Patents By Frip

May 17, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Check tampering prevention using blockchain; US 11,334,856 B2; 5/13/2022; CPC 20/042; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT: Various embodiments are directed to techniques for ensuring that a negotiable instrument has not been altered between the time the instrument leaves the hands of the payor and when the check is presented for redemption by the payee by recording an image of the check in a data block in a blockchain and retrieving the image when the check is presented for redemption for comparison with the check. A match between the stored image and the check indicates that no alteration of the check has occurred.

PATENT: Digital contracts in blockchain environments; US 11,334,874 B2; 5/13/2022; CPC 20/367; 20 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: Digital or "smart" contracts execute in a blockchain environment. Any entity (whether public or private) may specify a digital contract via a contract identifier in a blockchain. Because there may be many digital contracts offered as virtual services, the contract identifier uniquely identifies a particular digital contract offered by a virtual machine, vendor or supplier. The blockchain is thus not burdened with the programming code that is required to execute the digital contract. The blockchain need only include or specify the contract identifier (and perhaps one or more contractual parameters), thus greatly simplifying the blockchain and reducing its size (in bytes) and processing requirements.

PATENT: Techniques for authenticating and tokenizing real-world items; US 11,334,875 B2; 5/13/2022; CPC 20/3672; 20 claims; assigned to Verona Holdings Sezc.

ABSTRACT: In embodiments of the present invention, methods are provided for receiving a photograph of, and information relating to, an item, and generating a virtual representation of the item. The item may be authenticated by making an authentication request via a portal to subject-matter authentication experts, wherein the portal displays the virtual representation of the item in the portal. An authentication report may be received from the experts, and a non-fungible digital token having a unique token identifier may be generated. The non-fungible token may be cryptographically linked to the virtual representation of the item on a cryptographic ledger and ownership data of the non-fungible token associated with an account of an owner of the item on the cryptographic ledger.

PATENT: Techniques for transferring digital tokens; US 11,334,876 B2; 5/13/2022; CPC 20/3672; 21 claims; assigned to Verona Holdings Sezc.

ABSTRACT: In embodiments of the disclosure a method is disclosed for exchanging digital tokens from a message-based application is disclosed. The method includes displaying, by a digital wallet GUI, an inventory of tokens that are owned by a user. Each token is linked to a virtual representation of an item and redeemable for an instance of the item. The method also includes receiving an instruction to transfer a digital token from the inventory of tokens to a recipient and displaying a keyboard that includes a selectable media content that represents the item linked to the token. The method also includes receiving a selection of the media content and embedding a token identifier of the token in a text-based message that is sent to the recipient, such that the recipient can select the selectable media content to accept to the digital token into a respective digital wallet of the recipient.

PATENT: Data access management on a distributed ledger system; US 11,334,882 B1; 5/13/2022; CPC 20/3829; 15 claims; assigned to USAA.

ABSTRACT: Techniques are described for managing ownership and transfers of physical objects using information stored on a distributed ledger such as a blockchain. A distributed ledger may securely store object data describing the current owner(s) of an object, the previous owner(s) of the object, the history of transfers of the object, and/or other information regarding the object. Use of a distributed ledger may provide an immutable, readily auditable record of the current ownership and ownership history of the object. Each user participating in the system may be assigned a unique identifier to be used for conducting transactions on the distributed ledger network. A user may also be provided with a digital security token such as a cryptographic key that is useable to authenticate the user and enable access to the object data stored on the distributed ledger(s).

PATENT: Systems, methods, and program products for modifying the supply, depositing, holding and/or distributing collateral as a stable value token in the form of digital assets; US 11,334,883 B1; 5/13/2022; CPC 20/3829; 10 claims; assigned to Gemini IP, LLC.

ABSTRACT: The present invention generally relates to a method, system and program product for depositing, holding and/or distributing collateral in the form of digital assets in a peer-to-peer network.

PATENT: Encapsulated security tokens for electronic transactions; US 11,334,884 B2; 5/13/2022; CPC 20/3829; 6 claims; assigned to Institutional Distributers Technology, LLC. ABSTRACT: Functional data for use in one or more digital transactions are secured by using an encapsulated security token (EST). In certain embodiments, the EST is created by encapsulating digital data including the functional data using at least two cryptographic systems of two parties. The encapsulation and subsequent de-encapsulation can utilize cryptographic systems of the parties that involve a private key for signing and decryption and a public key for encryption and signature verification. If constructed carefully over a series of rigorous events, the resulting EST can be practically impossible to counterfeit. In addition, a propagation of rights can be tracked for auditing and rights can be easily terminated or modified.

PATENT: Mirrored token vault; US 11,334,885 B2; 5/13/2022; CPC 20/385; 20 claims; assigned to Visa International Service Association.

ABSTRACT: 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. In some embodiments, the first token vault may be a master token vault and the second token vault may be a mirror token vault. The mirror token vault may store the same information as the master token vault. Alternatively, the mirror token vault may store a subset of the information stored at the master token vault. In other embodiments, the information stored at the first token vault and the information stored at the second token vault may be mutually exclusive.

PATENT: Method and apparatus for consensus verification; US 11,334,888 B2; 5/13/2022; CPC 20/401; 18 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A method for consensus verification implementable by a first blockchain node in a consensus network may comprise: receiving a transaction request from a client, and performing a first security verification on the transaction request; in response to determining that the transaction request passes the first security verification, storing the transaction request, and broadcasting the transaction request to each of second blockchain nodes in the consensus network, causing the each second blockchain node to store the transaction request in response to the second blockchain node determining that the transaction request passes a second security verification; performing pre-processing on at least one stored transaction request in response to determining that a preset condition is satisfied, to obtain and store a pre-processed block; and broadcasting the obtained pre-processed block to the second blockchain nodes, causing the second blockchain nodes to perform consensus verification on the obtained pre-processed block.

PATENT: Method and device for processing transaction request in blockchain, electronic apparatus, and storage medium; US 11,334,945 B2; 5/13/2022; CPC 40/04; 13 claims; assigned to Baidu Online Network Technology (Beijing) Co., Ltd.

ABSTRACT: A method and device for processing a transaction request in a blockchain, an apparatus and a medium are provided, which are related to blockchain technology. The method includes: determining at least one transaction request set according to one or more dependency relationships among one or more transaction requests in a blockchain network; and determining a target transaction request set from the at least one transaction request set, to generate a block by performing one or more transaction requests in the target transaction request set. Reasonability of a blockchain node in selecting a transaction request during a block generation process may be improved.

May 10, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for coordinating virtual wallet defaults; US 11,328,287 B2; 5/10/2022; CPC G06Q 20/36; 12 claims; assigned to Mastercard International Incorporated.

ABSTRACT: Systems and methods are provided for use in permitting selection of a virtual wallet default at a communication device by a user associated with the communication device. One exemplary method includes receiving, by a wallet platform, a payload request from a virtual wallet at a communication device where the payload request related to a default virtual wallet for the communication device, and verifying, by the wallet platform, the payload request. The method then also includes, in response to the payload request, identifying, by the wallet platform, the virtual wallet as the default virtual wallet for the communication device, whereby the virtual wallet is identified as the default virtual wallet for subsequent transactions performed via the communication device.

PATENT: System and method for authenticating electronic money using a smart card and a communication terminal; US 11,328,288 B2; 5/10/2022; CPC G06Q 20/363; 15 claims.

ABSTRACT: The present invention provides a system and a method for authenticating an electronic money, wherein the system comprises a smart card and a communication terminal. The smart card takes biometric signature from a user as an input, transmits recognition completion information to the communication terminal when the biometric signature inputted by the user matches the stored biometric signature, receives an update command from the communication terminal, updates the amount of stored balance data, and transmits an update completion message to the communication terminal. The communication terminal is connected to the smart card in a wired or wireless manner, and transmits the update command to the smart card upon receipt of the recognition completion information.

PATENT: Stable cryptocurrency coinage; US 11,328,290 B2; 5/10/2022; CPC G06Q 20/3672; 11 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: A two-coin mechanism for maintaining a stable value of cryptographic coinage traded in a decentralized market exchange without requiring a reserve. A pegged cryptographic token and a variable-priced cryptographic token are both traded in the reserveless decentralized market exchange. The pegged cryptographic token and the variable-priced cryptographic token are value related based on a cryptographic exchange rate. Whenever a market transaction is processed (such as a buy or sell order), at least one of a destruction operation and a creation operation are performed. The destruction operation destroys at least one of the pegged cryptographic token and/or the variable-priced cryptographic token, while the creation operation creates new ones of the pegged cryptographic token and/or the variable-priced cryptographic token. The two-coin mechanism thus implements a decentralized and algorithmic monetary policy that removes and/or deposits cryptographic tokens to/from the reserveless decentralized market exchange to alter supply and to maintain stable coinage values.

PATENT: Systems and methods for use of distributed ledger technology for recording and utilizing credit account transaction information; US 11,328,292 B2; 5/10/2022; CPC G06Q 20/3672; 11 claims; assigned to Capital One Services, LLC.

ABSTRACT: The disclosed technology includes a distributed ledger system that can include one or more transaction blocks that are associated with one or more transaction records of an account corresponding to the primary account number. The system may allocate a first type block in a first distributed ledger, and the first type block may be utilized to identify a classification type associated with the first primary account number. The system may receive, at the first node, a first transaction indication associated with the first primary account number. Responsive to receiving the first transaction indication, the system may bind a first transaction block to the first distributed ledger. Transaction blocks may be configured for selective control and/or selective replicated to other nodes of the system. In response to an end-of-cycle indication, the first transaction block may be locked to prevent further modification.

PATENT: Systems and methods for multi-merchant tokenization; US 11,328,293 B2; 5/10/2022; CPC G06Q 20/38215; 20 claims; assigned to Worldpay, LLC.

ABSTRACT: Systems and methods for multi-merchant tokenization may include receiving a transaction from a point of sale terminal of a merchant, validating the merchant ID against merchant logs, and generating a token for the transaction. The token includes a primary account number, expiration, and a group ID. Additionally, the system provides the primary account number to a payment system and receives a response back. The response is then output back to the merchant along with the token. In subsequent transactions, the system may receive the token from a one point of sale terminal of the merchant. The system validates the merchant ID against merchant logs and ensures the merchant is configured for tokenization. The token is decrypted and the group ID is compared to the merchant ID in the merchant logs. When they match, the primary account number is provided to the payment system for approval.

PATENT: Asset transfer method and apparatus, and electronic device; US 11,328,303 B2; 5/10/2022; CPC G06Q 20/405; 15 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: An asset transfer request to transfer an asset to a blockchain member associated with a blockchain is detected, where the asset is of a specified asset type and is issued by a specified anchor in the blockchain. Whether there is a maximum trusted asset limit configured by the blockchain member for the specified anchor and that corresponds to the specified asset type is determined. If it is determined that the maximum trusted asset limit is not configured, application of the asset transfer request to the asset is prohibited. However, if it is determined that the maximum trusted asset limit is configured, whether the maximum trusted asset limit is exceeded is determined. If it is determined that the maximum trusted asset limit is not exceeded, the asset transfer request is applied to the asset.

PATENT: Rental asset processing for blockchain; US 11,328,347 B2; 5/10/2022; CPC G06Q 30/0645; 15 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of determining, by a first blockchain node, a need for a rental asset unable to be provided by the first blockchain node, requesting use of the rental asset from a second blockchain node controlling the rental asset, reserving, by the second blockchain node, the rental asset, utilizing the rental asset, designating the rental asset as in-use, and in response to the rental asset no longer being in-use. returning control of the rental asset to the second blockchain node.

PATENT: Systems and methods for tokenization and API services; US 11,328,354 B1; 5/10/2022; CPC G06Q 40/025; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Systems, apparatuses, methods, and computer program products are disclosed for preapproving a loan. An example method includes receiving, from an online marketplace server device, a preapproval request provided by a user for a loan preapproval to purchase a first property. The example method further includes obtaining credit information associated with the user from a credit server device. The example method further includes generating a preapproval data structure based on the preapproval request and the credit information. The example method further includes generating a preapproval token based on the generated preapproval data structure. Subsequently, the example method includes transmitting the generated preapproval token to the online marketplace server device.

PATENT: Systems and methods for controlling an automated electronic networked central clearinghouse for non-fungible digital assets; US 11,328,358 B2; 5/10/2022; CPC G06Q 40/04; 20 claims; assigned to Mythical, Inc.

ABSTRACT: Systems and methods for controlling an automated electronic networked central clearinghouse for clearing and reversing reversible exchanges of digital assets are disclosed. Exemplary implementations may: execute an instance of a game; receive an exchange request that indicates a first user offers a first digital asset for a reversible exchange on a fiat-currency-based online exchange platform; access a decentralized database to obtain asset-specific distribution rights for the first digital asset; generate publication information of the first digital asset for publication on the online exchange platform; receive exchange information regarding the reversible exchange; temporarily transferring the ownership of the first digital asset; determine whether to reverse the reversible exchange, and either (i) transfer the ownership of the first digital asset to the first user, or (ii) clear the reversible exchange by non-temporarily transferring the ownership to the exchanging user, and by distributing benefits in accordance with the asset-specific distribution rights.

PATENT: Systems and methods for automated trading; US 11,328,360 B2; 5/10/2022; CPC G06Q 40/06; 16 claims; assigned to UST Global Inc.

ABSTRACT: A system configured to: (a) retrieve structured and unstructured data from one or more external data sources, the structured data including time-series data on a financial instrument and the unstructured data including words; (b) analyze the unstructured data to determine a sentiment measure for the financial instrument; (c) analyze the structured data to obtain a training dataset; (d) train a neural network model with the training dataset such that the neural network can provide a predicted price of the financial instrument for a future timestamp; and (e) provide a decision for managing the financial instrument based at least in part on the sentiment measure for the financial instrument, the predicted price of the financial instrument, and a current holding of the financial instrument.

May 3, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: System and method for processing and management of transactions using electronic currency; US 11,321,680 B2; 5/3/2022; CPC G06Q 20/0655; 8 claims.

FIELD: The method and system of the present invention relate to the field of communication between devices for conducting financial transactions. More particularly the method and system of the present invention relate to the field of conducting financial transactions using secured processing of transaction data using electronic currency as a medium in a hybrid model of centralized and de-centralized electronic processing.

PATENT: Systems and methods for issuing and tracking digital tokens within distributed network nodes; US 11,321,681 B2; 5/3/2022; CPC G06Q 20/0855; 16 claims; assigned to Northern Trust Corporation.

FIELD: This application relates generally to systems and methods for tracking of payment obligations on a distributed database such as a blockchain, and more specifically generating digital payment tokens associated with payment obligations and updating the digital payment tokens upon the fulfillment of the payment obligations.

PATENT: Tokenized data having split payment instructions for multiple accounts in a chain transaction; US 11,321,683 B2; 5/3/2022; CPC G06Q 20/10; 19 claims; assigned to PayPal, Inc.

ABSTRACT: There are provided systems and methods for tokenized data having split payment instruction for multiple accounts in a chain transaction. A user may provide a payment to a merchant that sells one or more items to the user. In order to sell items, the merchant may utilize a partner service that provides resources for the merchant to sell the items, such as an online marketplace. The partner service may require a payment for each transaction by the merchant using the partner service. Thus, when a payment request is generated to the merchant for items sold to the user, the partner service may attach to the payment request and provide a split payment request for a split payment from the payment request. The payment between the user and merchant may be processed, and a separate transaction may provide the split payment automatically to the partner service from the merchant.

PATENT: Systems and methods for funds transfers via a federated directory; US 11,321,685 B1; 5/3/2022; CPC G06Q 20/102; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A system, method, and apparatus for a funds transfer is provided. A method includes receiving a fund transfer request from a user, the fund transfer request comprising a token regarding a payee and an amount of funds to transfer to the payee, wherein the user and the payee are members of different payment directories; sending the fund transfer request to a federated directory management system, wherein the federated directory management system is communicably and operatively coupled to the payment directories; receiving, by the mobile device, an identification of the payee and the payment directory associated with the payee based on the token from the federated directory management system; displaying a message indicating that the fund transfer has been completed; and performing a mobile device action, wherein the mobile device action depends on contents of the message.

PATENT: Smart card with built-in support provisioning mechanism; US 11,321,730 B2; 5/3/2022; CPC G06Q 20/341; 16 claims; assigned to Bank of America Corporation.

ABSTRACT: Systems and methods for augmenting a dedicated payment instrument to leverage built-in access to real-time support from a central system are provided. Methods may be executed via computer-executable instructions that are stored in a non-transitory memory of the instrument and run on a microprocessor embedded in the instrument. Methods may include receiving a request from a user of the instrument, via one or more sensors, to initiate a support session. The sensors may include a camera, a microphone, and/or a tactile sensor. Methods may include transmitting the request to the central system via a wireless communication element, and receiving, from the central system, support session data. Methods may also include displaying, on a display screen, information based on the support session data.

PATENT: Blockchain smart contract-based data processing; US 11,321,710 B2; 5/3/2022; CPC G06Q 20/3825; 24 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: This disclosure relates to blockchain smart contract-based data processing. In one aspect, a method includes obtaining, by a node in a blockchain network in which a service smart contract is deployed, a service initiation transaction. The service initiation transaction is broadcast to other nodes. While executing the service initiation transaction, the service smart contract is invoked using a blockchain virtual machine that includes a first instruction set comprising a data exchange instruction and processing logic corresponding to the data exchange instruction. The node triggers execution of the processing logic based on the data exchange instruction in the service smart contract using the blockchain virtual machine, thereby performing a data exchange processing operation on data to be processed. A second instruction set of a smart contract compiler includes the data exchange instruction. The service smart contract is compiled using the smart contract compiler and includes the data exchange instruction.

PATENT: Systems and methods for blockchain based identity assurance and risk management; US 11,321,718 B1; 5/3/2022; CPC G06Q 20/4016; 8 claims.

ABSTRACT: The method includes receiving a first identity attribute; determining a corresponding first level of assurance (LOA) based on the first identity attribute and a first attribute history; receiving a second identity attribute; determining a corresponding second LOA based on the second identity attribute and a second attribute history; defining a Self-Sovereign Identity (SSI) based on the first identity attribute, the second identity attribute, the first LOA, and the second LOA; and determining an aggregate LOA based on the SSI.

PATENT: Risk mitigation in an electronic trading system; US 11,321,778 B2; 5/3/2022; CPC G06Q 40/04; 17 claims; assigned to NYSE Group, Inc.

ABSTRACT: An electronic trading system (ETS) implements risk mitigation methods for orders and quotes associated with a market participant on the ETS. The methods determine a measure of risk associated with one or more trading positions. One of the methods globally counts the number of breaches of risk thresholds associated with a trading symbol and market participant across all matching engines on the ETS over a rolling time period, and if this global risk counter exceeds a maximum, disables all further trades by the market participant on the ETS. Another method limits the number of automatic re-enablements that a market participant can request in response to prior breaches of risk thresholds that resulted in disabling any further trading by the market participant on the ETS.

PATENT: Systems and methods for determining an initial margin; US 11,321,782 B2; 5/3/2022; CPC G06Q 40/06; 20 claims; assigned to Intercontinental Exchange Holdings, Inc.

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

PATENT: Method and device for data processing based on blockchain; US 11,321,783 B2; 5/3/2022; CPC G06Q 40/08; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A method, a system, and a computer-readable storage medium for blockchain-based data processing are provided. The method comprises: by a node device of a service acceptance platform, receiving service processing application data of a target user; generating a first shared service processing result and a first private service processing result with respect to a target service data processing entity; sending a first transaction to a blockchain for the first transaction to be recorded in a distributed database of the blockchain upon verification of the first transaction by a plurality of node devices associated with the blockchain according to a consensus mechanism; and sending the first private service processing result to the node device of the target service data processing entity, for the node device of the target service data processing entity to generate a second service processing result.

April 26, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Relaxed fraud detection for transactions using virtual transaction cards; US 11,315,106 B2; 4/26/2022; CPC G06Q 20/351; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A device may receive an authorization request, associated with a transaction made by a user device as part of a checkout procedure of a website, that includes a virtual transaction card identifier of a virtual transaction card that is being used for the transaction, and a first merchant identifier for a merchant associated with the website.

PATENT: Transaction processing method and apparatus; US 11,315,109 B2; 4/26/2022; CPC G06Q 20/38; 21 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: During operation, a first node coupled to the blockchain sends a transaction confirmation request for a target transaction to a second node, the transaction confirmation request comprising transaction data associated with the target transaction. The first node receives a transaction confirmation response from the second node, the transaction confirmation response comprising a first data block comprising at least an identifier of the second node, first encoded transaction data generated based on a predetermined encoding scheme, and a first confirmation result. The first node generates a second data block comprising at least an identifier of the first node, second encoded transaction data generated based on the predetermined encoding scheme, and a second confirmation result; and in response to determining that each of the first confirmation result and the second confirmation result indicates that the target transaction is confirmed, stores the first data block and the second data block in the blockchain.

PATENT: Private resource discovery and subgroup formation on a blockchain; US 11,315,110 B2; 4/26/2022; CPC G06Q 20/3829; 19 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of identifying a registered interest associated with a requestor on a blockchain, accessing a smart contract stored on the blockchain, determining a match between the registered interest and blockchain transaction information, determining the requestor associated with the registered interest has access permissions to access the blockchain transaction information based on access control rules, and creating a temporary bilateral smart contract including the requestor, and an owner of the blockchain transaction information, and the temporary bilateral smart contract provides permission for the requester to access the blockchain transaction information.

PATENT: Methods and devices for testing signature verification for blockchain system; US 11,315,111 B2; 4/26/2022; CPC G06Q 20/3829; 17 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Disclosed herein are methods, devices, and apparatuses, including computer programs stored on computer-readable media, for testing signature verification for a blockchain system. One of the methods includes: obtaining a testing configuration from a configuration file, wherein the testing configuration specifies a cryptography algorithm used in the blockchain system, a group of one or more private keys corresponding to the cryptography algorithm, and a predetermined execution result based on the cryptography algorithm and the group of one or more private keys; signing a transaction, by encrypting data representing the transaction based on the cryptography algorithm and the group of one or more private keys, to generate one or more signed transactions; sending the one or more signed transactions to the blockchain system and receiving an execution result from the blockchain system; and determining whether the predetermined execution result is satisfied based on the execution result.

PATENT: Blockchain data processing method, apparatus, device, and system; US 11,315,112 B2; 4/26/2022; CPC G06Q 20/3899; 9 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Implementations of the present specification disclose a blockchain data processing method, apparatus, device, and system. A request for transitioning a state of a contract stored at a blockchain system is received at a plurality of blockchain nodes of the blockchain system. The request includes signature data of at least one state participant of the contract. The contract is associated with a pre-determined number of participants. The signature data is verified at a blockchain node. The verification is based on at least one public key corresponding to the at least one state participant. A determination is made whether the signature data of the at least one state participant is verified. In response to determining that the signature data of the at least one state participant is verified, a new contract state defined in the request is confirmed. The pre-determined number of participants is pre-determined in the contract.

PATENT: Blockchain-based data processing system, method, computing device and storage medium; US 11,315,115 B2; 4/26/2022; CPC G06Q 20/401; 8 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A blockchain-based data processing system may comprise: a transaction-side blockchain node and a server-side blockchain node on a blockchain network maintaining a blockchain. The transaction-side blockchain node may be configured to: create a transaction data structure based on an Unspent Transaction Output (UTXO) model, consolidate transaction data of a transaction according to the transaction data structure to generate shared transaction data, execute a smart contract of the transaction-side blockchain node to automatically determine a to-be-settled commission amount, update the shared transaction data according to the to-be-settled commission amount, collect the updated shared transaction data according to a preset condition, and send a to-be-settled transaction processing request comprising the updated shared transaction data to the server-side blockchain node. The server-side blockchain node may be configured to: receive the to-be-settled transaction processing request, and calculate a sum of the to-be-settled commission amount in the updated shared transaction data.

PATENT: Implementing a marketplace for risk assessed smart contracts issuers and execution providers in a blockchain; US 11,315,120 B2; 4/26/2022; CPC G06Q 20/4016; 20 claims; assigned to IBM.

ABSTRACT: A system and method for implementing a marketplace for risk assessed smart contracts issuers and execution providers in blockchains in a computer environment are presented. A smart contract, issued by one or more blockchain nodes to a secondary blockchain and accepted by a primary blockchain, may be executed following a risk assessment to recursive call attack vulnerabilities of the smart contract according to a reputation of both the one or more blockchain nodes and the one or more execution nodes.

PATENT: Special purpose systems; US 11,315,178 B1; 4/26/2022; CPC G06Q 40/025; 20 claims; assigned to Coinbase, Inc.

ABSTRACT: A system and method receive a plurality of crypto profiles that include customizable rules for different cryptocurrencies and operating state information that initialize containerized lending applications. The system and method ink the crypto profiles to a matching engine before the containerized lending applications and the matching engine match a plurality of borrower requests for a debt or an equity denominated in a cryptocurrency to lending requests. The system and method collect cryptocurrency payments in response to the use of the debt or the equity by the borrower. Each containerized lending application include executable software, runtime code, system tools, and system libraries that enable the containerized applications to run on two or more computing environments without modification.

PATENT: Blockchain instrument for transferable equity; US 11,315,185 B1; 4/26/2022; CPC G06Q 40/04; 30 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: Automatic execution of subscription-based financial instrument trading strategies in real-time; US 11,315,186 B1; 4/26/2022; CPC G06Q 40/04; 26 claims; assigned to FMR.

ABSTRACT: Methods and apparatuses are described for automatic execution of subscription-based financial instrument trading strategies in real-time. A server receives a request to deploy a trading strategy with trading strategy parameters. The server determines that a trading strategy has already been created for other users based upon the parameters. The server generates a subscription to the trading strategy, which comprises indicators needed to deploy the trading strategy. The server identifies at least one indicator that has already been calculated and calculates any of the indicators that have not already been calculated. The server deploys the trading strategy using the identified and calculated indicators.

April 19, 2022

Total CPC G06Q Subclass (business methods) patents issued: 

Financial industry business method patents reviewed herein:   10

PATENT: Intelligent employment-based blockchain; US 11,308,448 B1; 4/19/2022; CPC G06Q 10/105; 20 claims; assigned to Mass. Mutual Life Insurance Company.

FIELD: This application relates generally to generating and manipulating datasets stored in blockchains.

PATENT: Method and system for multi-account check processing via blockchain; US 11,308,460 B2; 4/19/2022; CPC G06Q 20/042; 6 claims; assigned to Mastercard International Incorporated.

FIELD: The present disclosure relates to the processing of a multi-account check for a payment transaction involving a blockchain, specifically the use of a blockchain to store data related to checks that are drawn on multiple transaction accounts and the processing of a payment transaction funded via such a check.

PATENT: Systems and methods for tracking and transferring ownership of connected devices using blockchain ledgers; US 11,308,461 B2; 4/19/2022; CPC G06Q 20/0655; 23 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The disclosed embodiments include computerized systems and methods that generate secured blockchain-based ledger structures that facilitate event-based control of tracked assets. In one embodiment, an apparatus associated with a centralized authority of the secured blockchain-based ledger may detect an occurrence of an event, and may access and decrypt a set of rules hashed into the secured blockchain-based ledger using a confidentially-held master cryptographic key. The apparatus may identify a rule associated with the detected event, and perform one or more operations consistent with the rule and involving at least one of assets tracked within the secured blockchain-based ledger or an owner of a portion of the tracked assets.

PATENT: Secure electronic payment; US 11,308,462 B2; 4/19/2022; CPC G06Q 20/0855; 16 claims; assigned to Clear Token Inc.

ABSTRACT: Secure electronic payment is disclosed as it may be implemented for a point of sale machine such as but not limited to, vending machines/devices, parking devices/facilities, and laundry machines/facilities. An example secure electronic payment system includes a remote payment processor to confirm payment for a transaction at a point of sale device and issue a token to a mobile device for completing the transaction. A wireless interface module at the point of sale device is configured to receive the token from the mobile device for the transaction via a wireless communications protocol. A token processing module at the point of sale device confirms validity of the token. A transaction processing module negotiates the transaction at the point of sale device by actuating the point of sale device.

PATENT: Token service provider for electronic/mobile commerce transactions; US 11,308,483 B2; 4/19/2022; CPC G06Q 20/3674; 20 claims; assigned to PayPal, Inc.

ABSTRACT: In some embodiments, a verification system includes a memory storing a common identifier that identifies a user. The system may also include one or more hardware processors coupled to the memory and configured to read instructions from the memory to perform the steps of: receiving a token associated with a request to complete a transaction with an environment; determining the common identifier associated with the token, the common identifier being associated with an identifier of the merchant, an identifier of the user requesting the transaction, and a funding instrument associated with the user; and determining, based on information associated with the common identifier, whether to approve the transaction.

PATENT: System and method for secure storage of digital currencies and making transactions in a blockchain network; US 11,308,484 B2; 4/19/2022; CPC G06Q 20/3674; 15 claims.

FIELD: The claimed solution relates to a method of making transactions in the blockchain framework using a protected hardware and software complex to ensure secure storage of digital currencies (cryptocurrencies) and control the entire lifecycle of multiple wallets simultaneously to make transactions in the blockchain network.

PATENT: Processing a transaction using electronic tokens; US 11,308,485 B2; 4/19/2022; CPC G06Q 20/3821; 18 claims; assigned to PayPal, Inc.

ABSTRACT: In some embodiments, a method for binding a user's information to a user's account with a payment service provider includes receiving a request to pay for a transaction using the user's account with the payment service provider. The request to pay specifies a funding instrument. Additionally, the payment service provider is a source of the funding instrument, and the transaction is between the user and a merchant application. The method also includes generating a common identifier (ID) corresponding to the funding instrument, and generating a payment token corresponding to the common ID and the funding instrument. The common ID is a non-transactable token associated with the merchant application and the user, and the payment token is a non-transactable token that corresponds to the common ID. The method further includes binding the user's payment service provider account to the payment token and the common ID.

PATENT: Method and system for the secure transfer of entities on a blockchain; US 11,308,486 B2; 4/19/2022; CPC G06Q 20/3829; 23 claims; assigned to nChain Holdings Limited.

FIELD: The present invention relates to distributed, peer-to-peer ledgers and, in particular, blockchain technologies. The invention also relates in part to tokenisation and security techniques, and secure mechanisms for transferring entities and/or ownership of entities via a blockchain. It may comprise a method of performing secure transactions between different parties over a blockchain.

PATENT: Secure electronic transaction authorization on tokenized identifiers and location data; US 11,308,521 B2; 4/19/2022; CPC G06Q 30/0268; 20 claims; assigned to Worldplay, LLC.

ABSTRACT: Systems and methods for applying a promotion to a payment transaction originating at a point of sale system of a merchant are described. Transactional information is provided to an acquirer computing system of the merchant. Based on identifying indicia associated with the transactional information, the acquirer computing system determines whether to modify the payment transaction messaging before communicating it along to an issuer computing system.

PATENT: Blockchain instrument for transferable equity; US 11,308,559 B1; 4/19/2022; CPC G06Q 40/04; 30 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.

April 12, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Method and system for authenticating a virtual currency instrument; US 11,301,841 B2; 4/12/2022; CPC G06Q 20/3674; 16 claims; assigned to Sony Corporation.

ABSTRACT: Various aspects of a method and system for authentication of a virtual currency instrument for a monetary transaction are disclosed herein. In accordance with an embodiment, the method includes activation of a software module different from a payment application at an electronic device. An authentication of secure information, which is read through the payment application by the software module, is performed at the electronic device. Output of an authentication result occurs at the electronic device based on the authentication from the software module for the monetary transaction.

PATENT: CPK-based digital bank, digital currency, and payment method; US 11,301,842 B2; 4/12/2022; CPC G06Q 20/3674; 3 claims; assigned to JS Bochtec Co., Ltd.

ABSTRACT: Disclosed are a CPK-based digital bank, a digital currency and a payment method. The digital currency is a core component of the digital bank. The digital currency is realized by means of a CPK digital signature, and a payer provides an account authenticity certification, an amount authenticity certification and a fund allocation authenticity certification, thereby effectively preventing crimes inside or outside a bank. The digital currency directly takes an account identifier as an account number. The digital currency can be used in on-line operations, as well as off-line operations, thereby satisfying face-to-face trade requirements between a great number of retail accounts. The CPK digital bank is realized by means of a CPK chip without support of other devices, such that everyone can check the authenticity of the digital currency.

PATENT: System and method for blockchain based document processing; US 11,301,843 B2; 4/12/2022; CPC G06Q 20/3678; 14 claims; assigned to Toshiba TED Kabushiki Kaisha.

ABSTRACT: A system and method for blockchain-based document processing includes a processor, network interface, print engine, scan engine, and a memory storing a blockchain ledger. The blockchain ledger includes time stamped blocks, each block including currency data associated with a digital currency value. The processor generates a block corresponding to a received instruction, a preexisting currency value associated with the received instruction and contract data corresponding to a smart contract associated with the received instruction. The processor updates the blockchain ledger with a generated block and shares an updated blockchain ledger with other networked data devices via the network interface. The processor also receives verification of the updated blockchain ledger from the other networked data devices. The processor executes the smart contract upon receipt of verification.

PATENT: Cryptographic authentication and tokenized transactions; US 11,301,844 B2; 4/12/2022; CPC G06Q 20/38215; 13 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A cryptographic method of performing a tokenised transaction between a payment offering party and a payment accepting party is described. The tokenised transaction is mediated by a transaction scheme. The payment accepting party is provided with a merchant identity and a merchant certificate associated with that identity by the transaction scheme provider. The payment accepting party provides the merchant identity and transaction seed data to the payment offering party. The payment offering party validates the merchant identity and uses the merchant identity and the transaction seed data to generate a cryptogram for the tokenised transaction. The payment offering party provides the cryptogram to the payment accepting party for transmission to the transaction scheme provider for authorisation of the tokenised transaction. A suitable user computing device and merchant computing device for acting as payment offering party and payment accepting party respectively are also described.

PATENT: Cryptoasset custodial system with proof-of-stake blockchain support; US 11,301,845 B2; 4/12/2022; CPC G06Q 20/38215; 15 claims; assigned to Anchor Labs, Inc.

ABSTRACT: Methods and systems for secure storage and retrieval of information, such as private keys, useable to control access to a blockchain, include: receiving, in a cryptoasset custodial system, a request to authorize a staking operation associated with a blockchain, wherein the staking operation is associated with a private key of an asymmetric cryptographic key pair, the private key is usable to control ownership of a cryptoasset recorded in the blockchain, and the private key is securely held in the custodial system; performing, in response to the request, a portion of the proof-of-stake protocol in a hardware security module using logic designed for the protocol, wherein the logic in the hardware security module is configured to authorize the staking operation by digitally signing an associated staking transaction; and sending the digitally signed staking transaction to another computer to effect the staking operation on behalf of the user.

PATENT: System and method for information protection; US 11,301,846 B2; 4/12/2022; CPC G06Q 20/38215; 20 claims; assigned to Advanced New Technologies Co. Ltd.

PREAMBLE CLAIM 1: An information protection system comprising a first blockchain node and one or more second blockchain nodes.

PATENT: Risk mitigation for a cryptoasset custodial system using a hardware security key; US 11,301,849 B2; 4/12/2022; CPC G06Q 20/3829; 20 claims; assigned to Anchor Labs, Inc.

ABSTRACT: An approval request is transmitted for a cryptoasset transaction in accordance with a policy stored in a hardware security module ("HSM"). The policy specifies at least one specific approver required for approval of the cryptoasset transaction. The approval request is transmitted to a computer device associated with the specific approver and is configured to cause the computer device to prompt the specific approver to approve the cryptoasset transaction. A security key is received from a hardware security token associated with the specific approver. The security key indicates an approval of the cryptoasset transaction. A risk analysis module authenticates an identity of the specific approver based on the security key. Responsive to the authenticating of the identity of the specific approver, the HSM signs the cryptoasset transaction using a cryptographic key stored in the HSM.

PATENT: Method and system for transaction authorization via controlled blockchain; US 11,301,856 B2; 4/12/2022; CPC G06Q 20/4016; 16 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A method for processing an electronic payment transaction includes: storing an account profile including a plurality of account numbers; receiving a first authorization request for a payment transaction that includes a first account number of the plurality of account numbers, a first time, and a first location; processing the first payment transaction; receiving a second authorization request for a different transaction including a second primary account number of the plurality of account numbers, a second time, and a second location, where the second account number is associated with a different issuer than the first account number; determining a likelihood of fraud based on the first time and location and the second time and location; and forwarding the second authorization request to the different issuer if the likelihood of fraud is below a threshold, or transmitting an authorization response indicating decline if the likelihood of fraud is above the threshold.

PATENT: Systems and methods for providing tokenized transaction accounts; US 11,301,864 B2; 4/12/2022; CPC G06Q 20/405; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: The disclosed embodiments include methods and systems for providing tokenized transaction accounts. In one embodiment, a computer-implemented method is provided that may include generating, by one or more processors, a first tokenized transaction account from a first transaction account associated with a first user. The method may also include providing the first tokenized transaction account to a client device associated with the first user for storage in the client device and use in transactions. The method may also include updating the first tokenized transaction account based on one or more conditions and providing the updated first tokenized transaction account to the client device for storage and use in a subsequent transaction.

PATENT: Method for providing united point service using updated status of balance database with blockchain and server using the same; US 11,301,933 B2; 4/12/2022; CPC G06Q 40/04; 7 claims; assigned to Coinplug, Inc.

ABSTRACT: A method of registering a point distributor and an exchange rate for a united point service is provided. The method includes steps of: a system managing server (a) verifying a registration transaction TrxA or a confirmation transaction TrxB if (i) a condition that the TrxA having a public key of a point managing server, and a first XEA, an exchange rate of a point A of a point distributor to the united point, is acquired from a point distributing server, or (ii) a condition that the TrxB having a public key of the point distributing server and a second XEA is acquired from the point managing server, is satisfied; and (b) if the TrxA or the TrxB is valid, (i) recording it on a blockchain database, (ii) initializing a balance database by updating a balance of the point distributor, and (iii) acquiring a transaction ID of the TrxA, the TrxB.

April 5, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Mobile wallet account provisioning systems and methods; US 11,295,294 B1; 4/5/2022; CPC G06Q 20/36; 8 claims; assigned to Wells Fargo Bank, N.A.

BACKGROUND: The present disclosure relates generally to the field of systems that use mobile devices to transfer funds. More specifically, the present disclosure relates to systems and methods for enabling individuals to use their electronic devices to transfer funds, purchase products and services. Payments for products and services are often completed using credit cards, debit cards, checks, or cash. At the same time, most people carry some type of mobile handheld electronic device, such as a cellular phone, smart phone, mobile handheld wireless e-mail device, personal digital assistant, portable gaming devices, and so on. Most of these devices tend to have a wireless Internet connection. A person may wish to make payments to merchants or other individuals using these mobile devices. Likewise, a person may wish to transfer funds to other individuals using their mobile devices. Enhanced systems and methods of facilitating such transactions would be desirable.

PATENT: Digital contracts in blockchain environments; US 11,295,296 B2; 4/5/2022; CPC G06Q 20/367; 9 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: Digital or "smart" contracts execute in a blockchain environment. Any entity (whether public or private) may specify a digital contract via a contract identifier in a blockchain. Because there may be many digital contracts offered as virtual services, the contract identifier uniquely identifies a particular digital contract offered by a virtual machine, vendor or supplier. The blockchain is thus not burdened with the programming code that is required to execute the digital contract. The blockchain need only include or specify the contract identifier (and perhaps one or more contractual parameters), thus greatly simplifying the blockchain and reducing its size (in bytes) and processing requirements.

PATENT: Systems and methods for pushing usable objects and third-party provisioning to a mobile wallet; US 11,295,297 B1; 4/5/2022; CPC G06Q 20/3674; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-implemented method includes receiving, by a mobile wallet computing system, information relating to a usable object from a party and provisioning, by the mobile wallet computing system, the usable object to a mobile wallet associated with a user. The computer-implemented method further includes receiving, by the mobile wallet computing system, one or more rules relating to the usable object from the party, wherein the one or more rules define an activation condition for the usable object such that when the activation condition is fulfilled the usable object is active in the mobile wallet of the user; determining, by the mobile wallet computing system, whether the activation condition is fulfilled; and in response to the activation condition for the usable object being fulfilled, activating, by the mobile wallet computing system, the usable object in the mobile wallet of the user.

PATENT: Network system and method for transferring cryptocurrencies between a user account and a receiving account; US 11,295,302 B2; 4/5/2022; CPC G06Q 20/3829; 18 claims; assigned to IBM.

ABSTRACT: A user computing device generates a token while the user computing device is in an offline mode and not connected to an external network. The token includes information of an amount of cryptocurrency to be transferred from a user account to a receiving account and information of a first password for enabling the transfer. The token is signed by the user computing device with a private key while in the offline mode and the signed token is stored by the user computing device on a portable device. A receiving device receiving the signed token from the portable user storage device, authenticates a user corresponding to the user account based on the signed token, receives a second password, compares the first and second passwords for enabling the transfer, and transfers the amount of cryptocurrency from the user account to the receiving account based on the information included in the token.

PATENT: Method, apparatus and electronic device for blockchain transactions; US 11,295,303 B2; 4/5/2022; CPC G06Q 20/389; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A method comprises: selecting one or more blockchain assets from a remitter's blockchain account according to a transaction amount of a transaction to be remitted from the remitter's blockchain account into a receiver's blockchain account, wherein a total asset amount represented by the selected one or more blockchain assets is not less than the transaction amount, and a commitment of an individual asset amount represented by each of the selected one or more blockchain assets is recorded in a blockchain; generating a commitment of the transaction amount; and submitting to the blockchain the transaction comprising information of the selected one or more blockchain assets and the commitment of the transaction amount, for the selected one or more blockchain assets to be removed from the remitter's blockchain account and one or more blockchain assets corresponding to the commitment of the transaction amount to be added to the receiver's blockchain account.

PATENT: Systems and methods for provisioning cryptographic digital assets for blockchain-secured retail products; US 11,295,318 B2; 4/5/2022; CPC G06Q 30/0185; 17 claims; assigned to Nike, Inc.

ABSTRACT: Presented are cryptographic digital assets for retail products, methods for making/using such cryptographic digital assets, and computing systems for generating, intermingling, and exchanging blockchain-protected products. A method for provisioning cryptographic digital assets associated with retail product transfers includes broadcasting notifications of a future transaction of a retail product, and receiving, over a distributed computing network from the computing devices of multiple users, requests to participate in the transaction. A select number of users is added to a virtual line associated with the retail product transaction; from the virtual line, a first user is selected to receive the retail product and a second user is selected to receive a cryptographic digital asset containing a digital retail product and a unique digital asset code. The cryptographic digital asset is transferred to the second user's digital wallet, and the unique digital asset code is recorded on a record block of a blockchain ledger.

PATENT: System and method for a mobile wallet; US 11,295,333 B1; 4/5/2022; CPC G06Q 30/0215; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-implemented method performed by one or more processors of a mobile wallet computer system is provided. The method comprises providing, by an offer engine of the mobile wallet computer system, an offer to a mobile device of a user. The offer is presented based on a geographic location of the mobile device. The method further comprises generating, by a code generator of the mobile wallet computer system, an offer code for the mobile device of the user for providing to a merchant. The generating including embedding the geographic location of the mobile device into the offer code. The method further comprises sending, by network interface logic of the mobile wallet computer system, the offer code to the mobile device.

PATENT: Nested conditions for blockchain-enforced contracts; US 11,295,359 B1; 4/5/2022; CPC G06Q 30/0215; 16 claims; assigned to Block, Inc.

ABSTRACT: In one embodiment, a method includes receiving one or more selected options for one or more of multiple contract conditions generated based on transaction information associated with a request to create a blockchain-related invoice and generating instructions for a blockchain-enforced contract based on the transaction information and the one or more selected options. The instructions for the blockchain-enforced contract correspond to a first nested contract including a first contract condition required for a transfer of a value and a second nested contract including a second contract condition required for at least a partial reversal of the transfer of the value. The method also includes, in response to receiving an input regarding the second contract condition, cause the instructions for the blockchain-enforced contract to be executed on a blockchain network.

PATENT: Methods, apparatus, and systems for processing data transactions; US 11,295,383 B2; 4/5/2022; CPC G06Q 40/04; 16 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: Blockchain-based property repair; US 11,295,402 B2; 4/5/2022; CPC G06Q 50/163; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: Aspects of the disclosure relate to a blockchain-based approach for managing repair of physical property items. Any full node computing device in a network, including a physical property management computing platform, may register a physical property item onto a blockchain associated with the physical property item. The computing platform may further register one or more users onto this blockchain so that the registered users can use the physical property item. As one or more users use the physical property item, the computing platform may receive real-time usage information and may notify the owner of the physical property item when the item needs to be repaired or replaced. The computing platform may then execute an event based on a response to this notification.

March 29, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Mobile wallet account balance systems and methods; US 11,288,660 B1; 3/29/2022; CPC G06Q 20/367; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer system accesses a database to retrieve account balance information for an account held by a user at a financial institution. The computer system generates a screen display to present to the user via a mobile device. The screen display shows the account balance information. The computer system receives, via the mobile device, an indication from the user that the user wishes to perform a mobile wallet transaction to transfer funds to a recipient. The computer system transmits the funds to the recipient responsive to receiving the indication.

PATENT: TAAS for delay tolerant blockchain networks; US 11,288,665 B2; 3/29/2022; CPC G06Q 20/389; 20 claims; assigned to Ford Global Technologies, LLC.

ABSTRACT: A blockchain block generated by one or more blockchain nodes when the one or more blockchain nodes are only connected to a local area network is received, and the blockchain block is synchronized with a blockchain. After determining that a backhaul network device is not connected to the one or more blockchain nodes and then determining that the backhaul network device is connected to the one or more blockchain nodes, the blockchain is transmitted to the one or more blockchain nodes via the backhaul network device upon determining that the backhaul network device is connected to the one or more blockchain nodes.

PATENT: System and method for real-time processing of on-line financial transactions using a universal financial token and a remotely located rule-module clearinghouse; US 11,288,666 B1; 3/29/2022; CPC G06Q 20/40; 14 claims; assigned to Edge Mobile Payments LLC.

ABSTRACT: A method and a system for conducting financial transactions that include a user selecting from a plurality of proprietary financial accounts to authorize processing of a real-time, on-line electronic financial transaction using only one universal financial token and a remotely located rule-module clearinghouse. The universal financial token is a portable wireless proximity token for universal financial account access having dedicated short range contactless communications capabilities and is encoded with a user's unique user code. The rule-module clearinghouse contains at least one rule-module registered to a user which includes at least one pattern data of a user associated with at least one execution command of the user.

PATENT: Frictionless token based blockchain; US 11,288,669 B1; 3/29/2022; CPC G06Q 20/401; 16 claims; assigned to Project Noa, Inc.

ABSTRACT: Described herein is a relationship based fulfillment system. Such a system may provide on-demand product fulfillment by personal and/or social contacts of a purchaser. The system may utilize the personal contacts and/or relationships of a user, as indicated through various contact databases or social groups of the user, to connect the user to various potential partners for providing relationship based fulfillment of products that are purchased by the user or performance of other relationship based services. Furthermore, the system described herein may allow for the utilization of one or more currencies, such as cryptocurrencies, within the system. Techniques are described herein to allow for the utilization of such currencies in a resource efficient manner.

PATENT: Blockchain-based shared appreciation note; US 11,288,736 B1; 3/29/2022; CPC G06Q 40/025; 35 claims; assigned to Homium, LLC.

ABSTRACT: Blockchain-based systems and methods related to creating and distributing cryptographically secure, digital tokens representing equity in assets corresponding to loan agreements. The system may comprise a transaction interface portal configured to collect and manage information pertaining to the origination of a loan agreement or a token transaction agreement. The system may include an underwriting smart contract configured to autonomously verify the value of an asset corresponding to a loan origination based at least partially on information not originating on the blockchain. The system may deliver tokens through a programmable escrow wallet configured to deliver tokens to buyers upon the satisfaction of encoded regulatory criterion. The system may be configured to determine the price of one or more tokens before delivery and adjust the price based at least on the appreciating value of the assets corresponding to the loan agreements and the number of tokens retired by the system.

PATENT: Central limit order book automatic triangulation system; US 11,288,739 B2; 3/29/2022; CPC G06Q 40/04; 14 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: The disclosed embodiments relate to systems and methods for triangulation of options and futures. An exchange receives a volatility quoted order. The system attempts to match the order within a volatility order book. If there is a match, the system attempts to mitigate the risk of the order by implying an order into the futures market. If there is not a match, the system implies an order into a premium quoted option order book. The exchange automatically maintains the order based on changes in the underlying futures market and a stored quoting model.

PATENT: Hybrid cross-margining; US 11,288,742 B2; 3/29/2022; CPC G06Q 40/04; 24 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: System and method for displaying trading data; US 11,288,743 B2; 3/29/2022; 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: Systems and methods for coordinating processing of scheduled instructions across multiple components; US 11,288,744 B2; 3/29/2022; CPC G06Q 40/04; 21 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: The disclosed embodiments relate to implementation of a trading system or trading system architecture having multiple transaction processors that execute financial transactions as well as scheduled tasks. The multiple transaction processors perform all actions independently of each other, but can be configured to execute the financial transactions or scheduled tasks in a controlled, coordinated, and/or synchronized manner based on time signal data augmented to the financial transactions or scheduled tasks by a transaction receiver/orderer.

PATENT: Trading orders with decaying reserves; US 11,288,745 B2; 3/29/2022; CPC G06Q 40/04; 20 claims; assigned to BGC Partners, Inc.

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

March 22, 2022

Total CPC G06Q Subclass (business methods) patents issued:  158

Financial industry business method patents reviewed herein:   10

PATENT: Transaction account data maintenance using blockchain; US 11,282,076 B2; 3/22/2022; CPC G06Q 20/3872; 20 claims; assigned to American Express Travel Related Services Company, Inc.

ABSTRACT: Systems and methods for the maintenance of merchant-stored transaction account data are disclosed. The system may include various merchant systems and issuer systems in communication via a blockchain network. The system provides a process for collaboration between various issuer systems and merchant systems to update and maintain merchant-stored transaction account data in response to changes, cancellations, updates, or the like in various stored transaction account.

PATENT: Transaction auditing using token extraction and model matching; US 11,282,078 B2; 3/22/2022; CPC G06Q 20/40; 17 claims; assigned to SAP SE.

ABSTRACT: The present disclosure involves systems, software, and computer implemented methods for transaction auditing. One example method includes receiving text submitted with a request. Token values are automatically extracted for selected token types from the text using a machine learning model. Tokens are identified in the text, and for each token, features and a token type of the token are determined, along with a score that indicates a likelihood that the token has the token type. A token value is extracted for the token from the text. Extracted token values are compared to request data values. A request value for the selected token type is identified in the data values for each selected token type. The extracted token value for each selected token type is compared to the request value. An audit alert is generated in response to determining that an extracted token value does not match a corresponding request value.

PATENT: Electronic payment service processing; US 11,282,080 B2; 3/22/2022; CPC G06Q 20/401; 21 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Implementations of electronic payment service processing methods and devices are disclosed. In an implementation, a server receives a first information set for performing an electronic payment, where the first information set includes payment information of a first payment option and service information for performing the electronic payment. The server may determine that the electronic payment has not been successfully performed. In response to determining that the electronic payment has not been successfully performed, a one-click payment link associated with payment information of a second payment option and the service information is generated, and the one-click payment link is provided to a mobile computing device.

PATENT: Methods and systems for providing media asset recommendations based on distributed blockchain analysis; US 11,282,123 B2; 3/22/2022; CPC G06Q 30/0631; 21 claims; assigned to Ravi Guides, Inc.

ABSTRACT: Systems and methods are described for providing media recommendation to a user based on analyzing a blockchain ledger. A user interest score that represents interest of the user in media assets associated with a first keyword is stored. A blockchain ledger is accessed. The blockchain ledger includes multiple blocks, each block identifying: (1) a media asset; (2) a seller user; and (3) buyer user. A blockchain ledger is searched to find a block that: (1) identifies a first media asset that comprises metadata which includes the first keyword; and (2) identifies the user as the seller. The user interest score is then reduced based on such a block being found. A media asset recommendation is then provided to the user based on the user interest score.

PATENT: Onboarding quasi-customers in a disaster zone; US 11,282,135 B2; 3/22/2022; CPC G06Q 40/02; 17 claims; assigned to Bank of America.

ABSTRACT EXCERPT: A method for securely launching a temporary financial system nested within a permanent financial system, for a locale impacted by a disaster event is provided. The method may include receiving profile-data associated with a new-quasi-user. The method may include storing the profile-data in an account profile. The method may further include analyzing the profile-data. The method may further include authenticating the new-quasi-user based on the analyzing of the profile-data.

PATENT: AI system for processing historical data to identify and reconfigure prescheduled, suboptimal events; US 11,282,136 B2; 3/22/2022; CPC G06Q 40/02; 20 claims; assigned to Bank of America.

ABSTRACT: An entity may generate generic notifications for transmittal to a plurality of customers. One of the notifications may not be properly customized for a customer to whom the notification is scheduled for deployment. A system is provided that generates and refines generic notifications using artificial intelligence ("AI"). The system may include an application server running an AI engine for periodically monitoring, at a given point in time, historical customer data relating to less than a predetermined number of customers to ensure reduced, relative to a predetermined baseline, processing usage. The AI engine may determine, during the monitoring, that notifications transmitted by the platform to one of the customers have failed to elicit a positive response from the customer. The determination may prompt the AI engine to put the generic notification on hold for the customer and to perform additional steps to alter the generic notification to a targeted notification.

PATENT: Secure element method for distributed electronic ledger; US 11,282,137 B2; 3/22/2022; CPC G06Q 40/04; 21 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: A device has a secure element including a memory that stores at least one address, a set of rules, and a state of an asset. A processor is configured for receiving a request to change the state of the asset associated with the address, validating the request in the case where changing the state of the asset according to the request complies with the set of rules, and invalidating the request in the case where changing the state of the asset according to the request violates the set of rules. A communications module is coupled to the secure element for transmitting information responsive to the request to a distributed network of peer processors for recording a change in the state of the asset in a distributed electronic ledger in the case where the secure element validates the request.

PATENT: Systems, methods, and program products for verifying digital assets held in a custodial digital asset wallet; US 11,282,139 B1; 3/22/2022; CPC G06Q 40/04; 24 claims; assigned to Gemini IP, LLC.

ABSTRACT: An exemplary method includes generating, by a trust computer system, script instructions to carry out a transaction involving one or more digital wallets held in a trust custody account so as to verify control of digital assets held in the one or more digital wallets, the trust computer system being operatively connected to a decentralized digital asset network that uses a decentralized electronic ledger in the form of a blockchain maintained by a plurality of computer systems to track asset ownership and/or transactions in a digital asset system, and generating script instructions includes accessing a statement associated with an event that occurred within a predetermined time frame, and generating, by the trust computer system, based on the script instructions, a transaction that involves a zero net payment from the account along with the statement, and payment of a transaction fee from a separate operating account.

PATENT: System and method for coalescing market data at a client device; US 11,282,141 B2; 3/22/2022; CPC G06Q 40/04; 11 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A client device coalesces data received from an exchange, and provides a client application such as a graphical user interface with the opportunity to process fewer, but up-to-date, data updates from an exchange when a large volume of prices becomes available. Accordingly, the trader can be assured of receiving updated information that are fed to the client applications at a rate that is cohesive with that client device's processing speed.

PATENT: Employment status detection based on transaction information; US 11,282,147 B2; 3/22/2022; CPC G06Q 40/12; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: An income analysis platform may receive information associated with employment-related activity of a user, wherein the employment-related activity is associated with an employment status of the user. The income analysis platform may analyze, using an employment analysis model, the information to determine the employment status of the user. The income analysis platform may determine, based on the information and using the employment analysis model, that there is a change in the employment status of the user.

March 15, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Mint-and-burn blockchain-based feedback-communication protocol; US 11,276,014 B2; 3/15/2022; CPC G06Q 10/02; 38 claims; assigned to Rofkin, Inc.

ABSTRACT: Described processes include: obtaining a first amount of cryptographic tokens transferred to burn addresses by members of a first set of entities; determining a second amount of instances of the first type of cryptographic token to be minted; determining portions of the second amount of instances of the first type of cryptographic token to be allocated to members of a second set of entities, wherein: the portions are determined based on effects determined to be caused by members of the second set of entities on performance of a computer-implemented network in which both the first set of entities and the second set of entities participate, and the effects on network performance are quantified by metrics reported by members of the first set of entities; appending to the first distributed ledger, records indicating the respective portions are transferred to respective accounts of corresponding members of the second set of entities.

PATENT: Providing augmented reality user interfaces for automated teller machine transactions; US 11,276,050 B1; 3/15/2022; CPC G06Q 20/1085; 38 claims; assigned to Bank of America.

ABSTRACT: Aspects of the disclosure relate to providing augmented reality user interfaces for ATM transactions. In some embodiments, a computing platform may receive presence information indicating that a mobile computing device is within a predetermined distance of a first ATM at a first location, authenticate a user of the mobile computing device to an online banking account, and generate a transaction-specific device identifier that uniquely identifies the first ATM at the first location. Thereafter, the computing platform may generate and send an augmented reality user interface to the mobile computing device, prompting the user to use the mobile computing device to capture the transaction-specific device identifier. Based on verifying that the user is authorized to perform a transaction at the first ATM, the computing platform may cause an NFC connection to be established between the mobile computing device and the first ATM, via which the transaction may be conducted.

PATENT: Integration of payment processing platform with payment making platform for differentiated payment allocations using cryptocurrency; US 11,276,054 B1; 3/15/2022; CPC G06Q 20/223; 20 claims; assigned to Block, Inc.

ABSTRACT: Techniques for integrating a payment processing platform (PPP) and a payment making platform (PMP) for differentiated payment allocations using cryptocurrency is described. In response to an indication to allocate a first portion of funds generated from payment received for transaction(s) processed by the PPP to a cryptocurrency wallet account for a user, the PMP can receive a request for first account information associated with the cryptocurrency wallet account. The PMP can send the first account information to the PPP, wherein the first account information is associated with second account information of a merchant account of the user. The PMP can receive, from the PPP, a request to deposit a first portion of the funds into the cryptocurrency wallet account, wherein a second portion of funds is retained by the PPP for deposit into the merchant account as fiat currency.

PATENT: Cash delivery service; US 11,276,054 B1; 3/15/2022; CPC G06Q 20/3223; 10 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: The innovation disclosed and claimed herein, in one aspect thereof, comprises systems and methods of delivering cash to a subscriber of a cash delivery service by way of a courier. In another aspect, collection of cash from a subscriber by a courier is contemplated. Conversely, the subscriber prearranging to pick up cash at a kiosk is contemplated. For these and like embodiments, network servers host a cash delivery application and users/couriers utilize the application as clients.

PATENT: Digital contracts in blockchain environments; US 11,276,056 B2; 3/15/2022; CPC G06Q 20/367; 10 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: Digital or "smart" contracts execute in a blockchain environment. Any entity (whether public or private) may specify a digital contract via a contract identifier in a blockchain. Because there may be many digital contracts offered as services, the contract identifier uniquely identifies a particular digital contract offered by a vendor or supplier. The blockchain is thus not burdened with the programming code that is required to execute the digital contract. The blockchain need only include or specify the contract identifier (and perhaps one or more contractual parameters), thus greatly simplifying the blockchain and reducing its size (in bytes) and processing requirements.

PATENT: Data protection with translation; US 11,276,058 B2; 3/15/2022; CPC G06Q 20/3823; 20 claims; assigned to Visa International Service Association.

ABSTRACT: Systems and methods are disclosed in which data associated with a transaction are protected with encryption. At an access device, a PIN associated with a payment account may be encrypted with a first key derived from an initial key of the access device and sensitive data associated with the payment account may be encrypted with a second key derived from the initial key. At a secure module associated with a host server encrypted sensitive data of an authorization request message may be decrypted. The secure module associated with the host server can re-encrypt the sensitive data using a zone encryption key associated with a payment processing network. A translated authorization request message including the re-encrypted sensitive data can be transmitted by the merchant server to the payment processing network.

PATENT: Transferring operations based on blockchain smart contract; US 11,276,060 B2; 3/15/2022; CPC G06Q 20/389; 18 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT EXCERPT: Implementations of this specification provide a system and method for performing transfer operations based on a blockchain smart contract. An example method includes: determining, by a transferor client device, a transferee account, a transfer amount, and at least one expense asset, and constructing and submitting a transfer transaction to a blockchain network.

PATENT: Augmented reality security applications; US 11,276,062 B1; 3/15/2022; CPC G06Q 20/4014; 8 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method implemented on an augmented reality electronic device includes establishing a wireless connection with an automated teller machine (ATM). The AR electronic device is used to authenticate a user of the AR electronic device at the ATM. An initiation is permitted of a financial transaction through user interface functionality for the ATM that is displayed on the AR electronic device. Financial information for the financial transaction is displayed on a display screen of the AR electronic device, instead of displaying the financial information at the ATM.

PATENT: System and method for linking bill payment service with remittance; US 11,276,063 B2; 3/15/2022; CPC G06Q 20/40145; 1 claim; 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: Active malfeasance examination and detection based on dynamic graph network flow analysis; US 11,276,064 B2; 3/15/2022; CPC G06Q 20/4016; 20 claims; assigned to Bank of America.

ABSTRACT: Embodiments of the present invention provide a system for active malfeasance examination and detection based on dynamic graph network flow analysis. The system is typically configured for extracting resource distribution information for a plurality of resource pools, generating a dynamic graph comprising a plurality of nodes and a plurality of edges, calculating custom reputation values for each of the plurality of nodes, identifying a first node of the plurality of nodes comprising a custom reputation value associated with a malfeasance, identifying a user associated with the first node and identify user information associated with the user, communicating a resource distribution request to the user based on the identified user information, receiving an acceptance of the resource distribution request from a computing device of the user, and executing one or more remediation actions on one or more resource pools of the user.

March 8, 2022

Total CPC G06Q Subclass (business methods) patents issued:  171

Financial industry business method patents reviewed herein:   10

PATENT: Utilizing blockchain technology with mobile robotic machines; US 11,270,238 B2; 3/8/2022; CPC G06Q 10/063114; 15 claims; assigned to Kyndryl, Inc.

ABSTRACT: Utilizing blockchain ledgers with mobile robotic machines is provided. A first digital certificate is assigned to a requesting entity. The first digital certificate identifies the requesting entity within a network. A request is generated for performance of a task by a mobile robotic machine. Generating the request includes: requesting the mobile robotic machine to perform the task; receiving an acceptance of the task from the mobile robotic machine; and assigning a second digital certificate to the mobile robotic machine. The second digital certificate is signed using the first digital certificate and indicates that the mobile robotic machine is authorized to perform the task. A public key of the second digital certificate is posted to member entities of the network where other member entities responsible for an item corresponding to the task are able to use the public key to confirm authorization of the mobile robotic machine to perform the task.

PATENT: System and method for forecasting deliveries via blockchain smart contracts; US 11,270,245 B2; 3/8/2022; CPC G06Q 10/0832; 10 claims; assigned to Walmart Apollo, LLC.

ABSTRACT: A supply chain forecasting system with blockchain controls is discussed. The supply chain forecasting system can include a central computing system communicating with a third party computing system. The central computing system and third party computing system can initiate, adjust, and fulfill smart contracts associated with the delivery of physical objects using blockchain controls.

PATENT: Blockchain-based crowdsourced initiatives tracking system; US 11,270,263 B2; 3/8/2022; CPC G06Q 10/101; 13 claims; assigned to Netspective Communications LLC.

ABSTRACT EXCERPT: An embodiment herein provides a blockchain configured crowdsourced initiatives exchange ecosystem that includes a plurality of computing terminals associated with respective plurality of innovators which serve as sources of initiatives identified as innovations and respective sub-innovations. The ecosystem includes a distributed trusted ledgers system, a computing device communicatively connected to the plurality of computing terminals and configured to access the plurality of computing terminals and monitor the innovations, and a processing circuit that includes an initiatives tracking device that tracks the innovations associated with the plurality of computing terminals.

PATENT: Mobile wallet using math based currency systems and methods; US 11,270,263 B2; 3/8/2022; CPC G06Q 10/101; 13 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A mobile wallet computer system may send a token to a customer computing device to share the token with a recipient computer system in exchange for payment for a service or a good. The mobile wallet computer system may receive, the token, a recipient public key associated with a MBC account of the recipient, and a transaction amount. The mobile wallet computer system determines whether the recipient public key is registered with the mobile wallet computer system. The mobile wallet computer system updates a ledger that lists a MBC balance of the MBC account of the recipient and the ledger that lists the MBC balance of the customer or transmits, to MBC processing nodes, a request to transfer the amount of MBC in a pooled MBC account of a financial institution to the MBC account of the recipient.

PATENT: Systems and methods for blockchain-based payments; US 11,270,276 B2; 3/8/2022; CPC G06Q 20/102; 20 claims; assigned to State Farm Mutual Automobile Insurance Company.

ABSTRACT: Methods and systems for processing a blockchain comprising a plurality of immutable insurance policy payment records corresponding to insurance policies are provided. According to certain aspects, a transaction request indicating a policy payment for an insurance policy may be received at a first node. A block including an insurance policy payment record indicating the policy payment may be added to a blockchain and transmitted to another node for validation. The first node may add the block to a copy of the blockchain, where the block may be identified by a hash value that references a previous block in the blockchain that includes at least one additional insurance policy payment record.

PATENT: Digital currency mining circuitry; US 11,270,298 B2; 3/8/2022; CPC G06Q 20/3827; 20 claims; assigned to 21, Inc.

ABSTRACT: Mining circuitry may be used to mine digital currency such as bitcoins by computing solutions to a cryptographic puzzle. Successful computation of a solution to the cryptographic puzzle may provide a reward of the digital currency. The mining circuitry may partition the mined reward between a first digital wallet and a second digital wallet. The first digital wallet may be user-provided, whereas the second digital wallet may be hardcoded into the dedicated mining circuitry. The mining circuitry may include control circuitry and multiple processing core circuits. The control circuitry may control the processing cores to solve the cryptographic puzzle via exhaustive search over possible inputs to the cryptographic puzzle.

PATENT: Methods and systems of using a cryptocurrency system to manage payments and payment alternatives; US 11,270,299 B2; 3/8/2022; CPC G06Q 20/3829; 20 claims; assigned to Visa International Service Association.

ABSTRACT: Embodiments of the present invention are directed to methods and systems for the efficient management of a digital currency system using a cryptocurrency scheme. Embodiments utilize a payment processor computer to manage entities in the digital currency system, which have the rights to generate, distribute, transact with, and redeem units of a digital currency. In some embodiments, the digital currency may represent points in a loyalty program operated by an entity or organization. Transactions performed using the digital currency and rules governing the digital currency can be tracked and maintained in a master ledger maintained by the payment processor computer, and distributed as sub-ledgers to other entities within the digital currency system.

PATENT: Decentralized computer systems and methods for efficient transaction dispute management using blockchain; US 11,270,300 B1; 3/8/2022; CPC G06Q 20/3829; 16 claims; assigned to Worldplay, LLC.

ABSTRACT: Decentralized computer systems and methods are disclosed for efficient transaction dispute management using blockchain. One method includes: receiving transaction information of a transaction, wherein the transaction information includes (1) an identifier of an issuer of a payment source account, (2) an identifier of an acquirer of a payment account of a merchant, and (3) the amount of resources to be applied in the transaction; generating a blockchain entry that stores the received transaction information in a shared ledger to participants of the blockchain; receiving in the shared ledger, from a participant, (1) an indication of a dispute of the transaction information, and (2) a proposed change to the transaction information; prompting the participants of the blockchain to respond to the indication of the dispute; if one of the participants denies the proposed change, executing a dispute settlement process to determine a revised transaction information.

PATENT: Cryptocurrency-based event participation verification; US 11,270,303 B2; 3/8/2022; CPC G06Q 20/401; 14 claims; assigned to Fujitsu Limited.

ABSTRACT: A method of participation verification includes generating sets of cryptocurrency coins (coin sets). The coin sets have cryptocurrency coins and correlate to events for which participation is verified. The method includes generating user keys including unique public keys for each user and user secret keys. The method includes assigning a public key to a user, communicating the assigned public key to a user device and enabling download of a verification application. The method includes receiving a first coin request that includes identification of a first coin set, the assigned public key, and a data set. The method includes verifying user participation in an event based on the data set. The method includes executing a cryptocurrency transaction with the user device. The cryptocurrency transaction including public validation of a transfer of a cryptocurrency coin from the identified coin set to the user device via an append-only ledger.

PATENT: Blockchain-based transaction processing method and apparatus, and electronic device; US 11,270,307 B2; 3/8/2022; CPC G06Q 20/401; 14 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A computer-implemented method for processing blockchain-based transactions, the computer-implemented method including: receiving a target transaction initiated by a member node device in a blockchain, wherein the target transaction comprises a unique identifier of the target transaction; querying a transaction idempotent table on the block chain to determine whether the transaction idempotent table has stored a transaction idempotent record corresponding to the unique identifier of the target transaction; and in response to determining that the transaction idempotent table has not stored the transaction idempotent record corresponding to the unique identifier of the target transaction, recording the target transaction in a candidate block on the blockchain.

March 1, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain-based information processing method and apparatus, and device; US 11,263,569 B2; 3/1/2022; CPC G06Q 10/06; 24 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: The present specification discloses blockchain-based information processing methods, apparatus, and devices. The blockchain-based information processing method includes: obtaining tree-structured data describing target relationships from a blockchain; obtaining service data of a ith-level target in the tree-structured data describing target relationships from the blockchain, where i is a positive integer; and executing a smart contract used for resource allocation, to allocate resources to each ith-level target based on a resource allocation scheme that is in the smart contract and that corresponds to the service data of each of the one or more ith-level targets.

PATENT: Systems and methods for streamlining credit and/or debit card transactions utilizing blockchain supported credit tokens and/or debit tokens; US 11,263,604 B2; 3/1/2022; CPC G06Q 20/065; 30 claims; assigned to TraDove, Inc.

ABSTRACT: Systems and methods are provided for processing credit token and debit token based transactions in a blockchain supported network.

PATENT: Parent level token issuance for asynchronous data processing based on device trust levels; US 11,263,621 B2; 3/1/2022; CPC G06Q 20/3674; 20 claims; assigned to PayPal, Inc.

ABSTRACT: There are provided systems and methods for parent level token issuance for asynchronous data processing based on device trust levels. Two devices may interact enough that they develop a trust rating between the two devices that the devices are trusted for transaction processing and resolution. In order to provide asynchronous transaction processing without requiring a token service provider or transaction processor, a parent level token may be issued to the devices by a token service provider based on the trust rating. The devices may receive child level tokens from the parent token, while the parent token is stored by the transaction processor. The child level tokens may allow the devices and transaction processor to trust the devices to process and resolve transaction processing without availing the token service provider for token issuance.

PATENT: Computer-implemented system and method for determining the state of a machine executable contract implemented using a blockchain; US 11,263,622 B2; 3/1/2022; CPC G06Q 20/3678; 20 claims; assigned to nChain Licensing AG.

ABSTRACT EXCERPT: Computer-implemented systems and methods are detailed for establishing information on states of a machine executable contract, for instance in the context of unspent transactions (UTXOs), blockchain and deterministic finite automaton (DFA) implementation of contracts and the determination of states within those. The stages can include determining the information of interest and the codes or tags identifying that information, constructing the metadata associated with those codes or tags, combining that with a public key for an agent that will be associated with the information.

PATENT: Method and apparatus for grouping transactions in blockchain; US 11,263,623 B1; 3/1/2022; CPC G06Q 20/38215; 20 claims; assigned to Alipay (Hangzhou) Information Technology Co., Ltd.

ABSTRACT: Implementations of the present specification provide a method and an apparatus for grouping transactions in a blockchain. The method includes: obtaining a first transaction in multiple transactions; obtaining a first variable accessed in the first transaction; reading a first value of a first belonging variable corresponding to the first variable; reading a first value of a first associated variable corresponding to the first transaction; if the first value of the first belonging variable is a numbering value of a second transaction in the multiple transactions, recording an association relationship between the first transaction and the second transaction in the associative array by performing an atomic comparative change operation on an atomic variable in an associative array; and grouping the multiple transactions based on the associative array.

PATENT: Information sharing methods, apparatuses, and devices; US 11,263,632 B1; 3/1/2022; CPC G06Q 20/4014; 20 claims; assigned to Alipay (Hangzhou) Information Technology Co., Ltd.

ABSTRACT: Examples in this application disclose an information sharing methods, media, and systems. One example method includes receiving, by a trusted execution environment (TEE), a user verification result acquisition request from a first institution, where the user verification result acquisition request is configured to request a verification result associated with a user, receiving first encrypted data of the user from a second institution, decrypting the first encrypted data to obtain first user basic data, receiving second encrypted data of the user from a trusted institution, decrypting the second encrypted data of the user to obtain second user basic data, in response to the user verification result acquisition request, determining the verification result of the user to indicate whether the first user basic data matches the second user basic data, and sending the verification result of the user to the first institution.

PATENT: Central risk pricing system and method; US 11,263,693 B1; 3/1/2022; CPC G06Q 40/04; 20 claims; assigned to Fannie Mae.

ABSTRACT EXCERPT: A pricing administration and calculation tool comprises user interface logic, pricing administration logic and pricing calculation logic that cooperates with the user interface logic to generate display screens configured to receive user inputs specifying credit guarantee pricing and user inputs specifying terms and conditions for mortgage backed security (MBS) loan commitments.

PATENT: System, method, and computer-readable medium for improving the efficiency and stability of financial markets; US 11,263,694 B2; 3/1/2022; CPC G06Q 40/04; 20 claims; assigned to Tamer Trading Technologies LLC.

ABSTRACT: A method to assist in the operation of a financial market. The method including receiving one or more transaction messages, where the one or more transaction messages include one or more orders or order commitments to be executed on the financial market; imposing one or more delays on the one or more orders or order commitments using a delay algorithm; processing the one or more order or order commitments by opening the one or more transaction messages after the one or more delays; matching the opened orders or order commitments; and executing the matched orders or order commitments.

PATENT: Methods and systems for low latency generation and distribution of trading signals from financial market data; US 11,263,695 B2; 3/1/2022; CPC G06Q 40/04; 35 claims; assigned to Exegy Incorporated.

ABSTRACT: Systems and methods are disclosed herein that compute trading signals with low latency and high throughput using highly parallelized compute resources such as integrated circuits, reconfigurable logic devices, graphics processor units (GPUs), multi-core general purpose processors, and/or chip multi-processors (CMPs). Examples of trading signals that can be computed in this fashion include a liquidity indicator that indicates a presence of a reserve order for a financial instrument, a liquidity estimation that estimates an amount of hidden liquidity for a financial instrument, a quote price stability estimation that estimates a duration of time for which a price quote for a financial instrument will be valid, and/or a quote price direction estimation that estimates whether the price in a next quote for a financial instrument will be higher or lower than the price for that financial instrument in the current quote.

PATENT: Method and system for making a targeted offer to an audience; US 11,263,705 B2; 3/1/2022; CPC G06Q 50/01; 18 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: A method for making a targeted offer to an audience of a population of entities (e.g., social network). The method involves retrieving, from one or more databases, a first set of information including activities and characteristics attributable to a first plurality of entities; generating a plurality of interaction associations based on at least one of selected activities criteria and selected characteristics criteria from the first set of information; and conveying to a third party one or more interaction associations to enable the third party to identify a second set of information including activities and characteristics attributable to a second plurality of entities.

February 22, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for cryptocurrency asset bundles; US 11,257,050 B2; 2/22/2022; CPC G06Q 20/065; 20 claims; assigned to Coinbase, Inc.

ABSTRACT: Systems and methods for managing bundles of cryptocurrency assets.

PATENT: Computer-implemented system and method for generating and extracting user related data stored on a blockchain; US 11,257,070 B2; 2/22/2022; CPC G06Q 20/36; 28 claims; assigned to nChain Licensing AG.

ABSTRACT: A system and method for providing reputational information on users involved in transactions is detailed. The method includes evaluating fulfilment of transactions, particularly in the context of contracts, and providing a record of that on a blockchain through reputational information, which can be retrieved later. Similar reputational information for other transactions can be retrieved and linked to the same user, based on a hash of a master public key for a user. Aggregate reputational information can be computed from pieces of reputational information retrieved. The evaluation and record provision can be implemented using a deterministic finite automaton (DFA). For each user involved in each contract, the DFA not only configures and allows for implementation of the contract, but also considers the extent of fulfilment of the contract's terms. The DFA generates reputational information in relation to each user in each contract, and this reputational information is published to and stored on the blockchain.

PATENT: Transaction risk based token; US 11,257,074 B2; 2/22/2022; CPC G06Q 20/3823; 12 claims; assigned to Visa International Service Association.

ABSTRACT: Embodiments of the invention provision multiple payment tokens on a communication device. The communication device may be provisioned with multiple limited use keys (LUK), each LUK being associated with a specific type of transaction. When the communication device is used for a transaction, the communication device automatically determines a type of the transaction and selects an appropriate LUK based on the determined transaction type. The selected LUK may be used to create a cryptogram, which can be used to verify the transaction.

PATENT: Blockchain system for confidential and anonymous smart contracts; US 11,257,077 B2; 2/22/2022; CPC G06Q 20/383; 17 claims; assigned to Visa International Service Association.

ABSTRACT: Blockchain-based, smart contract platforms have great promise to remove trust and add transparency to distributed applications. However, this benefit often comes at the cost of greatly reduced privacy. Techniques for implementing a privacy-preserving smart contract is described. The system can keep accounts private while not losing functionality and with only a limited performance overhead. This is achieved by building a confidential and anonymous token on top of a cryptocurrency. Multiple complex applications can also be built using the smart contract system.

PATENT: Method and system for utilizing blockchain and telecom network for two factor authentication and enhancing security; US 11,257,078 B2; 2/22/2022; CPC G06Q 20/385; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for conveying a one-time password using blockchain includes: receiving proposed transaction data from a merchant system including payment credentials, receiving account details, and a transaction amount; identifying user account data associated with the payment credentials including an account identifier; identifying a one-time password; transmitting the one-time password and account identifier to a third party system; receiving a data identification value from an external computing device; identifying a blockchain data value included in a blockchain including a password value based on the received data identification value; validating, the identified one-time password based on the password value; and initiating payment of the transaction amount from a first transaction account associated with the payment credentials to a second transaction account associated with the receiving account details upon validation of the identified one-time password.

PATENT: Systems, methods, and interfaces for smart contract based exchanges via a blockchain; US 11,257,079 B2; 2/22/2022; CPC G06Q 20/389; 14 claims; assigned to Banco Bilbao Vizcaya Argentaria, S.A.

ABSTRACT: An exemplary system includes a blockchain system that includes a blockchain, a smart contract template, and a smart contract generated based on the smart contract template, the smart contract executable to facilitate, by way of the blockchain, exchanges between parties to the smart contract. The system further includes an interface system communicatively coupled to the blockchain system and configured to perform a set of operations to provide an interface to the blockchain system, the set of operations including receiving a user input from an application executed on a user computing device, translating the user input to a call to the blockchain system, and issuing the call to the blockchain system. The blockchain system is configured to perform, based on the call and the smart contract, an action on the blockchain that represents an exchange between the parties to the smart contract.

PATENT: Integrating a blockchain ledger with an application external to the blockchain ledger; US 11,257,081 B2; 2/22/2022; CPC G06Q 20/401; 23 claims; assigned to Oracle International Corporation.

ABSTRACT: Integrating a blockchain ledger with an application external to the blockchain ledger is disclosed. A first method determines a state, to be written to a blockchain ledger, based on a contract transaction. A second method determines a state, to be written to the blockchain ledger, based on an adapter transaction. The first method includes an invocation of the second method. The second method verifies whether the adapter transaction includes a particular set of information associated with a particular application. If the adapter transaction includes the particular set of information, then both the contract transaction and the adapter transaction are committed to the blockchain ledger. If the adapter transaction does not include the particular set of information, then neither the contract transaction nor the adapter transaction are committed to the blockchain ledger. The state determined based on the adapter transaction is used to update the particular application.

PATENT: Cryptographic taint tracking; US 11,257,089 B2; 2/22/2022; CPC G06Q 20/4016; 3 claims; assigned to DMG Blockchain Solutions Inc.

ABSTRACT: A method for detecting and tracking tainted cryptographic wallets. The method measures a wallet's propensity to engage in criminal or suspicious activity. Naturally, transacting with a criminal is tantamount either to funding crime or laundering its proceeds, so it is in our collective interest to identify--and then monitor or quarantine--any wallet with criminal association. The method also automatically flags risky withdrawal requests in real-time for further review before committing them to the blockchain. In some embodiments, the exchange can quarantine wallets at a certain Walletscore.

PATENT: Event processing method, apparatus and electronic device based on blockchain technology; US 11,257,093 B2; 2/22/2022; CPC G06Q 20/405; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: One or more embodiments of the specification provide a method, apparatus, and non-transitory computer-readable storage medium for processing an event involving a plurality of users in a blockchain. The method may include: receiving descriptive information of a remittance event relaying a remittance from a remitter to a recipient through one or more relays; verifying the one or more encrypted fields in the descriptive information; submitting triggering information after the verification succeeds, wherein the submission of the triggering information triggers a smart contract in the blockchain to generate a mark for the remittance event; querying the smart contract in the blockchain; determining, based on the query, that the mark has been generated for each of the one or more relays; and updating a balance of a blockchain account based on a corresponding homomorphic commitment of the one or more homomorphic commitments.

PATENT: Method and system for review verification and trustworthiness scoring via blockchain; US 11,257,130 B2; 2/22/2022; CPC G06Q 30/0282; 14 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for immutability of review verifications includes: storing a blockchain; receiving a review submission from a reviewer about an entity comprising feedback; identifying a review identifier unique to the review submission; generating a new review block for the blockchain including the review submission including the review identifier; receiving verification submissions from other reviewers about the review submission indicating positive or negative verification of the review submission; generating verification blocks for the blockchain that include the verification submissions; adding a trustworthiness block to the blockchain for the review once enough positive verifications are received; and adding a trustworthiness block to the blockchain for the reviewer once they have enough trustworthy reviews.

February 15, 2022

Total CPC G06Q Subclass (business methods) patents issued:  182

Financial industry business method patents reviewed herein:   10

PATENT: Token check offline; US 11,250,391 B2; 2/15/2022; CPC G06Q 20/0457; 24 claims; assigned to Visa International Service Association.

ABSTRACT: Embodiments are directed to a method comprising, obtaining, by a first device, a first token, the first token associated with an amount of funds and a funds availability starting date. After the first token is obtained by the first device, the first device generates a second token linked to the first token and second token generation data. The second token generation data may include evidence that the second token was generated by the first device, and not another device. The second token generation data could be a first device identifier and the second token generation details, or could be a hashed value of the first device identifier and the second token generation details. The method also includes provisioning, by the first device, the second token and the second token generation data to the second device.

PATENT: Method and system for blockchain-based gemstone ownership, identity, custody, supply-chain transfer, trading, and secure payments; US 11,250,391 B2; 2/15/2022; CPC G06Q 20/0457; 24 claims.

ABSTRACT: A method of issuing blockchain-based digital certificates associated with a gemstone comprising receiving from a user a plurality of gemstone records, each record of the plurality of gemstone records comprising a characteristic indicator associated with a gemstone, receiving from the user meta-information related to the plurality of gemstone records, applying a hashing function to each record of the plurality of gemstone records, generating a plurality of fingerprints, generating a hash tree from the plurality of fingerprints, the hash tree comprising a root hash, recording to a digital certificate gemstone smart contract deployed at a digital certificate gemstone smart contract address on a first blockchain network the root hash and the received meta-information, and signing the digital certificate gemstone smart contract with an issuer signature.

PATENT: Blockchain-based transaction processing methods and apparatuses and electronic devices; US 11,250,395 B2; 2/15/2022; CPC G06Q 20/0658; 24 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Embodiments of the present specification provide example blockchain-based data processing methods, mediums, and systems. One example method includes obtaining an available Nonce record for a target transaction from a Nonce list. The Nonce list comprises Nonce records, and each Nonce record comprises a version identifier of the Nonce list and a Nonce value. The available Nonce record to the target transaction is added. The target transaction in a blockchain is published. Prompt information indicating that the target transaction is an invalid transaction is received when a version identifier in the available Nonce record does not match the version identifier of the Nonce list; or a notification message indicating that the target transaction is processed is received when the version identifier in the available Nonce record matches the version identifier of the Nonce list and a replay attack detection is successfully performed by matching the available Nonce record with a Nonce record in the Nonce list.

PATENT: Watch skins selection application with blockchain token; US 11,250,399 B2; 2/15/2022; CPC G06Q 20/123; 20 claims; assigned to Watch Skins Corporation.

ABSTRACT: Electronic watch faces can be created in customized and associated with a block chain system. More particularly, the block chain's system uses non-fungible tokens which are in general unique, to represent the ownership of a specific watch face. Users own the token and can display the watch face only while they own the token. After selling the watch face, the token is changed to represent the new owner of the token and the original owner can no longer display the watch face at that point.

PATENT: Systems and methods for creating subtokens using primary tokens; US 11,250,424 B2; 2/15/2022; CPC G06Q 20/383; 21 claims; assigned to Visa International Service Association.

ABSTRACT: According to one embodiment of the invention, a subtoken corresponding to a primary token is generated. The primary token corresponds to a credential. The credential may be, for example, a primary account number (PAN) corresponding to a payment account. The subtoken may be a temporary, one-time use subtoken based on a primary token associated with the credential that allows a user to conduct a transaction from his or her account, while still providing security for the user's sensitive data. The subtoken may contain a header and an obfuscated portion. The header of the subtoken routes the subtoken to the entity issuing the subtoken for translation into the primary token. The obfuscated portion acts as a pointer to the primary token and data associated with the primary token. A same check digit may be included in the subtoken, the primary token, and the credential, in order to ensure that the transaction is not improperly denied.

PATENT: Blockchain-based reimbursement splitting; US 11,250,438 B2; 2/15/2022; CPC G06Q 20/405; 17 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: This disclosure relates to blockchain-based reimbursement. In some aspects, a network node on a blockchain network receives a target transaction. The target transaction includes a target electronic bill identifier. In response to receiving the target transaction, expense splitting logic is invoked. The expense splitting logic is specified in a smart contract deployed on the blockchain Respective expense splitting notes are generated based on the expense splitting logic and an unreimbursed amount included in reimbursement information that is stored in the blockchain and that corresponds to the target electronic bill identifier. The respective expense splitting notes are broadcasted to the blockchain for storage.

PATENT: Blockchain-based resource value evaluation methods and apparatus; US 11,250,481 B2; 2/15/2022; CPC G06Q 30/0278; 12 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A method for dynamically evaluating a resource value is described. Data encoding one or more parameters related to the resource value is accessed, where the one or more parameters are monitored by a plurality of sensors that form an Internet of Things (IoT) and then released by the IoT of the plurality of sensors on a blockchain network. At least one parameter from the data is compared with a predetermined threshold value or a predetermined threshold range. In response to determining that the at least one parameter has exceeded the predetermined threshold value or the predetermined threshold range, a calculation of the resource value is triggered according to evaluation logic described by a smart contract released on the blockchain network in association with the one or more parameters being monitored, such that a consensus is reached on the blockchain network regarding the resource value that has been calculated.

PATENT: Filtering digital images stored on a blockchain database; US 11,250,485 B2; 2/15/2022; CPC G06Q 30/0625; 14 claims; assigned to IBM.

ABSTRACT: A system and method for filtering digital images stored on a blockchain database to locate one or more specific digital images from a corpus of digital images from an event includes receiving a search criteria from a user for searching through the corpus of digital images stored on the blockchain database, filtering the corpus of digital images stored on the blockchain database based on the plurality of factors that match the search criteria, locating the one or more specific digital photographs that match the search criteria among the corpus of digital images stored on the blockchain database, as a function of the filtering, presenting the one or more specific digital photographs to the user for selection and purchase of the one or more specific digital photographs, and processing a purchase order for the one or more specific digital photographs selected for purchase by the user.

PATENT: System and method for performing social media cryptocurrency transactions; US 11,250,493 B2; 2/15/2022; CPC G06Q 30/0633; 8 claims; assigned to Monticello Enterprises LLC.

ABSTRACT: A method includes receiving, at a social media software module operating on a user device, input from a first user associated with a payment from the first user to a second user, wherein the social media software module provides a social media interaction which enables communication between the first user and the second user, receiving, in connection with use of the social media software module for the social media interaction, a payment authorization from the first user for the payment to the second user and initiating, from the social media software module and based on the payment authorization, a blockchain-based payment from the first user to the second user. This approach incorporates a cryptocurrency wallet into a social media application to reduce friction and enable easy payments between users of the social media application using a cryptocurrency for at least part of the transfer of value from one user to another.

PATENT: Trusted tokenized transactions in a blockchain system; US 11,250,507 B2; 2/15/2022; CPC G06Q 40/04; 19 claims; assigned to Apifiny Group Inc.

ABSTRACT: Embodiments relate to providing trusted tokenized transactions in a blockchain system. In one embodiment, a tokenization request may include identification information. A fiduciary server may apply a cryptographic private key to a hash of the identification information to generate a digital signature. An exchange server may cause a transmission of the digital signature to a blockchain. The blockchain includes a set of code instructions that verify the digital signature. The verification may include applying the public key corresponding to the cryptographic private key to decrypt the digital signature to re-generate the hash of the identification information. The hash may ensure the integrity of the identification information. The code instructions recorded on the blockchain, when executed, cause a computer to generate a blockchain unit. The tokenized transactions are traceable to the digital signature of the fiduciary server. This may provide a trusted transaction for users of the blockchain regarding the tokenized transactions.

February 8, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Methods and systems for managing financial institution customer accounts; US 11,244,289 B2; 2/8/2022; CPC G06Q 20/04; 8 claims; assigned to Citicorp Credit Services, Inc.

ABSTRACT EXCERPT: A computer-implemented method and system for managing financial institution customer transaction accounts involves issuing a relationship presentment card with a relationship identifier unique to the customer that is linked to a plurality of the customer's financial institution transaction accounts via pre-defined parameters for determining to which of the customer's linked accounts to post particular transactions with the relationship presentment card.

PATENT: Systems, methods, and storage media for pre-approving onboarding to a payment platform; US 11,244,290 B1; 2/8/2022; CPC G06Q 20/06; 24 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Systems, methods, and storage media for pre-approving onboarding to a payment platform, executing on a processing device are disclosed. Exemplary implementations may: access a node network; determine a first business entity associated with a first node of the plurality of nodes is not a member of a payment platform; determine a total strength of connections of the first node to one or more nodes of the plurality of nodes exceeds a predetermined threshold value; and flag the first node of the plurality of nodes for an offer of onboarding to the payment platform consequent to determining the total strength of connections of the first node to the one or more nodes of the plurality of nodes exceeds the predetermined threshold value.

PATENT: Method and system for allocating virtual articles; US 11,244,291 B2; 2/8/2022; CPC G06Q 20/0655; 9 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A method for allocating virtual articles comprises: receiving at least two acquisition requests directed at a virtual article packet, and respectively recording receiving times of the acquisition requests, wherein the virtual article packet comprises one or more virtual article sub-packets; allocating acquisition sequence numbers respectively to the acquisition requests according to a sequential order of the receiving times of the acquisition requests; and allocating the virtual article sub-packets according to the acquisition sequence numbers for the acquisition requests corresponding to the acquisition sequence numbers, and sending virtual articles in the virtual article sub-packets to users corresponding to the acquisition requests.

PATENT: Methods and systems for recording multiple transactions on a blockchain; US 11,244,292 B2; 2/8/2022; CPC G06Q 20/0658; 13 claims; assigned to nChain Holdings Limited.

ABSTRACT: A method and system of recording multiple transactions between a multiple of users on a blockchain, including a first transaction from a first user to a second user and a second transaction from the second user to the first user. The blockchain may be, for example, the Bitcoin blockchain. The method may include receiving a first request from a first node associated with the first user to transfer a first quantity of cryptocurrency associated with the first transaction and receiving a second request from a second node to transfer a second quantity associated with the second transaction. The first transaction is conditional on receiving the second request and the second transaction is conditional on receiving the first request. The method also includes verifying the first request and second request that includes determining both the conditional steps of receiving the first request and second request are satisfied. Based on verifying the first request and second request, the method includes sending a data output to the blockchain to record the transfers of cryptocurrency associated with the first and second transactions.

PATENT: Method for paying cost of IoT device based on blockchain and Merkle tree structure related thereto, and server, service providing terminal, and digital wallet using the same; US 11,244,295 B2; 2/8/2022; CPC G06Q 20/102 31 claims; assigned to Coinplug, Inc.

ABSTRACT: A method of a payment for an Internet of Things (IoT) device is provided. The method includes steps of: a payment supporting server (a) on condition that the payment supporting server has registered certificates of the IoT device, a service providing device, and a digital wallet in a first blockchain, manages their transaction IDs, has registered a representative hash value in a second blockchain, manages their transaction IDs, and manages link information between the IoT device and the digital wallet, confirming validity of a billing transaction, and (b) acquiring identification information on the digital wallet; and (c) paying the billing detail using the digital wallet, registering its payment result in the first blockchain, registering in the second blockchain, if one anchoring condition is satisfied, a first representative hash value, and transmitting the payment result to the service providing device, the IoT device, and the digital wallet.

PATENT: Systems and methods for near-field communication token activation; US 11,244,297 B1; 2/8/2022; CPC G06Q 20/1085; 12 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: An automated teller machine includes a near-field communication ("NFC") device, a networking interface configured to communicate data via a network, a display device configured to present information to a customer, and an input/output device configured to exchange data with the customer. The automated teller machine further includes a processing circuit including a processor and a memory, the memory structured to store instructions that are executable by the processor. The instructions cause the processing circuit to establish an NFC session with a mobile device of the customer, the mobile device having a mobile wallet, the mobile wallet including an inactive payment token representing a payment card held by the customer. The instructions further cause the processing circuit to receive at least one authentication credential relating to the payment card from the customer, verify the at least one authentication credential, and activate the inactive payment token.

PATENT: Tokenizing a primary account number prior to transmission to a terminal; US 11,244,305 B2; 2/8/2022; CPC G06Q 20/3672; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: In some implementations, a transaction card may receive transaction data from a transaction terminal based on initiation of a transaction with the transaction terminal; generate a tokenized primary account number, for use with the transaction, based on the transaction data and an actual primary account number of the transaction card; and transmit the tokenized primary account number to the transaction terminal for processing the transaction.

PATENT: Method, apparatus and electronic device for blockchain transactions; US 11,244,306 B2; 2/8/2022; CPC G06Q 20/3676; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Embodiments of the application provide a method, apparatus, and electronic device for implementing blockchain-based transactions. The method comprises: determining a transaction amount to be remitted from a remitter's blockchain account into a receiver's blockchain account, wherein a commitment of the remitter's balance is recorded with the remitter's blockchain account in a blockchain, a commitment of the receiver's balance is recorded with the receiver's blockchain account in the blockchain; obtaining a commitment of the transaction amount by using the homomorphic encryption algorithm according to the transaction amount; and submitting to the blockchain a transaction comprising information of the remitter's and the receiver's blockchain accounts, and the commitment of the transaction amount, for the commitment of the transaction amount to be deducted from the commitment of the remitter's balance and the commitment of the transaction amount to be added to the commitment of the receiver's balance.

PATENT: Real-time cryptocurrency exchange using trusted hardware; US 11,244,309 B2; 2/8/2022; CPC G06Q 20/38215; 21 claims; assigned to Cornell University.

ABSTRACT: An apparatus in an illustrative embodiment comprises a processing platform that includes one or more processing devices each comprising a processor coupled to a memory. The processing platform is configured to communicate over at least one network with one or more additional sets of processing devices associated with at least a first blockchain-based cryptocurrency system. Each of at least a subset of the one or more processing devices of the processing platform comprises a trusted execution environment, such as a secure enclave. The processing platform is further configured to release from the trusted execution environment of a given one of the one or more processing devices of the processing platform a first blockchain transaction on the first blockchain-based cryptocurrency system, and to condition release of a second blockchain transaction relating to the first blockchain transaction on receipt of at least a specified threshold amount of evidence of confirmation of the first blockchain transaction on the first blockchain-based cryptocurrency system.

PATENT: Crypto-machine learning enabled blockchain based profile pricer; US 11,244,290 B1; 2/8/2022; CPC G06Q 20/06; 24 claims; assigned to Bank of America Corporation.

ABSTRACT: Methods and systems for a crypto-machine learning enabled blockchain based profile pricer are described herein. In one example, computer-readable instructions are stored in memory, and one or more processors execute the instructions to determine requested information for a user that can be displayed on a user interface in real-time or near real-time of the user's request. In addition, the provided data can be customized for the user based on a user profile stored in the memory as well as based on third party data stored in a database of related information. The data is communicated to the user using blockchains. At least some advantages of such an arrangement are providing requested data to a user, for display on a user interface, in a transparent, secure, and timely manner.

February 1, 2022

Total CPC G06Q Subclass (business methods) patents issued:  178

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain system and method with secure cryptoassets; US 11,238,419 B2; 2/1/2022; CPC G06Q 20/065; 8 claims; assigned to Chicago Healthcare Holdings, LLC.

DESCRIPTION: Some blockchain platforms, like BitCoin or Ethereum, have their own cryptocurrency that is used with the platform. Other blockchain platforms, such as the Intel.RTM. Hyperledger Sawtooth blockchain platform, do not have a cryptocurrency. However, it is often desirable for a network of an entity to use the blockchain platform for various transactions across industries and monetary transfer will play an essential role in the network's operations. Thus, even for a blockchain platform that does not have a cryptocurrency, it is desirable to be able to provide a secure cryptoasset component (to provide security for any cryptocurrency) on top of any blockchain platform, including platforms that do not have a cryptocurrency. Thus, a technical problem with current blockchain platforms is that the cryptoassets are not secure enough and thus it is desirable to be able to provide a secure cryptoasset component and it is to this end that the disclosure is directed.

PATENT: System and method for secure transactions to transmit cryptocurrency; US 11,238,428 B1; 2/1/2022; CPC G06Q 20/223; 21 claims; assigned to Marvell Asia Pte, Ltd.

ABSTRACT: The present invention is directed to an optical module based on silicon photonics. The optical module provides a cyptocurrency wallet stored in a memory resource and includes an optical communication block with a direct-to-cloud interface for connecting to entities in a cloud infrastructure. The optical module further includes an application block to enable a cryptocurrency transaction via the direct-to-cloud interface. The optical module is configured to be an optical Quantum Key Generation Distribution device using a quantum key generation encryption protocol to encrypt a private key protected transaction in an encrypted transaction envelope. Furthermore, the optical module includes an external interface connecting the application block to a user/host via a physical layer to establish a secure link before executing a peer-to-peer transaction between entities in the cloud infrastructure.

PATENT: Secure crypto currency point-of-sale (POS) management; US 11,238,443 B2; 2/1/2022; CPC G06Q 20/3678; 3 claims; assigned to NCR Corporation.

ABSTRACT: A Point-Of-Sale (POS) terminal is equipped to process crypto currencies for transactions. The POS terminal generates a transaction-based digital wallet for a given transaction to receive a crypto currency payment for that given transaction. The transaction-based digital wallet, funded with the crypto currency for the given transaction, is transferred to a retailer's server where the crypto currency is transferred from the transaction-based digital wallet to a retailer's digital wallet for eventual exchange to a government issued currency.

PATENT: Secure and trusted cryptocurrency acceptance system; US 11,238,444 B2; 2/1/2022; CPC G06Q 20/381; 14 claims; assigned to Flexa Network Inc.

ABSTRACT: A method includes initiating, by a payor computing device, a financial transaction to send payment of a particular amount to a payee computing device using a first cryptocurrency. The payee computing device accepts a desired currency. The method further includes placing a hold on an amount of collateral cryptocurrency based on a request to process the financial transaction. The method further includes sending, by the payor computing device, a first amount of the first cryptocurrency equal to the particular amount to the cryptocurrency acceptance network computing device, converting, by a cryptocurrency exchange device, the first amount of the first cryptocurrency to an amount of the desired currency equal to the particular amount, and sending the amount of the desired currency to a payee banking computing device. The method further includes seeking a desired number of confirmations of the first amount of the first cryptocurrency from a consensus network. When the desired number of confirmations is completed, the method further includes releasing the hold on the amount of the collateral cryptocurrency.

PATENT: Systems and methods for substitute controlled-use tokens in secure network transactions; US 11,238,446 B2; 2/1/2022; CPC G06Q 20/382; 20 claims; assigned to Worldplay, LLC.

ABSTRACT: Methods and systems are disclosed for enabling the creation of substitute low-value token creation, comprising providing software content to a content delivery network wherein, when transmitted to a user browser, the software content is configured to enable the user browser to create a substitute low-value token if a token service is unavailable, wherein the content delivery network is configured to provide the software content to at least one user browser, and receiving the substitute low-value token from a merchant system, the substitute low-value token having been generated by the user browser in response to the user browser being unable to obtain a low-value token from the token service.

PATENT: Blockchain transactions with ring signatures; US 11,238,447 B2; 2/1/2022; CPC G06Q 20/3825; 19 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A method includes: determining, by a computing device communicably coupled to a blockchain network, participants in a remittance transaction, in which each participant has a corresponding account in a blockchain ledger of the blockchain network, and in which each account includes one or more assets; assembling the remittance transaction based on one or more to-be-spent assets of the one or more assets in an account corresponding to a real remitter, one or more covered assets of the one or more assets in an account corresponding to a fake remitter, and one or more encrypted transfer amounts; generating a linkable ring signature for the remittance transaction based on a private key held by the real remitter, a public key held by the real remitter, and a public key held by the fake remitter; and submitting the remittance transaction and the linkable ring signature to the blockchain network for completion.

PATENT: Computer-implemented systems and methods to enable complex functionality on a blockchain while preserving security-based restrictions on script size and opcode limits; US 11,238,450 B2; 2/1/2022; CPC G06Q 20/401; 20 claims; assigned to nChain Licensing AG.

DESCRIPTION: This invention relates generally to blockchain technology, and more particularly to implementing complex functionality via the blockchain. Advantageously, the invention allows for the outcome of a computation or executed code to be transferred one to the other, providing a mechanism which uses blockchain transactions as a control mechanism for enabling, influencing and directing the activities of a computer-implemented process. The invention is particularly suited for, but not limited to, the implementation and control of automated processes.

PATENT: Blockchain-based platform for monetizing social media following; US 11,238,476 B2; 2/1/2022; CPC G06Q 30/0209; 30 claims.

ABSTRACT: Disclosed are a blockchain-based platform and methods for monetizing a social media following. An example method may commence with receiving content associated with an object of a social media following. The content may be received from at least one content source. The method may further include aggregating the content received from the at least one content source. The method may continue with gamifying the aggregated content to facilitate interactions of at least one fan of the object of the social media following with the aggregated content. The method may further include awarding at least one virtual asset to the at least one fan based on the interactions with the aggregated content. The method may continue with securely storing transactions associated with the at least one virtual asset to a blockchain and facilitating exchange of the at least one virtual asset for a currency.

PATENT: Optimized electronic match engine with external generation of market data using a minimum data set; US 11,238,533 B2; 2/1/2022; CPC G06Q 40/04; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods are provided for an optimized electronic match engine of an exchange is disclosed that distributes a minimum data set to an external market data generation (MDG) processor. The optimized electronic match engine derives a minimum data set from data already known to the optimized electronic match engine. The MDG processor may extract the minimum data set and uses it to generate market data outside of the optimized electronic match engine. In some examples, an order entry (OE) message transmitted from the optimized electronic match engine may be appended with the minimum data set in a simple binary encoding (SBE) format.

PATENT: Stock trading platform with social network sentiment; US 11,238,535 B1; 2/1/2022; CPC G06Q 40/04; 17 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: The innovation disclosed and claimed herein, in one aspect thereof, comprises systems and methods of stock trading using social network sentiment. The system and method can receive a trading order entry for a stock asset having at least one condition to execute, wherein the at least one condition to execute is based on a social network sentiment. The system and method monitors the stock asset for conditions to execute and monitors a tracking social network sentiment of the stock asset. The system and method can determine if the conditions to execute satisfied. The system and method can execute a stock trade according to the trading order entry based on the determination.

January 25, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Cryptocurrency verification system; US 11,232,414 B2; 1/25/2022; CPC G06Q 20/065; 12 claims; assigned to Raise Marketplact Inc.

ABSTRACT: A machine and process for making and for using a machine. The process includes receiving, by the computer over a network, a notification of a payment comprising an amount of cryptocurrency and a first cryptocurrency address, and effectuating, by the computer, the purchase by using the amount and the cryptocurrency address from which a first public key can be derived, and applying the computer system to verifying that a digitally represented human or entity purporting to have made a purchase with cryptocurrency is entitled to obtain value for the purchase.

PATENT: Method for cryptographically managing title transactions; US 11,232,415 B2; 1/25/2022; CPC G06Q 20/0655; 17 claims; assigned to OX Labs Inc.

ABSTRACT: A method for encrypting paper title assets to crypto currency and transferring title is disclosed. The method involves the use of application software and a physical vault. Application software including an encryption engine, a decryption engine, a user interface module, records, and a security key management system. Paper title assets are provided to a physical vault and transferred physically at the behest of users of the application software and verified by public ledger records.

PATENT: Local edge-node server; US 11,232,416 B2; 1/25/2022; CPC G06Q 20/10; 6 claims; assigned to Bank of America Corporation.

ABSTRACT: This application describes apparatus and methods for distributing computing resources using edge-computing. Apparatus may include an edge node that is positioned in a target geographic region. The edge-node may include information needed to process transactions that occur locally in the target geographic region. The edge-node may process the transaction without communicating with a central server. The edge-node may support processing transactions on behalf of a variety of financial institutions and merchant processing systems. Processing the transaction locally may reduce computational resources typically required by region server to process high volumes of transactions. The edge-nodes would process transactions locally, close to a location of at least one party to the transaction.

PATENT: Back-up sentinel network for a blockchain distribution network; US 11,232,417 B2; 1/25/2022; CPC G06Q 20/102; 17 claims; assigned to Northwestern University.

ABSTRACT: A peer node in a blockchain distribution network includes a processor configured to generate a blockchain, where the blockchain includes information regarding a plurality of transactions. The processor is also configured to determine that the peer node is being discriminated against with respect to blockchain transmissions by one or more central servers of the blockchain distribution network. The processor is further configured to determine, based at least in part on the determination that the peer node is being discriminated against, that one or more servers in a sentinel network are to be used for blockchain transmissions instead of the one or more central servers. The peer node further comprises a transceiver operatively coupled to the processor and configured to transmit the blockchain through the sentinel network.

PATENT: Automated data tokenization through networked sensors; US 11,232,429 B2; 1/25/2022; CPC G06Q 20/32; 20 claims; assigned to PayPal, Inc.

ABSTRACT: There are provided systems and methods for automated data tokenization through networked sensors. A network of data sensors may detect that a user is likely to engage in electronic transaction processing with a merchant device, for example, based on an action performed by the user and/or with a user device. One or more of the sensors may connect with the user's device and retrieve financial data from the device and/or data necessary to issue a token to the device for transaction processing. The sensor may perform a background process to issue the token to the device, and once onboarded, may store the token to the user's device and/or the merchant device that the user is likely to interact with for transaction processing. The token may be limited in use by location and/or amount, or may be used to fully onboard the user with the token service provider.

PATENT: Mobile wallet registration via on-line banking; US 11,232,433 B1; 1/25/2022; CPC G06Q 20/36; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method for separately registering a user and a mobile device for use of a mobile wallet account includes registering, by a registration terminal of a mobile wallet provider, a user for use of the mobile wallet account, including assigning one or more user-provided settings to the mobile wallet account. The method also includes receiving, by a computing system of the mobile wallet provider, a request from a mobile device to register the mobile device for use as a mobile wallet, identifying, by the computing system, the mobile wallet account of the registered user based on the request, and registering, by the computing system, the mobile device for use of the identified mobile wallet account, including associating the one or more user-provided settings with use of the mobile device.

PATENT: Transaction token issuing authorities; US 11,232,437 B2; 1/25/2022; CPC G06Q 20/3674; 20 claims; assigned to PayPal, Inc.

DESCRIPTION: Embodiments of the present invention relate to systems, methods, processes, computer program code, and means for conducting transactions. More particularly, some embodiments relate to systems, methods, processes, computer program code and means for operating a mobile device to conduct transactions with merchants, services providers and other devices (such as automated teller machines or "ATMs"). Pursuant to some embodiments, systems, methods, processes, computer program code and means for operating a mobile device to conduct a transaction includes determining a transaction token issuing authority associated with a merchant or point of transaction such that the mobile device may communicate with the appropriate entity (or entities) to conduct a transaction.

PATENT: Cryptologic coordinated symmetric conditional key release; US 11,232,441 B2; 1/25/2022; CPC G06Q 20/3829; 17 claims; assigned to Accenture Global Solutions Limited.

ABSTRACT: A system supports symmetric release of cryptologically-locked asset transactions. A leading exchange party and a reciprocal exchange party establish, at least in part, a peer challenge in a pre-exchange proposal. The reciprocal party uses the peer challenge to lock a cryptologically-locked asset transaction. The solution to the peer challenge corresponds to an exchange key controlled by the leading exchange party. The cryptologically-locked asset transaction call for solution of the peer challenge and signature of the transaction by exchange logic as conditions of release of the cryptologically-locked asset transaction. The exchange logic may execute a symmetric release of the exchange key and/or signature to the reciprocal exchange party and cryptologically-locked asset transaction (such that the asset is transferred to the leading exchange party).

PATENT: Recovering encrypted transaction information in blockchain confidential transactions; US 11,232,442 B2; 1/25/2022; CPC G06Q 20/389; 10 claims; assigned to Advanced New Technologies Co. Ltd.

ABSTRACT: Implementations of the present disclosure include receiving a content of a confidential transaction of a client node, by a consensus node of a blockchain network, wherein the content of the confidential transaction includes one or more commitment values of the confidential transaction generated by the client node by applying a cryptographic commitment scheme to transaction data of the confidential transaction, and encrypted transaction information generated by encrypting the transaction data using a secret key of the client node, wherein a secret key is obtained by the client node according to a threshold secret sharing scheme with a plurality of client nodes, and one or more zero-knowledge proofs of the transaction data; verifying that the confidential transaction is valid based on the content of the confidential transaction; and storing the encrypted transaction information on a blockchain of the blockchain network.

PATENT: Methods, systems, and tools for providing tax related services for virtual currency holdings; US 11,232,521 B2; 1/25/2022; CPC G06Q 40/123; 20 claims; assigned to Lukka, Inc.

ABSTRACT: Technology is directed to tools for providing tax related services for virtual currency holdings, e.g., bitcoin holdings. The tax related services can include computation of taxes such as income tax, sales tax, and payroll tax for virtual currency holdings. The services can also include facilitating filing of the taxes with the concerned department. The tool can include a computing device configured to execute a tax application for computing the taxes on virtual currency holdings. The user provides information on a source of virtual currency transactions, e.g., an address of a bitcoin wallet, to the tax application, and the tax application retrieves the transactions from the source. The tax application categorizes the transactions into various transaction types and identifies the taxable and/or non-taxable transactions. The gain/loss and the associated tax are computed for the taxable transactions using one or more cost-basis methods.

January 18, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for using a transaction to collect additional transaction information; US 11,227,260 B2; 1/18/2022; CPC G06Q 10/107; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: The method may include: receiving transaction information indicating that a transaction of one or more products and/or services has been made by a user from a merchant; when the transaction information is received, scanning a user e-mail account to identify a receipt for the transaction within an e-mail of the user e-mail account, wherein the receipt is indicative of a transaction price; when the receipt for the transaction is identified: extracting information of the one or more products and/or services from the receipt; and based on the extracted information, automatically generating and submitting a price adjustment claim for the one or more products and/or services when a price lower than the transaction price is found; and when the receipt for the transaction cannot be identified: automatically submitting information about a missing receipt to a fraud system.

PATENT: Digital holding account; US 11,227,266 B2; 1/18/2022; CPC G06Q 20/10; 16 claims; assigned to Bank of America.

ABSTRACT: As the world progresses towards a cashless payment society, there has been a rise in the various forms of emerging payment technologies. Such technologies may include digital wallet payment systems. There is a need for a bridging protocol and conversion engine that would connect gaps between these various emerging payment technologies and their respective proprietary ecosystems. There is also a need for a digital holding account that provides a protective layer to fund transfers between cashless ecosystems. The digital holding account may hold and monitor currency processed by the conversion engine. Such currency would not be transferred directly into checking account. The digital holding account may be subject to rigorous validations to scrutinize the source and destination of transferred currency. Validation may include checking distributed ledger transaction records of prior transfers of the received currency.

PATENT: Method and system for consumer-initiated transactions using encrypted tokens; US 11,227,284 B2; 1/18/2022; CPC G06Q 20/3825; 20 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A method for consumer-initiated transactions with encrypted tokens includes: storing a first cryptographic key pair comprising an account public key and an account private key, a merchant public key, an account token associated with a transaction account, an account identifier, and an issuing institution identifier; receiving transaction data for a proposed payment transaction including a transaction amount; generating a transaction order including the transaction data; generating a cryptographic checksum for the generated transaction order; generating a digital signature over the cryptographic checksum using the account private key; generating a payment token including the issuing institution identifier, the account identifier, the transaction amount, and the account token; encrypting the payment token using the account private key; and transmitting the encrypted payment token and signed cryptographic checksum to a point of sale device.

PATENT: Systems and methods for user authentication using card-swipe sequence; US 11,227,289 B2; 1/18/2022; CPC G06Q 20/4093; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods for user authentication using an authentication sequence are disclosed. The disclosed systems and methods may include a computing device for authenticating a user. The computing device may include at least one processor and at least one computer-readable medium. The at least one computer-readable medium can containing instructions that, when executed by the at least one processor, cause the computing device to perform operations. The operations may include receiving an authentication sequence provided by one or more authentication objects and authenticating the user based on the authentication sequence. The authentication sequence can be a card-swipe sequence and authentication can be performed based on characteristics of the card-swipe sequence, such as the cards used, the order the cards are used in the sequence, the timing of card use, and the type of card swipe.

PATENT: Systems and methods for providing real-time payment recommendations and offers; US 11,227,301 B1; 1/18/2022; CPC G06Q 30/0215; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A computer-implemented method for providing a recommended payment account includes receiving location information from a mobile device of a user having one or more payment accounts provided by a financial institution computer system, and determining a location of the user relative to a merchant based on the location information.

PATENT: Automated lending data collection and verification system and methods; US 11,227,332 B1; 1/18/2022; CPC G06Q 40/025; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-implemented system and method receive information regarding a funds transfer from a payor to a payee. The information is received by a depository computer system. The depository computer system forwards the information regarding the funds transfer to an account verification service computer system. The depository receives an indication of a real-time account status of an account of the payor. The account status information is received from a paying bank computer system that maintains the account of the payor via the account verification service computer system. Release of the funds to the payee is authorized based on the account status information received via the account verification service computer system. The authorization occurs in real-time relative to when the funds transfer information is initially received.

PATENT: Using automated data validation in loan origination to evaluate credit worthiness and data reliability; US 11,227,333 B2; 1/18/2022; CPC G06Q 40/025; 16 claims; assigned to Fannie Mae.

ABSTRACT: A system, comprises a device including a memory with an application configured to validate data in an acquisition installed thereon, wherein the system is improved by the application being configured to electronically receive a query for a financial transaction between a first party and a second party, electronically transmit an encryption key from the second party to a third party, electronically transmit the encryption key from the second party to a data source and accessing a first set of a data associated with the financial transaction, electronically receive the first set of data associated with the financial transaction and validate the first set of data associated with the financial transaction by applying validation heuristics and output a finding report and provide the second party validation heuristic output in the finding report.

PATENT: Method and system for facilitating access to recorded data; US 11,227,334 B2; 1/18/2022; CPC G06Q 40/04; 20 claims; assigned to NASDAQ Technology AB.

ABSTRACT: The present invention relates to a method and system for facilitating access to recorded data. The system comprises an interface and a processing device. The interface is arranged to receive data and the processing device is arranged to separate the received data in data subsets, compress each data subset and assign an identifier to each compressed data subset, thereby creating data units each comprising a compressed data subset and an associated identifier, the processing device further being arranged to establish an index on the basis of the assigned identifiers.

PATENT: Deploying and implementing centralized trading and tracking computing platforms to support tri-party trading; US 11,227,336 B2; 1/18/2022; CPC G06Q 40/06; 22 claims; assigned to Bank of America.

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 discretionary and managed 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 computing platform may send the order information to a clearing entity computer system.

PATENT: Single-tier blockchain-based system and method for document transformation and accountability via different node types; US 11,227,350 B1; 1/18/2022; CPC G06Q 50/167; 21 claims; assigned to Side, Inc.

ABSTRACT: A single-tier blockchain-based method for document transformation and accountability via different node types is provided. Document templates relating to a transfer of real property are maintained. Each template includes form elements each associated with a data field identifier. A subset of the document templates are collected as transaction documents for a transaction of a real property transfer. The form elements of the transaction documents are populated with received data values via the data field identifiers of the form elements. Compliance checking is performed on the populated data values of the transaction documents. A cryptographic hash of the transaction documents is provided to a network of nodes, which includes nodes that store different types of data related to the transaction documents. The cryptographic hash of the transaction documents is committed to a blockchain stored by one or more of the nodes in the network.

January 11, 2022

Total CPC G06Q Subclass (business methods) patents issued:  102

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for routing electronic transactions using predicted authorization approval; US 11,222,317 B2; 1/11/2022; CPC G06Q 20/10; 20 claims; assigned to Worldpay, LLC.

FIELD: Various embodiments of the present disclosure relate generally to the field of routing electronic payment transactions and, more particularly, to routing electronic payment transactions using payment pseudo-networks and electronic transaction simulation based on predicted authorization approval and forecasting.

PATENT: Systems and methods for use in verifying users to service providers; US 11,222,321 B2; 1/11/2022; CPC G06Q 20/127; 19 claims; assigned to Mastercard International Incorporated.

ABSTRACT: Systems and methods are provided for verifying a user, through an account associated with the user, in connection with a subscription of the user to a service from a service provider. One exemplary system includes a memory having an account for the user, and a platform computing device coupled to and/or including the memory. The computing device is configured to receive a request from the service provider, in connection with the user subscribing to the service, and authenticate the user. When the user is authenticated, the computing device is configured to generate a subscription message for the user comprising assurance data based on the user's account, a timestamp, and an identifier associated with the user, and transmit the subscription message to the service provider, to thereby permit the service provider to rely on the assurance data to verify the user.

PATENT: Virtual currency secured physical currency transmission system; US 11,222,324 B2; 1/11/2022; CPC G06Q 20/223; 20 claims; assigned to PayPal, Inc.

ABSTRACT: Virtual currency ledger secured physical currency transmissions include receiving a physical currency transfer request from a physical currency receiver device of a physical currency receiver, and identifying a physical currency deliverer device of a physical currency deliverer. A physical currency delivery confirmation code is then associated with a recipient identified in the physical currency transfer request, and a virtual currency address controlled by the physical currency deliverer and included in a virtual currency public ledger is identified to the physical currency receiver device. A reimbursement request code is then received from the physical currency deliverer device and verified using the physical currency delivery confirmation code. In response to the verification, a multi-signature transaction that has been previously signed by the physical currency receiver is then signed to cause a virtual currency amount to be transferred via the virtual currency public ledger to the virtual currency address controlled by the physical currency deliverer.

PATENT: Systems and methods for validating customer interactions; US 11,222,326 B1; 1/11/2022; CPC G06Q 20/3274; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: A method may include generating, by a computing device, a first dynamic QR code comprising a plurality of QR code frames, each QR code frame transmitted at a first frequency, the plurality of QR code frames comprising non-viable QR code frame(s) and at least one viable QR code frame. The method may include displaying, by the computing device, the first dynamic QR code, the at least one viable QR code frame displayed at a first time. The method may include transmitting, by the computing device, a first pulse to a user device. The method may include capturing, by the user device at the first time and in response to receiving the first pulse, the at least one viable QR code frame. The method may include generating and displaying, by the user device, a second dynamic QR code, causing the computing device to complete a requested transaction.

PATENT: Resource allocation method and device, and electronic payment method; US 11,222,327 B2; 1/11/2022; CPC G06Q 20/3276; 15 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Methods, systems, and apparatus, including computer programs encoded on computer storage media, for allocating resources are provided. One of the methods includes receiving a first request from a first client for accessing a server, wherein the first request includes token information corresponding to resource information of a second client; determining, according to the token information included in the first request, the resource information of the second client corresponding to the token information; receiving resource allocation information from the first client; and allocating resource according to the resource allocation information from the first client and the resource information of the second client.

PATENT: Electronic wallet apparatus, method, and computer program product; US 11,222,329 B2; 1/11/2022; CPC G06Q 20/36; 14 claims; assigned to Mastercard International Incorporated.

ABSTRACT: Registration information for a plurality of consumers is obtained at an electronic wallet platform. A mechanism is provided to integrate the electronic wallet platform with a plurality of merchants. Via the electronic wallet platform, a given one of the consumers is afforded an option to select from multiple methods to pay for a transaction with a given one of the merchants. The multiple methods are based, at least in part, on the registration information. At least one of the multiple methods includes a virtual card number. Further steps include obtaining, from the given one of the consumers, a selection of the virtual card number for payment for the transaction; and providing the given one of the merchants with the virtual card number.

PATENT: Method and system for blockchain-based gemstone ownership, identity, custody, supply-chain transfer, trading, and secure payments; US 11,222,331 B2; 1/11/2022; CPC G06Q 20/38; 20 claims.

ABSTRACT: A blockchain-based rough gemstone planning method including scanning rough gemstones and generating one rough gemstone records, recording the rough gemstone record to a rough gemstone blockchain network, receiving a smart contract associated for each rough gemstone record, receiving virtual derivative gemstone records, generating derivative smart contracts for the virtual derivative gemstone records, sending the virtual derivative gemstone records and the derivative smart contracts to a trading network, and receiving price information associated with the virtual derivative gemstone records.

PATENT: Processing electronic payments on a mobile computer device; US 11,222,334 B2; 1/11/2022; CPC G06Q 20/4014; 14 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A device for processing electronic payments for the purchase of goods or services is provided. The device includes one or more computer processors in communication with non-transitory computer readable data storage and a display. The data storage includes instructions stored thereon that, when executed by the one or more processors, cause the device to execute a transaction process including receiving purchase data representing one or more goods or services to be purchased, receiving user input to effect a payment transaction, determining a total transaction amount from the purchase data, reading payment credentials from a purchaser's payment device, sending a payment request, receiving data representing a received one time password (OTP), sending the received OTP to the third party authorization server for authentication against a OTP sent by the third party authorization server to a mobile device, and receiving data representing successful authentication from the third party authorization server.

PATENT: Cognitive determination system connecting social network and blockchain network; US 11,222,363 B2; 1/11/2022; CPC G06Q 30/0269; 18 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of receiving an identification of vendor resources held by each of a plurality of members of a social network, extracting respective preference information of the plurality of members from web pages associated with the plurality of members on the social network, automatically determining to exchange resources of a first vendor issued to a first member of the social network with resources of a second vender issued to a second member of the social network based on extracted preference information of the first and second members, and triggering execution of the exchange of resources via one or more blockchain computing networks associated with the social network.

PATENT: System and method for managing trading orders received from market makers; US 11,222,383 B2; 1/11/2022; CPC G06Q 40/04; 7 claims; assigned to BGC Partners, L.P.

ABSTRACT: According to one embodiment, a method of managing trading is provided. A first offer for a particular instrument in a particular market is received from a first market maker at a first offer price. A first bid for the same particular instrument in the same particular market is received from a second market maker at a first bid price, the first bid price being higher than or equal to the first offer price. As a result of the first bid price being higher than or equal to the first offer price, the first offer price is automatically increased to a price higher than the first bid price such that a trade is not executed between the first offer and the first bid. In some embodiments, such method may be used to protect market makers from unwanted trades caused by inherent latency in the market makers' pricing engines and/or networks.

January 4, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Use of blockchain-based distributed ledger and smart contracts for a construction project; US 11,216,772 B2; 1/4/2022; CPC G06Q 10/0833; 14 claims; assigned to Scientia Potentia Est, LLC.

ABSTRACT EXCERPT: Exemplary embodiments may reference a record of a construction project on a blockchain-based distributed ledger. Materials arriving to the project may be recorded as part of the permanent record. The exemplary embodiments may receive or determine a construction schedule that contains full project details and sequencing, including the specification of dependencies. Smart contracts may be provided that use the blockchain-based distributed ledger for each step or task of the construction schedule.

PATENT: Systems and methods for blockchain-based payment transactions, alerts, and dispute settlement, using a blockchain interface server; US 11,216,788 B1; 1/4/2022; CPC G06Q 20/10; 19 claims; assigned to Worldpay, LLC.

ABSTRACT: Systems and methods are disclosed for blockchain-based payment transactions, alerts, and dispute settlement, using a blockchain interface server. One method includes: receiving a transaction identifier for a series of transaction events stored in a shared ledger; and performing iterations of: identifying a new transaction event in the series of transaction events; presenting the new transaction event to participants of the transaction; determining whether the identified new transaction event indicates a dispute of one or more attributes of the transaction by a transaction participant; if the identified new transaction event indicates a dispute, receiving a proposed change to the disputed attribute of the transaction by the participant of the transaction; presenting the indication of the dispute and the proposed change to other participants; prompting the other participants to respond to the indication; executing a dispute settlement process to determine revised attributes of the transaction; and presenting the revised attributes.

PATENT: Systems and methods for managing transactions by consolidating associated transactions; US 11,216,797 B2; 1/4/2022; CPC G06Q 20/29; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: 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. The method may include, in response to determining that the transaction amount is below the threshold, obtaining pending transaction information, analyzing the pending transaction information to determine whether there is at least one associated transaction associated with the transaction, and performing at least one processing action to resolve the transaction.

PATENT: Authentication token for wallet based transactions; US 11,216,803 B2; 1/4/2022; CPC G06Q 20/3674; 13 claims; assigned to Mastercard International Incorporated.

ABSTRACT: Transaction address data is received at a point of interaction (POI) device, from a payment-enabled mobile device. The transaction address data includes first address data and second address data. The first address data identifies a wallet service provider that is associated with the payment-enabled mobile device. The second address data indicates an internet address for a server function present in the payment-enabled mobile device. The first address data is used to dispatch the second address data from the POI device to the wallet service provider.

PATENT: Central registry system for cryptocurrencies; ; US 11,216,804 B2; 1/4/2022; CPC G06Q 20/3678; 12 claims.

ABSTRACT: A system and related methods for providing and operating a central registry for cryptocurrencies. A central registry communicates with user cryptocurrency wallet applications through standard protocols, thereby allowing users to easily look up wallet addresses from input in a human-readable format. A user registers a wallet address name with the registry. The user then configures the registered wallet address name to be associated with one or more cryptocurrency wallet addresses. Once configured, the user can then provide or share the registered wallet address name with other users or services.

PATENT: COIN operated digital payments hub; US 11,216,805 B2; 1/4/2022; CPC G06Q 20/382; 8 claims; assigned to ModoPayments, LLC.

ABSTRACT: A system and method are described for a COIN-based payment event data management system. The COIN can provide a consolidated source of accounting for all parties to a transaction by providing for multi-directional translation, resolution, accounting and other functions. A COIN server can interface with buyers and sellers, requesters and debtors, and other parties. The COIN server can communicate with different API's of various parties. Functionality can include means of analyzing payment and transaction behavior.

PATENT: Blockchain-based trustable guarantees; US 11,216,807 B2; 1/4/2022; CPC G06Q 20/3823; 20 claims; assigned to Alipay (Hangzhou) Information Technology Co., Ltd.

ABSTRACT: Disclosed herein are methods, systems, and apparatus, including computer programs encoded on computer storage media, for processing blockchain-based guarantee information. One of the methods includes receiving a cyphertext of a digital document specifying a guarantee and one or more zero-knowledge proofs (ZKPs) related to one or more values associated with the guarantee; verifying the one or more ZKPs; upon successfully verifying the one or more ZKPs, storing the cyphertext to a blockchain based on performing a consensus algorithm; receiving a drawdown request of the guarantee from a first computing device associated with the beneficiary or a representative of the beneficiary; storing the drawdown request to the blockchain based on performing a consensus algorithm; and delivering a first message about the drawdown request to a second computing device associated with the first guarantor.

PATENT: Token-based system for excising data from databases; US 11,216,808 B2; 1/4/2022; CPC G06Q 20/3829; 9 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: A message processing server includes a message processor, a network interface, and a memory storing a token database of multi-layer tokens. Each token in the database includes a plurality of encrypted data layers. The message processor receives, via the network interface, at least one authorization message that identifies one of the tokens, derives a first decrypted data layer from the first encrypted data layer of the token, and extracts from the first decrypted data layer a second pointer to a secondary database that stores a predetermined data value. The message processor excises the predetermined data value from the secondary database.

PATENT: Identification of anomalous transaction attributes in real-time with adaptive threshold tuning; US 11,216,816 B1; 1/4/2022; CPC G06Q 20/4016; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Identification of anomalous transaction attributes in real-time with adaptive threshold tuning is provided. A set of historical transactions conducted during a defined time period are analyzed and categorizing into defined groups. Outlier transactions are identified and removed from the set of historical transactions and a set of non-anomalous transactions are determined. When a new transaction is received, the new transaction is automatically allowed based on a determination that the subsequent transaction conforms to the set of non-anomalous transactions. Alternatively, an alert for further analysis for the new transaction is output based on a determination that the subsequent transaction does not conform to the set of non-anomalous transactions.

PATENT: Method and system for implementing a technical in intermediary tool for credit services; US 11,216,872 B1; 1/4/2022; CPC G06Q 40/025; 20 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: According to an embodiment of the present invention, an automated computer implemented system and method observes a user's actions in real-time and provides error checking and business intelligence. The system comprises a computer processor programmed to: generate, via the rules engine, a rule pack specific to a line of business, the rule pack comprising one or more rules; receive, via the interface, user interaction data in real-time, as a user interacts with the interface; apply, via the rules engine, the rule pack to the user interaction data; automatically identify at least one error in the user interaction data to address errors in credit disputes reporting; and generate a message responsive to the at least one error, the message displayed on the interface.

December 28, 2021

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

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain for asset management; US 11,210,640 B2; 12/28/2021; CPC G06Q 10/20; 20 claims; assigned to The Boeing Company.

ABSTRACT: Aspects of the present disclosure provide a method and apparatus for asset management. Embodiments include receiving a request from a user to initiate management of a new asset. Embodiments include validating the request based on one or more of a characteristic of the user, a location of the asset, funding related to the asset, or a type of the asset. Embodiments include generating a data vault for the asset, wherein the data vault comprises at least an identifier. Embodiments include identifying at least one user that is an authoritative resource associated with the asset and providing the at least one user with the identifier. Embodiments include receiving, from the at least one user, descriptive data related to the asset. Embodiments include providing the descriptive data to a data store for storage in a data store component.

PATENT: Systems, methods, and devices for secure generation and processing of data sets representing pre-funded payments; US 11,210,648 B2; 12/28/2021; CPC G06Q 20/36; 20 claims; assigned to Royal Bank of Canada.

FIELD: The present disclosure relates generally to systems, methods, and machine-interpretable programming and/or other instruction devices for the generation, transfer, storage, and other processing of secure data sets used in electronic payment transactions. In particular, the disclosure relates to the secure creation, administration, manipulation, processing, and storage of electronic data useful in processing of pre-funded (pre-paid or otherwise pre-authorized) payment transactions.

PATENT: Credit payment method and apparatus based on mobile terminal embedded secure element; US 11,210,650 B2; 12/28/2021; CPC G06Q 20/3227; 18 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Technologies related to credit payment based on a mobile terminal embedded secure element are disclosed. In an implementation, a payment request is received from a mobile computing device associated with a user account. The payment information including a payment amount is generated based on the payment request. The payment information is then sent to the mobile computing device. A payment authorization encrypted by a private key is received based on asymmetric encryption from the mobile computing device. A public key corresponding to the private key is used to verify the payment authorization, and a transaction log is generated for collecting a payment according to the payment amount if the payment authorization is successfully verified.

PATENT: Method and system for prevention of fraudulent gift cards via blockchain; US 11,210,653 B2; 12/28/2021; CPC G06Q 20/342; 12 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A method for secure usage of a gift card via blockchain includes: storing a blockchain including a specific data value related to a gift card that includes a gift card number and a first recipient address; receiving a transfer request including the gift card number, a first digital signature, and a device identifier; verifying the first recipient address based on the first digital signature; generating a new data value comprising the gift card number, the device identifier, and a second recipient address; transmitting the generated new data value to a node associated with the blockchain; receiving a redemption request from a second computing system including the gift card number, a second digital signature, and a submitted device identifier; verifying the second recipient address and submit device identifier based on the second digital signature and the device identifier, respectively; and transmitting a result of the verification to the second computing system.

PATENT: Systems and methods for multicomputer data transferring to activate contactless communication; US 11,210,654 B2; 12/28/2021; CPC G06Q 20/354; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: In one example, such a system may include at least one memory storing instructions and at least one processor configured to execute the instructions to perform one or more operations, the operations including: receiving a transaction associated with a merchant on a list of merchants stored in the at least one memory; determining, based on the merchant, a remote server associated with the merchant; assembling a data packet including an identifier of the contactless card and an identifier of the transaction; transmitting the data packet to the determined server across one or more computer networks; receiving confirmation from the determined sever in response to the data packet; and transmitting the confirmation to a user device associated with the transaction.

PATENT: System and method for providing a user-loadable stored value card; US 11,210,655 B2; 12/28/2021; CPC G06Q 20/354; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT: A system and method in accordance with example embodiments may provide a user-loadable stored value card. Additionally, a system and method in accordance with example embodiments may allow an institution to receive a user-loadable stored value card activation request from a sender, activate a user-loadable stored value card using the information received in the activation request, and provide card management capabilities to the sender.

PATENT: Obtaining a blockchain-based, real-name, electronic bill; US 11,210,660 B2; 12/28/2021; CPC G06Q 20/382; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A computer-implemented method, non-transitory, computer-readable medium, and computer-implemented system is provided for obtaining a real-name electronic bill. In response to an association operation initiated by a user for a target electronic bill, an association transaction is published that includes an identifier of the target electronic bill, where the association transaction causes a network node on the blockchain to return identity association prompt information when determining that the target electronic bill stored in the blockchain is not associated with user identity information (UII). The UII is collected when receiving the identity association prompt information. The UII is sent to the network node, where the network node verifies whether the UII matches identity information of a payment user in the target electronic bill, and after verification succeeds, publishes an association relationship between the UII and the identifier of the target electronic bill to the blockchain for storage.

PATENT: Systems and methods for amplifying the strength of cryptographic algorithms; US 11,210,664 B2; 12/28/2021; CPC G06Q 20/3829; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Example embodiments provide systems and methods for increasing the cryptographic strength of an encryption or message-authentication-code-(MAC) generation technique. According to some embodiments, a MAC may be constructed around a shared secret (such as a random initialization number), thereby increasing strength of the MAC against brute force attacks based on the size of the shared secret. The MAC may be combined with randomized data, and may also be encrypted to further bolster the strength of the code. These elements (shared secret, MAC algorithm, and encryption algorithm) may be employed in various combinations and to varying degrees, depending on the application and desired level of security.

PATENT: Managing customer uniqueness in tokenised systems; US 11,210,665 B2; 12/28/2021; CPC G06Q 20/385; 5 claims; assigned to Mastercard International Incorporated.

ABSTRACT EXCERPT: According to one aspect there is provided a method comprising a secondary payment device: receiving a device primary account number (DPAN) and a funding source proxy (FSP) derived from a funding primary account number (FPAN) of a funding source according to a predetermined algorithm; and transmitting a secondary payment device transaction request comprising said DPAN and said FSP to a payment terminal.

PATENT: System, method, and computer program product for updating and processing payment device transaction tokens; US 11,210,666 B2; 12/28/2021; CPC G06Q 20/385; 17 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Described are a system, method, and computer program product for updating and processing payment device transaction tokens. The method includes receiving an update request to update stored transaction information, the update request identifying at least one old payment device and at least one new payment device. The method also includes generating at least one new token associated with the at least one new payment device, and linking the at least one new token to at least one old token.

December 21, 2021

Total CPC G06Q Subclass (business methods) patents issued:  100

Financial industry business method patents reviewed herein:   10

PATENT: Factom protocol in blockchain environments; US 11,205,172 B2; 12/21/2021; CPC G06Q 20/367; 20 claims; assigned to Inveniam Capital Partners, Inc..

ABSTRACT: A Factom protocol cost effectively separates any blockchain (such as the Bitcoin blockchain) from any cryptocurrency (such as the Bitcoin cryptocurrency). The Factom protocol provides client-defined Chains of Entries, client-side validation of Entries, a distributed consensus algorithm for recording the Entries, and a blockchain anchoring approach for security.

PATENT: Mobile payment application provisioning and personalization on a mobile device; US 11,205,175 B2; 12/21/2021; CPC G06Q 20/3829; 14 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Embodiments of the present invention are directed to systems and methods for providing a central entity that can provision mobile payment applications on mobile communication devices and personalize the mobile payment applications with consumer and account information. The personalization of the mobile payment application on the mobile communication device may include provisioning a payment account on the mobile payment application.

PATENT: Converting processes into multiple blockchain smart contracts; US 11,205,178 B2; 12/21/2021; CPC G06Q 20/4014; 14 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of identifying a workflow specification including a number of entities and state elements, selecting two or more entities designated as a subset of entities among the entities, where the subset of entities share one or more of the state elements of the workflow specification among the state elements, and creating a first smart contract identifying the one or more state elements.

PATENT: Fraud detection based on an analysis of messages in a messaging account; US 11,205,180 B2; 12/21/2021; CPC G06Q 20/4016; 20 claims; assigned to Capital One Services, LLC.

CLAIM 1 EXCERPT: Determining a score that indicates a likelihood that a message includes a transaction confirmation.

PATENT: Automatically presenting e-commerce offers based on browse history; US 11,205,188 B1; 12/21/2021; CPC G06Q 30/0224; 42 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Techniques are described for automatically extracting items from a user's browse history on one or more e-commerce websites, and automatically searching other e-commerce websites and sources for offers (including coupons, deals, and/or promotions) for those items and/or related items and/or stores.

PATENT: Blockchain-based service processing methods and apparatuses; US 11,205,223 B2; 12/21/2021; CPC G06Q 40/025; 20 claims; assigned to Alipay (Hangzhou) Information Technology Co., Ltd.

ABSTRACT: Disclosed herein are systems, methods, and media for processing and updating risk assessment information of a user. One of the methods here comprise: obtaining risk assessment information and digital identity of the user; creating a first verifiable claim based on the digital identity and the risk assessment information by using a first blockchain, revoking a second verifiable claim of original risk assessment information corresponding to the digital identity by using the first blockchain; uploading the first verifiable claim to a second blockchain; obtaining a storage credential of the first verifiable claim in the second blockchain, wherein the second blockchain is connected to a service processing platform; generating a risk assessment card corresponding to the user based on the storage credential and the first verifiable claim; and allowing the service processing platform to obtain the risk assessment information of the user from the second blockchain by using the risk assessment card.

PATENT: Systems and methods for iterative optimization of related objects; US 11,205,224 B2; 12/21/2021; CPC G06Q 40/04; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A computer implemented method for assigning values to objects includes receiving a plurality of values for each of a plurality of base objects including a first and second base object; receiving a plurality of values for a first composite object associated with the first and second base objects; generating and storing in the memory a solution set including combinations of values of the first and second base objects; for each combination in the solution set, generating first transaction results by computing transactions between the values of the first and second base objects; comparing each of the first transaction results to a first range of values including the values of the first composite object; and removing, from the solution set and from the memory, the combinations of the values of the first and second base objects corresponding to the first transaction results that are outside of the first range of values.

PATENT: System and method for managing transactions of financial instruments; US 11,205,225 B2; 12/21/2021; CPC G06Q 40/04; 17 claims; assigned to CFPH, LLC,

ABSTRACT: 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. The information is displayed in the dialog box and comprises a desired volume of the financial instrument at a specific price. The system communicates to a remote device the information. The remote device is in communication with the processor over a network. The system receives an indication that the transaction of the financial instrument has been executed for the desired volume at the specific price.

PATENT: Dynamic circuit breaker; US 11,205,226 B2; 12/21/2021; CPC G06Q 40/04; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A computer implemented method for controlling operational states of a hardware matching processor includes monitoring, by a circuit breaker, incoming electronic data transaction request messages to the hardware matching processor; dynamically defining a range of values as a function of values included with electronic data transaction request messages received during a rolling lookback window; detecting that an incoming electronic data transaction request message contains a value outside the range of values; transitioning the electronic data transaction processing system into a pre-open state for a predetermined period, thereby preventing the hardware matching processor from matching incoming electronic data transaction request messages; calculating a pre-open value at an end of the pre-open state; and re-opening the electronic data transaction processing system at the calculated pre-open value, thereby allowing the hardware matching processor to match incoming electronic data transaction request messages.

PATENT: Systems and methods for bid/offer liquidity spread trading; US 11,205,227 B2; 12/21/2021; CPC G06Q 40/04; 20 claims; assigned to BGC Partners, Inc.

ABSTRACT: 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. In some embodiments, the invention may include one or more modules for receiving the request, receiving a quote, receiving a responsive number of units of the item to be traded, decrementing a time interval in which the participant who issues the request is required to trade, and, if that participant does not trade within the time interval, trading on behalf of that participant.

December 14, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for processing and presentation of advisor-related data; US 11,200,541 B1; 12/14/2021; CPC G06Q 10/1053; 20 claims; assigned to Wells Fargo Bank, N.A.

FIELD: Embodiments of the present disclosure relate generally to the field of electronic tools for aggregating, analyzing, and presenting data relating to matching-making of wealth management professionals.

PATENT: Mediator website for authenticating payment entities and supporting dynamic interface objects for payments; US 11,200,545 B2; 12/14/2021; CPC G06Q 20/02; 26 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A system and method for secure and intuitive payment transactions at an ecommerce merchant website with a client device. The system has a trusted platform that hosts a Mediator site and Manifest database that includes a plurality of Manifest files. Each Manifest file includes a unique identifier and mapped payor information for a payment entity. The platform uses the Manifest to validate trusted payment entities and provide the Mediator site. The Mediator site generates cookies with payor information from the Manifest files, which are transmitted stored on user devices. These cookies are employed to facilitate trusted and intuitive transactions at merchant websites using dynamic interface objects presented on the user's client device interface.

PATENT: System for facilitating real-time transactions; US 11,200,551 B2; 12/14/2021; CPC G06Q 20/16; 12 claims; assigned to Mastercard Payment Services Denmark A/S.

ABSTRACT EXCERPT: A system for facilitating real-time transactions of data representing monetary value between clients in a computer network comprises at least one first client and a transaction server computer system, the first client being associated with a set of data representing a balance of monetary value. The transaction server computer system is configured for receiving requests for transactions of data representing an amount of monetary value from a plurality of second clients for real-time updates of the first client's set of data. The first client's set of data is stored in a data structure comprising first and second subsets of the data, each subset of data defining a sub-balance representing an amount of monetary value.

PATENT: Method and system for authorization of transactions; US 11,200,559 B2; 12/14/2021; CPC G06Q 20/3276; 19 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A method for transaction authorization includes generation of a master authentication code based on an authorization request for a transaction by a server. The transaction is initiated by a user by way of a transaction application installed on a user-computing device. The server splits the master authentication code into a first authentication code and a second authentication code. The first authentication code is communicated to the transaction application and the second authentication code is communicated to the user by the server. The transaction application generates a response code based on the first authentication code and the second authentication code. The server receives the response code from the transaction application and processes the transaction based on a match between the response code and the master authentication code.

PATENT: Connected payment card systems and methods; US 11,200,562 B1; 12/14/2021; CPC G06Q 20/34; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Methods and systems of managing payment cards are disclosed. A financial institution computing system includes a token database storing a plurality of tokens and token information, a network interface circuit enabling the financial institution computing system to exchange information over a network; and a token management circuit. The token management circuit enables a graphical user interface on a customer device over the network that can be used to generate new token requests, re-provision token requests, and management requests. The management requests enable and disable tokens, such that transactions against a payment card account using an enabled token are completed, and transactions against the payment card account using a disabled token are denied.

PATENT: Systems and methods of blockchain transaction recordation; US 11,200,564 B2; 12/14/2021; CPC G06Q 20/363; 10 claims; assigned to Nasdaq, Inc.

ABSTRACT: A computer system is provided that communicates with a distributed blockchain computing system that includes multiple computing nodes. The exchange stores an order book and a plurality of digital wallets associated with different clients. The computer system receives new data transaction requests that are added to the order book. A match is identified between data transaction requests and hashes associated with the digital wallets associated with the respective data transaction requests are generated. The counterparties receive the hashes of the other party along with information on the match and each party causes blockchain transactions to be added to the blockchain of the blockchain computing system. The computing system then monitors the blockchain to determine if both sides of the match has been added to the blockchain.

PATENT: Computer-implemented method, a computer system and a cryptocurrency depository for enabling secure escrow and safekeeping of a cryptocurrency; US 11,200,568 B2; 12/14/2021; CPC G06Q 20/3835; 16 claims.

ABSTRACT: There is provided a computer-implemented method, a computer system and a cryptocurrency depository for enabling secure escrow and safekeeping of a cryptocurrency. The computer implemented method starts by establishing a secure communication between a first party device associated with a depositor of the cryptocurrency and a second party device associated with a secure cryptocurrency depository, in a cryptocurrency network. The secure cryptocurrency depository is a secure cryptocurrency escrow and/or a secure cryptocurrency vault. Further, the first party device and/or the second party device is enabled to transfer the available funds/tokens away from the multi-signature address using the second partially signed provisional transaction template and/or the first partially signed provisional transaction template in possession of the first party device and second party device respectively, in case the first party and/or second party private-keys/secrets and/or the hardware tokens are lost/stolen, thereby preventing theft.

PATENT: System, method and program product for making payments using fiat-backed digital assets; US 11,200,569 B1; 12/14/2021; CPC G06Q 20/3829; 41 claims; assigned to Winklevoss IP, LLC.

ABSTRACT: The present invention generally relates to the use of stable value digital assets and/or fiat-backed digital assets as cryptocurrencies that can be linked to other digital assets using blockchain technology and/or through a peer-to-peer network. In embodiments, the present invention relates to specific applications of fiat-backed digital assets and/or stable value digital asset tokens tied to a peer-to-peer network, such as a blockchain network.

PATENT: Blockchain-based trustable guarantees; US 11,200,570 B2; 12/14/2021; CPC G06Q 20/389; 20 claims; assigned to Alipay (Hangzhou) Information Technology Co., Ltd.

ABSTRACT: A method includes receiving a cyphertext of a digital document specifying a guarantee and one or more zero-knowledge proofs (ZKPs) related to a value associated with the guarantee; verifying the one or more ZKPs; upon successfully verifying the one or more ZKPs, storing the cyphertext to a blockchain based on performing a consensus algorithm; receiving a first message from a first computing device associated with the beneficiary or a representative of the beneficiary indicating there is no outstanding claim for the guarantee; sending a second message to a second computing device associated with a guarantor to confirm that the guarantor is discharged from undertaking payment under the guarantee; receiving a third message from the second computing device associated with the guarantor requesting the status of the guarantee to be changed to expired; and updating the status of the guarantee stored in the blockchain to indicate that the guarantee has expired.

PATENT: Method and system for spam prevention in blockchain advertising; US 11,200,595 B2; 12/14/2021; CPC G06Q 20/0248; 12 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A method for adjusting a spam index for a blockchain advertiser based on user consensus includes: storing an advertiser profile related to an advertising entity including at least an index value and an identification value; receiving new blocks in a blockchain, each including a block header and blockchain data values, where a plurality of the data values each includes an advertiser identifier, advertisement value, and a recipient identifier; receiving a plurality of spam reports, each associated with one of the data values and including at least one of: the advertisement value included in the respective data value or a reference value generated by hashing the respective data value; determining a ratio of a number of spam reports to number of the data values that includes the advertisement value; and adjusting the index value included in the advertiser profile according to the ratio.

December 7, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain ledgers of material spectral signatures for supply chain integrity management; US 11,195,145 B2; 12/7/2021; CPC G06Q 10/087; 20 claims; assigned to IBM.

ABSTRACT EXCERPT: Techniques facilitating blockchain ledgers of material spectral signatures for supply chain integrity management are provided. In one example, a computer-implemented method comprises validating, by a device operatively coupled to a processor, spectral signature data associated with a material, resulting in validated spectral signature data; and generating, by the device, a set of information corresponding to a transaction of the material in a blockchain associated with the material, wherein the set of information is related to the validated spectral signature data.

PATENT: Systems and methods for digital wallet; US 11,195,169 B2; 12/7/2021; CPC G06Q 20/363; 18 claims; assigned to USAA.

ABSTRACT: A digital wallet may be accessed via a plugin on a browser. The digital wallet may store account information pertaining to various accounts of a user. The account information may be related to funding sources, reward programs, loyalty programs, retailers and other merchants, driver license information, voter registration information, government agencies, etc. The user may drag and drop account information from the digital wallet via the plugin to a checkout page or the plugin may automatically recognize and populate a checkout page. In an implementation, the plugin may select a funding source based on rules, such as use one funding source for payment of less than a predetermined amount and use another funding source for payment of at least the predetermined amount.

PATENT: Systems and methods for cryptographic authentication of contactless cards; US 11,195,174 B2; 12/7/2021; 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: Integrating tracked transaction data into approval chains for digital transactions; US 11,195,178 B2; 12/7/2021; CPC G06Q 20/401; 22 claims; assigned to Coupa Software Incorporated.

FIELD: The present disclosure is in the technical field of configurable software platforms and platform interfaces. The disclosure also is in the technical field of transaction tracking between computing devices using workflows or mandatory approval sequences, and generation and execution of functional logic rules based on transaction data and/or for processing transaction data.

PATENT: Detecting cashback and other related reimbursement frauds using blockchain technology; US 11,195,179 B2; 12/7/2021; CPC G06Q 20/401; 20 claims; assigned to Dell Products L.P.

ABSTRACT: Methods, apparatus, and processor-readable storage media for detecting cashback and other related reimbursement frauds are provided herein. An example computer-implemented method includes implementing, in response to a transaction between a user and a first enterprise, a block in a blockchain network, wherein the block comprises transaction-related information comprising reimbursement-related data and cryptographic information; generating a smart contract in conjunction with the block, wherein the smart contract comprises a software protocol pertaining to carrying out a reimbursement process, related to the transaction, between the user and a second enterprise; executing the smart contract in response to an indication that transaction-related information provided to the second enterprise by the user has been verified against the transaction-related information contained within the block; and modifying, in response to the execution of the smart contract, a status identifier of the block, wherein the modification of the status identifier reduces subsequent access to the block.

PATENT: Virtual blockchain; US 11,195,180 B2; 12/7/2021; CPC G06Q 20/401; 20 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of connecting, by a virtual blockchain manager node, to a blockchain configured to store a plurality of user transactions committed by a user node, identifying, by the virtual blockchain manager node, a user request transaction from the plurality of the user transactions for a creation of a virtual blockchain for the user, wherein the user request transaction contains a rule, creating, by the virtual blockchain manager node, the virtual blockchain based on the user request transaction, populating, by the virtual blockchain manager node, the virtual blockchain with the user transactions from the plurality of the user transactions from the blockchain based on the rule, and executing, by the virtual blockchain manager node, a smart contract to record the rule and a hash of all blocks from the virtual blockchain onto the blockchain.

PATENT: Augmented reality value advisor; US 11,195,214 B1; 12/7/2021; CPC G06Q 30/0283; 11 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method for determining a value of an item includes receiving an image of a first item captured as a result of focusing an augmented reality (AR) device on the first item. The image of the first item is compared with images of one or more second items from a database. An image of one of the second items is identified that closely corresponds to the image of the first item. Metadata is obtained for the one of the second items. Using the metadata, value information is obtained for the first item. The value information is permitted to be displayed on the AR device.

PATENT: Information decision making and display; US 11,195,229 B1; 12/7/2021; CPC G06Q 40/025; 15 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: 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. Alternative actions associated with the determined risk of delay are determined, and second adjusted start dates based on the alternative actions are estimated. The computer generates a display of the first adjusted start dates, the alternative actions, and the second adjusted start dates.

PATENT: Transaction processing in a service blockchain; US 11,195,231 B2; 12/7/2021; CPC G06Q 40/04; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Implementations of this specification provide a method and an apparatus for transaction processing in a service blockchain. An example method performed by a node device in the service blockchain includes receiving a target transaction, from a service system interlinked with the service blockchain; in response to receiving the target transaction, (i) triggering execution of a target service and (ii) determining a target asset blockchain corresponding to the target service from a plurality of asset blockchains interlinked with the service blockchain through a cross-chain relay; invoking, through the cross-chain relay, an asset exchange service deployed on the target asset blockchain, to complete asset exchange processing between transaction accounts related to the target transaction; obtaining, through the cross-chain relay, an asset exchange credential between the transaction accounts related to the target transaction; and after obtaining the asset exchange credential, performing further transaction processing on the target service.

PATENT: Methods and apparatus employing hierarchical conditional value at risk to minimize downside risk of a multi-asset class portfolio and improved graphical user interface; US 11,195,232 B2; 12/7/2021; CPC G06Q 40/06; 10 claims; assigned to Axioma, Inc.

ABSTRACT: The traditional Markowitz mean-variance-optimization (MVO) framework that uses the standard deviation of the possible portfolio returns as a measure of risk does not accurately measure the risk of multi-asset class portfolios whose return distributions are non-Gaussian and asymmetric. A scenario-based conditional value-at-risk (CVaR) approach for minimizing the downside risk of a multi-asset class portfolio is addressed that uses Monte-Carlo simulations to generate the asset return scenarios. These return scenarios are incorporated into a modified Rockafellar-Uryasev based convex programming formulation to generate an optimized hedge. One example addresses hedging in an equity portfolio with options. Testing shows that a hierarchical CVaR approach generates portfolios with better predicted worst case loss, downside risk, standard deviation, and skew.

November 30, 2021

Total CPC G06Q Subclass (business methods) patents issued:  145

Financial industry business method patents reviewed herein:   10

PATENT: Block chain-based claim settlement method and apparatus; US 11,188,874 B2; 11/30/2021; CPC G06Q 10/10; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: One or more embodiments of the description provide a blockchain-based claim settlement method and apparatus. The blockchain comprises a claim settlement organization node device and a service processing organization node device. The method comprises: obtaining, from a distributed database of the blockchain, a target transaction sent by the service processing organization node device, the target transaction comprising service behavior data generated by a claimant in the service processing organization node device; generating claim settlement plan logic for the claimant on the basis of the service behavior data comprised in the target transaction; and executing the claim settlement plan logic.

PATENT: Using ledger sensors to enable contextual contracts across various enterprise blockchain applications; US 11,188,883 B2; 11/30/2021; CPC G06Q 20/02; 17 claims; assigned to IBM.

ABSTRACT: A system, method, and computer program product provides contextual contracts across various enterprise blockchain applications. In an aspect of the present disclosure, a method is disclosed including receiving a contextual contract for addition to a blockchain. The contextual contract includes at least one state dependent term. The method further includes appending a block to the blockchain based on the received contextual contract and in response to appending the block, activating a ledger sensor for the contextual contract. The ledger sensor is configured to monitor at least one of the blockchain and at least one other blockchain for transactions that correspond to the at least one term. The method further includes receiving from the ledger sensor data about transactions that corresponding to the at least one term and finalizing the contextual contract by appending a block to the blockchain based on the received data and the contextual contract.

PATENT: Virtual token-based settlement providing system, virtual token generation apparatus, virtual token verification server, virtual token-based settlement providing method, and virtual token-based settlement providing program; US 11,188,895 B2; 11/30/2021; CPC G06Q 20/3672; 15 claims; assigned to SSenStone Inc.

ABSTRACT EXCERPT: The present invention comprises: a step for receiving a virtual token provided by a virtual token generation means, by a virtual token verification means; a step for extracting multiple detailed codes included in the virtual token by the virtual token verification means; a step for searching for a storage location of an actual card number on the basis of the multiple detailed codes by the virtual token verification means; and a step for transmitting the searched actual card number to a payment settlement service server or a financial company server.

PATENT: Smart contract of a blockchain for management of cryptocurrencies; US 11,188,896 B1; 11/30/2021; CPC G06Q 20/3672; 20 claims; assigned to Bprotocol Foundation.

ABSTRACT: There is provided a processor(s) executing a blockchain smart contract, for: managing a primary reserve of primary tokens and a secondary reserve of secondary tokens, receiving a transaction request, obtaining an external price of the primary token, compute an updated value of the primary reserve according to the external price, in response to the updated total value of primary reserve being unequal to an initial staked value of the primary reserve, adjust primary and secondary dynamic reserve weights, wherein a total value computed by a function of the primary reserve after being increased or decreased by a target amount of primary tokens and using the adjusted primary and secondary dynamic reserve weights, is equal to the initial staked value of the primary reserve, and the total value of the primary reserve is maintained at a predefined ratio to a total value of the secondary reserve, and executing the transaction request.

PATENT: Multi-tiered digital wallet security; US 11,188,897 B2; 11/30/2021; CPC G06Q 20/3674; 20 claims; assigned to Bank of America.

ABSTRACT: Methods, systems, and apparatuses for facilitating multi-tiered digital wallet security are described herein. In some arrangements, a computing platform configured to operate within one or more decentralized peer-to-peer (P2P) networks may provide a digital wallet interface to a user computing device. Through the digital wallet interface, a user of the user computing device may be able to partition digital currency holdings into one or more differentiated storage compartments or tiers. Each of the one or more compartments may be password secured and may only permit access to the amount of digital currency holdings specified by the user. The user of the user computing device may enter a password corresponding to a compartment and the computing platform may provide access to the compartment based on the provided password. E.g., successive tiers may provide successively more limited (or enhanced) access to available funds, permissions, and the like.

PATENT: Off network identity tracking in anonymous cryptocurrency exchange networks; US 11,188,899 B2; 11/30/2021; CPC G06Q 20/3678; 8 claims; assigned to DMG Blockchain solutions Inc.

ABSTRACT: Various embodiments include a method of facilitating identity information exchange in a cryptocurrency transaction. An information compliance computer system can receive a pending cryptocurrency transaction from a transmitter wallet service system for managing one or more user wallet accounts, each associated with one or more cryptographically verifiable addresses in a cryptocurrency exchange network. The information compliance computer system can identify a recipient wallet service system associated with a destination address indicated by the pending cryptocurrency transaction. Information compliance computer system can exchange identity information between the transmitter wallet service system and the recipient wallet service system. The information compliance computer system can publish the pending cryptocurrency transaction to the cryptocurrency exchange network for inclusion into a block chain of the cryptocurrency network.

PATENT: Method and system for payment card verification via blockchain; US 11,188,900 B2; 11/30/2021; CPC G06Q 20/3829; 8 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for conveyance of payment credentials through a third party data source includes: storing, in a memory of a computing device, at least a first public key and payment credentials associated with a transaction account; generating, by a generation module of the computing device, a machine-readable code encoded with at least the first public key; displaying, by a display device interfaced with the computing device, the generated machine-readable code; generating, by the generation module of the computing device, a key pair comprised of at least a private key and a second public key; encrypting, by an encryption module of the computing device, the payment credentials using the private key; and electronically transmitting, by a transmitting device of the computing device, the encrypted payment credentials to a publicly accessible data source.

PATENT: Managing customer uniqueness in tokenised systems; US 11,188,903 B2; 11/30/2021; CPC G06Q 20/385; 5 claims; assigned to MasterCard International Incorporated.

ABSTRACT: According to a first aspect there is provided a method of identifying the funding source of an electronic transaction, said method comprising a payment terminal: receiving a transaction request comprising one or more credentials from a payment device; and determining whether said credentials comprise a funding source proxy (FSP) and, if not, generating the FSP from one or more of said credentials according to a predetermined algorithm stored on said payment terminal; wherein the funding source proxy is derived from a funding primary account number (FPAN) of a funding source of said payment device. Other aspects provide a method of blocking an electronic transaction, a method of authorising an electronic transaction, a method performed by a payment terminal and a method of provisioning a device with payment capability.

PATENT: Automated event processing computing platform for handling and enriching blockchain data; US 11,188,909 B2; 11/30/2021; CPC G06Q 20/401; 20 claims; assigned to Bank of America.

ABSTRACT: Methods and systems for using block chain technology to verify transaction data are described herein. A computing platform may receive data about events related to transactions, personal or corporate information, supply chains, and other relevant information about a person or corporate entity. The event information may be received, aggregated, and processed to determine metadata about the person or corporate entity. The metadata may indicate, for example, a trustworthiness of the person or corporate entity for various purposes. Such event information and/or metadata may be stored as transactions in a block chain that may be accessible by counterparties to a potential transaction involving the person or corporate entity. The automated event processing computing platform may further use automated techniques to implement smart transactions between the person/entity and counterparty based on the trust metadata.

PATENT: Systems and methods for expediting math-based currency transactions; US 11,188,918 B1; 11/30/2021; CPC G06Q 20/405; 22 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Systems and methods for expediting math-based currency ("MBC") transactions are described. A financial institution facilitates the expedited MBC transactions. The expedited MBC transactions are achieved by providing merchants with a customer score for a customer that is paying for goods or services with MBC. The customer score is based at least in part on prior MBC transactions entered into by the customer. In some arrangements, the customer score is also based on balance information and transaction information associated with accounts maintained with the financial institution.

November 23, 2021

Total CPC G06Q Subclass (business methods) patents issued: 172

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain-based system for analyzing and tracking work performance; US 11,182,726 B2; 11/23/2021; CPC G06Q 10/06398; 19 claims; assigned to Nest Global Solutions, LLC.

ABSTRACT: Disclosed are blockchain-based systems and methods for analyzing and tracking work performance. An example method may commence with detecting a plurality of actions performed by one or more users with regard to one or more digital files. The method may continue with creating a timestamp for each of the plurality of actions. The method may further include generating a hash value for each of the plurality of actions. The method may continue with storing the hash value and the timestamp associated with each of the plurality of actions to a record on a blockchain. The method may further include analyzing the hash value and the timestamp associated with the plurality of actions of the one or more users to evaluate the work performance of the one or more users.

PATENT: Methods for synthetic monitoring of systems; US 11,182,754 B2; 11/23/2021; CPC G06Q 20/10; 14 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Methods for synthetic transaction monitoring are disclosed. In one embodiment, in an information processing apparatus comprising at least one computer processor, a method for synthetic system monitoring may include: (1) generating a synthetic transaction having a nominal value; (2) at a test interface, initiating the synthetic transaction into a transaction processing flow comprising a plurality of transaction elements; (3) the test interface receiving, from a first transaction element of the plurality of transaction elements, a first transaction state for the transaction; (4) the test interface comparing the first transaction state to a first expected transaction state for the first transaction element; and (5) the test interface generating an output based on the comparison.

PATENT: Asset-backed electronic currency systems and methods; US 11,182,755 B2; 11/23/2021; CPC G06Q 20/3678; 27 claims/

ABSTRACT: A cryptocurrency system of the present disclosure employs one or more creator computing devices, one or more initial transaction computing devices, one or more asset-backed computing devices, one or more certifier computing devices, and one or more block chain verifier computing devices. In operation, the system enables a person or legal entity to create and manage electronic currency that is backed by assets.

PATENT: Block chain encryption tags; US 11,182,781 B2; 11/23/2021; CPC G06Q 20/3829; 20 claims; assigned to Bank of America Corporation.

CLAIM 1 INTRODUCTION: A system, comprising: a plurality of network nodes in a network, wherein the network nodes are configured to maintain a block chain; and

a device in signal communication with one or more network nodes from the plurality of network nodes.

PATENT: Tokenisation method and system for implementing exchanges on a blockchain; US 11,182,782 B2; 11/23/2021; CPC G06Q 20/3829; 18 claims; assigned to nChain Holdings Limited.

CLAIM 1 EXCERPT: A blockchain-implemented control method, the method comprising:

generating or deriving one or both public-key-private keys in a cryptographic pair for an item or portion of data by determining, at a first node (C), a common secret (CS) that is common with the first node (C) and a second node (S).

PATENT: System and method for scaling blockchain networks with secure off-chain payment hubs; US 11,182,787 B2; 11/23/2021; CPC G06Q 20/389; 30 claims; assigned to Liquidchain AG.

CLAIM 1: A method for secure off-chain digital transactions, comprising: deploying a smart contract from an originating source to an on-chain ledger associated with a first payment hub server and instantiating a first off-chain ledger; authorizing at least one user to interact with the first payment hub server; synchronize periodically a balance sheet of the first off-chain ledger with the smart contract using a cryptographic commitment structure; wherein the smart contract is used to authorize a withdrawal from the first off-chain ledger.

PATENT: Blockchain-based trustable guarantees; US 11,182,788 B2; 11/23/2021; CPC G06Q 20/389; 20 claims; assigned to Alipay (Hangshou) Information Technology Co., Ltd.

CLAIM 1 EXCERPT: A computer implemented method performed by a blockchain node of a blockchain network, comprising: receiving, at the blockchain node, a cyphertext of a digital document specifying a guarantee and one or more zero-knowledge proofs (ZKPs) from a first computing device associated with a first guarantor; wherein the one or more ZKPs prove one or more values associated with the guarantee; wherein the guarantee is from the first guarantor to a beneficiary; and wherein the digital document specifies one or more predetermined conditions of executing the guarantee.

PATENT: System and method for a digital coin exchange; US 11,182,819 B2; 11/23/2021; CPC G06Q 30/0226; 30 claims; assigned to Alef Edge, Inc.

CLAIM 1 EXCERPT: A system for digital records exchange, the system comprising: at least one entity server associated with an entity; at least one consumer device; and a platform communicatively coupled to the at least one entity server and the at least one consumer device via at least one network, the platform comprising at least one computer including non-transitory memory storing computer readable instructions and at least one processor configured to execute the computer readable instructions.

PATENT: Inter-ledger messaging in a blockchain; US 11,182,851 B2; 11/23/2021; CPC G06Q 40/025; 20 claims; assigned to IBM.

ABSTRACT: Operating conditions of a blockchain configuration may be dynamic and change automatically under certain circumstances. One example method of operation may include receiving a blockchain transaction sent from a first blockchain to a second blockchain, identifying an inter-ledger contract between the first blockchain and the second blockchain, receiving an inter-ledger message at the second blockchain from the first blockchain, and determining whether to log the blockchain transaction in the first blockchain or the second blockchain based on the inter-ledger message.

PATENT: Method and system of storing record of copyright event based on blockchain; US 11,182,867 B2; 11/23/2021; CPC G06Q 50/184; 20 claims; assigned to Advanced New Technologies Co., Ltd.

SUMMARY: A target member node receives a copyright event record-storing request. A copyright event-related transaction is constructed based on the copyright event record-storing request. The copyright event-related transaction is broadcast to a consortium blockchain network.

November 16, 2021

Total CPC G06Q Subclass (business methods) patents issued:  135

Financial industry business method patents reviewed herein:   10

PATENT: Multi-channel tracking and control system; US 11,176,505 B2; 11/16/2021; CPC G06Q 10/06315; 18 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Arrangements for providing multi-channel tracking and control are provided. In some examples, a request for a quantity of product may be received. The request may be processed and the order transmitted to a destination. During shipping, tracking of the order may be performed to determine whether an order has arrived at a destination. In some examples, quality data may be captured at the destination to determine whether a portion of the order was damaged or destroyed during shipping.

PATENT: Blockchain expense and resource utilization optimization; US 11,176,506 B2; 11/16/2021; CPC G06Q 10/0637; 17 claims; assigned to IBM.

ABSTRACT: A blockchain configuration may require constant and large amounts of resources to maintain a growing structure. One example method of operation may include receiving blockchain transactions and creating a blockchain block, identifying miner devices to process the blockchain block, identifying expenses associated with each of the miner devices, selecting an optimal cost miner device among the miner devices based on the identified expenses associated with each of the miner devices, and assigning the optimal cost miner device to solve the blockchain block.

PATENT: Smart contract admission check and fault tolerance in a blockchain; US 11,176,519 B2; 11/16/2021; CPC G06Q 10/103; 14 claims; assigned to IBM.

ABSTRACT: A blockchain configuration may be used to store smart contracts. One example method of operation may include one or more of identifying a metric configuration associated with a smart contract stored in a blockchain, logging an event which is part of the metric configuration, determining whether the event supports requirements of the smart contract, determining whether a smart contract policy in the smart contract matches a system policy, and updating the smart contract on the blockchain when the requirements of the smart contract are supported by the event and the smart contract policy matches the system policy.

PATENT: Math based currency credit card; US 11,176,524 B1; 11/16/2021; CPC G06Q 20/0655; 10 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Embodiments include a method of performing a math based currency ("MBC") transaction. The method includes receiving, from a recipient computer system, information regarding an MBC backed credit card account, information regarding a recipient account and an amount of funds to be transferred to the recipient account from the MBC backed credit card account. The method further includes verifying, by the financial institution computer system, that the amount of funds that are available in the MBC backed credit card account. In various embodiments the method includes updating, by the financial institution computer system, an overlay ledger to increase the balance owed by a customer that holds the MBC backed credit card account.

PATENT: Integration of payment processing platform with payment making platform for differentiated payment allocations using cryptocurrency; US 11,176,531 B1; 11/16/2021; CPC G06Q 20/204; 20 claims; assigned to Square, Inc.

ABSTRACT: Techniques for integrating a payment processing platform (PPP) and a payment making platform (PMP) for differentiated payment allocations using cryptocurrency is described. The PPP can receive a request to receive funds in cryptocurrency, wherein the funds are associated with transaction(s) conducted via point-of-sale (POS) software provided by the PPP. Based on the request, a cryptocurrency wallet account for the merchant can be accessed via the PMP. The PPP can associate a merchant account of the merchant with the cryptocurrency wallet account. The PPP can receive, via the POS software associated with the merchant, payment authorization request(s) associated with the transaction(s) and cause (i) a first portion of the funds to be deposited as cryptocurrency into the cryptocurrency wallet account and (ii) a second portion of the funds to be deposited as fiat currency into the merchant account.

PATENT: Token generating component; US 11,176,536 B2; 11/16/2021; CPC G06Q 20/3229; 19 claims; assigned to Visa International Service Association.

ABSTRACT: The invention provides a method and system for providing financial details from a mobile device of a user for use in a transaction. The method is performed on a mobile device of the user and includes the steps of generating, on a token generating component, a session-specific token by applying an algorithm requiring a dynamic key; providing financial details for use in a transaction; incorporating the session-specific token and the financial details into a modified form the financial details; and transferring the modified form of the financial details from the mobile device to initiate the transaction. A corresponding method and system for validating financial details received, at a server of an issuing authority, is also provided.

PATENT: Multi-function smart tokenizing electronic payment device; US 11,176,538 B2; 11/16/2021; CPC G06Q 20/341; 30 claims; assigned to Virtual Electric Inc.

ABSTRACT: An embodiment includes a multi-function electronic device capable of generating a programmed magnetic field of alternating polarity based on a speed of a card swipe, and methods for constructing the device for the purpose of emulating a standard credit card. An apparatus is described to allow the device to emulate behavior of a credit card when used in electronic credit card readers. Additionally, methods are described to allow user control of the device for the purpose of authorizing or controlling use of the device in the application of credit, debit and cash transactions, including cryptocurrency and device-to-device transactions. Methods are also described for generating a limited-duration payment number when performing a transaction for the purpose of creating a limited-use payment number, which is limited in scope of use to a predetermined number of authorized transactions. Furthermore the device may interact with other similar devices in proximity for the purpose of funds or credit/debit transfers.

PATENT: Voice currency token based electronic payment transactions; US 11,176,543 B2; 11/16/2021; CPC G06Q 20/3674; 18 claims; assigned to Mastercard International Incorporated.

ABSTRACT: The invention provides systems, methods and computer program products for secure electronic payment transactions based on voice generated currency tokens. The invention comprises implementing at a voice currency platform server, the steps of (i) receiving from a payor terminal device a request for generation of a voice currency token, (ii) performing voice based biometric authentication by matching the voice data received from the payor terminal device against one or more voice based biometric templates associated with the payor voice currency platform account, (iii) performing speech analysis to extract at least the currency amount identified within the voice data received from the payor terminal device and (iv) generating an encrypted voice currency token.

PATENT: Systems for generating an auditable digital certificate; US 11,176,545 B2; 11/16/2021; CPC G06Q 20/38215; 22 claims; assigned to Trunomi Ltd.

ABSTRACT: The systems described herein are configured to generate an auditable digital certificate upon receiving a request for user information associated with a user of the plurality of users and determining that authorization from the user is required The digital certificate comprises: a unique identifier associated with the requester, a context of the request, and a date and time associated with the request. The system then sends an authorization request that includes: a request for consent to grant the request from the requester, and a request for identity verification evidence. Upon receiving the consent and identity verification evidence, the system adds to the digital certificate: a unique identifier associated with the user, the consent, and a date and time associated with receipt of the consent. Finally, the system closes and tamperproofs the digital certificate before storing the digital certificate in a certificate database.

PATENT: Validation identity tokens for transactions; US 11,176,554 B2; 11/16/2021; CPC G06Q 20/40145; 19 claims; assigned to Visa International Service Association.

ABSTRACT: A user initiates a transaction by providing identification data at an access device. Certain elements of a validation identity token, such validation keys, may be distributed among several remote server computers. After the elements are retrieved during the transaction, the validation identity token may be generated using the retrieved elements. The validation identity token may indicate whether the user is authenticated. No single entity can possess all elements utilized to generate the validation identity token, which mitigates risk of the validation identity token being compromised. In some embodiments, the validation identity token may be a chromatic identity token, which may indicate validity by color.

November 9, 2021

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

Financial industry business method patents reviewed herein:   10

PATENT: Authenticated transfer of an article using verification tokens; US 11,170,337 B2; 11/9/2021; CPC G06Q 10/083; 18 claims; assigned to NewStore Inc.

ABSTRACT: Aspects of the invention provide a system and method for effecting a transfer of goods in a transaction. Mobile communication devices held by parties to a transaction deliver geographic location information to a server, which coordinates data, including verification token data broadcast by one of said devices, so as to authenticate the identities of the parties to the transfer once the parties or devices are within a specified short-range to conduct said transfer.

PATENT: Systems and methods for identity verification of math-based currency account holders; US 11,170,351 B1; 11/9/2021; CPC G06Q 20/065; 12 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Math-based currency ("MBC") transactions are inherently quasi-anonymous. Systems and methods of registering customers with a financial institution for the purposes of opening a MBC account are described. During the registration process, the financial institution gathers and stores certain information relating to the customers having MBC accounts. This information may later be used to provide verification of MBC transactions to other parties involved in the MBC transactions.

PATENT: Secure processing of online purchase using a mobile wallet; US 11,170,363 B1; 11/9/2021; CPC G06Q 20/36; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Various examples are directed to systems and methods for secure purchasing using a mobile wallet. A first mobile wallet may receive secure purchasing data related to an product from a server system associated with a merchant. The secure purchasing data (e.g., stored on a QR code) may include product information and merchant information allowing the mobile wallet to obtain a public key of the merchant. The mobile wallet may determine whether the purchase of the product requires processing by a second mobile wallet based on transaction rules and at least some of the purchasing data. Based on the determination, the first mobile wallet may either send payment data for purchasing the product to the server system of the merchant, without requesting processing by the second mobile wallet or send a request for processing to the second mobile wallet so that the second mobile wallet can approve or purchase the product.

PATENT: Digital wallet merchant-specific virtual payment accounts; US 11,170,365 B2; 11/9/2021; CPC G06Q 20/3674; 21 claims; assigned to Visa International Service Association.

ABSTRACT: Embodiments of the invention are directed to systems and methods for securely and efficiently updating account information across resource providers. Embodiments of the invention provide a method for managing account data that is an improvement in both speed and security over prior methods used by account data management systems. According to embodiments of the invention, account data is linked to resource provider specific tokens stored and managed by a digital wallet provider. Resource provider specific tokens may be stored by resource providers to conduct future transactions, also including recurring or automatic transactions. To manage the resource provider specific tokens, a user may simply send requests to the digital wallet provider using a single interface displayed on a user device rather than by logging into accounts for numerous resource providers and continuously entering updated account data.

PATENT: Private blockchain services; US 11,170,366 B2; 11/9/2021; CPC G06Q 20/382; 9 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: A personal blockchain is generated as a cloud-based software service in a blockchain environment. The personal blockchain immutably archives usage of any device, perhaps as requested by a user. However, some of the usage may be authorized for public disclosure, while other usage may be designated as private and restricted from public disclosure. The public disclosure may permit public ledgering by still other blockchains, thus providing two-way public/private ledgering for improved record keeping. Private usage, though, may only be documented by the personal blockchain.

PATENT: Systems and methods for distributed management of negative certificates for blockchain-based value exchange transactions; US 11,170,370 B1; 11/9/2021; CPC G06Q 20/3829; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A system and methods include a negative certificate authority for distributed management of negative certificates. An authorization restriction is associated with an untrusted user. A negative certificate generated for the untrusted user includes a public key associated with the untrusted user and an authorization restriction. The authorization restriction includes at least one global restriction, which is applicable to each consortium member that subscribes to the negative certificate. The authorization restriction includes at least one local restriction, which allows individual consortium members to further define their own locally applicable restrictions using the negative certificate authority. The negative certificate is accessible to each member of the consortium to enforce the authorization restriction against a transaction request. A secure contributor record including a unique cryptographically generated address is generated for each contributor. In some embodiments, the transaction request is a blockchain-based value exchange transaction, such as a payment transaction using fiat or math-based currency.

PATENT: Method, apparatus and electronic device for blockchain transactions; US 11,170,374 B2; 11/9/2021; CPC G06Q 20/4014; 15 claims; assigned to Advanced New Technologies Co., LTD.

ABSTRACT: A method for implementing blockchain-based transactions comprises: determining a transaction amount to be remitted from a remitter's blockchain account into a receiver's blockchain account, wherein a balance of the remitter's blockchain account comprises multiple reserve balances, and commitments of the reserve balances are recorded in a blockchain; selecting one or more of the reserve balances from the remitter's blockchain account, wherein the sum of the selected one or more reserve balances is not smaller than the transaction amount; and submitting to the blockchain a transaction comprising an identification of each of the selected one or more reserve balances and a commitment of the transaction amount, for the selected one or more reserve balances to be removed from the remitter's blockchain account and the transaction amount to be added to the receiver's blockchain account.

PATENT: Blockchain-based financing; US 11,170,437 B2; 11/9/2021; CPC G06Q 40/025; 16 claims; assigned to Advanced New Technologies Co., LTD.

ABSTRACT: A computer-implemented supply chain method includes obtaining, by a core node of a blockchain, from a ledger of the blockchain, a financing transaction published by a light node of the blockchain, in which the financing transaction includes account receivable information; determining, by the core node, a grant limit of financing, a repayment period of the financing, and a loan interest rate of the financing based on the account receivable information; and publishing, by the core node, to the ledger, a financing management smart contract, in which the financing management smart contract specifies the determined grant limit of the financing, the determined repayment period of the financing, and the determined loan interest rate of the financing, and in which the financing management smart contract is invocable by the light node to complete a management operation of the financing.

PATENT: System and method for enhanced electronic networked settlement processor; US 11,170,441 B2; 11/9/2021; CPC G06Q 40/04; 6 claims; assigned to NYSE Chicago, Inc.

ABSTRACT: 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. The clearing organization, upon acceptance and when it is certain of the requestor's final position in the futures contract, processes the election request against the requestor's final position and possibly submits an order on behalf of the requestor to the investment company which manages the mutual fund to purchase or redeem shares of the open-ended mutual fund in a quantity roughly the size of the requestor's final contract position.

PATENT: Auctioning mechanisms for dark order block trading; US 11,170,442 B2; 11/9/2021; CPC G06Q 40/04; 18 claims; assigned to NYSE Holdings LLC.

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

November 2, 2021

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

Financial industry business method patents reviewed herein:   10

PATENT: System and method for converting cryptocurrency to virtual assets whose value is substantiated by a reserve of assets; US 11,164,164 B2; 11/2/2021; CPC G06Q 20/06; 3 claims; assigned to Uphold Global Foundation.

ABSTRACT: A computer-based system converts cryptocurrency into a virtual asset. The system includes a user account database server configured to store data of a plurality of user accounts. The stored data pertains to each user account and indicates an accounting of obligations of the system to the user. The system also includes a cryptocurrency account server configured to receive, from a networked device of a user, a transfer of crypto currency, from an external cryptocurrency account. In response to receipt of such a transfer, the cryptocurrency account server is configured to update the data pertaining to the obligations of the system to the user. The system also includes a user interface server configured to receive a request from the user for conversion of cryptocurrency to an asset. In response to receipt of the request, the system updates the data pertaining to the user account of the user.

PATENT: Multi-asset blockchain network platform; US 11,164,165 B1; 11/2/2021; CPC G06Q 20/0655; 25 claims; assigned to Greenberg & Lieberman, LLC.

ABSTRACT: A multi-asset blockchain network platform is disclosed for defining a plurality of different assets, the plurality of different assets including at least a first digital asset of a first asset type and second asset of a second asset type, each of the first and second asset types including a respective asset identifier corresponding to a respective issuance program defining rules for issuing units of the respective asset on a blockchain. A plurality of accounts are created, the plurality of accounts including at least a first account and a second account. Asset units of the first digital asset are issued to the first account. Asset units of the second asset are issued to the first account. The asset units of the first digital asset are spent from the first account. The asset units of the first digital asset are retired.

PATENT: Card pre-staging automated teller machine (“ATM”) technology; Systems and methods for virtual currency exchange at a mobile event; US 11,164,167 B2; 11/2/2021; CPC G06Q 20/108; 14 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A mobile event payment (MEP) computing system used for exchanging virtual currency between a user and a merchant at a mobile event is provided. The MEP computing system includes a MEP computing device including a processor communicatively coupled to a memory device and in communication with at least a user device. The processor is programmed to store a user profile and a merchant profile for exchanging virtual currency, to receive a virtual currency delivery message, and to transmit a virtual currency delivery message to the user mobile device. The processor is programmed to receive a virtual currency payment message including an account identifier associated with the merchant, to electronically deduct the amount of virtual currency from the updated amount of virtual currency of user account, and to electronically add the paid virtual currency to the virtual currency of the account associated with the merchant profile.

PATENT: Techniques for conducting transactions utilizing cryptocurrency; US 11,164,181 B2; 11/2/2021; CPC G06Q 20/3823; 17 claims; assigned to Visa International Service Association.

ABSTRACT: Embodiments of the invention are directed to systems and methods for conducting a transaction utilizing a cryptocurrency. The user may fund a cryptocurrency account with his pre-existing cryptocurrency. An issuer may purchase cryptocurrency within a cryptocurrency exchange. The user may then utilize a payment device (e.g., a Crypto Debit Card) that is associated with a cryptocurrency balance to conduct a transaction with a merchant for goods and/or services. An authorization request message may be transmitted to the authorizing entity computer. The authorizing entity computer may determine a cryptocurrency amount corresponding to the fiat currency transaction amount of the authorization request message. A sell request message may be transmitted to an exchange that facilitates the sale of the cryptocurrency amount. If the sale is successful, the authorizing entity computer may transmit an authorization response message indicating that the transaction is approved and the merchant may release the purchased goods and/or services.

PATENT: Tokenizing sensitive data; US 11,164,183 B2; 11/2/2021; CPC G06Q 20/3829; 14 claims; assigned to Worldpay, LLC.

ABSTRACT: Included are embodiments for tokenizing sensitive data. Some embodiments of systems and/or methods are configured to receive sensitive data from a vendor, determine a token key for the vendor, and utilize a proprietary algorithm, based on the token key to generate a vendor-specific token that is associated with the sensitive data. Some embodiments include creating a token identifier that comprises data related to the token key sending the vendor-specific token and the token identifier to the vendor.

PATENT: Methods, systems, and devices for managing digital assets; US 11,164,186 B2; 11/2/2021; CPC G06Q 20/401; 20 claims; assigned to Standard Chartered Bank (Singapore) Limited.

ABSTRACT: Embodiments relate to methods, systems, devices, and computer readable medium for managing digital assets, such as cryptocurrencies and public key and private key pairs. The method may include forming a first payload (or the owner payload). The first payload may include the public key of the digital asset or a corresponding public address for the public key of the digital asset. The method may also include performing a proof of ownership setup process for an owner of the digital asset. The proof of ownership setup process may include generating a proof of ownership hash. The proof of ownership hash may be generated by hashing at least the first payload. The method may also include signing, using the private key of the digital asset, the proof of ownership hash to arrive at a signed proof of ownership hash.

PATENT: Virtual register look ahead engine; US 11,164,189 B2; 11/2/2021; CPC G06Q 20/42; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: A virtual assistant computing system may include a user device and a virtual assistant computing system. The virtual assistant computing system may include a first processor and a first non-transitory memory configured to receive, via a network from the user device, an input corresponding to a future electronic transaction expected to be initiated by a user and analyze information corresponding to the future electronic transaction to predict based on and a plurality of scheduled electronic transactions received from an external computing system, a future state of an electronic account associated with the user. The virtual assistant computing system may then cause display, on the user device via a network, a visualization of the future state of the electronic account based on the future electronic transaction and the plurality of scheduled electronic transactions.

PATENT: Stable cryptocurrency coinage; US 11,164,250 B2; 11/2/2021; CPC G06Q 40/04; 6 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: A multi-coin mechanism for maintaining a stable value of cryptographic coinage traded in a decentralized market exchange without requiring a reserve. Multiple, pegged cryptographic tokens are traded in the reserveless decentralized market exchange. Each of the multiple, pegged cryptographic tokens may be pegged to a different asset (such as different currencies and/or commodities). The multiple, pegged cryptographic tokens are value related based on cryptographic exchange rates. Whenever a market transaction is processed (such as a buy or sell order), at least one of a destruction operation and a creation operation are performed. The destruction operation destroys at least one of the pegged cryptographic tokens, while the creation operation creates new ones of the pegged cryptographic tokens n. The multi-coin mechanism thus implements a decentralized and algorithmic monetary policy that removes and/or deposits cryptographic tokens to/from the reserveless decentralized market exchange to alter supply and to maintain stable coinage values.

PATENT: Computer-generated graphical user interface; US 11,164,251 B1; 11/2/2021; CPC G06Q 40/04; 28 claims; assigned to Winklevoss IP, LLC.

ABSTRACT: Methods for computer generation of graphical user interfaces are disclosed. The interfaces may provide representations of electronic order book data, including prospective orders and the impact of the prospective orders on the order book. Generating the graphical user interfaces can comprise calculating cumulative digital asset purchase order volumes and cumulative digital asset sell order volumes that are available in the order book at each order price. Graphical representations of a prospective order and a post-order order book may be generated and overlaid on the current order book graphical representation.

PATENT: Blockchain instrument for transferable equity; US 11,164,254 B1; 11/2/2021; CPC G06Q 40/04; 30 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.

October 26, 2021

Total CPC G06Q Subclass (business methods) patents issued:  187

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain-based transaction kiosk; US 11,157,887 B1; 10/26/2021; CPC G06Q 20/18; 19 claims; assigned to Bitaccess Inc.

ABSTRACT: The systems and methods described herein provide for facilitating in-person payments at a transaction kiosk. First, the system provides an authentication interface for display at a network-enabled transaction kiosk. A user is authenticated at the kiosk via the authentication interface, and based on that authentication, the system detects a payment application and a payment request corresponding to the user, wherein the payment application is associated with a service provider and the payment request was created with the payment application. Next, the system identifies a user interface scheme associated with the payment application, and then updates the user interface for display at the transaction kiosk to match the user interface scheme, then initiates a blockchain payment based on the payment request.

PATENT: System and method for enhancing financial transactions at a point-of-sale; US 11,157,888 B2; 10/26/2021; CPC G06Q 20/20; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: Embodiments of the disclosure enable a computing system to enhance one or more financial transactions. The computing system identifies a cardholder account used to enter into a financial transaction, identifies a merchant and/or a primary product associated with the financial transaction, analyzes cardholder data associated with the cardholder account and account data associated with the merchant and/or the primary product to determine a secondary product, generate presentation data for presenting product information associated with the secondary product, and receive selection data associated with the secondary product such that the financial transaction is enhanced with the secondary product.

PATENT: Methods and systems for prepaid mobile payment staging accounts; US 11,157,889 B2; 10/26/2021; CPC G06Q 20/28; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT: Methods, apparatus and computer readable media for provisioning a prepaid mobile staging account to consumer mobile devices are disclosed. In an embodiment, a staging account provider computer receives a request to provision a prepaid mobile payment staging account from a prepaid staging account application program running on a consumer's mobile device, wherein the request includes identification information. The staging account provider computer then associates the identification information with a staging account program developed by a primary issuer comprising at least one a pre-packaged prepaid mobile account, identifies a financial account of the consumer held by the primary issuer, generates a pre-packaged prepaid mobile staging account from the staging account program of the primary issuer which is loaded with funds from the consumer's financial account, and transmits a confirmation message indicating successful setup to the consumer's mobile device.

PATENT: Offline transactions using a primary electronic device or a secondary electronic device coupled thereto; US 11,157,890 B2; 10/26/2021; CPC G06Q 20/3224; 20 claims; assigned to PayPal, Inc.

ABSTRACT: An offline transaction is conducted using a primary electronic device or a secondary electronic device communicatively coupled to the primary electronic device. A geographical zone where Internet connectivity is unreliable is determined for the primary electronic device. A detection is made that the primary electronic device is about to enter the geographical zone. In response to the detecting, an amount of funds is made electronically available offline for the primary electronic device. An offline electronic transaction is conducted using the primary electronic device based on the amount of funds. The offline electronic transaction is conducted within the geographical zone.

PATENT: Transaction data tokenization; US 11,157,896 B2; 10/26/2021; CPC G06Q 20/36; 8 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A system and method of tokenizing sensitive cardholder payment information for use in cashless transactions includes receiving a request to process a cashless transaction between a merchant and a purchaser using first payment data stored with an electronic wallet provider on behalf of the purchaser. First payment data is retrieved from the electronic wallet provider. The first payment data is tokenized into a payment token, and provided to the merchant for use in completing the cashless transaction using the payment token. The payment token is detokenized into second payment data being indicative of payment token authenticity. Payment for the cashless transaction is processed using the second payment data, and the merchant is provided with a response indicating either the success or failure of the payment processing.

PATENT: Methods and devices for managing access to account in blockchain system; US 11,157,897 B2; 10/26/2021; CPC G06Q 20/3674; 13 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Disclosed herein are methods, devices, and apparatuses, including computer programs stored on computer-readable media for managing access to an account in a blockchain system. One of the methods includes: receiving, from a first account of the blockchain system, a request for accessing a second account of the blockchain system; determining an account level of the first account based on the request; determining an account level of the second account; determining whether the account level of the first account satisfies an account condition based on the account level of the second account; and permitting the request for accessing the second account based on a determination that the account level of the first account satisfies the account condition.

PATENT: Token generation in providing a secure credit card payment service without storing credit card data on merchant servers; US 11,157,902 B1; 10/26/2021; CPC G06Q 20/385; 16 claims; assigned to State Farm Mutual Automobile Insurance Company.

ABSTRACT: A method and system may provide a secure credit card payment service which allows a merchant to store credit cards without storing credit card data on merchant servers. The customer, via a web-enabled device, transmits a request to register a credit card and receives from the merchant server, a credit card registration webpage including a first entry field for entering credit card data, and a second entry field for entering customer data for the credit card. In response to receiving the credit card data, the customer data, and a selection of a submit button, the web-enabled device transmits the credit card data to a token server that stores the credit card data and receives a token from the token server. In response to receiving the token, the web-enabled device transmits the token and the customer data to the merchant server to be stored for processing subsequent credit card payments.

PATENT: System and method for executing synchronized trades in multiple exchanges; US 11,157,998 B2; 10/26/2021; CPC G06Q 40/04; 39 claims; assigned to Renaissance Technologies LLC.

ABSTRACT: A financial trading system that includes a trading server, multiple financial exchanges, and multiple servers with each server associated with and co-located at an exchange and comprising a high accuracy clock. The trading server divides a large transaction order into multiple smaller transaction orders and combines each smaller transaction order with a transaction execution time. The trading server sends a financial trade instruction based on each combined smaller transaction order and transaction execution time to each co-located server. When the high accuracy clock on each server reaches the transaction execution time, all the servers submit their smaller transaction orders to the respective financial exchanges substantially simultaneously.

PATENT: Distributed data processing; US 11,157,999 B2; 10/26/2021; CPC G06Q 40/04; 60 claims; assigned to Nasdaq, Inc.

ABSTRACT: 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. The first processor receives and processes data order messages for the first security, and maintains a first order book that stores outstanding orders for the first security. The second processor receives and processes received data order messages for the second security, and maintains a second order book that stores outstanding orders for the second security.

PATENT: Systems and methods for simultaneous placement of an order object in multiple order books of an automated exchange system; US 11,158,001 B2; 10/26/2021; CPC G06Q 40/04; 18 claims; assigned to Nasdaq Technology AB.

ABSTRACT: The technology described herein relates to an automated marketplace system for exchanging tradeable instrument(s). In particular, the technology described herein relates to an automated exchange system that simultaneously places order objects in multiple order book memories and updates orders that are stored in the multiple order book memories for consistency.

October 19, 2021

Total CPC G06Q Subclass (business methods) patents issued:  185

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for withdrawal consolidation; US 11,151,525 B2; 10/19/2021; CPC G06Q 20/065; 17 claims; assigned to Coinbase, Inc.

FIELD: This invention relates generally to the cryptocurrency field, and more specifically to a new and useful system and method for providing withdrawal consolidation in the cryptocurrency field. The invention has systems and methods for performing consolidation of several cryptocurrency payments by using a non-custodial cryptocurrency platform.

PATENT: Systems and methods for establishing and enforcing transaction-based restrictions using hybrid public-private blockchain ledgers; US 11,151,526 B2; 10/19/2021; CPC G06Q 20/0655; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The disclosed embodiments include computerized systems and methods that generate secured blockchain-based ledger structures that facilitate event-based control of tracked assets. In one embodiment, an apparatus associated with a rules authority of the secured blockchain-based ledger may obtain data indicative of an initiated transfer of funds between parties, and may access and decrypt a set of restrictions imposed on the initiated transfer and a set of rules associated with the restrictions, which may hashed into the secured blockchain-based ledger using a confidentially-held master cryptographic key.

PATENT: Systems configured to manage cryptocurrency wallets having cost basis tracking and methods of use thereof; US 11,151,527 B2; 10/19/2021; CPC G06Q 20/0655; 14 claims; assigned to Capital One Services, LLC.

ABSTRACT: Cryptocurrency can be stored in a plurality of cryptocurrency wallets associated with a plurality of respective users and managed by establishing a unit cost basis value for each cryptocurrency unit in a fiat currency. For example, a purchase request is received by a server computer from a user device. The purchase request is associated with a merchant to be paid in a cryptocurrency chosen by a user and stored in a cryptocurrency wallet of the user. A cryptocurrency exchange from multiple cryptocurrency exchanges having the best cryptocurrency exchange rate is identified for converting the chosen cryptocurrency to the fiat currency. A gain for the purchase transaction is calculated when the best cryptocurrency exchange rate is greater than the unit cost basis value of the chosen cryptocurrency stored in the cryptocurrency wallet of the user. The fiat currency converted in the identified cryptocurrency exchange is received from the cryptocurrency exchange to pay the merchant.

PATENT: Cryptographic and fiat currency mechanics; US 11,151,549 B2; 10/19/2021; CPC G06Q 20/3678; 24 claims; assigned to KRNC Inc.

ABSTRACT: A system and method for bootstrapping a cryptographic ledger based on stake in a fiat currency. Stake can be verified using proof of cash systems involving anti-spoofing, anti-counterfeiting, and remote verification and transaction functionality. Stake can further or otherwise be verified using proof of balance systems involving verification of one or more balances using a service of a financial institution or data provider. These systems, together or separately, can be utilized to implement a cryptographic currency and application platform enabling financial transaction and general computing capabilities, in accordance with various embodiments of the invention.

PATENT: Token service provider for electronic/mobile commerce transactions; US 11,151,550 B2; 10/19/2021; CPC G06Q 20/3821; 20 claims; assigned to PayPal, Inc.

ABSTRACT: A method for verifying transactions is discussed. The method includes receiving a transaction request for performing a transaction between a user account and a merchant account. The method includes determining, based on authentication of the user account, a common identifier associated with the user account, the common identifier indicating the user account being authorized for use at a plurality of merchant accounts including the merchant account. The method includes determining a payment token for performing the transaction, the determining the payment token based on the common identifier and a user associated with the user account. The method also includes providing the payment token for completing the transaction.

PATENT: Location dependent trader voice recording; US 11,151,648 B2; 10/19/2021; CPC G06Q 40/04; 19 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Systems and method for recording voice/audio during a trade activity. The system includes a trader device, a domain name server (DNS), and one or more voice recorders. A trade request to conduct the trade activity in a regional location is accessed via the system. The trade request includes trader DNS information based on the trader device for identifying the location of the trader in the regional location. The system identifies the trader, and one or more trade locations where the trader is authorized to trade, and generates a recording request upon determining that trades in the regional location are authorized. The generated recording request includes a single URL as the default recorder DNS information. The system further identifies a regional recording device in the regional location based on the trader DNS information and a trade rule, and updates the single URL based on the regional recording device DNS information.

PATENT: Generating market information based on causally linked events; US 11,151,649 B2; 10/19/2021; CPC G06Q 40/04; 6 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Certain embodiments provide systems, apparatus, and methods to analyze incoming data messages and create market information constructs. An example method includes receiving a data message including an instruction to initiate a market event. The example method includes evaluating the instruction to determine whether it is associated with two or more causally linked market events. The example method also includes classifying the instruction based on the evaluating as part of a sequence of causally linked market events or as a single market event. The example method includes queuing the sequence of causally linked market events. The example method further includes detecting an end of the sequence of causally linked market events. The example method includes constructing a logically reduced market data message construct descriptive of the one or more market events represented by the queued sequence of causally linked events.

PATENT: Hybrid trading system for concurrently trading securities or derivatives through both electronic and open-outcry trading mechanisms; US 11,151,650 B2; 10/19/2021; 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: System and method for operating a family of mutual funds or ETFs; US 11,151,651 B1; 10/19/2021; 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: Diverse options order types in an electronic guaranteed entitlement environment; US 11,151,652 B2; 10/19/2021; CPC G06Q 40/04; 26 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.

October 12, 2021

Total CPC G06Q Subclass (business methods) patents issued:  176

Financial industry business method patents reviewed herein:   10

PATENT: Method and system for securing smart contracts in blockchains; US 11,144,893 B2; 10/12/2021; CPC G06Q 20/06; 20 claims; assigned to NEC Corporation.

ABSTRACT: A method for securing smart contracts in a blockchain includes receiving in the blockchain a contract creation transaction having a control flow graph (CFG) and contract code for a smart contract to be created. The contract creation transaction is verified by checking a signature of a creator of the smart contract and determining that the CFG is correct based on the contract code. The verified contract creation transaction is included as a block in a distributed ledger of the blockchain.

PATENT: Optimized multiple digital wallet presentation; US 11,144,903 B2; 10/12/2021; CPC G06Q 20/277; 20 claims; assigned to PayPal, Inc.

ABSTRACT: Methods and systems for facilitating a digital wallet transaction are described herein. A service provider identifies and recommends the most applicable digital wallets for a user based on various factors, such as user location, type and amount of purchase, type of merchant, and/or mood of the user. The service provider may also rank the recommended digital wallets and/or determine how many should be presented to a user. During merchant checkout, the user is presented with the recommended digital wallets, and the user selects one of the digital wallets to fund the purchase.

PATENT: Rule-based token service provider; US 11,144,914 B2; 10/12/2021; CPC G06Q 20/38215; 20 claims; assigned to PayPal, Inc.

ABSTRACT: Methods and systems are provided to receive token context data from a token request, determine parameters of a custom token, and generate and communicate the custom token. Tokens may be generated that are compatible with one or more payment providers from a plurality of possible payment providers. Data related to current and future conditions of the payment providers, merchant preferences, customer preferences, locations of the merchant, customer, and/or the transaction, and regulatory rules may be used to select the payment provider.

PATENT: Method, apparatus and electronic device for blockchain transactions; US 11,144,918 B2; 10/12/2021; CPC G06Q 20/389; 20 claims; assigned to Advanced New Technologies Co., LTD.

FIELD: One or more embodiments of the present specification relate to the technical field of blockchains, particularly to a method, apparatus, and electronic device for implementing blockchain-based transactions.

PATENT: Generation and provisioning of digital tokens based on dynamically obtained contextual data; US 11,144,921 B2; 10/12/2021; CPC G06Q 20/4014; 19 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The disclosed exemplary embodiments include computer-implemented systems, apparatuses, and processes that, among other things, generate and provision digital tokens based on dynamically obtained contextual data. For example, an apparatus may receive first information that characterizes an exchange of data initiated by a first application program executed by the apparatus, and may generate and transmit a signal to a computing system through a programmatic interface associated with a second application program executed by the apparatus.

PATENT: Facilitating peer-to-peer transactions using virtual debit accounts of virtual wallets; US 11,144,924 B2; 10/12/2021; CPC G06Q 20/40145; 20 claims; assigned to Mastercard International Incorporated.

ABSTRACT EXCERPT: The disclosure facilitates transactions between virtual debit accounts associated with corresponding transaction applications. A transaction initiation request including a transaction amount is received by a sender transaction application on a sender computing device. A recipient transaction application is detected within a proximity of the sender computing device by the sender transaction application. A virtual debit account associated with a virtual wallet of the sender transaction application is accessed and a transfer of the transaction amount is initiated from the accessed virtual debit account to a corresponding virtual debit account associated with the recipient transaction application.

PATENT: Blockchain-based recordkeeping method and apparatus; US 11,144,926 B2; 10/12/2021; CPC G06Q 20/40145; 12 claims; assigned to Advanced New Technologies Co., LTD.

ABSTRACT: One or more embodiments of the application provide a method and apparatus for blockchain-based recordkeeping, which are applicable to a self-service vending terminal. The self-service vending terminal is a node of a blockchain. The method includes: obtaining first record information, wherein the first record information is generated based on identification information of a target buyer; receiving second record information, wherein the second record information is generated based on purchase live stream data associated with the target buyer; generating a target transaction based on the first record information and the second record information; and sending the target transaction to a distributed database of a blockchain, for the target transaction to be recorded in the distributed database of the blockchain in response to the target transaction being verified by nodes of the blockchain based on a consensus.

PATENT: Computer systems for selective transmission; US 11,144,992 B1; 10/12/2021; CPC G06Q 40/04; 22 claims; assigned to CFPH, LLC.

ABSTRACT: Various embodiments are directed to a trading system and method for indicating trading interests. A wrapped liquidity notice may be provided to a user, in which the wrapped liquidity notice provides first information about a trading interest of at least one other user. The user may request to unwrap the liquidity notice. Responsive to the request, the liquidity notice may be at least partially unwrapped to provide to the user second information about the trading interest. The liquidity notice may be unwrapped additional times to reveal additional information about the trading interest. Exemplary information that may be unwrapped for the user comprises information about the buy/sell side, trading product, price, and quantity of the trading interest.

PATENT: Delay-free matching for deemphasizing effects of speed differentials among price-makers; US 11,144,993 B2; 10/12/2021; CPC G06Q 40/04; 20 claims; assigned to Thomson Reuters Global Resources Unlimited Company.

ABSTRACT: The invention relates to improved computer systems mitigating the effects of computational incongruencies of Electronic Trading Venue ("ETV") computers based on selection of orders, received at the ETV via a network from the computers, using randomization and delay-free mechanisms. To address High Frequency Trading and improve the efficiency of the computer system of an ETV, the system may immediately, without introducing a batching or randomization delay, place maker orders into an electronic order book. If a taker order is received that is price-compatible with previously received maker orders in the electronic order book, the system may batch the maker orders in the electronic order book for randomization. As such, batching and randomization processes do not use network and computational resources of the computer system unless they are actually necessary, and are typically not employed when maker orders are canceled after their initial entry into the electronic order book.

PATENT: Blockchain-based system and method for listing document transformation and accountability; US 11,145,017 B2; 10/12/2021; CPC G06Q 50/167; 22 claims; assigned to Side, Inc.

ABSTRACT: A method for listing document transformation and recordation is provided. Listing documents are selected from a library for a property listing. Data values are received via at least one of the listing documents. Relevant data fields within at least one listing document is updated with the received data values. Disclosure information regarding the property is received and further listing documents are added to the listing documents based on the disclosure information to form an active document set. Listing compliance rules are applied to the set of active documents to determine compliance. The active documents are recorded as a data block and provided to a tier of supernodes. The data block is added to a ledger of transactions via one of the supernodes. A copy of the data block is stored on each supernode. An immutable record of the data block is committed to a further tier of nodes.

October 5, 2021

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

Financial industry business method patents reviewed herein:   10

PATENT: Method and system for dispute resolution in a public blockchain; US 11,138,572 B2; 10/5/2021; CPC G06Q 20/0658; 16 claims; assigned to MasterCard International Incorporated.

FIELD: The present disclosure relates to dispute resolution for blockchain transactions, specifically the use of a dispute resolution process between a merchant and consumer that results in a new blockchain transaction that effects a reversal of the disputed blockchain transaction.

PATENT: Method and system for net settlement of withheld funds via blockchain; US 11,138,576 B2; 10/5/2021; CPC G06Q 20/10; 16 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for minimizing inter-bank settlement through incremental updates stored via blockchains includes storing three blockchains: a balance blockchain updated periodically that includes an available balance for a plurality of blockchain wallets, a credit blockchain that includes credits made to a blockchain wallet, and a debit blockchain that includes payments made from the blockchain wallet. Holds are placed on related transaction accounts to enable the blockchain wallets to utilize payments made thereto without the need for a transaction account, where the holds are only updated when necessary based on periodic updates to the balance blockchain, thus minimizing settlements performed by the issuing institutions, thus reducing inter-bank settlements and enabling payees to receive payments from a transaction account without their own.

PATENT: NFC cookies for enhanced mobile transactions and payments; US 11,138,585 B2; 10/5/2021; CPC G06Q 20/322; 17 claims; assigned to PayPal, Inc.

ABSTRACT: Methods, systems, and computer program products for providing enhanced mobile transactions and payments are disclosed. A computer-implemented method may include receiving a request to provide an enhanced merchant experience available for a merchant to one or more consumers participating in mobile transactions with the merchant, receiving a merchant identifier from a system involved in processing a mobile transaction for the merchant, determining whether to provide the enhanced merchant experience to a user involved in the mobile transaction with the merchant, determining when to provide the enhanced merchant experience to the user involved in the mobile transaction with the merchant, and providing the enhanced merchant experience to the user involved in the mobile transaction with the merchant during the transaction, at completion of the transaction, or after completion of the transaction.

PATENT: Systems and methods for supporting legacy and tokenized e-commerce; US 11,138,589 B2; 10/5/2021; CPC G06Q 20/36; 16 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: System and methods for supporting legacy and tokenized transactions are disclosed. According to one embodiment, in an information processing device comprising at least one computer processor, a method for selecting an electronic payment credential to communicate to a merchant, may include (1) an electronic wallet backend receiving a plurality of payment credentials associated with a payment account; (2) the electronic wallet backend receiving a credential capability for a merchant; (3) the electronic wallet backend selecting one of the payment credentials for a transaction with the merchant based on the credential capability; and (4) the electronic wallet backend communicating the selected payment credential to a point of transaction device for the merchant.

PATENT: Systems and methods for generating and administering mobile applications using pre-loaded tokens; US 11,138,591 B2; 10/5/2021; CPC G06Q 20/367; 20 claims; assigned to The 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: System and method for improving security of smart contract on blockchain; US 11,138,597 B2; 10/5/2021; CPC G06Q 20/38215; 15 claims; assigned to Adavnced New Technologies Co. LTD.

ABSTRACT: A computer-implemented method for improving security of smart contract comprises: obtaining a first and a second transactions both invoking a smart contract, wherein the first transaction is associated with a protection condition; executing the second transaction and updating a current state of the smart contract; determining whether the updated current state of the smart contract satisfies the protection condition; in response to determining that the updated current state satisfies the protection condition, executing the first transaction, and recording the second and the first transactions into a data block for adding to a blockchain; and in response to determining that the updated current state does not satisfy the protection condition, recording the second transaction into another data block for adding to the blockchain, without executing the first transaction.

PATENT: Method and system for consent to time-bound queries in a blockchain; US 11,138,598 B2; 10/5/2021; CPC G06Q 20/3825; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for automatically provisioning data for an opaque blockchain based on prior consent includes: receiving a consent request including transaction criteria and at least two digital signatures, the first digital signature generated by a regulating entity and the second digital signature generated by a moderating entity in a blockchain network; validating the first and second digital signature; digitally signing the received consent request using a private key of a first cryptographic key pair; transmitting the digitally signed consent request to the regulating entity; receiving a query request from the regulating entity, the query request including an executable query; executing the executable query to identify transaction data for electronic transactions in compliance with the transaction criteria; and transmitting the identified transaction data to the regulating entity.

PATENT: Methods and apparatus for mortgage loan securitization based upon blockchain verified ledger entries; US 11,138,658 B2; 10/5/2021; CPC G06Q 40/02; 13 claims; assigned to Ranieri IP, LLC.

ABSTRACT: Apparatus and methods for aggregating Mortgage Loans based upon servicing records verified via a blockchain distributed ledger. The Blockchain is distributed to Participants in the Loan, such as the Borrowers, Regulators, Servicers, and Vendors. Participants may submit an aggregation criteria, such as for example a criteria used for selecting loans to be included in a securitization pool. The present disclosure further provides a method for homogenizing a variety of loan criteria and memorializing execution of a smart contract on the Blockchain.

PATENT: System and method for asymmetric offsets in a risk management system; US 11,138,660 B2; 10/5/2021; CPC G06Q 40/04; 17 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A system and method for using asymmetrical offsets for products in a risk management analysis system are disclosed. Conventional systems assign symmetrical offsets for products, that is, if two products have an 80% correlation they each would be assigned an offset of 80% with respect to each other. However, it is desirable to allow for asymmetrical offsets. In the disclosed system and method, when two products have a correlation of 80%, one may be assigned an offset of 75% and the other may be assigned an offset of 80%. There are many reasons to vary the offset between the products. The varying offset may reflect an asymmetry in the risk in one of the products, such as being traded in an illiquid market or in a less desirable venue. The varying offset may correct for an imbalance in spread credits due to special charges from intra spreading.

PATENT: Systems and methods for checking model portfolios for actively managed funds; US 11,138,666 B2; 10/5/2021; CPC G06Q 40/06; 31 claims; assigned to NYSE American LLC.

ABSTRACT EXCERPT: Embodiments include systems and methods for evaluating the integrity of a model portfolio designed to have substantially the same values, returns, or risk characteristics as a financial instrument.

September 28, 2021

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

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for distributed peer to peer analytics; US 11,132,660 B2; 9/28/2021; CPC G06Q 20/223; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: A method of operating a distributed peer to peer analytics system of a permissioned distributed ledger is provided. The system includes a plurality of node computing devices in operable communication with each other over an electronic network.

PATENT: System and method for implementing distributed transactions for a group pay; US 11,132,661 B1; 9/28/2021; CPC G06Q 20/29; 20 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: The invention relates to a method and system that processes a plurality of transactions shared by a group of members. A mobile device comprises: a memory; and a computer processor, coupled to the memory, programmed to: identify a plurality of members of a group sharing an event; identify a plurality of transactions made by each member of the group; determine whether each transaction is relevant to the event; automatically add each relevant transaction to the group; automatically categorize each transaction into a category associated with the event; and access, via an interactive display on the mobile device, a running total of expenses associated with the event and an individual share for a member of the group at a point in time.

PATENT: Rapid online payment system; US 11,132,662 B2; 9/28/2021; CPC G06Q 20/322; 20 claims; assigned to PayPal, Inc.

ABSTRACT EXCERPT: A method for online payments includes receiving an instruction to start a payment application. Payment tag information is then received and sent over a network. Product information that is associated with the payment tag information is then received over the network and displayed on a first payment page that includes a request for payment account credentials. The first payment page is provided through the payment application immediately following the sending of the payment tag information.

PATENT: Securing contactless payment performed by a mobile device; US 11,132,664 B2; 9/28/2021; CPC G06Q 20/3224; 10 claims; assigned to Nagravision S.A.

ABSTRACT EXCERPT: The method, the mobile device, and the payment terminal of the invention relate to security of contactless payment performed during a purchase of products or services by using a short-range wireless communication between the mobile device and the payment terminal. Various external parameters associated to the payment transaction may be exchanged between the mobile device and the payment terminal.

PATENT: Service processing method and apparatus; US 11,132,664 B2; 9/28/2021; CPC G06Q 20/3224; 10 claims; assigned to Advanced New Technologies Co. LTD.

ABSTRACT: Embodiments of the application provide methods and apparatuses for transaction processing. One method comprises: receiving a first transaction result from a first server, wherein the first transaction result is generated in response to a first transaction request from a client; determining a type corresponding to the first transaction result; generating a second transaction result matching the type corresponding to the first transaction result; and sending the generated second transaction result to the client in response to a second transaction request from the client.

PATENT: Gesture-controlled payment instrument; US 11,132,671 B2; 9/28/2021; CPC G06Q 20/3278; 7claims; assigned to Visa International Service Association.

ABSTRACT: The present disclosure relates to user authentication using a contactless payment instrument. The contactless payment instrument includes a contactless chip and a gesture control module. The user makes one or more gestures at an access device during a card-present transaction scenario and the gestures are validated and the authentication status is determined by matching the gesture made by the user at the time of the transaction with one or more predefined gestures. If the authentication is successful, the payment instrument transmits the payment information required for conducting the transaction.

PATENT: Use of secure chips for storage of hashed data and private keys in hardware cryptowallets; US 11,132,673 B1; 9/28/2021; CPC G06Q 20/3678; 14 claims; assigned to Safewallet PTE. LTD.

ABSTRACT EXCERPT: A cryptowallet includes a microcontroller configured to communicate with a cryptowallet application running on a host; a touch display connected to the microcontroller and used to input a PIN code and a mnemonic seed for the cryptowallet for each cryptocurrency, and to output a destination address for a transaction and the mnemonic seed; a secure cryptoprocessor having storage and cryptographic logic.

PATENT: Parallel execution of transactions in a blockchain network; US 11,132,676 B2; 9/28/2021; CPC G06Q 20/389; 14 claims; assigned to Advanced New Technologies Co. LTD.

ABSTRACT: Implementations of this specification include identify a plurality of transactions to be executed in the blockchain, wherein the transactions are arranged in an execution order, and wherein the execution order includes a contract call arranged after the plurality of transactions; identify groups of transactions within the plurality of transactions, wherein each transaction in each group is associated with a same account in the blockchain network as the other transactions in the group; instruct nodes of the blockchain network to execute each of the groups of transactions in parallel, wherein executing each group of transactions includes executing the transactions within the group serially and according to the execution order; determine that the nodes of the blockchain network have completed executing all of the groups of transactions; and in response, instruct the nodes of the blockchain network to execute the contract call.

PATENT: Method, apparatus and electronic device for blockchain transactions; US 11,132,677 B2; 9/28/2021; CPC G06Q 20/389; 20 claims; assigned to Advanced New Technologies Co. LTD.

ABSTRACT: The application provides a method, apparatus, and electronic device for implementing blockchain-based transactions. The method comprises: determining a plurality of blockchain-based transactions to be executed among a transaction-initiating party, a transaction-relay party, and a transaction-target party in a blockchain; generating common transaction data and first independent transaction data, wherein: the common transaction data is related to the plurality of blockchain-based transactions, and the first independent transaction data is related to one or more of the plurality of blockchain-based transactions involving the transaction-initiating party; obtaining second independent transaction data, wherein: the second independent transaction data is related to one or more of the plurality of blockchain-based transactions involving the transaction-relay party; and submitting a consolidated transaction related to the plurality of blockchain-based transactions to the blockchain, wherein the consolidated transaction comprises the common transaction data, the first independent transaction data, and the second independent transaction data.

PATENT: Systems and methods to provide account features via web based user interfaces; US 11,132,744 B2; 9/28/2021; CPC G06Q 40/02; 15claims; assigned to Visa International Service Association.

ABSTRACT: A portal to provide user interfaces to users to access and/or purchase account features in connection with websites of issuers. The user interfaces have white label configurability that allows the issuers to customize the labeling of the user interfaces such that the user interfaces can be perceived as part of the websites of the issuers of the consumer accounts of the respective users. The user interfaces are configured to present, in a user friendly way, the account features currently in the consumer accounts, as well as optional account features that can be purchased at additional costs.

September 21, 2021

Total CPC G06Q Subclass (business methods) patents issued:  171

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain service data processing; US 11,126,974 B2; 9/21/2021; CPC G06Q 20/065; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Implementations of the present disclosure provide techniques to improve the security in blockchains by anonymizing the information of the service data. In some implementations, first service data is received from a plurality of blockchain nodes in a blockchain network. The first service data received from each blockchain node is associated with a first source address and a first destination address. Second service data is formed. The second source data includes a second source address that is formed based on a plurality of first source addresses and a plurality of first destination addresses associated with the first service data. The second service data is sent to a blockchain node of the plurality of blockchain nodes. The second service data is processed in response to receiving a verification message from the blockchain node verifying that the second service data includes a part of the first service data provided by the blockchain node.

PATENT: Systems and method for tracking behavior of networked devices using hybrid public-private blockchain ledgers; US 11,126,975 B2; 9/21/2021; CPC G06Q 20/0655; 24 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: The disclosed embodiments include computerized systems and methods for generating secured blockchain-based ledger data structures that track an ownership and usage of one or more assets, such as Internet-connected devices. In one instance, an apparatus associated with a rules authority of the secured blockchain-based ledger may detect an occurrence of a triggering event, and may access and decrypt a set of rules hashed into the secured blockchain-based ledger using a confidentially-held master cryptographic key. The apparatus may identify a rule associated with the detected event, and perform one or more operations consistent with the rule, including a determination of metrics indicative of a care, risk, and/or valuation of one or more of the Internet-connected devices, and additionally or alternatively, a modification of an operational or communicative functionality of the Internet-connected devices.

PATENT: Method and system for efficient transfer of cryptocurrency associated with a payroll on a blockchain that leads to an automated payroll method and system based on smart contracts; US 11,126,976 B2; 9/21/2021; CPC G06Q 20/0658; 24 claims; assigned to nChain Holdings Limited.

ABSTRACT EXCERPT: The invention relates to blockchain technologies such as the Bitcoin blockchain, and the tokenisation of assets or entities. It is particularly suited for implementing a payroll on a blockchain platform and comprises a method (100) and system (1) of transferring cryptocurrency from a first node (3) to a second node (7). Both nodes (3, 7) are associated with a payroll and have a respective asymmetric cryptography pair, each pair including a master private key and a master public key.

PATENT: Status information for financial transactions; US 11,126,978 B1; 9/21/2021; CPC G06Q 20/10; 11 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: An electronic computing device receives a request from a third party for status information for a financial transaction. The request includes an identifier for the third party and an identifier for the financial transaction. The third party is authenticated using the identifier for the third party. A data store is queried using the identifier for the financial transaction to determine the status information for the financial transaction. Any contingency information associated with the financial transaction is updated. The status information and contingency information are returned to the third party.

PATENT: Systems and methods for token linking and unlinking in digital wallets; US 11,126,980 B2; 9/21/2021; CPC G06Q 20/105; 13 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Systems and methods for token linking and unlinking in digital wallets are disclosed. In one embodiment, a method for token linking in digital wallets may include: an issuer wallet application executed by the information processing device requesting, from a token vault, an identification of a customer's accounts that are eligible for push-provisioning to a third party wallet application executed by the information processing device; receiving the identification of customer accounts from the token vault; identifying accounts provisioned in the third party wallet application; determining accounts from the customer accounts that have not been provisioned to the third party wallet application to provision to the third party wallet application; provisioning the determined accounts to the third party wallet application; and requesting the token vault link a token associated with the provisioned account to an issuer wallet associated with the issuer wallet application.

PATENT: Geofenced payments; US 11,126,990 B1; 9/21/2021; CPC G06Q 20/22; 23 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A geographic location is received in which a payment recipient is to perform a task. A geolocation system determines that the recipient is at the geographic location based on information received from a mobile device of the recipient. Payment is electronically transferred to the recipient for completion of the task via a payment network. The payment is transferred responsive to determining that the recipient is at the geographic location.

PATENT: Reducing blockchain transaction delay; US 11,127,000 B2; 9/21/2021; CPC G06Q 20/3674; 16 claims; assigned to Intel Corporation.

ABSTRACT: A system and method for reducing blockchain transaction delay are disclosed. The system consists of a trusted coin wallet framework that implements a trusted execution environment to initiate currency transactions between two clients. The trusted coin wallet framework includes an API proxy and a trusted shadow wallet. The method used by the trusted coin wallet framework involves interaction between the trusted shadow wallet and a peer trusted wallet owned by the other client, via the API proxy, from within the trusted execution environment. During these operations, the blockchain infrastructure is independently validating the transaction.

PATENT: Unique code for token verification; US 11,127,016 B2; 9/21/2021; CPC G06Q 20/4018; 20 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: Session-based electronic trading; US 11,127,076 B2; 9/21/2021; CPC G06Q 40/04; 27 claims; assigned to Goldman Sachs & Co. LLC.

ABSTRACT: An electronic trading method, system, apparatus and platform that facilitate dealer to client trading of financial instruments in a session-based format. In one embodiment, the electronic trading system establishes a trading session for a given financial instrument at a predetermined date and time. The electronic trading system presents a two-sided market and provides a guarantee of a minimum liquidity for the trading session. The electronic trading system then executes client orders based on time of order entry and allocation of available liquidity.

PATENT: Context based messaging; US 11,127,077 B2; 9/21/2021; CPC G06Q 40/04; 21 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.

September 14, 2021

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

Financial industry business method patents reviewed herein:   10

PATENT: Replaying tokenized payment transactions; US 11,120,430 B2; 9/14/2021; CPC G06Q 20/367; 20 claims; assigned to PayPal, Inc.

ABSTRACT EXCERPT: Methods, systems, and computer program products for replaying tokenized payment transactions are disclosed. A computer-implemented method may include generating or receiving a token for a tokenized payment transaction involving a merchant, creating an association between the token and the tokenized payment transaction, storing the association between the token and the tokenized payment transaction, providing the token to the merchant during the tokenized payment transaction to authorize payment, receiving a request from the merchant to provide the token during a subsequent transaction relating to the tokenized payment transaction, selecting a transaction record corresponding to the tokenized payment transaction to retrieve the token for the second transaction, and determining the token to provide to the merchant in the second transaction.

PATENT: System and method for securing transaction in a blockchain network; US 11,120,434 B2; 9/14/2021; CPC G06Q 20/3825; 33 claims; assigned to AnApp Technologies Limited.

ABSTRACT: A method for securing transaction in a blockchain network and a related system with a blockchain network. The blockchain network has information handling devices operably connected with each other. The information handling devices collectively maintain a blockchain ledger containing one or more transaction blocks with transaction information. The method includes validating a new transaction request to be added to the blockchain ledger. The validation includes digitally signing, at two or more of the information handling devices in the blockchain network, respectively, an interim block associated with the new transaction request, using a HASH value of the interim block and respective private keys of the two or more of the information handling devices. The method also includes verifying the one or more signed interim blocks for determining whether to add to the blockchain ledger a new transaction block containing the validated new transaction request and the at least two digital signatures.

PATENT: Registry and automated management method for blockchain-enforced smart contracts; US 11,120,437 B2; 9/14/2021; CPC G06Q 20/3829; 10 claims; assigned to nChain Holdings Limited.

ABSTRACT EXCERPT: The invention relates to the fields of tokenisation, blockchain and smart contract technologies. It provides a technical arrangement which simplifies the automated management of contracts. The invention comprises a method and system which use a computer-based repository for storage of the contract. The contract is then represented by a transaction on the blockchain. Metadata within the transaction's script includes a hash of the contract and a means of identifying its location within the repository. The transaction also includes an unspent output (UTXO) which indicates its status as an open (ie not terminated) contract. The contract is terminated by spending the output at a later point in time, for example, using n Lock Time+Check Lock Time Verify (CLTV).

PATENT: Cryptocurrency address security; US 11,120,438 B1; 9/14/2021; CPC G06Q 20/3829; 20 claims; assigned to Bitgo, Inc.

ABSTRACT: In an example, a network device is configured to generate a first public-private key pair. The network device is configured to receive, over an electronic network, public keys of two or more second public-private key pairs. The network device is configured to generate a digital currency address using the public keys of the two or more second public-private key pairs and a public key of the first public-private key pair.

PATENT: Securing data via multi-layer tokens; US 11,120,439 B2; 9/14/2021; CPC G06Q 20/3829; 18 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: A server includes a memory and a message processor. The memory stores a data record that includes a credential stored in association with an access restriction indicator, and further includes a cryptographic key. The processor is configured to receive from a network device an access request that includes the credential and a token. The token includes a first data layer and a second data layer that incorporates the first data layer and is encrypted with the cryptographic key. The processor is configured to determine that, prior to the access request, the credential was stored in the data record in association with the access restriction indicator; recover the first data layer from the token by (i) locating the cryptographic key in the data record, and (ii) decrypting the second encrypted data layer with the cryptographic key. The processor is configured to provide the network device with the first data layer.

PATENT: Multi-factor authentication (MFA) arrangements for dynamic virtual transaction token generation via browser extension; US 11,120,452 B2; 9/14/2021; CPC G06Q 20/409; 15 claims; assigned to Capital One Services, LLC.

ABSTRACT: Provided are arrangements requiring additional multi-factor authentication (MFA) in certain instances of dynamic virtual transaction token (e.g., virtual credit card token) generation via a browser extension. In the arrangements, the browser extension, when executed, may cause a browser to require a user to complete an initial multi-factor authentication (MFA). Once the browser extension has a record indicating a prior valid initial MFA for the user, the user allowed to request a transaction token. The browser extension may allow issuance of the transaction token upon an indication that the value needed does not exceed the predetermined value.

PATENT: Systems and methods for trading actively managed funds; US 11,120,499 B2; 9/14/2021; CPC G06Q 40/04; 22 claims; assigned to NYSE American LLC.

ABSTRACT: Systems and methods for improved intra-day valuations of a first portfolio are disclosed herein. Operations include receiving a listing of first identities for a first set of securities of a first portfolio, generating, a second portfolio configured to track the first portfolio, where the second portfolio has second identities that are identical to the first identities and a second set of weightings, calculating an intra-day value for the first portfolio by applying price feed information to the second portfolio in accordance with the second set of weightings, and publicizing the calculated intra-day value for the first portfolio without disclosing a first set of weightings corresponding to the first portfolio.

PATENT: Inter-product matrix; US 11,120,500 B2; 9/14/2021; CPC G06Q 40/04; 9 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: Capital chain information traceability method, system, server and readable storage medium; US 11,120,513 B2; 9/14/2021; CPC G06Q 40/12; 18 claims; assigned to Advance New Technologies Co., Ltd.

ABSTRACT: Methods, systems, and apparatus, including computer programs encoded on computer storage media, for tracing capital chain information are provided. One of the methods, implemented by a computing device, includes: receiving a query request for querying capital chain information of a target account; parsing the query request to obtain an account identifier of the target account and a query condition; retrieving, based on the account identifier from a blockchain system, a plurality of pieces of capital change information of the target account meeting the query condition, wherein the plurality of pieces of capital change information of the target account are pre-recorded in the blockchain system based on a consensus mechanism; and obtaining the capital chain information by linking the plurality of pieces of capital change information based on information associated with a timeline or a plurality of participants associated with the pieces of capital change information.

PATENT: Blockchain-based dispute resolution; US 11,120,517 B2; 9/14/2021; CPC G06Q 50/18; 16 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Disclosed herein are methods, systems, and apparatus, including computer programs encoded on computer storage media. One method includes: at a blockchain-based application, receiving a request for resolving a dispute between at least a first party and a second party. A time that the request is received on the blockchain is recorded. One or more potential dispute resolutions is received from one or more dispute resolution providers that are registered on the blockchain-based application. A first selection is received from the first party and a second selection from the second party. At least one of (i) at least one common potential dispute resolution between the first set of the one or more potential dispute resolutions and the second set of the one or more potential dispute resolutions, or (ii) that none of the potential dispute resolutions are acceptable to the first and second parties is determined.

September 7, 2021

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

Financial industry business method patents reviewed herein:   10

PATENT: Block mining methods and apparatus; US 11,113,676 B2; 9/7/2012; CPC G06Q 20/0655; 12 claims; assigned to Top Galore Limited.

ABSTRACT: Block chain mining methods and apparatus. A mid-state generator develops a plurality, n, of mid-states by selectively varying a portion of the block, and, in particular, the block header. A single message expander develops a message schedule by expanding a message in accordance with a predetermined expansion function; and the message schedule is shared with a plurality, n, of compressors, each developing a result as a function of the message schedule and a respective one of the n unique mid-states in accordance with a predetermined compression function. The compressors can be either rolled core or pipelined core.

PATENT: Data processing using proof-of-transfer; US 11,113,677 B1; 9/7/2012; CPC G06Q 20/0658; 20 claims; assigned to Hiro Systems PBC.

ABSTRACT: An improved blockchain implementation that uses proof-of-transfer to overcome the technical deficiencies of proof of work and proof-of-stake implementations is described herein. For example, the proof-of-transfer process may include elements of a single-leader election sortition, but modified to cause base chain cryptocurrency committed for the purposes of the sortition to be transferred to a burn address or at least one reward address.

PATENT: Device, system, and method for creating virtual credit card; US 11,113,684 B2; 9/7/2012; CPC G06Q 20/351; 10 claims; assigned to Tencent Technology (Shenzhen) Company Limited.

ABSTRACT: Device, system and method for creating virtual credit are provided. The method includes acquiring user real-name information from a user interface by a terminal device, wherein an electronic exchange account associating with the acquired user real-name information is not saved in a first server; sending the user real-name information to a second server; detecting if a credit card account associating with the user real-name information is saved in the second server, and creating a virtual credit card account if the credit card account is saved in the second server; and storing the virtual credit card associated with the virtual credit card account in the data storage of the first server.

PATENT: Card issuing with restricted virtual numbers; US 11,113,685 B2; 9/7/2012; CPC G06Q 20/352; 15 claims; assigned to Capital One Services, LLC.

ABSTRACT: Various embodiments are directed to applying, via contactless card authentication, one or more restrictions to a virtual card number and generating the card number for use by a recipient. The one or more restrictions may be specifically personalized to the recipient and may include, for example, a merchant restriction, an amount restriction, a time period restriction, or a location restriction. The generated virtual card number along with the applied one or more restrictions may be consumed in various ways, such as writing the number to a blank card, transmitting the number directly to the recipient's computing device, etc., all via near-field communication.

PATENT: System and method for a mobile wallet; US 11,113,686 B1; 9/7/2012; CPC G06Q 20/36; 13 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-implemented method includes receiving a request for a financial transaction between a mobile wallet of a user and a merchant; generating a displayable and scannable transaction code; sending the transaction code to one of a mobile device or the merchant for the other of the mobile device and the merchant to scan to request a transfer of funds from the mobile wallet of the user to the merchant; generating a verification request to confirm the information included in a transfer request; receiving a verification response confirming the information included in the transfer request; and transferring funds to the merchant upon receiving the verification response.

PATENT: Systems and methods for filtering digital content having a negative financial influence; US 11,113,757 B1; 9/7/2012; CPC G06Q 40/02; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer implemented method for filtering information delivered via a social media service. The method includes receiving social media data from the social media service at a social media computing system and analyzing the received social media data. Analyzing the received social media data comprises categorizing content within the received social media data as one or more of restricted content elements and unrestricted content elements. The restricted content elements and the unrestricted content elements are determined based on one or more predetermined parameters associated with a user profile. The method further including transmitting the unrestricted content elements to a user device.

PATENT: User interface for document imaging; US 11,113,758 B1; 9/7/2012; CPC G06Q 40/02; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Various examples are directed to systems and methods for facilitating image-based financial transactions. A computing device may display a multi-mode launch icon that is alternately selectable by a user in a first mode and in a second mode. The computing device may detect a first user input that selects the launch icon in the first mode and, in response, execute a first application. The computing device may also detect a second user input that selects the launch icon in the second mode and, in response, prompt the user to capture an image of a document with an imaging device. The computing device may determine, based at least in part on the image, that the document is of a first document type and execute a document-type routine to perform a first financial transaction based at least in part on the document.

PATENT: Systems and methods for implementing a platform for investing; US 11,113,761 B2; 9/7/2012; CPC G06Q 40/06; 20 claims; assigned to The Bank of New York Mellon.

ABSTRACT: In some embodiments, a request may be received from a customer via an interface, wherein the request indicates (i) a social media stream associated with the customer to be monitored for instances of investment triggering content (ITC). A customer account of the customer may be configured based on the request. The social media stream may be monitored for instances of ITC based on the customer account configuration. Responsive to the monitoring detecting an instance of ITC, a first amount may be withdrawn from the customer account, and a purchase of a quantity of shares of an investment fund may be executed on behalf of the customer using the withdrawn first amount.

PATENT: Advisory thresholds and alerts for managing position concentration risk; US 11,113,763 B2; 9/7/2012; CPC G06Q 40/06; 20 claims; assigned to Intercontinental Exchange Holdings, Inc.

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

PATENT: Blockchain-based service execution method and apparatus, and electronic device; US 11,113,769 B2; 9/7/2012; CPC G06Q 40/08; 28 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Appearance data of a target entity is collected as appearance data, where the target entity comprises a physical entity capable of accessing, as a member, a blockchain. The appearance data is registered in a distributed database associated with the blockchain as an identity of the target entity. A target transaction initiated by a member node device in the blockchain is received, where the target transaction comprises the appearance data of the target entity that is collected by the member node device and a service event that is related to the target entity and that is detected by the member node device. A smart contract that corresponds to the service event is invoked. Based on the identity indicated by the appearance data of the target entity, service logic stated in the smart contract is executed.

August 31, 2021

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

Financial industry business method patents reviewed herein:   10

PATENT: Providing out-of-band verification for blockchain transactions; US 11,107,048 B2; 8/31/2021; CPC G06Q 20/065; 9 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of receiving one or more transaction requests to complete one or more transactions, recording the one or more transaction requests in a blockchain, requesting one or more transaction confirmations from an out-of-band device to confirm the one or more transactions, and committing the one or more confirmed transactions to the blockchain.

PATENT: Methods for exchanging and evaluating virtual currency; US 11,107,049 B2; 8/31/2021; CPC G06Q 20/0658; 5 claims; assigned to Bprotocol Foundation.

ABSTRACT: There may be provided a secure ledger network for executing cryptocurrency transactions, the secure ledger network includes at least one hardware processor, a non-transitory machine-readable storage medium having an executable computer readable program code, the at least one hardware processor configured to execute the computer-readable program code to: receive, by the secure ledger network, a request to validate a smart contract that determines at least one rule for performing a transaction related to a first cryptocurrency token, wherein an execution of the transaction comprising determining a price of the first cryptocurrency token based on a status of the first cryptocurrency token, and a status of an other cryptocurrency token; determine whether to validate the smart contract; when determining to validate the smart contract then updating a secure ledger maintained by the secure ledger network with the smart contract; receiving, by the secure ledger network, a request to execute a transaction related to the first cryptocurrency token; performing the transaction by executing, by the secure ledger network, the smart contract; and updating the secure ledger about a completion of the transaction.

PATENT: Blockchain data processing methods, apparatuses, devices, and systems; US 11,107,075 B2; 8/31/2021; CPC G06Q 20/389; 13 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Implementations of the present specification disclose blockchain data processing methods, apparatuses, devices, and systems, including a computer-implemented method for blockchain data processing. Blockchain transaction data of a plurality of transaction participants is received. Each of the plurality of transaction participants provides a respective certificate indicating a respective legal membership in a blockchain. The respective legal membership enables processing of the blockchain transaction data. A mutual identity querying is performed to confirm whether each of the plurality of transaction participants has the respective legal membership in the blockchain. Supervision keys of a supervision node in the blockchain are determined, where the supervision node corresponds to a supervisor, and where the supervision keys are dynamically updated based on a predetermined rule. The blockchain transaction data is encrypted by using the supervision keys. The blockchain transaction data is stored.

PATENT: Methods, systems, apparatuses and devices for verifying credibility of consortium blockchain; US 11,107,079 B2; 8/31/2021; CPC G06Q 20/401; 18 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Methods, systems and apparatus, including computer programs encoded on computer storage media, for verifying credibility of a consortium blockchain, including obtaining, by a client device of a consortium blockchain that comprises a plurality of nodes, respective addresses of the plurality of nodes; sending, by the client device, a simplified payment verification (SPV) request to each node of the plurality of nodes based on the respective addresses of the plurality of nodes, wherein each SPV request comprises a digest hash of the transaction; receiving, at the client device, a respective verification result returned by each node of the plurality of nodes that received the SPV request; and determining, by the client device, credibility of the consortium blockchain based on a consistency degree of the respective verification results returned by the plurality of nodes.

PATENT: Passwordless authentication through use of device tokens or web browser cookies; US 11,107,080 B2; 8/31/2021; CPC G06Q 20/4014; 20 claims; assigned to PayPal, Inc.

ABSTRACT: There is provided systems and methods for passwordless authentication through use of device tokens or web browser cookies. A user may enter into a checkout process with a merchant for a transaction requiring electronic transaction processing with a service provider. The checkout process may be performed prior to or without the user having previously established an account with the service provider for electronic transaction processing. The user may therefore provide user information, such as a name and financial information, and an account for the user may be established. To establish the account, the user is not required to enter a password, and the password is automatically set by the service provider. The service provider may then establish a token on the user's device during transaction processing that later authenticates the device for use of the account during future transaction processing when the token is received.

PATENT: Digital finance: cash, credit, and investment instruments in a unified framework (BitMint); US 11,107,156 B2; 8/31/2021; CPC G06Q 40/02; 4 claims.

ABSTRACT: Presenting a framework for digital finance based on the notion of a unified digital expression to value and identity which carries this value--advancing beyond the standard form of digital finance where value (a number) is expressed without any coin, or bill identity. The solution is based on ordered financial bits (fbits) which may be comprised of ingredient fbits, or of elemental fbits which are qbits--real or simulated. As such this solution (BitMint) is ready for quantum computing when it materializes commercially. A BitMinted entity carries its terms of exchange, and redemption; it may carry its transactional history, and apply equally to cash, credit and investment instruments. It allows full operational flexibility to its controllers who mint and redeem it. The BitMinted entity, BitMint "coin", or simply "coin" will keep transacting even if the Internet is slow, or jammed. The coin may be cut to any small denomination desired, or lumped to any large sum of interest. It spans from international payments, to Internet-of-Things value exchange. The BitMint coin will flip at will from transactional privacy to transactional transparency, and back. Designed as a national currency framework, the BitMint coin lends itself to fair, efficient and transparent taxation. BitMint is the mathematically optimized solution to the objective of combining identity and value into a non-separable value carrier (coin).

PATENT: System and method for securely validating transactions; US 11,107,053 B2; 8/31/2021; CPC G06Q 20/12; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: In the embodiments of the invention a first authorization request message and a first verification value are received at a server computer. The verification value is validated and a second authorization request message with a second verification value is generated. The first verification value may be a dynamic value and the second verification value may be static value. The second verification value is associated with portable device used to perform a transaction and it is what the issuer computers of the portable device expect to receive as part of an authorization request message in a payment transaction.

PATENT: Erasable reusable check; US 11,107,064 B2; 8/31/2021; CPC G06Q 20/341; 7 claims; assigned to Bank of America Corporation.

ABSTRACT: Apparatus and methods for an erasable reusable check are provided. The method may include receiving in a card reader a microchip embedded in a check. The method may also include extracting from the microchip data identifying a payor name, a payor address, a bank account number of a payor bank account a routing number of the payor bank account, and pixelated data. The method may further include transforming the pixelated data into written text and creating an Image Replacement Document ("IRD") of the check. The IRD may include the payor name, the payor address, the bank account number, the routing number, and the written text.

PATENT: Contemporaneous payment technology; US 11,107,065 B1; 8/31/2021; CPC G06Q 20/341; 15 claims; assigned to Bank of America Corporation.

ABSTRACT: Typically, online payments require entering sensitive transaction information into a third-party web browser or application. This may expose sensitive transaction information to an increased risk of inadvertent disclosure. Apparatus and methods are provided for a smart card which enables users to securely complete online payments without entering any sensitive transaction information into a third-party system. The smart card may include a touch-sensitive screen configured to display selectable payment options. The smart card may include a microprocessor and wireless interface. The wireless interface may provide wireless communication capabilities and the ability to initiate online payments based on information captured by the touch-sensitive screen.

PATENT: Rotating accounts for transfers; US 11,107,055 B2; 8/31/2021; CPC G06Q 40/02; 26 claims; assigned to Visa International Service Association.

ABSTRACT: A system and method may create a user interface where a first account may be lined up in relation to a second account and a transfer may move value from the first account to the second account.

August 24, 2021

Total CPC G06Q Subclass (business methods) patents issued:  171

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain based bank checking network with paper checking enhancements; US 11,100,476 B1; 8/24/2021; CPC G06Q 20/06; 20 claims; assigned to TraDove, Inc.

ABSTRACT: Systems and methods for providing blockchain based paper checks (BC Checks) that may be redeemed without traditional coordination between financial institutions of participants.

PATENT: Systems and methods for linking high-value tokens using a low-value token; US 11,100,486 B2; 8/24/2021; CPC G06Q 20/206; 20 claims; assigned to Worldpay, LLC.

ABSTRACT EXCERPT: Embodiments include methods and systems for linking high-value tokens using a low-value token, comprising receiving, from an electronic data server, a first high-value token and a request for a low-value token, the first high-value token being associated with sensitive data associated with a user, and the low-value token being associated with a subset of the sensitive data associated with the user.

PATENT: Risk mitigation for a cryptoasset custodial system using a hardware security key; US 11,100,497 B2; 8/24/2021; CPC G06Q 20/3829; 15 claims; assigned to Anchor Labs, Inc.

SUMMARY: This specification describes risk mitigation for a cryptoasset custodial system (sometimes referred to as a "CCS"). Methods, systems, and apparatus for risk mitigation for the cryptoasset custodial system include using a server computer of the cryptoasset custodial system to transmit an approval request for a cryptoasset transaction. The approval request is transmitted in accordance with a policy stored in a hardware security module of the cryptoasset custodial system. The policy can specify at least one specific approver of the cryptoasset custodial system required for approval of the cryptoasset transaction.

PATENT: Modular, configurable smart contracts for blockchain transactions; US 11,100,501 B1; 8/24/2021; CPC G06Q 20/401; 16 claims; assigned to KPMG LLP.

ABSTRACT: The invention relates to systems and methods for providing modular and configurable smart contracts for blockchain applications. The smart contracts may be utilized to retain all transaction attribute values in a world state database of the blockchain-implemented ledger. The systems and methods can further provide for dynamically configurable validation metadata and validation rules for transaction attributes recorded on a blockchain transaction log. The validation metadata and validation rules corresponding to the transaction attributes can be dynamically updated and applied to the transaction attributes to validate or invalidate a transaction.

PATENT: Systems and methods for use in facilitating application of services for purchase transactions based on tokens; US 11,100,505 B1; 8/24/2021; CPC G06Q 20/4016; 18 claims; assigned to Mastercard International Incorporated.

ABSTRACT: Disclosed are exemplary embodiments of systems and methods for facilitating services associated with transaction requests. In an exemplary embodiment, a method generally includes receiving, from a first entity, a transaction request for a payment account transaction. The transaction request includes a primary account number (PAN) for a payment account involved in the transaction. The exemplary method also includes overwriting the PAN in the transaction request with a non-PAN identifier (NPI), where a first segment of the PAN is identical to a first segment of the NPI and where the NPI is an invalid PAN. The exemplary method further includes routing the transaction request to a service, whereby the service is able to be implemented for the transaction request based, in part, on the first segment of the NPI while the PAN remains anonymous to the service.

PATENT: Anonymous trading system; US 11,100,577 B1; 8/24/2021; CPC G06Q 40/04; 34 claims; assigned to NEX Services North America LLC.

ABSTRACT: A computerised method of trading a fungible instrument, the method comprising: receiving orders from traders for a fungible instrument. The orders each comprise an amount of the fungible instrument to buy or sell, but no price. The orders are matched. The price of matched orders is then fixed at a price based on an outside source at a predetermined time.

PATENT: Secure deterministic tokens for encrypting electronic communications; US 11,100,578 B2; 8/24/2021; CPC G06Q 40/04; 31 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A computer implemented method includes generating, by a processor associated with a first client computer, a request message; generating, by the processor, a first public token based on a first private token; augmenting, by the processor, the electronic data transaction request message with the first public token; transmitting, by the processor, the augmented electronic data transaction request message to a second client computer; generating, by the processor, a second public token based on the first public token; identifying, by the processor, from a database of result messages, a result message labeled with the second public token, the identified result message including encrypted confidential information; generating, by the processor, a second private token corresponding to the second public token used to identify the result message; and decrypting, by the processor, the encrypted confidential information with the second private token.

PATENT: Visualization of changes through the use of graphical geometric shapes; US 11,100,580 B2; 8/24/2021; CPC G06Q 40/04; 20 claims; assigned to CFPH LLC.

ABSTRACT: Methods and systems are disclosed for determining changes or revisions to a set of data and providing a user with a computerized graphical depiction of these changes through the use of multiple geometric shapes, the positioning of which shapes relative to one another and the size of which shapes relative to one another depict the changes to the user.

PATENT: System and method for portfolio synchronization; US 11,100,581 B2; 8/24/2021; CPC G06Q 40/04; 1 claim.

ABSTRACT: A system and method for automated securities portfolio synchronization is provided. The system includes a lead trader account database, a follower account database, and a trade determination system. A follower provides a lead trader identification which is used to retrieve a lead trader portfolio from the lead trader account database for display to the Follower. The contents of the lead trader portfolio are compared to securities already owned by the follower and to a list of securities not to be purchased that is retrieved from the follower account database. The follower may then make adjustments to the lead trader portfolio and synchronize their portfolio to that of the lead trader.

PATENT: System and method for dynamically determining quantity for risk management; US 11,100,582 B2; 8/24/2021; CPC G06Q 40/04; 17 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A system and method for dynamically determining quantity for risk management are described. According to one example embodiment, as a trader positions an order icon at a desired price or price-derivative value on a graphical interface, an order quantity for the order is dynamically determined based on the order price and a selected risk management formula. A trader can change the price or the price-related value for one or more orders by moving the order icons relative to a price axis on a graphical interface. In such an embodiment, the initially calculated order quantity for each order will be dynamically recalculated based on the modified orders for the trading strategy.

August 17, 2021

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

Financial industry business method patents reviewed herein:   10

PATENT: Transfer of digital currency encryption keys through the process of issuance, validation and devaluation of physical medium with multi-factor authorization, and the physical medium of encryption keys for digital currency to conduct this transfer technology; US 11,093,910 B2; 8/17/2021; CPC G06Q 20/0658; 4 claims.

FIELD: The present invention pertains to the field of digital currency and electronic payment network based on cryptography and decentralization such as Bitcoin, Litecoin etc. The invention relates to the methods and procedures to transfer these financial instruments into the physical world and to create a corresponding physical embodiment of this payment means in the form of a medium of encryption keys for digital currency.

PATENT: Method and system for authenticating digital transactions; US 11,093,931 B2; 8/17/2021; CPC G06Q 20/326; 19 claims; assigned to Visa International Service Association.

FIELD: The present disclosure relates to authentication of digital transactions. Particularly, but not exclusively, the present disclosure relates to a method and system for device enrollment and network-based authentication of digital transactions.

PATENT: Method for realizing digital currency wallet by using hardware, and hardware wallet; US 11,093,934 B2; 8/17/2021; CPC G06Q 20/367; 16 claims; assigned to Feitian Technologies Co., Ltd.

ABSTRACT EXCERPT: The present invention belongs to the field of digital currencies and solves the problem of security of key storage.

PATENT: Systems and methods for communicating token attributes associated with a token vault; US 11,093,936 B2; 8/17/2021; CPC G06Q 20/385; 18 claims; assigned to Visa International Service Association.

ABSTRACT: Systems and methods for interoperable network token processing are provided. A network token system provides a platform that can be leveraged by external entities (e.g., third party wallets, e-commerce merchants, payment enablers/payment service providers, etc.) or internal payment processing network systems that have the need to use the tokens to facilitate payment transactions. A token registry vault can provide interfaces for various token requestors (e.g., mobile device, issuers, merchants, mobile wallet providers, etc.), merchants, acquirers, issuers, and payment processing network systems to request generation, use and management of tokens. The network token system further provides services such as card registration, token generation, token issuance, token authentication and activation, token exchange, and token life-cycle management.

PATENT: System and method for apportioning trading orders based on size of displayed quantities; US 11,094,004 B2; 8/17/2021; CPC G06Q 40/00; 20 claims; assigned to ESpeed, Inc.

ABSTRACT EXCERPT: An apparatus for processing trading orders comprises a memory and a processor. The memory stores a first order and a second order. The first order is associated with a product and comprises a displayed quantity and a reserved quantity. The second order is associated with the product and comprises a displayed quantity and a reserved quantity. The processor is coupled to the memory and receives a counterorder associated with the product.

PATENT: System and method for determining social statements; US 11,094,005 B2; 8/17/2021; CPC G06Q 40/00; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods are disclosed for providing a social statement for an account holder of a financial institution. In one example embodiment, the method includes receiving, by one or more computer processors, account holder financial data associated with the account holder, and receiving, by the one or more computer processors, account holder social data associated with one or more social networking profiles of the account holder. The method further includes associating, by the one or more computer processors, the account holder social data with the account holder financial data. In addition, the method includes identifying peer financial data associated with a peer group, and creating a social statement based at least in part on the account holder financial data, the account holder social data, and the peer financial data. Further, the method includes providing the social statement to the account holder.

PATENT: Debt resolution planning platform for accelerating charge off; US 11,094,008 B2; 8/17/2021; CPC G06Q 40/025; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A device receives a request for information regarding a debt resolution plan available for a delinquent account. The request may include a first input indicating a payment amount, a second input indicating a payment frequency, and a third input indicating a payment start date. The device obtains account data associated with the delinquent account and determines, using a model, a score for the delinquent account based on the first input, the second input, the third input, and/or the account data.

PATENT: System and method for clearing transactions; US 11,094,010 B2; 8/17/2021; CPC G06Q 40/04; 12 claims; assigned to Tradeweb Markets LLC.

ABSTRACT: A trading platform for trading financial instruments that provides the ability to manage customer credit limits, assess credit risks, and provide clearing certainty of trades. In an exemplary embodiment, the trading platform includes computer software modules and provides graphical user interfaces to handle the process of assessing credit risk, obtaining clearing certainty from a clearing member prior to trade execution, and providing notices of the existence or absence of clearing certainty with regard to particular trade requests.

PATENT: Private currency and trade engine; US 11,094,013 B2; 8/17/2021; CPC G06Q 40/04; 7 claims; assigned to OMNY, Inc.

ABSTRACT: A method may include storing information in a supply mesh. The supply mesh may include two or more value links. The method may include determining that a first value link of the two or more value links fulfills a value link condition of a second value link. The method may include providing a transaction proposal to the first value link. The transaction proposal may include an amount of private currency. The method may include receiving, from the first value link, a transaction acceptance to the transaction proposal. The method may include transferring the amount of private currency from the second value link to the first value link. The method may include confirming completion of a transaction between the first value link and the second value link. The transaction may be based on the transaction proposal. Other methods and systems are also disclosed.

PATENT: Blockchain instrument for transferable equity; US 11,094,014 B1; 8/17/2021; CPC G06Q 40/04; 30 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.

August 10, 2021

Total CPC G06Q Subclass (business methods) patents issued:  185

Financial industry business method patents reviewed herein:   10

PATENT: Methods and arrangements for an automated exchange system; US 11,087,241 B2; 8/10/2021; CPC G06Q 10/00; 20 claims; assigned to Nasdaq Technology AB.

ABSTRACT EXCERPT: A method of processing exchange system trading data is disclosed. In one embodiment, the method comprises receiving an order data message from a matching engine of an automated exchange. The order data message has first data format and it also comprises identification information associated with a trading entity. The received data message is then converted into a new data message of a new data format, which is different from the data format of the received order data message. Also, the trading entity from which the received order data message is originating is identified.

PATENT: Systems and methods for financial operations performed at a contactless ATM; US 11,087,297 B1; 8/10/2021; CPC G06Q 20/1085; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Methods and systems for completing financial operations via a contactless automated teller machine are disclosed. An ATM includes a network interface circuit enabling the ATM to exchange information over a network, an input/output device configured to exchange data with a input/output device of a mobile device, and an ATM circuit. The ATM circuit receives an ATM transaction request via a short-range wireless communication between the mobile device and the input/output device. The ATM transaction request includes authentication information associated with a user of the mobile device. The ATM circuit transmits the ATM transaction request to the network for approval and receives an approval message from a financial institution computing system indicating that the user is authorized to create financial operation requests. The ATM circuit completes a financial operation request created by the user by dispensing an amount of a currency or displaying requested account information.

PATENT: Systems and methods for device authentication; US 11,087,304 B2; 8/10/2021; CPC G06Q 20/322; 20 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: Systems and methods for device authentication are disclosed. In one embodiment, a method for authenticating a device includes, at a financial institution comprising an acquirer portion, a payment network portion, and an issuer portion.

PATENT: Method and system for facilitating recurring customer payment to merchants; US 11,087,310 B2; 8/10/2021; CPC G06Q 20/3276; 18 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: A method and server system for facilitating recurring customer payments to merchants are provided. A Quick Response (QR) code including a Standing Instruction (SI) flag is generated. The SI flag is capable of offering customers of a merchant with an option to pay for respective recurring payments using SI. The generated QR code is provided by the merchant to at least one customer.

PATENT: System and method for a mobile wallet; US 11,087,311 B1; 8/10/2021; CPC G06Q 20/36; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A mobile wallet computer system coupled to a merchant computer system and a mobile device associated with a user includes one or more processors coupled to one or more non-transitory memory devices. The one or more non-transitory memory devices include instructions stored therein that are executable by the one or more processors to cause operations including receiving, from the mobile device, a request to perform a transaction between the user and a merchant associated with the merchant computer system.

PATENT: Account tokenization for virtual currency resources; US 11,087,312 B2; 8/10/2021; CPC G06Q 20/367; 8 claims; assigned to Bank of America Corporation.

ABSTRACT: 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. Embodiments credit an amount of a virtual currency in at least one bank account of a customer, wherein the at least one bank account has an associated amount of funds that is increased by the credit of the amount of virtual currency; generate a payment token associated with the at least one bank account of the customer; receive a transaction request to process a transaction using the token; determine that the transaction request is associated with a transaction having a transaction amount less than or equal to the amount of funds associated with the at least one bank account; and approve and settle the transaction.

PATENT: Systems, methods, and program products for a digital math-based asset exchange; US 11,087,313 B1; 8/10/2021; CPC G06Q 20/3674; 19 claims; assigned to Winklevoss IP, LLC.

ABSTRACT EXCERPT: Systems, methods, and program products for providing exchanges for converting from, to, or between digital assets, and in particular digital math-based assets, such as bitcoins, Namecoins, Litecoins, PPCoins, Tonal bitcoins, IxCoins, Devcoins, Freicoins, I0coins, Terracoins, Liquidcoins, BBQcoins, BitBars, PhenixCoins, Ripple, Dogecoins, Mastercoins, BlackCoins, Ether, Nxt, BitShares-PTS, Quark, Primecoin, Feathercoin, and Peercoin, to name a few, are disclosed. In embodiments, such systems, methods, and program products can further provide or be used in conjunction with automated transactions, digital asset arbitrage systems, and/or kiosk systems for transacting or interacting with digital math-based assets.

PATENT: Context aware predictive activity evaluation; US 11,087,396 B1; 8/10/2021; CPC G06Q 40/02; 17 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Systems and techniques for context aware predictive activity evaluation are described herein. A set of transaction variables may be identified for a predicted transaction. A set of inputs may be obtained corresponding to each transaction variable of the set of transaction variables. A value may be determined for each transaction variable using the set of inputs corresponding to each transaction variable of the set of transaction variables. The value for each transaction variable may be compared to a set of transaction models to select a transaction model for the predicted transaction. A probability may be calculated that the predicted transaction will be approved using the transaction model for the predicted transaction. The probability that the predicted transaction will be approved may be displayed on a display device.

PATENT: System and method for automated trading of financial interests; US 11,087,399 B2; 8/10/2021; CPC G06Q 40/04; 23 claims; assigned to Aequitas Innovations Inc.

ABSTRACT: A derived order gives a participant simultaneous access to liquidity across multiple books, destinations, or marketplaces. The derived order can be placed and anchored in one trading venue and simultaneously replicated in another trading venue. A participant can place the derived order in the lit book as an anchor book and replicate the order in the hybrid book and/or the dark book, or alternatively, the participant can place the derived order in the hybrid book as an anchor book and replicate the order in the dark book. A trading engine can be configured to replicate an order in different books and guarantee that each order is only executed once. When an order is replicated, the trading engine can check the stored record to see where the order was placed, and then adjust or cancel an order in one book when it is being fulfilled in a different book.

PATENT: Systems and methods for displaying order performance metrics; US 11,087,400 B2; 8/10/2021; CPC G06Q 40/04; 20 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.

August 3, 2021

Total CPC G06Q Subclass (business methods) patents issued:  183

Financial industry business method patents reviewed herein:   10

PATENT: Cryptographically concealing amounts and asset types for independently verifiable transactions; US 11,080,665 B1; 8/3/2021; CPC G06Q 20/0658; 15 claims; assigned to Blockstream Corporation.

CLAIM 1 PREAMBLE: A method for encrypting amounts and asset types transacted on a blockchain ledger.

PATENT: Computer-implemented system, method, and computer program product for automatically linking accounts in an electronic wallet; US 11,080,677 B2; 8/3/2021; CPC G06Q 20/277; 11 claims; assigned to Visa International Service Association.

FIELD: The present invention relates to an electronic wallet, and in one non-limiting embodiment or aspect, a computer-implemented method, system, and computer program product for automatically linking accounts in an electronic wallet.

PATENT: Direct payment authorization path; US 11,080,685 B1; 8/3/2021; CPC G06Q 20/36; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Various examples described herein are directed to systems and methods for processing a payment using a mobile wallet network and issuer. A mobile wallet application provides payment information and an indication if payment may be done directly via the mobile wallet network to a point of sale (POS) terminal. The POS terminal determines which payment network to use. A bill may be sent to the mobile wallet application. The mobile wallet application requests payment authorization from an issuer. The issuer provides the authorization and the transaction is completed between the POS terminal and the mobile wallet application.

PATENT: Tokenisation of payment data; US 11,080,698 B2; 8/3/2021; CPC G06Q 20/385; 20 claims; assigned to Mastercard International Incorporated.

ABSTRACT EXCERPT: A method for a tokenisation service provider (TSP) to generate tokenised card numbers tPANs associated with real card numbers PANs for digital payment transactions, and a processor configured to perform the method are provided.

PATENT: Financial analysis in a computing environment; US 11,080,781 B2; 8/3/2021; CPC G06Q 40/02; 20 claims; assigned to Capital One Services, LLC.

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: 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 11,080,782 B2; 8/3/2021; CPC G06Q 40/02; 20 claims; assigned to Huntington Bancshares Incorporated.

ABSTRACT EXCERPT: 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. If the negative balance was not cured during the grace period, an overdraft fee is assessed to the financial account. If the negative balance was cured during the grace period, any assessed overdraft fee for the negative balance is rebated or reversed.

PATENT: Market data redaction tools and related methods; US 11,080,784 B2; 8/3/2021; CPC G06Q 40/04; 9 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: An example method includes receiving, at a first computing device, market data related to a plurality of tradeable objects. The example method includes displaying, via an interface, the received market data via at the first computing device. The interface is based on an interface object model including a plurality of data components corresponding to the received market data. The example method includes receiving an input selection to share the interface with a second computing device and generating a transfer object model based on the interface object model in response to the receipt of the input selection.

PATENT: Listed options position compression system; US 11,080,785 B1; 8/3/2021; CPC G06Q 40/06; 17 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems are provided for compressing portfolios of open option positions. Market participants may provide constraints, such as net delta and gamma values within a specific tolerance. A compression engine uses a linear, integer and/or linear-quadratic programming solver to analyze portfolios of multiple market participants and identify multilateral option spread trades that result in portfolios that are compressed subject to the constraints.

PATENT: Biddable financial instrument, online competitive bidding platform for trading thereof and associated system and method of trading thereof; US 11,080,786 B2; 8/3/2021; CPC G06Q 40/04; 14 claims; assigned to Arbor Research Holdings, LLC.

ABSTRACT EXCERPT: 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-MLVRS s.

PATENT: Systems and methods for providing currency exchange information via augmented reality; US 11,080,787 B1; 8/3/2021; CPC G06Q 40/04; 20 claims; assigned to USAA.

ABSTRACT: A method may include receiving image data representative of cash acquired via one or more image sensors, identifying a first currency depicted in the cash based on a plurality of images associated with a plurality of currencies, and determining a currency conversion rate between the first currency and a second currency. The method may also include generating a visualization representative of a currency value of the cash in the second currency based on the currency conversion rate and overlaying the visualization on the image data.

July 27, 2021

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

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for improved project management; US 11,074,530 B1; 7/27/2021; CPC G06Q 10/06313; 12 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A method for managing a budget includes determining, by a budget management system, funds of a project management account that are to be routed to a task manager for a project. The determining comprises: determining a current progress of a task managed by the task manager, the task included in a budget for the project that identifies the task manager and that includes payment information for the task manager that specifies a financial account, determining an amount owed to the task manager, and setting the amount owed to the task manager as the amount of the funds to be routed to the task manager.

PATENT: Systems and methods for real-time trickle payments; US 11,074,558 B1; 7/27/2021; CPC G06Q 20/0855; 13 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A computer-implemented method performed by an access economy payment system includes receiving a request from a consumer to commission an access economy service. The method also includes generating a smart contract based on the requested access economy service and generating a consumer sub-account associated with a consumer financial account and a supplier sub-account associated with a supplier financial account. The method further includes allocating funds to the supplier sub-account and placing a financial hold on the funds allocated to the supplier sub account.

PATENT: Computer system and computer-implemented method for processing a payment transaction at a point-of-sale terminal; US 11,074,564 B2; 7/27/2021; CPC G06Q 20/202; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A payment network server for processing a payment transaction at a point-of-sale terminal is described. The server comprises a transaction module, a query module and a transfer module. The transaction module is configured to: (i) receive a payment transaction request comprising at least transaction details and a fund transfer indicator, the transaction details comprise at least a customer identifier, a merchant identifier, and a payment amount, the fund transfer indicator indicating that the payment transaction is to be processed by fund transfer; and (ii) transmit a payment transaction response indicating if the payment transaction is approved or refused to proceed.

PATENT: Method and apparatus to limit fraud in credit card transactions; US 11,074,569 B2; 7/27/2021; CPC G06Q 20/3224; 14 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Various methods, apparatuses, and media for preventing fraud in card or mobile transaction are provided. A fraud prevention application module defines one or more geographical zones where a card or mobile transaction is authorized. Information related to the defined geographical zones are stored onto a memory. A processor is configured to initiate the card or mobile transaction at a point-of-sale (POS) location; determine whether the POS location corresponds to the stored information related to one or more of the defined geographical zones; and authorize the card or mobile transaction based on a determination that the POS location corresponds to the stored information related to the defined one or more geographical zones.

PATENT: Blockchain based loan securitization; US 11,074,648 B1; 7/27/2021; CPC G06Q 40/025; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Examples described herein relate to systems, apparatuses, and methods for automating loan securitization by a loan marketplace server, including defining a security blockchain supporting a financial security smart contract and posting, on the security blockchain, loan links. Each of the loan links identifies a loan structured as a loan smart contract supported by a loan blockchain. The loan blockchain stores a financial profile link that identifies a dynamic financial profile for a borrower of the loan.

PATENT: Systems and methods for providing seamless transitions between graphical images on a binary options interface; US 11,074,649 B2; 7/27/2021; CPC G06Q 40/04; 18 claims; assigned to CFPH, LLC.

ABSTRACT EXCERPT: Methods, apparatus and article of manufactures for providing seamless transitions between graphical images on a binary options interface. An user-input is received on a touch-sensitive display of the binary options interface. The user-input corresponds to a request for a transformation of a graphical image that is displayed on the binary options interface.

PATENT: Systems and methods for using secondary market for primary creation and redemption activity in securities; US 11,074,651 B2; 7/27/2021; CPC G06Q 40/04; 24 claims; assigned to NYSE Group, Inc.

ABSTRACT: 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 and method for optimizing data processing in cloud-based, machine learning environments through the use of self organizing map; US 11,074,653 B2; 7/27/2021; CPC G06Q 40/06; 20 claims; assigned to The Bank of New York Mellon.

ABSTRACT EXCERPT: Methods and system are described for optimizing data processing in cloud-based, machine learning environments. For example, through the use of a machine learning model utilizing a self organizing map and/or the use of specific processing nodes in a computer system to perform specific tasks the methods and system may more efficiently distribute tasks through a cloud computing environment and increase overall processing speeds despite increasing amounts of data.

PATENT: Systems and methods for financial planning based upon cash positions; US 11,074,660 B1; 7/27/2021; CPC G06Q 40/12; 23 claims; assigned to The PNC Financial Services Group, Inc.

ABSTRACT EXCERPT: Systems and methods are disclosed for financial planning based on actual cash positions for financial accounts associated with an entity and planned cash out and cash in amounts for the entity.

PATENT: Transaction processing method, apparatus, and electronic device using a blockchain having nonce records; US 11,074,661 B2; 7/27/2021; CPC G06Q 40/12; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A method for processing blockchain-based transactions, comprising: acquiring a Nonce record from a Nonce list for a transaction initiated by a user account, wherein the Nonce list is maintained in a blockchain and is associated with the user account, the Nonce list comprises a plurality of Nonce records, and a Nonce record comprises a Nonce value; adding the acquired Nonce record to the transaction; and submitting the transaction to the blockchain, for a node in the blockchain to compare the Nonce record in the transaction with the plurality of Nonce records in the Nonce list, and to accept the transaction in response to the Nonce record matching any Nonce record in the Nonce list, wherein the Nonce value in the matching Nonce record in the Nonce list is monotonically increased based on a preset increment in response to that the transaction is accepted.

July 20, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

July 13, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

July 6, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

JUNE 29, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

JUNE 22, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

JUNE 15, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

JUNE 8, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

JUNE 1, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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