Patents By Frip

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.

May 25, 2021

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

Financial industry business method patents reviewed herein:   6

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

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

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

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

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

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

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

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

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

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

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

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

May 18, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

May 11, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

ABSTRACT EXCERPT: The disclosure teaches a High Density Financial Asset Information Display which provides a high density, straightforward, unified, compact, dynamic and comprehensive display interface that presents users with a high volume of easy to understand financial asset information including the current buy and sell prices, the current price direction, the amount of time the asset pair is traded at each price, and the change in price over multiple time frames.

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

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

May 4, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

APRIL 27, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

ABSTRACT: Systems and methods are provided for communicating and processing market data. The market data may comprise quotes, orders, trades and/or statistics. A messaging structure allows for adding, re-ordering and/or expanding data, within the printable character set of any language. One or more delimiters are defined and used to delimit data elements within the message structure. The data is interpreted based on templates which may be disseminated prior to the sending of messages and used as an abstraction so that the meaning of data need not be conveyed in the message.

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

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

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

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

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

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

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

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

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

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

April 20, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

April 13, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

April 6, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

March 30, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

March 23, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

March 16, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

March 9, 2021

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

Financial industry business method patents reviewed herein:   10

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

Incorporated.

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

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

Incorporated.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

March 2, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

February 23, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

ABSTRACT: A variety of embodiments for hardware-accelerating the processing of financial market depth data are disclosed. A coprocessor, which may be resident in a ticker plant, can be configured to update order books based on financial market depth data at extremely low latency. Such a coprocessor can also be configured to enrich a stream of limit order events pertaining to financial instruments with data from a plurality of updated order books.

February 16, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

February 9, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

February 2, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

January 26, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

January 19, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

ABSTRACT: A computer trading system has price improvement features.

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

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

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

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

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

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

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

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

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

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

January 12, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

January 5, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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