Patents By Frip

July 21, 2020

Total CPC G06Q Subclass (business methods) patents issued:  117

Financial industry business method patents reviewed herein:   10

PATENT: Method and system for transferring funds from an account to an individual; US 10,719,814 B1; 7/21/2020; CPC G06Q 20/04; 15 claims; assigned to Citicorp Credit Services, Inc.

ABSTRACT EXCERPT: Methods and system for transferring funds supports funds transfers from a source account to a cash access file which can be accessed virtually twenty-four hours a day by both customers and non-customers. Cash may be transferred across international borders and dispensed in a currency different than that of the sender's source account and is made available to a recipient virtually as soon as the requested transfer is approved and confirmed by the sender.

PATENT: Systems and methods for math-based currency escrow transactions; US 10,719,816 B1; 7/21/2020; CPC G06Q 20/0658; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Systems and methods for facilitating the sale of an asset having digital title through two separate math-based currency ("MBC") transactions. The first MBC transaction passes digital title from the seller to the buyer by incorporating the digital title or a pointer to the digital title in the metadata of the first MBC transaction. The second MBC transaction passes funds to the seller from the buyer (either directly or via an intermediary). Accordingly, the ownership chain of the asset can be traced and verified through a MBC blockchain or ledger that serves as a record of all MBC transactions.

PATENT: Wearable transaction devices; US 10,719,817 B2; 7/21/2020; CPC G06Q 20/10; 16 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: The client device may include interface hardware for communicating transaction information, a memory device for storing the transaction information, and sensor hardware configured to sense an action performed by a user. The client device may also include one or more hardware processors configured to access the transaction information, and identify an operation based on at least the transaction information.

PATENT: Systems and computer-implemented processes for depositing, withdrawing, and reusing currency for purchase transactions using an intelligent teller machine; US 10,719,820 B2; 7/21/2020; CPC G06Q 20/1085; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods are disclosed for the deposit, withdrawal, and reuse of currency for transactions. According to disclosed embodiments, an intelligent teller machine (ITM) is configured to receive currency as payment for a transaction, to calculate and dispense any change due, and to request that the net value of the transaction (e.g., the revenue) be deposited into the financial account of the business. The currency received by the ITM is also available to make change for future purchase transactions.

PATENT: Method and system for secure protocol exchange; US 10,719,825 B2; 7/21/2020; CPC G06Q 20/3823; 9 claims; assigned to Bank of America Corporation.

ABSTRACT: A system and method using a protocol exchange server providing bi-directional exchange of secure data protocol attributes between a first computer system and a second computer system, the method include at a protocol exchange server for bi-directional exchange of secure data protocol attributes between a first computer system and a second computer system, electronically storing a plurality of computer readable attribute records in a computer database for users associated with the first computer system and the second computer system.

PATENT: Secondary financial session monitoring across multiple access channels; US 10,719,830 B1; 7/21/2020; CPC G06Q 20/4016; 17 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: An example computing device is programmed to: (a) detect an attempt to secondarily access a user account, the user account being involved in an ongoing primary financial session with a primary device; (b) raise the level of authentication required to secondarily access the user account beyond that which was required to access the account for the primary financial session; (c) when successful authentication at the raised level is achieved, permit secondary access to the user account through a secondary financial session and compare one or more user activities occurring during the secondary financial session to a plurality of fraud profiles; and (d) indicate fraud when comparison of the user activity is consistent with one or more of the plurality of fraud profiles.

PATENT: Fraud prevention tool; US 10,719,832 B1; 7/21/2020; CPC G06Q 20/4016; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Various examples are directed to systems and methods for detecting fraud. A financial institution system may receive, from a transaction device, a transaction authorization request describing a transaction to be drawn on an account of a user. The financial institution system may also receive, from the user computing device, environmental data describing an environment of the user and determine that the environmental data indicates an anomalous condition. Based at least in part on the determining, the financial institution system may decline the transaction.

PATENT: Multiple quote risk management; US 10,719,874 B2; 7/21/2020; CPC G06Q 40/04; 19 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: The disclosed systems and methods relate to allowing trading of over the counter ("OTC") foreign exchange ("FX") contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's ("CME"'s) futures exchange system (the "Exchange"). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place.

PATENT: System and method for controlling execution of transactions; US 10,719,875 B2; 7/21/2020; CPC G06Q 40/04; 42 claims; assigned to Fair Trading Devices LLC.

FIELD: The disclosed embodiments relate generally to a server system controlling submission of transactions to a transaction processing system for processing.

PATENT: Convertible unit investment trust to index exchange-traded fund; US 10,719,877 B2; 7/21/2020; CPC G06Q 40/06; 7 claims; assigned to AceShares LLC.

ABSTRACT: A computer-implemented method for providing an exchange traded fund comprising the steps of: providing a unit investment trust including a plurality of ownership units, wherein the unit investment trust includes a portfolio of securities composed in accordance with an index; distributing the ownership units of the unit investment trust to one or more investors; providing an exchange traded fund including a plurality of ownership shares; upon the occurrence of a conversion event, tendering the portfolio of securities to the exchange traded fund in return for an in-kind distribution of the plurality of ownership shares; and distributing the plurality of ownership shares to the one or more investors according to a predetermined ratio of ownership units to ownership shares.

July 14, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for autonomous banking resources; US 10,713,632 B1; 7/14/2020; CPC G06Q 20/1085; 15 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Systems and methods for autonomous banking resources are disclosed. Embodiments include a mobile banking resource including an unmanned motorized vehicle, a controller configured to control the movement of the motorized vehicle, an authentication device configured to verify the identity of a user, a server configured to communicate with the controller and the authentication device, and a user interface module configured to interface with the user conducting a transaction.

PATENT: Computing device and method for the temporal arrangement of data; US 10,713,715 B2; 7/14/2020; CPC G06Q 40/02; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: A computing device and method for managing an account. A computer displays a historical timeline and an event placement timeline. Past events are shown along the historical timeline, and future events along the event placement timeline. The computer suggest a change to the timing of one of the events. The user moves a movable object to the proposed timing to reschedule the event. The settings of the account are modified to automatically execute that event at the new timing.

PATENT: Binary options on selected indices; US 10,713,718 B2; 7/14/2020; CPC G06Q 40/04; 20 claims; assigned to CFPH, LLC.

ABSTRACT: Various embodiments comprise systems, methods, and computer-readable media for configuring and trading binary options. A first index may be configured, e.g., based on a portfolio configured by a user. One or more second indices may be determined. A binary option may pay out if the first index outperforms the one or more second indices, e.g., over a period of time. The binary option may be traded in the primary and secondary markets.

PATENT: Trade order submission for electronic trading; US 10,713,719 B2; 7/14/2020; CPC G06Q 40/04; 11 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Various systems and methods for trade order processing in an electronic trading environment are provided. The order processing includes initiating a first thread of instructions at a computing device to send a first trade order onto an electronic exchange. However, if one or more trade orders are identified during the process to send the first trade order, then the one or more orders are queued.

PATENT: Graphical user interface for cash-settled bet divestment in odds-based markets; US 10,713,721 B2; 7/14/2020; CPC G06Q 40/04; 35 claims; assigned to Marketmaker Software Limited.

FIELD: The present invention relates to an exchange for derivative products contingent on odds-based markets and to methods of determining the settlement price for such derivative products and of settling such derivative products.

PATENT: Blockchain instrument for transferable equity; US 10,713,722 B2; 7/14/2020; CPC G06Q 40/04; 17 claims; assigned to Equity Shift, Inc.

ABSTRACT: Systems and methods for offering and purchasing tokenized securities on a blockchain platform meeting current and future federal, state, and offering and holding entity rules and regulations. Tokenized securities purchased during or after the tokenized securities offering are tradable on a secondary market. The server computer of the tokenized securities provides an automated transfer capability for tokenized securities holders.

PATENT: Electronic spread trading tool; US 10,713,723 B2; 7/14/2020; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International, Inc.

FIELD: The present invention is generally directed to the electronic trading of commodities, where a commodity includes anything that can be traded with quantities and/or prices. Specifically, the invention provides a trader with a versatile and efficient electronic spread trading tool to be used when buying and selling commodities of the same or similar class either simultaneously or in conjunction with one another.

PATENT: Trading orders with decaying reserves; US 10,713,724 B2; 7/14/2020; CPC G06Q 40/04; 20 claims; assigned to BGC Partners, Inc.

ABSTRACT EXCERPT: In various embodiments, an apparatus includes a processor and a memory. The memory is communicatively coupled to the processor. The memory stores software instructions that, when executed by the processor, cause the processor to receive a trading order for a particular quantity of a trading product. The trading order specifies that a first portion of the particular quantity is a displayed quantity and that a second portion of the particular quantity is a reserved quantity. The trading order specifies at least one of a decay rule, a decay interval, a decay rate, decay quantity, and one or more conditions.

PATENT: System and method for maximizing portfolio diversification; US 10,713,725 B1; 7/14/2020; CPC G06Q 40/06; 18 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Methods and systems for generating a diversification index for a portfolio are disclosed herein. A plurality of assets within the portfolio are identified, each of the plurality of assets having a corresponding weight value and a corresponding utility value. An overall volatility value of the portfolio is identified. A diversification index is computed based on the overall volatility value and corresponding weight and volatility values of each of the plurality of assets.

PATENT: System and method for account transaction and balance prediction; US 10,713,733 B2; 7/14/2020; CPC G06Q 40/12; 20 claims; assigned to Capital One Services, LLC.

FIELD: The present disclosure relates to computer systems and methods for account transaction balance prediction for an account held with a financial institution based on past and present account activity.

July 7, 2020

Total CPC G06Q Subclass (business methods) patents issued:  118

Financial industry business method patents reviewed herein:   10

PATENT: Communication data analysis and processing system and method; US 10,706,377 B2; 7/7/2020; CPC G06Q 10/0633; 22 claims; assigned to JPMorgan Chase Bank, N.A.

FIELD: The present invention relates generally to the field of data collection and analysis, and more particularly, to the field of analyzing enterprise communications information across various information systems to identify and document efficiency improvement and risk mitigation.

PATENT: Systems and methods for translating a gesture to initiate a financial transaction; US 10,706,396 B2; 7/7/2020; CPC G06Q 20/102; 14 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods for initiating and/or facilitating a financial transaction in response to detecting and translating a spatial gesture may be provided. A payor transaction device may be capable of detecting, via a motion-detecting device, a payor spatial gesture corresponding to a payment gesture of one or more predetermined spatial gestures and, responsive to detecting the payor spatial gesture, receiving payee account information from a payee transaction device. The payor transaction device may also be capable of transmitting, to a payor computing device, transaction data comprising the payee account information and data indicative of the payor spatial gesture. The payor computing device may be capable of transmitting at least a portion of the transaction data to a financial service provider terminal to enable the financial service provider terminal to facilitate the requested transaction.

PATENT: Transfer account machine, non-transitory computer medium having computer program, and associated computer-implemented method; US 10,706,397 B2; 7/7/2020; CPC G06Q 20/108; 18 claims; assigned to Metabank.

ABSTRACT: Embodiments of the present invention include transfer account machines, computer program products, and associated computer-implemented methods of providing prioritized payments from the proceeds of automatic or direct deposits. Embodiments of the present invention include routing automatic deposit information to a financial institution computer managing a prioritized payment program and formulating an outgoing file with both an entry for an automatic deposit destined for a customer account and an entry for a pre-authorized prioritized payment to a select creditor, so that the automatic deposit is credited to the customer account and relatively instantaneously any prioritized payment is debited from the customer account. According to embodiments of the present invention, the customer account can be a prepaid card account so that a customer has effective access on the prepaid card only to a net value of funds.

PATENT: Alternative form factor for financial inclusion; US 10,706,467 B2; 7/7/2020; CPC G06Q 40/02; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT: According to some embodiments, apparatus and methods are provided comprising a connector attachment including a housing, wherein the connector attachment is selectively connectable to a mobile device; and a first token stored within the connector attachment, wherein the first token is operative to execute a transaction with a second token. Numerous other aspects are provided.

PATENT: Contextual searching; US 10,706,468 B2; 7/7/2020; CPC G06Q 40/04; 8 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Contextual searches may be performed to identify subsets of search results from an organized dataset. Contextual searching may return search results based on a relevance of the results to a query or search terms. Characters may be input by users at a search field that may be used to define context filters for limiting the search results of the organized dataset. Triggering events may be received that may trigger the definition of context filters that may be used to obtain the subsets of search results from the organized dataset.

PATENT: Synchronized processing of data by networked computing resources; US 10,706,469 B2; 7/7/2020; CPC G06Q 40/04; 17 claims; assigned to Royal Bank of Canada.

ABSTRACT: Systems, methods, and machine-interpretable programming or other instruction products for the management of data processing by multiple networked computing resources. In particular, the disclosure relates to the synchronization of related requests for processing of data using distributed network resources.

PATENT: Systems and methods for processing full or partially displayed dynamic peg orders in an electronic trading system; US 10,706,470 B2; 7/7/2020; CPC G06Q 40/04; 29 claims; assigned to IEX Group, Inc.

ABSTRACT: A specialized memory structure is provided for storing parts of orders received at an electronic trading system. A received order is divided into a displayed portion and a non-displayed portion, and each portion is allocated to a respective part of the memory structure. The memory structure is configured such that while matching the order with a contra order, priority is given to the displayed portion over the non-displayed portion. If such a match occurs, the displayed portion may be replenished. The matching in the non-displayed portion generally occurs according to rules of applying discretion. The matching in the displayed portion may occur at the displayed price or according to the rules of discretion.

PATENT: Interprocess communication facilitating sellside marketmaking; US 10,706,471 B2; 7/7/2020; CPC G06Q 40/04; 11 claims; assigned to BGC Partners, Inc.

ABSTRACT: An electronic exchange platform configured to: receive respective list of approved Buyside participants for each of a plurality of marketmaking orders; receive a respective marketmaking order for a side of trades on the financial instrument from each of the plurality of Sellside participants; peg a price for the received marketmaking orders to a price relative to and multiple ticks behind a best price on the side in an order book; present market information to Buyside participants identifying marketmaking orders for which the Buyside participants are approved; receive a contra order from a Buyside participant that is approved to trade with a subset of the plurality of marketmaking orders, in which the contra order identifies preferred Sellside participants; distribute the contra order; and determine new best bid and offer in response to the distribution; and adjust remaining marketmaking offers to retain peg in response to determining new best bid or offer.

PATENT: Systems and methods for analysis of digital asset development and transaction behaviors; US 10,706,472 B1; 7/7/2020; CPC G06Q 40/04; 22 claims; assigned to Flipside Crypto, Inc.

ABSTRACT EXCERPT: The fundamental health of a crypto-asset is determined based on factors associated with the development and utility of the crypto-asset. Developer activity data associated with the crypto-asset is received from one or more interfaces associated with one or more development servers associated with the crypto-asset, and a developer activity factor is calculated based on the developer activity data. A connection is established to a blockchain server that maintains a blockchain that tracks transactions associated with the crypto-asset, and transaction data for a plurality of the transactions is received from the blockchain server.

PATENT: Augmented reality account statement; US 10,706,477 B2; 7/7/2020; CPC G06Q 40/12; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: An augmented reality system enables consumers to access additional data and services when reviewing printed account statements. A built-in camera of a mobile device captures an image of the account statement. The captured image is processed to correlate the account statement to an account provider, effectively unlocking a set of customized services related to the account statement being reviewed. The mobile device displays customized services for the user to view and interact with.

June 30, 2020

Total CPC G06Q Subclass (business methods) patents issued:  137

Financial industry business method patents reviewed herein:   10

PATENT:  Dynamic prediction modeling; US 10,699,233 B1; 6/30/2020; CPC G06Q 10/0635; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: According to one embodiment, a method includes creating a joined pair including a snapshot time and the forecast time. The joined pair is stored in the storage device. A subset of data associated with the joined pair is selected from data stored in the storage device. The subset of data is selected based, at least in part, on predetermined increments of time between the snapshot time and the forecast time. The snapshot time, the forecast time, and the subset of data is provided to a processing device from the storage device.

PATENT: Mirrored token vault; US 10,699,270 B2; 6/30/2020; CPC G06Q 20/385; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Embodiments are directed to a first token vault managed by a token service provider and a second token vault managed by a second entity. The first token vault is continuously synchronized with the second token vault in real-time. That is, the data in the second token vault is updated simultaneously with or immediately after the data in the first token vault is updated.

PATENT: System and method for managing and trading auction limit orders in a hybrid auction market; US 10,699,336 B2; 6/30/2020; CPC G06Q 40/04; 18 claims; assigned to New York Stock Exchange LLC.

SUMMARY: The inventions relate to the field of securities trading, and more particularly to systems and methods for automatic order processing and execution in conjunction with a live floor auction market.

PATENT: System and method for regulating order entry in an electronic trading environment; US 10,699,337 B2; 6/30/2020; CPC G06Q 40/04; 14 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: A system and method are provided for defining slop parameters to an individual spread order or a customized group of orders. The system and method may be used to, for example, define inside slop, outside slop, and/or adjustable range parameters to one or more orders. The inside slop, outside slop, and/or adjustable range parameters may be input by a trader, and, among other things, allow a trader to prioritize orders, set parameters so that some orders are re-priced more aggressively than other spread orders.

PATENT: System and method for buy-side order matching; US 10,699,338 B2; 6/30/2020; CPC G06Q 40/04; 15 claims; assigned to Fidessa Trading UK Limited.

SUMMARY: The presently disclosed subject matter provides techniques for buy-side order matching, and more particularly to techniques for buy-side order matching without sell-side involvement in discovering a counterparty for an order.

PATENT: Dynamic generation of order entry fields on a trading interface; US 10,699,339 B2; 6/30/2020; CPC G06Q 40/04; 20 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Some embodiments of the invention provide systems and methods for displaying market data for a tradable object which are configured to generate order entry fields for display responsive to user input wherein the generated fields are automatically associated with a price for the tradable object to facilitate the timely placement of a trade.

PATENT: Blockchain instrument for transferable equity; US 10,699,340 B2; 6/30/2020; CPC G06Q 40/04; 29 claims; assigned to Equity Shift, Inc.

ABSTRACT: Systems and methods for offering and purchasing tokenized securities on a blockchain platform meeting current and future federal, state, and offering and holding entity rules and regulations. Tokenized securities purchased during or after the tokenized securities offering are tradable on a secondary market. The server computer of the tokenized securities provides an automated transfer capability for tokenized securities holders.

PATENT: System and method for performing automatic spread trading; US 10,699,341 B2; 6/30/2020; CPC G06Q 40/04; 11 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: 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 tradable 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.

PATENT: Computing architecture for managed-account transactions; US 10,699,342 B2; 6/30/2020; CPC G06Q 40/06; 18 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 purchase one or more units of an asset for an account of a client, a computing system may identify a customized rule for the account, the client, and/or the asset.

PATENT: System and method of enabling asset leasing on a token enabled payment card network; US 10,699,354 B2; 6/30/2020; CPC G06Q 50/163; 13 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: Methods and systems for processing booking transactions are provided. A server received a transaction request to book an asset for a time period. The transaction request comprises a token identifier assigned to the asset and data identifying the time period. The server then identifies token data associated with the asset based on the token identifier and determines availability of the asset during the time period based on the token data.

June 23, 2020

Total CPC G06Q Subclass (business methods) patents issued:  147

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for dynamic savings based on actual use for network enabled properties; US 10,692,056 B1; 6/23/2020; CPC G06Q 20/10; 15 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Systems and methods of automatically adjusting a transfer amount to an account on a financial institution computer system associated with a network enabled property from one or more accounts associated with users of the property are described.

PATENT: Prepayment validation by originator and beneficiary; US 10,692,057 B1; 6/23/2020; CPC G06Q 20/10; 28 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method performed by a global transaction validation system includes receiving a transaction request from an originator, processing the transaction request by generating a data message containing the transaction data and by generating a notification message including at least part of the transaction data, transmitting the data message to the recipient financial institution, transmitting the notification message to a recipient device associated with the transaction recipient, receiving a return notification from the recipient device, and validating the transaction request based on the return notification indicating that the transaction is valid.

PATENT: Systems and methods for paper check processing and payee setup; US 10,692,066 B1; 6/23/2020; CPC G06Q 20/223; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Methods and systems of generating payees from paper check deposits are disclosed. A financial institution computing system includes a data storage system, a network interface logic enabling the financial institution to exchange data over a network, a check processing logic, and a payment transaction logic. The check processing logic obtains payee information using a paper check deposit request submitted by a recipient. The payment transaction logic uses the payee information to create and store the potential payee in the data storage system.

PATENT: Mobile device containing contactless payment device; US 10,692,071 B2; 6/23/2020; CPC G06Q 20/352; 20 claims; assigned to Visa U.S.A. Inc.

ABSTRACT EXCERPT: An apparatus such as a mobile phone includes a contactless smart card or payment device, where the smart card is intended for use in both commerce transaction payment and transit fare payment (or other venue access) environments. The payment device may function as both an electronic wallet for commerce transactions and as a transit system card, for access to and fare payment of transit services.

PATENT: Secure data exchange; US 10,692,138 B1; 6/23/2020; CPC G06Q 40/02; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: In an example, a computer-implemented method includes determining a set of permissions that specifies types of account data of one or more financial accounts to share with a third-party, the one or more financial accounts being associated with a user and held by a financial institution, and generating authorization data that authenticates the third-party and authorizes the third-party to access the types of account data specified by the set of permissions.

PATENT: System and method for processing composite trading orders; US 10,692,142 B2; 6/23/2020; CPC G06Q 40/04; 26 claims; assigned to BGC Partners, Inc.

ABSTRACT: A system for processing a composite trading order comprises a memory operable to store market data received from one or more market centers. The system further comprises a processor operable to generate a composite value based at least in part on the market data. The processor is further operable to receive a composite trading order associated with at least a portion of the composite value. The processor is further operable to generate a plurality of constituent trading orders that, when filled, combine to satisfy the composite trading order.

PATENT: Transactionally deterministic high speed financial exchange having improved, efficiency, communication, customization, performance, access, trading opportunities, credit controls, and fault tolerance; US 10,692,143 B2; 6/23/2020; CPC G06Q 40/04; 22 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: Multi-path routing system including an integrity mechanism; US 10,692,144 B2; 6/23/2020; CPC G06Q 40/04; 34 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A routing system rapidly determines whether messages received by a data transaction processing system related to data objects in a computing system should be routed through or bypass integrity modules designed to detect and mitigate undesirable object conditions. The routing system may, in one embodiment, rely upon previous decisions made by the integrity modules. The routing system may also access data structures storing information about a current environment state to determine whether a message should be routed through the time consuming integrity modules. The routing system may additionally determine and specify which values associated with a message should be checked against integrity module logic.

PATENT: System and method for pre-marshalling messages in an electronic trading environment; US 10,692,145 B2; 6/23/2020; CPC G06Q 40/04; 13 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: System and methods for pre-marshalling messages in an electronic trading environment are provided. Specifically, pre-marshalling messages allows for client and network devices to create messages in response to a defined first condition. Pre-marshalling messages allows a trading system to do more processing up front before the message is needed and when a second condition is satisfied. Thus, when the message is needed no further or very little processing must be performed to generate and send the message.

PATENT: Deploying and implementing centralized trading and tracking computing platforms to support tri-party trading; US 10,692,146 B2; 6/23/2020; CPC G06Q 40/04; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Methods, systems, and computer-readable media for deploying and implementing centralized trading and tracking computing platforms to support tri-party trading are presented. In some embodiments, a central trading computing platform may receive, from a retirement group accounts administration computer system associated with a financial institution, trade information defining one or more trades in one or more mutual funds for one or more accounts administrated by the financial institution. Subsequently, the central trading computing platform may validate the trade information and create order information based on the trade information. Then, the central trading computing platform may send the order information to a clearing entity computer system.

June 16, 2020

Total CPC G06Q Subclass (business methods) patents issued:  121

Financial industry business method patents reviewed herein:   10

PATENT: Method and system for providing sales information and insights through a conversational interface; US 10,685,301 B2; 6/16/2020; CPC G06Q 10/06311; 22 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method and system are described that provide responses to natural language queries regarding the performance of a business. The method and system processes data from multiple data sources including information generated by the business and analyzes the data to provide actionable suggestions as to how to determine how to improve the performance of the business. The use of natural language queries allows for a merchant without a business intelligence background obtain these insights easily.

PATENT: Systems and methods for calendar sharing by enterprise web applications; US 10,685,330 B2; 6/16/2020; CPC G06Q 10/1093; 23 claims; assigned to Nasdaq, Inc.

ABSTRACT: The described technology relates to integrating events electronically scheduled in enterprise web applications and other event applications. A capability is provided for events created by an enterprise web application and events from other external event streams to be presented in a consolidated calendar in the enterprise web application. Capabilities are also provided for sharing the calendar among enterprise users and non-enterprise users, and for efficiently generating the shared calendar.

PATENT: Electronic payment clearing and check image exchange systems and methods; US 10,685,337 B2; 6/16/2020; CPC G06Q 20/042; 20 claims; assigned to The Clearing House Payments Company L.L.C.

FIELD: The present invention relates generally to electronic payment and check presentment systems and methods, and more particularly, to centrally accountable peer-to-peer payment clearing, electronic check presentment and the exchange of digital check images. The present invention also generally relates to a distributed system architecture for implementing these systems and methods.

PATENT: Authorizing a payment transaction using seasoned data; US 10,685,338 B2; 6/16/2020; CPC G06Q 20/12; 19 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: A system, apparatus, and method for expediting the authorization of an electronic payment transaction. Authorization of a transaction at a node of an authorization network is the result of inferring the trustworthiness of a customer to the transaction using data obtained from a different node of the authorization network. The authorization process is expedited by relying on the previous authentication decision of another node, where the previous decision may have been made based on a different payment device or different user inputs.

PATENT: Systems and methods for use in routing funds, associated with transactions, to direct-pay accounts; US 10,685,342 B2; 6/16/2020; CPC G06Q 20/24; 16 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: Systems and methods are provided for rerouting funds, associated with transactions between consumers and merchants, to direct-pay accounts associated with creditors that provide loan and/or credit arrangements to the merchants. One exemplary method generally includes identifying, by a computing device, funds directed to a primary payment account associated with a merchant during settlement of at least one transaction for which funds are directed to the merchant.

PATENT: Trusted internal interface; US 10,685,343 B2; 6/16/2020; CPC G06Q 20/322; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: An interface and device architecture for a payment device. An interface between a payment application installed in a payment device and one or more value-add applications (such as loyalty programs, transit applications, etc.) that are also installed in the payment device. The API or interface design permits communications and data transfer between the payment application and one or more value-add applications. This reduces (and in some cases may prevent) the need for back-end server processing of data that may be relevant to both a payment transaction and to a function of the value-add application.

PATENT: Systems and methods for electronic geocaching; US 10,685,345 B2; 6/16/2020; CPC G06Q 20/3226; 19 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method and system for transferring electronic units of value to a mobile device using a computer device coupled to a database are provided. The method includes establishing a transfer account associated with the mobile device, initiating, by the mobile device, a transfer of an identifier encoded in a geo.Chip to the mobile device, receiving, by the mobile device, the identifier and a geolocation of the mobile device, transmitting the received identifier and geolocation for verification of the identifier using the geolocation, and receiving, by the mobile device, an indication of the units of value associated with the geo.Chip location.

PATENT: Systems and methods for cryptographic authentication of contactless cards; US 10,685,350 B2; 6/16/2020; CPC G06Q 20/3829; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Example embodiments of systems and methods for data transmission between a contactless card and a client device in support of a FIDO authentication are provided. In an embodiment, upon receipt of a challenge issued by a server in connection with a pending transaction, the contactless card may authorize the client device to utilize a FIDO private key to respond to the challenge. If the response to the challenge is successful, the FIDO authentication may proceed and the transaction may be completed.

PATENT: Connected device-triggered failure analysis; US 10,685,397 B2; 6/16/2020; CPC G06Q 40/02; 35 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The present disclosure involves systems and computer implemented methods for performing a failure analysis on a device monitored by at least one connected device, where in response to a determination of an impending failure, at least one corrective action is determined and suggested to the user of the monitored device.

PATENT: Systems and methods for providing context to customer activity through a visual representation; US 10,685,406 B1; 6/16/2020; CPC G06Q 40/12; 22 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A system and method provide context to customer activity through a visual representation. In one implementation, a system may include one or more memory devices storing instructions. The system may also include one or more processors configured to execute the instructions to receive transaction data associated with a customer, and receive a request to generate a visual representation of a trip taken by the customer.

June 9, 2020

Total CPC G06Q Subclass (business methods) patents issued:  163

Financial industry business method patents reviewed herein:   10

PATENT: Enterprise fulfillment system with dynamic prefetching capabilities, secured data access capabilities and system monitoring; US 10,679,160 B1; 6/9/2020; CPC G06Q 10/06315; 38 claims; assigned to JPMorgan Chase Bank, N.A.

FIELD: Embodiments of the present invention are related generally to systems and methods for managing customer requests for information, resources and services for an institution containing a plurality of business units, including the dynamic delivery of information for processing such requests.

PATENT: Method and system for distributing and tracking information; US 10,679,183 B2; 6/9/2020; CPC G06Q 10/10; 20 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: Aspects of the present invention are directed to a method and system for distributing information from an information distributor in a banking environment. The method may include composing an electronic notification instrument by providing a notification component and providing a payload component, the payload component including a selectable link.

PATENT: Profile based arrangements and methods for disparate network systems; US 10,679,194 B1; 6/9/2020; CPC G06Q 20/10; 20 claims; assigned to U.S. Bank National Association.

ABSTRACT: Electronic transaction data sets are processed for a multitude of disparate transactions using a plurality of autonomous payment networks. A software-programmed computer circuit receives and processes electronic transaction data to identify and use electronic ID data to retrieve stored profile data. The computer circuit then uses the retrieved profile data to select one of a plurality of payment networks available to each of a buyer and seller involved in the transaction. Electronic payment is carried out using the selected payment networks.

PATENT: Systems and methods for real time credit extension and bill pay configuration; US 10,679,285 B1; 6/9/2020; CPC G06Q 40/025; 6 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Systems and methods of completing purchase transactions that include a loan are disclosed. A system includes an account database configured to retrievably store information relating to at least one account associated with at least one customer and a network logic configured to enable the system to exchange information over a network. The system further includes a transaction processing logic.

PATENT: Systems and methods for intelligent income verification to improve loan contract funding; US 10,679,286 B1; 6/9/2020; CPC G06Q 40/025; 14 claims; assigned to Capital One Services, LLC.

FIELD: This disclosure relates to systems and methods for using processes to compare applicant stated income with verified income and determining associated risk factors, loan deal structure components, and contract terms. More specifically, and without limitation, this disclosure relates to systems and methods for verifying income of a loan applicant, as well as, systems and methods for monitoring an automated income verification process for a population of applicants.

PATENT: Electronic trading system and method that provide real-time trade analytics; US 10,679,287 B2; 6/9/2020; CPC G06Q 40/04; 17 claims; assigned to Virtu ITG Software Solutions LLC.

ABSTRACT: The present invention relates generally to electronic trading systems. More particularly, the present invention relates to systems and methods for providing, within an electronic trading process, real-time or near real-time pre- and post-trade analytics to assist traders make the decision of how to trade electronically a particular tradeable asset. Pre- and post-trade analytics can be displayed to a trader without affecting their workflow. Moreover, pre- and post-trade analytics can be used to make trading recommendations, to select or modify a trading strategy, to select and or modify trading destinations, brokers, algorithms or venues, and/or to automatically generate and transmit electronic trade orders or to effect trades.

PATENT: System and method for configuring trade order parameters; US 10,679,288 B2; 6/9/2020; CPC G06Q 40/04; 7 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: The example methods and systems described herein provide for configuration of one or more trade order parameters to associate with one or more trade orders, where the trade orders may be submitted to one or more electronic exchanges. According to an example embodiment, rather than having the trader manually configure each individual parameter associated with each trade order, a trader can pre-configure customer and order parameters.

PATENT: Methods and systems to prevent adverse exchange limit effects; US 10,679,289 B2; 6/9/2020; CPC G06Q 40/04; 9 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Methods and systems to prevent adverse exchange limit effects are disclosed. An example method of message management includes tracking, at a gateway, a transaction count of trade messages communicated to an exchange via an exchange link. The example method includes defining a first transaction limit based on the transaction count, and calculating a second transaction limit as a function of the first transaction limit, wherein the second transaction limit is to correspond to a reserve capacity associated with the exchange link.

PATENT: Distribution of electronic market data; US 10,679,290 B2; 6/9/2020; CPC G06Q 40/04; 14 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels.

PATENT: Methods and systems for maximizing share purchase under an employee stock purchase plan with limited payroll deductions; US 10,679,291 B2; 6/9/2020; CPC G06Q 40/04; 18 claims; assigned to Carver Edison, Inc.

CLAIM 1: The preamble of claim 1 recited a method of maximizing a number of shares purchased under an employee stock purchase plan with limited employee capital contributions.

June 2, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for detecting potentially compromised payment cards; US 10,671,980 B2; 6/2/2020; CPC G06Q 20/02; 19 claims; assigned to MasterCard International Incorporated.

FIELD: The field of the disclosure relates generally to increasing security surrounding online payment card transactions, and more specifically to method and systems for determining when and where payment card numbers stored by merchants have been compromised.

PATENT: System and method for processing an online transaction request; US 10,671,984 B2; 6/2/2020; CPC G06Q 20/1085; 20 claims; assigned to The Toronto-Dominion Bank.

FIELD: This patent application relates to a system and method for processing an online transaction. In particular, this patent application describes a system and method for processing an online transaction that is initiated with a hardware token.

PATENT: Methods and systems for processing an electronic payment; US 10,671,988 B2; 6/2/2020; CPC G06Q 20/20; 12 claims; assigned to MasterCard Asia/Pacific Pte. Ltd.

FIELD: This invention relates to a method and system for processing an electronic payment. In particular, it provides a method and system for securing transaction data in an electronic payment carried out over a payment network.

PATENT: Payment card with budget display; US 10,671,995 B1; 6/2/2020; CPC G06Q 20/341; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Various examples are directed to payment cards with budget displays including systems and methods for using the same. A payment card may comprise a display and a control circuit. The control circuit may display, at the display of the payment card, a first display state indicating a first unused portion of a budget amount for a current budget period.

PATENT: Method for authenticating financial instruments and financial transaction requests; US 10,672,009 B2; 6/2/2020; CPC G06Q 30/0185; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A method for authenticating a check of a plurality of checks where the check was previously issued from a first party to a second party, including receiving first information from the first party, storing the first information in a file of a third party and receiving the check.

PATENT: Method, apparatus and interface for transaction toggling; US 10,672,069 B2; 6/2/2020; CPC G06Q 40/04; 17 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A method for submitting transactions from an automated trading tool to an electronic exchange. The method includes defining a proximity limit and automatically generating a transaction for a tradeable object. The method further includes applying the proximity limit to the transaction. When the transaction falls within the defined proximity limit, the transaction is submitted to the exchange. An apparatus and interface for transaction toggling based on proximity limits are also provided.

PATENT: Method and system for initiating and clearing trades; US 10,672,070 B2; 6/2/2020; CPC G06Q 40/04; 8 claims; assigned to American International Group, Inc.

ABSTRACT EXCERPT: A system and method are provided for facilitating the exchange of data between one or more price providers and customers who communicate with the price providers through various portals, each of which may use it own data format.

PATENT: System and method for event-based trading; US 10,672,071 B2; 6/2/2020; CPC G06Q 40/04; 13 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: A system and method for news-based trading are developed. According to one method, a trader can pre-define a trading strategy including a number of trading rules to be applied based on a comparison of one or more estimated event values to the respective actual event values to be released at some later time.

PATENT: Systems and methods for providing a trading interface with advanced features; US 10,672,073 B2; 6/2/2020; CPC G06Q 40/04; 20 claims; assigned to BGC Partners, Inc.

ABSTRACT EXCERPT: Systems and methods for a trading interface with advanced features are provided. Using these systems and methods, a user may create orders, manipulate orders, cancel orders, configure alternative keyboard settings, and/or obtain additional information on transactions. When a user clicks on a bid and/or offer, a dialog box may pop-up, thereby providing the user with multiple options.

PATENT: System and method for coordinating automated and semi-automated trading tools; US 10,672,074 B2; 6/2/2020; CPC G06Q 40/04; 14 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: The present embodiments include methods, systems, and computer program products that provide tools for use in any type of electronic trading environment. In one aspect, leaning manager includes software that can be implemented on any type of computer device for tracking and/or coordinating the buying and selling of available market quantities by multiple automated or semi-automated trading tools.

May 26, 2020

Total CPC G06Q Subclass (business methods) patents issued:  140

Financial industry business method patents reviewed herein:   10

PATENT: Automated check encoding error resolution; US 10,664,811 B2; 5/26/2020; CPC G06Q 20/042; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Aspects of the disclosure relate to enhanced check processing systems with improved check validation features and enhanced information security. A computing platform may determine whether a correlation between source data and metadata associated with a check exceeds a predetermined correlation threshold. Based on determining that the correlation does not exceed the predetermined correlation threshold, the computing platform may direct an OCR computing system to perform character recognition on the check.

PATENT: Systems and methods for transaction pre-fetching, processing and provisioning through smart vehicle electronic system and back-end cloud infrastructure; US 10,664,813 B2; 5/26/2020; CPC G06Q 20/18; 14 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: Systems and methods for transaction pre-fetching, processing and provisioning through smart vehicle electronic system and back-end cloud infrastructure are disclosed.

PATENT: Systems and methods for associating a mobile device with a point of sale terminal; US 10,664,819 B1; 5/26/2020; CPC G06Q 20/204; 21 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: Systems and methods for associating a mobile device with a point of sale terminal are disclosed.

PATENT: Unique code for token verification; US 10,664,843 B2; 5/26/2020; CPC G06Q 20/4018; 18 claims; assigned to Visa International Service Association.

ABSTRACT: A method for tokenizing credentials is disclosed. In addition to a token, a verification value can be provided for each interaction. The verification value can be generated based at least in part on a dynamic data element. The dynamic data element may be kept secret, while the verification value can be distributed for use during an interaction. When the verification value is used, it can be validated by re-creating the verification value based at least on the stored dynamic data element.

PATENT: Computing device and method for the temporal arrangement of data; US 10,664,906 B2; 5/26/2020; CPC G06Q 40/02; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: A device and method for management of an account. An event placement timeline is displayed. Account events are shown along the timeline. A preferred event time range or "safe zone" is shown along the timeline. The "safe zone" is the portion of the month during which it is safe to schedule certain events, like bill payments, with lower risk of NSF, overdraft or the like. The user moves a movable object into the "safe zone" to reschedule the account event in the "safe zone", and the settings of the account are modified to automatically execute the account event at that time.

PATENT: System and method for displaying trading data; US 10,664,911 B2; 5/26/2020; CPC G06Q 40/04; 13 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A system and method are provided for presenting trading information. One example method includes displaying a plurality of effective trade indicators corresponding to price levels at which effective trades have been initiated, and displaying trading information corresponding to each effective trade. The effective trades can be determined based on user-configured trade definitions. The trading information can include a traded quantity and profit/loss corresponding to each effective trade. In addition to the trading information, current market information could be displayed as well in relation to the plurality of effective trades.

PATENT: Synchronized processing of data by networked computing resources; US 10,664,912 B2; 5/26/2020; CPC G06Q 40/04; 20 claims; assigned to Royal Bank of Canada.

ABSTRACT: Systems, methods, and machine-interpretable programming or other instruction products for the management of data transmission by multiple networked computing resources. In particular, the disclosure relates to the synchronization of related requests for transmitting data using distributed network resources.

PATENT: Multi-broker order routing based on net position; US 10,664,913 B2; 5/26/2020; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: The disclosed embodiments provide tools for multi-broker order routing based on net position at a broker. The net position of a user at a broker to receive a portion of a trade order is considered when allocating the quantity for the trade order to multiple brokers.

PATENT: Portfolio optimization and evaluation tool; US 10,664,914 B2; 5/26/2020; CPC G06Q 40/06; 16 claims; assigned to American International Group, Inc.

ABSTRACT: A computer system configured to evaluate a portfolio comprising instruments, comprising a computer memory configured to store, for each instrument, an instrument value for each portfolio scenario in an n-dimensional matrix, a first constraint and a second constraint; and a computer processor configured to transpose the n-dimensional matrix, to determine a first solution by maximizing the product of transpose of the n-dimensional matrix and the first constraint, determine whether the first solution is within an accepted range of an acceptable risk, if the expected first solution is not within an accepted range of an acceptable risk, process the second constraint with the first solution to obtain a second solution, and determine whether the second solution is within the accepted range of the acceptable risk.

PATENT: Systems and methods for implementing a platform for investing; US 10,664,916 B2; 5/26/2020; CPC G06Q 40/06; 33 claims; assigned to The Bank of New York Mellon.

ABSTRACT: Systems and methods to implement a platform for investing allow customers to purchase shares of investment funds using a balance in a closed-loop stored-value account, a financial account, and/or both. Part of a balance is (periodically or automatically) withdrawn, and used to fund the purchase. Purchases may be triggered by predetermined and specified content and/or activity occurring in a social media stream associated with a customer. Withdrawals from multiple customers may be aggregated into a single periodical transaction.

May 19, 2020

Total CPC G06Q Subclass (business methods) patents issued:  153

Financial industry business method patents reviewed herein:   10

PATENT: Aggregated entity resource tool; US 10,657,478 B2; 5/19/2020; CPC G06Q 10/0637; 17 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention are directed to a system, method, or computer program product for creating a control dashboard for user interactions. The application may be utilized by a user in connection with a third party exchange system, small business, or individually. As such, the invention may extract data from multiple user and competitor locations. The invention coordinates the data and generates components for the dashboard that includes resource flows, outside entity user information, and aggregation integration in a customizable, real-time modified dashboard.

PATENT: Jira data visualization; US 10,657,497 B1; 5/19/2020; CPC G06Q 10/103; 17 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Systems and methods are provided for the generation of a consolidated data repository report in order to visualize a consolidated and holistic view of the work for an entire organization. Such consolidated data reports may be transformed and modified to further enhance the visual and readability aspects of the report.

PATENT: System and method of providing a customer with method of making a payment to a third party using a remote dispensing machine; US 10,657,503 B1; 5/19/2020; CPC G06Q 20/10; 12 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods for a financial transaction system are provided. Additionally, computer-implemented methods for providing a customer with a method of making a payment to a third party. These methods may include generating a token associated with financial transaction information and representing a single transaction to the third party on behalf of the customer, where the financial transaction information may include a payment amount, transmitting the token based on the financial transaction information to a system, and receiving the token from the third party at the remote dispensing machine.

PATENT: Automated transactions clearing system and method; US 10,657,530 B2; 5/19/2020; CPC G06Q 20/401; 35 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Embodiments of the present invention are related to systems and methods of verifying the integrity of transactions that traverse through complex system workflows, and particularly, verifying the integrity of financial and non-financial transactions that traverse through a plurality of financial systems making up one or more system workflows. In one embodiment, a clearing system is disclosed to include a central clearing engine configured for processing a plurality of transactions by retrieving transaction data of at least one transaction of the plurality of transactions from at least one data source based on a selection received. After parsing the transaction data, the central clearing engine may verify transaction data integrity based on the transaction data and determine a result, and generate a report based on the result.

PATENT: Listing and expiring cash settled on-the-run treasury futures contracts; US 10,657,587 B2; 5/19/2020; CPC G06Q 40/00; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: The disclosed embodiments relate to determining a listing date, an expiration date and the cash settlement price of a futures contract, i.e. a Treasury Futures, for the delivery of the most recently issued, referred to as an on-the-run, US treasury Note of a particular maturity by reference to the U.S. Treasury Auction cycle and the difference between a resultant industry surveyed swap rate and a resultant industry surveyed swap spread of the respective tenors (time remaining until maturity) of the on-the-run treasury futures.

PATENT: Digital bank branch; US 10,657,589 B2; 5/19/2020; CPC G06Q 40/02; 20 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: A digital bank branch system is provided for associating a customer communicating over a network with a banking host system with a physical bank branch. The digital bank branch system includes at least one computer memory storing customer information and instructions and at least one computer processor accessing and executing the stored instructions to perform multiple steps.

PATENT: System and method for an electronic lending system; US 10,657,590 B2; 5/19/2020; CPC G06Q 40/025; 10 claims; assigned to Branch Banking and Trust Company.

ABSTRACT EXCERPT: A method for interfacing with a financial institution using a computer interface is disclosed for on-line or E-Lending. A customer selects a lending product on the website of a financial institution. The financial institution receives information to authenticate the customer, and receives additional information related to the financial history and lending needs from the customer. The terms and conditions related to the lending product are presented to the customer and an authorization to an application is received from the customer.

PATENT: System and method for processing a trade order; US 10,657,592 B2; 5/19/2020; CPC G06Q 40/04; 23 claims; assigned to Intercontinental Exchange, Inc.

ABSTRACT: Systems and apparatus for processing a trade order include a computer configured for receiving market data for a financial asset, receiving pricing parameters and receiving proposed order quantity and price data. The computer is further configured for constructing proposed trades based on the proposed order quantity and price data, and for calculating a theoretical price for the financial asset based on the market data, pricing parameters as well as the proposed order price data. In addition, the computer is configured for comparing the constructed trades with the theoretical price, and displaying market data indicators relative to the theoretical price indicators based on the comparison.

PATENT: Method and system for intelligent routing of insights; US 10,657,594 B2; 5/19/2020; CPC G06Q 40/04; 16 claims; assigned to MasterCard International Incorporated.

FIELD: The present disclosure relates to the routing of insights on target individuals to an entity, specifically the routing of insights to one of a plurality of entities associated with an individual based on a combination of entity bidding and the individual's propensity for continued interaction with each entity.

PATENT: Method of tokenization of asset-backed digital assets; US 10,657,595 B2; 5/19/2020; CPC G06Q 40/04; 6 claims; assigned to Responsible Gold Operations, LTD.

ABSTRACT: A system and method for issuing, managing, and transferring asset-backed asset tokens is provided. The system comprises a mint component and a commerce component. The commerce component provides an interface through which customers can purchase asset tokens. The commerce component interfaces with the mint component to control the issuance of the asset tokens in the name of the purchasing customers.

May 12, 2020

Total CPC G06Q Subclass (business methods) patents issued:  151

Financial industry business method patents reviewed herein:   10

PATENT: Document tracking and correlation; US 10,650,358 B1; 5/12/2020; CPC G06Q 20/0453; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: A device receives receipt data of a receipt of a transaction for a product, and processes, using a term matching technique, the receipt data to identify transaction information including a transaction date and product information. The device determines that the transaction caused a user to be covered by or eligible for a warranty for the product, generates a tag identifying the product, and associates, using a data structure, the product information, data identifying the warranty, and the tag with a record of the transaction that is accessible via a program that allows the user to search for the receipt or terms of the warranty. The device performs actions associated with assisting the user in managing the warranty, such as by reminding the user of an expiration date of the warranty and/or by assisting the user in submitting a claim based on the warranty.

PATENT: Systems and methods for managing transactions by consolidating associated transactions; US 10,650,369 B1; 5/12/2020; CPC G06Q 20/29; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Disclosed are methods, systems, and non-transitory computer-readable medium for managing transactions by consolidating associated transactions. For instance, a method may include receiving transaction information for a transaction. The transaction information may include an identifier and a transaction amount associated with the transaction. The method may further include comparing the transaction amount to a threshold to determine whether the transaction amount is equal to or above the threshold, or whether the transaction amount is below the threshold.

PATENT: System and method for enabling a mobile communication device to operate as a financial presentation device; US 10,650,371 B2; 5/12/2020; CPC G06Q 20/3226; 20 claims; assigned to Visa U.S.A. Inc.

ABSTRACT EXCERPT: A provisioning system for enabling a mobile communication device to operate as a financial presentation device (FPD) presentable to providers of goods or service is provided. The provisioning system relies on a transaction processing system that normally routes authorization requests from merchants to issuers of FPDs for purposes of authorizing FPD transactions. The transaction processing system stores security keys of all issuers in order to validate transaction data sent from the merchants.

PATENT: Synchronized processing of data by networked computing resources; US 10,650,450 B2; 5/12/2020; CPC G06Q 40/04; 18 claims; assigned to Royal Bank of Canada.

FIELD: The present disclosure relates generally to systems, methods, and machine-interpretable programming or other instruction products for the management of data processing by multiple networked computing resources. In particular, the disclosure relates to the synchronization of related requests for processing of data using distributed network resources. Aspects of the material disclosed in this application relate to the holding, transfer, and/or administration of securities and other financial interests. Aspects of such holding, transfer, and/or administration may be subject to regulation by governmental and other agencies. The disclosure herein is made solely in terms of logical, programming, and communications possibilities, without regard to statutory, regulatory, or other legal considerations.

PATENT: System and method for coalescing market data at a network device; US 10,650,451 B2; 5/12/2020; CPC G06Q 40/04; 14 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A network device coalesces data received from an exchange, and provides a user with the opportunity to receive fewer, but up-to-date, data updates from an exchange when duplicate prices become available or a large volume of prices becomes available suddenly. Accordingly, the trader can be assured of receiving non-duplicated prices that are fed at a rate that is cohesive with that trader's connection speed. The present invention is designed to conserve on bandwidth thereby increasing the likelihood that bandwidth will be available to receive desirable market information.

PATENT: Method and interface for consolidating price levels on a trading screen; US 10,650,453 B2; 5/12/2020; CPC G06Q 40/04; 13 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A trading screen may display price and quantity information for price levels in a static axis of prices. The static axis of prices may be divided into two or more different regions. The price and quantity information for one or more of the regions may be consolidated from price and quantity information from plurality of un-consolidated price levels.

PATENT: Large liquidity seeking trading platform; US 10,650,454 B2; 5/12/2020; CPC G06Q 40/04; 12 claims; assigned to NYSE Group, Inc.

CLAIM 1 EXTRACT: An electronic trading system for executing trades, the final step being to execute, by the order manager, one or more trades between the inbound order and the one or more auction orders based on the auction order limit prices, the inbound limit price and the determined display price.

PATENT: Methods, software, and systems for over-the-counter trading; US 10,650,455 B2; 5/12/2020; CPC G06Q 40/04; 22 claims; assigned to Intercontinental Exchange Holdings, Inc.

CLAIM 1 EXTRACT: A method for providing real time verification and display of data identified as suspect data in an electronic trading system, the electronic trading system comprising a processor, a computer-readable medium, a screen, and a telecommunications line.

PATENT: Coupon blending of a swap portfolio; US 10,650,457 B2; 5/12/2020; CPC G06Q 40/06; 21 claims; assigned to Chicago Mercantile Exchange Inc.

CLAIM 8 EXTRACT: A method for generating, for an original portfolio of swap instruments having associated economic characteristics, a replacement portfolio of swap instruments which replicates the associated economic characteristics but requires less electronic data storage to store data indicative thereof.

PATENT: Single use account pool processing system and method; US 10,650,472 B2; 5/12/2020; CPC G06Q 40/12; 20 claims; assigned to Visa International Service Association.

ABSTRACT: Embodiments are directed to systems, apparatus, and methods for account pool processing. In some embodiments, a server computer can store account information for a first pool of accounts and a second pool of accounts. The server computer can receive a payment request message from a buyer that identifies a payment amount and a supplier, and can determine that the payment amount corresponds to the first or second pool of accounts. If the payment amount corresponds to the first pool of accounts, the server computer can select an account from the first pool of accounts, and can transmit account information for the selected account to the supplier. If the payment amount corresponds to the second pool of accounts, the server computer can select an account from the second pool of accounts, and can transmit account information for the selected account to the supplier.

May 5, 2020

Total CPC G06Q Subclass (business methods) patents issued:  140

Financial industry business method patents reviewed herein:   10

PATENT: Mobile services remote deposit capture; US 10,643,191 B2; 5/5/2020; CPC G06Q 20/10; 10 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Systems and methods disclosed herein include a mobile solution to enable users to perform financial transaction over a network using a mobile device. These techniques allow users to maintain a single personal account identifier or number ("PAN") on the user's mobile device and to utilize it to access a plurality of linked financial accounts and sub-accounts. Any one of the accounts can be selected by a user on the mobile device to remotely deposit funds to that account based on an image of a financial payment instrument.

PATENT: Data transfer between self-service device and server over session or connection in response to capturing sensor data at self-service device; US 10,643,192 B2; 5/5/2020; CPC G06Q 20/34; 18 claims; assigned to Bank of America Corporation.

FIELD: one or more aspects of the disclosure generally relate to computing devices, computing systems, and computer software that may be used to transfer data between one or more self-service device and one or more server over a session and/or connection, such as in response to capturing sensor data at the self-service device.

PATENT: Methods and systems for managing consumer savings with credit card transactions; US 10,643,275 B2; 5/5/2020; CPC G06Q 40/02; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: In one aspect, a computer-implemented method for managing consumer savings initiated from a payment card transaction is included. The payment card transaction involves a cardholder and a payment card of the cardholder. The method uses a computer device in communication with an issuing bank. The computer device includes a memory. The method includes receiving, by the computer device, transaction data associated with the payment card transaction. The transaction data separately identifies a payment amount and a savings amount.

PATENT: Systems and computer-implemented processes for model-based underwriting; US 10,643,276 B1; 5/5/2020; CPC G06Q 40/025; 14 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: Systems and methods for bill payment with dynamic loan capacity; US 10,643,277 B2; 5/5/2020; CPC G06Q 40/025; 19 claims; assigned to American Express Travel Related Services Company, Inc.

ABSTRACT: A system may detect an outstanding account of a borrower having an outstanding amount. The system may also display a loan-request interface associated with the outstanding account with the loan-request interface activated in response to the outstanding amount being within the dynamically calculated loan capacity. The system may receive an input via the loan-request interface to request a loan based on the outstanding amount. A request for the loan may be transmitted in response to the input.

PATENT: Futures margin modeling system; US 10,643,278 B2; 5/5/2020; CPC G06Q 40/04; 21 claims; assigned to Chicago Mercantile Exchange, Inc.

FIELD: Embodiments of the present disclosure relate to systems and methods for processing data. More particularly, the invention provides computing systems for processing data for modeling and determining margin requirements.

PATENT: Apparatus and method of a distributed capital system; US 10,643,279 B2; 5/5/2020; CPC G06Q 40/04; 23 claims.

ABSTRACT: A method conducting financial transactions over a computerized network, where a plurality of client computers and servers, which are connected to one another, over a network, solve for a set of transaction vectors that change a routing of capital between any transaction participants in a manner that deviates from the original intended transaction vectors between any original sending participant or any original receiving participant; and wherein movement of the capital between transaction participants is optimized for efficiency.

PATENT: Trader station user interface; US 10,643,280 B2; 5/5/2020; CPC G06Q 40/04; 24 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT EXCERPT: A variety of user interfaces, systems and methods are provided for traders of commodities, futures contracts, derivatives, stocks, etc. A user interface may have two display modes, locked and unlocked. In the locked mode, some or all of the data fields (price, bids, offers--optionally bids and offers not exposed to the market) are locked. In the unlocked mode, all the data fields, including the price column, are dynamically updated.

PATENT: Liquidation cost calculation; US 10,643,282 B2; 5/5/2020; CPC G06Q 40/06; 20 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT: A set of estimated allocations N.sub.est(X.sub.1) through N.sub.est(X.sub.k) of portfolio positions to products X.sub.1 through X.sub.k may be determined, with products X.sub.1 through X.sub.k including portfolio products and spread-traded products based on some of the portfolio products. Utilizing the set of estimated allocations, an optimized liquidation cost LC.sub.opt may be designated. Data indicating at least a portion of a performance bond based on the optimized liquidation LC.sub.opt may be output.

PATENT: System for sharing retirement scores between social groups of customers; US 10,643,283 B2; 5/5/2020; CPC G06Q 40/06; 20 claims; assigned to Bank of America Corporation.

FIELD: In general, embodiments of the invention relate to retirement planning. In particular, embodiments of the invention relate to a framework for assessment of retirement planning by providing a retirement score for a user and allowing the user to connect with other users over a social group.

April 28, 2020

Total CPC G06Q Subclass (business methods) patents issued:  115

Financial industry business method patents reviewed herein:   10

PATENT: Contextual graphical user interfaces; US 10,636,085 B1; 4/28/2020; CPC G06Q 40/02; 21 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: Customized graphical user interface for managing multiple user accounts; US 10,636,087 B1; 4/28/2020; CPC G06Q 40/02; 17 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Among other things, embodiments of the present disclosure can help predict the optimal allocation for effecting payment transactions from, or deposit transactions to, multiple aggregated financial accounts for a user, even across accounts held in different countries or denominated in different currencies. The system may effect transactions automatically according to the identified optimal allocation, as well as providing users with options to handle transactions.

PATENT: Hybrid cross-margining; US 10,636,088 B2; 4/28/2020; CPC G06Q 40/04; 17 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A hybrid cross-margining system is disclosed. The disclosed provides for both joint accounts, maintained by multiple exchanges, as well as non-joint accounts, whereby the system recognizes both intra-account offsets within the joint account and inter-exchange offsets between the joint account and accounts maintained by another exchange to minimize the margin requirement of the associated market participant with respect to the positions reflected in these accounts.

PATENT: Context based messaging; US 10,636,089 B2; 4/28/2020; CPC G06Q 40/04; 12 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods are provided for monitoring a plurality of chat messages. Values are extracted from multiple chat messages between a first party and a second party. Context is determined for the values and/or messages. The context is used to determine the relationship between the values, messages, and one or more transactions. Once all values of a transaction are identified, an order ticket is generated.

PATENT: System and method for electronic spread trading in real and synthetically generated markets; US 10,636,090 B2; 4/28/2020; CPC G06Q 40/04; 17 claims; assigned to Trading Technologies International Inc.

ABSTRACT: A system and method are provided to analyze synthetic and real markets that offer interchangeable tradeable objects to find market opportunities that a trader may capitalize on. A synthetic market is an electronic market created out of real markets by a computer terminal or gateway. A real market is an electronic market that is offered by an electronic exchange. If a desirable market opportunity is found, the preferred embodiments can take action such as by sending orders to either one of the markets, or by sending orders to both markets. An advantage of the preferred embodiments, among many others, is that they can make "invisible" trading opportunities more readily apparent.

PATENT: Trading system products and processes; US 10,636,091 B2; 4/28/2020; CPC G06Q 40/04; 20 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: System, method, and device for autonomous fund management by computer-based algorithms; US 10,636,092 B2; 4/28/2020; CPC G06Q 40/04; 20 claims.

ABSTRACT: A method for autonomous fund management including the steps of selecting a certain number of securities to create a first group of securities from a publicly traded index, discarding securities from the first group based on filter criteria to create a second group of securities, categorizing the securities from the second group of securities to assign the securities to different industry sectors, grouping a predefined number of the categorized securities into a number n of security pools, such that each security in a same security pool is categorized to a same industry sector, and trading securities within the security pools, such that a first quantity of a first security within a pool is sold and a second quantity of a second security within the pool is purchased when a trade trigger is met, the trade trigger including an event when a ratio between a price of the first security and a price of the second security meets a predefined threshold.

PATENT: Structured finance securities option pricing architecture and process; US 10,636,093 B2; 4/28/2020; CPC G06Q 40/06; 6 claims; assigned to Cornell Research Foundation, Inc.

ABSTRACT: A method and system for valuing structured-finance securities, such as, but not limited to, commercial mortgage-backed securities (CMBS).

PATENT: Methods, systems and apparatuses for providing a human-machine interface and assistant for financial trading; US 10,636,094 B2; 4/28/2020; CPC G06Q 40/06; 14 claims; assigned to Rialto Trading Technology, LLC.

ABSTRACT: The present disclosure is directed towards methods, systems and apparatuses for providing a human-machine interface and assistant that are particularly useful for financial trading and in researching trading opportunities in marketplaces that are otherwise difficult to research while taking into account a broad context of the query including past queries and specific preferences or restrictions of the user issuing the query. The present disclosure provides tools for interpreting voice queries and iteratively improving, through direct and inferred corrections, the translation and execution of queries for information and trading opportunities.

PATENT: Method and apparatus for publishing market information; US 10,636,095 B2; 4/28/2020; CPC G06Q 40/06; 24 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A method and apparatus for publishing market data for a financial instrument utilizes existing network layer acknowledgement feature to publish market data for the financial instrument to a client device at rates in which the client device is able to process the data. The publishing rate is dynamic, as opposed to being fixed, and is able to adjust "on-the-fly" so as to prevent message queue stagnation.

April 21, 2020

Total CPC G06Q Subclass (business methods) patents issued:  148

Financial industry business method patents reviewed herein:   10

PATENT: Techniques for transaction management; US 10,628,807 B2; 4/21/2020; CPC G06Q 20/065; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: One embodiment of the invention is directed to a method for allocating and tracking funds to connected devices to enable the connected devices to perform transactions independently. The method may comprise, receiving, at a management computer, an input amount. The input amount may be associated with a first data store. The management computer may allocate one or more segments of the input amount to one or more corresponding connected devices.

PATENT: Automatic savings program; US 10,628,808 B2; 4/21/2020; CPC G06Q 20/10; 11 claims; assigned to Bank of America Corporation.

ABSTRACT: A computer implemented method of processing a financial transaction executed by first person includes determining an automatic savings amount from the financial transaction by rounding up the amount of the financial transaction to the nearest dollar. The method further includes debiting the calculated savings amount from an account of the first person and crediting the savings amount to an account of a second person.

PATENT: Automated enrollment of a user in an automatic updating program; US 10,628,809 B2; 4/21/2020; CPC G06Q 20/102; 17 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: An auto-enrollment billing updater (AEBU) computing device for enrolling enrollees in an automatic updating program is provided. The AEBU computing device is configured to receive, from an acquirer computing device, an account update request for updated account data for a set of account identifiers, the account update request including an input acquirer identifier and an input merchant identifier.

PATENT: System and method for transaction-based temporary email; US 10,628,824 B2; 4/21/2020; CPC G06Q 20/40; 15 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: According to one embodiment, a system comprises a customer database operable to store a customer account associated with a customer of an enterprise. The system also comprises a transaction module operable to receive, from a third party, a request to authorize a transaction. The transaction module is further operable to authorize the transaction and generate, in response to the authorized transaction, a transaction identifier to identify the transaction.

PATENT: Systems and methods to identify merchants; US 10,628,825 B2; 4/21/2020; CPC G06Q 20/4014; 19 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: A system and method including a mobile application installed on a mobile device and configured to authenticate a merchant represented by a unique identifier, determine a position of the mobile device while the mobile device is co-located with a transaction terminal of the merchant, communicate the position to a portal to associate the position with the unique identifier and to receive an account number, and provide the account number to generate an authorization request on the transaction terminal.

PATENT: Customized loan program determination systems; US 10,628,882 B1; 4/21/2020; CPC G06Q 40/025; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A loan determination system configured to determine and provide customized loans to an auto dealership based on iteratively updated dealership loan tiers (using predictive modeling that factors in performance of the specific dealership and others for a particular type of loan), a current dealership state, and input from the dealership.

PATENT: Detection of intra-firm matching and response thereto; US 10,628,883 B2; 4/21/2020; CPC G06Q 40/04; 30 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT EXCERPT: The disclosed systems and methods relate to allowing trading of over the counter ("OTC") foreign exchange ("FX") contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's ("CME"'s) futures exchange system (the "Exchange"). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place.

PATENT: Database-driven processing of algorithmic trading plans utilizing specialized user interface methods, computer systems and computer programs; US 10,628,884 B1; 4/21/2020; CPC G06Q 40/04; 23 claims; assigned to Liquidnet Holdings, Inc.

ABSTRACT: In some embodiments, the present invention provides for processing, implementing, and/or managing user-defined electronic trading plans by utilizing specifically programmed intuitive, graphical user interfaces. In some embodiments, an exemplary GUI can have a first axis representing a security price parameter and a second axis representing a time parameter define a trading plan canvas. In some embodiments, an exemplary trading plan may employ pre-defined electronic trading algorithms and/or other ancillary trading functionality represented by a plurality of shapes, variable in size and position on the trading plan canvas. In some embodiments, an exemplary computer system can receive user's inputs concerning shape type, shape size and shape position on the trading plan canvas to define a trading plan including one or more electronic trading algorithms and/or ancillary trading functionalities at selected security price and/or time parameters to execute a given trading plan for a security.

PATENT: Systems and methods for prevention of manipulation and gaming in electronic intraday auctions; US 10,628,885 B2; 4/21/2020; CPC G06Q 40/04; 20 claims; assigned to Goldman Sachs & Co. LLC

ABSTRACT EXCERPT: This disclosure provides systems and methods for prevention of manipulation and gaming in electronic intraday auctions. The system includes using at least one processing device for obtaining orders related to an asset from an electronic trading system. The system includes using at least one processing device for identifying a value for the asset to be used during an intraday auction involving the asset. The identified value is based on a detected order cross within the orders. The value is identified and set prior to the intraday auction. The value is located within a best bid and best offer spread (BBO) band.

PATENT: Management device, cryptocurrency system, and system; US 10,628,886 B2; 4/21/2020; CPC G06Q 40/04; 11 claims; assigned to GVE Ltd.

ABSTRACT: [Problem] Provided are a management device and a cryptocurrency system capable of smoothly operating an entire system by detecting fraud on cryptocurrencies without using enormous calculation amounts. [Solution] A management device connected to a plurality of user devices via a network, the management device including: an issued information storage area that stores a cryptocurrency ID of an issued cryptocurrency; an account information storage area that stores account information in association with one or a plurality of cryptocurrency IDs; and a history information storage area that stores history information of a cryptocurrency in association with a cryptocurrency ID.

April 14, 2020

Total CPC G06Q Subclass (business methods) patents issued:  190

Financial industry business method patents reviewed herein:   10

PATENT: System for automatically establishing an operative communication channel to transmit instructions for canceling duplicate interactions with third party systems; US 10,621,558 B2; 4/14/2020; CPC G06Q 20/00; 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 identifying duplicate third party interactions based on information extracted from multiple resources associated with an enrolled user. Furthermore, the system may automatically modify a duplicate third party interaction upon identification, wherein the system may cancel the duplicate third party interaction by interrupting payments to the third party provider associated with the duplicate interaction.

PATENT: Tandem purchasing and incentivized shopping; US 10,621,564 B1; 4/14/2020; CPC G06Q 20/10; 17 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Tandem transactions facilitated through automatic application of a tandem transaction limit are provided. A system includes a group manager that identifies a group including respective identifications indicative of a first user and a second user. A transaction limit manager establishes a first transaction limit for the first user, a second transaction limit for the second user, and a third transaction limit for a combination of the first and second user.

PATENT: Controlling access to data; US 10,621,577 B2; 4/14/2020; CPC G06Q 20/382; 20 claims; assigned to Bank of America Corporation.

FIELD: This disclosure relates generally to controlling access to data, and more particularly to controlling access to account data.

PATENT: Identity verification services with identity score through external entities via application programming interface; US 10,621,658 B1; 4/14/2020; CPC G06Q 40/02; 25 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: Multi-bank asset participation structure; US 10,621,663 B2; 4/14/2020; CPC G06Q 40/025; 6 claims; assigned to Citibank, N.A.

SUMMARY: Generally, the embodiments attempt to provide a solution for securitizing trade finance assets originated or acquired by multiple originators in jurisdictions around the world. More particularly, the embodiments provide a trade finance assets platform for tapping into the Institutional ABS Investor base by issuing rated securities and achieving sale accounting treatment under US GAAP rules and regulations.

PATENT: Using automated data validation in loan origination to evaluate credit worthiness and data reliability; US 10,621,664 B2; 4/14/2020; CPC G06Q 40/025; 16 claims; assigned to Fannie Mae.

SUMMARY: What is provided is an automated, computerized and electronic Data Validation System (hereafter "DVS"), which verifies the correspondence of processed data to that contained on documents actually used in transactions and that provides greater assurances of data integrity than is provided with conventional electronic document validation by providing a mechanism whereby, in the secondary mortgage market, the third party of the mortgage receives from the second party, an encryption key allowing the third party to acquire first set of data and perform validation on said first set of data.

PATENT: Systems and methods of conducting financial transactions; US 10,621,665 B2; 4/14/2020; CPC G06Q 40/04; 10 claims; assigned to Integral Development Corporation.

SUMMARY: Embodiments of the present invention comprise systems and methods of conducting financial transactions. In one exemplary embodiment, a method of conducting a financial transaction comprises receiving prices from a plurality of providers, updating a database of providers based at least in part on the received prices, and arranging the prices in the updated database of providers by arranging bid rates in a first order, arranging offer rates in a second order, and resolving a tie if at least two providers provide an equal price.

PATENT: System and method for facilitation cross orders; US 10,621,666 B2; 4/14/2020; CPC G06Q 40/04; 14 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 establish a new Facilitation Cross order type which automatically performs a number of trading steps in a single uninterrupted sequence so as to help a risk trader fulfill a client investor's trading request efficiently and with lower market risk.

PATENT: Method and system for displaying and trading spreads; US 10,621,667 B2; 4/14/2020; CPC G06Q 40/04; 19 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A trading application can receive price and quantity information for tradable objects. The trading application can compute implied price and quantity information for spreads of the tradable objects. Direct and indirect price and quantity information for the spreads can be displayed in a manner that shows the relationship with each other and with the price and quantity information for the tradable objects.

PATENT: Representing investment options as travel options on a map; US 10,621,668 B1; 4/14/2020; CPC G06Q 40/06; 15 claims; assigned to Wells Fargo Bank, N.A.

SUMMARY: This disclosure is directed to techniques that include presenting various investment options in a graphical representation of a map. In some examples, a computing system may present investment options as travel options between two cities. Often, people are more familiar with making decisions about travel options than about investment options. By presenting investment options in terms of travel plans, a computing system may enable investors to make more informed decisions. In some examples, travel plans are presented to a user in terms of geographical areas, starting locations, and destination locations that are familiar to the user.

April 7, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: Core process framework for integrating disparate applications; US 10,614,406 B2; 4/7/2020; CPC G06Q 10/067; 19 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: A system, method and the like for seamlessly integrating disparate applications, such as channel applications and off-the-shelf business process management (BPM) services/applications through use of a core process framework that provides a vendor/third-party entity-agnostic approach to application integration. The core process framework provides various fundamental processes that are shared amongst applications that are in communication with the framework.

PATENT: Method and system for point of sale payments; US 10,614,437 B2; 4/7/2020; CPC G06Q 20/202; 16 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method of performing a point of sale (POS) payment transaction at a merchant location, the method including, in one or more electronic processing devices: (a) receiving a transaction request including an indication of a transaction identifier from the user device; (b) retrieving an indication of payment information from a merchant system using the transaction identifier; (c) requesting user account information from the user device; (d) receiving the user account information in response to user input; and (e) initiating payment authorization with a payment processing system using the payment information and user account information to enable the payment transaction to be performed.

PATENT: Systems and methods for real-time, distributed processing of group bill payments; US 10,614,440 B2; 4/7/2020; CPC G06Q 20/29; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Systems and methods are provided for group bill payment comprising creating a secure group bill payment account associated with a plurality of group members. The group bill payment account may be configured to receive information via a network from the plurality of group members; permit a group member to manage the group bill payment account following an authentication process; and transmit a group payment to a provider.

PATENT: Dynamic cryptocurrency aliasing; US 10,614,456 B2; 4/7/2020; CPC G06Q 20/3829; 10 claims; assigned to Visa International Service Association.

ABSTRACT: Described herein is a system in which temporary aliases may be associated with, and maintained with respect to, cryptocurrency addresses. In some embodiments, the system enables a temporary alias to be used by a mobile application (e.g., a wallet application) in a cryptocurrency transaction. In some embodiments, temporary aliases may be assigned from a pool of procedurally-generated aliases. In some embodiments, the temporary alias may be valid for a predetermined amount of time or number of transactions. For example, the system may assign a new temporary alias to a cryptocurrency address for each transaction and/or after a predetermined amount of time has elapsed.

PATENT: Techniques for audit management; US 10,614,518 B1; 4/7/2020; CPC G06Q 40/025; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Various embodiments are generally directed to techniques for audit management, such as for automating and/or streamlining one or more audit processes or procedures, for instance. Some embodiments are particularly directed to generating optimized audit queues and facilitating efficient performance of the audit queues to provide improved audit platforms.

PATENT: Tracking liquidity order; US 10,614,520 B2; 4/7/2020; CPC G06Q 40/04; 27 claims; assigned to NYSE Group, Inc.

ABSTRACT: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.

PATENT: Method and system for providing an automated auction for internalization and complex orders in a hybrid trading system; US 10,614,521 B2; 4/7/2020; CPC G06Q 40/04; 2 claims; assigned to Cboe Exchange, Inc.

ABSTRACT EXCERPT: The method may include receiving an order at an electronic trade engine, disseminating a request for price message to at least one user in response to receiving the order, receiving a one-sided response message representative of a participant-type in response to the request for price message, selecting an allocation algorithm from a plurality of allocation algorithms, initiating the selected allocation algorithm and allocating the order according to the participant-type upon termination of the selected auction.

PATENT: Equation-based transaction request messaging and transaction processing; US 10,614,522 B2; 4/7/2020; CPC G06Q 40/04; 20 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT: A data transaction processing system receives and processes equation-based electronic data transaction request messages. Transmitting equation-based electronic data transaction request messages that represent a large series of discrete values reduces the data transmission to the data transaction processing system. Processing equation-based electronic data transaction request messages instead of a series of discrete values reduces the amount of time need to perform transactions, greatly reducing processing latency. Equation-based electronic data transaction request messages can also be efficiently updated by modifying equation parameters, again reducing the amount of data transmitted to the data transaction processing system.

PATENT: Method and apparatus for order entry in an electronic trading system; US 10,614,523 B2; 4/7/2020; CPC G06Q 40/04; 29 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT: Orders received by an electronic trading system are processed in batches based on the instrument to which an order relates. An incoming order is assigned to a queue of a queue set that makes up the batch according to a random process. Where orders are received from related trading parties they are assigned to the same queue set according to their time of receipt. The batch has a random duration within defined minimum and maximum durations and at the end of the batch, the orders held in the queues are transferred to a matching thread of the trading system sequentially with one order being removed from each queue and a number of passes of the queues completed until orders have been removed.

PATENT: Diverse options order types in an electronic guaranteed entitlement environment; US 10,614,524 B2; 4/7/2020; CPC G06Q 40/04; 11 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.

March 31, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: Money tracking robot systems and methods; US 10,607,198 B1; 3/31/2020; CPC G06Q 20/1085; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A robotic device for transporting physical money includes a receiving interface, a counter mechanism, a storage vault, and a control circuit. The receiving interface receives physical money. The counter mechanism is connected to the receiving interface and receives and counts the physical money inserted into the receiving interface. The storage vault stores the physical money counted by the counter mechanism and remains closed when the robotic device is at a first location. The control circuit determines an amount of physical money stored in the storage vault based on the counted physical money, controls a drive system of the robotic device to cause the robotic device to travel from the first location to a second location, and opens the storage vault when the robotic device reaches the second location.

PATENT: Systems, methods, devices, and computer readable media for enabling direct electronic payment transfers; US 10,607,210 B2; 3/31/2020; CPC G06Q 20/3226; 15 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: Systems, methods, devices, and computer readable media for enabling direct electronic payment transfers are disclosed. Identification information of a payer, based on a user selection at a mobile device, is received from a first application installed on the mobile device. A user identification of a payment amount is received via a second application installed on the mobile device. The second application is different from the first application. Biometric data of the user is captured at a biometrics reader of the mobile device, and then compared to authorized biometric data to authenticate the user.

PATENT: Secure remote payment transaction processing; US 10,607,212 B2; 3/31/2020; CPC G06Q 20/3278; 17 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Embodiments of the present invention are directed to methods, apparatuses, computer readable media and systems for securely processing remote transactions. One embodiment of the invention is directed to a method of processing a remote transaction initiated by a mobile device comprising a server computer receiving a payment request including encrypted payment information. The encrypted payment information being generated by a mobile payment application of the mobile device and being encrypted using a third party key.

PATENT: Account tokenization for virtual currency resources; US 10,607,215 B2; 3/31/2020; CPC G06Q 20/367; 9 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the present invention are used in a token based financial transaction system, whereby individual tokens associated with one or more financial accounts provided to one or more third parties.

PATENT: System for managing serializability of resource transfers in a process data network; US 10,607,285 B2; 3/31/2020; CPC G06Q 40/025; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: Systems, computer program products, and methods are described herein for a system for using the block chain distributed network for managing serializability of resource transfers in a process data network.

PATENT: Real-time indicator of global trade; US 10,607,287 B2; 3/31/2020; CPC G06Q 40/04; 17 claims; assigned to Kuehne + Nagel International AG.

ABSTRACT EXCERPT: The real-time indicator provides a comprehensive indicator of the current global economic state by tracking current values for the available capacity for freight shipments as well as the volume of actual shipments. The capacity and volume can be tracked over multiple different transportation modes including sea, air, and rail. The real-time indicator is generated in real-time based on these current values. The real-time indicator can therefore provide investors, analysts, researchers, bankers, and the like with a reliable indicator of the current global economic state that is not heavily influenced by the biasing sentiments of individuals.

PATENT: System and method for trading securities on a computer-based network; US 10,607,288 B2; 3/31/2020; CPC G06Q 40/04; 20 claims; assigned to BarterSecurities, Inc.

ABSTRACT: A method and system for trading securities on a computer-based network. The method and system utilize an ordering module, a graphical user interface, a database module and a matching engine to effect electronic securities trading.

PATENT: Customizable macro-based order entry protocol and system; US 10,607,289 B2; 3/31/2020; CPC G06Q 40/04; 17 claims; assigned to Nasdaq, Inc.

ABSTRACT: The present technology is related to employing a template/macro-based order entry system. An initial order data message contains a macro that establishes the initial parameters for an order and a unique ID is associated with the template. Subsequent, and potentially smaller sized data messages contain the unique ID as well as relevant order details for placing an order. Of course, the technology described herein envisions a much broader concept of reducing message sizes to help improve overall latency and is not limited to order entry.

PATENT: Methods and systems for showing perspective in market data; US 10,607,290 B2; 3/31/2020; CPC G06Q 40/04; 20 claims; assigned to Geneva Technologies, LLC.

ABSTRACT EXCERPT: Methods and systems are disclosed for providing perspective to market data. In one embodiment, market data is displayed in a three-dimensional perspective that emphasizes important aspects of market data while minimizing less important aspects. In some embodiments, market data is mapped to an object that automatically moves to display the inside market. In another embodiment, orders can be entered, manipulated, and/or canceled in conjunction with, or separately from, the object.

PATENT: Systems and methods for electronic continuous trading of variant inventories; US 10,607,291 B2; 3/31/2020; CPC G06Q 40/04; 21 claims; assigned to Nasdaq Technology, AB.

ABSTRACT: The described technology relates to electronic continuous trading systems, and matching data records representing inventories with variant characteristics such as, variant length, variant data types, etc. Example implementations provide for generating instrument descriptors that include unitary-valued attributes and set-valued attributes, and the use of both types of attributes in trade decision making.

March 24, 2020

Total CPC G06Q Subclass (business methods) patents issued:  142

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for managing financial payments between parties; US 10,600,039 B2; 3/24/2020; CPC G06Q 20/10; 28 claims; assigned to MasterCard International Incorporated.

FIELD: The field of the disclosure relates generally to processing financial data, and more particularly, to a system and method that manages financial payments between parties.

PATENT: Automatic teller machine game-based transaction functionality; US 10,600,040 B1; 3/24/2020; CPC G06Q 20/1085; 14 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: In an example, a method for implementing gamification in user interface transactions of a customer financial transaction device such as an automatic teller machine (ATM) or kiosk may be provided to improve security and enable enhanced electronic display and user interface features.

PATENT: Mobile device with disabling feature; US 10,600,045 B2; 3/24/2020; CPC G06Q 20/3229; 20 claims; assigned to Visa U.S.A. Inc.

ABSTRACT: A mobile device with a disabling feature is disclosed. The method includes activating a mobile device having a timeout feature to disable a function of the mobile device after a set period of time. The period of time may be chosen by a user of the mobile device.

PATENT: Wearable device for event access, payment for offline transactions at the event, and visual light display; US 10,600,047 B2; 3/24/2020; CPC G06Q 20/3278; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A wearable device receives ticket information for an event and information indicating a quantity of funds allocated from an account, associated with a user of a user device, to the wearable device, and stores the ticket information and the information indicating the quantity of funds. The wearable device utilizes a wireless component to pair the wearable device and the user device, and provides, to the user device and via the wireless component, the ticket information and information indicating access privileges for the event.

PATENT: Systems and methods for activating account card functions based on physical device interactions; US 10,600,048 B2; 3/24/2020; 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: System and method for creating a secure mesh network utilizing the blockchain; US 10,600,052 B1; 3/24/2020; CPC G06Q 20/3678; 14 claims; assigned to Capital One Services, LLC.

CLAIM 1: Claim 1 pertains to generating a cryptocurrency wallet.

PATENT: Systems and methods for context-based event triggered product and/or service offerings; US 10,600,119 B2; 3/24/2020; CPC G06Q 40/02; 22 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The disclosed embodiments include methods and systems for providing context-based event determination and/or context-based event triggered product and/or service offerings. A system may automatically detect that a client has experienced, directly or indirectly, a personal event, (e.g. a birth, a wedding engagement, a death, a car accident) and use such context to trigger the offering of a product and/or service. Product and/or service data is maintained for respective products and/or services available to clients as is events data associating respective products and/or services to particular personal event scenarios.

PATENT: System and method for automated order entry on short queues; US 10,600,120 B2; 3/24/2020; 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: Forecasting trading algorithm performance; US 10,600,121 B21; 3/24/2020; CPC G06Q 40/04; 18 claims; assigned to Liquidnet Holdings, Inc.

ABSTRACT EXCERPT: In a method of placing a security trade order using a trading algorithm in a computerized trading system, candidate order characteristics of a candidate order are received through a first GUI, and current market characteristics are obtained. Performance and fill rate scores are forecasted for executions of the candidate order by each of a plurality of trading algorithms using a ranking model based on historical data for a plurality of orders previously-executed via one or more of the plurality of trading algorithms, the candidate order characteristics and the current market characteristics.

PATENT: Systems and methods to implement an exchange messaging policy; US 10,600,122 B2; 3/24/2020; CPC G06Q 40/04; 34 claims; assigned to Intercontinental 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.

March 17, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT:  Edit transactions for blockchains; US 10,592,873 B2; 3/17/2020; CPC G06Q 20/065; 20 claims; assigned to Microsoft Technology Licensing, LLC.

ABSTRACT: The disclosed technology is generally directed to blockchain technology. In one example of the technology, a modified block is provided in response to at least an edit transaction that indicates a transaction in an original block in a blockchain. The modified block includes: transactions of the original block except the indicated transaction, a hash of the indicated transaction, and a header that includes a link to a hash of a block that precedes the original block. A new block is provided. The new block includes a reference associated with the edit transaction, and that the reference may include a link to the modified block. The original block may be caused to be deleted.

PATENT: System and method for transferring funds; US 10,592,877 B1; 3/17/2020; CPC G06Q 20/108; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method and system for payment processing comprises receiving sender information, receiving a fund transfer request that includes an identifier for a recipient, accessing an information directory based on the identifier to obtain account information for the recipient, and sending funds according to the fund transfer request to the recipient. The identifier may be in the form of non-sensitive/publicly available information, such as an E-mail address, a phone number, or other information. The information directory can correlate the identifier with a recipient owned bank account. The fund transfer may occur from two accounts within a bank or may occur from bank accounts at different banks.

PATENT: Smart chaining; US 10,592,878 B1; 3/17/2020; CPC G06Q 20/1085; 21 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Identification information is received from a transaction card at a transaction machine. The transaction card is associated with an account holder using the transaction machine and includes a transaction card type. Using the identification information, activity profile information is accessed for the account holder. The account holder's transaction machine usage is monitored and activity profile information related to the account holder's transaction machine usage is stored. A custom sequence of user interfaces to be displayed to the account holder is generated based on the transaction card type.

PATENT: Device for communicating preferences to a computer system; US 10,592,885 B2; 3/17/2020; CPC G06Q 20/204; 20 claims; assigned to Visa International Service Association.

ABSTRACT: The described device allows a user to set preference and receive the preferences by simply allowing a payment device to communicate with a preference reader.

PATENT: Managing blockchain transactions; US 10,592,979 B2; 3/17/2020; CPC G06Q 40/00; 20 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of changing a status of a current blockchain to a closed and retired status based on expiration of a limited time window, creating a genesis block associated with a new blockchain, storing a world state of the current blockchain in the genesis block, creating one or more smart contracts, storing the one or more smart contracts on the new blockchain, and initiating an open stage on the new blockchain, and the open stage permits one or more potential blockchain transactions to be written to the new blockchain.

PATENT: Task security verification and consequence determination for internet links; US 10,592,983 B1; 3/17/2020; CPC G06Q 40/025; 16 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A user interface is provided for receiving instructions from a user to perform a computer related task (i.e., primary task). A module can run a primary process in the background on a first server to complete the task. Once the task is completed, the module can transmit the results to the user interface to display an output to the user. The user interface includes a button to enable the user to request information relating to a secondary process or task impacted by the primary task.

PATENT: Systems and methods for protecting against erroneous price entries in the electronic trading of financial and other instruments; US 10,592,984 B2; 3/17/2020; CPC G06Q 40/04; 11 claims; assigned to BGC Partners, Inc.

ABSTRACT: The invention relates to systems and methods that provide a user interface for use with an electronic trading system. The interface notifies the user that the price at which he or she may have attempted to trade has changed and presents the user with the opportunity to submit, modify or cancel the trade command. The user may configure the trading system to enable such a notification based on the time span for the price change, the number of increments of the price change, a combination thereof or any other appropriate consideration for protecting against the occurrence of erroneous price entries. Subsequent trade commands, such as those entered by third parties, may be used to validate prices and execute trades at these prices.

PATENT: Systems and methods for a commodity contracts market using a secure distributed transaction ledger; US 10,592,985 B2; 3/17/2020; CPC G06Q 40/04; 20 claims; assigned to Dell Products L.P.

ABSTRACT: Aspects of the present invention provide systems and methods that solved the problems of how to participate in a marketplace exchange without using a centralized intermediary. In embodiments, a secure distributed transaction ledger may be used as an integration framework that supports communications between parties, the transfer of funds from one party to another party, and the ability to for the provisioning or transfer of deliverables by a seller to a buyer or for the benefit of a buyer. In embodiments, a buyer, a seller, and an escrow entity have defined functions that facilitate transactions and help build in more trust into the marketplace.

PATENT: Large liquidity seeking trading platform; US 10,592,986 B2; 3/17/2020; CPC G06Q 40/04; 11 claims; assigned to NYSE Group, Inc.

ABSTRACT EXCERPT: An electronic trading system implements a display price that guarantees a minimum available quantity for trade. The electronic trading system determines a quantity of financial instruments available at various prices for incoming orders. A display bid price and display offer price are determined so that the quantity available at the display prices exceeds a display quantity threshold. The electronic trading system receives orders designated fast and slow.

PATENT: Computerized transaction management module for blockchain networks; US 10,592,993 B2; 3/17/2020; CPC G06Q 40/12; 20 claims; assigned to Oracle Financial Services Software Limited.

ABSTRACT: Systems, methods, and other embodiments associated with managing transactions communicated over a blockchain network are described. In one embodiment, a method includes maintaining a static maintenance table of hardcoded properties of a first entity. The example method may also include maintaining a parent transaction table comprising columns of data that are updated less than threshold frequency. The example method may also include maintaining a child transaction table comprising columns of data that are updated greater than the threshold frequency. The example method may also include receiving a transaction to communicate over the blockchain network, and validating the transaction using the hardcoded properties. The example method may also include populating values into the parent transaction table and the child transaction table, and using such tables to facilitate the communication of the transaction over the blockchain network.

March 10, 2020

Total CPC G06Q Subclass (business methods) patents issued:  122

Financial industry business method patents reviewed herein:   10

PATENT: Augmented reality dynamic authentication; US 10,586,220 B2; 3/10/2020; CPC G06Q 20/1085; 10 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: A system for performing authorization of a user in an augmented reality environment comprises an augmented reality user device, an automatic teller machine, and an authentication server. The automatic teller machine has a keypad with unmarked buttons. The augmented reality user device includes a display configured to overlay virtual objects onto a field of view of a user. The augmented reality user device receives a virtual keypad overlay, which assigns values to the unmarked buttons of the keypad. Using the overlay, the augmented reality user device displays the assigned values on the buttons of the keypad.

PATENT: Graphical user interface system and method; US 10,586,277 B2; 3/10/2020; CPC G06Q 40/02; 30 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: 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.

PATENT: Systems and methods for providing a user interface for facilitating personal payment transactions; US 10,586,278 B2; 3/10/2020; CPC G06Q 40/02; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: 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: Financial-information systems, methods, interfaces and software; US 10,586,281 B1; 3/10/2020; CPC G06Q 40/04; 12 claims; assigned to Refinitiv US Organization LLC.

SUMMARY: the present inventors devised systems, methods, interfaces, and software that enhance the ability of financial-information systems, such as the AutEx system, to facilitate trades. One exemplary financial-information system provides an indication of interest (IOI) which is associated with an enhanced or heightened willingness of its issuer to actually complete a trade, thereby expediting identification of ready trading partners. In some embodiments, this new form of IOI, an executable IOI, is also associated with a presence indicator that indicates whether a trader associated with the indication is currently available to communicate via instant messaging or other communication mode with presence detection.

PATENT: System and method for trading based on tournament-style events; US 10,586,282 B2; 3/10/2020; CPC G06Q 40/04; 77 claims; assigned to CFPH, LLC.

ABSTRACT: A system for trading a plurality of derivative financial instruments comprises a processor operable to receive a first order to buy a derivative financial instrument that represents a contestant in a contest. The processor is further operable to receive a second order to sell the derivative financial instrument. The processor is further operable to determine a market price based at least in part on the first order and the second order. The processor is further operable to execute a trade at the determined market price. The system further comprises a memory operable to store the first order and/or the second order.

PATENT: Elektron pulse methods, apparatuses and media; US 10,586,283 B2; 3/10/2020; CPC G06Q 40/04; 26 claims; assigned to Refinitiv US Organization LLC.

ABSTRACT: A service consumer may receive a market data message associated with a security. The market data message may be parsed to determine health status reference data identifying a service provider or a subprovider of the service provider. A health status subscription request may be generated using the determined health status reference data. The service consumer may receive a health status message in response to the health status subscription request. The service consumer may determine health status information associated with the service provider or the subprovider by analyzing the health status message, and may utilize the determined health status information in a selected application.

PATENT: Non-biased, centrally-cleared financial instrument and method of clearing and settling; US 10,586,284 B2; 3/10/2020; CPC G06Q 40/04; 23 claims; assigned to Eris Innovations, LLC.

ABSTRACT EXCERPT: In accordance with the principles of the present invention, a computer-implemented, back-office method of creating, centrally clearing, and settling a non-biased financial instrument through an electronic trading platform and an electronic central clearinghouse to effectuate payments between parties to a trade is provided.

PATENT: Securities information display method, apparatus, and system; US 10,586,285 B2; 3/10/2020; CPC G06Q 40/06; 13 claims; assigned to Tencent Technology (Shenzhen) Company Limited.

ABSTRACT: Implementation manners of the present disclosure put forward a securities information display method, apparatus, and system. The method includes: generating a securities information display interface, where the securities information display interface displays a display bitmap of a security; determining whether the securities information display interface receives a screen sliding event, where the screen sliding event is an event generated by sliding the securities information display interface; obtaining securities data of a security corresponding to the screen sliding event when the screen sliding event is received; and updating the display bitmap based on the obtained securities data.

PATENT: Repositioning a value axis; US 10,586,286 B2; 3/10/2020; CPC G06Q 40/06; 9 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Various embodiments of a trading screen allow a market value indicator to go out of view without necessarily triggering a command to reposition a value axis. The value axis may be repositioned to bring the market value indicator back in view when the market value indicator satisfies a threshold condition. The threshold condition is defined such that it is possible for the market value indicator to go out of view and not trigger a command to reposition the value axis. Various embodiments automatically reposition the value axis in a way that can provide the user with more overall control of the trading screen than previous trading screens.

PATENT: PCA-based portfolio margining; US 10,586,287 B2; 3/10/2020; CPC G06Q 40/06; 22 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: 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, each scenario curve reflecting a principal component analysis (PCA) model of the zero curve with a respective PCA factor of a plurality of PCA factors of the PCA model offset from a corresponding base value for the zero curve, calculating a respective projected value of the financial product portfolio for each scenario curve of the plurality of scenario curves, calculating a loss risk amount for each PCA factor based on the respective projected value and a current value of the financial product portfolio, and determining the margin requirement based on a sum of the loss risk amounts for the plurality of PCA factors.

March 3, 2020

Total CPC G06Q Subclass (business methods) patents issued:  166

Financial industry business method patents reviewed herein:   9

PATENT: Method and system for controlling certificate based open payment transactions; US 10,579,977 B1; 3/3/2020; CPC G06Q 20/145; 20 claims; assigned to Citicorp Credit Services, Inc.

ABSTRACT: Methods and systems for controlling certificate-based open payment transactions involving a merchant and a customer utilizing various types of networks and terminals. Prior to accessing a merchant POS terminal or, for example, a merchant website, a customer obtains a certificate from a service provider (SP), such as a bank, certifying his identification (ID) and his relevant financial information, in a form that is understandable by the SP. The SP is capable of performing multiple functions. For example, the SP is capable of acting as a certificate authority when it issues the customer's certificates, an authenticator when it receives private-key encrypted certificates from the customers to be decrypted using the corresponding public-key, and an authorizing authority when it checks the value available in a customer' chosen payment account against the requested purchase or transfer amount.

PATENT: Systems and methods to generate a location dependent alert in a mobile device of a user; US 10,579,986 B2; 3/3/2020; CPC G06Q 20/3224; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: A mobile device having a position determination device and a mobile application configured, in response to the location of the mobile device determined by the position determination device, to: predict a transaction based at least in part on the location of the mobile device; select, based at least in part on the location of the mobile device, a first account for the transaction from a plurality of accounts identified by the identification information; and provide, via the user interface, an alert identifying the first account, before a user of the mobile device begins to make the transaction.

PATENT: Dynamic transaction card optimization; US 10,579,990 B2; 3/3/2020; CPC G06Q 20/341; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: The present disclosure relates to devices and methods relating to an optimized electronic transaction card where various data inputs associated with a dynamic transaction card optimize operational configurations and/or a user experience of the dynamic transaction card to extend an energy storage life of the dynamic transaction card, promote various behaviors, and/or detect system and/or device defects.

PATENT: OLED-based secure monitoring of valuables; US 10,580,068 B2; 3/3/2020; CPC G06Q 40/02; 5 claims; assigned to Bank of America Corporation.

ABSTRACT: The method may include placing currency in the receptacle. The receptacle may include an integral OLED display. The OLED display may occupy a portion of the receptacle. The OLED display may, form a portion of the receptacle. The OLED display may be visible from a viewpoint external to the receptacle. The method may include capturing one or more biometric characteristics on a pressure-sensitive portion of the OLED display. The method may include storing the captured biometric characteristics on a software chip of the OLED display. The method may include transmitting the captured biometric characteristics via a communication circuit of the OLED display.

PATENT: Method and system for implementing a messaging format validator tool; US 10,580,069 B1; 3/3/2020; CPC G06Q 40/02; 20 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: The invention relates to a Validator Tool that validates a messaging format standard. The Validator Tool comprises: a processor configured to perform the steps comprising: identifying a change in a messaging format specific to transmission of financial information from a first entity to a second entity; identifying a first event and a second event; identifying a first schema associated with the first event and a second schema associated with the second event; the first event in the first schema represent a message prior to the change in the messaging format and the second event in the second schema represents a message that incorporates the change in the messaging format; and performing a comparison of the first event and the second event, wherein the comparison comprises one or more of: missing accounts, missing pages and an event message comparison.

PATENT: Systems and methods for exporting auto finance information; US 10,580,071 B2; 3/3/2020; CPC G06Q 40/025; 16 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: This disclosure relates generally to systems and methods for providing personalized financing information and, more particularly, systems and methods for providing personalized financing information via a dealership website using an API associated with a financial service provider.

PATENT: System and method for providing a credit card with multiple credit lines; US 10,580,072 B2; 3/3/2020; CPC G06Q 40/025; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: A system and method for providing a credit card with multiple lines of credit. One of the disclosed methods include, for example, analyzing credit information of a cardholder to determine a level of risk associated with the cardholder; establishing a general purpose credit line based on the determined level of risk associated with the cardholder, the general purpose credit line being set as a revolving credit line; establishing a private label credit line based on the determined level of risk associated with the cardholder, the private label credit line being set as a revolving credit line; and issuing the credit card to the cardholder with the established general purpose credit line and private label credit line.

PATENT: Apparatus and methods for implementing changed monitoring conditions and/or requirements using dynamically-modifiable control logic; US 10,580,073 B2; 3/3/2020; CPC G06Q 40/04; 20 claims; assigned to Nasdaq Technology AB.

ABSTRACT: The technology performs obligations fulfillment monitoring. An input data stream of data messages is received including transaction data and reference data, obligation control logic, and a set of obligation parameters associated with the obligation control logic. An event data processor processes the input data stream using a current version of the obligation control logic and the set of obligation parameters. Subsequently, the event processor receives information to implement and execute obligation control logic that is dynamically-modified and different from the current version of the obligation control logic. The event processor generates and outputs an obligation fulfillment message based on the dynamically-modified obligation logic and transmits to an interested entity.

PATENT: Data payment and authentication via a shared data structure; US 10,580,100 B2; 3/3/2020; CPC G06Q 50/184; 18 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: The disclosed embodiments relate generally to complex data stream control and entitlement. Specifically, the disclosed embodiments provide systems and methods for ensuring that only authenticated/verified participants receive data streams. A third party, e.g., a party other than the data provider or the data recipient, who is nevertheless associated with both the data provider and the data recipient, may be involved in controlling whether data streams from the data provider can reach the data recipient.

February 25, 2020

Total CPC G06Q Subclass (business methods) patents issued:  132

Financial industry business method patents reviewed herein:   9

PATENT: Disambiguation of entities based on financial interactions; US 10,572,935 B1; 2/25/2020; CPC G06Q 40/00; 20 claims; assigned to Intuit, Inc.

ABSTRACT: During an analysis technique, information associated with two entities may be compared to determine a similarity metric. For example, a string distance between the information may be computed. Then, an association metric between financial-transaction histories for the two entities may be calculated. This calculation may involve comparing the nodes and branches in a commerce graph that represents financial interrelationships among a set of entities, including inputs received by the set of entities, outputs provided by the set of entities, and financial transactions among the set of entities. Next, a determination of whether the entities are likely to be a same entity may be based on the similarity metric and/or the association metric. If the entities are likely to be the same entity, the entities may be combined in a data structure. Alternatively, if the entities are not likely to be the same, they may remain separate.

PATENT: Commerce payment reconciliation system; US 10,572,936 B1; 2/25/2020; CPC G06Q 40/02; 20 claims; assigned to Microsoft Technology Licensing, LL.

SUMMARY: Described herein is a system for reconciling financial transactions using incremental processing. The system receives incremental changes of transaction information retained by a payment service. The system utilizes a remainder of a previous incremental reconciliation process, if any, processing the received incremental changes against a base data comprising settlement information received from a payment provider (e.g., credit card transaction processor) by identifying settled transactions and a new remainder of the previous incremental reconciliation process. Also described herein is an extensible payment service system comprising a download configuration component configured to store configuration data (e.g., setting(s) and credential(s)) to be used for retrieving raw financial data from a particular payment provider.

PATENT: Generating implied orders based on electronic requests for quotes; US 10,572,937 B2; 2/25/2020; CPC G06Q 40/04; 17 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods for determining implied spreads are provided. More particularly, implied spread financial transactions are generated using information from requests for quotes (RFQs). An RFQ processor module may focus the calculations performed by an implied spread determination module. A financial instrument associated with an RFQ may be provided to the implied spread determination module to trigger the determination of whether implied orders exist related to that particular financial instrument.

PATENT: System and method for a risk check; US 10,572,938 B2; 2/25/2020; CPC G06Q 40/04; 8 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: A trading strategy may be controlled according to determining whether the order quantity for each leg of the trading strategy satisfies a certain condition. The quantity for each of the orders of the trading strategy, including the quantity of the initial order and subsequent orders, is compared to a corresponding risk value. When the order quantity for each of the orders is less than the corresponding risk value, the initial order can be sent. When the order quantity for any of the orders exceeds the risk value, the initial order is not sent.

PATENT: API framework for clearing non-deliverable interest rate swaps; US 10,572,939 B1; 2/25/2020; CPC G06Q 40/04; 9 claims; assigned to Chicago Mercantile Exchange Inc.

FIELD: Aspects of the invention relate to systems and methods for derivative clearing. More particularly, aspects of the invention relate to providing an application programming interface (API) framework and user interface screens for clearing non-deliverable interest rate swaps.

PATENT: Dataset intersection determination; US 10,572,940 B2; 2/25/2020; CPC G06Q 40/04; 27 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: An item is determined to exist in a dataset by arranging the dataset into a plurality of subsets, each bounded by the minimum amount of memory that may be transferred between levels of memory in a memory configuration. The item and the subsets have attributes that allow for a determination of which subset the item would exist in if the item were in the dataset. A singular subset is transferred between levels of memory to determine whether the item exists in the transferred subset. If the item does not exist in the transferred subset, it is determined that the item does not exist in the dataset.

PATENT: System and method for controlled market data delivery in an electronic trading environment; US 10,572,941 B2; 2/25/2020; 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: Virtualizing for user-defined algorithm electronic trading; US 10,572,942 B2; 2/25/2020; CPC G06Q 40/04; 17 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: 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 a design canvas area and blocks for designing an algorithm. Certain embodiments provide for grouping blocks placed in the design canvas area. Certain embodiments provide for virtualized group blocks enabling dynamic instantiation of portions of an algorithm to handle particular discrete events. Certain embodiments provide for operation of some or all portions of an algorithm when a connection between a client device and an algorithm server is broken.

PATENT: Multi-source liquidity tracking; US 10,572,951 B1; 2/25/2020; CPC G06Q 40/12; 15 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: In an example, a computer implemented method includes obtaining respective transactional data from each financial data source of a plurality of financial data sources, where the respective transactional data is each associated with a posting time. The method also includes determining a net liquidity amount from the respective transactional data based on the posting time of each of the respective transactional data. The method also includes outputting net liquidity data that is representative of the determined net liquidity amount.

February 18, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: Methods and apparatus for ingestion of legacy records into a mortgage servicing blockchain; US 10,565,644 B2; 2/18/2020; CPC G06Q 40/025; assigned to Ranieri IP, LLC.

ABSTRACT: Apparatus and methods for ingesting Legacy Records of mortgage loan servicing actions onto a Blockchain. The Blockchain is distributed to Participants in the Loan, such as the Borrowers, Regulators, Servicers, and Vendors. The present disclosure further provides a method for homogenizing a variety of Vendor Formats for inclusion on the Blockchain and memorializing execution of a smart contract on the Blockchain.

PATENT: Systems and methods for operating a math-based currency exchange; US 10,565,645 B1; 2/18/2020; CPC G06Q 40/04; assigned to Wells Fargo, N.A.

ABSTRACT: A method of performing a currency trade involving a math-based currency ("MBC") for a customer having a MBC account with a financial institution is described. The financial institution receives a trade order and determines an optimal trade sequence that may involve more than one trade to achieve the initially requested currency trade. The financial institution updates account balances associated with the customer on an overlay ledger to reflect the currency trade. The overlay ledger includes information relating to account balances of a plurality of MBC accounts associated with a plurality of customers.

PATENT: Methods and apparatus to internalize trade orders; US 10,565,646 B2; 2/18/2020; CPC G06Q 40/04; 12 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Methods and apparatus to internalize trade orders are described herein. An example method includes obtaining, via an internalization manager, a trade order communicated to an exchange. The trade order corresponds to a tradeable object offered at the exchange. The example method includes comparing, via the internalization manager, the trade order to one or more trade orders in an internalization order record to determine whether a matching contra-side trade order is included in the one or more trade orders in the internalization order record.

PATENT: Secure multi-server interest rate based instrument trading system and methods of increasing efficiency thereof; US 10,565,647 B1; 2/18/2020; CPC G06Q 40/04; 15 claims; assigned to Next Level Derivatives, LLC.

FIELD: The present innovations generally address apparatuses, methods, and systems for data and database management, and financial instrument and derivative construction, trading, and management, and more particularly, include secure multi-server interest rate based instrument trading system and methods of increasing efficiency thereof ("IRFI").

PATENT: Mobile communication device, methods and systems; US 10,565,648 B1; 2/18/2020; CPC G06Q 40/04; assigned to Citibank, N.A.

ABSTRACT: Mobile communication devices, systems, and methods involve receiving an extension of a trading-related application running on a mobile computing device by one or more processors of a wearable computing device and displaying a visualization of trading-related data on a display screen of the wearable computing device received via wireless communication with the mobile computing device from one or more back-end servers. A capture of input on the wearable computing device is detected by the mobile computing device via wireless communication with the wearable computing device and forwarded by the mobile computing device to the one or more backend servers.

PATENT: System and method for enhanced electronic networked settlement processor; US 10,565,649 B1; 2/18/2020; CPC G06Q 40/04; assigned to Chicago Stock Exchange, Inc.

ABSTRACT EXCERPT: A system and method are provided for settlement and delivery of cash settled futures contracts overlying open-ended mutual fund shares with optional delivery of mutual fund shares when physical settlement is elected. On the last date of the contract, a party which has an open position in the contract tenders the clearing organization a request to elect optional physical settlement of a specified number of shares of the mutual fund in additional to the standard cash settlement of those contracts.

PATENT: Content selection for mobile device; US 10,565,650 B2; 2/18/2020; CPC G06Q 40/04; 12 claims; assigned to Op-Palvelut Oy (FI).

ABSTRACT: Content selection for a mobile device. An apparatus obtains classified weekly consumption data of a consumer, calculates for each consumption class a relative daily value for each day of the week, calculates for each consumption class a content relevance probability in a selected day of the week on the basis of a relative daily value of the selected day of the week affected by a relative daily value of at least one day following the selected day of the week, controls a content selection for the consumer on the selected day of the week on the basis of the calculated content relevance probabilities for the selected day, and transmits the selected content to a mobile device of the consumer on the selected day.

PATENT: Equation-based transaction request messaging and transaction processing; US 10,565,651 B2; 2/18/2020; CPC G06Q 40/04; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A data transaction processing system receives and processes equation-based electronic data transaction request messages. Transmitting equation-based electronic data transaction request messages that represent a large series of discrete values reduces the data transmission to the data transaction processing system. Processing equation-based electronic data transaction request messages instead of a series of discrete values reduces the amount of time need to perform transactions, greatly reducing processing latency. Equation-based electronic data transaction request messages can also be efficiently updated by modifying equation parameters, again reducing the amount of data transmitted to the data transaction processing system.

PATENT: System and method for automatic repositioning of market information in a graphical user interface; US 10,565,652 B2; 2/18/2020; CPC G06Q 40/04; 17 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A method for automatically positioning information related to a commodity on a graphical user interface. Market information is displayed on the graphical user interface. The market information may be presented as a number of indicators, corresponding to particular items of interest, that are associated with a static scale. The scale may, for example, represent price. Upon detecting a predetermined condition, the location of the market information is automatically repositioned.

PATENT: Slicer order quantity reduction tool; US 10,565,653 B2; 2/18/2020; CPC G06Q 40/04; 16 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: The disclosed embodiments generally relate to a slicer order quantity reduction tool. An example method for reducing a quantity of a slicer order includes calculating a collective quantity associated with available ones of a plurality of child orders; comparing the collective quantity and a reduction amount received in connection with a quantity reduction request for the slicer order; and determining, when the comparison indicates that the available ones of the child orders have insufficient quantity to meet the reduction amount, whether inflight ones of the plurality of child orders collectively have sufficient quantity to make up a shortfall of the available ones of the child orders.

February 11, 2020

Total CPC G06Q Subclass (business methods) patents issued:  115

Financial industry business method patents reviewed herein:   10

PATENT: Secure real-time product ownership tracking using distributed electronic ledgers; US 10,558,955 B2; 2/11/2020; CPC G06Q 20/0655; 19 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: A processor receives a signal representing data including event information detailing an event involving an entity having a registered ownership interest in a product and loads a portion of a distributed electronic ledger for tracking ownership information associated with the product.

PATENT: Shareable widget interface to mobile wallet functions; US 10,558,963 B2; 2/11/2020; CPC G06Q 20/202; 15 claims; assigned to MasterCard Mobile Transactions Solutions, Inc.

ABSTRACT: Configuring a shareable widget interface to mobile wallet functions includes disposing a wallet module in a memory of a client device, and disposing a wallet companion applet in a secure element accessible by the client device, wherein the wallet companion applet facilitates access by at least one other applet and at least one wallet module to content that is stored in the secure element via a mobile wallet function sharable interface.

PATENT: Modified confirmation element data for transaction confirmation; US 10,558,969 B2; 2/11/2020; CPC G06Q 20/3226; 19 claims; assigned to Visa International Service Association.

ABSTRACT: A transaction is conducted by a user. Confirmation element data and a corresponding confirmation element identifier are generated for the transaction. The confirmation element data and an authorization response message for the transaction are then associated by the confirmation element identifier. The confirmation element data and the confirmation element identifier are sent to a mobile device of the user. The user enters a user personal identifier at the mobile device, which generates modified confirmation element data comprising the user personal identifier. The modified confirmation element data is sent with the authorization response message to a processing entity.

PATENT: Systems and methods for use in facilitating transactions; US 10,558,975 B2; 2/11/2020; CPC G06Q 20/4012; 18 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: Systems and methods are provided for use in facilitating transactions associated with a payment account. One exemplary method includes receiving an authentication request message for a transaction to a payment account associated with a consumer, where the payment account is associated with at least one authentication procedure requiring input from the consumer to authenticate the consumer in connection with the transaction and where the authentication request message includes at least one detail related to the transaction.

PATENT: Unique identification of customer using an image; US 10,558,976 B1; 2/11/2020; CPC G06Q 20/40145; 10 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method for authenticating an individual for login to a server computer includes receiving at the server computer data for a first authentication image from an electronic computing device. First attributes are identified of one or more similar geometrical shapes from the data for the first authentication image. A determination is made as to whether the first attributes of the one or more similar geometrical shapes from the data for the first authentication image correspond to second attributes from a second authentication image accessible on or by the server computer. When the first attributes correspond to the second attributes, the individual is authenticated on the server computer.

PATENT: System and method for linking bill payment service with remittance; US 10,558,977 B2; 2/11/2020; CPC G06Q 20/40145; 2 claims; assigned to MasterCard International Incorporated.

ABSTRACT: An enrollment of a receiver in a biometric authentication system is obtained. The receiver is challenged with a pre-remittance biometric challenge from the biometric authentication system prior to initiating a remittance to the receiver. An indication is obtained that the remittance has at least been initiated to a financial account of the receiver. The indication includes successful completion of the pre-remittance biometric challenge by the receiver. Responsive to obtaining the indication, at least one payee is automatically paid from the financial account.

PATENT: Systems and methods for analyzing spending behavior of participants associated with fund disbursement programs; US 10,559,031 B2; 2/11/2020; CPC G06Q 40/02; 16 claims; assigned to MasterCard International Incorporated.

FIELD: The present disclosure generally relates to systems and methods for use with fund disbursement programs, in which purchase behaviors of participants to the programs are analyzed in order to provide certain responses to the participants regarding the purchase behaviors, for example, to incentivize certain behaviors and discourage others.

PATENT: Creation and redemption for ETP shares of bulky metals; US 10,559,032 B2; 2/11/2020; CPC G06Q 40/04; 20 claims; assigned to Blackrock Institutional Trust Company, N.A.

ABSTRACT EXCERPT: To create shares of an ETP based on a bulky metal, an authorized participant (AP) provides an amount of material, such as base or bulky metal, that is within an allowable range of the target value. A central intermediary intermediates the transfer of the mismatched weight between the ETP and the AP to bring the amount of the applicable material or bulky metal to the exact amount needed for the creation (or redemption, in the reverse transaction) of the ETP shares.

PATENT: Deploying and implementing centralized trading and tracking computing platforms to support tri-party trading; US 10,559,033 B2; 2/11/2020; CPC G06Q 40/04; 18 claims; assigned to Bank of America Corporation.

ABSTRACT: Aspects of the disclosure relate to computer systems that provide effective, efficient, scalable, and convenient ways of securely and uniformly managing how internal computer systems exchange information with external computer systems to provide and/or support different products and services offered by an organization, such as a financial institution. For example, one or more aspects of the disclosure relate to centralized trading and tracking computing platforms that may perform various functions, including supporting tri-party trading, and may integrate with other computer systems operated by an organization, such as a financial institution. As illustrated in greater detail below, the centralized trading and tracking computing platforms may support trading operations in which a financial institution operating the centralized trading and tracking computing platforms trades assets that are held away from the financial institution by a third-party custodian or trustee on behalf of a customer or other beneficiary.

PATENT: Systems and methods for verifying user identity based on social media messaging; US 10,559,034 B2; 2/11/2020; CPC G06Q 40/04; 27 claims; assigned to The Toronto-Dominion Bank.

FIELD: The disclosed embodiments generally relate to computerized systems and methods for authenticating user identity, and more particularly, and without limitation, computerized systems and methods that facilitate an automated verification of user identity based on social media messaging.

February 4, 2020

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

Financial industry business method patents reviewed herein:   9

PATENT: Behavior based determination of financial transaction favorites; US 10,552,902 B1; 2/4/2020; CPC G06Q 40/02; 20 claims; assigned to Wells Fargo.

ABSTRACT EXCERPT: Techniques are described for monitoring a plurality of financial transactions of a customer performed across a plurality of financial accounts. The techniques may include determining a subset of the plurality of financial transactions based on a first metric applied to the plurality of financial transactions.

PATENT: Systems and methods for displaying order performance metrics; US 10,552,903 B2; 2/4/2020; CPC G06Q 40/04; 11 claims; assigned to Fidessa Trading UK Limited.

ABSTRACT: Systems and methods for generating a graphical representation for and displaying order performance metrics for one or more user orders of one or more market instruments. A graphical representation of the order performance metrics can be aligned with a graphical representation of market data relating to prices and volume of user orders, market orders, user order executions, and market trades. The order performance metrics can be displayed as one or more performance bars or ribbons divided into segments, which can be assigned a color based on a user order's performance with respect to a market benchmark. The graphical representations can be displayed using a display device.

PATENT: Device, system, and method for transfer of commodities; US 10,552,904 B2; 2/4/2020; CPC G06Q 40/04; 20 claims; assigned to Castor Pollux Holdings SARL.

ABSTRACT EXCERPT: A device, system, and method transfer commodities using tokens. The method performed by a first entity includes receiving from a second entity a request for tokens, the request indicating an unallocated position of a commodity of the second entity, the unallocated position managed by a third entity.

PATENT: System and method for improved distribution of market information; US 10,552,906 B2; 2/4/2020; 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. The preferred embodiment monitors the bandwidth consumption to determine what mode of transmission to apply, and in response, it can dynamically change between modes of transmission.

PATENT: Charting multiple markets; US 10,552,907 B2; 2/4/2020; 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: Virtual over-the-counter financial product exchange system; US 10,552,908 B2; 2/4/2020; CPC G06Q 40/06; 54 claims; assigned to Yellowjacket, Inc.

TECHNICAL FIELD: The present invention generally relates to computer systems for trading and analyzing derivative products, and more particularly, software that aggregates and integrates derivative products trading information from various broker networks.

PATENT: Fund of funds analysis tool; US 10,552,909 B2; 2/4/2020; CPC G06Q 40/06; 39 claims.

ABSTRACT: Systems and techniques are disclosed to analyze fund of funds investments. The system is configured to provide at least one objective analytic that indicates the level of risk associated with a fund of funds investment strategy. The system provides both a quantitative and qualitative risk measurement value using actual portfolio holdings data of underlying funds that can be used to compare multi-faceted investment portfolios.

PATENT: Method and system for allocating deposits over a plurality of depository institutions; US 10,552,910 B1; 2/4/2020; CPC G06Q 40/06; 20 claims; assigned to Island Intellectual Property LLC.

FIELD: The field of the invention relates generally to administration of client transaction accounts, and administration of interest-bearing aggregated deposit accounts at program banks.

PATENT: Facilitation of accrual based payments between counterparties by a central counterparty; US 10,552,929 B2; 2/4/2020; CPC G06Q 40/06; 23 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: A system for moving money between accounts of traders by a central counterparty to facilitate a plurality of payments, i.e. the movement of funds, there between is disclosed which provides a flexible mechanism which supports simpler accounting, new types of derivatives contracts as well new types fees.

January 28, 2020

Total CPC G06Q Subclass (business methods) patents issued:  109

Financial industry business method patents reviewed herein:   9

PATENT: Mobile wallet as a consumer of services from a service provider; US 10,546,283 B2; 1/28/2020; CPC G06Q 20/202; 20 claims; assigned to MasterCard Mobile Transactions Solutions, Inc.

ABSTRACT: A system for supporting transactions by mobile devices includes a mobile transaction platform server hosting and managing a plurality of wallet services and at least one interface for deployment of the mobile transaction server within a network ecosystem used by a service provider. The service provider uses a resource of the mobile transaction platform to publish software that provides incremental functionality to a wallet application that operates on the mobile transaction platform.

PATENT: Closed system processing connection; US 10,546,287 B2; 1/28/2020; CPC G06Q 20/228; 21 claims; assigned to Visa International Service Association.

SUMMARY: Embodiments of the invention relate to improved methods of processing prepaid cards (e.g., gift cards) issued by merchants using closed system connections that can communicate through a payment processing network. Embodiments of the invention allow a consumer having a prepaid card issued by a first merchant to use the prepaid card at a second merchant.

PATENT: Mobile wallets with automatic element selection; US 10,546,289 B1; 1/28/2020; CPC G06Q 20/36; 17 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Methods and systems are disclosed for determining a wallet element for a transaction from among plurality of elements in a mobile wallet application operating on a mobile device. The mobile device, can for example, receive data from a contactless terminal that includes a transaction type such as a payment type or non-payment type transaction.

PATENT: Methods, systems, and computer readable media for provisioning and utilizing an aggregated soft card on a mobile device; US 10,546,290 B2; 1/28/2020; CPC G06Q 20/36; 20 claims; assigned to MasterCard International Incorporated.

TECHNICAL FIELD: The subject matter described herein relates to wireless devices conducting payment and non-payment transactions. More particularly, the subject matter described herein relates to methods, systems, and computer readable media for provisioning and utilizing an aggregated soft card on a mobile device.

PATENT: Fraudulent activity shell; US 10,546,299 B1; 1/28/2020; CPC G06Q 20/4016; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Systems, methods, and other embodiments associated with a fraudulent activity shell. According to one embodiment, a system includes an application having a normal environment and a shell environment. The system also includes a trigger logic that determines whether an action satisfies a trigger condition. In response to determining that the action satisfies the trigger condition, the trigger logic triggers the application to enter a fraudulent activity mode from a default mode. In the fraudulent activity mode, the normal environment is configured to hold the action. The shell environment is configured to display the action as executed in the fraudulent activity mode.

PATENT: Cardbot system and associated APIs; US 10,546,312 B2; 1/28/2020; CPC G06Q 30/0215; 13 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: A method of assisting with payment of a transaction involving a first user and a second user using a CardBot System including a CardBot API residing in a chat platform is disclosed.

PATENT: Systems and methods to program operations for interaction with users; US 10,546,332 B2; 1/28/2020; CPC G06Q 30/06; 11 claims; assigned to Visa International Service Association.

ABSTRACT: In one aspect, a computing apparatus is configured to represent offer rules based on requirements for the detection of predefined types of events and actions scheduled to be performed in response to the detection of each occurrence of the events. The events are independent from each other in processing and are linked via prerequisite conditions to formulate the requirements of an offer campaign.

PATENT: Systems and methods for presenting vehicular transaction information in a data communication network; US 10,546,335 B2; 1/28/2020; CPC G06Q 30/0611; 21 claims; assigned to Royal Bank of Canada.

ABSTRACT EXCERPT: A system for dynamically presenting vehicular transaction information in a data communication network includes a network interface subsystem and a dynamic communication subsystem.

PATENT: Methods and systems to employ aggregated order quantity modification strategies; US 10,546,349 B2; 1/28/2020; CPC G06Q 40/04; 17 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: The disclosed embodiments provide an order balancing tool for modifying one or more components of an aggregated order in response to a change in quantity of the aggregated order. As used herein, the phrase "aggregated order" refers to two or more trade orders for a same tradeable object at a same price that may be distributed between two or more electronic exchanges. Aggregating trade order quantities may be useful, for example, for trading groups to improve the likelihood of the total number of contracts being filled by placing one trade order rather than two separate trade orders that may be separated by additional trade orders received from different accounts.

January 21, 2020

Total CPC G06Q Subclass (business methods) patents issued:  119

Financial industry business method patents reviewed herein:   10

PATENT: User interface with controller for selectively redistributing funds between accounts; US 10,540,712 B2; 1/21/2020; CPC G06Q 40/02; 12 claims; assigned to The PNC Financial Group, Inc.

ABSTRACT: A graphical user interface including a controller for redistributing funds between a first account and a second account. The controller includes a slidable element positionable over a fixed background element to define a first segment and a second segment of the background element. A length of the first segment is representative of a balance of the first account, and a length of the second segment is representative of a balance of the second account.

PATENT: Method and apparatus to evaluate and provide funds in online environments; US 10,540,713 B2; 1/21/2020; CPC G06Q 40/02; 12 claims; assigned to Kabbage, Inc.

ABSTRACT EXCERPT: A method, apparatus, and computer readable storage to implement a lending or cash advance system that can be (but is not required to be) integrated with an online commerce site. Sellers on the online commerce site can click a button or tab in their web browser that is visiting the online commerce site and information known to the online commerce site is automatically shared with a potential cash provider.

PATENT: Financial analysis in a computing environment; US 10,540,714 B1; 1/21/2020; CPC G06Q 40/02; 20 claims; assigned to Capital One Services, Inc.

ABSTRACT EXCERPT: Techniques for providing a cash flow tool that analyzes financial transaction data for a customer to address any determined inefficient activities of the customer are provided. Financial transaction for the customer can be received. The financial transaction data can include payables transaction data and receivables transaction data. A first inefficient activity of the customer can be determined based on the payables transaction data. A second inefficient activity of the customer can be determined based on the receivables transaction data.

PATENT: Automated options trading system that generates a flattened trading spread; US 10,540,715 B2; 1/21/2020; CPC G06Q 40/04; 20 claims; assigned to TD Ameritrade IP Company, Inc.

ABSTRACT EXCERPT: Disclosed herein are system, method, and computer program product embodiments for generating a flattened trading spread. An embodiment operates by receiving one or more inputs indicating criteria for a potential trade including a stock, a predicted direction for the stock, a predicted duration for the predicted direction, a tolerable probability of success, and a tolerable percentage of potential loss from an account. A scan on the stock within the predicted duration is executed against a database containing real-time quotes and associated trading data.

PATENT: Directed order; US 10,540,716 B2; 1/21/2020; CPC G06Q 40/04; 21 claims; assigned to NYSE Group, Inc.

ABSTRACT: A directed order process and related market center are disclosed, wherein a market center grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior trading interest in the marketplace first before crossing.

PATENT: Financial products trading system and financial products trading control method; US 10,540,717 B2; 1/21/2020; CPC G06Q 40/04; 10 claims; assigned to Hitachi, Ltd., and Tokyo Stock Exchange, Inc.

TECHNICAL FIELD: The present invention relates to a financial products trading system and a financial products trading control method. Note that "financial products trading" in the present invention refers to securities trading and derivatives trading defined in the Financial Instruments and Exchange Act and to commodity derivatives trading defined in the Commodity Derivatives Act.

PATENT: Cover-OCO for legged order; US 10,540,718 B2; 1/21/2020; 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 tradable 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: Method and apparatus for message flow and transaction queue management; US 10,540,719 B2; 1/21/2020; CPC G06Q 40/04; 20 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: Systems and methods for administering investment portfolios based on transaction data; US 10,540,720 B2; 1/21/2020; CPC G06Q 40/06; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: The disclosed embodiments include systems and methods for administering actual and virtual investment portfolios based on transaction data associated with one or more users. The disclosed embodiments may be configured to modify an investment risk tolerance of a user based on transaction data identifying one or more first products purchased by the user and one or more prior financial services transactions associated with the user. The disclosed embodiments may also be configured to identify one or more first securities based on a portion of the transaction data and the modified investment risk tolerance. In certain aspects, the identified first securities may be related to at least one of the purchased products.

PATENT: Mobile wallets with packaged travel services; US 10,540,729 B1; 1/21/2020; CPC G06Q 50/14; 21 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Methods and systems for location-based mobile wallets are disclosed. A one-time mobile wallet can be established on a mobile device and associated with a travel itinerary. Device data and external data can be used with the travel itinerary to determine a travel assistance action. The location of the mobile device can be determined using GPS and/or contactless terminal data, for example. Based on the location of the mobile device and the travel itinerary, a travel assistance action can be performed.

January 14, 2020

Total CPC G06Q Subclass (business methods) patents issued:  92

Financial industry business method patents reviewed herein:   9

PATENT: Systems and methods for financial operations performed at a contactless ATM; US 10,535,047 B1; 1/14/2020; CPC G06Q 20/1085; 19 claims; assigned to Wells Fargo.

ABSTRACT: Methods and systems for completing financial operations via a contactless automated teller machine are disclosed. A financial institution computing system includes a network interface circuit exchanging information over a network, a customer database retrievably storing financial information relating to a plurality of customers, and a data exchange circuit. The data exchange circuit receives a financial operation request. The financial operation request is generated by an automated teller machine in response to a payment token received from a mobile wallet circuit on a mobile device. The data exchange circuit authorizes the financial operation request based on information in the customer database.

PATENT: Automated financial transactions; US 10,535,048 B2; 1/14/2020; CPC G06Q 20/1085; 20 claims; assigned to IBM.

ABSTRACT: Arrangements relate to processing financial transactions on an automated teller machine (ATM). An ATM identifier can be presented on a display of the ATM. An ATM identifier confirmation can be received from a mobile computing device. Responsive to determining that the ATM identifier confirmation matches the identifier presented on the display of the ATM, a customer authentication or a transaction request can be received from the mobile computing device. Responsive to verifying the customer authentication or the transaction request, the transaction request can be processed.

PATENT: Payment transactions via substantially instant communication system; US 10,535,049 B2; 1/14/2020; CPC G06Q 20/12; 13 claims; assigned to PayPal, Inc.

ABSTRACT: A method and a system conducts payment transactions via instant messaging. The system includes a messaging interface to receive a payment transaction request at a payment application from a network-based device via a network. The messaging interface facilitates substantially instant communication over the network. The payment application, responsive to receiving the payment transaction request, transfers a payment from a user associated with the network-based device to a third party.

PATENT: Automated transfer of enriched transaction account data to a submitted record of charge; US 10,535,050 B2; 1/14/2020; CPC G06Q 20/12; 20 claims; assigned to American Express Travel Related Services Company, Inc.

ABSTRACT: Transaction account holders are able to attach additional data to a transaction in concert with the transaction being initiated, prior to the merchant posting the transaction. Transaction account holders do not have to wait and/or opt for an external service provider to assist with the compiling and/or attaching of data at a later point in time (e.g., after the merchant posts the transaction). Transaction account holders may upload and access electronic receipts associated with a transaction authorization almost immediately after the sale and/or authorization of the transaction.

PATENT: Mobile payment station system and method; US 10,535,058 B2; 1/14/2020; CPC G06Q 20/3223; 30 claims; assigned to Mobile Equity Corp.

ABSTRACT EXCERPT: A mobile device is used to initiate and execute a transaction between a customer and a merchant. A mobile device is used to initiate a point of sale transaction, wherein a merchant ID is sent to a payment processing server. Responsive to receiving a communication from the mobile device, the payment processing server requests transaction information from the merchant, wherein the merchant is identified based on the provided merchant ID.

PATENT: System and method for processing financial transactions using a mobile device for payment; US 10,535,060 B2; 1/14/2020; CPC G06Q 20/3226; 18 claims; assigned to MasterCard International Incorporated.

SUMMARY: The present disclosure relates to the conducting of financial transactions using a mobile device, specifically the selection of a payment account for funding a financial transaction using a mobile device for Internet and point-of-sale transactions.

PATENT: Using a contactless card to securely share personal data stored in a blockchain; US 10,535,062 B1; 1/14/2020; CPC G06Q 20/3674; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems, methods, and articles of manufacture to securely share data stored in a blockchain. A contactless card may receive a request to provide a data element from a device. An applet of the contactless card may encrypt the data element and a wallet address. The applet may generate a signature for the request, and transmit, to a mobile device, the signature and the encrypted data. The mobile device may transmit, to a verification service, the signature and encrypted data. The verification service may verify the signature based on a public key. A node in a blockchain may generate a block in the blockchain, the block comprising indications of the verification of the signature, the requested data element, and the wallet address. An encrypted data element corresponding to the data element may be decrypted using a public key. The device may receive the decrypted data element from the wallet address.

PATENT: Secure payment transactions based on the public bankcard ledger; US 10,535,065 B2; 1/14/2020; CPC G06Q 20/401; 17 claims; filed by Business Information Exchange System Corp.

ABSTRACT: A system for bankcard payments, wherein payments are peer-to-peer transactions between the cardholder and merchant without participation from any third party. The system uses standard bankcards and supports both debit and credit card payments. For authorization of payments the system uses a special, global, distributed, append-only, and secure public bankcard ledger. The entries in the ledger are virtual accounts used for bankcard payments, organized into account chains. The system provides security, privacy, anonymity, and untraceability for cardholders and their transactions. The system allows for various users of the system to participate in transactions using preexisting payment systems. In one embodiment, specially designed mobile software modules and an innovative payment protocol all for transactions to be made between users.

PATENT: Financial market trading system; US 10,535,099 B2; 1/14/2020; CPC G06Q 40/04; claims; assigned to Refinitiv US Organization LLC.

ABSTRACT: According to the present invention, there is provided a computer system for providing a centralized trading service to one or more trading party sites, the system comprising: a) a service data centre comprising: i) a trading computer arranged to process and communicate trading data and to generate trading ticket data in respect of confirmed trades on the basis of trading data: ii) a data store accessible to the trading computer for temporarily storing trading ticket data records; and b) one or more trading party sites each comprising at least one user terminal running a hypermedia browser application, each trading party site being located remotely from the data centre, and being arranged to communicate with the trading computer over a packet-switched communications network: the system being arranged to present, to users of the terminals, hypermedia user interface components comprising trading data received from the trading computer.

January 7, 2020

Total CPC G06Q Subclass (business methods) patents issued:  157

Financial industry business method patents reviewed herein:   9

PATENT: Method and system for pre-transaction installment payment solution and simulation of installment; US 10,529,016 B2; 1/7/2020; CPC G06Q 40/025; 20 claims; assigned to MasterCard International Incorporated.

SUMMARY: The present disclosure relates to the flagging and processing of pre-approved installment transactions, specifically the pre-approval of a payment transaction by an issuing financial institution for processing as an installment and the flagging of the transaction as such during processing without requiring modification to existing point of sale systems.

PATENT: Credit scoring and pre-approval engine integration; US 10,529,018 B1; 1/7/2020; CPC G06Q 40/025; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT: Embodiments of systems and methods using integrated credit scoring and pre-approval tools are described. A credit score tool may obtain a user's credit score and associated credit information for display to the user. A credit pre-approval tool may assemble credit-related information for evaluation by a predictive model to determine whether a pre-approved offer of credit should be presented to the user along with the credit score.

PATENT: Trading platform with automated negotiation and option crossing; US 10,529,019 B2; 1/7/2020; CPC G06Q 40/04; 30 claims; assigned to Trebuchet Holding, LLC.

ABSTRACT: A system and method for trading securities that include at least one options leg is provided. The system generally includes a database, handlers, a network and at least one server. The database stores user information, security information and transaction information. The handlers receive information feeds from at least one public exchange. The at least one server implements an exchange facility that is capable of exchanging information with client terminals to allow the client to initiate at least one offer to trade a security having an option leg, identifying users interested in the offer, broadcasting the offer to the interested users and conducting a defined period auction among the interested users. The system and method also automatically cross the options legs on exchanges and facilitate negotiation when the auction is not consummated.

PATENT: Rule based vector space model for creating implied trade templates; US 10,529,020 B2; 1/7/2020; CPC G06Q 40/04; 22 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A match engine is utilized by either a market participant or an electronic trading system. The match engine receives orders, stores them internally, calculates tradable combinations and displays or otherwise publishes the tradable combinations or the order(s) needed to complete tradable combinations. The match engine operates under a set of rules that may be customized to provide only the tradable combinations that are likely to be executed and contribute to total trading volume. At least some tradeable combinations that are not likely to be traded are not calculated, which frees up the computing capacity of the electronic trading system.

PATENT: Retail aggregator apparatuses, methods and systems; US 10,529,021 B2; 1/7/2020; CPC G06Q 40/04; 13 claims; assigned to NYSE Group, Inc.

ABSTRACT: Systems and methods for facilitating retail price improvement of a security order. The systems and methods may include receiving at an exchange, using a processor, a retail order to buy or sell a security; receiving at the exchange, using a processor, a contra-side non-displayed order for the security, wherein the contra-side non-displayed order has an improved price relative to a benchmark; and filling, using a processor, at least a portion of the retail order at the improved price using the contra-side non-displayed order.

PATENT: Computer methodology providing as-of-day volatility surface construction for pricing; US 10,529,022 B2; 1/7/2020; CPC G06Q 40/04; 18 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A method and system are disclosed for more efficiently constructing a volatility surface. The methodology results in measurable reduction in the quantity of storage memory space needed on a computer executing the novel methodology, reduces the measurable, on-demand computational load on the processor(s) of a computer executing the novel methodology, and also permits as-of-day calculations of the volatility surface that were previously impossible to obtain in near real-time.

PATENT: System and method for displaying risk data in an electronic trading environment; US 10,529,023 B2; 1/7/2020; CPC G06Q 40/04; 18 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: An example graphical interface and method for displaying risk related data are described. One example graphical interface includes a data structure comprising a plurality of data nodes and at least one risk data point associated with each node, and further comprises a display grid. The display grid includes one or more cells that are used for displaying selected data nodes and risk data points. Each cell may be associated with a single data node, and may include one or more identifiers corresponding to risk data points of the data node. In one example embodiment, the identifiers are aligned along a single axis, and risk related data corresponding to each identifier is aligned with respect to each corresponding identifier.

PATENT: Facilitating business transactions between trading networks; US 10,529,024 B2; 1/7/2020; CPC G06Q 40/04; 20 claims; assigned to JDA Software Group, Inc.

ABSTRACT EXCERPT: A system is disclosed for establishing an interconnection between trading networks. The system receives an access establishment request communicated from a home user subscribed to a home trading network and not subscribed to a foreign trading network, the access establishment request including a request to access a desired application, the desired application associated with the foreign trading network. The system further communicates the access establishment request to a foreign operator computer system and receives an approval of the access establishment request communicated from the foreign operator computer system.

PATENT: In-line FIX packet translator; US 10,529,024 B2; 1/7/2020; CPC G06Q 40/04; 15 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: 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. The example method includes performing in-line translation of the message content of the received message to adjust the message content according to a predefined set of rules without affecting the message wrapper (with the possible exception of the message size) and message routing session. The example method includes facilitating routing of the message to the target based on the message wrapper.

December 31, 2019

Total CPC G06Q Subclass (business methods) patents issued:  136

Financial industry business method patents reviewed herein:   5

PATENT: Categorizing financial transactions based on spending patterns; US 10,521,856 B1; 12/31/2019; CPC G06Q 40/00; 16 claims; assigned to Intuit Inc.

ABSTRACT: During operation of a system, a financial transaction of an individual is associated with one or more predefined categories based on scores that indicate the likelihood of association. For example, a given predefined category may include a merchant name (such as the name of a potential counterparty in the financial transaction) and/or an attribute associated with one or more merchants. The score for a given predefined category may be determined based on a number of occurrences of the given predefined category in financial-transaction histories of a subset of a group of individuals who have common spending patterns in their financial-transaction histories. Moreover, the spending pattern may be based on values of financial transactions in the financial-transaction histories.

PATENT: Reprice-to-block order; US 10,521,858 B2; 12/31/2019; CPC G06Q 40/04; 5 claims; assigned to NYSE Group, Inc.

ABSTRACT: A reprice-to-block order and related market center and process are disclosed which automatically reprice a posted limit order to the price of a block trade executed at an inferior price on a market away from the market center that posted the limit order.

PATENT: Biddable financial instrument, online competitive bidding platform for trading thereof and associated system and method of trading thereof; US 10,521,859 B2; 12/31/2019; CPC G06Q 40/04; 9 claims; assigned to Clarity Markets Holdings LLC.

ABSTRACT: The present invention relates to a new type of biddable financial instrument that can be traded on an online competitive bidding process and system and method of trading thereof specifically designed to accommodate the specific needs of these new biddable financial instruments associated primarily with the introduction in the instruments core of a contractual bidder or new properties like acceleration of term linked with trading on the competitive bidding software. The inventor contemplates the use of a large number of new biddable financial instruments, for example B-VRDOs, B-TOBs, and B-MLVRSs. The platform, system and method of trading associated thereto allows for easy portfolio management, Dutch trading, payment of interest, entry of good to cancel trade orders, priority management tools, acceleration of maturity, and offering on a secondary offering stage non-acquired portions held by the contractual bidder.

PATENT: Order entry actions; US 10,521,860 B2; 12/31/2019; 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: Decentralized asset custody and clearing platform system; US 10,521,861 B1; 12/31/2019; CPC G06Q 40/04; 10 claims; assigned to Blue Helix.

ABSTRACT: The present disclosure provides a method and system for decentralized digital asset storage and transfer. An exemplary system includes a platform including at least three dedicated and computationally independent computing nodes, and a first access gateway communicably coupled to the platform. The platform is configured to, upon receipt of a digital asset storage or transfer instruction via said first access gateway, perform a method including: performing, by each said node independently, a verification process in respect of said instruction to determine a verification result, and broadcasting said verification result thereof to the other nodes; determining a consensus between verification results determined by said nodes; and in the event of a consensus, each node processing said instruction, independently of said other nodes.

December 24, 2019

Total CPC G06Q Subclass (business methods) patents issued:  109

Financial industry business method patents reviewed herein:  7

PATENT: Person-to-person lending program product, system, and associated computer-implemented methods; US 10,515,405 B2; 12/24/2019; CPC G06Q 40/00; 11 claims; assigned to Metabank.

SUMMARY: The present invention relates generally to the financial service and lending industries, and, more particularly, to products, systems, and associated methods to finance a gap filling loan for a deficiency amount associated with a person-to-person loan request and to provide loans and guarantees from a financial institution for loan requests associated with a person-to-person lending.

PATENT: Information decision making and display; US 10,515,406 B1; 12/24/2019; CPC G06Q 40/025; 9 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: An information processing and display system includes a first database storing milestones associated with an approval process. A computing system is configured to access the first database and estimate start dates for the milestones. A risk of delay is determined for the milestones based on information associated with the approval process, and first adjusted start dates are estimated based on the determined risk of delay.

PATENT: Systems and methods for bid/offer liquidity spread trading; US 10,515,408 B2; 12/24/2019; CPC G06Q 40/04; 122 claims; assigned to BGC Partners, Inc.

ABSTRACT EXCERPT: Apparatus and methods for automatically executing a trade of an item between a market participant who issues a request for a quote for an item and a market participant who responds to the request are provided. In some embodiments, an automatic trade may be conditioned upon the acknowledgement, by the participant who issues the request, of an obligation to execute the trade.

PATENT: Distributing work load of high-volume per second transactions recorded to append-only ledgers; US 10,515,409 B2; 12/24/2019; CPC G06Q 40/04; 13 claims; assigned to

Domus Tower, Inc.

ABSTRACT: Various of the disclosed embodiments concern systems and methods for expediting the settlement of securities traded on an exchange. A settlement system can generate electronic records of financial transactions by bundling a trade report, clearing instructions, etc., into a cryptographic ledger. Current cryptographic ledgers do not handle transactions at the rate which securities are traded. In order to improve rate processing for cryptographic ledgers shared transaction trees are used.

PATENT: Method and system for calculating and providing initial margin under the standard initial margin model; US 10,515,410 B2; 12/24/2019; CPC G06Q 40/04; 22 claims; assigned to International Swaps and Derivatives Association, Inc.

SUMMARY: The invention relates to a method and system for calculating and providing an overall initial margin for non-cleared derivatives based on a novel Standard Initial Margin Model ("SIMM").

PATENT: Trade action confirmation tool; US 10,515,411 B2; 12/24/2019; CPC G06Q 40/04; 6 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: System and method for dynamically adapting asset allocation and withdrawal rates; US 10,515,413 B1; 12/24/2019; CPC G06Q 40/06; 21 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Methods and systems for generating a recommended retirement profile for a retiree are disclosed herein. An indication to generate, for a retiree, a recommended retirement profile is received. A plurality of decumulation parameters are identified, and a utility function is computed based on the decumulation parameters. The recommended retirement profile is generated based on the computed utility function.

December 17, 2019

Total CPC G06Q Subclass (business methods) patents issued:  110

Financial industry business method patents reviewed herein:   5

PATENT: Send cryptographic currency to email address; US 10,510,053 B2; 12/17/2019; CPC G06Q 20/065; 12 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. The set of instructions includes a wallet establishment module, a login module, a hosted email module and a wallet management.

PATENT: Systems and methods for generating and administering mobile applications using pre-loaded tokens; US 10,510,071 B2; 12/17/2019; CPC G06Q 20/3829; 19 claims; assigned to Toronto-Dominion Bank.

ABSTRACT EXCERPT: The disclosed embodiments include computerized methods and systems that provide mobile application programs to devices of users and that administer these mobile application programs using tokens "pre-loaded" with data. In one aspect, the disclosed embodiments may generate a mobile payment product, such as a mobile wallet, that is "pre-loaded" with eligible financial products.

PATENT: Providing financial transaction data to a user; US 10,510,113 B2; 12/17/2019; CPC G06Q 40/02; 8 claims; assigned to MX Technologies, Inc.

ABSTRACT EXCERPT: The disclosure extends to computer-implemented personal financial management tools, methods and systems for providing financial transaction data to a user in the form of transaction images, such as check images, deposit images, receipt images, and other transaction related images, which may be incorporated into the personal financial management tool.

PATENT: Distributed trading bus architecture; US 10,510,114 B2; 12/17/2019; CPC G06Q 40/04; 20 claims; assigned to New York Mercantile Exchange, Inc.

FIELD: The present invention relates, in general, to financial transaction software, and, more particularly, to software, systems and methods for processing transactions in a regulated exchange in a distributed fashion.

PATENT: Computerized exchange controlled network system and related method; US 10,510,115 B2; 12/17/2019; CPC G06Q 40/04; 10 claims; assigned to Dearborn Financial, Inc.

FIELD: The present teachings generally pertain to systems and methods for energy market hedging, and particularly to a computerized exchange controlled network able to exercise controls over virtually all aspects of data access and order processing of various types of tradable assets, without the use of intermediaries.

December 10, 2019

Total CPC G06Q Subclass (business methods) patents issued:  157

Financial industry business method patents reviewed herein:   11

PATENT: System and method to search and verify borrower information using banking and investment account data and process to systematically share information with lenders and government sponsored agencies for underwriting and securitization phases of the lending cycle; US 10,504,174 B2; 12/10/2019; CPC G06Q 40/025; 20 claims; assigned to Early Warning Services, LLC.

ABSTRACT: Account data (e.g., balance information) for accounts at a plurality of financial institutions (or government agencies) is stored (and updated) in a central database system and accessed using a personal identifier, such as a social security number. Risk data may be generated for accounts based on the account data. The account data and risk data are accessed in response to either an account search request (e.g., from a government entity and relating to a benefits program or a subpoena) or an account verification request (e.g. from a mortgage company and relating to a mortgage application).

PATENT: Method, system and machine readable program for mitigating effects of spikes in financial data; US 10,504,175 B2; 12/10/2019; CPC G06Q 40/04; 21 claims; assigned to Revinitiv US Organization LLC.

ABSTRACT EXCERPT: A method for analyzing financial data generated in an exchange in communication with a client/server network. The method includes the steps of receiving a first set of data related to a financial instrument on the exchange, the first set of data being within a time interval and including: a high value for the financial instrument during the time interval; a low value for the financial instrument during the time interval; an opening value for the financial instrument during the time interval; and a closing value for the financial instrument during the time interval.

PATENT: Variants of NAV-based trading for less closely-linked components of index arbitrage complexes; US 10,504,176 B2; 12/10/2019; CPC G06Q 40/04; 48 claims; assigned to

Navigate Fund Solutions LLC.

ABSTRACT: Systems and methods are provided in which a first module is configured to execute a trade of a securities futures product on an underlying financial instrument for which a net asset value calculated and published at or after a specified time. A second module determines a price for the executed trade, which is (a) a first price which is at a specified discount, (b) a second price which is substantially equal, and/or (c) a third price which is at a premium, to the net asset value or net asset value with basis adjustment. A third module is configured to submit the executed trade for settlement at the determined price.

PATENT: Systems and methods for using secondary market for primary creation and redemption activity in securities; US 10,504,177 B2; 12/10/2019; CPC G06Q 40/04; 20 claims; assigned to NYSE Group, Inc.

ABSTRACT EXCERPT: Systems and methods for transforming an electronic portfolio. A system includes an electronic crossing platform that receives data defining trade orders of the electronic portfolio during an initial time period; compares portions of the data to determine an imbalance of the trade orders remaining after the initial time period and receives, during a final time period, a final trade order from a fund agent device to offset the remaining imbalance.

PATENT: System for physically delivering virtual currencies; US 10,504,178 B2; 12/10/2019; CPC G06Q 40/04; 25 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods are disclosed for settling futures contracts that are based on virtual currencies. A clearing counter-party operates a clearing counter-party computer that may oversee physical delivery of virtual currency between a buyer and seller. The clearing counter-party computer does not take possession of the virtual currency and monitors a publically viewable ledger to confirm that transactions have taken place.

PATENT: Social aggregated fractional equity transaction partitioned acquisition apparatuses, methods and systems; US 10,504,179 B1; 12/10/2019; CPC G06Q 40/04; 30 claims; assigned to FMR LLC.

SUMMARY: The Social Aggregated Fractional Equity Transaction Partitioned Acquisition Apparatuses, Methods and Systems, transforms virtual wallet addresses or fractional order purchase request inputs, via SAFETPA components (e.g., Virtual Currency Component, Blockchain Component, Transaction Confirmation Component, etc.), into transaction confirmation outputs.

PATENT: Volume attentive trade liquidity builder; US 10,504,180 B2; 12/10/2019; CPC G06Q 40/04; 20 claims; assigned to The Bartley J. Madden Foundation.

ABSTRACT: Systems and methods are described for aggregating and filling Volume Attentive Trade (VAT) orders using a VAT Liquidity Builder. As described, in various aspects a first grouping of VAT orders may be aggregated by the VAT Liquidity Builder. A second grouping of VAT orders may also be aggregated by the VAT Liquidity Builder. Each of the VAT orders for the first and second groups may each include a set of VAT rules that define a limit price, a share quantity and a VAT delta. The VAT Liquidity Builder may then generate an effective limit price for each of the first group of VAT orders using the corresponding limit prices and VAT deltas, and generate an execution command to fill a particular VAT order having the largest share quantity from the second group of VAT orders with one or more qualifying VAT orders from the first group.

PATENT: Systems and methods for providing a customizable spreadsheet application interface for an electronic trading system; US 10,504,181 B2; 12/10/2019; CPC G06Q 40/04; 18 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: User-defined algorithm electronic trading; US 10,504,182 B2; 12/10/2019; CPC G06Q 40/04; 18 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. Certain embodiments provide a design canvas area and blocks for designing an algorithm.

PATENT: Methods, apparatus, and systems for processing data transactions; US 10,504,183 B2; 12/10/2019; CPC G06Q 40/04; 40 claims; assigned to Nasdaq Technology AB.

ABSTRACT: Methods, apparatus, and systems for processing data transactions use a sequencer communicating with a plurality of data processors and provide improved performance and lower latency.

PATENT: Fast track routing of streaming data as between multiple compute resources; US 10,504,184 B2; 12/10/2019; CPC G06Q 40/04; 30 claims; assigned to IP Reservoir, LLC.

ABSTRACT EXCERPT: Systems and methods are disclosed for fast track routing of streaming data as between multiple compute resources. For example, the system may comprise a first processor, a second processor, a shared memory that is mapped into a kernel and user space of an operating system for the processor, a network protocol stack, and driver code for execution within the kernel space of the operating system while the operating system is in the kernel mode.

December 3, 2019

Total CPC G06Q Subclass (business methods) patents issued:  142

Financial industry business method patents reviewed herein:   5

PATENT: Systems and methods for authenticating user identities in networked computer systems; US 10,496,988 B2; 12/3/2019; CPC G06Q 20/401; 18 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The disclosed embodiments include methods and point-of-sale terminals for authenticating a user. The disclosed embodiments include, for example, a method for receiving, by one or more processors, authentication data from an authentication network, the authentication data including an authentication code identifying an authentication transaction associated with an authenticating partner system. The method may also include validating, by the one or more processors, the authentication data, the validating comprising comparing the authentication data with validation data corresponding to a prior authentication event associated with the user.

PATENT: System and method for randomizing orders in an electronic trading environment; US 10,497,056 B2; 12/3/2019; CPC G06Q 40/04; 20 claims; assigned to Trading Technologies International.

ABSTRACT: When a trading application on a client terminal receives a trade order, a randomizer application may automatically randomize one or more order parameters to generate a randomized order. For example, an order quantity, a price level, and/or a time period between sending any two consecutive orders may be randomized. The randomized order is then automatically placed on the market.

PATENT: Retail aggregator apparatuses, methods and systems; US 10,497,057 B2; 12/3/2019; CPC G06Q 40/04; 16 claims; assigned to NYSE Group, Inc.

ABSTRACT: Systems and methods for facilitating retail price improvement of a security order. The systems and methods may include receiving at an exchange, using a processor, a retail order to buy or sell a security; receiving at the exchange, using a processor, a contra-side non-displayed order for the security, wherein the contra-side non-displayed order has an improved price relative to a benchmark; and filling, using a processor, at least a portion of the retail order at the improved price using the contra-side non-displayed order.

PATENT: Customer facing risk ratio; US 10,497,058 B1; 12/3/2019; CPC G06Q 40/04; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Provided is a customer facing risk ratio for trading desks that deal primarily in derivatives in order to determine conformance with government regulations as it relates to financial entities. The customer facing risk ratio is a metric that measures customer facing risk exposure for trading desks of the financial entity. The metric may be utilized to determine conformance to various regulations as it relates to derivative transactions. The customer facing risk ratio may be utilized to measure the proportion of customer facing risk exposure compared to the total risk exposure for each trading desk of a financial entity.

PATENT: Systems and methods for intelligent market trading; US 10,497,060 B2; 12/3/2019; CPC G06Q 40/04; 20 claims.

SUMMARY: The present invention relates to a computer-implemented system and method for intelligent market trading implemented with a neural network. The computer-implemented system having processor-executable instructions stored thereon that, when executed by at least one processor, the computer-implemented system comprises an input comprising a database of price of a symbol and a pair in a timeframe, wherein the input is configured to provide a dynamic specification and a predetermined market behavior of each symbol and pair in all individual timeframe. In an embodiment, the computer-implemented system includes a chart processor, which is implemented with the neural network having plurality of layers, and each layer is configured to receive the respective input generating a technical analysis, a trading signal, and a market report.

PATENT: Enterprise resource planning (ERP) integrator system and method; US 10,489,758 B2; 11/26/2019; CPC G06Q 20/10; 20 claims; assigned to Citibank, N.A.

ABSTRACT EXCERPT: The methods and systems described herein attempt to resolve the deficiencies of the conventional systems by using pre-loaded templates and extracting comprehensively populated payment files in an industry standard format for processing.

PATENT: System and method for providing third party payments with non-integrated merchants; US 10,489,761 B2; 11/26/2019; CPC G06Q 20/12; 20 claims; assigned to Capital One Services, Inc.

ABSTRACT: A system and method in accordance with example embodiments may include third party payments with non-integrated merchants. A system and method in accordance with example embodiments may utilize a plug in or application to intercept retailer data from a third party, analyze data, and present information to a customer based on the intercepted data and the analysis.

PATENT: Cloud-based point-of-sale transaction processing; US 10,489,767 B2; 11/26/2019; CPC G06Q 20/202; 30 claims; assigned to Square, Inc.

ABSTRACT: Techniques for processing a transaction using one or more service computing devices of a payment service that processes transactions for multiple merchants including a merchant are described.

PATENT: Method and server for crediting a monetary amount to a beneficiary account; US 10,489,771 B2; 11/26/2019; CPC G06Q 20/24; 17 claims; assigned to MasterCard International Incorporated.

ABSTRACT: According to a first aspect of the disclosure, there is provided a method for crediting a monetary amount to a beneficiary account from which payments are made, the method comprising: identifying, to a server administering the crediting of the beneficiary account, the beneficiary account to which the monetary amount is to be credited; receiving, at the server, an indication of the monetary amount to credit the beneficiary account; comparing the monetary amount against records of past amounts credited into other beneficiary accounts, the records being stored in a database of the server; generating a result of the comparison; and crediting the beneficiary account with the monetary amount.

PATENT: Determining a body mass index of a user of a transaction device and verifying the user for utilization of the transaction device based on the body mass index; US 10,489,788 B1; 11/26/2019; CPC G06Q 20/405; 20 claims; assigned to Capital One Services, Inc.

ABSTRACT: A device receives sensor data that provides an indication of a height of a user of a transaction device, receives camera data that includes one or more images of the user, and scale data that provides an indication of a weight of the user. The device identifies one or more features associated with the user based on the camera data and processes the sensor data, the scale data, and feature information describing the one or more features, with a machine learning model, to estimate a body mass index of the user. The device determines whether the user is verified for utilizing the transaction device to conduct a transaction based on the body mass index and one or more credentials associated with the user and performs one or more actions based on determining whether the user is verified for utilizing the transaction device to conduct the transaction.

PATENT: Retail aggregator apparatuses, methods, and systems; US 10,489,855 B1; 11/26/2019; CPC G06Q 40/04; 38 claims; assigned to NYSE Group, Inc.

ABSTRACT: Systems and methods for facilitating retail price improvement of a security order. The systems and methods may include receiving at an exchange, using a processor, a retail order to buy or sell a security; receiving at the exchange, using a processor, a contra-side non-displayed order for the security, wherein the contra-side non-displayed order has an improved price relative to a benchmark; and filling, using a processor, at least a portion of the retail order at the improved price using the contra-side non-displayed order.

PATENT: Hybrid index derived using a Kalman filter; US 10,489,856 B2; 11/26/2019; CPC G06Q 40/04; 5 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A method of determining a hybrid index may include obtaining, by a computer device, financial transaction information about two or more financial products over a duration. The computer device may be configured to filter the financial transaction information to produce enhanced financial transaction information. The computer device may then determine a financial index value using the financial transaction information and the enhanced financial transaction information.

PATENT: Data capture and real time risk controls for electronic markets; US 10,489,857 B2; 11/26/2019; CPC G06Q 40/04; 20 claims; assigned to Hayannis Port Research, Inc.

ABSTRACT: A distributed, transparent, in-line risk management and traffic capture system that solves securities trading compliance problems. A transparent cut-through sniffer device is coupled with a real-time packet processor to police traffic flows between trading clients and exchange servers.

PATENT: Deploying and implementing centralized trading and tracking computing platforms to support tri-party trading; US 10,489,858 B2; 11/26/2019; CPC G06Q 40/06; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Methods, systems, and computer-readable media for deploying and implementing centralized trading and tracking computing platforms to support tri-party trading are presented.

PATENT: Systems and methods for generating customer transaction test data that simulates real world customer transaction data; US 10,489,864 B1; 11/26/2019; CPC G06Q 40/12; 20 claims; assigned to JPMorgan Chase Bank, N.A.

SUMMARY: The present disclosure generally relates to data processing, and, more specifically, to systems and methods for generating customer transaction test data that simulates real world customer transaction data.

PATENT: Secure anonymous transaction apparatuses, methods and systems; US 10,482,398 B2; 11/19/2019; CPC G06Q 10/00; 20 claims; assigned to Visa International Service Association.

SUMMARY: The present innovations generally address apparatuses, methods, and systems for electronic commerce, and more particularly, include secure anonymous transaction apparatuses, methods and systems (SAT).

PATENT: Systems and methods for mobile device-based item acquisition and tracking; US 10,482,424 B2; 11/19/2019; CPC G06Q 10/087; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Systems, methods, and computer-readable media are provided for enabling mobile device-based item acquisition and tracking. One exemplary method performed on a mobile device comprises entering a wireless scan mode, detecting a signal from a tag associated with an item in a first area and in proximity to the tag, presenting information associated with the tag, and adding the information to a list.

PATENT: Real-time transaction and receipt processing systems; US 10,482,433 B1; 11/19/2019; CPC G06Q 20/0453; 20 claims; assigned to Capital One Services, LLC.

SUMMARY: The disclosed technology generally relates to transaction and receipt processing systems and, more particularly, systems and methods for real-time transaction processing, receipt processing, and receipt generation based on user defined rules.

PATENT: Systems and methods for identifying suspect illicit merchants; US 10,482,437 B2; 11/19/2019; CPC G06Q 20/12; 17 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.

PATENT: Person to person payment system and method; US 10,482,449 B1; 11/19/2019; CPC G06Q 20/223; 11 claims; assigned to JPMorgan Chase Bank, N.A.

SUMMARY: The invention relates generally to a system and method for facilitating person to person payment transactions, and more particularly to a system and method for facilitating the process of receiving a person to person payment.

PATENT: Method of using bioinformatics and geographic proximity to authenticate a user and transaction; US 10,482,451 B2; 11/19/2019; CPC G06Q 20/327; 15 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: Systems and methods for authenticating payment transactions using a payment card processing system are disclosed. A method for processing one or more payment transactions using a payment processing system in communication with a computer readable storage medium include; es receiving a push or pull request from a first device associated with a first user, wherein the push or pull request relates to a transaction with a second device associated with a second user, receiving a first biometric measurement from the first device, and receiving a second biometric measurement from the second device.

PATENT: Generating a sensory indication; US 10,482,454 B2; 11/19/2019; CPC G06Q 20/341; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A system and method is provided for generating a sensory indication on a transaction card, whereby a user is rewarded with a visual, audial, haptic, or olfactory experience.

PATENT: Systems and methods for blocking credit card charges; US 10,482,467 B1; 11/19/2019; CPC G06Q 20/407; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Systems and methods are provided for blocking charges from a merchant to a payment account of a user. An exemplary system may include one or more memory devices storing instructions and one or more processors configured to execute the instructions to perform various operations. The operations may include receiving, from the user, a dispute request to dispute a charge to the payment account applied by the merchant.

PATENT: ATM customer messaging systems and methods; US 10,482,529 B1; 11/19/2019; CPC G06Q 40/02; 23 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: Method and system for aggregating and managing data from disparate sources in consolidated storage; US 10,482,534 B2; 11/19/2019; CPC G06Q 40/04; 16 claims; assigned to FTEN, Inc.

ABSTRACT EXCERPT: Non-limiting example embodiments include methods and systems for acquiring private financial data from multiple disparate sources. The private financial data is normalized, aggregated, preferably enhanced, and stored in secure storage. Entitled entities may retrieve selected private financial data from that secure storage efficiently, flexibility, and rapidly.

PATENT: Enhanced graphical user interfaces; US 10,475,008 B1; 11/12/2019; CPC G06Q 20/1085; 2 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: Enhanced graphical user interfaces and methods for interacting with graphical user interfaces are disclosed.

PATENT: Methods and systems for displaying account information; US 10,475,022 B2; 11/12/2019; CPC G06Q 20/327; 16 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.

PATENT: Methods and systems for transactional risk management; US 10,475,033 B2; 11/12/2019; CPC G06Q 20/4016; 8 claims; assigned to Citibank, N.A.

ABSTRACT: Methods and systems for managing transactional risk involve, for example, receiving and assessing, using a processor coupled to memory, entity payment transaction information for a predetermined level of risk based at least in part on a payment transaction history of the entity. Likewise using the processor, a report of the predetermined level of risk may be generated, and the payment transaction may be processed for the entity according to predefined processing instructions of the entity.

PATENT: System and method for providing time to cure negative balances in financial accounts while encouraging rapid curing of those balances to a positive net position; US 10,475,118 B2; 11/12/2019; CPC G06Q 40/02; 27 claims; assigned to Huntington Bancshares Incorporated.

ABSTRACT EXCERPT: A computer implemented method and system for providing financial services are described. The system and method include determining an account balance for a financial account. If the account balance is negative, notice of the negative balance is sent to the account holder in real time. After a predetermined period of time or grace period, and/or by a predetermined end time or cut-off date or time, it is determined whether the negative balance was cured.

PATENT: Directed order; US 10,475,120 B2; 11/12/2019; CPC G06Q 40/04; 21 claims; assigned to NYSE Group, Inc.

ABSTRACT EXCERPT: A directed order process and related market center are disclosed, wherein a market center grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm.

PATENT: Identification of loss risk candidates for financial institutions; US 10,475,121 B1; 11/12/2019; CPC G06Q 40/04; 17 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Systems and methods of analyzing client activity and identifying loss risk candidates based on the client activities is provided. A client database can be analyzed for determination of clients having a high risk of losses for a financial institution. The determination is based on known activities of filtered clients where the activities are historically indicative of resulting in a loss for the financial institution. A target client profile representative of a high risk client may be selected. The client database can be mapped to find similar clients to be identified as a high risk of loss.

PATENT: Electronic market message management with priority determination; US 10,475,122 B2; 11/12/2019; CPC G06Q 40/04; 27 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: Coupon blending of swap portfolio; US 10,475,123 B2; 11/12/2019; CPC G06Q 40/06; 2 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: 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.

PATENT: Computing architecture for managed-account transactions; US 10,475,124 B2; 11/12/2019; CPC G06Q 40/06; 21 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: An improved computing architecture for managed-account transactions is presented. In accordance with embodiments, a computing system may receive data indicating modifications to various investment allocations prescribed by different investment managers and may update corresponding stored investment strategies previously generated by the computing system in accordance with the modifications.

PATENT: Computerized person-to-person asset routing system; US 10,475,129 B2; 11/12/2019; CPC G06Q 40/12; 21 claims; assigned to Bank of America Corporation.

SUMMARY: The present invention embraces a computerized person-to-person asset routing system. The system typically includes a processor, a memory, and a person-to-person asset routing module that is stored in the memory and executable by the processor. The person-to-person asset routing module is typically configured for processing an image of the negotiable instrument to extract transaction data, comparing the extracted transaction data to a recipient information repository in order to identify recipient routing information, and transferring assets to the recipient via the payee routing information.

PATENT: Volume based transaction cost recovery; US 10,467,612 B2; 11/5/2019; CPC G06Q 20/22; 14 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Apparatus and methods for determining a surcharge yield are provided. A surcharge behavior may be monitored during a time period. A change in a first performance metric may be monitored during the time period. A change in a second performance metric may be monitored during the time period. A relationship between the surcharge behavior, the change in the first performance metric and the change in the second performance metric may be determined. The surcharge yield may be determined based on the relationship.

PATENT: Using on-demand applications to generate virtual numbers for a contactless card to securely autofill forms; US 10,467,622 B1; 11/5/2019; CPC G06Q 20/385; 16 claims; assigned to Capital One Services, LLC.

SUMMARY: Embodiments disclosed herein provide systems, methods, articles of manufacture, and computer-readable media for tapping a contactless card to a computing device to securely generate virtual card numbers which can be autofilled in form fields. According to one example, a first application may output a form comprising payment fields. The second application may transmit the encrypted data to an authentication server, the authentication server to verify the encrypted data.

PATENT: System and method for back office processing of banking transactions using electronic files; US 10,467,688 B1; 11/5/2019; CPC G06Q 40/02; 30 claims; assigned to JPMorgan Chase Bank, N.A.

SUMMARY: The present invention generally relates to systems and methods for back office processing of bank transactions and more particularly to a system and method which electronically captures transaction information at the time of execution of the transaction and uses this electronic information during the back office processing.

PATENT: User definable prioritization of market information; US 10,467,691 B2; 11/5/2019; CPC G06Q 40/04; 15 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Methods and systems for user definable prioritization of market information are disclosed. An example method to prioritize market information displayed in a window within a trading interface includes updating the market information displayed in the window at a first frequency, wherein the first frequency is to correspond to a first window priority.

PATENT: High speed processing of financial information using FPGA devices; US 10,467,692 B2; 11/5/2019; CPC G06Q 40/04; 61 claims; assigned to IP Reservoir, LLC.

ABSTRACT: A high speed apparatus and method for processing a plurality of financial market data messages are disclosed. With respect to an exemplary embodiment, a reconfigurable logic device is employed to generate a plurality of financial market data messages from a plurality of the data fields, each generated message having a specified message format.

PATENT: Transactionally deterministic high speed financial exchange having improved, efficiency, communication, customization, performance, access, trading opportunities, credit controls, and fault tolerance; US 10,467,693 B2; 11/5/2019; CPC G06Q 40/04; 20 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: Transmission latency leveling apparatuses, methods and systems; US 10,467,694 B2; 11/5/2019; CPC G06Q 40/04; 30 claims; assigned to IEX Group, Inc.

ABSTRACT: Embodiments of the transmission latency leveling apparatuses, methods and systems provide an electronic bidding order management infrastructure, such as a "point-of-presence," which receives and routes electronic trading orders from different trading entities at a server via a transmission medium to create a certain amount of transmission latency before the trading orders could arrive at and be executed at electronic exchanges to reduce latency arbitrage and/or order book arbitrage that may be experienced by high frequency trading participants. A similar transmission latency may be applied to the egress transmission of market data updates issued by an electronic exchange. Other techniques for facilitating electronic trading are also disclosed.

PATENT: Systems and methods related to bond valuation; US 10,467,695 B1; 11/5/2019; CPC G06Q 40/04; 11 claims; assigned to Interactive Data Pricing and Reference Data LLC.

ABSTRACT EXCERPT: The system determines a final market adjustment value based on the market adjustment coefficient; and an output component that outputs a pricing estimation of the security based on the final transaction cost adjustment value and the final market adjustment value.

PATENT: Timing mechanisms to enhance the security of online networks; US 10,467,696 B1; 11/5/2019; CPC G06Q 40/04; 119 claims; assigned to Integral Development Corp.

ABSTRACT EXCERPT: Disclosed embodiments provide a computing system configured to match a set of transactions associated with an online trading system.

PATENT: System and method for delaying an executable instruction that would otherwise be executable immediately upon arrival at an executing system; US 10,467,698 B2; 11/5/2019; CPC G06Q 40/06; 21 claims; assigned to Chicago Stock Exchange, Inc.

ABSTRACT EXCERPT: A system and method are provided for intentionally delaying an execution of an executable instruction by determining if a current executable instruction is received from a predefined source for which all executable instructions are to be intentionally delayed. When so, the system sets a sequence time associated with the instruction equal to a receipt time plus a delay time. The system saves the instruction in an intentional delay queue for future execution.

October 29, 2019

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

Financial industry business method patents reviewed herein:   10

PATENT: System and method for implementing a global payment engine; US 10,460,293 B2; 10/29/2019; CPC G06Q 20/027; 20 claims; assigned to JPMorgan Chase Bank, N.A.

SUMMARY: The invention relates generally to a payment engine, and more particularly to a system and method that implements a global payment engine comprising a Stage Router that routes a payment context to stages based on an execution plan.

PATENT: System and method for data management and financial budgeting; US 10,460,376 B1; 10/29/2019; CPC G06Q 40/00; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A data management system includes a storage device configured to store financial data for a plurality of financial transactions, the financial data for the plurality of financial transactions being associated with a plurality of different accounts of a user, each of the plurality of financial transactions being associated with one of a plurality of transaction categories.

PATENT: Financial management system and method with customizable user interface; US 10,460,379 B1; 10/29/2019; CPC G06Q 40/00; 19 claims; assigned to Wells Fargo Bank, N.A.

SUMMARY: The present disclosure relates to systems and methods of financial management, and more specifically, to systems and methods that facilitate account management and financial planning for individuals and other entities (e.g., small businesses, etc.).

PATENT: System for transmission and use of aggregated metrics indicative of future customer circumstances; US 10,460,383 B2; 10/29/2019; CPC G06Q 40/02; 16 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: A network communication interface and a memory device storing an anomaly application and a resource application are provided. A processing device is operatively coupled to the memory device, wherein the processing device is configured to execute computer-readable program code to: determine the existence of an anomalous situation for a user; initiate the anomaly application to acquire aggregated metrics from third parties associated with the anomalous situation; and analyze the anomalous situation using the aggregated information.

PATENT: System and method for facilitating a wireless financial transaction; US 10,460,386 B2; 10/29/2019; 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: Dynamic information configuration and display; US 10,460,387 B2; 10/29/2019; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A system, method, and non-transitory computer-readable information recording medium displays information to a user. Market data related to a plurality of tradeable objects is received from an exchange at a trading device. The display of market data related to each tradeable object is separately controlled. If the user is not paying attention to the market data of a particular tradeable object, then the dissemination of the market data for that tradeable object may be temporarily stopped until the user starts paying attention to that tradeable object.

PATENT: System and method for providing latency protection for trading orders; US 10,460,388 B2; 10/29/2019; CPC G06Q 40/04; 20 claims; assigned to BGC Partners, Inc.

ABSTRACT: A system for managing trading orders comprises a memory operable to store an order associated with a first price. The system further comprises a processor communicatively coupled to the memory and operable to identify a latency value. The processor is further operable to receive a counterorder and to identify a potential trade associated with the order and the counterorder, the potential trade based at least in part on the first price. If the latency value satisfies a configurable condition, the processor is further operable to initiate a configurable period of time. If the potential trade is not valid upon expiration of the configurable period, the processor is further operable to prevent the execution of the potential trade.

PATENT: System and method for operating a family of mutual funds or ETFs; US 10,460,389 B1; 10/29/2019; CPC G06Q 40/04; 18 claims; assigned to Charles Schwab & Co., Inc.

ABSTRACT: A system and method operates a family of exchange traded funds or mutual funds with different weighted average maturities.

PATENT: Computing architecture for managed-account transactions; US 10,460,390 B2; 10/29/2019; CPC G06Q 40/06; 17 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: An improved computing architecture for managed-account transactions is presented. In accordance with embodiments, a computing system may receive data indicating various investment allocations prescribed by different investment managers and may generate corresponding investment strategies. Responsive to receiving a request to allocate client funds amongst the strategies, the computing system may instantiate, in an account object associated with the client, a sleeve object for each of the strategies.

PATENT: Social media assessment tool; US 10,460,399 B1; 10/29/2019; CPC G06Q 50/01; 9 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: According to one embodiment, a social media assessment tool includes an identification logic that identifies interactivity criteria of a social media property. The interactivity criteria is associated with access to the social media property. The social media assessment tool also includes an assessment logic that determines that interactivity criteria satisfies a threshold value. In response to the social media property satisfying the threshold, the assessment logic calculates a score for at least one feature of the social media property.

PATENT: Market driven implied trade resolution; US 10,453,123 B2; 10/22/2019; CPC G06Q 40/00; 36 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations.

PATENT: Electronic exchange system using messages related to events and actions on an exchange; US 10,453,130 B2; 10/22/2019; CPC G06Q 40/04; 19 claims; assigned to BGC Partners.

ABSTRACT EXCERPT: An electronic exchange system includes a physical data bus directly communicatively coupling first and second physical processing elements of an electronic processor.

PATENT: Apparatuses, methods and systems for a locked-in trade facilitation engine; US 10,453,131 B2; 10/22/2019; CPC G06Q 40/04; 28 claims; assigned to NYSE Group, Inc.

ABSTRACT EXCERPT: The method provides and facilitates delivery of open futures positions, upon or before expiry, into financial instruments, such as currency-denominated fixed income market positions. The method facilitates cash trade transactions produced upon expiration of currency-denominated interest rate and fixed income futures contracts such as U.S. Treasury futures.

PATENT: Trading orders with decaying reserves; US 10,453,132 B2; 10/22/2019; CPC G06Q 40/04; 19 claims; assigned to BGC Partners.

ABSTRACT EXCERPT: In various embodiments, an apparatus includes a processor and a memory. The memory is communicatively coupled to the processor. The memory stores software instructions that, when executed by the processor, cause the processor to receive a trading order for a particular quantity of a trading product. The trading order specifies that a first portion of the particular quantity is a displayed quantity and that a second portion of the particular quantity is a reserved quantity.

PATENT: Computer system and a computerized method for central counterparty limit management; US 10,453,133 B1; 10/22/2019; CPC G06Q 40/04; 23 claims; assigned to Chicago Mercantile Exchange Inc.

SUMMARY: The present invention relates to a computer system and a computerized method for central counterparty limit management. Embodiments of the computer system and computerized method manage limits, particularly for over-the-counter (OTC) derivatives trades.

PATENT: Trader station user interface; US 10,453,134 B2; 10/22/2019; CPC G06Q 40/04; 10 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: A variety of user interfaces, systems and methods are provided for traders of commodities, futures contracts, derivatives, stocks, etc. A user interface may have two display modes, locked and unlocked. In the locked mode, some or all of the data fields (price, bids, offers--optionally bids and offers not exposed to the market) are locked. In the unlocked mode, all the data fields, including the price column, are dynamically updated.

PATENT: Computing architecture for managed-account transactions; US 10,453,135 B2; 10/22/2019; CPC G06Q 40/04; 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 purchase a number of units of an asset for an account of a client, a computing system may instantiate, in a client object associated with the client, objects, comprising variables for storing bases for the units and may instantiate, in an account object stored within the client object and associated with the account, objects representing the units.

PATENT: Apparatus, method and system for designing and trading macroeconomic investment views; US 10,453,139 B2; 10/22/2019; CPC G06Q 40/06; 20 claims; assigned to Goldman Sachs & Co.

ABSTRACT EXCERPT: The disclosure details the implementation of an apparatus, method, and system for a macroeconomic equity investment design and trade system (the Wavefront system). The disclosure teaches a set of quantitative tools to help investors design trades around macro themes. Part of the approach is a linked set of models called Wavefronts, which describe how economic shocks ripple through the economy into company performance, market value and equity returns in the US market.

PATENT: System and method for allocating traditional and non-traditional assets in an investment portfolio; US 10,453,140 B2; 10/22/2019; CPC G06Q 40/06; 27 claims; assigned to New York Life Insurance Company.

ABSTRACT EXCERPT: A computerized method and system for allocating assets among a plurality of financial products for an investor portfolio includes calculating a solution space of financial vehicle combinations by assigning allocations to each financial vehicle in each financial vehicle combination and generating a set of simulations, for each of the vehicle combinations, of a value of the financial vehicle combination.

PATENT: Composite portfolio trading method, creation and analysis system; US 10,453,141 B2; 10/22/2019; CPC G06Q 40/06; 29 claims.

ABSTRACT EXCERPT: A trader is enabled to create, to visualize, to study historical performance, to track, to perform analysis on, to share, to edit and to trade a personal composite instrument (PCI) that includes a first portfolio with a first set or group of assets and their respective quantities, and a second portfolio with a second set of assets and their respective quantities, the first portfolio "traded against" the second portfolio, leading to the creation of a new independent financial entity.

PATENT: Computing device and method for the temporal arrangement of data; US 10,445,824 B2; 10/15/2019; CPC G06Q 40/02; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: A device and method for management of an account. An event placement timeline is displayed. Account events are shown along the timeline. A preferred event time range or "safe zone" is shown along the timeline. The "safe zone" is the portion of the month during which it is safe to schedule certain events, like bill payments, with lower risk of NSF, overdraft or the like. The user moves a movable object into the "safe zone" to reschedule the account event in the "safe zone", and the settings of the account are modified to automatically execute the account event at that time.

PATENT: Systems and methods for providing a separate interest rate for an individual transaction; US 10,445,825 B2; 10/15/2019; CPC G06Q 40/02; 19 claims; assigned to Capital One Services, LLC.

SUMMARY: The disclosed embodiments include systems and methods that enable a service provider to offer a customer a separate interest rate for an individual transaction and provide the customer with a service that includes maintaining separate balances within one account to apply the separate interest rate.

PATENT: Retail aggregator apparatuses, methods, and systems; US 10,445,827 B1; 10/15/2019; CPC G06Q 40/04; 38 claims; assigned to NYSE Group, Inc.

CLAIM 1 EXCERPT: Receiving at the electronic exchange, in response to the at least one electronic order being classified as the retail order and displayed, an electronic contra-side non-displayed order that increases liquidity at the electronic exchange, wherein the contra-side non-displayed order has an improved price relative to a benchmark, wherein the improved price is available only to retail orders.

PATENT: Method and system for generating stock price alerts based on real-time market data; US 10,445,828 B2; 10/15/2019; CPC G06Q 40/04; 15 claims; assigned to Sagar Dinesh Chheda.

ABSTRACT EXCERPT: The embodiments herein provide a system and methods for generating stock price alerts based on real-time market data. The system comprises a user mobile device with a mobile application, a central server, and an alerting module. The alerting module tracks and monitors stock price of the stocks to provide an alert with respect to the stocks on periodic intervals based on preset conditions and parameters.

PATENT: Diverse options order types in an electronic guaranteed entitlement environment; US 10,445,829 B2; 10/15/2019; CPC G06Q 40/04; 9 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.

PATENT: Deploying and implementing centralized trading and tracking computing platforms to support tri-party trading; US 10,445,830 B2; 10/15/2019; CPC G06Q 40/04; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Methods, systems, and computer-readable media for deploying and implementing centralized trading and tracking computing platforms to support tri-party trading are presented. In some embodiments, a central trading computing platform may receive, from a retirement group accounts administration computer system associated with a financial institution, trade information defining one or more trades in one or more mutual funds for one or more accounts administrated by the financial institution. Subsequently, the central trading computing platform may validate the trade information and create order information based on the trade information.

PATENT: System, method, and device for autonomous fund management by computer-based algorithms; US 10,445,831 B2; 10/15/2019; CPC G06Q 40/04; 14 claims.

SUMMARY: The present invention is directed to the field of automatic and autonomous computer-controlled management and trading of investment portfolios and funds to increase the financial performance of the funds in comparison with trading indexes.

PATENT: Transactionally deterministic high speed financial exchange having improved efficiency, communication, customization, performance, access, trading opportunities, credit controls, and fault tolerance; US 10,445,832 B2; 10/15/2019; CPC G06Q 40/04; 24 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: Methods and systems for maximizing share purchase under an employee stock purchase plan with limited payroll deductions; US 10,445,833 B1; 10/15/2019; CPC G06Q 40/04; 18 claims; assigned to Carver Edison, Inc.

SUMMARY: 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 free solution to allow employees to purchase the maximum number of shares under their ESPP with limited capital contributions from payroll deductions.

PATENT: Method and system for adaptive construction of optimal portfolio with leverage constraint and optional guarantees; US 10,445,834 B1; 10/15/2019; CPC G06Q 40/06; 32 claims; assigned to Genesis Financial Development, Inc.

ABSTRACT: The present disclosure relates to investment portfolio construction, and more specifically to efficient adaptive construction of a leverage-constrained approximately optimal investment portfolio as additional financial data become available over time.

PATENT: Collaborative decision engine for quality function deployment; US 10,438,143 B2; 10/8/2019; CPC G06Q 10/06; 15 claims; assigned to Bank of America Corporation.

ABSTRACT: Disclosed is systems, methods, and computer program products that provide for a technique for reducing computing resources, storage space needs, and network bandwidth associated with collaborative decision making. More particularly, this disclosure relates to a system for performing automatic predictive decision making using predictive fit models derived from previous user responses and the user characteristics of each responding user, and using the results to reduce the amount of computing and operational resources needed to operate a collaborative decision engine.

PATENT: Systems and methods for managing electronic funds for a program and incentivizing participation in the program; US 10,438,178 B2; 10/8/2019; CPC G06Q 20/10; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: Embodiments of the disclosure enable electronic funds to be managed for a program that includes a plurality of parties including a participant and a sponsor. One or more metrics corresponding to a participation of the participant in the program are received. If the received metrics satisfy one or more predetermined thresholds, a quantity of the electronic funds is determined for distribution to the plurality of parties.

PATENT: Authorizing a payment transaction using seasoned data; US 10,438,181 B2; 10/8/2019; CPC G06Q 20/12; 12 claims; assigned to VISA International Service Association.

ABSTRACT EXCERPT: A system, apparatus, and method for expediting the authorization of an electronic payment transaction. Authorization of a transaction at a node of an authorization network is the result of inferring the trustworthiness of a customer to the transaction using data obtained from a different node of the authorization network. The authorization process is expedited by relying on the previous authentication decision of another node, where the previous decision may have been made based on a different payment device or different user inputs.

PATENT: Derived unique token per transaction; US 10,438,198 B1; 10/8/2019; CPC G06Q 20/385; 17 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Examples described herein relate to systems, apparatuses, and methods for using tokens between two entities comprising a client device and a server, including receiving, by the server, a token from the client device, wherein the token is unique to a transaction, deriving, by the server, a server-derived token from the original data based on a transaction count, wherein the transaction count corresponds to a number of times that the original data is involved in transactions, comparing, by the server, the received token with the server-derived token, and responsive to determining that the received token and the server-derived token are same, sending, by the server, a verification message.

PATENT: Accessing a financial service using a media device; US 10,438,284 B1; 10/8/2019; CPC G06Q 40/02; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Some examples, described herein, may include detecting a button press of a banking button on a remote control device associated with a media device. The banking button may be designated to access a financial institution. Some examples may include accessing a financial services platform based on detecting the button press. The financial services platform may be associated with the financial institution. Some examples may include providing account information, associated with a financial account of the financial institution, to the financial services platform.

PATENT: System and method for displaying order status and receiving and changing orders; US 10,438,285 B1; 10/8/2019; CPC G06Q 40/04; 18 claims; assigned to Charles Schwab & Co.

ABSTRACT: A system and method displays potential security orders in a first area of a display, and when a user to drag a potential order into a second area of the display, the system and method places an order for the security and displays an icon representing the order placed in a position that corresponds to an amount of time the order will expire, a current market price of the security and a price of the order.

PATENT: System and methods for electronic trading that permit principal/broker trading; US 10,438,286 B2; 10/8/2019; CPC G06Q 40/04; 14 claims; assigned to BGC Partners, Inc.

ABSTRACT EXCERPT: Electronic trading systems and methods which facilitate principal/broker trading are provided. In a first aspect of the invention, a database relating to trading participants in the trading system is designed to indicate which traders utilize a principal/broker relationship and what, if any, limitations are placed on the activity of the broker, trading commands submitted by the broker, and counterparties in a transaction with the broker.

PATENT: Systems and methods for transforming trading portfolios; US 10,438,287 B2; 10/8/2019; CPC G06Q 40/04; 17 claims; assigned to Intercontinental Exchange Holdings, Inc.

ABSTRACT: Systems and methods for electronic transformation of a portfolio via an electronic exchange server are provided. The electronic exchange server transforms an initial portfolio (e.g., a non-hedged trading portfolio) into a transformed portfolio (e.g., a hedged trading portfolio) by receiving buy or sell orders of an initial portfolio to be transformed, determining an imbalance in the received buy or sell orders, and receiving offsetting buy or sell orders to offset the imbalance.

PATENT: System for analyzing historical events to determine potential catalysts and automatically generating and implementing mitigation; US 10,438,296 B2; 10/8/2019; CPC G06Q 40/02; 18 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments analyze historical events to determine potential catalysts and automatically generate and implement mitigation of issues by determining a potential issue with a customer's finances based on historical event data; correlating the potential issue with one or more causes of the potential issue; and, in response to the correlation, initiating mitigation of the issue.

PATENT: Systems and methods to combine transaction terminal location data and social networking check-in; US 10,438,299 B2; 10/8/2019; CPC G06Q 50/01; 10 claims; assigned to VISA International Service Association.

ABSTRACT EXCERPT: A system and method configured to provide enhanced services based on check-in information obtained in a social network system and transaction location information observed in a payment processing system. In one aspect, the transaction location may be used to validate, verify or authenticate the check-in location declared in the social network system. In another aspect, the transaction location can be used as a basis to automate a check-in in the social network system in accordance with a preference of a user.

PATENT: Computerized system for simulating the likelihood of technology change incidents; US 10,430,743 B2; 10/1/2019; CPC G06Q 10/0637; 18 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the present invention relate to apparatuses, systems, methods and computer program products for a technology configuration system. Specifically, the system typically provides operational data processing of a plurality of records associated with information technology operational activities, for dynamic transformation of data and evaluation of interdependencies of technology resources.

PATENT: Methods and systems for predicting consumer behavior from transaction card purchases; US 10,430,803 B2; 10/1/2019; CPC G06Q 30/02; 22 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: The method includes recording consumer data in the database for each consumer of a global population of consumers including historical purchases made by each consumer using a transaction card, defining a life event by assigning spending variables to the life event, determining a sample group of consumers that are experiencing the life event based on the consumer data stored within the database with respect to the spending variables, generating a predictive model based on historical purchases made by consumers within the sample group, and applying the predictive model to predict each consumer within the global population that will experience the life event.

PATENT: Image analysis and identification using machine learning with output estimation; US 10,430,876 B1; 10/1/2019; CPC G06Q 40/025; 18 claims; assigned to Capital One Services, LLC.

SUMMARY: 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 real-time quotes.

PATENT: Anonymous trading system; US 10,430,877 B2; 10/1/2019; CPC G06Q 40/04; 6 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: An anonymous computerized trading system matches orders by conducting auctions at specified times. As well as entering orders, participants assign credit limits for the duration of the auction, thus minimizing the time for which credit is allocated to the system.

PATENT: Matched order fulfillment with linear optimization; US 10,430,878 B2; 10/1/2019; CPC G06Q 40/04; 15 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: A method for matching compound orders from a group of market participants.

PATENT: Systems and methods for trades priced relative to a reference benchmark value associated with an underlying index future; US 10,430,879 B2; 10/1/2019; CPC G06Q 40/04; 27 claims; assigned to NYSE MKT LLC.

ABSTRACT: According to some embodiments, an indication of a trade priced relative to a reference benchmark value (e.g., a trade at index close transaction) associated with an underlying index future may be received when a basis of the trade is agreed to by parties of the trade. Moreover, the indication may be received at least one day prior to a determination of a final price and quantity of the trade. The trade might create, according to some embodiments, any derivative, such as a future, an option, or a combination of put and call options. The trade may be reported and cleared, and it may then be arranged for the trade to physically settle into the underlying index future.

PATENT: Margin requirement determination and modeling for cleared credit; US 10,430,880 B2; 10/1/2019; CPC G06Q 40/04; 17 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods are provided for calculating margin requirements and stress testing exposures of cleared credit portfolios. These margin requirements are calculated using the following components: spread risk, idiosyncratic risk, interest rate, and liquidity risk. The calculation of these risk components is accomplished with a detailed statistical analysis of the risk factors underlying instruments, such as a credit default swap instrument.

PATENT: Systems and methods for iterative optimization of related objects; US 10,430,881 B2; 10/1/2019; CPC G06Q 40/04; 32 claims; assigned to Chicago Mercantile Exchange Inc.

SUMMARY: The disclosed embodiments relate generally to selecting optimum values for inter-related objects, e.g., objects influencing and/or dependent upon other system objects, when a computer process computes multiple potential values for each object. Specifically, the disclosed embodiments optimize overall system performance by determining and selecting object values that conform to pre-defined rules and/or relationships between different objects, including identifying and discarding object values that deviate from or otherwise result in a violation of the pre-defined rules and relationships.

PATENT: Distributed data processing; US 10,430,882 B2; 10/1/2019; CPC G06Q 40/04; 60 claims; assigned to Nasdaq, Inc.

ABSTRACT EXCERPT: A computer system includes a front end interface configured for data communications over a network with data producer terminals, multiple distributed data processors coupled to the front end interface by a data messaging infrastructure, the multiple distributed data processors including a first distributed data processor and a second distributed data processor, and an information bus coupled to the multiple distributed data processors and to multiple independent consumer modules.

PATENT: Apparatus and method for trade aggregation of trade allocations and settlements; US 10,430,884 B2; 10/1/2019; CPC G06Q 40/04; 3 claims; assigned to Virtu ITG Software Solutions LLC.

ABSTRACT EXCERPT: A post-trade aggregation system for financial instrument trading systems, wherein a trader manages a plurality of trade orders to be executed by one or more executing brokers on behalf of customers via a data interface system. The plurality of trade orders includes at least one wrap block order and at least one institutional block order. The plurality of trade orders are merged into a single merged block order, apportioned into a plurality of smaller electronic trade orders, and transmitted to a plurality of order destinations.

PATENT: Voice recognition to authenticate a mobile payment; US 10,423,959 B2; 9/24/2019; CPC G06Q 20/40145; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods are provided for authenticating mobile payments from a customer account to a merchant. The systems and methods may include a financial service provider receiving a request to authorize an electronic transaction at a point-of-sale. A financial service provider server computer may verify that the customer is present at the point-of-sale using received location data. An image having distorted text such as a captcha may be transmitted to a device at the point-of-sale, and the customer may read the captcha aloud. A voice sample of the customer may be sent to the financial service provider for comparison to stored voice recordings, to verify that the customer's voice sample is authentic if the voice matches a previously generated voice recording for the account. If the voice sample is authentic, the financial service provider may authorize the mobile payment.

PATENT: Pre-authorization of a transaction using predictive modeling; US 10,423,962 B2; 9/24/2019; CPC G06Q 20/4016; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Systems, apparatus, and methods are provided for efficiently authorizing a transaction initiated by a consumer. An authorization can be generated before the consumer actually initiates the transaction. For example, a future transaction can be predicted, and an authorization can be generated for the predicted transaction. In this manner, the authorization can be ready and quickly used when the consumer does initiate the transaction.

PATENT: Systems and methods for shared lending risk; US 10,424,011 B2; 9/24/2019; CPC G06Q 40/00; 13 claims; assigned to Gain Credit Holdings, Inc.

ABSTRACT: The shared lending risk system and method provide a lead scoring engine that generates a score representing an assessment of the credit risk of the transaction that is based on an assessment of the merchant, purchaser and product. The score is provided to a pool of lenders and a credit product is selected from the pool based on the score.

PATENT: Computing device and method for the temporal arrangement of data; US 10,424,012 B2; 9/24/2019; CPC G06Q 40/02; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: A computing device and method for managing an account. A computer displays a historical timeline and an event placement timeline. Past events are shown along the historical timeline, and future events along the event placement timeline. The computer suggest a change to the timing of one of the events. The user moves a movable object to the proposed timing to reschedule the event. The settings of the account are modified to automatically execute that event at the new timing.

PATENT: Systems and methods for providing seller-initiated financing in private sales; US 10,424,014 B2; 9/24/2019; CPC G06Q 40/025; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Methods and systems are disclosed for providing seller-initiated financing in a sale of an item between private parties. A financial service system configures a financing program to give sellers the opportunity to offer prospective buyers financing directly. The financial service system enrolls a given seller in the program, providing resources and services to the seller to help market the sale and select a credit-worthy buyer.

PATENT: Managing trading orders based on priority; US 10,424,015 B2; 9/24/2019; CPC G06Q 40/04; 16 claims; assigned to BGC Partners, Inc.

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

PATENT: Modeling asset transfer flow relationships discovered in unstructured data; US 10,424,016 B2; 9/24/2019; CPC G06Q 40/04; 16 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: Dynamically activating and deactivating one or more elements of a trading tool; US 10,424,017 B2; 9/24/2019; CPC G06Q 40/04; 20 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: System and method for active order management in an electronic trading environment; US 10,424,018 B2; 9/24/2019; CPC G06Q 40/04; 8 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: A trade order may be submitted to an electronic exchange and updated, according to pay-up parameter values, in an attempt to receive a complete fill within a period of time. The trade order may comprise an order price and an order quantity when submitted to the electronic exchange. The pay-up parameters may include a pay-up interval, a pay-up amount, a pay-up counter, or a combination thereof. The price of the trade order may continue to be updated after the expiration of pay-up interval in an attempt to receive a complete fill of the trade order.

PATENT: System and method for modeling and verifying financial trading platforms; US 10,424,019 B2; 9/24/2019; CPC G06Q 40/04; 20 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: Real-time data processing; US 10,417,616 B2; 9/17/2019; CPC G06Q 20/042; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: In certain embodiments, a system for real-time data processing includes one or more processors operable to: determine a deposit financial institution and deposit account based on received check data, determine a debit financial institution and debit account based on the received check data, determine that the deposit and debit financial institutions are member financial institutions, determine a debit amount based on received check data; and one or more interfaces operable to perform a variety of tasks.

PATENT: Payment vehicle with on and off function; US 10,417,633 B1; 9/17/2019; CPC G06Q 20/382; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-based network system and method for using a payment vehicle having an on and off function. The system comprises a payment vehicle comprising an on and off function to enable or to disable the payment vehicle in the computer-based network for processing an electronic payment transaction, a holder of the payment vehicle, and a computer payment network wherein the computer payment network comprises a transaction engine for enabling or for disabling the payment vehicle at a request of the holder of the payment vehicle.

PATENT: Payment vehicle with encrypted image; US 10,417,636 B2; 9/17/2019; CPC G06Q 20/4014; 15 claims; assigned to Mastercard International Incorporated.

ABSTRACT: Described is a payment vehicle for use in initiating a transaction. The payment vehicle includes a body and an image applied to the body. The image includes encrypted data that is readable by an electronic reader to ascertain account details of a payment vehicle user, thereby to initiate the transaction. The image is also visually comparable to the user, or to information produced by the user, to confirm the user's identity.

PATENT: Method and system for real time fraud decisioning in transaction processing; US 10,417,638 B2; 9/17/2019; CPC G06Q 20/4016; 20 claims; assigned to Mastercard International Incorporated.

SUMMARY: The present disclosure provides a description of systems and methods for real time fraud decisioning in transaction processing and systems and methods for geographic location-based fraudulent activity verification.

PATENT: Method and system for implementing self-imposed spending limit; US 10,417,703 B2; 9/17/2019; CPC G06Q 40/00; 20 claims; assigned to Mastercard International Incorporated.

SUMMARY: The present disclosure relates to the implementation of self-imposed spending limits and the calculation of assisted categorized budgeting for a transaction account using historical purchase data and data from other, similarly situated consumers.

PATENT: Information display and decision making; US 10,417,705 B1; 9/17/2019; CPC G06Q 40/025; 6 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: An information display system includes a computing system that is configured to implement a user interface, access a first database storing a plurality of loan workout rules, receive loan and borrower data regarding an existing loan, and determine a plurality of loan workout options based on the plurality of loan workout rules and the received loan and borrower data. The plurality of loan workout options are displayed on the user interface.

PATENT: Futures exchange support of spot trading; US 10,417,707 B2; 9/17/2019; CPC G06Q 40/04; 12 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A computer system associated with spot market trading in a particular subject matter may communicate with a computer system associated with trading in futures contracts or options in futures contracts for the subject matter. The communications may include pricing data for at least one of futures contracts or options in futures contracts for the subject matter, which pricing data may be used for spot market pricing. The communications may also include communications regarding futures hedging of spot trading in the subject matter.

PATENT: Hybrid trading system for concurrently trading securities or derivatives through both electronic and open-outcry trading mechanisms; US 10,417,708 B2; 9/17/2019; CPC G06Q 40/04; 6 claims; assigned to Cboe Exchange, Inc.

ABSTRACT: A system and method of allocating orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes permitting multiple quotes to be disseminated to the market, but limiting market making to only those entities having a physical presence on the floor of the exchange. Methods of enhancing the hybrid electronic and open-outcry exchange also include automatically eliminating crossed quotes and locked quotes while permitting certain orders to trade against locked quotes.

PATENT: Mitigation of latency disparity in a transaction processing system; US 10,417,709 B2; 9/17/2019; CPC G06Q 40/04; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: Systems and methods are disclosed which match or otherwise allocate an incoming transaction with previously received but not yet fully satisfied transactions counter thereto as well as to mitigation of disparities in latencies between the client devices of the market participants and the electronic data transaction processing system which may result in disparities in the time of receipt of competing transactions.

PATENT: Apparatus, methods, system and framework for discovering, copying and curating investment portfolios; US 10,417,710 B2; 9/17/2019; CPC G06Q 40/06; 17 claims; assigned to The Trustees of the Stevens Institute of Technology.

ABSTRACT EXCERPT: The present disclosure relates to a system, apparatus and method through which novice or new investors can begin to invest by using the knowledge shared by seasoned investors, who are incentivized to do so by commissions based on their success. The system follows users through each point in a social investment process, and directs users in novel ways to execute a purchase faster. A user discovers other user portfolios through recommendations made using multi-stage collaborative portfolio filtering.

PATENT: Preventing restricted trades using physical documents; US 10,410,168 B2; 9/10/2019; CPC 10/0832; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: A system for preventing restricted transactions using physical trade documents includes a document intake machine comprising a document scanner and a data extractor. The document intake machine receives a physical trade document associated with a transaction of goods from an entity. The document scanner scans the physical trade document to create an electronic file. The data extractor identifies trade terms from the electronic file. A trade-executing machine receives the trade terms and compares them to a database of restricted trade terms.

PATENT: Transaction storing and forwarding; US 10,410,186 B2; 9/10/2019; CPC 20/10; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: 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.

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 10,410,190 B1; 9/10/2019; CPC 20/108; 18 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: Systems and methods for identifying and capturing potential bankcard spending; US 10,410,281 B1; 9/10/2019; CPC 40/02; 15 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: The invention provides a method and system for a financial institution for capturing the business of a financial services customer. The system may include a data access system for obtaining and storing data; and an analysis system for processing the data.

PATENT: Systems and methods for a refinancing savings widget; US 10,410,282 B2; 9/10/2019; CPC 40/025; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods are provided for calculating a savings amount for loan refinancing. According to one implementation, a method includes displaying a graphic user interface comprising a widget at a client device and receiving input data from a user regarding a loan. In some embodiments, the input data may include the user's credit level and the current monthly payment, APR, and payoff amount associated with the user's current loan. The method further includes determining a saving amount based on a comparison of the input data with historical savings data accessible to the widget, and displaying the savings amount in the graphic user interface.

PATENT: System and method for managing transactions of financial instruments; US 10,410,283 B2; 9/10/2019; CPC 40/04; 27 claims; assigned to CFPH, LLC.

ABSTRACT EXCERPT: A system and method for managing transactions of financial instruments that comprises generating a graphical representation having a plurality of multi-dimensional objects positioned along an axis. Each position along the axis represents a price of a financial instrument. The system receives an indication that at least one multi-dimensional object has been selected. The system generates, in response to the at least one multi-dimensional object being selected, a dialog box in the graphical representation. The system receives information relating to a transaction of the financial instrument.

PATENT: Trading money market instrument; US 10,410,284 B1; 9/10/2019; CPC 40/04; 16 claims; assigned to Global Liquid Markets, LLC.

ABSTRACT EXCERPT: Improved techniques for trading money market instruments are disclosed. In some embodiments, a first view comprising consolidated real time data corresponding to a plurality of money market instruments is provided. In response to receiving a selection of a prescribed money market instrument via the first view, a second view comprising bids currently available for the selected money market instrument is provided.

PATENT: Trailblazer methods, apparatuses and media; US 10,410,285 B2; 9/10/2019; CPC 40/04; 23 claims; assigned to Thomson Reuters Global Resources Unlimited Company.

ABSTRACT EXCERPT: At a first time, an indication of a selection of a contract, expiring at a second time and associated with a commodity, is received. A set of physical stacks associated with the contract is accessed. Based upon the first time, the second time, and a periodic sampling rate, a marginal cost profile for the commodity is generated. The marginal cost profile is a set of values relating to an estimate of a marginal cost of production for the commodity at a set of times between the first time and the second time.

PATENT: Inter-product matrix; US 10,410,286 B2; 9/10/2019; CPC 40/04; 8 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Lists of tradeable objects may be generated and displayed to enable a user to define a trading strategy having multiple legs. The lists of tradeable objects may be used to define and display different combinations of the tradeable objects that are included in each of the lists. Each combination of tradeable objects may define the different legs of a spread that may be tradeable on one or more exchanges. A combination of tradeable objects may be selected to display contract information associated with the different legs of the spread.

PATENT: Prediction market and combinatorial prediction market volume forecasts; US 10,410,287 B2; 9/10/2019; CPC 40/06; 14 claims; assigned to Consensus Point, Inc.

ABSTRACT: Systems and methods for volumetric forecasting based on prediction market probability estimates. Alternative simulated starting values for prediction markets are used in order to determine the preferred starting values for prediction markets to use in volumetric forecasting. A user interface that facilitates using prediction market probability estimates to determine volumetric forecasts is described herein.

PATENT: Systems and method for tracking enterprise events using hybrid public-private blockchain ledgers; US 10,402,792 B2; 9/3/2019; CPC G06Q 20/0655; 23 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The disclosed embodiments include computerized systems and methods for generating secured blockchain-based ledger data structures that track occurrences of events across fragmented and geographically dispersed lines-of-business of an enterprise.

PATENT: Application life-cycle transition record recreation system; US 10,402,796 B2; 9/3/2019; CPC G06Q 20/10; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: Embodiments of the invention are directed to a system, method, or computer program product for utilizing a block chain distributed network for generation of blocks with searchable metadata code embedded therein for recreating a historic record of how a transaction is processed from a client origination to external clearing. The invention provides a process by which a distributed ledger technology is utilized to store complete payment structures and their events across application life-cycles to recreate a historic record of event processing. The record allows for complex tracking and tracing across complex event processing where data points are received, spliced, and processed across multiple applications in a high quantity high velocity environment.

PATENT: Cloud-based transactions methods and systems; US 10,402,814 B2; 9/3/2019; CPC G06Q 20/327; 20 claims; assigned to Visa International Service Association.

ABSTRACT: Systems and methods provide for communication of transaction data that is formatted according to a transaction type that is support by an access device. First transaction data may be formatted according to a first type of transaction supported by a first access device and second transaction data may be formatted according to a second type of transaction supported by a second access device. The first transaction data may be transmitted over a first wireless communication link to the first access device and the second transaction data may be transmitted to the second access over a second wireless communication link.

PATENT: Systems and methods for interactive financial categorization and budgeting; US 10,402,896 B1; 9/3/2019; CPC G06Q 40/00; 21 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A computer-implemented method of managing personal financial accounts includes retrieving account information associated with a financial account of a user. The account information includes a plurality of transactions and no more than three budget categories. The method also includes providing a user interface to display graphical representations of at least a portion of the plurality of transactions and at least a portion of the budget categories.

PATENT: Method and system for redirecting a financial transaction; US 10,402,897 B1; 9/3/2019; CPC G06Q 40/02; 26 claims; assigned to Capital One Services, LLC.

ABSTRACT: A system and method for redirecting a financial transaction from one account held by a customer at a first issuer to a second account held by the customer at a second issuer comprising receiving a customer request for redirection, identifying the second account to which transactions should be redirected, providing redirection information to a transaction entity, receiving terms for a financial transaction, and performing the financial transaction with respect to the second account.

PATENT: Systems and methods for providing a separate interest rate for an individual transaction; US 10,402,900 B2; 9/3/2019; CPC G06Q 40/02; 19 claims; assigned to Capital One Services, LLC.

SUMMARY: The disclosed embodiments include systems and methods that enable a service provider to offer a customer a separate interest rate for an individual transaction and provide the customer with a service that includes maintaining separate balances within one account to apply the separate interest rate.

PATENT: Financial exchange system and method for processing retail price improvement orders; US 10,402,902 B1; 9/3/2019; CPC G06Q 40/04; 40 claims; assigned to Cboe Eschange, Inc.

ABSTRACT: An exchange order fulfillment method includes receiving, by at least one processor, a plurality of orders for trading an underlying security, at least one of the orders comprising a retail price improvement (RPI) order having an interest value that is more aggressive than one of a protected NBB and a protected NBO of the underlying security. The method further includes fulfilling, by the at least one processor, the orders based upon an aggressiveness of a respective interest value for each of the plurality of orders relative to the one of the protected NBB and the protected NBO of the underlying security.

PATENT: Trading based on fill rate; US 10,402,903 B2; 9/3/2019; CPC G06Q 40/04; 18 claims; assigned to CFPH, LLC.

ABSTRACT EXCERPT: According to various embodiments, trades may be filled based at in part on order price and fill rates determined for providers of orders. In some embodiments, orders at a given price in an order book may be ordered in order of decreasing fill rate, such that orders associated with a higher fill rate (or higher probability of fill) are preferenced above orders associated with a lower fill rate. In some embodiments, order books may also be ordered based in part on response times from order providers.

PATENT: Generating market information based on causally linked events; US 10,402,904 B2; 9/3/2019; CPC G06Q 40/04; 9 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Certain embodiments provide systems, apparatus, and methods to analyze incoming data messages and create market information constructs.

PATENT: System for trading commodities and the like; US 10,402,905 B2; 9/3/2019; CPC G06Q 40/04; 22 claims; assigned to Tradecapture OTC Corp.

ABSTRACT EXCERPT: The system for trading commodities and the like in accordance with the principles of the present invention provides trading in an Internet-driven environment that enables various exchanges to create and share commodities within a unified database. The present invention provides a system for trading commodities and the like.