Patents By Frip

July 20, 2021

Total CPC G06Q Subclass (business methods) patents issued:  215

Financial industry business method patents reviewed herein:   10

PATENT: Financial document image capture deposit method, system, and computer-readable; US 11,068,976 B1; 7/20/2021; CPC G06Q 40/02; 11 claims; assigned to USAA.

ABSTRACT: The APPARATUSES, METHODS AND SYSTEMS FOR A VIDEO REMOTE DEPOSIT CAPTURE PLATFORM (hereinafter "RDC-Video") provides a platform for remote deposit by obtaining images of a check from streaming video captured by a video camera, wherein the RDC-Video transforms captured check images and/or entered check deposit information inputs via RDC-Video components into deposit confirmation outputs. For example, in one embodiment, a user may employ a personal computer connected to a web camera, and/or a smartphone with a built-in camera to initiate the remote deposit by holding a check in front of the camera, and the RDC-Video may capture images of the check and send them to a financial institution for deposit processing.

PATENT: System and method for providing a payment instrument; US 11,068,977 B2; 7/20/2021; CPC G06Q 40/025; 20 claims; assigned to Barclays Execution Services Limited.

ABSTRACT: A system and method for processing an online application for a payment instrument is described, in which user details are received, a payment instrument is assigned based on the received user details, wherein the payment instrument is associated with unique identifying data, and the user is informed of the assigned payment instrument by transmitting a first portion of said unique identifying data via a first communication channel, and transmitting a second portion of said unique identifying data via a second communication channel different to the first communication channel.

PATENT: Fee/rebate contingent order matching system and method; US 11,068,979 B1; 7/20/2021; CPC G06Q 40/04; 11 claims; assigned to NYSE Chicago, Inc.

SUMMARY: The present invention provides a method and system for an Order Matching Entity (OME) which uses a specialized computer matching system that is programmed to match orders to buy or sell (or to cross transactions in) any financial instrument or other tradable interest including, but not limited to, securities, options, futures, debt instruments, foreign exchange, swaps, or any other financial instrument.

PATENT: Electronic systems and methods for providing a trading interface with advanced features; US 11,068,980 B2; 7/20/2021; CPC G06Q 40/04; 12 claims; assigned to BGC Partners, Inc.

ABSTRACT EXCERPT: Systems and methods for a trading interface with advanced features are provided. Along with providing the benchmark issue and non-benchmark issues, the trading application may also provide the trader with the ability to obtain trading information (e.g., another quad) for each of the related U.S. Treasury swaps ("T-swaps"), off-the-runs, yield curve T-swaps, and basis. In some embodiments, the trader may be provided with a customized keyboard to navigate through the trading interface. The keyboard preferably includes keys that allow the trader to quickly and efficiently switch between multiple issues in a quad.

PATENT: System and method for displaying trade information for electronic trading exchange; US 11,068,981 B2; 7/20/2021; CPC G06Q 40/04; 14 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: An application is disclosed that receives from a host exchange a plurality of trade notifications, each trade notification corresponding to an executed trade, and for each executed trade of interest, may determine whether the executed trade belongs in an aggregated set with one or more other executed trades. The application provides an indicator for indicating whether the corresponding executed trade or aggregated trade traded on the bid side or on the offer side of the market, and which indicates whether additional volume is available at the associated trade price.

PATENT: Systems and methods to securely match orders by distributing data and processing across multiple segregated computation nodes; US 11,068,982 B2; 7/20/2021; CPC G06Q 40/04; 19 claims; assigned to Tora Holdings, Inc.

FIELD: The present technology relates generally to distributed computing, and more specifically, but not by limitation, to systems and methods that securely match orders by distributing data and processing across multiple segregated computation nodes.

PATENT: Method and system for order management; US 11,068,983 B2; 7/20/2021; CPC G06Q 40/04; 13 claims; assigned to CFPH, LLC.

ABSTRACT: A method and system for order management that allows access to additional pools of liquidity is described. Other embodiments are also described.

PATENT: Systems and methods for computing an index for a binary options transaction; US 11,068,984 B2; 7/20/2021; CPC G06Q 40/04; 20 claims; assigned to CFPH, LLC.

ABSTRACT: Methods, apparatuses, and article of manufactures for receiving a plurality of bids and offers for a binary options instrument. Each bid and offer comprises a quantity and a price. A subset of bids and offers from the plurality of received bids and offers is generated. At least one rule is applied to the subset of bids and offers to generate a reduced subset of bids and offers. A binary options index is computed from the reduced subset of bids and offer. A request for a binary options transaction that is based on the computed binary options index is received.

PATENT: System and method for automated order entry on short queues; US 11,068,986 B2; 7/20/2021; CPC G06Q 40/04; 21 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user defined threshold.

PATENT: Next generation assistance; US 11,068,987 B1; 7/20/2021; CPC G06Q 40/06; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Various examples are directed to computer-implemented systems and methods for next generation financial account assistance. The method includes receiving a request from a primary account holder to provide a first limited permission for a secondary member to access an account of the primary account holder, and receiving a request from the primary account holder to provide a second limited permission for the secondary member to access the account of the primary account holder, where the second limited permission is activated based on one or more conditions selected by the primary account holder.

July 13, 2021

Total CPC G06Q Subclass (business methods) patents issued:  180

Financial industry business method patents reviewed herein:   10

PATENT: Structuring computer-mediated communication and determining relevant case type; US 11,062,239 B2; 7/13/2021; CPC G06Q 10/063; 13 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: A system, method and the like for structuring computer-mediated communication data, such as social media data, determining a relevant operations management case/event type(s) based at least on the structured data and generating an applicable case type-specific workflow for the case implementing the structured data.

PATENT: Activity integration associated with resource sharing management application; US 11,062,243 B2; 7/13/2021; CPC G06Q 10/06312; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention are directed to systems, methods, and computer program products for providing an enhanced resource sharing management platform configured for intelligent, proactive and responsive integration of resource activity functionality with a resource sharing management application provided on a user device. The system is further configured to perform one or more user activities, in an integrated manner, within a single interface of the user device, without requiring the user to operate disparate applications.

PATENT: Enterprise framework for efficient and adaptable workflow application data distribution; US 11,062,246 B2; 7/13/2021; CPC G06Q 10/0633; 17 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: A system and methods for an enterprise framework for efficient and adaptable workflow application data distribution using a Software Deployment Management (SDM) environment are described. Workflow data is received by the system from a workflow management application and modeled for downstream use. Use of a consumer data provisioning point (CDPP) agent includes utilization of a central control table that assists with the extraction, transformation and loading of workflow data from a proprietary format to a modeled relational forma.

PATENT: Computer-based systems configured to detect fraudulent activities related to card-transacting devices and methods of use thereof; US 11,062,248 B1; 7/13/2021; CPC G06Q 10/0635; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods of detecting fraudulent activity including skimmers adapted to compromise transacting devices such as automated teller machines (ATMs) are disclosed. In one embodiment, an exemplary computer-implemented method may comprise generating a database of information regarding risk levels of a plurality of transacting devices, determining that a subject device has a risk level higher than a risk threshold, providing a push notification to a mobile device proximal to the subject device, executing a software application executed by the mobile device for gathering information and transmitting feedback regarding the subject device, and providing an incentive, upon receipt of the feedback, to an account or device associated with an individual involved with the feedback or interaction with the device.

PATENT: Systems and methods for funds transfers via a token management system; US 11,062,319 B1; 7/13/2021; CPC G06Q 20/405; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Systems, methods, and apparatuses provide token management in a federated fund transfer environment. An example method includes receiving, by a token management system, a designation of a single token; receiving, by the token management system, a token management designation adapted to manage the single token; receiving, by the token management system, a rule designation for the token to enable association of the single token with two or more entities of the federated fund transfer system; and generating, by the token management system, a rule based on the rule designation to cause application of the rule with the single token in a subsequent fund transfer transaction utilizing the single token.

PATENT: Data control tower; US 11,062,388 B1; 7/13/2021; CPC G06Q 40/02; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Systems, methods, and apparatuses for providing a customer a central location to manage permissions provided to third-parties and devices to access and use customer information maintained by a financial institution are described. The central location serves as a central portal where a customer of the financial institution can manage all access to account information and personal information stored at the financial institution. Accordingly, the customer does not need to log into each individual third-party system or customer device to manage previously provided access to the customer information or to provision new access to the customer information.

PATENT: Configuration of data transfer recipient; US 11,062,389 B2; 7/13/2021; CPC G06Q 40/02; 14 claims; assigned to The Toronto-Dominion Bank.

FIELD: The present disclosure relates to data transfer configuration systems and methods and, more particularly, to methods and systems for configuring data transfers over a network.

PATENT: System and method for implementing a virtual banking assistant; US 11,062,390 B2; 7/13/2021; CPC G06Q 40/02; 18 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: The invention relates to a virtual banking assistant that provides an overall awareness for a particular customer. The virtual banking assistant system may observe the customer to identify customer intent and context. For example, the virtual banking assistant system may observe the customer's interactions and listen to conversations. The virtual banking assistant may further access customer historical data, e.g., profile data, current account status, spending habits, late/penalties, fraud data, etc. In addition, recent customer activity may be identified.

PATENT: Systems and methods of personalized inflation modeling based on activity monitoring; US 11,062,392 B1; 7/13/2021; CPC G06Q 40/06; 23 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A system for personalized inflation modeling and mitigation includes a network interface, a database, and a processing circuit. The processing circuit is structured to receive user data comprising spending information, a current investment portfolio of a user, and information obtained from an activity sensor.

PATENT: Automated secondary linking for fraud detection systems; US 11,062,413 B1; 7/13/2021; CPC G06Q 50/265; 17 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Automated secondary linking can be employed in conjunction with fraud detection systems. According to one embodiment, a system includes a parsing logic configured to receive an incoming fraud report based on a first fraud detection strategy. The parse logic is also configured to parse the incoming fraud report into fraud data. The system further includes a search logic configured to search a set of fraud reports to identify instances of the fraud data. The system also includes an alert logic configured to generate an alert in response to an instance of the fraud data being identified in the set of fraud reports.

July 6, 2021

Total CPC G06Q Subclass (business methods) patents issued:  169

Financial industry business method patents reviewed herein:   10

PATENT: Authorization of a trading strategy algorithm; US 11,055,774 B2; 7/6/2021; CPC G06Q 40/04; 8 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Systems, methods, and computer-readable storage media are provided for authorizing a trading algorithm prior to execution of the trading algorithm. An example method includes receiving a trading algorithm definition associated with a unique identifier and sending the unique identifier to an algorithm server that is operable to execute programming code representing the trading algorithm. The unique identifier may be associated with a trader authorized to execute the programming code. The algorithm server may check the unique identifier prior to execution of the programming code to ensure that the trading algorithm has been authorized.

PATENT: Secure consolidated exchange feed for order entry and market data; US 11,055,775 B2; 7/6/2021; CPC G06Q 40/04; 35 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods for communication of financial messages from an Exchange to market participants whereby messages directed to particular market participants may be consolidated with other messages directed to all market participants and communicated via the same communications medium while preserving the anonymity of those market participants to which messages are particularly directed. Accordingly, redundant communications are eliminated, reducing the overall volume of communicated data and the resources necessary in support thereof; inhibition of any one market participant intentionally or unintentionally influencing the market via exposure of their activities, or otherwise unfairly impinging on the exposed activities of other market participants, is maintained; and inequitable information access is eliminated as the consolidated messages are transmitted to all market participants substantially simultaneously over the same medium thereby minimizing or eliminating any advantage or opportunity one market participant may have to receive market information ahead of the other market participants.

PATENT: Multi-disciplinary comprehensive real-time trading signal within a designated time frame; US 11,055,776 B2; 7/6/2021; CPC G06Q 40/04; 16 claims; assigned to Bank of America Corporation.

FIELD: The present invention embraces a system for managing a multi-disciplinary comprehensive real-time trading signal within a designated time frame and includes a classical computer apparatus and a quantum optimizer in communication with the classical computer apparatus.

PATENT: Identifiable physical form, sales instruments, and information marketplace for commodity trades; US 11,055,777 B2; 7/6/2021; CPC G06Q 40/04; 21 claims; assigned to Santeri Holdings LLC.

SUMMARY: Provided herein are techniques for creating a form of physical product, such as gold dore or gold ingot, with a unique and inherently immutable physical identification pattern that is digitally scanned, mapped, and stored on an electronic platform, making the product verifiable as to its origin and use in commercial transactions.

PATENT: Basket creation system and method; US 11,055,778 B2; 7/6/2021; CPC G06Q 40/04; 28 claims; assigned to NextShares Solutions, LLC.

ABSTRACT EXCERPT: An apparatus and method is provided for modeling and generating basket data for non-transparent exchange-traded funds (ETFs) for share creation and redemption. Portfolio data, including start of day positions for the ETF and trading information for trades executed by a fund management computer (FMC) during the trading day, is transmitted from the FMC to a basket modeling application computer (BMA).

PATENT: System and method for enabling arbitrage between market price and underlying value of exchange-traded fund shares; US 11,055,779 B1; 7/6/2021; CPC G06Q 40/04; 32 claims; assigned to Eaton Vance Management.

FIELD: This invention relates to asset management and administration, and more particularly to an automated system and method for enabling arbitrage between the market trading prices of an ETF and its underlying real-time portfolio values in the absence of full current portfolio disclosure.

PATENT: System and method for facilitating a wireless financial transaction; US 11,055,780 B2; 7/6/2021; CPC G06Q 40/04; 12 claims; assigned to CFPH, LLC.

ABSTRACT: A method for executing a wireless trade is provided that includes communicating with a handheld device via a wireless network and sending and receiving financial information to and from the handheld device. The financial information is associated with a trade that can be initiated by the handheld device. The method also includes authorizing the handheld device through location data, which is associated with a location of the handheld device, before executing the trade.

PATENT: Electronic trade processing system and method; US 11,055,781 B2; 7/6/2021; CPC G06Q 40/04; 24 claims; assigned to Strike Protocols Inc.

ABSTRACT: In one implementation, a computer-implemented method is executed on a computing device and includes: receiving general collateral assets from a first market participant for a trading platform; storing the general collateral assets within a trading platform account managed by a third party platform and associated with the trading platform; and collateralizing matched orders between the first market participant and the trading platform with the general collateral assets.

PATENT: User-defined algorithm electronic trading; US 11,055,782 B2; 7/6/2021; CPC G06Q 40/04; 11 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Certain embodiments reduce the risks of traditionally programmed algorithms such as syntax errors, unclear logic, and the need for a non-trader programmer to develop the algorithm as specified by a trader by reducing or eliminating the writing of programming code by a user. Certain embodiments provide building block buttons and an algorithm area to define an algorithm. Certain embodiments provide live evaluation of an expression as the algorithm is being defined.

PATENT: Trading platforms using market sentiment and dynamic risk assessment profiles; US 11,055,783 B2; 7/6/2021; CPC G06Q 40/04; 23 claims; assigned to TTC Holdings Inc.

ABSTRACT: The disclosure is directed to a trading platform and, more particularly, to systems and processes for simplifying market based investments using market sentiment and dynamic risk assessment profiles. A method implemented in a computer infrastructure has computer executable code tangibly embodied on a computer readable storage medium having programming instructions operable to: determine dynamic risk assessment profiles of different users; obtain trading information from disparate electronic sources; generate at least one investment opportunity with a risk profile using the trading information and matching the investment opportunity with the dynamic risk assessment profiles of a selected user or of the different users; and provide at least one trading recipe which is configured to convert the at least one investment opportunity into a simplified executable trade for the selected user.

JUNE 29, 2021

Total CPC G06Q Subclass (business methods) patents issued:  164

Financial industry business method patents reviewed herein:   10

PATENT: Utilizing a machine learning model to crowdsource funds for public services; US 11,049,054 B1; 6/29/2021; CPC G06Q 10/06313; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A device may provide, to a user device, task data identifying tasks to be performed, and may receive, from the user device, a selection of a particular task from the tasks to be performed. The device may identify cameras associated with a particular task location, and may receive, from the user device, data identifying a location of the user device. The device may determine that the location of the user device matches the particular task location, and may receive, from the user device, task image data identifying images of the particular task location.

PATENT: Computer-based systems configured for automated electronic calendar management and work task scheduling and methods of use thereof; US 11,049,077 B1; 6/29/2021; CPC G06Q 10/1095; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: In order to facilitate automated electronic calendar task management with automatic task scheduling, systems and methods are described including receiving and electronic meeting request to schedule a meeting. Work task data items identifying work tasks associated with the attendees are determined. A task estimation machine learning model predicts work parameters of meeting task objects based on the work task data items, and a work history data identifying work history of each attendee.

PATENT: Use of mobile network operator data and/or scores in decision-making on requests for payment credential provisioning for mobile devices; 11,049,093 B2; 6/29/2021; CPC G06Q 20/3255; 20 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A method of provisioning payment credentials to a mobile device includes receiving a payment credentials provisioning request. The method further includes facilitating decision-making with respect to the request based at least in part on data obtained and/or confirmed directly or indirectly from a mobile network operator (MNO) associated with the mobile device.

PATENT: Method for modifying transaction credentials; 11,049,098 B2; 6/29/2021; CPC G06Q 20/3821; 20 claims; assigned to Mastercard Asia/Pacific PTE. Ltd.

ABSTRACT: Disclosed is a method for modifying transaction credentials. The method involves initiating a transaction at a receiving terminal, the transaction being defined by one or more transaction credentials and then transmitting mobile terminal data from a mobile terminal, via the receiving terminal, to a server, the mobile terminal data comprising a set of account data relating to the mobile terminal.

PATENT: Methods for implementing privacy protection in blockchain; 11,049,099 B2; 6/29/2021; CPC G06Q 20/38215; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A computer-implemented method includes receiving, by a first blockchain node, an encrypted transaction comprising a smart contract that includes code, wherein the code of the smart contract comprises a contract state indicated by a privacy identifier; decrypting, by the first blockchain node, the encrypted transaction to obtain the code of the smart contract in plaintext; executing, by the first blockchain node, the code of the smart contract in plaintext in a trusted execution environment; encrypting, by the first blockchain node using a key, the contract state indicated by the privacy identifier; and writing, by the first blockchain node, the encrypted contract state indicated by the privacy identifier to a database.

PATENT: System and method for remotely loading a consumer profile to a financial transaction machine; 11,049,100 B1; 6/29/2021; CPC G06Q 20/385; 7 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Methods, systems, and computer-readable media for loading a customer profile to an electronic banking kiosk are disclosed. A customer who is without a physical form of authentication, such as a debit card, may access his or her customer profile on the electronic banking kiosk after being authenticated with a teller. The teller may receive identification information from the customer and exchange data with an account server to authenticate the customer. The account server may thereafter push the customer's profile to an electronic banking kiosk and provide a code to the customer. The customer may use the code to access his or her customer profile that has been pushed to the electronic banking kiosk, even without having a physical form of authentication recognized by the electronic banking kiosk.

PATENT: Secure remote transaction framework; 11,049,101 B2; 6/29/2021; CPC G06Q 20/385; 13 claims; assigned to Visa International Service Association.

ABSTRACT: Embodiments of the invention are directed to systems and methods of providing secure remote transaction (SRT) transactions. In some embodiments, upon selection of a checkout element, a user may be identified with respect to a transaction to be completed. A number of accounts may then be identified in relation to that user. Upon selection of a particular account, the user may be authenticated using a facilitator application installed on a mobile computing device that supports authentication for the selected account.

PATENT: Systems and methods for collateral deposit identification; 11,049,180 B1; 6/29/2021; CPC G06Q 40/025; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A secured credit provider computing system is provided. The system includes a network interface configured to communicate data over a network and a processing circuit including one or more processors coupled to non-transitory memory. The processing circuit is configured to receive a secured credit product application from an applicant, transmit a passcode message to the applicant, receive a confirmation message of collateral deposited into a collateral escrow account from an escrow account provider computing system, and issue a secured credit product to the applicant.

PATENT: Data feed without quantities; 11,049,181 B2; 6/29/2021; CPC G06Q 40/04; 5 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: The present embodiments relate to an improved data feed. In an embodiment, an electronic exchange, when generating a data feed, in particular a price data feed, purposefully chooses to include the inside market and/or last traded price but purposefully leaves out the market depth. The market depth may be omitted to provide an optimal marketplace.

PATENT: Secure deterministic tokens for electronic messages; 11,049,182 B2; 6/29/2021; CPC G06Q 40/04; 27 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A computer implemented method for operating a token management system includes: generating the first plurality of request messages; generating a first plurality of public tokens; augmenting each of the first plurality of request messages with one of the first plurality of public tokens, the augmenting resulting in a first plurality of augmented request messages; transmitting the first plurality of augmented request messages to the first plurality of market participants; generating a second plurality of public tokens based on the first plurality of public tokens; querying a database of financial messages for any financial messages including any of the second plurality of public tokens; and associating a plurality of financial messages including any of the second plurality of public tokens with each other.

JUNE 22, 2021

Total CPC G06Q Subclass (business methods) patents issued:  139

Financial industry business method patents reviewed herein:   10

PATENT: ACH transaction authentication systems and methods; US 11,042,845 B2; 6/22/2021; CPC G06Q 20/023; 18 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: An authentication computing device, including a processor in communication with a memory, for authenticating an ACH transaction processed over an ACH network is provided. The processor is programmed to register a payee with the authentication computing device, and to receive an authentication request for an electronic ACH transaction to transfer funds from a payor account to a payee account. The request is received from a first client computing device and includes an account identifier associated with the payor account.

PATENT: Token based transactions; US 11,042,851 B2; 6/22/2021; CPC G06Q 20/1085; 8 claims; assigned to Diebold Nixdorf, Incorporated.

ABSTRACT: In an example embodiment, there is described in here a method for pre-staging transactions that permit a banking customer to either transfer money to a third party or to themselves. In particular embodiments, a token is generated that can be used multiple times by the recipient.

PATENT: Sender authenticated remittance via an automatic teller machine; US 11,042,852 B1; 6/22/2021; CPC G06Q 20/1085; 21 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Techniques are described for sender authenticated remittance via an automatic teller machine (ATM). The techniques include transferring money between a sender and a recipient via the ATM without the recipient needing a computing device or a bank account with which to receive the money. The disclosed techniques enable a remittance server to interact with both the sender via a sender computing device and the recipient via the ATM to perform a money transfer in which the recipient is at least partially authenticated by the sender. The ATM is configured to take a picture or a video of the recipient to be sent by the remittance server to the sender computing device for approval by the sender prior to allocating the transferred money to the recipient. In this way, the remittance server essentially passes control of the ATM and the remittance of the transferred money to the sender.

PATENT: System and method for provisioning a gift with a uniform resource locator; US 11,042,853 B2; 6/22/2021; CPC G06Q 20/12; 21 claims; assigned to Visa International Service Association.

FIELD: Disclosed embodiments relate generally to a system and method for providing a gift to a recipient and, in one particular embodiment or aspect, to a system and method for providing a gift to a recipient in the form of a uniform resource locator that includes the identity of the gift and payment information and that eliminates the need to first purchase that gift.

PATENT: Intraday resource management system; US 11,042,931 B2; 6/22/2021; CPC G06Q 40/02; 20 claims; assigned to The Toronto-Dominion Bank.

FIELD: The present disclosure relates to resource management methods and systems and, more particularly, to systems and methods for real-time intraday management of resources.

PATENT: System for processing withholding payments; US 11,042,933 B1; 6/22/2021; CPC G06Q 40/04; 19 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods are provided for efficiently processing withholding payments for constructive dividends. A party that receives constructive dividend payments also has a corresponding short position in a withholding financial instrument. A clearing house computer system adjusts the value of a withholding financial instrument in response to receipt of constructive dividend payments. The clearing house computer system determines a variation margin amount for the short party and processes a variation margin payment from the short party to a withholding account through the variation margin settlement system.

PATENT: Crypto-machine learning enabled blockchain based profile pricer; US 11,042,934 B2; 6/22/2021; CPC G06Q 40/04; 18 claims; assigned to Bank of America Corporation.

ABSTRACT: A crypto-machine learning enabled blockchain based profile pricer processes computer-readable instructions to determine requested information for a user that can be displayed on a user interface in real-time or near real-time of the user's request. In addition, the crypto-machine learning enabled blockchain based profile pricer processes provided data to be customized for the user based on a user profile stored in the memory as well as based on third party data stored in a database of related information. The pricer communicates the data to the user using blockchains via a smart contract using a private key and initiates a data transfer based on an input received from the user.

PATENT: Spread price scaling for implied trade matching; US 11,042,935 B2; 6/22/2021; CPC G06Q 40/04; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A computer implemented method for creating and matching implied inter-commodity spread orders where a spread ratio between legs of the inter-commodity spread is endogenous. The implied spread price is determined with a multi-step calculation including determining the price ratio between the underlying products and balancing the quantity of contracts required of each leg product.

PATENT: System and method for implementing push technology in a wireless financial transaction; US 11,042,936 B2; 6/22/2021; CPC G06Q 40/04; 16 claims; assigned to CFPH, LLC.

ABSTRACT: A method for executing a trade is provided that includes communicating financial information to a handheld device via a network, the financial information being associated with a trade that can be initiated by the handheld device. The handheld device is connected to the network via a Push to Trade.TM. protocol. The method also includes executing the trade on behalf of the end user.

PATENT: Electronic trading using market data channels; US 11,042,937 B2; 6/22/2021; CPC G06Q 40/04; 20 claims; assigned to Geneva Technologies, LLC.

ABSTRACT: Systems and methods related to financial trading are provided. More specifically, some embodiments relate to systems and methods for electronic trading using market data channels which users can subscribe. Various embodiments of the present technology can provide a suite of devices that are designed to actively modify market data at the intake point (co-location facility) in order to optimally disseminate only relevant information to various applications. These filtered market data channels can then be accessed by trading systems through various subscription models. Various embodiments allow for any type of channel that alters the natural or pure market data feed to produce different data flows and other signals (e.g., triggers, synthetic prices, etc.).

JUNE 15, 2021

Total CPC G06Q Subclass (business methods) patents issued:  191

Financial industry business method patents reviewed herein:   10

PATENT: System and method for mobile check deposit; US 11,037,109 B1; 6/15/2021; CPC G06Q 20/042; 6 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Machine-readable storage media having instructions stored therein that, when executed by a processor of a mobile device, configure the mobile device to capture a check image for funds to be deposited into a recipient account. The mobile device configured to display a request to a user of the mobile device to provide one or more portions of a MICR line for the received check image and receive user inputs from the user specifying the one or more portions of the MICR line. The mobile device configured to transmit a message to a bank account computer system associated with the recipient account, the message including data specifying the one or more portions of the MICR line.

PATENT: Math based currency point of sale systems and methods; US 11,037,110 B1; 6/15/2021; CPC G06Q 20/0658; 9 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A mobile wallet computer system may send a token to a customer computing device to share the token with a recipient computer system in exchange for payment for a service or a good. The mobile wallet computer system may receive, the token, a recipient public key associated with a MBC account of the recipient, and a transaction amount. The mobile wallet computer system determines whether the recipient public key is registered with the mobile wallet computer system.

PATENT: Method for issuing currency and making payment by managing balance database for each block in blockchain network and server using same; US 11,037,111 B2; 6/15/2021; CPC G06Q 20/0658; 16 claims; assigned to Coinplug, Inc.

ABSTRACT: Provided in the present invention is a method comprising steps of: (a) confirming validity of a currency issuing transaction and a currency issuer when the currency issuing transaction including (i) a specific unique nonce, (ii) a receiver of the currency, (iii) issued amount of the currency, (iv) a public key of the currency issuer, and (v) a signature value of the currency issuer signing the (i), (ii), (iii), and (iv) with a private key of the currency issuer is obtained, and if valid, registering the currency issuing transaction on a private BCDB, wherein registering includes updating a balance database by referencing amount of change in balance due to the issued amount of the currency, included in the currency issuing transaction; and (b) registering, on the public BCDB, a specific representative hash value generated by calculating an associated hash value matching the specific hash value, when a specific condition is satisfied.

PATENT: Network of computing nodes and a method of operating the computing nodes to effectuate real-time bank account-to-bank account money transfer; US 11,037,113 B2; 6/15/2021; CPC G06Q 20/108; 10 claims; assigned to Morgan Stanley Services Group Inc.

ABSTRACT: A network of computing nodes and a method of operating the computing nodes effectuate, in real-time, an international, money transfer from the bank account of a first person (the payer) in a first country to the bank account of a second person (the beneficiary) in a second, different, country.

PATENT: Personalized financial account statement; US 11,037,233 B1; 6/15/2021; CPC G06Q 40/02; 17 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Various examples described herein are directed to systems and methods for generating a financial account statement. First financial data associated with a first financial account statement for a customer is received. Second financial data associated with a second financial account statement for the customer is received. The first financial data may be from an earlier financial account statement. Changes between the first financial data and the second financial data are determined.

PATENT: Graphical user interface system and method; US 11,037,234 B1; 6/15/2021; CPC G06Q 40/02; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-implemented data processing system comprises account management logic, workflow logic, and interface logic. The account management logic is configured to manage financial accounts associated with a plurality of users. The workflow logic is configured to identify workflow items to be acted upon by users in connection with financial transactions relating to the financial accounts. The interface logic cooperates with the workflow logic to generate a plurality of display screens to be displayed by wireless handheld mobile devices. The display screens comprise a home page screen that is provided to the user upon login and that includes a link to a workflow screen where the user may act upon one or more of the workflow items.

PATENT: Transactionally deterministic high speed financial exchange having improved, efficiency, communication, customization, performance, access, trading opportunities, credit controls, and fault tolerance; US 11,037,239 B2; 6/15/2021; CPC G06Q 40/04; 15 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities.

PATENT: Systems and methods for checking model portfolios for actively managed funds; US 11,037,240 B2; 6/15/2021; CPC G06Q 40/04; 22 claims; assigned to NYSE American LLC.

ABSTRACT EXCERPT: Embodiments include systems and methods for evaluating the integrity of a model portfolio designed to have substantially the same values, returns, or risk characteristics as a financial instrument. Embodiments include operating a first computer to perform a statistical comparison between said model portfolio and the financial instrument, wherein said statistical comparison compares at least one of the periodic values, returns, and risk characteristics of the model portfolio and the financial instrument over some period of time.

PATENT: Flexible price-volume indicator; US 11,037,242 B2; 6/15/2021; CPC G06Q 40/04; 16 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Example methods, apparatus, and computer readable storage media are described and disclosed. An example method includes receiving, by a computing device, market data related to a tradeable object. The example method includes displaying, by the computing device, a flexible price-volume indicator, the flexible price-volume indicators aligned with a specific value level in a value axis. The example method includes updating, by the computing device, a display property associated with the flexible price-volume indicator, the display property reflecting a quantity value determined based on the received market data. The example method includes displaying, by the computing device, the flexible price-volume indicator in a differentiated state based on a change in the market data.

PATENT: Computerized portfolio management tool; US 11,037,244 B1; 6/15/2021; CPC G06Q 40/06; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Various examples are directed to providing portfolio management tools. For example, a system may generate a portfolio management user interface comprising a first table and a first rebalancing button. The first table may comprise an asset class name column; a model portfolio column indicating asset class weights in a model portfolio; a test portfolio column indicating asset class weights in a test portfolio; a modification column indicating modifications to asset class weights; a modified portfolio column indicating asset class weights in a modified portfolio; and a plurality of rows comprising a first row for a first asset class of the asset classes and a second row for a second asset class of the asset classes. The system may receive an indication that the user selected the rebalancing button and generate a first set of modifications to asset class weights to reduce a difference between the test portfolio and the model portfolio.

JUNE 8, 2021

Total CPC G06Q Subclass (business methods) patents issued:  162

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for providing anonymized transaction data to third-parties; US 11,030,587 B2; CPC G06Q 20/02; 16 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: A computer-implemented method for authorizing access to transaction data to a third-party computer system is implemented by a payment processor computer system coupled to a memory. The method includes receiving a request for access to transaction data associated with a cardholder account, requesting a set of authentication information associated with the cardholder account, authenticating the set of authentication information upon receiving the set of authentication information, and authorizing the third-party computer system to receive transaction data associated with the cardholder account.

PATENT: Systems and methods for aggregating and managing financial service accounts; US 11,030,683 B2; CPC G06Q 40/02; 20 claims; assigned to Capital One Services LLC.

ABSTRACT EXCERPT: The disclosed embodiments include methods and systems for providing an aggregated financial service account based on multiple private label financial accounts. In one embodiment, a process is disclosed that may include receiving a first request from a user for a first private label financial account that is usable for purchases associated with a first merchant and approving the first request for the first private label financial account.

PATENT: Bid/offer spread trading; US 11,030,687 B2; CPC G06Q 40/04; 20 claims; assigned to BGC Partners, Inc.

ABSTRACT: A bid/offer spread market is presented that allows a trader to increase liquidity in traded items. A bid/offer spread market maker may make a bid/offer spread market. This bid/offer spread market may be made available to any market participant. In response to the spread market, an aggressor may respond to a bid or an offer with a hit or a take, respectively. In response to the hit or the take, the aggressor or bid/offer spread market maker, respectively, may create a separate underlying market using the selected (bid or offer) spread within a specified amount of time. The other party, a bid/offer spread trader, may trade on the quoted price within a specified amount of time, at which point a trade has occurred.

PATENT: Electronic outcry messaging for electronic trading; US 11,030,688 B2; CPC G06Q 40/04; 22 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT: Methods, devices, and systems for facilitation of communication between participants of an electronic marketplace involve receiving a message generated from a market participant and transmitting the message to other market participants. The facilitation also involves receiving responses to the message from the other market participants and transmitting the responses to the message originating market participant such that the transmitted response is imperceptible to the other market participants.

PATENT: Auctioning mechanisms for dark order block trading; US 11,030,689 B2; CPC G06Q 40/04; 16 claims; assigned to NYSE Euronext Holdings LLC.

ABSTRACT: Auctioning mechanisms adapted to improve the integrity of dark order block trading is provided.

PATENT: Method and apparatus for matching buyers with sellers in a marketplace to facilitate trade; US 11,030,690 B2; CPC G06Q 40/04; 22 claims; assigned to City University of Hong Kong.

ABSTRACT: A method for matching one or more buyers with one or more sellers to facilitate trade in a marketplace provided by a service provider includes the steps of receiving a bid to sell mobile data from one or more sellers, receiving a bid to buy mobile data from one or more buyers, matching at least a portion of the bid of the one or more buyers with at least a portion of the bid of the one or more sellers based on: a revenue maximization function to maximize the service provider's revenue based on a relationship between administration revenue and bid revenue, facilitating a transfer of the mobile data from the one or more seller to the one or more buyer, following the matching of the one or more buyers with the one or more sellers, through the service provider.

PATENT: Decision tree data structure based processing system; US 11,030,691 B2; CPC G06Q 40/04; 23 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT: A decision tree based processing system implements a decision tree data structure to process publicly available files, such as websites suspected to contain data generated by a data transaction processing system which may be constantly fluctuating and varying. The data transaction processing system generates the data based on processing electronic data transaction request messages received over a network.

PATENT: System and method for a semi-lit market; US 11,030,692 B2; CPC G06Q 40/04; 15 claims; assigned to IEX Group, Inc.

ABSTRACT: A number of techniques for improving electronic trading are disclosed. According to some embodiments, an electronic trading system may selectively disclose to, or withhold from, trade participants order book data depending on whether each participant's trade order meets a predetermined threshold price and/or threshold size or other criteria.

PATENT: System and method for matching trading orders based on priority; US 11,030,693 B2; CPC G06Q 40/04; 14 claims; assigned to BGC Partners, Inc.

ABSTRACT EXCERPT: A system for managing trading orders comprises a memory to store a first trading order for a particular trading product, wherein the first trading order comprises display and reserve portions and is received from a first trader. The memory may store a second trading order for the particular trading product, wherein the second trading order comprises display and reserve portions and is received from a second trader after the first trading order.

PATENT: Process for providing timely quality indication of market trades; US 11,030,694 B2; CPC G06Q 40/04; 27 claims; assigned to NYSE Group, Inc.

ABSTRACT EXCERPT: Real time or near real time assessment of the quality of securities transactions is accomplished by intercepting order and execution communications between trader and broker, comparing the execution data with contemporaneous market data relative to the transaction or transactions involved, and informing the trader of that comparison. This is accomplished without interrupting or impeding the trader-broker communications, except that a broker-trader communication may, if desired, be interrupted and relevant data aggregated until the aggregate reaches a desired value.

JUNE 1, 2021

Total CPC G06Q Subclass (business methods) patents issued:  161

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for updating a distributed ledger based on partial validations of transactions; US 11,023,968 B2; 6/1/2021; CPC G06Q 40/04; 20 claims; assigned to Goldman Sachs & Co. LLC.

ABSTRACT EXCERPT: The systems and methods described herein relate to processing financial transactions using a computer network that stores a distributed ledger, and particularly, to updating the distributed ledger based on data messages received from validation servers that each store a portion of the ledger corresponding to a respective asset.

PATENT: Message transmission timing optimization; US 11,023,969 B2; 6/1/2021; CPC G06Q 40/04; 14 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods are provided for message transmission timing optimization. The system receives a large market disrupting transaction and provides a transaction placement strategy that splits up the transaction to maximizes favorable execution value and minimizes time required to execute the entire transaction.

PATENT: Techniques for automated call cross trade imbalance execution; US 11,023,970 B2; 6/1/2021; CPC G06Q 40/04; 24 claims; assigned to State Street Bank and Trust Company.

ABSTRACT EXCERPT: Various embodiments are generally directed to techniques for automated call cross trade imbalance execution. Techniques described herein may provide an automated crossing solution for buy-side clients that limits position information to banks and individuals prior to setting a benchmark rate for foreign exchange. In some embodiments, clients may roll forward spot trades with a chosen counterparty bank, which is then sent to a centralized, automated, bank platform.

PATENT: Large block trading; US 11,023,971 B2; 6/1/2021; CPC G06Q 40/04; 20 claims; assigned to CFPH, LLC.

DESCRIPTION: Systems and methods are described herein for administering trade orders and arranging for traders to find partners to trade with. One advantage of some embodiments of systems and methods described herein is that they can keep more information confidential, and keep it confidential for longer, than conventional systems.

PATENT: Financial transaction management system and financial transaction management method; US 11,023,972 B2; 6/1/2021; CPC G06Q 40/04; 4 claims; assigned to Nomura Research Institute, LTD.

ABSTRACT EXCERPT: A third party clearing apparatus is configured to be able to access a possessed quantity storage unit that stores a possessed quantity of an asset in a first entity and a possessed quantity of an asset in a second entity and a transaction information storage unit that stores first transaction information and second transaction information indicating a transaction of an asset between the first entity and the second entity.

PATENT: Systems and methods for providing a customizable spreadsheet application interface for an electronic trading system; US 11,023,974 B2; 6/1/2021; CPC G06Q 40/04; 20 claims; assigned to CFPH, LLC.

ABSTRACT: Systems and methods for providing a customizable spreadsheet application interface for an electronic trading system or market data source. A customizable spreadsheet application using the application interface according to the invention may be executed or stored either at the client or at a server. In either case, a user is preferably provided with an spreadsheet interface that allows the user to implement a real time electronic trading model. The trading model may preferably be used to trade in the electronic trading system without additional user intervention.

PATENT: Charting multiple markets; US 11,023,975 B2; 6/1/2021; CPC G06Q 40/04; 14 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: The present embodiments relate to charting multiple markets. In some embodiments, charting multiple markets may include receiving market data for a plurality of tradeable objects. The plurality of tradeable objects may include an anchor object and at least one non-anchor object. The market data may include anchor object price data for the anchor object and non-anchor price data for the at least one non-anchor object. The non-anchor object price data may be converted based on the anchor object price data such that converted non-anchor object price data has a price scale of the anchor object price data. The anchor object price data and the non-anchor object price data may be displayed along a normalized price axis.

PATENT: Diverse options order types in an electronic guaranteed entitlement environment; US 11,023,976 B2; 6/1/2021; CPC G06Q 40/04; 26 claims; assigned to NYSE Group, Inc.

ABSTRACT EXCERPT: An enhanced system and method for handling, matching and executing a diverse group of limit-priced orders in an electronic options environment is disclosed. Most of the order types disclosed are automatically repriced and reposted as the NBBO changes to increase their execution opportunities. Market maker entitlements are integrated with the order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when an order priced at or better than the NBBO is received.

PATENT: Financial future visualization and training; US 11,023,977 B1; 6/1/2021; CPC G06Q 40/06; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A computer-implemented method, device, and system for communicating an impact of a financial decision or an investment strategy to a user through the use of virtual reality are provided. Providing a context for figuratively `seeing and feeling` the results for a proposed financial strategy may assist the user in better understanding the impact of the financial strategy.

PATENT: Systems and methods for determining an initial margin; US 11,023,978 B2; 6/1/2021; CPC G06Q 40/06; 29 claims; assigned to Intercontinental Exchange Holdings, Inc.

ABSTRACT: An exemplary system according to the present disclosure comprises a computing device that in operation, causes the system to receive financial product or financial portfolio data, map the financial product to a risk factor, execute a risk factor simulation process involving the risk factor, generate product profit and loss values for the financial product or portfolio profit and loss values for the financial portfolio based on the risk factor simulation process, and determine an initial margin for the financial product. The risk factor simulation process can be a filtered historical simulation process.

May 25, 2021

Total CPC G06Q Subclass (business methods) patents issued:  164

Financial industry business method patents reviewed herein:   6

PATENT: Systems and methods for point of sale deposits; US 11,017,365 B2; 5/25/2021; CPC G06Q 20/108; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: The disclosed embodiments include systems and methods for executing a point of sale deposit. In one embodiment, a system may include one or more memory devices storing software instructions, and one or more processors configured to execute the software instructions to receive transaction information related to a point of sale deposit from a client device, and generate a pending deposit transaction based on the transaction information.

PATENT: Interacting with an automated teller machine using a user device; US 11,017,374 B2; 5/25/2021; CPC G06Q 20/3223; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A device may receive an indication that an ATM transaction is to be conducted, display prompt(s) for a user to input user authentication credential information and to select an ATM transation type, detect user input(s) that include a user authentication credential and a selection of a particular ATM transaction type, and receive, from an ATM device, a request to establish a communication session. The ATM device may include a sync button to initiate communicative coupling of the ATM device and the user device.

PATENT: Mobile device-based dual custody verification using micro-location; US 11,017,376 B1; 5/25/2021; CPC G06Q 20/3224; 26 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-implemented method includes receiving a transaction initiation request from a first user via a first computing device. A first micro-location parameter relating to a micro-location of the first computing device is received. Approval of the transaction initiation request is requested from a second user via a second computing device. Approval of the transaction initiation request is received from the second user via the second computing device. A second micro-location parameter relating to a micro-location of the second computing device is received. The transaction is approved if the micro-locations of the first and second computing devices indicate that the first and second computing devices are at least a predetermined distance from each other.

PATENT: Method and system for emotional intelligence via virtual reality and biometrics; US 11,017,463 B2; 5/25/2021; CPC G06Q 40/02; 28 claims; assigned to MasterCard International Incorporated.

FIELD: The present disclosure relates to providing recommendations based on emotional intelligence utilizing biometrics in combination with virtual or augmented reality, specifically the measuring of biometrics to determine impulsiveness of a proposed action and the providing of a recommendation course of action related thereto.

PATENT: Systems and methods for determining a graphical user interface for goal development; US 11,017,466 B1; 5/25/2021; CPC G06Q 40/02; 20 claims; assigned to Capital One Services, LLC.

FIELD: Various embodiments of the present disclosure relate generally to determining graphical user interfaces for goal vision development.

PATENT: Systems and methods for providing non-fully-transparent markets; US 11,017,468 B2; 5/25/2021; CPC G06Q 40/04; 8 claims; assigned to BGC Partners, Inc.

ABSTRACT: Receiving a request to reveal a bid or an offer, transmitting a price and a size that corresponds to the bid or the offer; waiting a pre-determined period of time, and executing the bid or the offer at a default price and a default size, in the event that no command is submitted to trade within the pre-determined period of time.

May 18, 2021

Total CPC G06Q Subclass (business methods) patents issued:  160

Financial industry business method patents reviewed herein:   10

PATENT: System and method for developing and utilizing a contactability profile; US 11,010,698 B2; 5/18/2021; CPC G06Q 10/06311; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods for developing and utilizing a contactability profile are disclosed. Contact information may be managed by receiving activity data associated with an entity, processing the received activity data, generating at least one contactability profile associated with the entity based upon a result of the processing, and storing the generated contactability profile.

PATENT: Model management system; US 11,010,702 B1; 5/18/2021; CPC G06Q 10/0635; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A model management system receives data for an inventory of models including data regarding issues for each of the models. The model management system determines a model risk score for each of the models based on the issues for each of the models. As the issues are opened and closed, the model management system receives updates and in real-time, updates the model risk score. The model risk score can be determined using a severity assigned to each issue for each of the open issues for a given model as well as the number of issues at each severity.

PATENT: Systems and methods for processing global financial transactions; US 11,010,731 B1; 5/18/2021; CPC G06Q 20/10; 24 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A computer implemented method performed by a global transaction processing system includes receiving a transaction request from an originator, the transaction request includes transactional data. The method includes validating the transactional data to determine one or more parameters associated with the requested transaction. The method includes dynamically generating a transaction information request form, the transaction request form including one or more requests for specific transactional data from the originator based on the one or more parameters associated with the requested transaction.

PATENT: Secure payment processing using authorization request; US 11,010,734 B2; 5/18/2021; CPC G06Q 20/10; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: A payment system that uses replacement account identifiers is disclosed. An encrypted primary account number (PAN) may be received by a secure computer from a data entry device. The encrypted PAN may be decrypted by the secure computer and the secure computer may transmit a zero, nominal or no dollar authorization request to an issuer. Using the zero, nominal or no dollar authorization request, the issuer may verify the account. If the account is verified, then a replacement account identifier can be issued at a later time. The replacement account identifier may be used instead of the actual PAN to conduct payment transactions.

PATENT: Method and system for effecting a payment transaction; US 11,010,735 B2; 5/18/2021; CPC G06Q 20/102; 13 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: Provided are a method and system for effecting a payment transaction. The method capturing a digital image of a price identifier and a merchant identifier at a client device. Generating payment request data by a payer application at the client device comprising data corresponding to the price and merchant identifiers contained in the digital image.

PATENT: Provisioning of an individual computing device via ATM; US 11,010,737 B1; 5/18/2021; CPC G06Q 20/1085; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Systems and methods for provisioning a mobile device are described. Provisioning of a mobile device may include binding the device to financial account(s) associated with a financial institution computing system or binding an application installed on the device to the financial account(s). Such systems and methods may use ATMs to facilitate communication with the device and retrieve a unique identifier.

PATENT: Systems and methods for calculating a latency of a transaction processing system; US 11,010,833 B2; 5/18/2021; CPC G06Q 40/04; 45 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: The disclosed embodiments relate generally to the communication, management, and manipulation of electronic messages and the data contained therein. Specifically, the disclosed embodiments provide for particular configurations, and methods of operation, of systems for receiving and manipulating electronic messages as well as performing actions associated with the data contained therein.

PATENT: System and method for optimizing execution of trading orders; US 11,010,834 B2; 5/18/2021; CPC G06Q 40/04; 39 claims; assigned to BGC Partners, Inc.

ABSTRACT: A system for processing trading orders comprises an optimizer module operable to receive a first trading order and a second trading order. The optimizer module is further operable to receive market data associated with at least one market center. The optimizer module is further operable to determine whether to transmit the second trading order to the at least one market center prior to transmitting the first trading order to the at least one market center, the determination based at least in part on the market data.

PATENT: Controlling price cascade movements in an electronic trading system; ; US 11,010,835 B2; 5/18/2021; CPC G06Q 40/04; 16 claims; assigned to LIFFE Administration and Management.

ABSTRACT: A disclosed system, method and computer readable storage medium includes mechanism for controlling cascade price movements in an electronic trading system. Price limits control the prices at which traders can place orders. An upper price limit prevents traders from placing orders above the upper limit and a lower price limit prevents traders from placing orders below the lower limit. The gap between the upper limit and the indicative marked price as well as the gap between lower limit and the indicative market price is controlled so as to cause a breaking effect on very rapidly changing market price.

PATENT: Advisory thresholds and alerts for managing position concentration risk; US 11,010,836 B2; 5/18/2021; CPC G06Q 40/06; 24 claims; assigned to Intercontinental Exchange Holdings, Inc.

ABSTRACT: Management of a position concentration risk of an account includes the establishment of a threshold level for an aggregate trader position. The aggregate trader position may be associated with one or more customer accounts that are managed by one or more clearing firms. An actual parameter value associated with each of the customer accounts is aggregated to determine an aggregate parameter value, which is compared against the established threshold value. If, based on the comparison between the aggregate parameter value and the established threshold value, it is determined that the aggregate parameter value meets or exceeds the established threshold value, an advisory alert is generated, which may be automatic. The advisory alert is then communicated or otherwise provided to one or more authorized entities.

May 11, 2021

Total CPC G06Q Subclass (business methods) patents issued:  152

Financial industry business method patents reviewed herein:   10

PATENT: Device including encrypted data for expiration date and verification value creation; US 11,004,043 B2; 5/11/2021; CPC G06Q 20/10; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: In order to make it more difficult to obtain numbers that can be used to conduct fraudulent transactions, a portion of a real account number is encrypted. The encrypted portion of the account number is used to generate a new account number, a new expiration date, and a new verification value. This information can be determined using processor that may reside in a point of sale terminal, a smart card, or a computer operated by a user. The new account number, the new expiration date, and the new verification value can be used in a payment transaction.

PATENT: Drive-up banking with windows up; US 11,004,045 B1; 5/11/2021; CPC G06Q 20/1085; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Examples described herein relate to apparatuses and methods for reducing an amount of time that a user of a drive-up banking system is exposed to outdoor environmental conditions. A method includes detecting, by a drive-up banking system, a presence of a vehicle proximate the drive-up banking system; projecting, by the drive-up banking system, a user interface onto a vehicle window such that the user interface is visible to the occupant of the vehicle; receiving, by the drive-up banking system, information indicative of an identity of the occupant of the vehicle; determining, by the drive-up banking system, an account corresponding to the occupant of the vehicle; requesting, by the user interface, transaction information; receiving, by the user interface, information indicative of the transaction information; and conducting, by the drive-up banking system, a transaction based on the transaction information.

PATENT: Server and method for remotely disabling a compromised point-of-sale terminal; US 11,004,050 B2; 5/11/2021; CPC G06Q 20/202; 16 claims; assigned to The Toronto-Dominion Bank

FIELD: The embodiments described herein relate generally to point of sale terminals, and more specifically to methods and apparatus for monitoring point of sale terminals to attempt to detect when the point of sale terminals have been tampered with.

PATENT: Point of interaction loyalty currency redemption in a transaction; US 11,004,052 B2; 5/11/2021; CPC G06Q 20/206; 17 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Multiple different non-financial loyalty currencies held by different issuers are used by a consumer as financial tender for a transaction with a merchant. Each issuer pays to a primary issuer the financial currency value of the non-financial loyalty currencies being held in return for a corresponding reduction of the balance of non-financial loyalty currency. For each reduced balance, the primary issuer adds an equivalent primary loyalty currency to a primary loyalty account for the consumer.

PATENT: Mixed mode transaction protocol; US 11,004,056 B2; 5/11/2021; CPC G06Q 20/32; 25 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: As opposed to using one type of technology from the beginning of a transaction to the end of a transaction at the point of sale, embodiments of the present invention are related to useful techniques for conducting mixed mode transactions. A mixed mode transaction combines at least two modes of communication used in transaction processing. A transaction may start by initiating the transaction using a first communication mode between a first device and a second device.

PATENT: Systems for providing and processing customized location-activated gifts; US 11,004,057 B2; 5/11/2021; CPC G06Q 20/3224; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A method for providing a gift includes receiving gift information from a first computing device. The gift information includes a maximum gift amount, a gift recipient, and a gifter financial account and gift redemption information. The method includes generating a tokenized PAN associated with the gifter financial account, identifying a second computing device associated with the gift recipient, determining one or more gift redemption locations and receiving gift recipient location data.

PATENT: Coupon blending of a swap portfolio; US 11,004,148 B2; 5/11/2021; CPC G06Q 40/04; 22 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods for blending a plurality of swaps may include determining a fixed rate for use in blending a plurality of swaps, each of the plurality of swaps having matching economics and a different associated fixed rate. A computing device may determine a first remnant swap and a second remnant swap to blend the plurality of swaps using the determined fixed rates. This may reduce the gross notional and/or the total clearing line items associated with the original swaps. In some cases, the computing device may determine one single swap for blending the plurality of swaps.

PATENT: Mobile securities trading platform; US 11,004,149 B2; 5/11/2021; CPC G06Q 40/04; 14 claims; assigned to TastyTrade, Inc.

ABSTRACT: A mobile securities trading platform interface may include a mobile order entry portion, a mobile portfolio view portion, a mobile stock price view portion, an investment education video programming portion (which may also be provided on a non-mobile version of the platform), and a portion for following trades of other users on the platform (which may also be provided on a non-mobile version of the platform).

PATENT: Apparatuses, methods and systems for a high density financial asset information display; US 11,004,150 B2; 5/11/2021; CPC G06Q 40/06; 20 claims; assigned to Goldman Sachs & Co. LLC.

ABSTRACT EXCERPT: The disclosure teaches a High Density Financial Asset Information Display which provides a high density, straightforward, unified, 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.

PATENT: Options tool and user interface; US 11,004,151 B2; 5/11/2021; CPC G06Q 40/06; 21 claims; assigned to OptionsGeek, LLC.

ABSTRACT: Aspects of the present disclosure may address education of users about options and may further address the choice of options to be recommended to a given user, based on the user's confidence about a chosen target asset price underlying the options. Methods directed to such applications may be computer-implemented or otherwise implemented.

May 4, 2021

Total CPC G06Q Subclass (business methods) patents issued:  156

Financial industry business method patents reviewed herein:   10

PATENT: Method and system for performing a financial transaction using a user interface; US 10,997,572 B2; 5/4/2021; CPC G06Q 20/108; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT: A system and method for performing a financial transaction by determining a master account number associated with one or more accounts that a user may access, providing data to generate a user interface displaying a list of the accounts and an indicator associated with a financial transaction, receiving indicator information associating the indicator with one or more of the accounts, receiving terms for the financial transaction, and performing the financial transaction. The list of accounts may be expanded to view account information.

PATENT: Verification of portable consumer devices; US 10,997,573 B2; 5/4/2021; CPC G06Q 20/12; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Embodiments of the invention are directed to methods, systems, and computer program products pertaining to obtaining, providing, and using dynamic card verification values for portable consumer devices, such as credit cards and debit cards.

PATENT: Mobile wallet account balance systems and methods; US 10,997,592 B1; 5/4/2021; CPC G06Q 20/38215; 29 claims; assigned to Wells Fargo Bank, N.A.

SUMMARY: According to one example embodiment, a system generates at least one of a customer token or device token configured to facilitate a mobile wallet transaction. The system transmits the customer token or device token to a server system for verification of the mobile wallet transaction. The system receives a screen display to present to the user. The screen display includes the account balance information for the account held by the user at the financial institution. The system receives, by a mobile device via a computer system, a determination of rewards information regarding rewards available to the user if the user uses the account to perform the transaction.

PATENT: Identity verification services through external entities via application programming interface; US 10,997,654 B1; 5/4/2021; CPC G06Q 40/02; 15 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: The described financial institution computing system provides services to customers through an application programming interface ("API"). The services include user identification services to customers. The user identification services allow the customers to verify the identity of users as non-fraudulent users. Further the user identification services allow the financial institution to provide known user information to the customers for purposes of prepopulating registration forms, completing transactions, and the like.

PATENT: Verifying a customer address by device location prior to sending replacement card; US 10,997,655 B1; 5/4/2021; CPC G06Q 40/02; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Systems and methods relating to determining an address of a user by device location prior to sending a replacement card, the method being performed by a card management computing system associated with a card management entity. The method includes determining a location of a mobile device associated with a user via geolocation monitoring of the mobile device. The method further includes determining that a card associated with the user needs to be replaced.

PATENT: Minimization of the consumption of data processing resources in an electronic transaction processing system via selective premature settlement of products transacted thereby based on a series of related products; US 10,997,656 B2; 5/4/2021; CPC G06Q 40/04; 14 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: The disclosed embodiments relate to an exchange computing system which selectively prematurely expires financial instruments in order to finally settle them and remove them from the computing system. In particular, the disclosed embodiments recognize that during the pendency of a futures contract between first available trade date and the expiration, the exchange computing system must facilitate trading thereof by tracking traders positions, providing regular pricing data as well as transacting trades therefore.

PATENT: Dynamically activating and deactivating one or more elements of a trading tool; US 10,997,657 B2; 5/4/2021; CPC G06Q 40/04; 14 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Various embodiments relate to intelligently activating and deactivating a trading tool element of a trading tool to improve a user's confidence in the trading tool. By dynamically activating and deactivating elements on the trading screen, the trading tool effectively increases a user's confidence in placing a trading order, canceling a trade order, or both, for example, by eliminating or reducing undesirable options.

PATENT: Systems and methods to implement an exchange messaging policy; US 10,997,658 B2; 5/4/2021; CPC G06Q 40/04; 34 claims; assigned to International Exchange Holdings, Inc.

ABSTRACT: Systems for and methods of evaluating messaging, comprising, receiving, via at least one server device, one or more messages, and said at least one server device processing at least one of the one or more messages by grading content included in said at least one message, applying a weighting factor to said at least one message according to said grading, thereby determining a weighted message count for said at least one message, aggregating the weighted message count for said at least one message, and initiating an action if the aggregated weighted message count meets or exceeds a predetermined count threshold.

PATENT: Unpriced order auction and routing; US 10,997,659 B2; 5/4/2021; CPC G06Q 40/04; 20 claims; filed by NYSE Group, Inc.

ABSTRACT: An unpriced order auction and related market center and process are disclosed which allow posting market centers (e.g., exchanges) to schedule an auction that includes unpriced (Market) orders only. Such unpriced order auction executes at the midpoint of the NBBO, ensuring that the cross reflects the best prices in the entire marketplace, while discouraging the manipulation of the auction price on the posting market center. The disclosed auction also executes concurrently, but separately from the regular continuous matching process.

PATENT: Systems and methods for a whole life interactive simulation; US 10,997,670 B1; 5/4/2021; CPC G06Q 40/12; 21 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Examples described herein relate to apparatuses and methods for providing an interactive computer simulation of a life of a user via a user device operated by the user by determining a goal of the user, accessing a transaction history of the user, determining an initial state of the user based on the transaction history of the user, determining a virtual path to the goal, the initial state of the user being a starting point of the virtual path to the goal, configuring the user device to display the virtual path of the goal, determining that the user has selected at least one of selectable in-simulation decisions, updating the virtual path to generate an updated virtual path based on the selected at least one of the plurality of selectable in-simulation decisions, and configuring the user device to display the updated virtual path.

APRIL 27, 2021

Total CPC G06Q Subclass (business methods) patents issued:  149

Financial industry business method patents reviewed herein:   10

PATENT: System for identification and integration of like resources and configuring resources for common use; US 10,990,912 B2; 4/27/2021; CPC G06Q 10/063112; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: A system may be configured for: analyzing resources and attributes to identify a subset of users having complementary resources; generating an integrated resource cluster comprising the subset of users; distributing resource transfer tasks from a received resource exchange request to the integrated resource cluster to dispense outbound resources; determining an inbound resource total for the integrated resource cluster; and transferring calculated resource divisions the subset of users comprising the integrated resource cluster.

PATENT: Near real-time system or network incident detection; US 10,990,915 B2; 4/27/2021; CPC G06Q 10/0635; 21 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Systems and arrangements for determining whether a scheduled modification of a system, or the like, is a likely cause of an incident are provided. Historical data related to previous incidents may be received and analyzed to identify incidents having a significant business impact and the system, or the like, associated with those incidents. Scheduled modification data may be received and may include a system, or the like, for which a modification has occurred, and a time and date at which the modification is occurred.

PATENT: System and method for optimizing collateral management; US 10,991,040 B2; 4/27/2021; CPC G06Q 40/025; 20 claims; assigned to The Bank of New York Mellon.

ABSTRACT EXCERPT: In certain embodiments, transaction-subset-assignment of computer processing nodes may be facilitated to perform collateral allocation. In some embodiments, a query may be performed to obtain a set of transactions. Computer processing nodes may be selected from a set of available nodes for performing collateral allocations. Collateral allocation rules associated with a lender may be obtained.

PATENT: System and method for adaptive information dissemination; US 10,991,042 B2; 4/27/2021; CPC G06Q 40/04; 20 claims; assigned to Nasdaq Technology AB.

ABSTRACT EXCERPT: A computer system includes a memory to store a first set of data including data processing requests or data processing execution results and computer hardware to determine an input relating to a load and filter the first set of data to extract, based on the input relating to the load, a second set of data from the first set of data, thereby leaving a remaining set of data. The second set of data and the remaining set of data both include data processing requests or data processing execution results input or generated by the computer system.

PATENT: Distribution of market data; US 10,991,043 B2; 4/27/2021; CPC G06Q 40/04; 21 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: 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.

PATENT: Stock price forecast assist system and method; US 10,991,044 B2; 4/27/2021; CPC G06Q 40/04; 20 claims.

ABSTRACT EXCERPT: The technology allows to assist the stock price forecast by referring to the past business performance and stock price based on the business performance forecast of the company by the user himself/herself.

PATENT: Blockchain-based settlement method, apparatus, and electronic device; US 10,991,045 B2; 4/27/2021; CPC G06Q 40/04; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT EXCERPT: Computer-implemented methods, non-transitory, computer-readable media, and computer-implemented systems for blockchain-based payment settlement are provided. A payment settlement request transaction of a payee system whose certificate has been stored on a blockchain is monitored. A target payment transaction is obtained that corresponds to the last node of a payment transaction linked list comprising payment transactions whose certificates have been stored on the blockchain in a payment order.

PATENT: Holistic tracking and monitoring of goals; US 10,991,046 B1; 4/27/2021; CPC G06Q 40/06; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Holistic tracking and monitoring of goals is provided. An indication of a first goal and a first set of attributes associated with the first goal and another indication of at least a second goal and a s;econd set of attributes associated with the second goal are received. The first goal and at least the second goal are aggregated into a combined goal. A set of defined actions to achieve the combined goal is determined. Respective statuses of each defined action of the set of defined actions and a combined status for the combined goal are tracked. A representation of the combined status and the respective statuses are provided in a perceivable format. Further, the combined status and the respective statuses are updated in real-time.

PATENT: Systems and methods for measuring relationships between investments and other variables; US 10,991,047 B2; 4/27/2021; CPC G06Q 40/06; 20 claims.

ABSTRACT: The systems and methods described herein can identify meaningful relationships between variables, such as particular investments or general asset classes. Unlike conventional correlation analysis, these systems and methods provide an improved technique of comovement analysis that implements a threshold to eliminate data "noise" and then discretizes the remaining observations to normalize any outliers. Such comovement analysis has numerous advantages over known techniques for characterizing relationships between variables. In some embodiments, this improved comovement analysis can be used to calculate a covariance matrix for purposes of mean-variance optimized portfolio construction.

PATENT: Curated sentiment analysis in multi-layer, machine learning-based forecasting model using customized, commodity-specific neural networks; US 10,991,048 B1; 4/27/2021; CPC G06Q 40/06; 30 claims; Agblox, Inc.

ABSTRACT: A data analytics platform is provided for forecasting future states of commodities and other assets, based on processing of both textual and numerical data sources. The platform includes a multi-layer machine learning-based model that extracts sentiment from textual data in a natural language processing engine, evaluates numerical data in a time-series analysis, and generates an initial forecast for the commodity or asset being analyzed. The platform includes multiple applications of neural networks to develop augmented forecasts from further analysis of relevant information as it is collected. These include commodity-specific neural networks designed to continually develop taxonomies used to process commodity sentiment, and applications of reinforcement learning, symbolic networks, and unsupervised meta learning to improve overall performance and accuracy of the forecasts generated.

April 20, 2021

Total CPC G06Q Subclass (business methods) patents issued:  155

Financial industry business method patents reviewed herein:   10

PATENT: Method and system for distribution of data insights; US 10,984,396 B2; 4/20/2021; CPC G06Q 20/10; 20 claims; assigned to MasterCard International Incorporated.

FIELD: The present disclosure relates to the distribution of data insights, specifically the use of digital tokens to identify data values associated with a user account for filtering and transmission to an automated application program for the providing of user services thereto.

PATENT: Systems and methods for brokered authentification express seller links; US 10,984,403 B2; 4/20/2021; CPC G06Q 20/29; 18 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Systems and methods for providing a transaction authorization from a funds facilitation system for a transaction requested by a user to a merchant system such that the user is not required to input any user authentication information in excess of authentication information required by the merchant system are provided. A system and method can include receiving a transaction request from the merchant system containing a merchant ID, a merchant user ID, and a transaction amount.

PATENT: System and method for management of cryptocurrency systems; US 10,984,412 B2; 4/20/2021; CPC G06Q 20/3678; 20 claims; assigned to Coinbase, Inc.

CLAIM 1: A method comprising: with a cryptocurrency monitoring system: generating cryptocurrency monitoring information by monitoring blockchain data for at least one cryptocurrency network; generating analysis results by processing the generated monitoring information; controlling a cryptocurrency management system based on at least one of the monitoring information and the analysis results, wherein controlling the cryptocurrency management system comprises at least one of: setting at least one operation parameter of the cryptocurrency management system, and disabling functionality of the cryptocurrency management system.

PATENT: Systems for redeeming shares in an entity holding digital math-based assets; US 10,984,470 B1; 4/20/2021; CPC G06Q 40/04; 30 claims; assigned to Winklevoss IP, LLC.

ABSTRACT: Systems, methods, and program products for providing an exchange traded product holding digital math-based assets are disclosed. Shares based on digital math-based assets may be redeemed using one or more computers by determining share price information based upon quantities of digital math-based assets held by a trust, electronically receiving a request from an authorized participant user device to redeem a quantity of shares, electronically transmitting a quantity of digital math-based assets from one or more origin digital asset accounts to one or more destination digital asset accounts associated with the authorized participant, and canceling the quantity of shares from the authorized participant.

PATENT: Apparatuses, methods and systems for a tracking platform for standardized instruments; US 10,984,471 B1; 4/20/2021; CPC G06Q 40/04; 13 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT: A computer implemented method for a tracking platform comprises receiving a plurality of data records for the financial instrument; determining a number of units of the futures contract associated with a starting capital amount based on the near settlement price of the data record with the earliest timestamp; processing the data records in sequence based on the timestamp by setting a value for a roll indicator; updating the number of units of the financial instrument if necessary; and determining a profit and loss ("PNL") for the data record based on the number of units of the financial instrument and a change in settlement price; calculating a tracking value for the financial instrument based on the PNLs of the processed data records; and generating at least one financial instrument having a value that is determined from the calculated tracking value.

PATENT: Systems, methods, and program products for an application programming interface generating a blended digital math-based assets index; US 10,984,472 B1; 4/20/2021; CPC G06Q 40/04; 24 claims; assigned to Winklevoss IP, LLC.

ABSTRACT EXCERPT: Systems, methods, and program products for providing an exchange traded product holding digital math-based assets are disclosed.

PATENT: Token-based entity risk management exchange; US 10,984,473 B2; 4/20/2021; CPC G06Q 40/04; 19 claims; assigned to Capital One Services, LLC.

ABSTRACT: Techniques and apparatus for providing peer-based management of user accounts are described. In one embodiment, for example, an apparatus may include at least one memory and logic coupled to the at least one memory. The logic may be configured to determine a total entity risk value representing a risk position of an entity comprising at least one segment, generate a plurality of risk tokens, each of the plurality of risk tokens having a token value that is a portion of the total risk value, determine a total segment risk value for the at least one segment, the total segment risk value representing a portion of the total entity risk value allocated to the at least one segment, and distribute the plurality of risk tokens to the at least one segment of the entity to correspond with the total segment risk value. Other embodiments are described.

PATENT: Method and system for implementing counterparty credit risk calculations; US 10,984,475 B1; 4/20/2021; CPC G06Q 40/06; 16 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: According to an embodiment of the present invention, an automated computer implemented system determines counterparty credit risk calculations. The system comprises a memory component; and a calculation engine programmed to: generate a computation graph of calculation components; build mappings of how each calculation component is connected; and perform path loop calculations where data is shuffled at each stage based on the mappings.

PATENT: Systems and methods for enhanced transaction detail; US 10,984,482 B1; 4/20/2021; CPC G06Q 40/12; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method for providing enhanced transaction detail for a financial transaction includes receiving transaction information for the financial transaction performed using a financial account held by an account holder, generating a transaction record for the financial transaction based on the transaction information, accessing a secondary account of the account holder, including identifying supplemental information for the financial transaction based on the transaction information, associating the supplemental information with the generated transaction record, and providing the transaction record, including the supplemental information, to the account holder.

PATENT: Updating a document based on transaction analysis; US 10,984,495 B2; 4/20/2021; CPC G06Q 50/186; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A platform receives transaction information for an entity, where the transaction information identifies a plurality of transactions associated with the entity, and receives entity information associated with the entity. The platform identifies, using a first model, a selected set of transactions based on the transaction information and the entity information, where the first model outputs information identifying the selected set of transactions based on the selected set of transactions being associated with an event, a theme, or a transaction parameter.

April 13, 2021

Total CPC G06Q Subclass (business methods) patents issued:  177

Financial industry business method patents reviewed herein:   10

PATENT: Cloud computing account management and control aggregation; US 10,977,596 B2; 4/13/2021; CPC G06Q 10/06393; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: The present disclosure provides aggregation of management and control of multiple cloud service accounts. The operating environment provides aggregation of notifications, support tickets, utilization status, and can provide an aggregated alert system for such information related to the cloud service accounts. A computing system can communicatively couple to multiple cloud service accounts and can receive notifications of issues and generate alerts accordingly.

PATENT: Semi-private blockchain virtual currency exchange systems; US 10,977,626 B2; 4/13/2021; CPC G06Q 20/065; 19 claims; assigned to Capital One Services, LLC.

FIELD: This disclosed technology relates to semi-private blockchain virtual currency exchange systems, and more specifically to semi-private blockchain virtual currency exchange systems having merchant nodes exclusively capable of creating merchant-specific virtual currency units.

PATENT: Computerized messaging module for blockchain networks; US 10,977,629 B2; 4/13/2021; CPC G06Q 20/108; 20 claims; assigned to Oracle Financial Services Software Limited.

ABSTRACT: Systems, methods, and other embodiments associated with transmission of messages over a blockchain network are described. In one embodiment, a method includes extracting message data from a source database. The message data is evaluated to identify a message type of the message. A message template is selected from a set of message templates based upon the message template corresponding to the message type of the message. The message data is decomposed into a set of parameter values that are populated into the message template to create a transaction message in the blockchain message format. The transaction message is routed to a blockchain node for routing over the blockchain network.

PATENT: Binding process using electronic telecommunications device; US 10,977,641 B2; 4/13/2021; CPC G06Q 20/3226; 17 claims; assigned to Visa International Service Association.

ABSTRACT: A user may utilize an electronic telecommunications device comprising a wireless communications device to bind a first user device and a second user device. The user can insert the first user device into the electronic telecommunications device and enter authentication information. The first user device and the second user device can be bound over a wireless network enabled by the wireless communications device without requiring any sensitive account information to be entered by the user.

PATENT: Virtual payment processing system; US 10,977,649 B2; 4/13/2021; CPC G06Q 20/4014; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: A system, apparatus, and method for resolving a data transaction is provided in which data transactions are resolved by a hardware matching processor that identifies data transaction requests received from client devices over a data communication network, matches incoming transaction requests with previously received transaction requests, and, based thereon, transmits electronic data transaction results messages to the client device.

PATENT: Systems and methods for providing a separate interest rate for an individual transaction; US 10,977,726 B2; 4/13/2021; CPC G06Q 40/02; 20 claims; assigned to Capital One Services, LLC.

TECHNICAL FIELD: The disclosed embodiments generally relate to systems and methods particularly adapted to provide a service based on communication between specifically-configured devices, and more particularly, systems and methods for providing separate interest rates for individual transactions.

PATENT: Crypto-machine learning enabled blockchain based profile pricer; US 10,977,730 B2; 4/13/2021; CPC G06Q 40/04; 18 claims; assigned to Bank of America Corporation.

ABSTRACT: A crypto-machine learning enabled blockchain based profile pricer processes computer-readable instructions to determine requested information for a user that can be displayed on a user interface in real-time or near real-time of the user's request. In addition, the crypto-machine learning enabled blockchain based profile pricer processes provided data to be customized for the user based on a user profile stored in the memory as well as based on third party data stored in a database of related information. The pricer communicates the data to the user using blockchains via a smart contract using a private key and initiates a data transfer based on an input received from the user.

PATENT: System and method for prioritized data delivery in an electronic trading environment; US 10,977,731 B2; 4/13/2021; CPC G06Q 40/04; 15 claims; assigned to Trading Technologies International Inc.

ABSTRACT EXERPT: A system and method for prioritized data delivery in an electronic trading environment are described herein. According to one example embodiment, by prioritizing the messages associated with a tradeable object, the bandwidth and system resource usage may be optimally reduced, and any loss of priority content in the messages sent between the network device and the client device may be reduced. An example method includes associating different priority levels with messages comprising market data. Messages containing market information related to the inside market may be associated to a higher priority level.

PATENT: System and method for providing intelligent market data snapshots; US 10,977,732 B1; 4/13/2021; CPC G06Q 40/06; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods are provided for processing and distributing market data. Critical data, such as data showing that a market price has changed is distributed without further delay. When the market data does not result in a change in a market price or does not meet another critical criteria, the market data is aggregated with market data for similar events and distributed when the aggregated market data passes a quantity threshold.

PATENT: System and method for automated funds management; US 10,977,733 B2; 4/13/2021; CPC G06Q 40/08; 11 claims; assigned to Ameriprise Financial, Inc.

ABSTRACT EXCERPT: An automated funds management system and in particular a system and a method to at least ensure the payment of guaranteed minimum income benefit ("GMIB") based on the automated sector based allocation of funds in a variable annuity. A contract holder's profile data is evaluated and a profile score is computed based on the evaluated profile data. The GMIB payment stream value is computed based on the available profile data and the assigned profile score. An appropriate asset class percentage allocation of contract holder funds is recommended based on the assigned profile score and the computed GMIB payment stream value.

April 6, 2021

Total CPC G06Q Subclass (business methods) patents issued:  150

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for maintaining deposits of math-based currency; US 10,970,684 B2; 4/6/2010; CPC G06Q 20/06; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Deposited math based currency ("MBC") is received at a financial institution. A processor of the financial institution receives a deposit request from a customer via a computing device. The request includes a customer private key associated with an amount of MBC to be deposited. The processor creates a first private and public key pair to receive the amount of MBC to be deposited. The processor initiates a transaction in the amount of MBC to be deposited to the first private and public key pair from the customer based on the customer private key.

PATENT: Electronic funds transfers based on automatic cryptocurrency transactions; US 10,970,685 B2; 4/6/2010; CPC G06Q 20/065; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: A device may obtain digital signature information relating to a quantity of a type of cryptocurrency, and receive transaction data relating to a credit account, associated with a user, after obtaining the digital signature information. The transaction data may include information identifying a transaction amount. The device may determine, after receiving the transaction data, an amount, of the type of cryptocurrency, that satisfies the transaction amount, perform, using the digital signature information, an action to conduct a sale of a portion of the quantity of the type of cryptocurrency based on determining the amount, and cause proceeds from the sale to be transferred to the credit account as payment for the transaction amount.

PATENT: Apparatus and method for bill payment card enrollment; US 10,970,777 B2; 4/6/2010; CPC G06Q 40/02; 14 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: A bill payment provider offers to a customer an option to pay a bill from a biller using a payment card account. The offering is carried out via a mechanism of the bill payment provider. The mechanism is of a kind which normally facilitates payments via electronic funds transfer from a demand deposit account of the customer. A request to pay the bill using the payment card account is received via the mechanism. Payment of the bill using the payment card account is facilitated by formatting and dispatching a message from the bill payment provider to an electronic bill payment system. The message is flagged with a flag indicating that the message comprises a non-financial, card payment, message.

PATENT: System and method for using a financial services website; US 10,970,778 B1; 4/6/2010; CPC G06Q 40/02; 18 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Exemplary embodiments include a website for a financial institution that has a number of new features for users including: an action tray; "bring it to me" type navigation; a tile view for account information; simplified and homogenous navigation; a unified inbox for messages; and a returning customer log-in page. Accordingly, the website has a number of innovative features to enhance the user experience and streamline navigation of the website. The website can be used to conduct financial transactions as well as interface with the financial institution.

PATENT: Zero-knowledge predictions market; US 10,970,780 B2; 4/6/2010; CPC G06Q 40/04; 20 claims; assigned to IBM.

BACKGROUND: The present invention generally relates to services, and more particularly for exchange-traded markets created for the purposes of trading the outcome of events while maintaining privacy of users. Prediction markets are exchange-traded markets created for the purpose of trading outcomes of events. Market prices in prediction markets indicate what participants believe the probability of an event. Events may be business issues, current events, financial topics and more. These prediction markets are difficult to implement with robust protection from fraud and previously impossible to implement without specific knowledge of unique or demonstrably rare information on contributors to the system. Current prediction markets are maintained by providers, such as, Intrade.com, Betfair.com, and iPredict.com, often depend on the ability to link personal information, such as names, and addresses to prevent abuse.

PATENT: Electronic trade processing system and method; US 10,970,781 B2; 4/6/2010; CPC G06Q 40/04; 21 claims; assigned to Strike Protocols Inc.

ABSTRACT: In one implementation, a computer-implemented method, executed on a computing device and configured to effectuate a trading platform, includes: receiving balance information from a Value Unit Repository (VUR) to maintain a local balance datastore; receiving a matched order concerning a plurality of parties; and confirming that one or more balances defined within the local balance datastore and associated with the plurality of parties are sufficient to execute the matched order.

PATENT: System and method for improved distribution of market information; US 10,970,782 B2; 4/6/2010; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: A data distribution system and method are described herein to improve the distribution of market information to subscribing client devices. Market information updates are provided to subscribing devices over a communication link every time a change in the market occurs. If a bandwidth limitation is reached on the communication link, the preferred embodiments switch to a second mode of transmission such that the market information updates are provided only at predetermined intervals.

PATENT: System and method for enhanced electronic networked settlement processor; US 10,970,783 B2; 4/6/2010; CPC G06Q 40/04; 6 claims; assigned to Chicago Stock Exchange, Inc.

FIELD: Disclosed herein is a system and method for operating an enhanced electronic networked settlement processing system that improves the efficiency of a settlement process. Specifically, the system and method improves on the processors used for settlement and delivery of cash settled futures contracts by incorporating a processing module that accommodates a physical settlement.

PATENT: Multi-factor investment fund rating scoring system and method; US 10,970,784 B2; 4/6/2010; CPC G06Q 40/06; 24 claims; assigned to Spectrum Investment Advisors, Inc.

ABSTRACT: A system of and method for generating investment fund rating scores using a number of factors including criteria related to risk factors, performance, and qualitative factors. Historical weighting is provided to minimize the effect of short-term fluctuations, and the various factors are also weighted to establish the relative contributions of each of the evaluated factors. The ratings can be used to select, evaluate, and monitor mutual funds.

PATENT: Life event bank ledger; US 10,970,792 B2; 4/6/2010; CPC G06Q 40/12; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT: A system and method for generating a ledger is disclosed herein. A computing system receives, from one or more third party vendors, a plurality of transactions associated with a user. The computing system parses the plurality of transactions to identify one or more parameters associated with each transaction of the plurality of transactions. The computing system groups the one or more transactions into one or more clusters based on the identified one or more parameters. The computing system associates a life event to each cluster of the one or more clusters. The computing system interfaces with a client device associated with the user to confirm an associated life event. Upon receiving a confirmation from the user regarding the associated life event, the computing system generates a ledger. The ledger includes the life event and the one or more transactions associated therewith.

March 30, 2021

Total CPC G06Q Subclass (business methods) patents issued:  161

Financial industry business method patents reviewed herein:   10

PATENT: Mobile-based electronic payment solution using sound transmission between parties in proximity; US 10,963,861 B2; 3/30/2021; CPC G06Q 20/3272; 17 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: A method of and system for wirelessly transmitting a tip from a tipper to a tippee is disclosed. The method and system each eliminate the need for a tipper to make a cash payment to a service provider. The method and system employ a sound-based technique for transferring payment information from a tipper to a tippee. The method and system also enable the tippee to deposit the tip amount into an account that is configured such that the tip is automatically dispersed to a group of service providers according to a predetermined allocation schedule.

PATENT: Method and system for fraud control of blockchain-based transactions; US 10,963,881 B2; 3/30/2021; CPC G06Q 20/4016; 16 claims; assigned to MasterCard International Incorporated.

FIELD: The present disclosure relates to the linking of blockchain transactions to privately verified identities, specifically the association of a blockchain transaction to a consumer or merchant associated with a transaction account based on transaction data and stored account profiles.

PATENT: Electronic circuitry for valuation and aggregation of values of client entities with temporal restrictions; US 10,963,954 B1; 3/30/2021; CPC G06Q 40/00; 15 claims; assigned to U.S. Bank National Association.

FIELD: Aspects of the present invention are directed to electronic circuitry for valuation and aggregation of values of client entities with temporal restrictions, with more specific aspects directed to assignment of types of accounts of client entities and aggregated valuation for account types of client entities based upon temporal constraints.

PATENT: Systems and methods for communications regarding loan collateral; US 10,963,958 B1; 3/30/2021; CPC G06Q 40/025; 17 claims; assigned to Federal Home Loan Mortgage Corporation.

ABSTRACT EXCERPT: The present disclosure provides systems, methods, and products for assessing collateral data, including appraisal data, and providing timely notification of any problems or anomalies identified for the collateral.

PATENT: Computer system for automatic credit allocation of a shared line of credit; US 10,963,960 B1; 3/30/2021; CPC G06Q 40/025; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A computer system is described that automatically allocates credit between two or more users of a shared line of credit. For example, a computer system is configured to monitor information relating to a plurality of credit needs of a plurality of users of a shared line of credit and feed the information into a trained machine learning model to automatically determine whether an amount of credit allocated to each user of the plurality of users is sufficient for the respective user's credit need.

PATENT: Offload processing of data packets containing financial market data; US 10,963,962 B2; 3/30/2021; CPC G06Q 40/04; 55 claims; assigned to IP Reservoir, LLC.

ABSTRACT: Various techniques are disclosed for offloading the processing of data packets that contain financial market data. For example, incoming data packets can be processed through an offload processor to generate a new stream of outgoing data packets that organize financial market data in a manner different than the incoming data packets. Furthermore, in an exemplary embodiment, the offloaded processing can be resident in an intelligent switch, such as an intelligent switch upstream or downstream from an electronic trading platform.

PATENT: Measuring risk tolerance using virtual or augmented reality view of simulated outcome; US 10,963,964 B1; 3/30/2021; CPC G06Q 40/06; 20 claims; assigned to Wells Fargo Bank, N.A.

SUMMARY: One embodiment relates to a financial institution computing system. The financial institution computing system includes a network circuit enabling the financial institution computing system to exchange information over a network. The financial institution computing system also includes a risk analysis circuit. The risk analysis circuit is configured to receive user information. The risk analysis circuit is also configured to simulate a plurality of investment outcomes for a first investment risk level based on the received user information.

PATENT: Triage tool for investment advising; US 10,963,965 B1; 3/30/2021; CPC G06Q 40/06; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Various examples are directed to computer-implemented systems and methods for providing a triage tool for investment advising. A method includes displaying by a processor of a computer, an image on a graphical user interface (GUI) of a device of a user. The image includes information related to financial account management for the user. Input options are provided to the user on the GUI including at least two directional swipe input options to obtain the user's positive or negative response to the image.

PATENT: Overspending alert system; US 10,963,971 B1; 3/30/2021; CPC G06Q 40/12; 17 claims; assigned to Wells Fargo Bank, N.A.

SUMMARY: One embodiment relates to a financial institution computing system associated with a financial institution. The system includes a network interface structured to communicate data over a network. The system also includes a user database configured to store information to a plurality of users, including information pertaining to a user payment account associated with a user and historical user activity data pertaining to the user, the historical user activity information pertaining to the user being stored in association with a unique user identifier.

PATENT: Adaptive life advisor system; US 10,963,972 B1; 3/30/2021; CPC G06Q 40/12; 27 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Examples described herein relate to apparatuses and methods for providing automated advising services to a customer of a provider institution, including but not limited to a provider institution computing system determining a goal of the customer based on a user input of the customer, generating a set of sub-goals for the goal, determining a current status of the customer relating to the sub-goals and the goal, determining whether the current status of the customer meets any sub-goals and a projected status of the customer indicating whether the customer is projected to meet the goal, and sending a notification to a user device of the customer notifying the customer of a completion state of the goal based on at least one of the sub-goals met by the current status of the customer and whether the customer is projected to meet the goal.

March 23, 2021

Total CPC G06Q Subclass (business methods) patents issued:  161

Financial industry business method patents reviewed herein:   10

PATENT: Server tool; US 10,956,839 B2; 3/23/2012; CPC G06Q 10/0631; 17 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: A memory stores a log that includes first, second, and third datasets each containing server information collected at different times. The processor forms vectors from the datasets, calculates distance vectors between them and uses the distance vectors and pairwise angles between distance vectors to predict a dataset for a first future time.

PATENT: Business process management information display; US 10,956,848 B1; 3/23/2012; CPC G06Q 10/0637; 11 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A Business Process Management (BPM) information display system and method includes identifying a BPM asset that has been modified, comparing the modified BPM asset to a second version of the BPM asset, and identifying an activity within the modified BPM asset that has been modified. A user interface is generated by a computing system in which the modified BPM asset and the second version of the BPM asset are displayed, including highlighting the modified activity on the user interface.

PATENT: Methods and systems for biometric card enrollment; US 10,956,881 B2; 3/23/2012; CPC G06Q 20/105; 23 claims; assigned to Mastercard International Incorporated.

ABSTRACT EXCERPT: Methods, apparatus and systems for allowing users to easily and securely enroll directly into a newly issued biometric payment card. In an embodiment, a user is provided with a biometric payment card enrollment package that includes a biometric payment card, an energy sleeve having a power source and at least a front wall and a rear wall defining an opening for accepting the biometric payment card therein, and at least one light-emitting diode (LED).

PATENT: System for adding identification element to card; US 10,956,883 B1; 3/23/2012; CPC G06Q 20/18; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Aspects described herein may allow for prompting a user to access an on-line tool to create an identification element to be added to an exterior surface of a personal card.

PATENT: Method and system for contactless payment via quick response code; US 10,956,889 B2; 3/23/2012; CPC G06Q 20/204; 20 claims; assigned to Mastercard International Incorporated.

FIELD: The present disclosure relates to the contactless conveyance of transaction data, specifically the conversion of one-time numbers and other alternative payment mechanisms from displayed machine-readable codes to formats suitable for electronic transmission, such as through near field communication.

PATENT: Systems and methods for switching electronic accounts using a self-service device; US 10,956,971 B2; 3/23/2012; CPC G06Q 40/02; 9 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: The disclosed embodiments include methods and systems for switching electronic accounts using self-service device. The account switch system may receive, from the self-service device, a request to switch an existing electronic account associated with a first provider to a new electronic account associated with a second provider.

PATENT: Purchase assistance based on device movement; US 10,956,975 B1; 3/23/2012; CPC G06Q 40/025; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Purchase assistance is provided to a user based on user device location and direction. Input to a user device, identifying a product or service of interest, can be received. Next, a location of the user device is determined, and one or more providers of the product or service are identified in proximity to the location of the user device. Direction information of the user device is determined.

PATENT: Methods and systems for facilitating financial exchanges between liquidity takers and liquidity providers; US 10,956,977 B2; 3/23/2012; CPC G06Q 40/04; 10 claims; assigned to Integral Development Inc.

CLAIM 1 EXCERPT: A computer-implemented method for facilitating transactions between a plurality of liquidity takers (LTs) and a plurality of liquidity providers (LPs) via a matrix.

PATENT: Systems and methods of detecting manipulations on a binary options exchange; US 10,956,978 B2; 3/23/2012; CPC G06Q 40/04; 20 claims; assigned to CFPH, LLC.

ABSTRACT: Methods, apparatuses and article of manufactures for receiving a plurality of bids and offers for a binary options transaction. Each bid and offer comprises a quantity and a price. At least one rule is applied to the plurality of received bids and offers. At least one of the plurality of bids and offers is determined to be potentially manipulative. An alert that the at least one bid or offer is potentially manipulative is transmitted.

PATENT: PCA-based portfolio margining; US 10,956,979 B2; 3/23/2012; CPC G06Q 40/06; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: A computer implemented method determines a margin requirement for a financial product portfolio. Market conditions for the financial product portfolio are characterized by a zero curve. The method includes producing a plurality of scenario curves.

March 16, 2021

Total CPC G06Q Subclass (business methods) patents issued:  167

Financial industry business method patents reviewed herein:   10

PATENT: Secure transfer of items; US 10,949,795 B1; 3/16/2021; CPC G06Q 10/0836; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method for securely transporting items in an autonomous vehicle (AV) between travel destinations includes implementing an electronic ledger on an electronic computing device. One or more electronic codes for are stored in the electronic ledger for controlling access to a physical container that can be secured in the AV. One or more destination addresses for the AV are stored in the electronic ledger. After receiving an access code that matches one of the one or more electronic codes, the physical container is secured in the AV. A destination address is obtained from the electronic ledger. The AV is directed to transport the physical container to the destination address.

PATENT: Integrated mobile trusted service manager; US 10,949,815 B2; 3/16/2021; CPC G06Q 20/02; 7 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Embodiments of the invention are directed to a centralized trusted service manager system in the form of a trusted service manager interconnectivity service hub, which facilitates and provides communications between entities involved in mobile contactless provisioning and payment systems.

PATENT: Interbank account verification and funds transfer system and method; US 10,949,816 B1; 3/16/2021; CPC G06Q 20/023; 17 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A computer-implemented system and method receive information regarding a funds transfer from a payor to a payee. The information is received by a depository computer system. The depository computer system forwards the information regarding the funds transfer to an account verification service computer system. The depository receives an indication of a real time account status of an account of the payor.

PATENT: Programmatic reconciliation of electronic receivables; US 10,949,817 B1; 3/16/2021; CPC G06Q 20/102; 21 claims; assigned to Wells Fargo Bank, N.A.

CLAIM 1 EXCERPT: Generate a payment file based on the referential link, the payment file including an association between the electronic payment remittance, the electronic payment, the updated data field, and the referential link; and transmit the payment file, over a computer network using the at least one transceiver, to an external server computer.

PATENT: Forensic assisting and tracing for automated teller machines; US 10,949,821 B1; 3/16/2021; CPC G06Q 20/1085; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Techniques are described for performing forensic assisting and tracing of transaction data from an automated teller machine (ATM) to detect suspicious activity and potential security threats. The techniques include a forensic assisting and tracing (FAST) ATM configured to intercept data packets including transaction data generated by the ATM; map, store, and index the transaction data; and analyze metadata for the transaction data to generate reports on the operation of the ATM for a higher-level hub server.

PATENT: Systems and methods for activating account card functions based on physical device interactions; US 10,949,835 B2; 3/16/2021; CPC G06Q 20/354; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Systems and methods are provided for activating a function of an account card based on physical devices interactions such as a motion pattern detected by the account card. In some embodiments, the account card may include one or more sensors and processing capabilities sufficient to store a motion pattern, detect a motion pattern representing movement of the account card, compare the detected motion pattern to the stored motion pattern, and activate one or more functions of the account card based on the comparison.

PATENT: Contextual graphical user interfaces; US 10,949,917 B1; 3/16/2021; CPC G06Q 40/02; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Disclosed in some examples are methods, systems, and machine readable mediums that provide users of a network-based financial account management system with a contextual user interface element, which when activated presents dynamic graphical user interfaces that provide financial account information as well as suggested financial performance improvement actions.

PATENT: Rate and payment guide; US 10,949,921 B1; 3/16/2021; CPC G06Q 40/025; 9 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A system for generating rate and payment information for a customer receives an inquiry type from a customer relating to a loan or mortgage. The system also receives a value specific to the potential loan or mortgage. In combination with a product and policy database and a pricing/fee database, relevant financial products are determined and provided to the customer. The inquiry type can include buying a property, refinancing a mortgage, improving a property, and/or using funds from a property.

PATENT: Derivative contracts that settle based on transaction data; US 10,949,922 B2; 3/16/2021; CPC G06Q 40/04; 13 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: The disclosed systems and methods make derivatives contracts based on an underlying virtual currency available for trading. Certain derivatives contracts have a settlement value based on the transaction fees associated with recording and/or performing transactions for the selected virtual currency. The contracts can be used, for example, by virtual currency miners against certain risks associated with mining virtual currency.

PATENT: Estate resource system for settlement of estate assets; US 10,949,937 B1; 3/16/2021; CPC G06Q 50/186; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Techniques are described that provide a centralized system to coordinate the disparate teams involved in settling or reconciling the affairs of a given estate. These techniques provide a centralized estate resource system (ERS) to create, manage, track, and coordinate task checklists and actions for each of the teams including interactions between teams. The ERS may assign specific personnel within each team to a given estate, send notifications and warnings to appropriate team members when tasks are due or complete, and facilitate messaging between team members to communicate when information is needed or has become available.

March 9, 2021

Total CPC G06Q Subclass (business methods) patents issued:  143

Financial industry business method patents reviewed herein:   10

PATENT: Geographic region modification tool for database query enhancement; US 10,943,203 B2; 3/9/2021; CPC G06Q 10/06393; 17 claims; assigned to MasterCard International

Incorporated.

ABSTRACT: A computer-implemented system is configured to, responsive to failure of anonymity threshold criteria of a payment card transaction based dataset including a geographical region definition including solely a first geographical region, query a geographical information service for data indicative of geographical regions neighboring a first geographical region; iteratively query the payment card transaction based dataset using queries modifying the geographical region definition to include the first geographical region and one or more neighboring geographical regions; test returned results against the anonymity threshold criteria; and responsive to a positive test result, generating an approval indication for a data set.

PATENT: Systems and methods for updating stored cardholder account data; US 10,943,216 B2; 3/9/2021; CPC G06Q 20/102; 18 claims; assigned to MasterCard International

Incorporated.

ABSTRACT EXCERPT: A computer-implemented method for updating stored cardholder account data is provided. The method is implemented using an account updating server in communication with a memory.

PATENT: Automatically processing split payments in POS device; US 10,943,220 B1; 3/9/2021; CPC G06Q 20/204; 13 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Systems and methods that facilitate a mobile wallet splitting payments to an invoice between multiple payment accounts are disclosed herein. The mobile wallet can receive an invoice, and then select a set of payment accounts to each pay a portion of the invoice. The mobile wallet can send the payment information to a point of sale device, indicating that the payment include multiple payments from different payment accounts.

PATENT: Integrated communications network for transactions; US 10,943,224 B2; 3/9/2021; CPC G06Q 20/325; 12 claims; assigned to Visa International Service Association.

ABSTRACT: An integrated communications network may be integrated with existing payment systems to provide for more efficient and secure payment related communications. The integrated communications network may use mobile network protocol encapsulation to provide more efficient, faster, and more robust payment related communications to a payment processor across a mobile network. The integrated communications network may implement a location-aware network communications system that may allow a payment processor to obtain additional information about a consumer using a location-aware header of a network communication.

PATENT: Systems and methods for incorporating QR codes; US 10,943,225 B2; 3/9/2021; CPC G06Q 20/3276; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Systems and methods for facilitating payment transactions using quick-response (QR) codes are provided. A first machine readable code encoding first data generated by an access device is scanned by a communication device. The communication device generates a cryptogram based on the first data encoded within the first machine readable code. The communication device then obtains financial credentials data from a payment application being executed on the communication device.

PATENT: Method and system of capturing an image of a card; US 10,943,226 B2; 3/9/2021; CPC G06Q 20/3276; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: A method and a system of capturing an image of a card having a magnetic stripe is provided. The method includes obtaining a first image by an imaging device of the card, obtaining a plurality of images of the card via color delta analysis, and obtaining a third image of the card by comparing the first and the plurality of images.

PATENT: Methods and systems for accessing account information electronically; US 10,943,292 B2; 3/9/2021; CPC G06Q 40/02; 21 claims; assigned to Citibank, N.A.

ABSTRACT EXCERPT: Methods and systems for accessing customer account information involve, for example, binding a computing device with a customer's profile via one or more attributes of the computing device and an encrypted token stored on the computing device and thereafter receiving an authentication request consisting at least in part of the computing device attributes and the encrypted token stored on the computing device.

PATENT: Systems and methods for managing home mortgage loans; US 10,943,293 B2; 3/9/2021; CPC G06Q 40/025; 17 claims; assigned to The PNC Financial Services Group, Inc.

ABSTRACT EXCERPT: Systems and methods are provided to facilitate a coordinated and concerted process between parties and activities related to procuring an asset, obtaining financing, and managing loans and debentures thereof.

PATENT: Systems and methods for coordinating processing of instructions across multiple components; US 10,943,297 B2; 3/9/2021; CPC G06Q 40/04; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: The disclosed embodiments relate to implementation of a trading system or trading system architecture having multiple transaction processors that process or execute instructions. The instructions are sent to the transaction processors before they are to be executed, so that when an instruction identifier corresponding to a pre-sent or pre-loaded instruction is sent to a transaction processor, the transaction processor can retrieve and execute the corresponding instruction without unnecessary delay, thus reducing transaction processing latency and improving computing efficiency.

PATENT: Systems and methods for pervasive advisor for major expenditures; US 10,943,308 B1; 3/9/2021; CPC G06Q 40/12; 15 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A pervasive advisor for major purchases and other expenditures may detect that a customer is contemplating a major purchase (e.g., through active listening). The advisor may assist the customer with the timing and manner of making the purchase in a way that is financially sensible in view of the customer's financial situation. A customer may be provided with dynamically-updated information in response to recent actions that may affect an approved loan amount and/or interest rate.

March 2, 2021

Total CPC G06Q Subclass (business methods) patents issued:  141

Financial industry business method patents reviewed herein:   10

PATENT: Dynamic dashboard for business operations; US 10,936,982 B1; 3/2/2021; CPC G06Q 10/0635; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: An example method for rendering a dynamic dashboard for an electronic computing device includes receiving data regarding a server computing device. The data indicates whether there are any current or potential problems that impact an operation of the server computing device. Information is obtained regarding any business applications currently running on the server computing device. Information is obtained regarding customers using the business applications currently running on the server computing device.

PATENT: System for mitigating exposure associated with identified impacts of technological system changes based on solution data modelling; US 10,936,984 B2; 3/2/2021; CPC G06Q 10/0637; 20 claims; assigned to Bank of America Corporation.

FIELD: The present invention relates to mitigating exposures associated with identified impacts of technological system changes utilizing solution data models.

PATENT: Payment services via application programming interface; US 10,937,025 B1; 3/2/2021; CPC G06Q 20/40; 24 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: The described financial institution computing system provides services to customers through an application programming interface ("API"). The services include user identification services to customers and payment services that allow users to pay the customers via the financial institution. The user identification services allow the customers to verify the identity of users as non-fraudulent users.

PATENT: Systems and methods for managing token-based transactions; US 10,937,027 B1; 3/2/2021; CPC G06Q 20/401; 20 claims; assigned to JPMorgan Chase Bank, N.A.

FIELD: The present invention generally relates to systems and methods for managing token-based transactions.

PATENT: Trading application program interface; US 10,937,092 B2; 3/2/2021; CPC G06Q 40/04; 9 claims; assigned to BGC Partners, Inc.

ABSTRACT EXCERPT: An electronic trading system including various rules is described herein. Many of the rules relate to implementing periods of exclusive priority in trading. For example, in one of the rules, an exclusive period of trading may be controlled by an aggressor and a designated passive participant.

PATENT: System and method for analyzing and displaying security trade transactions; US 10,937,093 B2; 3/2/2021; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Processing and charting security exchange trading and market information shows security traders if current transactions originated as buy orders or sell orders, and simultaneously indicates traded quantity. Security exchange trading information is received that includes the price, volume and time of each trade. In addition, security exchange market information is received from buyers, specifying bide prices and quantities, and from sellers, specifying asking prices and quantities.

PATENT: Order inheritance, such as for use in financial trading; US 10,937,094 B1; 3/2/2021; CPC G06Q 40/04; 22 claims; assigned to Geneva Technologies, LLC.

ABSTRACT: Systems and methods for order inheritance and order transfer are provided. In one embodiment, a user submits an order through trading platform. The order is then added to an order queue for execution on financial market. Once a trader has achieved a queue position, various embodiments allow the trader to indicate that the order is available for inheritance or transfer. Various display indicators may be used to notify other traders that the order and queue position are available. A new owner can be selected and the order ownership can be transferred. Other features are disclosed herein.

PATENT: System and method for controlled market data delivery in an electronic trading environment; US 10,937,095 B2; 3/2/2021; CPC G06Q 40/04; 26 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A system and methods for controlled market data delivery are described. According to one example embodiment, upon detecting a preset threshold of updates in a queue at a gateway, a predetermined number of market updates may be processed before any data is sent to a client terminal. According to one method, update types may be used to control how many updates are processed before any data is sent. Also, once the number of updates to be processed is set, a market update having a higher priority update type may be used to trigger a change in the number of market updates that was set for processing.

PATENT: Transaction processing in a service blockchain; US 10,937,096 B2; 3/2/2021; CPC G06Q 40/04; 18 claims; assigned to Advanced New Technologies Co. Ltd.

ABSTRACT EXCERPT: Implementations of this specification provide a method and an apparatus for transaction processing in a service blockchain.

PATENT: Distributed server side device architecture; US 10,937,100 B2; 3/2/2021; CPC G06Q 40/06; 18 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: An electronic trading method is provided. The method includes receiving a trading strategy order having a parent trading strategy including multiple quoting legs; splitting the trading strategy order into multiple child orders; and submitting each of the multiple child orders to exchange systems adapted to fill the quoting legs in the child orders. Each child order includes a child trading strategy having a single quoting leg or a reduced number of quoting legs relative to the parent trading strategy. The child trading strategies are the same as the parent trading strategy except for the number of legs marked as quoting legs. The method may be performed by a trading strategy device disposed between a client device and multiple server side devices.

February 23, 2021

Total CPC G06Q Subclass (business methods) patents issued:  160

Financial industry business method patents reviewed herein:   10

PATENT: Graphical user interfaces for facilitating end-to-end transactions on computing devices; US 10,929,822 B2; 2/23/2021; CPC G06Q 20/102; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Methods and systems for facilitating group payment are disclosed. In one embodiment, a group payment system is configured to execute instructions to perform operations that include receiving, from a first computing device, a request to create a group payment event and, in response, providing to the first computing device a first interface associated with the group payment event. The operations further include receiving, from a second computing device, a request to join the group payment event and, in response, providing a second interface to the second computing device.

PATENT: Wearable payments using multiple mounted data elements; US 10,929,833 B2; 2/23/2021; CPC G06Q 20/3278; 19 claims; assigned to Visa International Service Association.

ABSTRACT: Provided is a wearable device, including a base configured to be worn by a user, at least one data element at least partially positioned on or within the base and programmed or configured to have account data stored thereon, and at least one antenna including an open circuit, the at least one antenna at least partially positioned on or within the base and configured to transmit at least a portion of the account data and receive at least a portion of transaction data from at least one target device when the open circuit of the antenna is closed and becomes powered by at least one power source. Other expressions are also disclosed.

PATENT: Digital wallet with installments and combo-card; US 10,929,839 B2; 2/23/2021; CPC G06Q 20/36; 11 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A wallet services system allows a user to access his/her digital wallet during a transaction with a merchant. The merchant transmits one or more parameters and transaction information to the wallet services system that are used by the wallet services system to identify one or more wallet options available to the user for the transaction. The wallet options may include selecting one or more installment payment options for the transaction or selecting a payment account type including a combo-card payment account type.

PATENT: Purchase incentive data structures for mobile wallet applications; US 10,929,840 B1; 2/23/2021; CPC G06Q 20/363; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Various examples are directed to systems and methods for utilizing purchase incentives in an electronic mobile wallet application. The mobile wallet application may receive a committable coupon data structure comprising terms data describing a purchase incentive and cryptographic verification data. The mobile wallet application may send a request to tokenize the committable coupon data structure to an element management system. The request may include an indication of a payment element associated with the mobile wallet application.

PATENT: ATM customer messaging systems and methods; US 10,929,922 B1; 2/23/2021; CPC G06Q 40/02; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Identification information for a first account holder at a financial institution is received. The first account holder is authenticated based on the identification information. A second account holder at the financial institution is identified as being known to the first account holder. Inputs are received from the first account holder to configure a message to be displayed to the second account holder. The message is displayed to the second account holder from the first account holder.

PATENT: Security scoring; US 10,929,923 B1; 2/23/2021; CPC G06Q 40/025; 17 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Session management, security scoring, and friction management are provided herein. Sessions may be monitored for commonalities or other attributes or aspects and closed, terminated, or a freeze placed on additional sessions from being initiated. A security score may be provided which is indicative of how secure a user is with respect to one or more ways the user interacts with a resource. One or more suggested actions or score improvement strategies may be suggested to facilitate improvement of a security score for a user. The security score may be used to affect business decisions made by an institution or financial entity.

PATENT: Transactionally deterministic high speed financial exchange having improved, efficiency, communication, customization, performance, access, trading opportunities, credit controls, and fault tolerance; US 10,929,926 B2; 2/23/2021; CPC G06Q 40/04; 23 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities.

PATENT: Exchange trading of mutual funds or other portfolio basket products; US 10,929,927 B2; 2/23/2021; CPC G06Q 40/04; 32 claims; assigned to NYSE American LLC.

ABSTRACT: Embodiments include systems and methods for intra-day trading of actively managed exchange traded funds (AMETFs). The embodiments provide creation and redemption structures for AMETF shares that allow arbitrage, intra-day value estimations for AMETF shares, and hedging portfolios for hedging risks associated with trading AMETF shares, all without requiring disclosure of the specific assets underlying the AMETF.

PATENT: Systems for purchasing shares in an entity holding digital math-based assets; US 10,929,929 B1; 2/23/2021; CPC G06Q 40/04; 23 claims; assigned to Winklevoss IP, LLC.

ABSTRACT: Systems, methods, and program products for providing an exchange traded product holding digital math-based assets are disclosed. Shares based on digital math-based assets may be created using one or more computers by determining share price information based upon quantities of digital math-based assets held by a trust, electronically receiving a request from an authorized participant user device to purchase a quantity of shares, electronically transmitting a quantity of digital math-based assets to one or more destination digital asset accounts for receipt of digital math-based assets from the authorized participant based on the determined share price information and the requested quantity of shares, and electronically issuing shares to the authorized participant.

PATENT: Method and apparatus for high-speed processing of financial market depth data; US 10,929,930 B2; 2/23/2021; CPC G06Q 40/04; 48 claims; assigned to IP Reservoir, LLC.

ABSTRACT: 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.

February 16, 2021

Total CPC G06Q Subclass (business methods) patents issued:  150

Financial industry business method patents reviewed herein:   10

PATENT: Automatic generation and population of digital interfaces based on adaptively processed image data; US 10,922,665 B2; 2/16/2021; CPC G06Q 20/102; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The disclosed embodiments include computer-implemented systems, apparatuses, and processes that, among other things, automatically generate and populate digital interfaces based on adaptively processed image data captured by a network-connected device operating within a computing environment.

PATENT: Authentication systems and methods using location matching; US 10,922,672 B2; 2/16/2021; CPC G06Q 20/3224; 13 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: According to some embodiments of the invention, an authentication method is provided. Transaction data for a transaction is received at a communication device from an access device or a resource provider. The transaction data comprises a location of the access device. A location of the communication device is determined by the communication device. It is determined whether a distance between the location of the access device and the location of the communication device is within a predetermined threshold.

PATENT: Real-time authorization of initiated data exchanges based on tokenized data having limited temporal or geographic validity; US 10,922,673 B2; 2/16/2021; CPC G06Q 20/32; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The disclosed exemplary embodiments include computer-implemented systems, apparatuses, and processes that, among other things, authorize initiated exchanges of data based on tokenized data characterized by a limited temporal or geographic validity. For example, an apparatus may receive a first signal that includes first information identifying a first geographic position of a client device. The apparatus may also obtain a digital token representative of a pre-authorization of a data exchange between the client device and a terminal device during a corresponding temporal interval. The terminal device may, for example, be disposed within a geographic region that includes the first geographic position of the client device.

PATENT: System, method and computer program product for automatic and remote control of NFC transaction processing; US 10,922,678 B2; 2/16/2021; CPC G06Q 20/3278; 6 claims; assigned to Visa International Service Association.

FIELD: This invention relates generally to systems, devices, products, apparatus, and methods that are used for near-field communication (NFC) transaction processing, and in one particular embodiment, to a system, product, and method for automatic and remote control of NFC transaction processing.

PATENT: System for priority presentation integration on third party systems for limiting resource disbursement; US 10,922,683 B2; 2/16/2021; CPC G06Q 20/363; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention are directed to systems, methods and computer program products for implementing logic code within a resource disbursement limiter for integration into user mobile wallets via a third party mobile wallet system.

PATENT: System and method for secured account numbers in proximity devices; US 10,922,686 B2; 2/16/2021; CPC G06Q 20/385; 20 claims; assigned to Visa U.S.A. Inc.

ABSTRACT EXCERPT: A technique for improving the security of a communication device may include storing a first account identifier and a second account identifier associated with the first account identifier, the second account identifier and the first account identifier being associated with the same account on the communication device.

PATENT: Systems and methods of identifying relative ordering for electronic data transaction requests; US 10,922,751 B2; 2/16/2021; CPC G06Q 40/04; 19 claims; assigned to Nasdaq, Inc.

ABSTRACT EXCERPT: An electronic exchange computing system is provided that includes a computer storage system, at least one transceiver, and a processing system. The storage system stores an electronic order book. The transceiver receives data transaction requests and transmits messages of an electronic data feed. The processing system generates an identifier, which may be referred to as a transaction identifier, for received data transaction requests.

PATENT: Distributed trading network and interface; US 10,922,752 B2; 2/16/2021; CPC G06Q 40/04; 13 claims; assigned to CFPH, LLC.

ABSTRACT: A distributed trading platform comprising: a first participant system of a liquidity provider configured to determine a first order that is stored in a first order management system; a central system configured to determine a plurality of second orders based on the first order, an aggression level and market data; and a second participant system of a liquidity taker configured to determine that a contra order is stored in a second order management system, determine a single second order of the plurality of second orders that the liquidity taker is qualified to view based on a third quantity of the contra order, and populate a second trader interface with information soliciting submission of the contra order to the distributed trading platform for matching with the single second order.

PATENT: Methods and systems for configurable display of dynamic data; US 10,922,753 B2; 2/16/2021; CPC G06Q 40/04; 21 claims; assigned to Geneva Technologies, LLC.

ABSTRACT: Methods and systems are disclosed for configurable display of market data. In one embodiment, market data is displayed in a dimensional perspective that emphasizes important aspects of market data while deemphasizing less important aspects. In a graphical user interface (GUI), the displayed market data is presented along a first axis, and a portion of the displayed market data is centered relative to a second axis. In response to receiving a selection of one of multiple controls of the GUI, the displayed market data is configured according to a dimensional perspective associated with the selected control. In some embodiments, the dimensional perspective includes mapping display of the market data to an object, such as an angled surface, a circular object, a flat surface, or a combination of the above. In some embodiments, additional controls of the GUI enable zoomed and rotated perspectives of the displayed market data.

PATENT: Systems and methods for determining an initial margin; US 10,922,755 B2; 2/16/2021; CPC G06Q 40/06; 30 claims; assigned to Intercontinental Exchange Holdings, Inc.

ABSTRACT: An exemplary system according to the present disclosure comprises a computing device that in operation, causes the system to receive financial product or financial portfolio data, map the financial product to a risk factor, execute a risk factor simulation process involving the risk factor, generate product profit and loss values for the financial product or portfolio profit and loss values for the financial portfolio based on the risk factor simulation process, and determine an initial margin for the financial product. The risk factor simulation process can be a filtered historical simulation process.

February 9, 2021

Total CPC G06Q Subclass (business methods) patents issued:  143

Financial industry business method patents reviewed herein:   10

PATENT: Method and apparatus for generating and operating a swaps trading platform; US 10,915,951 B2; 2/9/2021; CPC G06Q 40/04; 20 claims; assigned to Integral Development Corporation.

ABSTRACT EXCERPT: A swaps trading platform is generated, where the generated swaps trading platform is configured to operate in accordance with a plurality of predefined rules associated with swaps execution facility (SEP) requirements. One or more communication channels are established with respective one or more clearinghouses for transmission of clearinghouse information concerning one or more trade requests. One or more communication channels are established with respective one or more swaps data repository (SDR) providers for transmission of SDR information concerning the one or more trade requests.

PATENT: Manipulating trading tools; US 10,915,952 B2; 2/9/2021; CPC G06Q 40/04; 4 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Trading tools may be manipulated by allowing assembly, disassembly, and configuration of different trading tools. The assembly of different trading tools may generate combined trading tools. The combined trading tools may enable interoperability between the trading tools therein. Customization of the combined trading tools may be enabled by enabling a user to rearrange predefined areas displayed within the trading tools within the combined trading tools.

PATENT: System, method, and FPGA circuit for processing electronic messages in a distributed computer system; US 10,915,953 B2; 2/9/2021; CPC G06Q 40/04; 14 claims; assigned to International Securities Exchange, LLC.

SUMMARY: In an embodiment, disclosed is as system, method, and means and computer program products for receiving and processing messages for a financial exchange comprising: a matcher server; and a integrated circuit component configured to receive and process information associated with a financial instrument operatively connected to the matching server, wherein the integrated circuit component is configured to receive and store a plurality of messages from at least one computer server, each message of the plurality of messages being comprised of at least one message type.

PATENT: Integration application utilizing a communications protocol; US 10,915,954 B2; 2/9/2021; CPC G06Q 40/04; 18 claims; assigned to Chicago Mercantile Exchange Inc.

FIELD: The present application relates to communications protocols and more specifically to software and associated systems and methods for an integration application utilizing a communications protocol over multiple communication platforms.

PATENT: Exchange-traded TBA options; US 10,915,955 B2; 2/9/2021; CPC G06Q 40/04; 6 claims.

CLAIM 1 INTRO: A computer-implemented method for creating, centrally clearing, and settling an option on a TBA mortgage-backed securities forward contract ("TBA option") through a centralized trading platform and central clearinghouse that eliminates the need for delivering or exchanging the TBA mortgage-backed securities forward contract referenced by the TBA option or any mortgage-backed securities upon exercise of the option.

PATENT: Algorithmic model to allow for order completion at settlement or at close using exchange mandated rules for settlement determination; US 10,915,956 B2; 2/9/2021; CPC G06Q 40/04; 20 claims; assigned to Fidessa Trading UK Limited.

ABSTRACT EXCERPT: A system and method for managing and processing Market-On-Close orders for financial instruments by dynamically employing trading strategies according to settlement rules for financial instruments is provided. Techniques disclosed can include the use of an execution model that allows a trader to submit a MOC order using a trading system.

PATENT: Cover-OCO for legged order; US 10,915,957 B2; 2/9/2021; CPC G06Q 40/04; 11 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A position associated with a synthetic spread order may be managed where a status of a synthetic spread order is identified as legged. The synthetic spread order may have at least one child hedge order pending at an electronic exchange and in response, a bracket order is submitted to an electronic exchange for the tradeable object associated with a filled leg of the synthetic spread. In response to execution of the bracket order, the child hedge order may be cancelled.

PATENT: Advisory thresholds and alerts for managing position concentration risk; US 10,915,958 B2; 2/9/2021; CPC G06Q 40/06; 41 claims; assigned to Intercontinental Exchange Holdings, Inc.

ABSTRACT EXCERPT: Management of a position concentration risk of an account includes the establishment of a threshold level for an aggregate trader position. The aggregate trader position may be associated with one or more customer accounts that are managed by one or more clearing firms. An actual parameter value associated with each of the customer accounts is aggregated to determine an aggregate parameter value, which is compared against the established threshold value.

PATENT: System and method for spend management and investment of funds; US 10,915,959 B2; 2/9/2021; CPC G06Q 40/06; 14 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: A transaction management method and system are providing for managing disposition of funds for system users based on account activity. The method stores account data for the system users and instructions and at least a downloadable mobile application, The method receives through an interface over a network, an indication of account activity by the system user and determines a type of account activity.

PATENT: User interface for qualitative risk profile determination; US 10,915,960 B1; 2/9/2021; CPC G06Q 40/06; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Examples of a system and method may generally provide a graphical user interface for qualitative risk profile determination. A method may include providing a graphical user interface including a plurality of related qualitative graphs. The method may include receiving a selection from a user of one of the plurality of related qualitative graph and automatically determining a risk profile for the user. The risk profile may be provided on the graphical user interface.

February 2, 2021

Total CPC G06Q Subclass (business methods) patents issued:  179

Financial industry business method patents reviewed herein:   10

PATENT: Orchestration layer arrangements for determining a delivery option and orchestrating delivery; US 10,909,493 B1; 2/2/2021; CPC G06Q 10/0833; 19 claims; assigned to Capital One Services, LLC.

FIELD: Examples described are generally related to orchestration layer arrangements for determining a delivery option and for orchestrating delivery. More particularly, examples are related to an orchestration layer capable of analyzing plural delivery options to determine and present limited delivery options to a customer, and for conveying logistics instructions regarding the delivery.

PATENT: Systems and methods to facilitate the redemption of offer benefits in a form of third party statement credits; US 10,909,508 B2; 2/2/2021; CPC G06Q 20/02; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: A system and method configured to provide a mechanism allowing a third party, not involved in a payment transaction made between a merchant and a payment account, to provide a credit to the payment account as an offer benefit redeemed in view of the payment transaction. The mechanism includes a transaction handler of a payment processing network configured to provide transaction information relevant to the offer to the third party.

PATENT: Infrastructure for maintaining math-based currency accounts; US 10,909,509 B1; 2/2/2021; CPC G06Q 20/0655; 4 claims; assigned to Wells Fargo, N.A.

ABSTRACT: A banking system of a financial institution maintains a plurality of customer accounts in math-based currency ("MBC"). The system includes a network interface configured to facilitate data transmission over a network. The system includes a ledger including information relating to the plurality of customer accounts associated with a plurality of customers. The system includes a processor configured to update information contained in the ledger relating to the plurality of customer accounts based on the occurrences of MBC transactions involving the plurality of customers.

PATENT: Systems and methods for expediting math-based currency transactions; US 10,909,510 B1; 2/2/2021; CPC G06Q 20/0655; 9 claims; assigned to Wells Fargo, N.A.

ABSTRACT: Systems and methods for expediting math-based currency ("MBC") transactions are described. A financial institution facilitates the expedited MBC transactions. The expedited MBC transactions are achieved by guaranteeing merchants that a pending MBC transaction between the merchant and a customer will be verified by the MBC verification nodes. A provided guarantee can be collected on by the merchant in the event that a guaranteed MBC transaction is not verified by the MBC verification nodes.

PATENT: Method for providing a graphical user interface for an electronic transaction; US 10,909,511 B2; 2/2/2021; CPC G06Q 20/10; 20 claims; assigned to Visa International Service Association.

ABSTRACT: The method provides a graphical user interface for an electronic transaction. An input screen is displayed in the shape of an electronic transaction device and inputs in fields of the electronic transaction device are received. If each of the one or more fields has been completed, an indication to move to an additional display of the electronic transaction device is shown. Second inputs in additional fields of the additional display are received. If each of the additional fields has been completed, an additional indication to move to a confirmation display is displayed, and the confirmation display is shown.

PATENT: Method and system for providing financial performance data associated with a merchant; US 10,909,519 B2; 2/2/2021; CPC G06Q 40/02; 20 claims; assigned to MasterCard International Incorporated.

BACKGROUND: This description relates to processing payment transactions, and more specifically to providing financial performance data associated with a merchant based on processed payment transactions.

PATENT: Systems and methods for quantifying temporal fairness on electronic trading venues; US 10,909,621 B2; 2/2/2021; CPC G06Q 40/04; 22 claims; assigned to Thomson Reuters Global Resources.

ABSTRACT EXCERPT: A system and method is disclosed for quantifying temporal fairness on an electronic trading venue as a scalar value with unit time. The system may, for an instrument traded on the venue, construct some pluralities of time deltas associated with each pair of market participants in a plurality of such that are active on the instrument.

PATENT: System and method for displaying and/or analyzing a limit order book; US 10,909,622 B2; 2/2/2021; CPC G06Q 40/04; 20 claims; assigned to CFPH, LLC.

ABSTRACT EXTRACT: According to one embodiment, a method of generating a display of a limit order book is provided. Data regarding a plurality of limit orders entered onto an electronic market is received and recorded, at least temporarily. The data regarding each limit order includes a price and a time associated with that limit order.

PATENT: Method and apparatus for processing financial information at hardware speeds using FPGA devices; US 10,909,623 B2; 2/2/2021; CPC G06Q 40/06; 68 claims; assigned to IP Reservoir, LLC.

ABSTRACT: A method and apparatus use hardware logic deployed on a reconfigurable logic device to process a stream of financial information at hardware speeds. The hardware logic can be configured to perform data reduction operations on the financial information stream. Examples of such data reductions operations include data processing operations to compute a latest stock price, a minimum stock price, and a maximum stock price.

PATENT: Methods, apparatus, and systems for curve trading; US 10,909,626 B2; 2/2/2021; CPC G06Q 40/06; 19 claims; assigned to Geneva Technologies, LLC.

ABSTRACT: The described technology displays, at a GUI, a graph of one or more financial curves having one or more actionable indicators indicative of one or more tradable events associated with modeling and/or trading at least one market asset or financial instrument at a financial marketplace. The one or more indicators display a current real-time market value of a tradable event associated with the market asset or financial instrument. Input is received at the GUI from a trader to perform an action associated with the financial curve. In response to receiving the input, the action is initiated and the results are displayed at the GUI.

January 26, 2021

Total CPC G06Q Subclass (business methods) patents issued:  186

Financial industry business method patents reviewed herein:   10

PATENT: Interoperable financial transactions via mobile devices; US 10,902,397 B2; 1/26/2021; CPC G06Q 20/16; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: A method and system provide interoperable electronic financial services using mobile communications devices and without the need for traditional banking systems like plastic cards, POS machines, branches and ATMs. A consumer can deposit and/or withdraw money from his account using his mobile device and with the help of a local agent without ever stepping inside a branch of a bank where the consumer has an account. The system uses the consumers ID and his mobile number to generate a PAN for the consumer, which is then used to route the transactions.

PATENT: System and method for providing a group account; US 10,902,401 B2; 1/26/2021; CPC G06Q 20/29; 20 claims; assigned to Capital One Services, LLC.

FIELD: The present disclosure relates to systems and methods for integrating a social network application programming interface to provide a group fund account to pay for purchases that satisfy certain parameters.

PATENT: Electronic payment system and method thereof; US 10,902,403 B2; 1/26/2021; CPC G06Q 20/3221; 8 claims; assigned to National Payments Corporation of India.

ABSTRACT EXCERPT: The present disclosure envisages an electronic payment system and method. This disclosure relates to the field of electronic payment systems. The electronic payment system facilitates sending and receiving money in a simpler manner using user devices. It provides a unified payments interface (UPI) and enables users to push and pull/collect payments from accounts of concerned persons/entities. The system of the present disclosure enables payment transactions between a payer and a payee without mandatorily needing bank information and bank account details of each other.

PATENT: Transient mobile wallets; US 10,902,405 B1; 1/26/2021; CPC G06Q 20/3224; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A system includes a secondary computing device not owned by a user, a hardware processor, a memory and instructions that cause the processor to generate a transient wallet identifier (ID) for a transient mobile wallet, the transient mobile wallet being of limited duration, and provide a configuration user interface the user, presenting configuration information for the transient mobile wallet. The processor also identifies a usage specification for the transient mobile wallet defining allowed uses for the transient mobile wallet.

PATENT: System, method, and apparatus for a dynamic transaction card; US 10,902,413 B2; 1/26/2021; CPC G06Q 20/353; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: A dynamic transaction card that includes a number of layers, each of which may be interconnected to one another. For example, a dynamic transaction card may include an outer layer, a potting layer, a sensor layer, a display layer (including, for example, LEDs, a dot matrix display, and the like), a microcontroller/microprocessor storing firmware, Java applets, Java applet integration, and the like, an EMV processor, an energy storage component, one or more antenna (e.g., Bluetooth antenna, NFC antenna, and the like), a power management component, a flexible printed circuit board (PCB), a chassis, and/or a card backing layer. A display layer may include enhanced features such as the use of LED display components as a photosensor.

PATENT: Multi channel purchasing for interoperable mobile wallet; US 10,902,414 B1; 1/26/2021; CPC G06Q 20/36; 20 claims; assigned to Wells Fargo Bank, N.A.

FIELD: The present disclosure relates generally to the field of methods systems that use mobile devices to purchase products and services. More specifically, the present disclosure relates to systems and methods for enabling individuals to use their electronic devices to purchase products, receive refunds and services at any location.

PATENT: System and method for aggressively trading a strategy in an electronic trading environment; US 10,902,516 B2; 1/26/2021; CPC G06Q 40/04; 11 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: System and method for aggressively trading a spread trading strategy in an electronic environment are provided herein. According to the example embodiments, a trader may configure the automated trading tool to trade as aggressively as possible by leaning on a price without an associated quantity. This allows a trader to possibly obtain a more profitable price as well as get filled faster. Traders submit an order for a spread and the automated trading tool calculates the quote order price based on a defined level of aggressiveness, the leaned on price, and the desired spread price. Based on the level of defined aggressiveness and the gap in the market, the automated trading tool may lean on a mildly, moderately, or extremely aggressive price.

PATENT: Order entry actions; US 10,902,517 B2; 1/26/2021; CPC G06Q 40/04; 11 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Various embodiments disclosed herein relate to order entry. In the electronic trading process, order entry involves setting one or more order entry parameters, sending one or more order entry parameters, or both setting and sending one or more order entry parameters. As will be described in more detail below, various order entry actions, such as moving a cursor across an order entry line, moving a cursor into an order entry region, pressing an order entry button, or performing a gesture, may be used to trigger the setting, sending, or both setting and sending of one or more order entry parameters. At least some embodiments relate to enabling an order entry action before the order entry action is able to set, send, or both set and send one or more order entry parameters.

PATENT: System and method for performing automatic spread trading; US 10,902,518 B2; 1/26/2021; CPC G06Q 40/04; 11 claims; assigned to Pablo, LLC.

ABSTRACT: The present embodiments are provided to facilitate the automatic trading of spreads in a fast and accurate manner. One or more market data feeds that contain market information for tradeable objects are received at an exchange. A spread data feed is generated in response to the market data feeds and from one or more spread setting parameters, which can be entered by a user. The spread data feed is preferably displayed in a spread window as bid and ask quantities associated with an axis or scale of prices. The user can enter orders in the spread window and the legs will be automatically worked to achieve, or attempt to achieve, the spread. In addition, other tools disclosed herein may be utilized to assist the user in making such trades.

PATENT: Reverse convertible financial instrument; US 10,902,519 B2; 1/26/2021; CPC G06Q 40/06; 17 claims; assigned to CFPH, LLC.

ABSTRACT: Various embodiments of the present invention generally relate to creating, editing, displaying, and managing a financial instrument having debt and equity components. In some embodiments, a processor may receive one or more performance parameters for determining a performance of an asset at one or more future times are received from one or more parties. The processor may receive a request to generate indicia of a financial instrument. The financial instrument may comprise a funding instrument that specifies rights and obligations of at least a first party and a second party respecting a funding contribution from the first party for funding an asset owned at least in part by the second party.

January 19, 2021

Total CPC G06Q Subclass (business methods) patents issued:  90

Financial industry business method patents reviewed herein:   10

PATENT: Cognitive and heuristics-based emergent financial management; US 10,896,396 B1; 1/19/2021; CPC G06Q 10/067; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Cognitive and heuristics-based emergent financial management is provided. A method includes obtaining data related to an individual, an organization, a process, or combinations thereof. The data is obtained from internal sources, external sources, or combinations thereof. The method also includes creating data sets from the data based on determined classifications of the data. Further, the method includes establishing relationships between the data sets and determining a conclusion based on the relationships. The conclusion is based on a hypothesis that has undergone a test process.

PATENT: Computer message routing and processing system and method; US 10,896,414 B2; 1/19/2021; CPC G06Q 20/108; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A message routing and processing computing device and associated methods for routing and processing computer messages are disclosed. The message routing and processing computing device stores payment account identifiers and associated message routing instructions and is configured to receive a computer message including a payment account identifier. Based, at least in part, on the payment account identifier, the message routing and processing computing device determines a message route for the message and routes the message accordingly.

PATENT: Systems and methods for authenticating user identities in networked computer systems; US 10,896,419 B2; 1/19/2021; CPC G06Q 20/401; 19 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The disclosed embodiments include methods, systems, system terminals, and point-of-sale terminals for authenticating a user.

PATENT: Product analysis platform to perform a facial recognition analysis to provide information associated with a product to a user; US 10,896,420 B2; 1/19/2021; CPC G06Q 20/40145; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: A device may determine that a user has a threshold level of interest in a type of product. The device may receive an image of a face of the user, may perform a facial recognition analysis of the image, and may determine identification information of the user based on the facial recognition analysis. The device may identify account information associated with the user based on the identification information and may identify a product in an inventory that is associated with the type of product. The device may perform a preauthorization process associated with a transaction involving the product and the user based on the account information, and may perform an action associated with the transaction based on the preauthorization process.

PATENT: Trading system with price improvement; US 10,896,463 B2; 1/19/2021; CPC G06Q 40/04; 18 claims; assigned to BGC Partners, Inc.

ABSTRACT: A computer trading system has price improvement features.

PATENT: System, method, and tool for synthetic order recovery; US 10,896,464 B2; 1/19/2021; CPC G06Q 40/04; 9 claims; assigned to Trading Technologies International Inc.

ABSTRACT: A tool for synthetic order recovery is provided. An exemplary method for synthetic order recovery includes the features for detecting a server event associated with a synthetic order server identified by a synthetic order server identifier, wherein the synthetic order server is in communication with the recovery tool; determining at least one active synthetic order associated with the synthetic order server identifier; determining a child order status for each child order related to the at least one active synthetic order, wherein the child order status includes an updated child order quantity since the server event was detected, and wherein each child order is associated with the synthetic order server identifier; calculating an updated synthetic order quantity for each of the at least one active synthetic order and based on the updated child order quantity; generating a recovery package including the at least one active synthetic order and the updated synthetic order quantity; and communicating the recovery package to the synthetic order server associated with the synthetic order server identifier.

PATENT: Embedded hardware based system which provides real-time pre-trade risk assessments for multiple parties and method thereof; US 10,896,465 B2; 1/19/2021; CPC G06Q 40/04; 20 claims; assigned to Fixnetix, LTD.

ABSTRACT: A risk assessment system and method are provided that may be implemented as an embedded hardware based system and method that provide real-time pre-trade risk assessments for multiple parties, in addition to real-time market data and trading connectivity to a variety of liquidity venues. The liquidity venues may include regulated exchanges, ECNs and other financial institutions listing securities, options, futures, commodities, foreign exchange and other financial instruments.

PATENT: Systems and methods for routing trade orders based on exchange latency; US 10,896,466 B2; 1/19/2021; CPC G06Q 40/04; 16 claims; assigned to Trading Technologies International Inc.

ABSTRACT: Systems and methods for routing trade orders based on exchange latency are disclosed. An example method includes measuring a first latency associated with a first exchange based on a processing time of a first trade order; and routing a second trade order from a trading device to one of the first and a second exchange based on the first latency.

PATENT: Coupon blending of a swap portfolio; US 10,896,467 B2; 1/19/2021; CPC G06Q 40/06; 21 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT: Systems and methods for blending a plurality of swaps may include determining a fixed rate for use in blending a plurality of swaps, each of the plurality of swaps having matching economics and a different associated fixed rate. A computing device may determine a first remnant swap for blending fixed rate components of the plurality of swaps using the fixed rate. In some cases, the computing device may determine second remnant swap for blending floating rate components of the plurality of swaps based on the first remnant swap.

PATENT: Systems and methods for identity validation and verification; US 10,896,477 B2; 1/19/2021; CPC G06Q 50/265; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT: According to some embodiments, a system and a method of transmitting identity verification information to a merchant include receiving an account identifier from a user in response to the user interacting with a merchant. The user is authenticated based on the account identifier and identity verification information is transmitted to the merchant.

January 12, 2021

Total CPC G06Q Subclass (business methods) patents issued:  141

Financial industry business method patents reviewed herein:   10

PATENT: Multi-slot automated teller machine; US 10,891,601 B2; 1/12/2021; CPC G06Q 20/1085; 8 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Embodiments disclosed herein generally related to an automated teller machine (ATM) and a method of operating the same. In one embodiment, an apparatus is disclosed herein. The apparatus includes a body, a display, two or more currency dispensing components, two or more currency cartridges, two or more tracks, and a controller. Each currency dispensing component is dedicated to a specific currency denomination. The two or more currency cartridges are configured to store currency. Each currency cartridge dedicated to a specific currency denomination. Each track extends between a currency dispensing component and a currency cartridge.

PATENT: Systems and methods for providing manufacturer-based financial service accounts; US 10,891,603 B2; 1/12/2021; CPC G06Q 20/204; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: The disclosed embodiments include a mobile client device for providing real-time manufacturer-based financing. In one embodiment, the mobile device is configured to receive a product code associated with a manufacturer product offered for sale at a merchant location. The mobile device may further provide the product code to a financial service provider system configured to create a manufacturer-based financial service account associated with the product manufacturer. Further, the mobile device may provide, to the financial service provider system, information associated with a received account application, where the financial service provider system may create the manufacturer-based financial service account based on the received information and the product code.

PATENT: Network token system; US 10,891,610 B2; 1/12/2021; CPC G06Q 20/382; 12 claims; assigned to Visa International Service Association and MasterCard International Incorporated.

ABSTRACT: Embodiments of the invention are directed to methods, apparatuses, computer readable media and systems for providing, along with a token, a token assurance level and data used to generate the token assurance level. At the time a token is issued, one or more Identification and Verification (ID&V) methods may be performed to ensure that the token is replacing a PAN that was legitimately used by a token requestor. A token assurance level may be assigned to a given token in light of the type of ID&V that is performed and the entity performing the ID&V. Different ID&Vs may result in different token assurance levels. An issuer may wish to know the level of assurance and the data used in generating the level of assurance associated with a token prior to authorizing a payment transaction that uses the token.

PATENT: System and method for authenticating a payment terminal; US 10,891,611 B2; 1/12/2021; CPC G06Q 20/38215; 14 claims; assigned to The Toronto Dominion Bank.

ABSTRACT EXCERPT: A method of authenticating a payment terminal to a computer server involves the terminal generating a terminal activation request from a private key uniquely associated with the terminal, and from a credential uniquely associated with the terminal. The activation request includes a public key that the payment terminal generates from the private key. The private key is both provided to and uniquely associated with the terminal by an entity other than the terminal prior to the terminal generating the activation request. The terminal transmits the activation request to a certificate server, and receives a digital certificate in response.

PATENT: Transaction exchange platform having streaming transaction data and microservices; US 10,891,615 B1; 1/12/2021; CPC G06Q 20/401; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Aspects described herein may relate to a transaction exchange platform using a streaming data platform (SDP) and microservices to process transactions according to review and approval workflows. The transaction exchange platform may receive transactions from origination sources, which may be added to the SDP as transaction objects. Microservices on the transaction exchange platform may interact with the transaction objects based on configured workflows associated with the transactions.

PATENT: Systems and methods for biometric identity authentication; US 10,891,617 B2; 1/12/2021; CPC G06Q 20/40145; 17 claims; assigned to MasterCard International Incorporated.

SUMMARY: The field of the disclosure relates to authenticating the identity of a user of a computing device based on biometric identification information maintained by an entity.

PATENT: Dynamic transaction card protected by gesture and voice recognition; US 10,891,619 B2; 1/12/2021; CPC G06Q 20/40145; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: A dynamic transaction card that includes a number of layers, each of which may be interconnected to one another, is disclosed. The dynamic transaction card may include an outer layer, a potting layer, a sensor layer, a display layer (including, for example, LEDs, a dot matrix display, and the like), a microcontroller storing firmware, Java applets, Java applet integration, and the like, an EMV.TM. chip, an energy storage component, one or more antennas (e.g., Bluetooth antenna, NFC antenna, and the like), a power management component, a flexible printed circuit board (PCB), a chassis, and/or a card backing layer. The dynamic transaction card may be activated by authenticating the card user through user authentication input recognition, which may be gesture and/or voice recognition processing.

PATENT: Providing online cardholder authentication services on-behalf-of issuers; US 10,891,622 B2; 1/12/2021; CPC G06Q 20/405; 16 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: Methods and systems for providing cardholder authentication services on-behalf-of (OBO) issuers utilizing a payment card authorization network to bridge cardholder authentication and transaction authorization processes. In some embodiments, the process includes an OBO issuer service computer receiving an authentication message, storing the authentication message in a transaction database and then receiving a purchase transaction authorization request message from a payment network.

PATENT: Systems and methods for dynamic interface changes; US 10,891,688 B1; 1/12/2021; CPC G06Q 40/02; 24 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A system for causing a dynamic interface adjustment includes a user device. The user device includes an active financial interface associated with a financial institution. The system further includes a computer system communicatively coupled to the user device. The computer system is configured to receive, via the user device, a sensory input associated with a customer of the financial institution, determine a sensory impairment associated with the customer based on the sensory input, and cause a dynamic interface adjustment of the active financial interface in response to the determination of the sensory impairment.

PATENT: Automated trading system in an electronic trading exchange; US 10,891,692 B2; 1/12/2021; CPC G06Q 40/04; 26 claims; assigned to DCFB LLC.

ABSTRACT: An electronic exchange system network includes a trader site having an automated trading system capable of submitting orders to an exchange site. The automated trading system determines whether an order should be submitted based on, for example, the current market price of an option and theoretical buy and sell prices. The theoretical buy and sell prices are derived from, among other things, the current market price of the security underlying the option. A look-up table stores a range of theoretical buy and sell prices for a given range of current market price of the underlying security. As the price of the underlying security changes, a new theoretical price may be indexed in the look-up table, thereby avoiding calculations that would otherwise slow automated trading decisions. In addition, a system of checks may be conducted to ensure accurate and safe automated trading.

January 5, 2021

Total CPC G06Q Subclass (business methods) patents issued:  131

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods of pending transaction augmentation and automatic attachment to settled transactions; US 10,885,500 B2; 1/5/2021; CPC G06Q 20/047; 20 claims; assigned to Capital One Services, LLC.

FIELD: The disclosed technology generally relates to transaction processing, and, more particularly, systems and methods for appending data to pending transactions and attaching to corresponding posted transaction.

PATENT: System and method for electronically providing receipts; US 10,885,506 B2; 1/5/2021; CPC G06Q 20/322; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: Systems and methods are provided for facilitating the automatic transmission of an electronic receipt to a user conducting a financial transaction at a computing device. The systems and methods described herein enable a series of operations whereby a user can conduct a transaction at a computing device and the computing device can automatically read user-account information and one or more electronic contact addresses which are stored in the memory of the user's personal transaction device.

PATENT: Bridge device for linking wireless protocols; US 10,885,509 B2; 1/5/2021; CPC G06Q 20/3227; 24 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: A bridge device acts as a link between generic wireless protocols of mobile devices and available communication components of access devices. The bridge device can be an attachment to existing access devices and enables a transaction using any available communication components on an access device and a bridge device mobile application on a mobile device. The bridge device notifies the mobile device which communication components are available for the transaction. The mobile device then sends a selection of a communication component to the bridge device.

PATENT: System and method for using image data to trigger contactless card transactions; US 10,885,514 B1; 1/5/2021; CPC G06Q 20/353; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A method for controlling a near field communication between a device and a transaction card is disclosed. The method includes the steps of capturing, by a front-facing camera of the device, a series of images of the transaction card and processing each image of the series of images to identify a darkness level associated with a distance of the transaction card from the front of the device.

PATENT: Systems and methods for anticipating financial risk; US 10,885,527 B1; 1/5/2021; CPC G06Q 20/4016; 22 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A financial institution computing system includes a network interface, a database storing transaction data of the user and financial data for a plurality of entities, and a processor. The processor receives location data of the mobile device the financial data for at least one of the entities, determines a financial risk of the user based on a comparison of the location of the mobile device with the location of the at least one entity and based on at least one of the financial data for the at least one entity and the transaction data of the user, generate a notification in response to the financial risk exceeding a financial risk threshold, and cause the notification to be transmitted to the mobile device. The notification indicates that the user is susceptible to a financial risk based on the location of the user with respect to the at least one entity.

PATENT: Systems and methods for providing a user interface for facilitating personal payment transactions; US 10,885,579 B2; 1/5/2021; CPC G06Q 40/02; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Systems and processes are disclosed for providing customized user interfaces for facilitating personal payment transactions. In certain embodiments, disclosed embodiments may generate a dynamic and customized interface for effecting the personal payment transaction by, for example, providing one or more options for the payer to fund the payment. The disclosed embodiments may provide an interface that includes one or more suggested recipients for identifying the payee associated with the payment transaction.

PATENT: Unpriced order auction and routing; US 10,885,582 B2; 1/5/2021; CPC G06Q 40/04; 16 claims; assigned to NYSE Group, Inc.

ABSTRACT: An unpriced order auction and related market center and process are disclosed which allow posting market centers (e.g., exchanges) to schedule an auction that includes unpriced (Market) orders only. Such unpriced order auction executes at the midpoint of the NBBO, ensuring that the cross reflects the best prices in the entire marketplace, while discouraging the manipulation of the auction price on the posting market center. The disclosed auction also executes concurrently, but separately from the regular continuous matching process.

PATENT: Deterministic and efficient message packet management; US 10,885,583 B2; 1/5/2021; CPC G06Q 40/04; 21 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Methods, devices, and systems for facilitation of efficient processing of a plurality of electronic message packets communicated to an application via a network from a plurality of message sources. The facilitation involves receiving each of the plurality of electronic message packets from the network, and storing, upon receipt thereof, each of the received electronic message packets in a single buffer irrespective of which message source of the plurality of message sources each of the received electronic message packets originated from, the single buffer being accessible by the application.

PATENT: Flexible system and method for electronic trading; US 10,885,584 B2; 1/5/2021; CPC G06Q 40/04; 9 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein.

PATENT: Methods for automatically generating structured pricing models from unstructured multi-channel communications and devices thereof; US 10,885,586 B2; 1/5/2021; CPC G06Q 40/06; 15 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: Methods, non-transitory computer readable media, and natural language understanding (NLU) service device are disclosed that receive raw requests for price quotes for financial instruments from two or more different types of communication channels and via one or more communication networks. The raw requests are in two or more different formats and comprise unstructured data. The unstructured data of the raw requests is analyzed to identify key value(s) associated with the raw requests.

December 29, 2020

Total CPC G06Q Subclass (business methods) patents issued:  179

Financial industry business method patents reviewed herein:   10

PATENT: Cryptographic currency exchange; US 10,878,389 B2; 12/29/2020; CPC G06Q 20/065; 20 claims; assigned to Coinbase, Inc.

SUMMARY: The invention provides a host computer system for transacting bitcoin including a processor, a network interface device connected to the processor, a computer readable medium connected to the processor, a data store on the computer readable medium and a set of instructions on the computer readable medium that are executable by the processor.

PATENT: Systems and methods for identifying suspect illicit merchants; US 10,878,390 B2; 12/29/2020; CPC G06Q 20/12; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: An illicit website identifying (IWI) computing device is described herein, the IWI computing device configured to store a log of suspect illicit websites, the log including website content associated with each suspect illicit website. Each suspect illicit website is associated with a respective merchant. The IWI computing device is also configured to receive transaction data for at least one transaction initiated at a first suspect illicit website, the first suspect illicit website included within the log of suspect illicit websites, and analyze the received transaction data to identify one or more transactions including at least a portion of the website content associated with the first suspect illicit website.

PATENT: Modifying existing instruments without issuance of new physical card; US 10,878,398 B2; 12/29/2020; CPC G06Q 20/227; 18 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The present disclosure involves systems, software, and computer implemented methods for automatically modifying a payment instrument type of a user. One example method comprises receiving, via a communications module, a first signal including an indication of acceptance associated with a particular product selected from a set of potential products for replacing a current product associated with a first customer. At least one term or condition associated with the selected product is identified that is different than the terms or conditions associated with the at least one current product.

PATENT: System and method for implementing payment with a mobile payment device; US 10,878,399 B1; 12/29/2020; CPC G06Q 20/322; 18 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: The invention relates to a mobile device that makes payment for items without having to physically interact with a cashier terminal, the mobile device comprising: a memory that stores data associated with an account and a user; a microprocessor, coupled to the memory, programmed to perform the following: detect the mobile device entering a merchant location; activate a precheck feature on the mobile device upon the mobile device entering a merchant location; identify one or more items for checkout based on a sensor corresponding to each item; calculate a total amount for the one or more items; automatically initiate a charge for the total amount when the mobile device departs the merchant location; and deduct the total amount of the charge from a funding source.

PATENT: Systems and methods for onboarding customers through a short-range communication channel; US 10,878,495 B1; 12/29/2020; CPC G06Q 40/02; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Systems, methods, and apparatuses for enrolling a user with a product of a financial institution. A computing device associated with a financial institution includes a network interface enabling the computing device to exchange information over a network, one or more processors, and non-transitory machine-readable media storing instructions that, when executed by the one or more processors, cause the one or more processors to perform operations. The operations include establishing a short-range communication channel with a user device associated with a user based on a tap exchange and receiving personal information from the user device over the short-range communication channel.

PATENT: Credit line adjustment system; US 10,878,496 B1; 12/29/2020; CPC G06Q 40/025; 3 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A credit line adjustment system that initiates and processes credit line increases and/or credit line allocations between multiple credit lines in response to credit line adjustment triggering events. In some examples, the system can obtain, for at least one existing credit line provided by an account provider to an account holder, information about a credit line adjustment triggering event. The system can also initiate a credit line adjustment for the account holder in response to the credit line adjustment triggering event, the credit line adjustment including an increase in the credit limit on the at least one existing credit line.

PATENT: Order depth view visualization tool; US 10,878,501 B2; 12/29/2020; CPC G06Q 40/04; 20 claims; assigned to Nasdaq Technology AB.

ABSTRACT: An example computer system is configured to access broker order data and executed trade information in a memory, and to correlate the executed trade information and broker order data. The computer system is further configured to generate a view arranged to simultaneously display order spread, trade price for executed trades, and order book depth over a time period, based upon the correlated data. The broker order data represent orders transmitted by an external computer to an electronic exchange to trade in a tradeable instrument. The executed trade information includes information on trades executed by the electronic exchange based on the said orders.

PATENT: Transactionally deterministic high speed financial exchange having improved, efficiency, communication, customization, performance, access, trading opportunities, credit controls, and fault tolerance; US 10,878,502 B2; 12/29/2020; CPC G06Q 40/04; 19 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities.

PATENT: System and method of determining portfolio complexity; US 10,878,503 B2; 12/29/2020; CPC G06Q 40/06; 18 claims; assigned to American Financial, Inc.

ABSTRACT: A method includes determining a plurality of complexity scores. Each of the plurality of complexity scores corresponds to a particular underlying component of a plurality of underlying components of a portfolio. The complexity score of the particular underlying component is based on a complexity rating of the particular underlying component and a contribution level of the particular underlying component to the portfolio. The method also includes determining a complexity score of the portfolio based on the plurality of complexity scores of the plurality of underlying components.

PATENT: System and method for intraday liquidity analytics; US 10,878,515 B2; 12/29/2020; CPC G06Q 40/12; 20 claims; assigned to The Bank of New York Mellon.

ABSTRACT: A system for analyzing liquidity data for a client of a financial services provider includes processor(s), at the financial services provider, configured to execute computer program module(s). The modules are configured to receive a request from the client to generate a liquidity analysis based on client account(s), and, upon receiving the request, execute on the processors of the system, module(s) configured to aggregate liquidity data from a plurality of financial subsystems of the financial services provider as aggregated liquidity data. The aggregated data includes cash flows in transactions associated with the client accounts in one or more of the financial subsystems. The modules are further configured to execute on the processors, module(s) configured to generate a graphical depiction of at least a portion of the aggregated liquidity data over a time interval, based on the request, and transmit, for displaying on an electronic display at the client, the graphical depiction.

December 22, 2020

Total CPC G06Q Subclass (business methods) patents issued:  90

Financial industry business method patents reviewed herein:   10

PATENT: Machine initiated user status update system; US 10,872,321 B2; 12/22/2020; CPC G06Q 20/10; 8 claims; assigned to Bank of America Corporation.

SUMMARY: Embodiments of the present invention provide a system for distributed server data management. The system comprises a resource management server, which comprises a processor; a communication interface; and a memory having a database and a resource management server application stored therein. The resource management server application, when executed by the processor, causes the processor to receive, via a user device associated with a user, a request to manage a resource on behalf of a third party; recall historical data associated with the third party from the historical database; detect, via a data analytics engine, a potential future action of the user; and display, via a graphical interface, a recommended future action to the user.

PATENT: System and method for stand-in processing; US 10,872,323 B2; 12/22/2020; CPC G06Q 20/20; 12 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A system and method for stand-in processing are provided. The system includes a processor and a memory unit communicatively coupled to the processor. The memory unit is configured to store transaction data received from an acquirer corresponding to a transaction made by a payment card. The processor is configured to determine data representing a point of sale (POS) entry mode of the transaction from the transaction data and, using one or more stand-in rules provided by an issuer of the payment card, process the transaction on behalf of the issuer based on the data representing the POS entry mode. Processing includes approving or declining the transaction.

PATENT: Online transaction verification based on merchant-independent user geolocation; US 10,872,335 B1; 12/22/2020; CPC G06Q 20/401; 20 claims; assigned to Capital One Services LLC.

ABSTRACT: In certain embodiments, an online transaction is verified based on merchant-independent user geolocation. A geolocation of a user associated with the online transaction is obtained from a mobile device of the user by a transaction verifying entity separate and independent from a merchant entity with which the online transaction is initiated. A server associated with the transaction verifying entity determines a proximity of the geolocation of the user to a delivery address for verifying the online transaction. The server generates a verification message including an approval message based on the proximity of the geolocation to the delivery address being within a specified threshold. The server generates a verification message including a rejection message based on the proximity of the geolocation to a delivery address exceeding the specified threshold. The server sends the verification message to another server associated with the merchant entity to carry out the online transaction accordingly.

PATENT: Security and fraud prevention techniques based on detection of a transaction card in an image; US 10,872,344 B2; 12/22/2020; CPC G06Q 20/409; 20 claims; assigned to Capital One Services LLC.

ABSTRACT: In some implementations, a transaction card security system may detect a transaction card in an image, and may perform image processing to identify one or more character sequences or one or more designs that appear on the transaction card. The one or more character sequences or the one or more designs may identify an institution associated with the transaction card and/or a cardholder associated with the transaction card. The transaction card security system may identify the institution or the cardholder associated with the transaction card based on the one or more character sequences or the one or more designs, and may perform one or more actions relating to security of the transaction card based on detecting the transaction card in the image and identifying the institution or the cardholder associated with the transaction card.

PATENT: Transaction cards and computer-based systems that provide fraud detection at POS devices based on analysis of feature sets and methods of use thereof; US 10,872,345 B1; 12/22/2020; CPC G06Q 20/4093; 20 claims; assigned to Capital One Services LLC.

ABSTRACT: Transaction cards, systems and methods for performing fraud detection at POS devices based on analysis of feature sets are disclosed. In one embodiment, an exemplary transaction card may comprise one or more sensors configured to collect pre-card-use sensor data regarding a user of the card, circuitry that assembles such data into feature sets and performs fraud detection, and data storage.

PATENT: Systems and methods for providing intelligent electronic communications; US 10,872,369 B1; 12/22/2020; CPC G06Q 30/0631; 22 claims; assigned to Wells Fargo Bank, N.A.

FIELD: Embodiments of the present invention relate generally to notifications. In particular, the embodiments of the present invention relate to systems and methods for providing electronic communications.

PATENT: Customized lending product system and method; US 10,872,375 B1; 12/22/2020; CPC G06Q 40/025; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-implemented method includes providing an application form configured for electronic display and data entry, receiving loan application data via the form, and providing selectable lending product features based on the loan application data. The selectable lending product features include an approved range of selectable credit options. Each of the selectable credit options has a different associated amount of required collateral. The method also includes receiving feature selection data. The feature selection data includes a selection of at least one of the selectable credit options. The method further includes providing a customized lending product based on the feature selection data.

PATENT: Systems and computer-implemented processes for occupational risk assessment; US 10,872,376 B2; 12/22/2020; CPC G06Q 40/025; 20 claims; assigned to Capital One Services LLC.

ABSTRACT: Systems and methods are disclosed for determine creditworthiness based on the stability of the customer's occupation. Occupational risk scores may be used to group stable or unstable occupations and may be used in conjunction with other indicators of creditworthiness. Risk band scores may also be used to determine creditworthiness. Other aspects of the disclosed embodiments are described herein.

PATENT: Dynamic origination of capital pricing based on historical point-of-sale data; US 10,872,377 B2; 12/22/2020; CPC G06Q 40/025; 20 claims; assigned to Toast, Inc.

ABSTRACT EXCERPT: A system for dynamic origination of capital is provided. The system includes a rate processor, a revenue forecaster, and an offer processor. The rate processor is configured to perform a binary logistic regression on subscriber data and metrics derived from historical POS data corresponding to subscribers of a point-of-sale (POS) subscription service to generate logistic regression coefficients that are used to calculate probability of default (PD) values for each of the subscribers, and configured to employ new subscriber data and metrics to generate updated PD values for the each of the subscribers.

PATENT: Diverse options order types in an electronic guaranteed entitlement environment; US 10,872,378 B2; 12/22/2020; CPC G06Q 40/04; 23 claims; assigned to

NYSE Group, Inc.

ABSTRACT: An enhanced system and method for handling, matching and executing a diverse group of limit-priced orders in an electronic options environment is disclosed. Most of the order types disclosed are automatically repriced and reposted as the NBBO changes to increase their execution opportunities. Market maker entitlements are integrated with the order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when an order priced at or better than the NBBO is received. Once posted to the order book, the displayed price of an order may be eligible for preferential execution in a market maker entitlement process, regardless of whether the displayed price is original or has been automatically repriced.

December 15, 2020

Total CPC G06Q Subclass (business methods) patents issued:  103

Financial industry business method patents reviewed herein:   10

PATENT: Compliance management for emerging risks; US 10,867,268 B1; 12/15/2020; CPC G06Q 10/0635; 17 claims; assigned to Capital One Services, LLC.

ABSTRACT: Disclosed herein are system, method, and computer program product embodiments for identifying and managing emerging risks. Businesses, such as those participating in regulated industries, may need to regularly monitor enforcement actions that are cited in a variety of sources. Embodiments disclosed herein provide for scraping information from those sources and comparing it to existing risk events in order to determine possible discrepancies that should be assessed.

PATENT: Blockchain payment notification system; US 10,867,288 B1; 12/15/2020; CPC G06Q 20/10; 16 claims; assigned to Capital One Services, LLC.

ABSTRACT: A system and method for payment notification using blockchain. The system and method relate to real-time monitoring and updating of a list of accounts that have not satisfied a minimum payment amount due. The real-time monitoring and updating of the list occurs through the use of a blockchain monitoring payment information by a user to the account. The blockchain is continually updated every time a payment is made. A notification system receives each update and is aware, in real-time, whether a user has satisfied a minimum payment amount due and thus whether an account is current or in need of a collections notification.

PATENT: Systems and methods for point of sale deposits; US 10,867,289 B2; 12/15/2020; CPC G06Q 20/108; 17 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: The disclosed embodiments include systems and methods for executing a point of sale deposit. In one embodiment, a system may include one or more memory devices storing software instructions, and one or more processors configured to execute the software instructions to receive deposit information related to a point of sale deposit from a mobile device, and generate a deposit token retaining at least the deposit information and deposit authorization information.

PATENT: Image recognition-based payment requests; US 10,867,292 B2; 12/15/2020; CPC G06Q 20/32; 9 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: The present disclosure involves systems, software, and computer implemented methods for sending payment requests to one or more persons or entities based on images in which the persons or entities appear. In one example, the process may include identifying an image associated with a payment request, the identified image containing at least one recipient associated with the payment request, and wherein the payment request includes a value, analyzing the identified image to identify the at least one potential recipient of the payment request, identifying contact information associated with the at least one identified recipient of the payment request, and sending the payment request to the at least one identified recipient of the payment request via a destination associated with the identified contact information.

PATENT: Payment vehicle with on and off function; US 10,867,298 B1; 12/15/2020; CPC G06Q 20/382; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer system and method for enabling or disabling a payment vehicle at the request of a payment card holder from a remote device. The computer system comprises a computer having memory and a processor for processing input data received from a remote device. The input data comprises an instruction executable by the processor in a form of a text message or electronic mail received from the remote device, with the instruction to enable or disable a payment card of a payment card holder by changing the status of the payment card. An interactive remote interface computer software application is provided to the payment card holder for use on the remote or other device.

PATENT: Method and system for processing intraday risk parameters over a communications network; US 10,867,349 B2; 12/15/2020; CPC G06Q 40/04; 20 claims; assigned to FTEN, Inc.

ABSTRACT EXCERPTS: Example embodiments include a method and system for managing intraday risk conditions. Data transaction specific data messages transmitted over a data communications network from a plurality of source nodes trading an article of trade with a plurality of destination nodes are processed. The messages include account parameter information. Intraday risk condition data is associated in memory with entity identification data associated with an entity.

PATENT: Transactionally deterministic high speed financial exchange having improved, efficiency, communication, customization, performance, access, trading opportunities, credit controls, and fault tolerance; US 10,867,350 B2; 12/15/2020; CPC G06Q 40/04; 26 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities.

PATENT: Metadata-driven rules processing engine for order management system; US 10,867,351 B1; 12/15/2020; CPC G06Q 40/04; 16 claims; assigned to Morgan Stanley Services Group Inc.

ABSTRACT: An efficient, light weight framework executes business rules for an asset class-agnostic order management system. The business rules are specified in metadata configuration files separated from the rules execution engine. The metadata utilized by the rules engine also includes entity model and instructions for stateless orchestration to be performed during the process of rules execution. This metadata is automatically generated from human readable artifacts that capture business rules, entity model and orchestration steps in an easy to understand format.

PATENT: Methods and systems for maximizing share purchase under an employee stock purchase plan with limited payroll deductions; US 10,867,352 B2; 12/15/2020; CPC G06Q 40/04; 11 claims; assigned to Carver Edison, Inc.

FIELD: The present invention relates generally to employee stock purchase plans ("ESPP"), whether qualified or non-qualified, as defined by the IRS. More particularly, the present invention relates to systems and methods for providing a solution to allow employees to purchase the maximum number of shares under their ESPP with limited capital contributions from payroll deductions.

PATENT: Algorithmic trading; US 10,867,353 B2; 12/15/2020; CPC G06Q 40/06; 14 claims; assigned to CFPH, LLC.

ABSTRACT: Systems and methods of evaluating rules. Other embodiments are also described.

December 8, 2020

Total CPC G06Q Subclass (business methods) patents issued:  168

Financial industry business method patents reviewed herein:   10

PATENT: Method and system for providing multiple services via a point-of-sale portal architecture; US 10,860,997 B2; 12/8/2020; CPC G06Q 20/202; 20 claims; assigned to Visa U.S.A. Inc.

ABSTRACT EXCERPT: A secure point-of-sale (POS) portal architecture for delivering multiple services is provided. According to one exemplary aspect of the architecture, a number of services offered by various parties are integrated for delivery to merchants. The parties offering the services include, for example, payment processors and merchant acquirers and other external value-added service providers. The integrated services, in turn, are offered to merchants and/or their respective customers via one or more POS devices and its supporting system infrastructure at the merchant locations.

PATENT: Cloud-based transaction processing; US 10,860,999 B2; 12/8/2020; CPC G06Q 20/204; 23 claims; assigned to Tempus Technologies, Inc.

ABSTRACT: A peripheral controller implemented on a server facilitates a transaction initiated at a payment user interface (UI). The peripheral controller is configured to pair the payment UI with a peripheral device, which is configured to receive payment information from a user. The peripheral controller also is configured to communicate with a payment processing system to facilitate processing of a payment request.

PATENT: System and method for beacon based navigation to offer based transactions and beacon based digital transactions with multiple layer authentication; US 10,861,001 B2; 12/8/2020; CPC G06Q 20/3224; 19 claims; assigned to Visa International Service Association.

ABSTRACT: A system and method of interaction with beacons to execute a multiple layer authenticated transaction process including receiving a signal from the beacon, analyzing a relative signal strength of the beacon, enabling a portable computer device to complete the digital transaction based on the proximity of the portable computer device to an item for purchase. A first user verification input is additionally received via the portable computer system. In response to the first user verification, receiving a verification signal.

PATENT: One use wearable; US 10,861,004 B2; 12/8/2020; CPC G06Q 20/3278; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT: Disclosed embodiments include methods, systems, and computer-readable media configured to, for example, provide payment tokens for conducting transactions, as well as reprovisioning tokens, on wearable devices without Bluetooth.RTM. or other network connectivity beyond NFC radio.

PATENT: Multi-account payment card; US 10,861,007 B2; 12/8/2020; CPC G06Q 20/3572; 17 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method includes reading a card number from a payment device at a point of sale (POS) terminal. The method further includes transmitting a message from the POS terminal to a remote host computer, where the message includes the card number. Still further, the method includes receiving wallet data at the POS terminal from the host computer. The wallet data indicates a plurality of payment accounts associated with the card number. In addition, the method includes displaying the wallet data at the POS terminal and receiving a selection indication from a user at the POS terminal, where the selection indication is for selecting one of the payment accounts.

PATENT: System and method for optimizing cryptocurrency transactions; US 10,861,008 B2; 12/8/2020; CPC G06Q 20/378; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: In the disclosed transaction processing system, a system and method are described that increase the ease of access and use of different currency networks by consumers using customizable transaction devices. The customizable transaction devices may be re-programmed prior to or during a currency transaction in accordance with the consensus protocol of the currency network associated with the currency transaction. The currency network further includes one or more host devices, each of which include an interface configured to communicate with a transaction device for the purposes of re-programming a Field Programmable Gate Array (FPGA) of the transaction device according to one or more currency network consensus protocols. Optimizing the performance of transaction devices for proof-of-work or other consensus protocol processing decreases the latency associated with validating currency network transactions, thereby increasing the suitability of cryptocurrency for retail transactions.

PATENT: System and method for customizing real-time applications on a user interface; US 10,861,089 B2; 12/8/2020; CPC G06Q 40/00; 18 claims; assigned to Citibank, N.A.

SUMMARY: In some exemplary embodiments, various items of financial information from various sources within the financial institution can be presented simultaneously on a single display. In some exemplary embodiments, a user can conduct a financial transaction on a first widget while other widgets are simultaneously updated in real-time and remain viewable on the display. In some exemplary embodiments, the user can use a widget to conduct a financial transaction without all of the steps conventionally needed to perform that transaction. In some exemplary embodiments, the user can create a widget based upon a particular financial transaction. In some exemplary embodiments, customized widgets on one touchpoint device can be viewed in a similar or the same layout on a user interface on another touchpoint device.

PATENT: Asynchronous computational engine; US 10,861,094 B1; 12/8/2020; CPC G06Q 40/04; 18 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT: A method includes retrieving a first dataset at a first frequency from a memory, the first dataset associated with a plurality of data objects; calculating at the first frequency and based on the first dataset, a first component for each of the data objects; retrieving a second dataset at a second frequency from the memory, the second dataset associated with the plurality of data objects; calculating at the second frequency and based on the second dataset, a second component for each of the data objects; weighting at one of the first or second frequencies, the first component by the second component for each of the data objects; calculating at one of the first or second frequencies, an asynchronous multi-component index based on the weighted first component; and generating at least one asynchronous multi-component index data object having a value that is determined from the calculated asynchronous multi-component index.

PATENT: Systems and methods for an automated electronic networked central clearinghouse for clearing and reversing reversible exchanges of non-fungible digital assets; US 10,861,095 B1; 12/8/2020; CPC G06Q 40/04; 20 claims; assigned to Mythical, Inc.

FIELD: The present disclosure relates to systems and methods for controlling an automated electronic networked central clearinghouse for clearing and reversing reversible exchanges of digital assets.

PATENT: System and method for configuring payment coupon processing; US 10,861,104 B1; 12/8/2020; CPC G06Q 40/12; 11 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-implemented system and method configure a payment processing system to interpret image data from scanned payment coupons. A screen display is generated for presentation to a recipient of payments, such as a business. The screen display shows a sample payment coupon. Configuration information is received that is generated based on user inputs. The user inputs designate a region of the sample payment coupon and define how scanned information in the designated region is to be interpreted.

December 1, 2020

Total CPC G06Q Subclass (business methods) patents issued:  162

Financial industry business method patents reviewed herein:   10

PATENT: Method and system for exchange of value or tokens between blockchain networks; US 10,853,772 B2; 12/1/2020; CPC G06Q 20/0658; 19 claims.

FIELD: The present invention relates to Value Token Transfer Protocol (VTTP), a protocol for exchange of value or tokens within and between blockchain networks.

PATENT: Computing systems for proximity-based fees; US 10,853,775 B1; 12/1/2020; CPC G06Q 20/102; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: In an example, a method includes determining, by a computing device, a proximity of a user to a point of interest. The method also includes determining, by the computing device, a fee to the user based on the proximity of the user to the point of interest, where the fee varies based on the proximity of the user to the point of interest. The method also includes initiating, by the computing device, an electronic transaction based on the fee.

PATENT: Systems and computer-implemented processes for analyzing and determining the value of switching accounts; US 10,853,874 B2; 12/1/2020; CPC G06Q 40/02; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: The disclosed embodiments include systems and methods for customer account switching valuation. The disclosed embodiments include a customer account switching valuation computer system that includes a storage device storing instructions and a processor configured to execute the instructions in the storage device. In one aspect, the system may receive, from a client computer associated with a customer, a response to an offer to switch an existing account to a new account and collect, based on the response, account information relating to the existing account.

PATENT: Lean level support for trading strategies; US 10,853,877 B2; 12/1/2020; CPC G06Q 40/04; 24 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Certain embodiments of the present invention provide techniques for lean level support for a trading strategy. According to certain embodiments, the support for a price level under consideration as a lean level is determined based at least in part on quantity available at the price level.

PATENT: Pairs trading system and method; US 10,853,878 B2; 12/1/2020; CPC G06Q 40/04; 11 claims; assigned to NYSE Group, Inc.

ABSTRACT: A trading platform adapted for pairs trading of unrelated securities from one or more asset classes using a single order approach is provided.

PATENT: Systems and methods for reducing data lookups within a set of queues. US 10,853,879 B2; 12/1/2020; CPC G06Q 40/04; 43 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT: A computer implemented method for aggregating quantities associated with messages includes: generating an implied message for an object based on two constituent messages, wherein the implied message is associated with a value based on the values of the constituent messages, a priority that is equivalent to the lower of the priorities of the constituent messages, and a quantity that is equivalent to the lesser of the quantities of the constituent messages, receiving third and fourth messages, increasing the quantity of the implied message based on the received messages, and upon an occurrence of a match event involving the implied message, automatically allocating all of the quantity of the implied message for matching during the match event before allocating any of the quantity associated with the third message for matching during the match event.

PATENT: Trade exchange system and method; US 10,853,880 B2; 12/1/2020; CPC G06Q 40/04; 27 claims; assigned to Trade Exchange Group.

ABSTRACT: A trade exchange system and method provide transparency and accountability for each idea producer and each follower of each idea producer with respect to trades executed based on a trade idea circulated by the idea producer. The trade exchange system and method may use application-programming interfaces (APIs) to gather data from a brokerage entity in order to verify the trades executed in response to the trade idea by the idea producer and the follower.

PATENT: Systems and methods for a virtual cash register; US 10,853,886 B1; 12/1/2020; CPC G06Q 40/12; 28 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Systems, methods, and apparatuses for detecting, capturing, and tracking financial transactions are provided. A method of detecting, capturing, and tracking includes registering, by a user device, a virtual cash register with the user device, wherein the registration includes associating the virtual cash register with a financial account; detecting, by the virtual cash register via the user device, a potential financial transaction using at least one of paper and coin currency; extracting, by the virtual cash register via the user device, financial transaction data regarding the potential financial transaction; generating, by the virtual cash register, a report regarding the financial transaction data; and providing, by the virtual cash register, the report to a predefined location.

PATENT: Social media transaction visualization structure; US 10,853,890 B2; 12/1/2020; CPC G06Q 50/01; 21 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A database containing transaction data from at least one entity which makes payments with a payment network is maintained. Social network activity data from a social network is obtained for the at least one entity which makes payments with the payment network. The social network activity data and given records of the transaction data are integrated, to obtain integrated social media transaction visualization data. Techniques for providing purchase recommendations are also disclosed.

PATENT: Information display and analysis system, computer implemented method, and non-transitory computer-readable data storage medium; US 10,853,895 B1; 12/1/2020; CPC G06Q 50/16; 15 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Information analysis and display systems and methods include receiving first financial information regarding a user, and calculating a target home price based on the received financial information. A user interface display is generated that displays the target home price, and modifications to the target home price from the user are received via the user interface. Homes for sale are evaluated based on the target price.

November 24, 2020

Total CPC G06Q Subclass (business methods) patents issued:  189

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for securing cryptocurrency purchases; US 10,846,663 B2; 11/24/2020; CPC G06Q 20/065; 20 claims; assigned to Cornell University.

SUMMARY: Illustrative embodiments of the invention provide systems and methods for securing purchases of Bitcoin, Ethereum or other types of cryptocurrency via credit card, debit card or other purchasing mechanisms. These and other embodiments can advantageously facilitate more widespread usage of cryptocurrencies such as Bitcoin and Ethereum, as well as numerous other types of cryptocurrencies.

PATENT: System and method for mobile check deposit with restricted endorsement; US 10,846,667 B1; 11/24/2020; CPC G06Q 20/108; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-implemented method includes receiving, from a mobile device, a deposit request including a first check image for funds to be deposited into a user account, determining a risk level associated with the deposit request, requesting a second check image having a restricted endorsement based on the risk level, receiving the second check image having the restricted endorsement, determining a confidence level based on the restricted endorsement, and transferring the funds to the user account based on the confidence level.

PATENT: System and method for a mobile wallet; US 10,846,687 B1; 11/24/2020; CPC G06Q 20/367; 21 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A computer-implemented system and method includes determining the locations of a user of a mobile device and a merchant, comparing the locations to ensure a match, receiving from the user's mobile device an identification number associated with the user's stored value card, receiving an identifier generated by a financial institution, the identifier being embedded in a code displayable on the mobile device, and transmitting an indication that the transaction has been completed, the transaction being completed based on the identifier and based on the match.

PATENT: Instant bank account verification through debit card network; US 10,846,789 B2; 11/24/2020; CPC G06Q 40/02; 20 claims; assigned to PayPal, Inc.

ABSTRACT: A bank account can be authenticated or confirmed by a user providing an account number and a debit card number. The payment provider then obtains user account information from the bank through a debit card network. The payment provider authenticates the account if the account numbers match. In another embodiment, authentication further requires a portion of a current bank balance in the account provided by the user to match the current balance received from the bank.

PATENT: Prepaid load with account linking; US 10,846,790 B2; 11/24/2020; CPC G06Q 40/02; 10 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Embodiments of the present invention relate to linking a prepaid account with a payment account used to fund the prepaid account. In some embodiments, during payment for a prepaid device, an authorization request message may include a prepaid account identifier associated with the prepaid account. In some embodiments, an activation request message may include a payment account identifier associated with the payment account.

PATENT: Systems and methods for providing closed-end loans; US 10,846,793 B1; 11/24/2020; CPC G06Q 40/025; 20 claims; assigned to Greensky, LLC.

ABSTRACT: In an example implementation, a method includes receiving, at a computing device, borrower information, requested financing plan information, and credit bureau information relating to a particular borrower. Likewise, a method includes processing at least one of the received information to identify a subset of lenders as potential candidates to approve a loan for the particular borrower and generate an offer of the loan for the borrower. Further, the method includes performing a portfolio assignment process and generating electronic documents relating to the loan following the borrower's acceptance of the offer. Finally, the method includes sending an offer of the loan to a borrower and, upon receipt of the borrower's acceptance, transmitting the loan documents to the borrower.

PATENT: Systems, methods, and computer products for directing cash flows associated with mortgage-backed securities; US 10,846,794 B1; 11/24/2020; CPC G06Q 40/04; 20 claims; assigned to Federal Home Loan Mortgage Corporation.

ABSTRACT: Systems, methods, and computer program products are provided for directing cash flows associated with a mortgage-backed security to back other securities without collapsing the original mortgage-backed security. A mortgage-backed security/an/or a set of loans is analyzed to identify cash flows from mortgages having specific desirable characteristics, and the cash flows are directed to subgroups or pools that support new mortgage-backed securities. The new securities make the desirable cash flows available to an issuer or prospective investor without collapsing the original mortgage-backed security.

PATENT: Order book management device in a hardware platform; US 10,846,795 B2; 11/24/2020; CPC G06Q 40/04; 22 claims; assigned to Enyx SA.

ABSTRACT: An order management device and method of implementing that device in an integrated circuit. The order management device including a memory having a first and second data structure. The first data structure stores orders associated with a set of P limits. The second data structure includes the limits in a list of N limits that are not contained in the subset P, the entries in the second data structure being allocated dynamically. A first management core processes input commands related to an order, updates the first data structure and generates at least one update command to be sent to a second management core. The second management core updates the second data structure in response to the update. The first management core processes input commands independently of the update command processing by the second processing core.

PATENT: Computer-implemented methods and computer systems for an electronic financial platform; US 10,846,796 B2; 11/24/2020; CPC G06Q 40/04; 12 claims; assigned to Green Key Technologies, LLC.

FIELD: In some embodiments, the instant inventions is related to computer-implemented methods and computer systems for an electronic financial platform for trading, such as, but is not limited to, trading of commodities, trading assets, trading financial instruments (stocks, bonds, swaps, ETFs, currencies, etc.), etc.

PATENT: In-line FIX packet translator; US 10,846,797 B2; 11/24/2020; CPC G06Q 40/04; 18 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Certain embodiments provide systems and methods to perform in-line translation of message content according to FIX protocol variants in a trading system. An example method includes receiving, at a computing device, a message formatted according to a FIX protocol, the message including message content and a message wrapper, the message wrapper providing session and delivery information for the message to a target.

November 17, 2020

Total CPC G06Q Subclass (business methods) patents issued:  154

Financial industry business method patents reviewed herein:   10

PATENT: Dynamic offers on accounts; US 10,839,366 B2; 11/17/2020; CPC G06Q 20/227; 20 claims; assigned to Visa International Service Association.

ABSTRACT: The payment information may include the offers that are available on each of the plurality of payment accounts that are available to a user. In some embodiments, the payment accounts may be from separate issuers. The offers may be communicated to a user or a use may set preferences for a ranking scheme to be used and the best offer may be automatically applied by selecting to use the payment device related to the best offer.

PATENT: Dynamic electronic communication with variable messages using encrypted quick response codes; US 10,839,369 B1; 11/17/2020; CPC G06Q 20/3276; 17 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A first client device can be in communication with a server. The server can store in a database records associated with a first user account and a second user account. The first user can scan a code printed on an object. The first client device can read the code and transmit it to the server. The server can activate a default message when it receives the code. The first user can pass the object to a second user. The second user can scan the physical object at a second client device.

PATENT: Passing payment tokens through an HOP / SOP; US 10,839,374 B2; 11/17/2020; CPC G06Q 20/36; 14 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Embodiments of the invention are directed to methods, a computer-readable medium, servers and systems for enabling merchants to pass payment tokens, instead of actual payment information, to third party HOPs and SOPs. This, for example, enables a merchant to charge a consumer, such as on a recurring basis or for a one-off purchase, without having the consumer enter payment information each time and without the merchant actually having to handle payment information.

PATENT: Mobile wallet registration via store location; US 10,839,376 B1; 11/17/2020; CPC G06Q 20/363; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A method for separately registering a user and a mobile device for use of a mobile wallet account includes registering, by a registration terminal of a mobile wallet provider, a user for use of the mobile wallet account, including assigning one or more user-provided settings to the mobile wallet account.

PATENT: Blockchain including linked digital assets; US 10,839,379 B2; 11/17/2020; CPC G06Q 20/38; 25 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A blockchain includes different digital assets, including digital tradeable tokens and inventory tokens. The blockchain may implement a transaction type that includes both digital tradeable tokens and the inventory tokens. The digital tradeable tokens and inventory tokens may be associated with physical assets that can be uniquely identified and are intended to be fungible with each other. The validation rules of the blockchain may rely upon quantities of the digital tradeable token and inventory tokens satisfying a predetermined relationship.

PATENT: System and platform for execution of consolidated resource-based action; US 10,839,454 B2; 11/17/2020; CPC G06Q 40/02; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the present invention provide a system for execution of consolidated resource-based actions. A plurality of disparate databases may be monitored and resources from these disparate databases can be aggregated or otherwise consolidated to a consolidated resource database. A request can be received from a computing device of the user, where the request includes request parameters that provide structure and specificity to the request.

PATENT: Method and apparatus for a fair exchange; US 10,839,456 B2; 11/17/2020; CPC G06Q 40/04; 22 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: A fair exchange is disclosed to reduce potential inequities in an electronic trading environment. Market data is sent from a host system to client devices through one or more synchronized local communication servers such that the data can be displayed simultaneously or nearly simultaneously at each client device. Market data sent to client devices might include price information.

PATENT: Deterministic and efficient message packet management; US 10,839,457 B2; 11/17/2020; CPC G06Q 40/04; 9 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Methods, devices, and systems for facilitation of deterministic management of a plurality of electronic message packets communicated to an application via a network from a plurality of message sources. The facilitation involves an electronic message packet from the network, determining data indicative of order the electronic message packet was received relative to previously received electronic message packets, and providing the order to the application.

PATENT: Electronic market message management using priority determination; US 10,839,458 B2; 11/17/2020; CPC G06Q 40/04; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing actions associated with respect to the orders and matching orders to counter orders. Matching orders may be based on a priority determined using a market quality index of the order and an associated market participant.

PATENT:  Electronic market message management of temporally specific messages; US 10,839,459 B2; 11/17/2020; CPC G06Q 40/04; 39 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing actions associated with respect to the orders. The actions in the electronic trading system may have times specified within the electronic message for the action to be executed.

November 10, 2020

Total CPC G06Q Subclass (business methods) patents issued:  194

Financial industry business method patents reviewed herein:   10

PATENT: Translating data signals between a frontend interface and a backend server; US 10,832,229 B2; 11/10/2020; CPC G06Q 20/027; 22 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A data signal translation device for translating a data signal between a frontend interface and a backend server that is in communication with a processing network is described. Additionally, a method and a computer-readable storage medium for translating a data signal between a frontend interface and a backend server that is in communication with a processing network are described.

PATENT: Protocol to secure electronic transactions using two way handshakes; US 10,832,244 B1; 11/10/2020; CPC G06Q 20/40145; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Methods and systems as described herein may secure the electronic transfer of assets using two-way handshakes. A second device may initialize a transaction by transmitting a transaction request and a second biometric identifier to a first device. The first device may receive the transaction request and review the second biometric identifier. When the first device recognizes the second biometric identifier, the second biometric identifier may be approved. The first device then transmits a response, that includes a first biometric identifier, to the second device, via a server that may record the first device's approval. The second device may confirm the identity of the first device using the first biometric identifier. When the second device approves the first biometric identifier, the second device may transmit an approval to the server. After the server has received approval of both biometric identifiers, the server may execute the requested transaction.

PATENT: Behavioral analysis for smart agents; US 10,832,251 B1; 11/10/2020; CPC G06Q 20/405; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A system and computer-readable storage medium perform a method for contextual inferring capacity for triggering a financial transaction by monitoring, via user device(s), objective contextual data of location, temporal, and volitional transaction information associated with an authorized user of a financial system. Subjective contextual data of personal calendar events, physiological data, and pacing of user interactions with the user device(s) is monitored. The objective and subjective contextual data is analyzed to create scenario(s) correlated with performing a volitional transaction. If not predictive a volitional transaction, a layer of security protocol is added for authentication prior to executing the volitional transaction.

PATENT: Systems and methods for understanding and solving customer problems by extracting and reasoning about customer narratives; US 10,832,255 B2; 11/10/2020; CPC G06Q 30/016; 22 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Consistent with the disclosed embodiments, systems and methods are provided herein for autonomously responding to customer problems. In one example implementation, a system performing a method is provided. The system may receive a customer utterance associated with a customer and define, based on the customer utterance, a first customer narrative comprising a first customer goal. The system may also determine whether the first customer narrative is sufficient to identify a first customer problem corresponding to at least a first problem of a plurality of problems.

PATENT: Computer-based systems and platforms and computer-implemented methods configured for tracking data objects' behaviours and utilizing graphical user interface elements to execute numerous electronic activities with a single instruction; US 10,832,318 B1; 11/10/2020; CPC G06Q 40/02; 19 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods involving computer-based processing for helping customers meet their minimum spend requirement for their introductory credit card offer are disclosed. In one embodiment, an exemplary computer-implemented method may comprise: receiving a total spending amount of a promotional credit card associated with an introductory credit card offer; determining a critical amount to satisfy the minimum spending amount of the promotional credit card; and causing to present a reminder on a screen of a user-associated computing device.

PATENT: Apparatus, method and system for providing an electronic marketplace for trading credit default swaps and other financial instruments, including a trade management service system; US 10,832,321 B2; 11/10/2020; CPC G06Q 40/04; 57 claims; assigned to GFI Group, Inc.

ABSTRACT: A method and system for providing integrated credit derivative brokerage services, the method or system including or using a credit trading arrangement, a credit trade capture arrangement, a trade management service arrangement to process trade data for the credit trading arrangement and the credit trade capture arrangement, and a central repository arrangement to store market data and shared reference data.

PATENT: Automated trading system in an electronic trading exchange; US 10,832,322 B2; 11/10/2020; CPC G06Q 40/04; 35 claims; assigned to DCFB LLC.

ABSTRACT EXCERPT: An electronic exchange system network includes a trader site having an automated trading system capable of submitting orders and/or quotes to an exchange site. The automated trading system determines whether an order or quote should be submitted based on, for example, the current market price of an option and theoretical buy and sell prices. The theoretical buy and sell prices are derived from, among other things, the current market price of the security underlying the option. The theoretical buy and sell prices are calculated when underlying factors that contribute to the theoretical prices change. Computation times of the theoretical prices may be reduced by using precalculated values and/or using interpolation and extrapolation.

PATENT: Darkpool matching of orders with price discretion; US 10,832,324 B2; 11/10/2020; CPC G06Q 40/04; 19 claims; assigned to CFPH LLC.

ABSTRACT EXCERPT: Various embodiments are directed to systems and methods for processing a discretion order in a dark pool matching environment. A first order to buy or sell a trading product is received from a computer of a first trader. The first order has a first price and a first size. A second order to buy or sell the trading product that is contra to the first order is received from a second trader. The second order defines a second quantity and a price range of possible prices at which the second order can be executed. The price range comprises at least a second price.

PATENT: System, method, and apparatus for providing a prediction-based marketplace; US 10,832,325 B2; 11/10/2020; CPC G06Q 40/04; 7 claims.

ABSTRACT: Provided is a system, method, and apparatus for implementing a prediction-based marketplace. For example, the system may include one or more processing units operable to: receive a prediction for an outcome of an event from a seller, determine a price to offer the prediction for sale to the buyer, provide the prediction to a buyer, receive an indication by the buyer to purchase the prediction, process a payment from the buyer to purchase the prediction, determine the actual outcome of the event that is predicted, compare the actual and predicted outcomes of the event; and distribute the payment in a manner so that the buyer and seller each receive a portion of the payment based on the comparison of the actual and predicted outcomes.

PATENT: System for and a method of transmitting data in a central trading system; US 10,832,326 B2; 11/10/2020; CPC G06Q 40/06; 20 claims; assigned to Nasdaq Technology AB.

ABSTRACT: A user terminal for communicating with a computer server is operated on behalf of a first user (a second user terminal is operated on behalf of a second user). The user terminal transmits to the computer server pre-trade information including an order and receives first offset information that indicates a first price offset value, which is different from a second price offset value sent to the second user terminal. The terminals receive a single message from the server that indicates a market price but does not include the first price offset value or the second price offset value. The user terminal modifies the market price using the first price offset value to obtain a first actual price different from a second actual price corresponding to a modification of the market price based on the second price offset value.

November 3, 2020

Total CPC G06Q Subclass (business methods) patents issued:  159

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for tracking-based transactions; US 10,824,983 B1; 11/3/2020; CPC G06Q 10/0833; 21 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Methods and systems of completing tracking-based transactions are disclosed. A financial institution computing system includes a customer database retrievably storing information relating to a plurality of financial accounts, a tag database retrievably storing information relating to a plurality of tags, a network interface circuit, and a transaction circuit. The transaction circuit receives a transaction request with at least one tag relating to an order of goods from a seller computing system. A transaction schedule is generated based on the transaction request and customer information in the customer database, and is stored in the tag database. The transaction circuit receives tag data corresponding to physical movement of the order of goods and performs at least one transaction pursuant to the transaction schedule based on received tag data.

PATENT: Method and system for large transfer authentication; US 10,825,003 B2; 11/3/2020; CPC G06Q 20/1085; 12 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Embodiments disclosed herein generally related to a system and method for authenticating a transfer request. A computing system receives a transfer request from a client device. The computing system determines that the monetary amount specified in the transfer request exceeds a threshold. The computing system identifies an automated teller machine (ATM) based on at least location information associated with a user of the client device. The computing system prompts the user to authenticate the transfer request at the identified ATM by transferring a message to the client device to be displayed thereon.

PATENT: Banking system using a wearable device for delivering virtual currency; US 10,825,004 B1; 11/3/2020; CPC G06Q 20/1085; 26 claims.

ABSTRACT: An automated banking machine includes at least one reader that is operative to read indicia from data bearing items that is usable to identify financial accounts. The machine further includes at least one input device, a cash dispenser and a controller. The controller is operative to cause a determination that the read indicia corresponds to a user financial account upon which a transaction is authorized to be conducted through the machine. Responsive at least in part to the determination and at least one transaction selection input corresponding to a dispense of at least one virtual item of value, the controller is operative to cause the user to be provided with a virtual item of value having no physical constituents, but that is perceivable visually through at least one display of a wearable device worn by the user, which wearable device enables the user to visually perceive simultaneously physical surroundings in a direct field of view of the user and visual outputs through at least one display of the wearable device. The wearable device is also operative to enable the user to visually and audibly perceive a service representative.

PATENT: Banking system for carrying out a sought transaction/sought product associated with a transaction/product parameter using a mobile device; US 10,825,005 B1; 11/3/2020; CPC G06Q 20/1085; 24 claims.

ABSTRACT EXCERPT: An automated banking machine is operable responsive at least in part to read user data to cause financial transfers. The machine is associated with at least one wireless interface and at least one controller. The controller is operable to cause the wireless interface to receive at least one wireless communication from a nearby user mobile device, which communication indicates a sought transaction function (such as the provision of cash) and a sought transaction parameter associated with the sought transaction function (such as a transaction fee below a threshold).

PATENT: Computerized method and system for scale trading; US 10,825,086 B2; 11/3/2020; CPC G06Q 40/00; 23 claims; assigned to Interactive Brokers LLC.

ABSTRACT EXCERPT: Disclosed embodiments include computer-implemented methods and systems that permit a market participant to automatically scale a block order into relatively smaller, incrementally priced scale trade component orders based on scale order parameters (such as price and size) provided by the market participant. The scale orders may continue automatically, without the need for further intervention from the market participant, until the total number of shares specified by the market participant is accumulated or sold.

PATENT: Systems and methods for performing a purchase transaction using rewards points; US 10,825,087 B2; 11/3/2020; CPC G06Q 40/00; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: A system and method for performing a purchase transaction using rewards points by receiving a purchase request using a financial account with associated account information, determining based on the account information that the financial account is associated with a rewards program with rewards points, and providing the option to pay for the purchase using the financial account or at least a portion of the rewards points. The purchase may be paid for using rewards points from multiple rewards programs and/or multiple financial accounts.

PATENT: Error detection and recovery in an electronic trading system; US 10,825,089 B2; 11/3/2020; CPC G06Q 40/04; 26 claims; assigned to BGC Partners, Inc.

ABSTRACT EXCERPT: A system for error detection in a trading network comprises a memory operable to store a plurality of trader profiles, wherein a particular trader profile is associated with a particular trader. The particular trader profile comprises first contact data associated with a first client device and second contact data associated with a second client device. The memory is further operable to store at least one trading order associated with the particular trader. The system further comprises a processor communicatively coupled to the memory and operable to detect an alert associated with the first client device.

PATENT: Rarity trading legacy protection and digital convergence platform; US 10,825,090 B2; 11/3/2020; CPC G06Q 40/04; 16 claims; assigned to Liquid Rarity Exchange, LLC.

ABSTRACT: A trading platform network for rarities is provided. The network includes at least one raritymine, an online merchandising convergence, and input from a robo-rarity trading data stream. According to this aspect, rarityminers are enabled to view virtual three-dimensional depictions of rarity assets contained in the at least one raritymine and buy and sell raritybits. A rarities trading exchange toolkit which includes the trading platform network and a rarity system is also provided.

PATENT: Method of creating and maintaining multi-manager exchange traded funds; US 10,825,091 B2; 11/3/2020; CPC G06Q 40/04; 11 claims; assigned to Russell Investments Group, LLC.

ABSTRACT: Systems and methods for creating and maintaining multi-manager exchange traded funds. An embodiment of a method includes receiving a plurality of model portfolios, each created by a different portfolio manager and identifying a plurality of assets traded on a stock exchange. A portfolio composition file is created based at least in part on at least a portion of the model portfolios. The portfolio composition file identifies a set of constituent assets traded on the stock exchange. One or more authorized participants are authorized to trade the set of constituent assets for a creation unit of an exchange traded fund. The creation unit includes at least one share that is tradable on the stock exchange by both the authorized participant(s) and the investors.

PATENT: User interface for planning tool; US 10,825,092 B1; 11/3/2020; CPC G06Q 40/06; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Various examples are directed to systems and methods for interfacing between a user and a computing device. The computing device may receive data describing a projected periodic savings amount and first expense data describing a first expense of the user. The computing device may display a graphical user interface at a display. The graphical user interface may comprise a savings shape having a size based at least in part on the projected periodic savings amount and a first expense shape having a size based at least in part on the first amount. The computing device may receive an instruction to place the first expense shape in the savings shape and may determine that the projected periodic savings amount is sufficient to fund the first expense at a first time. The computing device may display, at the graphical user interface, the first expense shape positioned within the savings shape.

October 27, 2020

Total CPC G06Q Subclass (business methods) patents issued:  169

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain-based supply chain smart recall; US 10,817,829 B2; 10/27/2020; CPC G06Q 10/0837; 23 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: A method for executing a smart recall of a plurality of manufactured units is provided. The method may include, inter alia, using a database architecture to administer a supply chain for the units, assigning each component of the units a distributed ledger (blockchain) identification (ID), and additional pieces of information such as a serial number of the component, a date of manufacture of the component, a location of manufacture of the component, an ID associated with the source of the component, and/or the ID(s) of one or more subcomponent unit(s) of the component.

PATENT: System for executing, securing, and non-repudiation of pooled conditional smart contracts over distributed blockchain network; US 10,817,852 B2; 10/27/2020; CPC G06Q 20/065; 15 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the present invention provide a system for executing, securing, and non-repudiation of pooled conditional smart contracts over a distributed blockchain network. In particular, the system may receive an instrument request from a beneficiary entity, where the instrument request includes an instrument amount. The system can then identify a lead contribution amount that a lead entity is willing to provide to meet a portion of the instrument amount. A set of supporting entities can be identified as willing to provide supporting contribution amounts to meet the remainder of the instrument amount.

PATENT: System and method for increasing credit worthiness of account holders; US 10,817,935 B1; 10/27/2020; CPC G06Q 40/025; 16 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: The invention relates to a digital card comprising: a memory that stores data associated with an account and a user; a sensor that detects a user's fingerprint to identify the user; a display on the digital card that displays an identification associated with the user and a card number upon activation of the digital card responsive to the user's fingerprint; a microprocessor, coupled to the memory, sensor and the display, programmed to perform the following: monitor spend activity on the digital card; determine the user's credit worthiness based at least in part on the monitored spend activity; and automatically update the display on the digital card responsive to the user's credit worthiness and spend activity.

PATENT: Method and system for internal matching; US 10,817,937 B1; 10/27/2020; CPC G06Q 40/04; 11 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: A system and method for internal matching of electronic trading orders is provided. Orders for electronic trading are reviewed for potential matches in an internal order book of an internal matching system. If no potential matches are available, the order is listed on both the internal order book for the internal matching system and on the book of orders for the electronic exchange. If a potential match is available, the order is tentatively matched with a resting order on the internal order book.

PATENT: Systems and methods for routing trading orders; US 10,817,938 B2; 10/27/2020; CPC G06Q 40/04; 10 claims; assigned to BGC Partners, Inc.

ABSTRACT: Systems and methods are provided for routing trading orders. The system determines that a first trading entity disclosed to the trading platform a reserve quantity of a first trading order received from the first entity. The system determines that a second trading entity did not disclose a reserve quantity of a second trading order received from the second trading entity. The system receives a third trading order. The system preferences the first trading entity over the second trading entity in the routing of trading orders, e.g., by routing the third trading order to the first trading entity.

PATENT: Interprogram communication using messages related to groups of orders; US 10,817,939 B2; 10/27/2020; CPC G06Q 40/04; 17 claims; assigned to CFPH, LLC.

ABSTRACT: A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described.

PATENT: Modeling asset transfer flow relationships discovered in unstructured data; US 10,817,941 B2; 10/27/2020; CPC G06Q 40/04; 20 claims; assigned to IBM.

ABSTRACT: Mechanisms are provided for performing an analysis of content based on a flow of property between entities. The mechanisms analyze a corpus of unstructured documents to identify one or more asset transfer flow relationships between entities. The mechanisms generate an asset transfer flow model defining a flow of an asset between entities based on the one or more asset transfer flow relationships between entities. The mechanisms input the asset transfer flow model into an analysis engine for use in analyzing content. The mechanisms analyze the content using the asset transfer flow model to generate results of the analysis and output the results of the analysis based on the asset transfer flow model.

PATENT: System and method for managing trading using alert messages for outlying trading orders; US 10,817,942 B2; 10/27/2020; CPC G06Q 40/04; 20 claims; assigned to BGC Partners, Inc.

ABSTRACT EXCERPT: According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, electronic data including buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by electronically determining whether the particular trading order differs from at least one comparison price by more than a threshold value.

PATENT: Method and apparatus for message flow and transaction queue management; US 10,817,944 B2; 10/27/2020; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Management of transaction message flow utilizing a transaction message queue. The system and method are for use in financial transaction messaging systems. The system is designed to enable an administrator to monitor, distribute, control and receive alerts on the use and status of limited network and exchange resources. Users are grouped in a hierarchical manner, preferably including user level and group level, as well as possible additional levels such as account, tradable object, membership, and gateway levels. The message thresholds may be specified for each level to ensure that transmission of a given transaction does not exceed the number of messages permitted for the user, group, account, etc.

PATENT: Multi-asset portfolio simulation (MAPS); US 10,817,947 B2; 10/27/2020; CPC G06Q 40/06; 28 claims; assigned to Intercontinental Exchange Holdings, Inc.

ABSTRACT: An exemplary system according to the present disclosure comprises a computing device that in operation, causes the system to receive financial product or financial portfolio data, map the financial product to a risk factor, execute a risk factor simulation process involving the risk factor, generate product profit and loss values for the financial product or portfolio profit and loss values for the financial portfolio based on the risk factor simulation process, and determine an initial margin for the financial product. The risk factor simulation process can be a filtered historical simulation process.

October 20, 2020

Total CPC G06Q Subclass (business methods) patents issued:  181

Financial industry business method patents reviewed herein:   10

PATENT: Volume control for mass quote messages; US 10,810,661 B2; 10/20/2020; CPC G06Q 40/00; 19 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods are provided for processing mass quote messages and generating market data. A mass quote message is received and individual orders are parsed and processed. Individual market data messages are stored in a market data message buffer. After all orders are processed, the contents of the market data message buffer is distributed as a single market data message.

PATENT: Item processing exception configurable pipeline; US 10,810,664 B2; 10/20/2020; CPC G06Q 40/02; 15 claims; assigned to Bank of America Corporation.

SUMMARY: In one aspect, the present invention embraces a computerized system, and an associated method and computer program product, for resolving item-processing exceptions. The system typically includes a processor and a memory. The system also typically includes an exception resolution module stored in the memory and executable by the processor.

PATENT: Apparatus, method and system for a versatile financial mechanism and transaction generator and interface; US 10,810,666 B2; 10/20/2020; CPC G06Q 40/04; 21 claims; assigned to Hybridarts LLC.

ABSTRACT EXCERPT: Versatile Financial Mechanisms and Transactions Generators and Interfaces (VFMTGI) involve the creation of effective apparatuses, methods, and systems for solutions to create and/or leg complex versatile financial mechanisms. The VFMTGI facilitates user removal of significant transactional risk exposure as the methods, systems and apparatuses facilitate user data entry into spreads that represent alternative futures. Aspects of an implementation of the VFMTGI facilitate investor execution and completion of multiple financial transactions, simultaneously, as a single transaction.

PATENT: System and method for providing security to a game controller device for electronic trading; US 10,810,667 B2; 10/20/2020; CPC G06Q 40/04; 18 claims; assigned to BGC Partners, Inc.

ABSTRACT: A system for managing electronic trading, comprises an interface application including a mapping module that defines a plurality of controller signal relationships. Each controller signal relationship associates one or more of a plurality of game controller signals with one of a plurality of trading system commands associated with the electronic trading of financial instruments. The interface application receives a plurality of game controller signals generated by a game controller, and determines, based on the controller signal relationships, that one or more of the plurality of received game controller signals are erroneous. The interface application causes the communication of a command to lock the game controller based on the determination of the one or more erroneous game controller signals.

PATENT: Automated trading system in an electronic trading exchange; US 10,810,668 B2; 10/20/2020; CPC G06Q 40/04; 41 claims; assigned to DCFB LLC.

ABSTRACT EXCERPT: An electronic exchange system network includes a trader site having an automated trading system capable of submitting orders and/or quotes to an exchange site. The automated trading system determines whether an order or quote should be submitted based on, for example, the current market price of an option and theoretical buy and sell prices. The theoretical buy and sell prices are derived from, among other things, the current market price of the security underlying the option. The theoretical buy and sell prices are calculated when underlying factors that contribute to the theoretical prices change.

PATENT: Apparatus and methods for detection, monitoring, and delay in a computer network; US 10,810,669 B2; 10/20/2020; CPC G06Q 40/04; 21 claims; assigned to Nasdaq, Inc.

ABSTRACT: Computing apparatus detects and monitors rapid changes in a computer network. The computing apparatus implements delays and other actions to ameliorate potentially adverse effects in the computer network caused by such changes.

PATENT: Securities trading system with multiple levels-of-interest; US 10,810,670 B2; 10/20/2020; CPC G06Q 40/04; 18 claims; assigned to BGC Partners, Inc.

ABSTRACT EXCERPT: Disclosed is a securities trading program for trading individual lots of a security which can be run at a security trader's computer station. The program generates a trading screen comprising a listing of multiple bids for the security, each bid having a price, as well as a listing of multiple priced offers for the security. The bid and offer listings are active, enabling the trader to hit any one of the displayed bids or take any one of the displayed offers, for example by selecting and clicking on a displayed bid or offer.

PATENT: Interest rate swap compression; US 10,810,671 B2; 10/20/2020; CPC G06Q 40/06; 21 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A computer system may access data corresponding to a portfolio that comprises interest rate swaps and may calculate parameters for a compressed swap. The computer system may determine, based at least in part on the parameters for the compressed swap, a performance bond requirement attributable to the interest rate swaps. The computer system may compare the performance bond requirement to account data associated with a holder of the portfolio and may perform one or more additional actions based on the comparing.

PATENT: System and method for dynamic risk management; US 10,810,672 B2; 10/20/2020; CPC G06Q 40/06; 15 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: A network interface receives portfolio data related to an investment plan portfolio of a participant. A processor identifies a first plurality of risk factors associated with market conditions, wherein the first plurality of risk factors comprises a future data and risk strength. The processor further identifies a second plurality of risk factors associated with the participant. The processor then generates glide path data based at least partially on the first plurality of risk factors and the second plurality of risk factors. The processor also generates a glide path map based at least partially on the generated glide path data.

PATENT: Systems and methods for automatically reallocating investment funds; US 10,810,673 B1; 10/20/2020; CPC G06Q 40/06; 20 claims; assigned to USAA.

ABSTRACT: A system may include a processor that receives investor data associated with a user, such that the investor data includes investments held by the user. The processor may then determine a reallocation plan of the investments based on the investor data, send a request to a computing device associated with the user that prompts a response for approval or denial to enable the processor to reallocate the investments according to the reallocation plan, and track the investments over a period of time as if reallocated per the reallocation plan when the response includes the denial. The processor may then generate a first set of visualizations that correspond to a current balance of the one or more investments over the period of time as if reallocated per the reallocation plan and send the first set of visualizations to the computing device, such that the computing device displays the first set of visualizations.

October 13, 2020

Total CPC G06Q Subclass (business methods) patents issued:  135

Financial industry business method patents reviewed herein:   10

PATENT: Transaction storing and forwarding; US 10,803,429 B2; 10/13/2020; CPC G06Q 20/10; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: After loss of communications between a cash handling device and a financial institution, transactions may continue to be processed. In one configuration, the transactions may be processed up to a predefined transaction limit. Transaction limits may be defined by a number of transactions, a dollar amount transacted or to be transacted, an amount of time and/or combinations thereof. Additionally or alternatively, the transaction limit may be specific to one or more types of transactions. Transaction data may be stored in memory until communication has been re-established, at which time the data may be transmitted to the financial institution for processing.

PATENT: System and method for transmitting payment card information, and payment card; US 10,803,446 B2; 10/13/2020; CPC G06Q 20/341; 9 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: A system and a method for transmitting payment card information are provided. The system includes at least one memory including computer program code configured to, with at least one processor, cause the system at least to perform functions of receiving, determining, comparing, generating, and transmitting.

PATENT: Electronic wallet checkout platform apparatuses, methods and systems; US 10,803,449 B2; 10/13/2020; CPC G06Q 20/36; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: The ELECTRONIC WALLET CHECKOUT PLATFORM APPARATUSES, METHODS AND SYSTEMS ("EWCP") transform customer purchase requests triggering electronic wallet applications via EWCP components into electronic purchase confirmation and receipts.

PATENT: Branch recommendation; US 10,803,516 B2; 10/13/2020; CPC G06Q 40/02; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: A method and system for recommending a physical location at which to complete an electronic activity are disclosed. In some examples, the system identifies an incomplete portion of an electronic activity initiated at a first device, and identifies a plurality of candidate locations for completion of the electronic activity based on at least one characteristic of the incomplete portion. When a prior location of the first device is closer to a first one of the candidate locations than to a second one of the candidate locations, the system selects the first candidate location for the completion of the electronic activity and provides activity data characterizing the electronic activity to a second device disposed at the first candidate location.

PATENT: Systems and methods for locating funding opportunities; US 10,803,519 B1; 10/13/2020; CPC G06Q 40/025; 23 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A system for locating funding opportunities is disclosed. The system may include at least one memory for storing instructions and at least one processor configured to execute the instructions to perform operations.

PATENT: Risk management contracts and method and apparatus for trading same; US 10,803,520 B2; 10/13/2020; CPC G06Q 40/04; 13 claims; assigned to North American Derivatives Exchange, Inc.

FIELD: The present invention relates to a method and apparatus for risk management and to a method and apparatus for establishing and maintaining a market for initial and secondary trading in risk management instruments. The scope of the invention includes, but is not limited to: methods of defining risk management instruments, methods of trading specific types of risk management instruments to manage risk, methods of managing risk, and methods of making a market so that persons may manage risk by trading in such market.

PATENT: Exchange feed for trade reporting having reduced redundancy; US 10,803,521 B2; 10/13/2020; CPC G06Q 40/04; 23 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: The disclosed embodiments relate to communication of financial messages from an exchange to market participants whereby messages, or at least a portion of the content thereof, indicative of changes in the market, due to one or more trades between two or more market participants, are structured so as to reduce redundant data therein and prioritize the transmission of that portion of the message which summarizes the event and result thereof.

PATENT: Computing system that generates graphical displays of stock options trading data; US 10,803,522 B2; 10/13/2020; CPC G06Q 40/04; 19 claims; assigned to Montal Research Ltd.

ABSTRACT: A system that produces a predictive chart for a selected stock that is useful in determining if the price of a particular stock is likely to increase or decrease. Open interest data is obtained for the selected stock from an options exchange. Likewise, the option volume data for stock options in the selected stock is also obtained. A computing device calculates implied volatility for the stock options of the selected stock. Options volatility indicator data is then calculated as a function of the open interest data, the volume data, and the implied volatility. The options volatility indicator data is normalized. The normalized data is plotted against selected trading periods to produce an options volatility indicator graph. The options volatility indicator graph is then shown on a display that is controlled by the computing device.

PATENT: System and method for creating trade-related annotations in an electronic trading environment; US 10,803,523 B2; 10/13/2020; CPC G06Q 40/04; 15 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A client terminal displays a trading screen interface and an annotation interface in relation to the trading screen interface. The annotation interface allows a trader to enter trade-related annotations in a quick and efficient manner or flag a predetermined time and input annotations to be associated with the flagged time a later time, while the trading screen interface allows the trader to make trades at the most favorable prices and in a speedy manner. The annotation interface may alternatively not be displayed and allow for audio input.

PATENT: Property hunting trip in an autonomous vehicle; US 10,803,536 B1; 10/13/2020; CPC G06Q 50/16; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method implemented in an autonomous vehicle (AV) for facilitating property hunting includes receiving a first command to direct the AV to a geolocation of an individual. An itinerary is received for a property hunting trip for the individual in a geographical area. The itinerary includes a plurality of properties. After the individual enters the AV, a second command is received from the individual to direct the AV to a geolocation of a first property on the itinerary. Feedback is received from the individual regarding the first property. An adjustment to the itinerary based on the feedback is received.

October 6, 2020

Total CPC G06Q Subclass (business methods) patents issued:  150

Financial industry business method patents reviewed herein:   10

PATENT: System for resource use allocation and distribution; US 10,796,253 B2; 10/6/2020; CPC G06Q 10/0631; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention are directed to a system, method, or computer program product for appropriate resource allocation via generated communication channel within and for the utilization of a shared use service. The system may be associated with or affixed to a shared use service object, generating a communication field within or directly around the shared use service object. The system may recognize when an individual is utilizing the shared use service via signal recognition of a mobile device transmission being received by the system associated with the shared use service.

PATENT: Systems and methods for facilitating a transaction using augmented reality; US 10,796,290 B2; 10/6/2020; CPC G06Q 20/10; 18 claims; assigned to Capital One Services, LLC.

FIELD: The present disclosure relates to systems and methods for facilitating a transaction using augmented reality, and more particularly using an interactive augmented environment.

PATENT: System and method of managing computing resources; US 10,796,304 B2; 10/6/2020; CPC G06Q 20/401; 20 claims; assigned to Bank of America Corporation.

FIELD: Certain embodiments of this disclosure relate generally to managing computing resources and, more particularly, to systems and methods for authorizing access to computing resources.

PATENT: Apparatus including data bearing medium for reducing fraud in payment transactions using a black list; US 10,796,310 B2; 10/6/2020; CPC G06Q 20/4016; 18 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: A system, apparatus, and method for reducing fraud in electronic payment transactions. The apparatus includes a processor that executes instructions to implement a process to identify consumer or merchant devices that have been used in fraudulent transactions and prevent the authorization of future transactions that are initiated using those devices.

PATENT: Customized financing based on transaction information; US 10,796,363 B1; 10/6/2020; CPC G06Q 40/025; 22 claims; assigned to Square, Inc.

ABSTRACT EXCERPT: In some examples, a payment processing system may receive identity information identifying a buyer and an indication of a buyer interest in purchasing an item from a first merchant. The system may determine, based on the identity information and item information, that the buyer is eligible for financing the purchase of the item. The system may generate a customized financing offer for the buyer to finance the purchase price of the item.

PATENT: Process for providing timely quality indication of market trades; US 10,796,364 B2; 10/6/2020; CPC G06Q 40/04; 24 claims; assigned to NYSE Group, Inc.

ABSTRACT EXCERPT: Real time or near real time assessment of the quality of securities transactions is accomplished by intercepting order and execution communications between trader and broker, comparing the execution data with contemporaneous market data relative to the transaction or transactions involved, and informing the trader of that comparison.

PATENT: System and method for using order modifiers in relation to trading strategies; US 10,796,365 B2; 10/6/2020; CPC G06Q 40/04; 13 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: A quantity modifier and a price modifier are provided for a spread trading strategy having a desired spread price and a desired spread quantity. According to an example embodiment, a quantity modifier divides the desired spread quantity into a plurality of disclosed spread quantities. Once the disclosed quantities are determined, a plurality of disclosed spread orders having the disclosed spread quantities are sequentially submitted to the market until the full desired spread order quantity is executed or until a predefined condition is detected.

PATENT: Trading anomaly kill switch; US 10,796,366 B2; 10/6/2020; CPC G06Q 40/04; 16 claims; assigned to Morgan Stanley Services Group, Inc.

ABSTRACT: A system that can detect when abnormal trading activity is occurring and take action to halt the detected abnormal trading activity without human intervention using a computer-implemented anomaly detection and action stage computer that performs an exponential weighted averaging of trade order flow, on a per symbol basis within a sliding volume based window and a volume based exponential weighted averaging, on a per symbol basis, on trade update messages received during the sliding volume based window and checks for an inflection in covariance between them.

PATENT: Computer system and user interface for retirement planning; US 10,796,367 B1; 10/6/2020; CPC G06Q 40/06; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-implemented method and an interactive computer system has a user interface with computer software application tool(s) for retirement planning purposes. The user interface is generally referred to herein as an income dashboard.

PATENT: Computerized geolocation tool; US 10,796,378 B1; 10/6/2020; CPC G06Q 40/12; 21 claims; assigned to Wells Fargo Bank, N.A.

FIELD: Embodiments described herein generally relate to systems and methods for configuring a computing device to provide up-to-date location-specific financial information.

September 29, 2020

Total CPC G06Q Subclass (business methods) patents issued:  112

Financial industry business method patents reviewed herein:   10

PATENT: Timely quality improvement of an inventory of elements; US 10,789,564 B1; 9/29/2020; CPC G06Q 10/0635; 20 claims; assigned to Wells Fargo, N.A.

ABSTRACT: Timely quality improvement of an inventory of elements is provided. An event submission that includes at least one element of the inventory of elements is received at about the same time as the event is encountered. The event submission is prioritized based on factors related to the submitter, the event, historical information, or combinations thereof. A risk level or rating is assigned to the event submission and others are invited to comment on the event submission. Based on the comments, real-time information is presented so that the event submission may be tracked during the process. The submitter of the event submission is assigned a credibility rating and is given an incentive for providing the event submission.

PATENT: Systems and methods for use in facilitating purchases; US 10,789,579 B2; 9/29/2020; CPC G06Q 20/0855; 11 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: Systems and methods are provided for facilitating purchase transactions for travel. One exemplary system comprises a memory including a user profile associated with a secondary user and a payment account, and a processor in communication with the memory. The processor is configured to access the user profile in the memory, and display an available destination for travel based on the user profile.

PATENT: Systems and methods for performing ATM fund transfer using active authentication; US 10,789,580 B2; 9/29/2020; CPC G06Q 20/18; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A method of performing a fund transfer at an ATM includes receiving an active authentication transaction key at an ATM from a mobile financial transaction instrument via a wireless communication protocol, generating a PIN at the ATM, and storing the PIN in a machine readable storage medium. An authorization request message is transmitted to a financial institution identified by the active authentication transaction key.

PATENT: Generating a blended FX portfolio; US 10,789,588 B2; 9/29/2020; CPC G06Q 20/381; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: Systems and methods for blending a plurality of FX forwards may include determining a signed sum of notional values associated with each of the primary currency component and the settlement currency component of each of the plurality of FX forwards for use in blending the plurality of FX forwards, each of the plurality of FX forwards having matching economics and a different associated fixed rate.

PATENT: Graphical order entry user interface for trading system; US 10,789,645 B2; 9/29/2020; CPC G06Q 40/04; 14 claims; assigned to Chart Trading Development, LLC.

ABSTRACT: On a display terminal of an electronic trading system, a graph is displayed having a first axis and a second axis, wherein the graph includes a curve corresponding to a range of values of a financial instrument. A user is allowed to select a portion of the graph. In response to the user selection of the portion of the graph, a trading dialog box is displayed on the display of the workstation, the dialog box being automatically populated with values for trading, the values based on the values of the selected portion of the graph.

PATENT: Visual depiction of warnings and errors; US 10,789,646 B2; 9/29/2020; CPC G06Q 40/04; 18 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Methods, systems and computer-readable storage media disclosed herein provide visual depictions of warnings and errors. An example method includes detecting, using a computing device, a change in a design of a trading algorithm. The trading algorithm is defined by a user-specified arrangement of blocks representing trading functionality. The example method includes determining, using the computing device, whether the trading algorithm complies with a trading algorithm rule.

PATENT: Order grid highlighting; US 10,789,647 B2; 9/29/2020; CPC G06Q 40/04; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: Systems, methods and user interfaces are provided for order matrix management and highlighting. Market data may be arranged in a matrix where the market data may be highlighted and/or otherwise presented to provide further information to a user. In some cases a computer system may include a computer-readable medium containing computer-executable instructions that, when executed by one or more processors, cause a computing device to receive market data for a financial instrument.

PATENT: Order execution quality of financial market transactions utilizing an adjusted z-score benchmark; US 10,789,648 B2; 9/29/2020; CPC G06Q 40/04; 20 claims; assigned to Fidessa Trading UK Limited.

ABSTRACT EXCERPT: The present disclosure generally provides techniques for analyzing and displaying the order execution quality of market instruments traded during a relevant period, or lifetime, of the order. The utilization of quote information in calculating a normalization factor allows for comparisons across instruments, orders, and days for instruments with a publically available price irrespective of executed volume. A calculated Z score illustrates the quality of an order execution for a specific traded time as compared to all possible random executions.

PATENT: Method and apparatus of goals-based investing using a blended account-level target; US 10,789,649 B2; 9/29/2020; CPC G06Q 40/06; 20 claims; assigned to Smartleaf, Inc.

ABSTRACT EXCERPT: A method and apparatus of a device that performs goals-based investing using an account-level target is described. In one embodiment, the device processes data representing a plurality of goals of an investor, an investment style for each goal, an account for funding the goals, and initial funding levels for each goal to create a goal-level target for each goal. The device creates an account-level target based on the goal-level targets and an initial blend ratio that is formed from the initial funding levels.

PATENT: Methods and systems for providing a global statement; US 10,789,653 B1; 9/29/2020; CPC G06Q 40/10; 17 claims; assigned to Citibank, N.A.

ABSTRACT: Methods and systems for providing global consolidated statement involve, for example, collecting, using a processor coupled to memory, customer account data from billing systems for each of a plurality of accounts of a plurality of business units of an entity. Likewise using the processor, the customer account data is collated across the plurality of accounts of the plurality of business units. Also using the processor, a single consolidated customer account statement is generated showing the collated customer account data across the plurality of accounts of the plurality of business units.

September 22, 2020

Total CPC G06Q Subclass (business methods) patents issued:  143

Financial industry business method patents reviewed herein:   10

PATENT: Near Real-time system or network incident detection; US 10,783,473 B2; 9/23/2020; CPC G06Q 10/0637; 21 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Systems and arrangements for using temporal analysis to evaluate incidents to determine whether they are likely to cause a significant business impact are provided. Historical data may be analyzed to identify incidents having a significant business impact. The historical data associated with incidents having a significant business impact may be further analyzed to identify a time and/or date at which the incident occurred, as well as the particular system, or the like, impacted by the incident. Normal business hours associated with the system, or the like, may be retrieved and a profile may be generated for the system, or the like.

PATENT: Digital currency cash grid; US 10,783,501 B2; 9/23/2020; CPC G06Q 20/0655; 13 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Cash grid techniques or systems are disclosed that provide a centralized tracking service for physical and digital currency. In operation, physical digital currency can be associated with, and otherwise tracked between, a mobile wallet and to the cash grid using unique ledger and communication systems and methodologies. A trusted bank or other entity can provide a machine which can convert physical cash to virtual cash. As part of the conversion from physical to digital currency, the identification (ID) (e.g., serial number) of the physical cash is transferred to and linked to the virtual (or digital) cash.

PATENT: Method and system for POS enabled installments with eligibility check requirements; US 10,783,510 B2; 9/23/2020; CPC G06Q 20/202; 16 claims; assigned to MasterCard International Incorporated.

FIELD: The present disclosure relates to the processing of transactions related to installments, specifically the use of eligibility checks to provide for the processing of a transaction as an installment based on consumer selection and the post-authorization processing of a payment transaction as an installment transaction.

PATENT: Systems and methods for third party token based authentication; US 10,783,518 B1; 9/23/2020; CPC G06Q 20/3674; 12 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method for authenticating a user on behalf of a third party provider includes receiving, by an identity provider computing system, a user token and user device information from the third party provider, identifying, by the identity provider computing system, the user based on the user token, identifying, by the identity provider computing system, related user activity based on the user device information, and authenticating, by the identity provider computing system, the user based on the related user activity.

PATENT: Systems and methods for providing enhanced loan qualification information; US 10,783,577 B2; 9/23/2020; CPC G06Q 40/025; 18 claims; assigned to Capital One Financial Corporation.

ABSTRACT: Methods and systems are disclosed for providing enhanced information relating to terms for financing a purchase, such as a real estate purchase. According to disclosed embodiments, a financial service system collects financial information associated with the prospective buyer. The financial service system also configures a secure software object, or token, comprising the buyer's financial information. The financial service system transmits the token to various inventory listing sites. By utilizing graphical user interfaces on the inventory listing sites that integrate the transmitted token information, the prospective buyer is provided enhanced information for shopping and researching their purchase, including how the purchase and its financing fit into their overall financial profile.

PATENT: Consolidated loan product; US 10,783,579 B1; 9/23/2020; CPC G06Q 40/025; 12 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: An example method for facilitating a home mortgage includes: normalizing a plurality of loan products into a consolidated loan product; originating the consolidated loan product for a home purchaser; after origination of the consolidated loan product, determining a best fit for the consolidated loan product from among the plurality of loan products; and transferring the consolidated loan product to an entity associated with the best fit from the plurality of loan products.

PATENT: Image analysis and identification using machine learning with output personalization; US 10,783,580 B2; 9/23/2020; CPC G06Q 40/025; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods for processing an image using machine learning are provided. The system includes a processor in communication with a client device, and a storage medium storing instructions that, when executed, cause the processor to perform operations including: receiving an image of a vehicle from the client device; extracting one or more features from the image; determining a make and a model of the vehicle based on the extracted features and using a machine learning algorithm. The operations also include: obtaining user information relating to a financing request for the vehicle; determining and transmitting to the client device a real-time quote for the vehicle based on the make, the model, and the user information.

PATENT: Systems and methods for providing real-time monitoring of spending limits; US 10,783,582 B2; 9/23/2020; CPC G06Q 40/06; 14 claims; assigned to Capital One Services, LLC.

ABSTRACT: In one embodiment, a server is provided for providing real-time monitoring of spending limits. The server may include memory storing software instructions, and a processor(s) configured to execute the software instructions to perform operations. The operations may include determining that a user has interacted with a store item in a retail environment. The operations may also include accessing a user profile of the user that includes a savings goal of the user, and determining that purchase of the store item would meet at least one trigger condition associated with the savings goal. The operations may further include generating an analysis of the estimated impact of the purchase to the savings goal, and providing the analysis to a device for display to the user while the user remains within the retail environment.

PATENT: Monitored alerts; US 10,783,583 B1; 9/23/2020; CPC G06Q 40/06; 12 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Disclosed in some examples are methods, systems, and machine readable mediums which provide for customized alerts for a user. Alerts may be described by a set of alert parameters. Alert parameters include the type of alerts, the frequency of alerts, and the content of the alerts. While the alert parameters may initially be set based upon the users explicitly entered preferences, the system may monitor one or more indicators to dynamically adjust one or more of the alert parameters. As the indicators allow the automated portfolio management system to respond to the needs of a user, these alerts may increase the personalization of automated portfolio management systems.

PATENT: Systems and methods associated with cash pooling; US 10,783,591 B1; 9/23/2020; CPC G06Q 40/12; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Systems, methods, and other embodiments associated with cash pooling. According to one embodiment, a system includes an account logic configured to receive at least one change selected by a user and make the at least one change to a pool. The pool includes a plurality of accounts. The system further includes a settlement logic configured to calculate a balance for one or more accounts in the pool. The settlement logic is further configured to identify at least one settlement options for the one or more accounts based at least in part on the balance.

September 15, 2020

Total CPC G06Q Subclass (business methods) patents issued:  171

Financial industry business method patents reviewed herein:   10

PATENT: System and method of utilizing a distributed order book in an electronic trade match engine; US 10,776,864 B2; 9/15/2020; CPC G06Q 40/00; 19 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Methods and systems are providing for minimizing the effects of transmission delays when providing orders for financial instruments. A plurality of order books and match engines may be maintained at geographically dispersed locations. The orders may be synchronized to provide the appearance of a single order book to traders and other users. The plurality of order books and match engines allow traders and other users to transmit orders to the match engine associated with the shortest transmission delay and to access orders pending at other match engines.

PATENT: System and methods for monitoring credit of trading counterparties; US 10,776,866 B2; 9/15/2020; CPC G06Q 40/025; 14 claims; assigned to BGC Partners, L.P.

ABSTRACT EXCERPT: Systems and methods are provided which monitor trades entered into and cleared by counterparties, track the net and gross positions of counterparties and the counterparties' parent entities, trigger warnings when counterparties or their parent entities exceed a warning limit, and shut-off counterparties' trading ability when counterparties exceed a credit limit.

PATENT: System and methods for risk-based prioritized transaction message flow; US 10,776,867 B2; 9/15/2020; CPC G06Q 40/04; 16 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Various systems and methods are provided for prioritized sending of transaction messages to an electronic exchange. According to one embodiment, a system determines a priority level for each transaction message based on a potential monetary reward or risk associated with sending or delaying the message. Once the priority levels are determined, the messages may be sent based on the priority levels.

PATENT: Dynamic strategy management tool; US 10,776,868 B2; 9/15/2020; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Example methods, apparatus, and computer readable storage media are described and disclosed. An example method includes depicting a strategy node in a graphical user interface presented by a computing device. The strategy node represents a trading strategy associated with two or more tradeable objects. The example method includes generating a graphical connector between the strategy node and one of a plurality of contract nodes including at least a first contract node and a second contract node.

PATENT: System including an electronic machine platform with multi-tier entity matching; US 10,776,869 B2; 9/15/2020; CPC G06Q 40/04; 11 claims; assigned to The Nasdaq Private Market.

FIELD: The present invention relates to a system that includes an electronic machine platform with data structures and algorithmic processing with multi-tier matching of participant-entity associated data for reassignment of security share data structures.

PATENT: Computer network systems for accurate market based benchmark estimates; US 10,776,870 B2; 9/15/2020; CPC G06Q 40/04; 20 claims; assigned to Environmental Financial Products, LLC.

ABSTRACT EXCERPT: A method and system for more accurately determining and providing market terms for conducting business transactions, wherein a plurality of computers are located at qualified institutions and are connected in electronic association in a cloud communication network, one of which is a server network device that maintains and/or provides the components of the system to process actual transaction data provided by the qualified institutions in real time to calculate market terms that are quickly transmitted back to the institutions.

PATENT: System and method for coalescing market data at a client device; US 10,776,871 B2; 9/15/2020; CPC G06Q 40/04; 22 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A client device coalesces data received from an exchange, and provides a client application such as a graphical user interface with the opportunity to process fewer, but up-to-date, data updates from an exchange when a large volume of prices becomes available. Accordingly, the trader can be assured of receiving updated information that are fed to the client applications at a rate that is cohesive with that client device's processing speed.

PATENT: System and method for providing market updates in an electronic trading environment; US 10,776,872 B2; 9/15/2020; CPC G06Q 40/04; 20 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A system and method are provided for modifying how market updates are provided in an electronic trading environment upon detecting one or more triggering events. One example method includes defining an event to be used to trigger modification of how market updates are provided to a client entity, receiving a market update from an electronic exchange, and, when the event is detected, modifying how the market update is provided to the client entity. As an example, the modification of how the market update is provided to the client entity may include providing less data in relation to market updates, and sending the market updates less frequently.

PATENT: Trade action confirmation tool; US 10,776,873 B2; 9/15/2020; CPC G06Q 40/04; 9 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Systems, methods, and apparatus for confirming trade actions are disclosed. An example method includes displaying a trade action cell corresponding with a trade action, receiving an initiation command, determining that the trade action was initiated based on the initiation command, receiving a confirmation command, wherein the confirmation command is a selection of the same trade action cell, and executing the trade action based on reception of the confirmation command.

PATENT: Strategy based exit planning for a trading system; US 10,776,874 B2; 9/15/2020; CPC G06Q 40/06; 20 claims; assigned to E*TRADE Financial Corporation.

ABSTRACT: A system for strategy based exit planning comprises a processor and a memory. The processor is configured to receive an indication to create an exit plan; and create an exit plan for a strategy, wherein the strategy comprises one or more instruments. The memory is coupled to the processor and configured to provide the processor with instructions.

September 8, 2020

Total CPC G06Q Subclass (business methods) patents issued:  190

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for remote deposit of checks; US 10,769,598 B1; 9/8/2020; CPC G06Q 20/042; 20 claims; assigned to USAA.

ABSTRACT: Remote deposit of checks can be facilitated by a financial institution. A customer's general purpose computer and image capture device may be leveraged to capture an image of a check and deliver the image to financial institution electronics. Additional data for the transaction may be collected as necessary. The transaction can be automatically accomplished utilizing the images and data thus acquired.

PATENT: Cryptocurrency transactions using debit and credit values; US 10,769,600 B2; 9/8/2020; CPC G06Q 20/10; 20 claims; assigned to IBM.

ABSTRACT: An embodiment of a computer implemented method for transferring cryptocurrency amounts includes receiving, by a processing device, a request to transfer an amount of a cryptocurrency from a first storage location. The method also includes, in response to the request, automatically generating a credit value and a debit value as a related pair, each of the credit value and the debit value having an identifier that relates the credit value and the debit value to the amount of the cryptocurrency, one of the credit value and the debit value being a positive value and another of the credit value and the debit value being a negative value, and transferring the amount of the cryptocurrency by the transaction module from a wallet connected to the transaction module to a second storage location.

PATENT: Systems and methods for use in clearing and/or settling network transactions; US 10,769,601 B2; 9/8/2020; CPC G06Q 20/10; 20 claims; assigned to Mastercard International Incorporated.

ABSTRACT EXCERPT: Systems and methods are provided for processing network transactions. One exemplary method includes transmitting a network request, received from a first entity, to a second entity; intercepting a network reply from the second entity, when the network reply is associated with the first entity and the first entity is a registered entity; appending an indicator to the network reply when a rule associated with the first entity is satisfied by a parameter of the network reply; and appending a transaction associated with the network reply to a settlement process when the rule is satisfied by the parameter.

PATENT: Payment real-time funds availability; US 10,769,606 B2; 9/8/2020; CPC G06Q 20/14; 54 claims; assigned to Early Warning Systems, LLC.

FIELD: This disclosure relates generally to financial transaction processing, and relates more particularly to payment real-time funds availability.

PATENT: Over the air update of payment transaction data stored in secure memory; US 10,769,614 B2; 9/8/2020; CPC G06Q 20/32; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: A system, apparatus, and method for processing payment transactions that are conducted using a mobile device that includes a contactless element, such as an integrated circuit chip. The invention enables the updating, correction or synchronization of transaction data maintained by an Issuer with that stored on the device. This is accomplished by using a wireless (cellular) network as a data communication channel for data provided by an Issuer to the mobile device, and is particularly advantageous in circumstances in which the contactless element is not presently capable of communication with a device reader or point of sale terminal that uses a near field communications mechanism.

PATENT: Methods and systems for displaying account information; US 10,769,616 B2; 9/8/2020; CPC G06Q 20/327; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Systems and methods are provided for displaying account information. The systems and methods may include a portable smart display device in short-range communication with a mobile device. The smart display device may be configured to provide a user with quick and easy yet secure access to account information, without the need for multi-step login and verification processes. The smart display device may be sized to fit within a wallet and within quick, easy reach of a user.

PATENT: Method and system for linkage of blockchain-based assets to fiat currency accounts; US 10,769,629 B2; 9/8/2020; CPC G06Q 20/3829; 20 claims; assigned to Mastercard International Incorporated.

FIELD: The present disclosure relates to management of fractional reserves of blockchain currency, specifically the use of centralized accounts to manage fractional reserves of fiat and blockchain currency updated via transaction messages corresponding to fiat- and blockchain-based payment transactions.

PATENT: System and methods for optimizing the effectiveness of interaction between participants in an electronic trading environment; US 10,769,725 B1; 9/8/2020; CPC G06Q 40/04; 19 claims; assigned to Bids Trading, L.P.

ABSTRACT: The system and methods for optimizing the effectiveness of interaction between participants in an electronic trading environment are disclosed. In one embodiment, the system monitors and tracks certain variables at several levels (e.g., firm, trader, trade desk, symbol, side, order type) for each participant in the system, updates the values of the variables in real time and/or over longer periods. From the values of the variables, the system assigns individual and composite scores to each trader, symbol or side or any composite of these and other variables. For every interaction in the trading environment, the scores and variables are used to determine how a trader interacts with a contra trader when their respective scores are compared, including determining permissioning and timing of sending invitations to trade, permissioning and timing of receiving invitations to trade and/or execution of the trade.

PATENT: System and method for modeling and verifying financial trading platforms; US 10,769,726 B2; 9/8/2020; CPC G06Q 40/04; 19 claims; assigned to Aesthetic Integration Limited.

ABSTRACT: A computer-implemented method assesses operation of a financial computing system (FCS). An assessment computer system generates code for a model of the FCS that comprises a model specification for the FCS and a model environment for the FCS. The code for the model uses a type-system based logical programming language that supports typed recursive functions. The assessment computer system generates mathematical axioms that describe the operation of the FCS by compiling the code for the model and assesses the operation of the financial computer system by analyzing the mathematical axioms.

PATENT: User interface for tracking deposits and expenses; US 10,769,730 B2; 9/8/2020; CPC G06Q 40/128; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Various examples are directed to systems and methods for interfacing a computing system to a human user. For example, a graphical user interface may be provided to a user. The graphical user interface comprises a holding shape and a first income source shape indicating a first income source. The holding shape comprises a filled portion having a first filled portion level indicating a first holding balance of an account of the user. A first deposit shape may be moved from the first income source shape towards the filled portion of the holding shape.

September 1, 2020

Total CPC G06Q Subclass (business methods) patents issued:  147

Financial industry business method patents reviewed herein:   10

PATENT: Creating and managing private electronic currency; US 10,762,478 B1; 9/1/2020; CPC G06Q 20/0658; 14 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Methods and systems are disclosed for transactions with a private digital currency. The private e-currency may be backed by a financial institution, managed using a blockchain, and only available for transactions with members of a network associated with the financial institution. The members may include mobile wallets, merchants and ATM's.

PATENT: Secure offline approval of initiated data exchanges; US 10,762,481 B1; 9/1/2020; CPC G06Q 20/10; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The disclosed embodiments include processes that securely approve and execute exchanges of data between systems, apparatuses, and devices in a computing environment.

PATENT: ATM token cash withdrawal; US 10,762,483 B2; 9/1/2020; CPC G06Q 20/1085; 14 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention are directed to a system for managing financial tokens associated with a financial account, whereby the system is directed towards generating and authenticating tokens associated with the financial account in order to grant access to a user to conduct financial transactions on the financial account using an Automated Teller Machine (ATM).

PATENT: Selecting a transaction card for a transaction based on characteristics of the transaction; US 10,762,489 B2; 9/1/2020; CPC G06Q 20/227; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: An example electronic wallet device may include a plurality of card slots configured to hold transaction cards, each card slot, of the plurality of card slots, including a card reader, and the plurality of card slots holding at least two transaction cards; and one or more processors to receive transaction information associated with a transaction at a transaction terminal, select a transaction card, of the at least two transaction cards based on the received transaction information, and/or provide a transaction token, associated with the selected transaction card to be used in connection with the transaction terminal to process the transaction.

PATENT: Systems and computer-implemented processes for model-based underwriting; US 10,762,560 B1; 9/1/2020; CPC G06Q 40/025; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods are disclosed for determining one or more credit lines based on statistical approximations of credit line optimization models. By approximating the results of the optimization model, the disclosed embodiments may provide real-time account level credit line determinations based on fewer criteria than used in the optimization models. Other aspects of the disclosed embodiments are described herein.

PATENT: Database image matching using machine learning with output personalization; US 10,762,562 B2; 9/1/2020; CPC G06Q 40/025; 20 claims; assigned to Capital One Services, LLC.

FIELD: The present disclosure relates generally to the field of image analysis using machine learning algorithms. More specifically, and without limitation, this disclosure relates to systems and methods for using machine learning algorithms to identify vehicles from images and generate personalized outputs.

PATENT: Secure exchange feed market data embargo; US 10,762,566 B2; 9/1/2020; CPC G06Q 40/04; 16 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: Methods, devices, and systems for communicating market data with market participants involve obfuscating at least a portion of a first financial message. Communicating the market data also involves augmenting a second financial message with a key configured to remove the obfuscation from the obfuscated portion of the first financial message.

PATENT: Systems and methods for administrating a certificate of deposit; US 10,762,567 B1; 9/1/2020; CPC G06Q 40/06; 9 claims; assigned to USAA.

ABSTRACT EXCERPT: A method for administrating a certificate of deposit (CD) includes receiving an option agreement entered into by a user with a financial institution. The option agreement defines one or more predetermined events enabling disposition of funds of a CD prior to the CD's maturity date. The option agreement has a fee associated therewith.

PATENT: Computing architecture for managed-account transactions; US 10,762,568 B2; 9/1/2020; CPC G06Q 40/06; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: An improved computing architecture for managed-account transactions is presented. In accordance with embodiments, responsive to receiving a request to allocate funds of a client amongst different investment strategies, a computing system may determine based on percentages to be invested indicated by the strategies and an allocation of the funds amongst the strategies indicated by the request, a number of units of the asset to purchase for the client.

PATENT: Systems and methods for trading with market depth information; US 10,762,569 B2; 9/1/2020; CPC G06Q 40/06; 24 claims; assigned to Fidessa Trading UK Limited.

ABSTRACT: Techniques for displaying market depth information for a financial instrument including a plurality of bid and ask order metrics at corresponding prices of the market instrument and associated time information. A graphical representation of the market depth information, with axes corresponding to time and price, is aligned with color gradients corresponding to one or more metrics including, for example, bid and ask order volume, order count, or order consideration, generated based on the market depth information. The graphical representation of the market depth information and the color gradients are displayed using a display device.