTEMS, METHODS AND COMPUTER PROGRAM PRODUCTS FOR PERFORMING A CONTINGENT CLAIM VALUATION - Systems, methods and computer program products for performing a valuation of a contingent claim, such as a call or a put, are provided that initially determine the present value distribution of contingent future benefits that is attributable to the exercise of a contingent claim, such as according to a jump-diffusion model. The present value of an exercise price, such as a distribution of contingent future investments of a distribution of contingent future investments, required to exercise the contingent claim is also determined. An average of the difference between the present value distribution of contingent future benefits and the present value of the contingent future investment is determined. By utilizing appropriate discount rates, the benefits and investment can be effectively valued, which, in turn, permits the contingent claim project to be effectively valued in an intuitive manner.05-27-2010
20100131400Automatic Classification of Credit Card Customers - According to embodiments of the present invention there is provided a computer-based method and a computer program product for automatically sorting customers who make purchases from merchants using a credit card. The computer-based method includes the following steps. An adjusted index is calculated for a customer based on an amount of money the customer spent across merchants during a time period. The adjusted index is compared to a cut-off value. The customer is classified based on the comparison of the adjusted index to the cut-off value. In an embodiment, the method also includes re-classifying the customer based on at least one of (i) information about the merchants, or (ii) a number of transactions in a predetermined industry.05-27-2010
20100131399PARSER FOR GENERATING FINANCIAL MANAGER APPLICATION RULES - In one embodiment, one or more business rules are received from a calculation manager. A calculation manager allows a user to generate the rules using a graphical format. The business rules are generated in a mark-up language, such as extensible mark-up language (XML). Data for the one or more business rules is loaded into a data structure for parsing. Data for the nodes may be read in by a token parser. When the token parser encounters a token, a business decision is determined. The token parser analyzes the data for the node to determine how to convert it to a business rule for the financial manager. This process continues as nodes are read in and with each token that is encountered, a business decision is determined until the rule for the financial manager is generated.05-27-2010
20100131398System and method for providing market insight regarding securities trading - A system and method for generating alerts from exchange data and news data is disclosed, and includes an alert generator that further includes a processor coupled to a memory. The alert generator receives the exchange data and the news data. Alert generator software runs on the memory and processor, receives an alert profile, and compares the alert profile to the exchange data and the news data. An alert is created if the comparison indicates that a trigger has occurred. The alert includes information relating to the trigger, which may also include news stories relating to the trigger.05-27-2010
20100131397PROVIDING "ON BEHALF OF" SERVICES FOR MOBILE TELEPHONE ACCESS TO PAYMENT CARD ACCOUNT - A method includes receiving from an acquiring financial institution (FI) a request to translate a customer identifier into a primary account number (PAN). The method further includes determining whether the customer identifier is valid, and (if the customer identifier is determined to be valid) issuing a challenge to a mobile telephone operated by a customer identified by the customer identifier. The method also includes receiving a mobile personal identification number (PIN) from the customer, determining whether the mobile PIN is valid, and (if the received mobile PIN is determined to be valid) generating a security code. The method further includes transmitting, to the acquiring FI, the security code and the PAN that corresponds to the customer identifier.05-27-2010
20130018767APPARATUS AND METHOD FOR ACQUIRING CLIENT DATA TO PROCESS A FINANCIAL ACCOUNTAANM Williams; SimonAACI Walnut CreekAAST CAAACO USAAGP Williams; Simon Walnut Creek CA USAANM Lynde; Zachary H.AACI AustinAAST TXAACO USAAGP Lynde; Zachary H. Austin TX US - A method for acquiring data to process a financial account is provided which includes receiving a request to process the financial account. The request includes a print stream of data for a client received in a print protocol. The method further includes converting the print stream of data into wire format data, and transmitting the wire format data to a server to process the financial account. A method is provided for processing a financial account which includes receiving a request from a client to process the financial account. The request includes a print stream of data for a client received in a print protocol. The method further includes extracting data elements from the received wire format data, and processing the financial account using the extracted data elements. The receiving includes receiving encrypted wire format data which has been converted from the print stream of data for the client received in a print protocol.01-17-2013
20110161219SYSTEMS AND ASSOCIATED METHODS FOR IMPLEMENTING ELECTRONIC PROPERTY BOND PAYMENTS - A system, associated methods, computer readable storage medium encoded with programming, and computer program product are disclosed for simultaneously collating information from available public, private, and government databases for provision to corrections facilities, authorized bond administrators, stakeholders, or the like for electronic transmission of secured and confirmed data to effectuate implementation of obligation on a property bond as security for court appearances for an accused.06-30-2011
20130024343METHOD AND ELECTRONIC PROCESSING SYSTEM FOR ROYALTY ALLOCATION - A method for calculating royalty allocation to a number of licensors includes iteratively the following steps: determining a first value of a share of royalties for each of the licensors based on predetermined criteria; determining a part of the number of licensors as enforcing licensors, based on the determination whether participating in one or more enforcement actions; assigning to each enforcing licensor a second value of a share of royalties based on the royalties paid by those licensees against which the enforcing licensor has participated in one or more enforcement actions; and determining a percentage of royalty to be allocated to each licensor based on the first value and the second value.01-24-2013
20130024341METHOD AND APPARATUS FOR PROVIDING TRANSACTION RELATED SERVICE - A method of providing a transaction related service is provided. The method includes receiving first payment method information corresponding to a store from a first device; comparing the first payment method information and second payment method information available for a user; and recommending the second payment method based on a result of the comparison.01-24-2013
20130024340Alternate Currency Derivatives - An alternate currency futures contract or other type of derivative can be denominated in a primary currency. Margin account adjustments for mark-to-market (MTM) settlements, final settlements, and/or other cash flows associated with the contract can initially be calculated based on the primary currency, and then be converted to an alternate, secondary currency. This conversion can occur unconditionally and without requiring a prior unavailability determination.01-24-2013
20130173441IDENTIFYING MONEY LAUNDERING IN MICRO-COMMERCE - A processor-implemented method, system, and/or computer program product detects illicit activities in micro-commerce transactions. An historic transaction pattern of known legitimate past micro-commerce transactions by a cohort is identified. A current transaction pattern for a current set of multiple micro-commerce transactions is also identified. The current transaction pattern and the historic transaction pattern are compared. In response to determining that the current transaction pattern deviates from the historic transaction pattern beyond a predetermined level, a determination is made that the current set of multiple micro-commerce transactions are being used for money laundering.07-04-2013
20080255980CARD MANAGEMENT SYSTEM AND METHOD - A method of registering a credit card user's credit card information by a credit card management organization. A card user accesses the card management computer system in a computer network. The method provides a user interface whereby the user grants authorization to the card management organization to obtain the card user's credit report from a credit reporting bureau. The method further transmits a request for the user's credit report to a credit reporting bureau and automatically downloads the user's credit report when received. The method further parses the credit report to determine a card issuer for each card on the credit report using a database of card issuer aliases. The method then fully or partially automatically registers each card with the user's account in the card management association and then presents the opportunity to the user to review and edit each card.10-16-2008
20080255974Techniques to manage financial performance data exchange with standard taxonomies - Techniques to manage financial performance data are described. An apparatus may include an online analytical processing database with a multidimensional data model, and a business information exchange module communicatively coupled to the online analytical processing database. The business information exchange module may import a taxonomy to the multidimensional data model, create a business model using the multidimensional data model, and export financial data from the business model to an extensible business reporting language instance document. Other embodiments are described and claimed.10-16-2008
20090319413SYSTEM FOR DETECTING BANKING FRAUDS BY EXAMPLES - A system for detecting banking frauds in historical data and future transactions from a user supplied specimen set of fraudulent transactions, said specimen set of transactions defining one type of fraud identified by the user, said system comprises: means (12-24-2009
20080249906Reservoir Evaluation Methods - Described herein are methods of evaluating reservoirs. At least one of the methods includes providing a three dimensional reservoir framework having a plurality of cells; assigning one or more constant reservoir property values to some or all of the cells to provide a first three dimensional reservoir model; updating the first three dimensional reservoir model by populating some or all of the cells with one or more variable reservoir property values to provide a second three dimensional reservoir model; and updating the second three dimensional reservoir model by populating some or all of the cells with one or more reservoir property values derived from seismic data to provide a third three dimensional reservoir model. Other methods are also described.10-09-2008
20080243658HOUSING DEVELOPMENT METHOD AND SYSTEM - A system and method for developing and building homes combining energy efficient and environmentally friendly or “green” housing technologies with innovative financial programs for the builder and buyer. The system includes a home building company constructing a plurality of homes located within the home development. Each home is developed and operated by utilizing energy efficient and “green” housing technologies. A financing scheme for financing the construction of the plurality of homes by the home building company and the purchase of each home by the purchaser is also provided. The financing scheme includes a Public Improvement District (PID) assessment program to finance the home development.10-02-2008
20080235122MASTER GIFT CARD, SYSTEMS AND METHODS - Stored value instruments and tools for their use and/or administration are disclosed. In an aspect, a stored value instrument is associated with a subaccount that has access to a portion of an amount stored value in a master account. There may be many such subaccounts associated with a master account, and each subaccount may have its own associated stored value instrument. Beneficially, this arrangement can allow a master account holder to assign a specific portion of the stored value in the master account for the use of each of the stored value instruments, while still maintaining the ability to administer the master account.09-25-2008
20080235121CURRENCY SYSTEM TO REWARD CONSTRUCTIVE BEHAVIOR - A system is described for teaching users financial management using an online currency management system, including enabling an administrator to set up a financial account through a network. This step further includes assigning specific tasks for completion by one or more users, setting rules related to the management of play currency, and designating rewards that are earned by the one or more users through completion of the specific tasks. The system further includes providing a web-based interface for the one or more users to access and manage their own user account containing the play currency, and enabling the administrator to fund, with real currency, the purchase of the rewards by the one or more users with play currency.09-25-2008
20080228612Simultaneous determination of enterprise value and cost of unlevered equity - The present invention consists of methods through which the value and the cost of unlevered equity of an enterprise can be determined simultaneously through numerical searches using the enterprise cash-flow forecast. These methods improve the accuracy of and simplify enterprise valuations.09-18-2008
20110246347Method and stored program for sending descriptive profile data, for accumulation along with source information, for use in targeting third-party advertisements - A descriptive-profile mercantile method, for use at a juncture in a data-communications topology having associated therewith a maintained databank of partial profiles, is disclosed. The method includes the steps of: from a user, receiving a transaction having therein a first partial profile; using the first partial profile, searching a databank having a plurality of second partial profiles, wherein is included in said databank at least one null profile so that said searching will always yield at least one proximate second partial profile to the first partial profile; and between the user and the databank, contracting: (I) for the databank to own or represent a right to a first mutually agreed portion of the first partial profile, and substantially thereafter said databank incorporating the agreed portion of the first profile into at least one second partial profile; or (II) for the user to own or represent a right to a second mutually agreed portion of at least one said proximate second partial profile, and substantially thereafter the databank transmitting to the user the second mutually agreed portion of the second profile. The present invention operates best on a brokerage representation model; and thereby provides a means for making viable the economic commerce in information attributes.10-06-2011
20110246346SYSTEM AND METHOD FOR PROVIDING AN ONLINE LINK TO ALTERNATIVE OFFERS RELATED TO A BILL ASSESSMENT IN ASSOCIATION WITH AN ONLINE FINANCIAL ACCOUNT - This disclosure relates to comparison shopping and usage based service analysis for consumers, primarily for financial products. A consumer may not be aware of a provider's services, options, terms, conditions, costs, or how the service options change based on the consumer's particular usage characteristics. The disclosed comparison shopping method uses the consumer's actual or predicted service usage data. Service provider information is used to present the consumer with relevant alternative service offering options. Transaction data is gathered from a user's financial account and is analyzed for a savings opportunity indication. The analysis is used to match a savings opportunity from a database of savings opportunities, and the savings opportunity may be displayed in a statement of a user's financial account. Past responses to a savings opportunity indication may be gathered and analyzed. In one example, a savings opportunity is presented in relation to a transaction on the user's graphical interface.10-06-2011
20110246344Generating Financial Reports - In some embodiments, a method for generating financial reports, includes selecting a first request from a plurality of pending requests. The first request requests a report on information regarding one or more accounts with a financial institution. The first request is separated into a plurality of content requests. The plurality of content requests represent requests for information to be incorporated into the requested report. A plurality of subreports are received in response to each of the plurality of content requests. The requested report is generated in response to the first request by binding each of the plurality of subreports.10-06-2011
20110264574Financial Transaction Modeling System - Systems and methods are provided to model financial transactions. According to some embodiments, simple events, branch events, composite events, and/or contingent events associated with a financial transaction are defined. The events may then be used to automatically manage the transaction during the transaction's lifecycle.10-27-2011
20110264573Real estate price indexing - Among other things, transactions involving assets that share a common characteristic are represented as respective data points associated with values of the assets, the data points including transaction value information. Parameters that fit probability distribution functions to at least two respective components of a value spectrum of the data points are determined. The probability distribution function for at least one of the components comprises a power law. An index is formed of values associated with the assets using at least one of the determined parameters.10-27-2011
20080249907 Novel Method for Paying a Mortgage - A method for a mortgage to skip a monthly payment per year comprising collecting twenty four payments from a mortgagee over an eleven month period, placing the payments in a predetermined account and timely paying the mortgagor monthly over a twelve month period from the predetermined account.10-09-2008
20080275801METHOD AND SYSTEM FOR INCREASING RETIREMENT INCOME - A method and system for persons who are over the age of 62 to increase their retirement income by utilizing their insurability and real estate equity to fund the purchase of life insurance and/or annuities which are subsequently gifted to a donor advised fund, a charitable gift annuity, or a combination of both.11-06-2008
20080222018FINANCIAL INSTRUMENTS AND METHODS FOR THE HOUSING MARKET - A first financial instrument defines an interest in a property, where one or more buyers are given rights on at least part of a selling price of the property. The interest is purchasable by the interest buyers independently of time of sale of the property and independently of change of occupants of the property. A second financial instrument separates habitational rights in a habitable property from non-habitational rights in that property. A combination between the two financial instruments is also provided.09-11-2008
20080222017Method of structuring a property transaction enabling the seller to reacquire the property and maximize profits on the property - The present invention relates to methods of structuring contracts for the purchase of property, and specifically relates to a method of structuring a contract for the purchase of real property, such as a parcel of real estate, enabling the original seller to reacquire the sold property in a transaction controlled by the seller and providing the original purchaser with additional capital to purchase the real property. The method comprises09-11-2008
20080222016Using commercial share of wallet to manage investments - Commercial size of spending wallet (“CSoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“CSoW”) is the portion of the spending wallet that is captured by a particular financial company. A modeling approach utilizes various data sources to provide outputs that describe a company's spend capacity. Managers of investment vehicles, such as mutual fund managers, can use CSoW/CSoSW as one of the parameters to be considered when picking stocks to buy, sell, or short. Investment managers can also use CSoW/CSoSW to predict which stocks in their portfolio are likely to suffer a price fall.09-11-2008
20080222015Method and apparatus for development and use of a credit score based on spend capacity - Share of Wallet (“SOW”) is a modeling approach that utilizes various data sources to provide outputs that describe a consumers spending capability, tradeline history including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. A SOW score focusing on a consumer's spending capability can be used in the same manner as a credit bureau score.09-11-2008
20080222014Property Sale Application and Tracking System - A property sate application system, such as for a tax deed, is provided that receives sale applications. The tax deed application can include information associated with a parcel, certificate information associated with a tax certificate associated with the parcel, and investor information associated with an investor associated with the at least one tax certificate. The system can enter data representative of the application into a database, transmit the application for review, and retrieve parcel information related to the identification information, the certificate information, or the investor information. The system may update the application data in the tax deed database based at least in part on the parcel information, receive a title search request based at least in part on the parcel information, transmit the title search request for processing, provide a status identifier representative of a current status of the tax deed application, and update the status identifier.09-11-2008
20130179316Automatic Savings Plan Generation - Aspects of the disclosure relate to a provisioning of a savings plan for one or more users. In some embodiments, a plan may be generated based on an analysis of information associated with a user. The plan may be adapted or modified over time, optionally in response to the occurrence of one or more events. In some embodiments, a user may have an opportunity to modify a term, value, or condition associated with the plan or a portion thereof. In some embodiments, a user may be provided an incentive for participating in the plan. For example, a user may receive a contribution or be enrolled in a lottery.07-11-2013
20130179317NEGOTIABLE INSTRUMENT ELECTRONIC CLEARANCE MONITORING SYSTEMS AND METHODS - Methods, devices, and systems for analyzing negotiated negotiable instruments are described. A computer system, including a computer readable storage device and a processor may be provided. A plurality of electronic files may be received. Each of these electronic files of the plurality of electronic files may include an electronic image of at least a portion of a negotiable instrument and include a plurality of data fields. The plurality of electronic files may be divided into subsets based on whether data is available in particular data fields of the electronic files. Based upon the subset an electronic file is made a member of, various selection criteria may be applied to determine if the electronic file is a candidate for suspicious and/or illegal activity. Statistics may be calculated about the analysis process to determine the quality and effectiveness of various analysis methods.07-11-2013
20130179318System and Method for Debt Presentment and Resolution - A system and method for debt presentment and resolution through an Intranet or Internet content provider is disclosed. Said system and method include a plurality of “transaction communities” which are electronic forums allowing interaction between a plurality of debtors and creditors through means of electronic mail (e-mail) or other electronic communication means. The Internet/Intranet based software application allows said debtors to access and input information related to a particular debt with any Internet browser software. Said debtors are provided with the URL (Universal Resource Locator) for said content provider along with a unique identification code from the collection agency(s) through mail correspondence or other communication means. Upon said user entering said URL and entering said identification code, said user may then proceed to choose from a variety of settlement options listed on the HTML (HyperText Markup Language) page.07-11-2013
20130173442TUNING PRODUCT POLICY USING OBSERVED EVIDENCE OF CUSTOMER BEHAVIOR - A computer adapted for pay-as-you go or other metered use has a policy for determined what measurements to take to detect fraud as well as steps to take when fraud is found. To optimize between good performance and sufficient tests to reduce the risk of fraud, a policy is developed based on observation of the users behavior, using data taken at the computer, data from a payment processor or both. After analysis, an updated policy is securely loaded at the computer to determine what, and how often to measure for suspected fraud.07-04-2013
20120254003Automated System and Method for Providing Lease Payment Information to Consumers via the Internet - A system and method of providing payment information for a lease of a specific vehicle in a vehicle dealer's inventory to a consumer via an Internet website of a dealer service is disclosed. A lease service obtains data via the Internet from the dealer service. The data is stored in a database associated with an Internet website and includes vehicle data, lease data, and consumer data. The lease service determines a residual value of the vehicle and obtains lease funding information from one or more third parties. The lease service then determines lease payment information and generates a disclosure webpage of the lease payment information. The disclosure webpage is formatted to comply with the Regulation “M” disclosure notice for vehicle lease payments. The consumer is allowed to view the disclosure webpage from the Internet website before committing to the lease.10-04-2012
20080208721Computer System and Method for Determining an Earthquake Damage Index - In a computer system and a computer-implemented method for determining a damage index indicative of damage caused by an earthquake to a portfolio of objects associated with a geographical area, local portfolio replacement value indices are stored assigned to object or grid coordinates of the geographical area. For each coordinate having a local portfolio replacement value index assigned to it, a local damage index is calculated from location, depth, and magnitude data related to the earthquake and from the local portfolio replacement value index, using local vulnerability and attenuation parameters. The damage index is calculated by aggregating the local damage indices for the grid coordinates. For any size of the geographical area and for any resolution of the grid, a damage index reflecting the geographical distribution of the portfolio objects can be determined, without need for a network of seismological measurement stations distributed in the geographical area.08-28-2008
20080215471SYSTEMS AND METHODS FOR PRIORITIZING RECONCILEMENT INFORMATION SEARCHES - Systems and methods are disclosed for assisting a check-cashing entity to efficiently and accurately locate relevant positive pay information or other reconcilement information regarding a check or other negotiable instrument that has been presented in association with a request to cash, deposit, use as payment or other otherwise accept the check or negotiable instrument. In various embodiments, when a plurality of potentially useful reconcilement information sources are selected for querying in association with a proposed check-cashing transaction from amongst a set of available reconcilement information sources, factors relating to the transaction, factors relating to characteristics of the information sources, and factors relating to preferences on the part of the check-cashing entity may be considered in order to select and prioritize the querying of information sources that are deemed likely to hold desired reconcilement information.09-04-2008
20080215470Methods and apparatus for use in association with payment card accounts - In one aspect, a method includes: receiving data indicative of one or more characteristics of a customer having an existing or prospective relationship with a retail business; providing data indicative of a plurality of possible payment card accounts that are available from a financial institution for customers of the retail business, each of the plurality of possible payment card accounts having at least one characteristic; determining a plurality of estimates, each of the plurality of estimates being associated with a respective one of the plurality of possible payment card accounts and indicative of a financial metric that would be realized by the retail business if the customer had a payment card account having the at least one characteristic of the associated one of the lo plurality of possible payment card accounts; and selecting one of the plurality of possible payment card accounts based at least in part on the estimate associated with the possible payment card account and on selection criteria that includes at least one criteria related to a financial metric of the retail business.09-04-2008
20110270729System and Method for Creating a Market Map in an Electronic Trading Environment - A market map interface displays market information and trader-related information associated with at least two tradable objects. In one embodiment, the at least two graphical interfaces may be linked, and a user may define one or more adjustment parameters to be used to adjust the view of information being displayed via the linked graphical interfaces. For instance, a user may initiate repositioning of one of the linked graphical interfaces, thus, effectively, causing other linked graphical interfaces to be repositioned according to the defined adjustment parameters.11-03-2011
20130091043SYSTEM AND METHOD FOR PRESENTING FRAUD DETECTION INFORMATION - Systems and methods for presenting fraud detection information are presented. In one example, a computer system analyzes empirical data to detect potentially fraudulent activity and alerts users of the potentially fraudulent activity via a fraud detection user interface. The fraud detection user interface determines a set of user interface components to suitable to present the potentially fraudulent activity and presents facts associated with the potentially fraudulent activity to a user for further analysis and investigation.04-11-2013
20130097061SYSTEM, METHOD AND APPARATUS FOR DYNAMICALLY GENERATING A QUESTION FLOW - A decisioning system and method for dynamically building a question flow for determining a financial product suitable for a customer. The method includes selecting a second data capture stage from a predetermined set of one or more possible second data capture stages on the basis of an eligibility score associated with a financial product. The eligibility score is based on customer information submitted in response to a first data capture stage and is updated on the basis of customer information submitted in response to the selected second data capture stage. The first data capture stage and the second data capture stage each comprise data relating to one or more questions to be presented to a user.04-18-2013
20130097059PREDICTIVE INITIAL PUBLIC OFFERING ANALYTICS - Systems and techniques are disclosed for identifying a marketing opportunity by associating a set of prediction scores with a set of privately-held entities. Each of the set of prediction scores is based on a likelihood of a privately-held entity initiating an IPO over a set period of time. To derive the set of prediction scores, systems and techniques are disclosed that utilize one or more private company data, investor data, deals data, and market data associated with a privately-held entity. An accompanying confidence rating may also be provided for each of the set of prediction scores.04-18-2013
20130097060Educational and Game-Based Banking Application whereby Youth Earn Real Money toward Specific Savings, Spending and Charity Goals - A money management method that teaches financial literacy is described. An account owner—including but not limited to a parent, grandparent, or legal guardian—makes money available to be earned through the system. An account beneficiary—including but not limited to a minor under the age of 18—earns money by completing a series of educational lessons and games (known in the system as “challenges”). Once earned, money is allocated by the beneficiary to specific savings, spending, and charity goals (known as “funds”). The amount of money earned for a given challenge is dependent upon the goal (“fund”) to which it is allocated. Account owners can make additional moneys available (known as a “match”) for specific savings and charity goals. Funds integrate on the back-end with traditional financial products—including but not limited to checking, savings, 529 and/or Prepaid accounts. The system is managed on web, mobile and tablet platforms.04-18-2013
20130103559System and Method for Financing Motor Vehicle Registrations - A system and method for financing vehicle registration fees over the foil term of a vehicle purchase or lease financing wherein the system uses a dealer server having a proposal generating program capable of producing a vehicle purchase and a vehicle lease digital proposal a registration server having a registration fee generating program capable of reviewing the digital proposal from the dealer server and based thereon, generating a digital term-registration fee information and a finance server having a finance arrangement program capable of producing a digital financing contract based on the digital proposal and the digital registration fee information. The servers are in mutual communication via a digital communication network wherein the digital proposal, the digital term-registration fee information and the digital financing contract are shared between the servers.04-25-2013
20130103560METHOD AND SYSTEM FOR ACCOUNT HOLDERS TO MAKE, TRACK AND CONTROL VIRTUAL CREDIT CARD NUMBERS USING AN ELECTRONIC DEVICE - A method and system that allows an account holder to create secure single and multi-use virtual credit account numbers from electronic devices, such as smart phones, tablets, computers and so forth. In addition, the method and system allows non-editable virtual credit card images to be created in another name from an administrator's account, which is perfect for employer/employee card creation, and electronically transmitted to an intended recipient. Secure virtual credit account numbers may be sent via email as a card image or SMS text message. An account holder or appointed administrator may establish restrictions on usage of a recipient's virtual credit card. The method and system also includes a pay system for processing batch payments for vendors by uploading payment files and issuing virtual credit cards to vendors with outstanding invoices.04-25-2013
20130132248IDENTIFICATION AND RISK EVALUATION - Methods, systems, and machine-readable media are disclosed for identification of an individual and evaluation of risk from doing business with that individual. In one embodiment a method of evaluating a risk from conducting business with an individual comprises receiving identity information related to the individual. The identity information includes information from an identity credential presented by the individual. The identity credential is validated based on the information from the identity credential and one or more positive databases. An identity of the individual is verified based on the identity information and the one or more positive databases. The identity information is screened against one or more negative databases indicating past losses to one or more entities. Results of the screening are reported based on one or more criteria of an entity considering doing business with the individual.05-23-2013
20130144772JOURNALING ON MOBILE DEVICES - A journaling subsystem on a mobile device stores event data related to applications or other subsystems running on the mobile device. The event data can be stored and indexed in a journal database so that a timeline of past events can be reconstructed in response to search queries. In some implementations, a timeline can be reconstructed with markers on a map display based on search results. When the user interacts with a marker on the map display, the event data collected by the mobile device is made available to the user.06-06-2013
20130144771ALERT GENERATION BASED ON A GEOGRAPHIC TRANSGRESSION OF A VEHICLE ASSOCIATED WITH A COLLATERAL - A method of associating a geospatial boundary area with a vehicle, determining that the vehicle has transgressed the geospatial boundary area, and generating an alert communication to a party having a security interest in at least one of the vehicle and an ancillary collateral based on the transgression is disclosed. Also disclosed is the comparison of geospatial data received from a transmitter installed within the vehicle with a predetermined event specified by a lender or provider and dynamically generated using the geospatial data, to make a determination of a predictive indicator of default, delinquency, or loss of value of an asset.06-06-2013
20130144770ALERT GENERATION BASED ON A GEOGRAPHIC TRANSGRESSION OF A VEHICLE - A method of associating a geospatial boundary area with a vehicle currently having a security interest, determining that the vehicle currently having the security interest has transgressed the geospatial boundary area, and generating an alert communication to a party having the security interest in the vehicle based on the transgression is disclosed. Also disclosed is the comparison of geo spatial data received from a transmitter installed within the vehicle with a predetermined event specified by a lender or provider and dynamically generated using the geospatial data, to make a determination of a predictive indicator of default, delinquency, or loss of value of an asset.06-06-2013
20090048953METRICS SYSTEMS AND METHODS FOR TOKEN TRANSACTIONS - Systems and methods for monitoring token access transactions are provided. In one embodiment, the invention provides receiving transaction records for a plurality of bank card transactions, wherein the transaction records include transaction information and infrastructure information; determining whether a reportable event has occurred based on the transaction information with the transaction records; and providing an alert representing the reportable event.02-19-2009
20080313067MANAGEMENT AND DECISION MAKING TOOL FOR COMMODITY PURCHASES WITH HEDGING SCENARIOS - Methods for managing hedging scenarios associated with a retail commodity. The method includes enabling the creation of a risk profile associated with a user and the commodity. Based on the risk profile, the method includes selecting hedging scenario(s) associated with purchasing a quantity of the commodity. The method also includes determining a user cost associated with purchasing the hedging scenarios using a time-based price of the commodity and outputting the costs. In some embodiments the time-based price is historic. The method can include enabling the user to purchase a hedging scenarios. Some embodiments include accepting a commodity consumption pattern, adjustments to the pattern, what-if cases, costs to the provider of the hedging scenarios. The costs (and savings) to the user can be determined based on the accepted consumption patterns (and adjustments) what-if cases, and provider costs. Systems and programs for managing such hedging scenarios also provided.12-18-2008
20080201250Method and system for obtaining and financing exclusive real estate listings - A method of obtaining a seller's exclusive real estate listing for a property. The method comprises providing consideration to the seller, for example, in the form of an up-front payment, and receiving from the seller the exclusive real estate listing of the property, the exclusive real estate listing being for an exclusivity time period. If a sale condition, such as receipt of a bona fide purchase offer or a contract for sale, for the property is met during the exclusivity time period, the real estate agent receives return consideration, such as a refund of at least a portion of the consideration.08-21-2008
20080201249MARKET SENTIMENT INDICATOR - A method and system for determining and displaying market sentiment information is disclosed. The method may include obtaining customer opening option activity information from an order routing system database, excluding spread transactions from the customer opening option activity information, calculating a sum of buy call trades and sell put trades from the customer opening option activity information, calculating a total number of customer trades from the customer opening option activity information and dividing the sum of buy call trades and sell put trades by the total number of customer trades to calculate an indicator value. The indicator value may be recalculated every N period until an end of a trading day using all trades through the N period in the trading day.08-21-2008
20080201248Method and system for managing case based promises to pay - A method of managing case based promises to pay includes displaying a customer hierarchy. The customer hierarchy displays (i) a customer level with customer level information and (ii) plural account levels with account level information for respective multiple accounts of a customer needing collection. Also included is displaying action now amounts for the customer on the customer level and on the account levels of the customer hierarchy; wherein the account level information is rolled up into the customer level information. The method further includes interacting with a user to select the action now amount for an upper level in the customer hierarchy, and dispersing a partitioned amount of the action now amount to levels which the customer can promise to pay, for levels which are hierarchically below the level of the selected action now amount in the customer hierarchy.08-21-2008
20080201247Method, system and computer-readable media for evaluation or selection of real estate appraisers - A system and method for using information technology to enable selecting candidates for a real property appraisal assignment from among a population of real estate appraisers. A database contains information about the appraisal history of each of the population of appraisers. A query engine accepts specifications concerning a subject property from a user. The use may direct the query engine to identify appraisers that have experience in appraising real properties located within a certain distance from the subject property. The user may specify that only appraisals performed within a certain time period may be counted as valid appraisal experience. The user may direct the query engine to count references of comparable properties that lie within the specified distance from the subject property in appraisals performed by an appraiser as valid experience in selecting and ranking appraisers for an appraisal assignment.08-21-2008
20110225079METHOD AND SYSTEM FOR PERSONALIZED EDUCATION - The present invention is directed to methods and systems for producing educational material on a specific topic of interest. More specifically, the invention relates to an automated platform for providing specific financial information, through a graphic user interface, responsive to an end user's query. The invention is operative to generate financial wellness assessments and education plans personalized for individuals. The invention also includes systems and methods for aggregating and analyzing responses of a plurality of associated users to generate financial wellness assessment reports for associations (e.g., employers). Associations using this aggregated and analyzed data are therefore able to design an effective and impactful financial education program for their members.09-15-2011
20110225076METHOD AND SYSTEM FOR DETECTING FRAUDULENT INTERNET MERCHANTS - Systems and methods for detecting fraudulent merchants using the content of orders completed by the merchants. A fraud detection engine of a fraud detection system generates a fraud detection model using feature data extracted from order content data for known fraudulent and known non-fraudulent merchants. The fraud detection engine executes the model using feature data extracted from order content data for a target merchant to determine a fraud risk associated with the target merchant. If the fraud risk of the merchant is indicative of a fraudulent merchant, the fraud detection system can issue a request to a fraud analyst to review the target merchant further. The results of the fraud analyst's review can be used to update the fraud detection model.09-15-2011
20090150275VERIFYING WHETHER A SOFTWARE PACKAGE CALCULATING EFC USED FOR DETERMINING FEDERAL STUDENT FINANCIAL AID IS IMPLEMENTED ACCORDING TO A SPECIFICATION - A digital processing system verifies whether a software package designed to calculate EFC is implemented in compliance with a specification provided by the US Federal Government for a specific year. In one embodiment, a set of sample ISIRs provided by the US Federal Government is received, with each sample ISIR containing the details of a student and a corresponding expected set of EFC values pre-calculated based on the specification for that specific year. The digital processing system then sends the details of the student contained in a sample ISIR to the software package (being verified) and in response, receives the corresponding calculated values of the EFC calculated by the software package based on the details of the student. The calculated values of the EFC and the expected values of the EFC are then compared to determine if the software package is implemented in compliance with the specification.06-11-2009
20100287086Asset and liability modeling tool - A method for modeling financial variables describing a client over a time period. The method may comprise the step of generating a first simulation of the time period. Generating the first simulation may comprise the steps of assigning the client to a first health-related state and advancing the first simulation from a first interval of the time period to a second interval of the time period. A probability that the client will transition from the first health-related state to a second health-related state may be calculated, the client may be randomly assigned to either the first health-related state or the second health-related state considering the probability. According to various embodiments, the methods may also comprise the steps of calculating a client income for the second interval; and calculating a plurality of client expenses for the second interval. Also, the various health-related states may include one or more of a healthy state, a long term care (LTC) state, a disabled state and a dead state.11-11-2010
20100287085ALTERABLE ACCOUNT NUMBER - Embodiments of the invention are directed to apparatuses, systems, and methods that allow for personalized data to be embedded in a primary account number associated with a consumer device. In one embodiment, a consumer device comprises a body and personalized data embedded into a primary account number, associated with the body. The primary account number includes a bank identification number and the bank identification number and the personalized data overlap.11-11-2010
20100287083Detecting modifications to financial terminals - A method of detecting unauthorized modifications of financial terminals includes receiving an electromagnetic profile from the terminal, comparing the received profile to a stored profile, and determining whether unauthorized modifications have been made based on the comparison. The determination may be based on a correlation coefficient and the method may include transmitting a stimulus profile in an active mode. A system for detecting unauthorized modifications to financial terminals includes a receiver to receive the emitted profile and a computing device. The computing device compares the received profile to the stored profile to determine whether unauthorized modifications have been made. The system may also include a transmitter to transmit a stimulus profile in an active mode, wherein the received profile is emitted by the financial terminal in response to the stimulus profile. The system may also be incorporated in the financial terminal.11-11-2010
20110238549FOREIGN CURRENCY EXCHANGE SYSTEM AND METHOD - A foreign currency exchange system and method are provided that allows the user to exchange various foreign currency for a physical or electronic gift card, a donation to a charity, a stored foreign currency value card and/or a multi-currency debit cash card.09-29-2011
20130151387ECONOMIC ACTIVITY INDEX PRESENTING SYSTEM - The Account Transaction Record Information of a financial institution and Supplementary Information are imported, and the Account Transaction Record Information and the Supplementary Information are linked to generate Deposit Source/Withdrawal Destination Linking Information in which the name and category of the deposits/withdrawals are defined. Subsequently, balance information for each account and deposits/withdrawals information, which is journalized for each item defining the usage/source of the funds and the continuity/non-continuity thereof, are generated. Then the information items indicating the trend of the financing and business performance of companies or the trend of the financing and household budgeting of individuals are extracted and are converted into variables and index numbers by combining the balance information and the deposits/withdrawals information, resulting in the generation of economic activity indices such as financing trend indices, business performance trend indices, and household budgeting trend indices.06-13-2013
20130151388SYSTEMS AND METHODS TO IDENTIFY AFFLUENCE LEVELS OF ACCOUNTS - Systems and methods are provided to generate information indicative of the opportunity to provide offers to affluent account holders, based on transaction data recording the transactions in the accounts of the account holders. The opportunity information may not be indicative of the actual overall spending level of the account holders. The opportunity information is generated based on rankings of the respective accounts based on spending characteristics in a plurality of merchant categories, such as international travel, dining out, specialty retail, etc.06-13-2013
20130151386Service Delivery in Networks - A method for providing access to a service using a network is implemented by establishing an agreement between an enterprise and a network service provider administering a network. Based on establishing the agreement, information is received from the network service provider on network resources configured to enable access to the service provided by the enterprise. A request to access the service is received from a network device via the network. The identity of the user associated with the network device is verified. Based on successfully verifying the identity of the user, the network device is sent information on the network resources. A service connection is established between the network device and the enterprise using the network resources that are configured to enable access to the service. The network device is allowed access to the service over the service connection.06-13-2013
20090024501Systems and Methods for Processing Pricing Data - Processing pricing data can be provided by receiving first data associating a first price source, a first market condition, and an instrument; receiving second data from at least one of a plurality of price sources, the second data comprising a first price quote for the instrument; determining that the at least one of the plurality of price sources matches the first price source; and generating a second price quote for the instrument based on the second data. Time data may be used for synchronizing the first data and the second data. The first price source may be changed to a second price source and/or the first market condition may be changed to a second market condition; and a third price quote generated for the instrument based on the associated second price source. Cached data may be used for processing the pricing data.01-22-2009
20120259752FINANCIAL AUDIT RISK TRACKING SYSTEMS AND METHODS - A system is provided for audit risk and tracking (ART) including an audit firm application (ART1) and a client bank application (ART2). The system maintains a data model of control activities for a best practices bank (BPB), against which control activity gap assessments are conducted for client banks. An interactive gap assessment report allows insight into controls that are lacking versus the BPB. The ART1 and ART2 systems interact to allow the client bank to interact with the audit firm to cooperate in assessing and managing business initiatives and other control, audit, and ERM activity. Novel risk scoring assessments are provided to help manage client bank controls in relation to the BPB model. A web service is provided that automatically updates the BPB model from ART1 to ART2.10-11-2012
20120259751Escrow Accommodation method and system - An escrow accommodation method and system adapted for deployment via the offices of brokers, mortgage companies, lending institutions and title insurers to facilitate remote video-conferencing of potential buyers and sellers with independent escrow agents. The design includes contracting with and/or contacting at least one escrow company to provide escrow services from a remote location; contracting with and/or contacting at least one non-escrow company, e.g., broker, mortgage company, lending institution, and/or title insurer, to allow remote escrow services to be provided at an office of at least one non-escrow company; and enabling the provision of escrow services by the escrow company to an individual located at the office of at least one non-escrow company via a videoconferencing system disposed between the escrow company and the office of the non-escrow company.10-11-2012
20090177569Water alteration structure risk management or ecological alteration management systems and methods - A method of managing risk includes selling individual insurance policies regarding areas to be protected by storm suppression equipment. The method discussed also includes finding at least one of purchase, operation, or maintenance of the storm suppression equipment at least partially through premiums collected from the selling.07-09-2009
20100306095METHOD FOR FINANCIAL FORECASTING - A method and system for financial allocation and forecasting for calculating daily, weekly, and monthly spending rates that can be used by a company or a person is disclosed, providing an over/under forecast variance. The forecast variance is converted to the number of days required to reduce all spending to zero to eliminate over spending. The method receives financial data either manually or by a program application and treats all transactions as cash equivalents. The method includes a plurality of program applications formulated to generate a plurality of forecasting parameters. A rate factor which is a subjective decision of the user is received from a range −3 to +3 to automatically calculate an under/over value variance. The invention utilizes Gregorian calendar that has a five week month occurring every three months to identify 7.7% savings of yearly income. Further, the method converts the irregular yearly and quarterly expenses into monthly amounts and put the expenses in savings. The method categorizes the spending into need which is essential and wants which is optional for the user. It integrates all financial decisions made within the invention into a forecast of today's cash balance.12-02-2010
20130138544SYSTEM AND METHOD FOR CREATING FINANCIAL TOOLS - A system and method for developing a financial tool is provided. The system is an enterprise level framework. The system for developing a financial tool includes a User Interface Module, a Component Module, a Business Logic Layer Module, and an Application Programming Interface (API). The User Interface Module is configured to develop a user interface of a financial tool, based on the requirements of a business solution. The Component Module is configured to define the structure and the function of the user interface of the financial tool being developed, based on the requirement of the business solution. The Business Logic Layer Module is configured to process data in the financial tool, based on the requirement of the business solution. The API is configured to retrieve data from an end-user or an external data source to further process the retrieved data based on the requirement of the business solution.05-30-2013
20130138543SYSTEMS AND METHODS FOR MANAGINIG CHARITABLE CONTRIBUTIONS AND COMMUNITY REVITALIZATION - A system and method for managing charitable contributions and community revitalization includes efficiently providing donations to charities, matching donors with recipients, identifying entities and organizations that may be able to help a community meet the development goals thereof, and facilitating communications between information providers and individuals seeking information. The system and method also include developing a social network of individuals and organizations who are interested in the charitable contributions and community revitalization, and providing information regarding donations made by members of the social network and other contributors.05-30-2013
20100318450System, Method and Article of Manufacture for a Network-Based Child Support Framework - A system, method and article of manufacture are provided for providing a network-based child financial support framework. First, a database is maintained including information on a received financial support payment utilizing a network. Further, general information is provided relating to the financial support payment utilizing the network. The calculation of a proper amount of the financial support payment may also be allowed based on a profile a user. Still yet, a history associated with the financial support payment is displayed.12-16-2010
20100318449Electronic accounting machine with overdraft warning - An electronic accounting machine includes a housing, a display screen carrying a set of icons and defining a numeric data display zone, a set of numeric keys, a set of function keys, an operation and memory circuit having an Autorun Program, an account statement and a warning program, the account statement featuring a plurality of items of expenditure, each item of expenditure having an early-warning threshold value and a cumulative expenditure value, the warning program executing a warning action when the cumulative expenditure value surpasses said early-warning threshold value, and a connection interface electrically connected to the operation and memory circuit for connecting to an external computer for enabling the Autorun Program to run automatically and to let a user of the external computer access to the account statement.12-16-2010
20120284157Continuing disclosure notification system - A method and system for managing information related to fixed income securities and characteristics of investor-sought securities by users of a management and information system employing a computer system and a computer communication network. The method including the steps of entering into the computer system characteristics of a users fixed income security portfolio. CUSIP information for securities included, in the user entered fixed income security portfolio are identified. Disclosure material from EMMA using identified CUSIP information for securities included in the user entered fixed income security portfolio are retrieved and notification is provided to the user containing the retrieved disclosure material.11-08-2012
20080262955Apparatus to Facilitate Multi-Dimensional Representation of Financial Data - Trading information for securities is received and processed. This processing permits the determination of a close price for a current trading period, a close price for a previous trading period, a last trading price for the current trading period, a plurality of trading prices and corresponding trading volumes during the current trading period, and a plurality of trading prices and corresponding trading volumes during the previous trading period. This processed information is then output as a chart. By one approach, a relative minority of these items of processed information are additionally highlighted with a unique visual symbol.10-23-2008
20130159154WALLET SERVICE ENROLLMENT PLATFORM APPARATUSES, METHODS AND SYSTEMS - The WALLET SERVICE ENROLLMENT PLATFORM APPARATUSES, METHODS AND SYSTEMS (“WSEP”) facilitates the enrollment of payment accounts in a consumer's virtual wallet. The consumer may be logged into their payment account issuer's web site and designate one or more payment accounts for enrollment in a virtual wallet. The issuer may then share account, billing and/or other relevant information with the virtual wallet provider to facilitate the enrollment of the designated payment accounts in the virtual wallet. The WSEP may also be configured to facilitate the creation and funding of pre-paid accounts in a consumer's virtual wallet.06-20-2013
20130159155TECHNIQUE FOR AUTOMATICALLY INPUTTING DATA INTO AUTO BUDGET BOOK - Disclosed is a technique for automatically inputting information into an auto budget book program. More specifically, an auto-budget-book-program is installed within an AVN (Audio Video Navigation) system and is run each time a vehicle equipped with an AVN is refueled. The AVN system monitors a fuel gage sensor to determine when the vehicle is being refueled and activates the auto budget program as result of such a determination. Additionally, this information provided by fuel gage sensor is automatically input into the AVN system to induce users to utilize an auto budget book and as a result reduce fuel costs06-20-2013
20130159156DUAL-ACTIVATION FINANCIAL PRODUCTS - A system operating in conjunction with a financial account permits joint activation of a card associated with the financial account. An event-detection module detects an event related to the card and an authorization component for permitting certain individuals to use the card. A messaging module generates account-related messages and transmitting these messages to individuals associated with the financial account.06-20-2013
20130185182Opinion Based Currency For Economic Optimizations Using Publicly Available Data - A system and method for transparently valuing a market of fungible opinions, as a basis for more efficiently motivating individuals in society to make actionable resource allocation decisions, including buying and selling and contracting thereof, by valuing individual published opinions and compensating holders of opinions for making valuable contributions to society, as well as compensating providers of physical property and labor resources for providing those resources to society, on the evidence of favorable opinions about specific contributions to society.07-18-2013
20130185181DEVICE AND METHOD FOR ATM MULTI-APPLICATION - “DEVICE AND METHOD FOR ATM MULTI-APPLICATION”, wherein the present patent application has as object to provide a companionship solution of “Property application” with “Client applications” from other Financial Institutions and provides a simplified model, wherein monitoring and operation are still under responsibility of a same owner, having multiplicity only of “Client Modules”, i.e., “Property+Other Institutions”.07-18-2013
20130185180DETERMINING THE INVESTIGATION PRIORITY OF POTENTIAL SUSPICIOUS EVENTS WITHIN A FINANCIAL INSTITUTION - Embodiments of the present invention relate to systems, apparatus, methods and computer program products for determining investigation prioritization for suspicious events within a financial institution. The present invention provides for continuous tuning of the risk score associated with a suspicious event or event group to insure accurate investigation prioritization based on the risk score. In addition, the present invention continuously tunes the risk score based on the sample size of cases (i.e., the confidence) used to determine the risk assessment (i.e., the effective Suspicious Activity Report (SAR) yield attributed to the event or event combination).07-18-2013
20130191262INDUSTRY SIZE OF WALLET - Consumer spend by industry is modeled based on the industry sizes of wallet of consumers having a high share of wallet with a financial institution. A size of wallet is calculated for each consumer in a plurality of consumers. A share of wallet for each consumer is also calculated. A subset of the plurality of consumers whose share of wallet is above a given percentage of their size of wallet is then determined. For each consumer in the subset, an industry size of wallet is determined. A correlation between the industry size of wallet of a given consumer and one or more characteristics of the given consumer is then derived using the industry size of wallet for the consumers in the subset.07-25-2013
20130191261SYSTEMS AND METHODS FOR ELECTRONIC ACCOUNT CERTIFICATION AND ENHANCED CREDIT REPORTING - Systems and methods are provided for electronically certifying financial account data and providing enhanced credit reporting capabilities. The systems and methods may include electronically receiving a certification request from a requesting computer, wherein the request is associated with a financial account requiring certification, collecting financial data from at least one financial data provider, where the financial data provider is associated with at least one financial account requiring certification.07-25-2013
20120005055DYNAMIC COMPUTATION OF ROI FOR TEST AUTOMATION - Embodiments of the present invention provide a method, system and computer program product for dynamic computation of return on investment (ROI) for test automation. In an embodiment of the invention, a method for dynamic computation of ROI for test automation can include storing a development cost for an automated test tool configured to test an application under test, and also a cost of manually executing a test case for the application under test. The method also can include repeatedly executing the automated test tool for the application under test. Of note, the method can include computing a running ROI as a difference between a number of executions of the automated test tool by the cost of manually executing the test case for the application under test less the development cost of the automated test tool divided by the development cost. Finally, the method can include displaying the running ROI.01-05-2012
20120022988METHOD AND SYSTEM FOR CREATING AND TRADING DERIVATIVE INVESTMENT INSTRUMENTS BASED ON AN INDEX OF COLLATERALIZED OPTIONS - Collateralized option index derivative investment instruments and methods for creating a collateralized option index are disclosed herein based on changes in a performance of collateralized option strategies. According to an aspect of the disclosure, a method for calculating a collateralized option index is disclosed. In one embodiment, the method for calculating a collateralized option index includes calculating a value of a portfolio invested in a collateralized short strategy according to the relation:01-26-2012
20080306851METHOD AND SYSTEM FOR MANAGING ACCOUNTS USING A SOCIAL NETWORK OVER A NETWORK - The present invention generally relates to data processing, and more particularly, to a method and system for managing accounts using online social network. The method and system allow for computer implemented management of a trust and other accounts4 over a network where the network users can generate and share content including journals, videos, and audio files.12-11-2008
20120030084Apparatus And Method For Converting Investment Capital Into Publicly Traded And Private Master Limited Partnerships - A method of generating income includes receiving investment capital from an investor. The investment capital is invested in publicly traded master limited partnerships to generate a revenue stream. The investment capital is also invested into a private company. The private company is subsequently converted to a master limited partnership to generate an equity gain. A portion of the revenue stream and a portion of the equity gain are distributed to the investor.02-02-2012
20120030083SYSTEM AND METHOD FOR EVALUATING RISK IN FRAUD PREVENTION - A method of determining a risk score indicating a risk that an electronic transaction will involve fraud and/or abuse. The method includes receiving transaction data associated with a not yet completed transaction from a merchant. The transaction data includes one or more characteristics related to the transaction. A profile is selected that identifies network devices each associated with the characteristics and having a device reputation. Next, a profile-based risk factor is determined as a function of a percentage of the network devices having a negative reputation. The risk score is determined as a function of the profile-based risk factor. In some embodiments, a transaction-based risk factor may also be determined. In such embodiments, the risk score is determined as a function of the profile-based and transaction-based risk factors. The risk score is provided to the merchant to be used thereby to determine whether to proceed with the transaction.02-02-2012
20120030082PREDICTIVE MODELING FOR DEBT PROTECTION/CANCELLATION - A method for predictive modeling is disclosed. Economic data associated with at least one economic trend is received. Claim and cancellation data associated with a financial product of a financial institution is generated, where the claim and cancellation data is based on past data. The economic data is used with the claim and cancellation data to forecast model future claim and cancellation data of a plurality of loans.02-02-2012
20120030081PHYSIOLOGICAL RESPONSE OF A CUSTOMER DURING FINANCIAL ACTIVITY - A server behavior modification system assists a customer during a financial activity, such as a transaction, and includes a current financial activity assistance system having a data collection system for collecting current physiological activity data, such as current electrodermal activity data, and a data manipulation system for assessing the likelihood of vulnerability to a predetermined undesired financial behavior, as defined by customer input received by a customer settings definition system. The assessment is based at least in part on the data manipulation system comparing a combined historical behavior pattern with the collected current data. The combined historical behavior pattern comprises a correlation between historical physiological activity data and historical financial activity data. An alerting system instructs a customer behavior modification system to produce an alert based at least in part on an assessment of likely vulnerability to a predetermined undesired financial behavior.02-02-2012
20120030080Systemic Risk Monitoring System And Method For Revenue Agencies - Systems, methods, and computer program products are provided for providing monitoring risk. In one exemplary embodiment, there is provided a method for monitoring risk. The method may include receiving, grouping, and summarizing first information relating to first data. The method may also include storing, based on the receiving, grouping, and summarizing, the information in one or more tables, wherein each of the one or more tables is associated with one or more fields of data. The method may also include receiving, grouping, and summarizing second information relating to second data. The method may also include querying the one or more tables. The method may include comparing the information received in response to the querying of one or more tables with the second information. The method may further include providing an indication of risk based with the comparison, wherein the first information and the second information include tax return information.02-02-2012
20120030079Risk Scoring System And Method For Risk-Based Data Assessment - Systems, methods, and computer program products are provided for determining risk. In one exemplary embodiment, there is provided a method for determining risk. The method may include receiving historical information relating to tax return data of a taxpayer. The method may also include updating one or more profiles associated with the historical information. The method may also include receiving current information relating to tax return data of the taxpayer. The method may also include querying the updated historical information based on the received current information. The method may further include processing historical information, received in response to the querying, together with the current information to generate one or more risk scores.02-02-2012
20120030078Credit And/Or Debit Card Security - A system and method of providing heightened debit and/or credit card security is presented. The debit and/or credit card may be void of any information printed on the card that may provide identification of the user, an account number associated with the card, an expiration date for the card, etc. In some examples, a portion of this information may be provided, but not all pieces of information, in order to reduce the likelihood of unauthorized use, such as during an on-line transaction where a user must input information generally found on the face of or rear of the card itself.02-02-2012
20130198051SYSTEM AND METHOD FOR CURSOR-BASED APPLICATION MANAGEMENT - A system and method of managing applications and event notifications using a cursor-based. GUI, wherein the cursor-based GUI is located adjacent to the cursor and provides a user with the ability manage and monitor a plurality of dynamically updated applications, commands and event notifications via a persistent and centralized interface. Since the cursor-based GUI is persistent in nature, the plurality of applications, commands and event notifications can be accessed regardless of the user's computer environment. The user can manage user authentication requirements and other configuration information for the cursor-based GUI.08-01-2013
20100082470METHOD FOR REMOTE CHECK DEPOSIT - A method and system for depositing a negotiable instrument, such as a check, using a cellular phone camera. The customer images the check for deposit by taking a photograph of the check with his cellular phone camera and sends the photograph as a MMS to the customer's bank. The system enables validating image quality, automatically recognizing code line, confirming geographical location of the deposit and verifying a courtesy amount of the check so that the check is deposited into the customer's bank account remotely.04-01-2010
20120095894ONLINE REGISTRATION SYSTEM FOR CROA-COMPLIANT CREDIT ADVICE SERVICES - Systems and methods for registering consumers for credit repair counseling may include use of electronic signatures and/or authorizations, electronic delivery of documents (e.g., consent and cancellation forms), automated scheduling in accordance with federal and/or state waiting periods, and/or consumer-selectable credit repair topics, among other features.04-19-2012
20120095893METHOD AND APPARATUS FOR HIGH-SPEED PROCESSING OF FINANCIAL MARKET DEPTH DATA - A variety of embodiments for hardware-accelerating the processing of financial market depth data are disclosed. A coprocessor, which may be resident in a ticker plant, can be configured to update order books based on financial market depth data at extremely low latency. Such a coprocessor can also be configured to enrich a stream of limit order events pertaining to financial instruments with data from a plurality of updated order books.04-19-2012
20130211986PERSONAL FINANCE INTEGRATION SYSTEM AND METHOD - An integration device retrieves credit reports, and/or other financial data that is available from one or more credit sources, for consumers and extracts financial account information from the credit reports. The integration device may then format and/or translates the account information into a format that is usable by a particular consumer's personal finance software and communicates the account information to the personal finance software. Accordingly, the personal finance software is provided with information regarding each of a plurality of financial accounts that are associated with the consumer so that the account information may be populated in the personal finance software with minimal effort by the consumer.08-15-2013
20130211987SYSTEMS AND METHODS TO PROVIDE ACCOUNT FEATURES VIA WEB SERVICES - Systems and methods configured to use a set of web services to facilitate the management, administration, and fulfillment of account features assigned on the basis of individual payment accounts. The web services include a service configured to query for account features assigned to a specific account, a service configured to query for account features available to a specific account, a service configured to query for disclosure material relevant to an account feature assigned to a specific account, a service configured to submit user acceptance of terms and conditions of an account feature by an account holder of a specific account, and a service configured to request assignment of an account feature to a specific account. The web services allow a third party to build customized applications to manage account features for assignment and fulfillment, based on a set of centralized and secured account feature data.08-15-2013
20130211988ELECTRIC VEHICLE DISTRIBUTED INTELLIGENCE - A system and method for distributed intelligence of power tracking and power allocation may include: receiving data by at least one computer from a plurality of identified charging stations and vehicles of customers at distributed locations throughout a power grid; analyzing, with at least one processor of the at least one computer, the data with respect to available power for those locations and customer historical usage and profiles; and sending commands, with the at least one processor, to reallocate power to assets of the power grid to handle fluctuations or forecasted fluctuations in power demand based on the analysis. Customer preferences may also be considered in predicting power demand issues and need for demand response. Economic rules may be executed to incentivize the customers to comply with demand response requirements where demand is greater than power supply.08-15-2013
20130211989LEGAL COST MANAGEMENT SYSTEM - A legal cost management system provides modules for outlining the process of a legal function, establishing pricing variables to each step of the legal function, all at the outset of the legal task. A budget is then generated and the legal task is managed by outside counsel based upon the agreed upon budget and process. When exceptions occur during the course of working on the legal function, outside counsel electronically submits requests for new work to corporate counsel, which in turn can be approved or denied. Point and click billing allows immediate invoicing which requires no review by corporate counsel as the work performed has already been approved. Statistical reporting provides corporate counsel with real time analysis of all the cases that are in the system.08-15-2013
20130211983ON-GOING CUSTOMER RISK ASSESSMENT OF A FINANCIAL INSTITUTION CUSTOMER POPULATION - Systems, apparatus, methods and computer program products are described for providing standardized risk assessments to a global financial institution customer population. Specifically, risk assessment provides for risk ranking the customer population throughout the lifecycle of the customer's relationship with the financial institution. In specific embodiments, the risk ranking efficiently includes three concise risk rank tiers; standard risk, medium risk and high risk. Such tier or level-based risk ranking does not rely on risk scoring each of the customers and, therefore, provides an accurate, efficient and simplified means of risk assessment that can be implemented across an entire customer population. In addition, since the risk ranking does not directly rely on customer transaction data, the risk ranking herein described is more accurate and efficient in identifying those customers that truly present a money laundering risk.08-15-2013
20130211984System and Method for Providing Recovery for Victims of Check Fraud - A method for a consumer to protect against loss associated with specified forms of check fraud. Upon purchasing checks, a consumer can subscribe to a check fraud protection program, for an additional fee. The subscription will enable the consumer to obtain reimbursement from the check printer for the consumer's losses due to specified causes. The consumer reciprocally assigns any right of recovery from the consumer's bank or financial institution to the check printer, which can then seek reimbursement from the bank, or financial institution and institute proceedings against the fraud perpetrator. Protection may be obtained for forged signatures, forged endorsements and altered check. A symbol to indicate such protection is also disclosed.08-15-2013
20130211985SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT FOR ASSESSING RISK OF IDENTITY THEFT - In one embodiment, this invention analyzes demographic data that is associated with a specific street address when presented as an address change on an existing account or an address included on a new account application when that address is different from the reference address (e.g., a credit bureau type header data). The old or reference address and the new address, the new account application address or fulfillment address demographic attributes are gathered, analyzed, compared for divergence and scaled to reflect the relative fraud risk.08-15-2013