Patents By Frip

February 16, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

February 9, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

February 2, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

January 26, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

January 19, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

ABSTRACT: A computer trading system has price improvement features.

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

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

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

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

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

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

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

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

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

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

January 12, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

January 5, 2021

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

December 29, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

December 22, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NYSE Group, Inc.

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

December 15, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

December 8, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

December 1, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

November 24, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

November 17, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

November 10, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

November 3, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

October 27, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

PATENT: Modeling asset transfer flow relationships discovered in unstructured data; US 10,817,941 B2; 10/27/2020; CPC G06Q 40/04; 20 claims; assigned to IBM.

ABSTRACT: Mechanisms are provided for performing an analysis of content based on a flow of property between entities. The mechanisms analyze a corpus of unstructured documents to identify one or more asset transfer flow relationships between entities. The mechanisms generate an asset transfer flow model defining a flow of an asset between entities based on the one or more asset transfer flow relationships between entities. The mechanisms input the asset transfer flow model into an analysis engine for use in analyzing content. The mechanisms analyze the content using the asset transfer flow model to generate results of the analysis and output the results of the analysis based on the asset transfer flow model.

PATENT: System and method for managing trading using alert messages for outlying trading orders; US 10,817,942 B2; 10/27/2020; CPC G06Q 40/04; 20 claims; assigned to BGC Partners, Inc.

ABSTRACT EXCERPT: According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, electronic data including buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by electronically determining whether the particular trading order differs from at least one comparison price by more than a threshold value.

PATENT: Method and apparatus for message flow and transaction queue management; US 10,817,944 B2; 10/27/2020; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Management of transaction message flow utilizing a transaction message queue. The system and method are for use in financial transaction messaging systems. The system is designed to enable an administrator to monitor, distribute, control and receive alerts on the use and status of limited network and exchange resources. Users are grouped in a hierarchical manner, preferably including user level and group level, as well as possible additional levels such as account, tradable object, membership, and gateway levels. The message thresholds may be specified for each level to ensure that transmission of a given transaction does not exceed the number of messages permitted for the user, group, account, etc.

PATENT: Multi-asset portfolio simulation (MAPS); US 10,817,947 B2; 10/27/2020; CPC G06Q 40/06; 28 claims; assigned to Intercontinental Exchange Holdings, Inc.

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

October 20, 2020

Total CPC G06Q Subclass (business methods) patents issued:  181

Financial industry business method patents reviewed herein:   10

PATENT: Volume control for mass quote messages; US 10,810,661 B2; 10/20/2020; CPC G06Q 40/00; 19 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods are provided for processing mass quote messages and generating market data. A mass quote message is received and individual orders are parsed and processed. Individual market data messages are stored in a market data message buffer. After all orders are processed, the contents of the market data message buffer is distributed as a single market data message.

PATENT: Item processing exception configurable pipeline; US 10,810,664 B2; 10/20/2020; CPC G06Q 40/02; 15 claims; assigned to Bank of America Corporation.

SUMMARY: In one aspect, the present invention embraces a computerized system, and an associated method and computer program product, for resolving item-processing exceptions. The system typically includes a processor and a memory. The system also typically includes an exception resolution module stored in the memory and executable by the processor.

PATENT: Apparatus, method and system for a versatile financial mechanism and transaction generator and interface; US 10,810,666 B2; 10/20/2020; CPC G06Q 40/04; 21 claims; assigned to Hybridarts LLC.

ABSTRACT EXCERPT: Versatile Financial Mechanisms and Transactions Generators and Interfaces (VFMTGI) involve the creation of effective apparatuses, methods, and systems for solutions to create and/or leg complex versatile financial mechanisms. The VFMTGI facilitates user removal of significant transactional risk exposure as the methods, systems and apparatuses facilitate user data entry into spreads that represent alternative futures. Aspects of an implementation of the VFMTGI facilitate investor execution and completion of multiple financial transactions, simultaneously, as a single transaction.

PATENT: System and method for providing security to a game controller device for electronic trading; US 10,810,667 B2; 10/20/2020; CPC G06Q 40/04; 18 claims; assigned to BGC Partners, Inc.

ABSTRACT: A system for managing electronic trading, comprises an interface application including a mapping module that defines a plurality of controller signal relationships. Each controller signal relationship associates one or more of a plurality of game controller signals with one of a plurality of trading system commands associated with the electronic trading of financial instruments. The interface application receives a plurality of game controller signals generated by a game controller, and determines, based on the controller signal relationships, that one or more of the plurality of received game controller signals are erroneous. The interface application causes the communication of a command to lock the game controller based on the determination of the one or more erroneous game controller signals.

PATENT: Automated trading system in an electronic trading exchange; US 10,810,668 B2; 10/20/2020; CPC G06Q 40/04; 41 claims; assigned to DCFB LLC.

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

PATENT: Apparatus and methods for detection, monitoring, and delay in a computer network; US 10,810,669 B2; 10/20/2020; CPC G06Q 40/04; 21 claims; assigned to Nasdaq, Inc.

ABSTRACT: Computing apparatus detects and monitors rapid changes in a computer network. The computing apparatus implements delays and other actions to ameliorate potentially adverse effects in the computer network caused by such changes.

PATENT: Securities trading system with multiple levels-of-interest; US 10,810,670 B2; 10/20/2020; CPC G06Q 40/04; 18 claims; assigned to BGC Partners, Inc.

ABSTRACT EXCERPT: Disclosed is a securities trading program for trading individual lots of a security which can be run at a security trader's computer station. The program generates a trading screen comprising a listing of multiple bids for the security, each bid having a price, as well as a listing of multiple priced offers for the security. The bid and offer listings are active, enabling the trader to hit any one of the displayed bids or take any one of the displayed offers, for example by selecting and clicking on a displayed bid or offer.

PATENT: Interest rate swap compression; US 10,810,671 B2; 10/20/2020; CPC G06Q 40/06; 21 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A computer system may access data corresponding to a portfolio that comprises interest rate swaps and may calculate parameters for a compressed swap. The computer system may determine, based at least in part on the parameters for the compressed swap, a performance bond requirement attributable to the interest rate swaps. The computer system may compare the performance bond requirement to account data associated with a holder of the portfolio and may perform one or more additional actions based on the comparing.

PATENT: System and method for dynamic risk management; US 10,810,672 B2; 10/20/2020; CPC G06Q 40/06; 15 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: A network interface receives portfolio data related to an investment plan portfolio of a participant. A processor identifies a first plurality of risk factors associated with market conditions, wherein the first plurality of risk factors comprises a future data and risk strength. The processor further identifies a second plurality of risk factors associated with the participant. The processor then generates glide path data based at least partially on the first plurality of risk factors and the second plurality of risk factors. The processor also generates a glide path map based at least partially on the generated glide path data.

PATENT: Systems and methods for automatically reallocating investment funds; US 10,810,673 B1; 10/20/2020; CPC G06Q 40/06; 20 claims; assigned to USAA.

ABSTRACT: A system may include a processor that receives investor data associated with a user, such that the investor data includes investments held by the user. The processor may then determine a reallocation plan of the investments based on the investor data, send a request to a computing device associated with the user that prompts a response for approval or denial to enable the processor to reallocate the investments according to the reallocation plan, and track the investments over a period of time as if reallocated per the reallocation plan when the response includes the denial. The processor may then generate a first set of visualizations that correspond to a current balance of the one or more investments over the period of time as if reallocated per the reallocation plan and send the first set of visualizations to the computing device, such that the computing device displays the first set of visualizations.

October 13, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: Transaction storing and forwarding; US 10,803,429 B2; 10/13/2020; CPC G06Q 20/10; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: After loss of communications between a cash handling device and a financial institution, transactions may continue to be processed. In one configuration, the transactions may be processed up to a predefined transaction limit. Transaction limits may be defined by a number of transactions, a dollar amount transacted or to be transacted, an amount of time and/or combinations thereof. Additionally or alternatively, the transaction limit may be specific to one or more types of transactions. Transaction data may be stored in memory until communication has been re-established, at which time the data may be transmitted to the financial institution for processing.

PATENT: System and method for transmitting payment card information, and payment card; US 10,803,446 B2; 10/13/2020; CPC G06Q 20/341; 9 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: A system and a method for transmitting payment card information are provided. The system includes at least one memory including computer program code configured to, with at least one processor, cause the system at least to perform functions of receiving, determining, comparing, generating, and transmitting.

PATENT: Electronic wallet checkout platform apparatuses, methods and systems; US 10,803,449 B2; 10/13/2020; CPC G06Q 20/36; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: The ELECTRONIC WALLET CHECKOUT PLATFORM APPARATUSES, METHODS AND SYSTEMS ("EWCP") transform customer purchase requests triggering electronic wallet applications via EWCP components into electronic purchase confirmation and receipts.

PATENT: Branch recommendation; US 10,803,516 B2; 10/13/2020; CPC G06Q 40/02; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: A method and system for recommending a physical location at which to complete an electronic activity are disclosed. In some examples, the system identifies an incomplete portion of an electronic activity initiated at a first device, and identifies a plurality of candidate locations for completion of the electronic activity based on at least one characteristic of the incomplete portion. When a prior location of the first device is closer to a first one of the candidate locations than to a second one of the candidate locations, the system selects the first candidate location for the completion of the electronic activity and provides activity data characterizing the electronic activity to a second device disposed at the first candidate location.

PATENT: Systems and methods for locating funding opportunities; US 10,803,519 B1; 10/13/2020; CPC G06Q 40/025; 23 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A system for locating funding opportunities is disclosed. The system may include at least one memory for storing instructions and at least one processor configured to execute the instructions to perform operations.

PATENT: Risk management contracts and method and apparatus for trading same; US 10,803,520 B2; 10/13/2020; CPC G06Q 40/04; 13 claims; assigned to North American Derivatives Exchange, Inc.

FIELD: The present invention relates to a method and apparatus for risk management and to a method and apparatus for establishing and maintaining a market for initial and secondary trading in risk management instruments. The scope of the invention includes, but is not limited to: methods of defining risk management instruments, methods of trading specific types of risk management instruments to manage risk, methods of managing risk, and methods of making a market so that persons may manage risk by trading in such market.

PATENT: Exchange feed for trade reporting having reduced redundancy; US 10,803,521 B2; 10/13/2020; CPC G06Q 40/04; 23 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: The disclosed embodiments relate to communication of financial messages from an exchange to market participants whereby messages, or at least a portion of the content thereof, indicative of changes in the market, due to one or more trades between two or more market participants, are structured so as to reduce redundant data therein and prioritize the transmission of that portion of the message which summarizes the event and result thereof.

PATENT: Computing system that generates graphical displays of stock options trading data; US 10,803,522 B2; 10/13/2020; CPC G06Q 40/04; 19 claims; assigned to Montal Research Ltd.

ABSTRACT: A system that produces a predictive chart for a selected stock that is useful in determining if the price of a particular stock is likely to increase or decrease. Open interest data is obtained for the selected stock from an options exchange. Likewise, the option volume data for stock options in the selected stock is also obtained. A computing device calculates implied volatility for the stock options of the selected stock. Options volatility indicator data is then calculated as a function of the open interest data, the volume data, and the implied volatility. The options volatility indicator data is normalized. The normalized data is plotted against selected trading periods to produce an options volatility indicator graph. The options volatility indicator graph is then shown on a display that is controlled by the computing device.

PATENT: System and method for creating trade-related annotations in an electronic trading environment; US 10,803,523 B2; 10/13/2020; CPC G06Q 40/04; 15 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A client terminal displays a trading screen interface and an annotation interface in relation to the trading screen interface. The annotation interface allows a trader to enter trade-related annotations in a quick and efficient manner or flag a predetermined time and input annotations to be associated with the flagged time a later time, while the trading screen interface allows the trader to make trades at the most favorable prices and in a speedy manner. The annotation interface may alternatively not be displayed and allow for audio input.

PATENT: Property hunting trip in an autonomous vehicle; US 10,803,536 B1; 10/13/2020; CPC G06Q 50/16; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method implemented in an autonomous vehicle (AV) for facilitating property hunting includes receiving a first command to direct the AV to a geolocation of an individual. An itinerary is received for a property hunting trip for the individual in a geographical area. The itinerary includes a plurality of properties. After the individual enters the AV, a second command is received from the individual to direct the AV to a geolocation of a first property on the itinerary. Feedback is received from the individual regarding the first property. An adjustment to the itinerary based on the feedback is received.

October 6, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: System for resource use allocation and distribution; US 10,796,253 B2; 10/6/2020; CPC G06Q 10/0631; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention are directed to a system, method, or computer program product for appropriate resource allocation via generated communication channel within and for the utilization of a shared use service. The system may be associated with or affixed to a shared use service object, generating a communication field within or directly around the shared use service object. The system may recognize when an individual is utilizing the shared use service via signal recognition of a mobile device transmission being received by the system associated with the shared use service.

PATENT: Systems and methods for facilitating a transaction using augmented reality; US 10,796,290 B2; 10/6/2020; CPC G06Q 20/10; 18 claims; assigned to Capital One Services, LLC.

FIELD: The present disclosure relates to systems and methods for facilitating a transaction using augmented reality, and more particularly using an interactive augmented environment.

PATENT: System and method of managing computing resources; US 10,796,304 B2; 10/6/2020; CPC G06Q 20/401; 20 claims; assigned to Bank of America Corporation.

FIELD: Certain embodiments of this disclosure relate generally to managing computing resources and, more particularly, to systems and methods for authorizing access to computing resources.

PATENT: Apparatus including data bearing medium for reducing fraud in payment transactions using a black list; US 10,796,310 B2; 10/6/2020; CPC G06Q 20/4016; 18 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: A system, apparatus, and method for reducing fraud in electronic payment transactions. The apparatus includes a processor that executes instructions to implement a process to identify consumer or merchant devices that have been used in fraudulent transactions and prevent the authorization of future transactions that are initiated using those devices.

PATENT: Customized financing based on transaction information; US 10,796,363 B1; 10/6/2020; CPC G06Q 40/025; 22 claims; assigned to Square, Inc.

ABSTRACT EXCERPT: In some examples, a payment processing system may receive identity information identifying a buyer and an indication of a buyer interest in purchasing an item from a first merchant. The system may determine, based on the identity information and item information, that the buyer is eligible for financing the purchase of the item. The system may generate a customized financing offer for the buyer to finance the purchase price of the item.

PATENT: Process for providing timely quality indication of market trades; US 10,796,364 B2; 10/6/2020; CPC G06Q 40/04; 24 claims; assigned to NYSE Group, Inc.

ABSTRACT EXCERPT: Real time or near real time assessment of the quality of securities transactions is accomplished by intercepting order and execution communications between trader and broker, comparing the execution data with contemporaneous market data relative to the transaction or transactions involved, and informing the trader of that comparison.

PATENT: System and method for using order modifiers in relation to trading strategies; US 10,796,365 B2; 10/6/2020; CPC G06Q 40/04; 13 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: A quantity modifier and a price modifier are provided for a spread trading strategy having a desired spread price and a desired spread quantity. According to an example embodiment, a quantity modifier divides the desired spread quantity into a plurality of disclosed spread quantities. Once the disclosed quantities are determined, a plurality of disclosed spread orders having the disclosed spread quantities are sequentially submitted to the market until the full desired spread order quantity is executed or until a predefined condition is detected.

PATENT: Trading anomaly kill switch; US 10,796,366 B2; 10/6/2020; CPC G06Q 40/04; 16 claims; assigned to Morgan Stanley Services Group, Inc.

ABSTRACT: A system that can detect when abnormal trading activity is occurring and take action to halt the detected abnormal trading activity without human intervention using a computer-implemented anomaly detection and action stage computer that performs an exponential weighted averaging of trade order flow, on a per symbol basis within a sliding volume based window and a volume based exponential weighted averaging, on a per symbol basis, on trade update messages received during the sliding volume based window and checks for an inflection in covariance between them.

PATENT: Computer system and user interface for retirement planning; US 10,796,367 B1; 10/6/2020; CPC G06Q 40/06; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-implemented method and an interactive computer system has a user interface with computer software application tool(s) for retirement planning purposes. The user interface is generally referred to herein as an income dashboard.

PATENT: Computerized geolocation tool; US 10,796,378 B1; 10/6/2020; CPC G06Q 40/12; 21 claims; assigned to Wells Fargo Bank, N.A.

FIELD: Embodiments described herein generally relate to systems and methods for configuring a computing device to provide up-to-date location-specific financial information.

September 29, 2020

Total CPC G06Q Subclass (business methods) patents issued:  112

Financial industry business method patents reviewed herein:   10

PATENT: Timely quality improvement of an inventory of elements; US 10,789,564 B1; 9/29/2020; CPC G06Q 10/0635; 20 claims; assigned to Wells Fargo, N.A.

ABSTRACT: Timely quality improvement of an inventory of elements is provided. An event submission that includes at least one element of the inventory of elements is received at about the same time as the event is encountered. The event submission is prioritized based on factors related to the submitter, the event, historical information, or combinations thereof. A risk level or rating is assigned to the event submission and others are invited to comment on the event submission. Based on the comments, real-time information is presented so that the event submission may be tracked during the process. The submitter of the event submission is assigned a credibility rating and is given an incentive for providing the event submission.

PATENT: Systems and methods for use in facilitating purchases; US 10,789,579 B2; 9/29/2020; CPC G06Q 20/0855; 11 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: Systems and methods are provided for facilitating purchase transactions for travel. One exemplary system comprises a memory including a user profile associated with a secondary user and a payment account, and a processor in communication with the memory. The processor is configured to access the user profile in the memory, and display an available destination for travel based on the user profile.

PATENT: Systems and methods for performing ATM fund transfer using active authentication; US 10,789,580 B2; 9/29/2020; CPC G06Q 20/18; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A method of performing a fund transfer at an ATM includes receiving an active authentication transaction key at an ATM from a mobile financial transaction instrument via a wireless communication protocol, generating a PIN at the ATM, and storing the PIN in a machine readable storage medium. An authorization request message is transmitted to a financial institution identified by the active authentication transaction key.

PATENT: Generating a blended FX portfolio; US 10,789,588 B2; 9/29/2020; CPC G06Q 20/381; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: Systems and methods for blending a plurality of FX forwards may include determining a signed sum of notional values associated with each of the primary currency component and the settlement currency component of each of the plurality of FX forwards for use in blending the plurality of FX forwards, each of the plurality of FX forwards having matching economics and a different associated fixed rate.

PATENT: Graphical order entry user interface for trading system; US 10,789,645 B2; 9/29/2020; CPC G06Q 40/04; 14 claims; assigned to Chart Trading Development, LLC.

ABSTRACT: On a display terminal of an electronic trading system, a graph is displayed having a first axis and a second axis, wherein the graph includes a curve corresponding to a range of values of a financial instrument. A user is allowed to select a portion of the graph. In response to the user selection of the portion of the graph, a trading dialog box is displayed on the display of the workstation, the dialog box being automatically populated with values for trading, the values based on the values of the selected portion of the graph.

PATENT: Visual depiction of warnings and errors; US 10,789,646 B2; 9/29/2020; CPC G06Q 40/04; 18 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Methods, systems and computer-readable storage media disclosed herein provide visual depictions of warnings and errors. An example method includes detecting, using a computing device, a change in a design of a trading algorithm. The trading algorithm is defined by a user-specified arrangement of blocks representing trading functionality. The example method includes determining, using the computing device, whether the trading algorithm complies with a trading algorithm rule.

PATENT: Order grid highlighting; US 10,789,647 B2; 9/29/2020; CPC G06Q 40/04; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: Systems, methods and user interfaces are provided for order matrix management and highlighting. Market data may be arranged in a matrix where the market data may be highlighted and/or otherwise presented to provide further information to a user. In some cases a computer system may include a computer-readable medium containing computer-executable instructions that, when executed by one or more processors, cause a computing device to receive market data for a financial instrument.

PATENT: Order execution quality of financial market transactions utilizing an adjusted z-score benchmark; US 10,789,648 B2; 9/29/2020; CPC G06Q 40/04; 20 claims; assigned to Fidessa Trading UK Limited.

ABSTRACT EXCERPT: The present disclosure generally provides techniques for analyzing and displaying the order execution quality of market instruments traded during a relevant period, or lifetime, of the order. The utilization of quote information in calculating a normalization factor allows for comparisons across instruments, orders, and days for instruments with a publically available price irrespective of executed volume. A calculated Z score illustrates the quality of an order execution for a specific traded time as compared to all possible random executions.

PATENT: Method and apparatus of goals-based investing using a blended account-level target; US 10,789,649 B2; 9/29/2020; CPC G06Q 40/06; 20 claims; assigned to Smartleaf, Inc.

ABSTRACT EXCERPT: A method and apparatus of a device that performs goals-based investing using an account-level target is described. In one embodiment, the device processes data representing a plurality of goals of an investor, an investment style for each goal, an account for funding the goals, and initial funding levels for each goal to create a goal-level target for each goal. The device creates an account-level target based on the goal-level targets and an initial blend ratio that is formed from the initial funding levels.

PATENT: Methods and systems for providing a global statement; US 10,789,653 B1; 9/29/2020; CPC G06Q 40/10; 17 claims; assigned to Citibank, N.A.

ABSTRACT: Methods and systems for providing global consolidated statement involve, for example, collecting, using a processor coupled to memory, customer account data from billing systems for each of a plurality of accounts of a plurality of business units of an entity. Likewise using the processor, the customer account data is collated across the plurality of accounts of the plurality of business units. Also using the processor, a single consolidated customer account statement is generated showing the collated customer account data across the plurality of accounts of the plurality of business units.

September 22, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: Near Real-time system or network incident detection; US 10,783,473 B2; 9/23/2020; CPC G06Q 10/0637; 21 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Systems and arrangements for using temporal analysis to evaluate incidents to determine whether they are likely to cause a significant business impact are provided. Historical data may be analyzed to identify incidents having a significant business impact. The historical data associated with incidents having a significant business impact may be further analyzed to identify a time and/or date at which the incident occurred, as well as the particular system, or the like, impacted by the incident. Normal business hours associated with the system, or the like, may be retrieved and a profile may be generated for the system, or the like.

PATENT: Digital currency cash grid; US 10,783,501 B2; 9/23/2020; CPC G06Q 20/0655; 13 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Cash grid techniques or systems are disclosed that provide a centralized tracking service for physical and digital currency. In operation, physical digital currency can be associated with, and otherwise tracked between, a mobile wallet and to the cash grid using unique ledger and communication systems and methodologies. A trusted bank or other entity can provide a machine which can convert physical cash to virtual cash. As part of the conversion from physical to digital currency, the identification (ID) (e.g., serial number) of the physical cash is transferred to and linked to the virtual (or digital) cash.

PATENT: Method and system for POS enabled installments with eligibility check requirements; US 10,783,510 B2; 9/23/2020; CPC G06Q 20/202; 16 claims; assigned to MasterCard International Incorporated.

FIELD: The present disclosure relates to the processing of transactions related to installments, specifically the use of eligibility checks to provide for the processing of a transaction as an installment based on consumer selection and the post-authorization processing of a payment transaction as an installment transaction.

PATENT: Systems and methods for third party token based authentication; US 10,783,518 B1; 9/23/2020; CPC G06Q 20/3674; 12 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method for authenticating a user on behalf of a third party provider includes receiving, by an identity provider computing system, a user token and user device information from the third party provider, identifying, by the identity provider computing system, the user based on the user token, identifying, by the identity provider computing system, related user activity based on the user device information, and authenticating, by the identity provider computing system, the user based on the related user activity.

PATENT: Systems and methods for providing enhanced loan qualification information; US 10,783,577 B2; 9/23/2020; CPC G06Q 40/025; 18 claims; assigned to Capital One Financial Corporation.

ABSTRACT: Methods and systems are disclosed for providing enhanced information relating to terms for financing a purchase, such as a real estate purchase. According to disclosed embodiments, a financial service system collects financial information associated with the prospective buyer. The financial service system also configures a secure software object, or token, comprising the buyer's financial information. The financial service system transmits the token to various inventory listing sites. By utilizing graphical user interfaces on the inventory listing sites that integrate the transmitted token information, the prospective buyer is provided enhanced information for shopping and researching their purchase, including how the purchase and its financing fit into their overall financial profile.

PATENT: Consolidated loan product; US 10,783,579 B1; 9/23/2020; CPC G06Q 40/025; 12 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: An example method for facilitating a home mortgage includes: normalizing a plurality of loan products into a consolidated loan product; originating the consolidated loan product for a home purchaser; after origination of the consolidated loan product, determining a best fit for the consolidated loan product from among the plurality of loan products; and transferring the consolidated loan product to an entity associated with the best fit from the plurality of loan products.

PATENT: Image analysis and identification using machine learning with output personalization; US 10,783,580 B2; 9/23/2020; CPC G06Q 40/025; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods for processing an image using machine learning are provided. The system includes a processor in communication with a client device, and a storage medium storing instructions that, when executed, cause the processor to perform operations including: receiving an image of a vehicle from the client device; extracting one or more features from the image; determining a make and a model of the vehicle based on the extracted features and using a machine learning algorithm. The operations also include: obtaining user information relating to a financing request for the vehicle; determining and transmitting to the client device a real-time quote for the vehicle based on the make, the model, and the user information.

PATENT: Systems and methods for providing real-time monitoring of spending limits; US 10,783,582 B2; 9/23/2020; CPC G06Q 40/06; 14 claims; assigned to Capital One Services, LLC.

ABSTRACT: In one embodiment, a server is provided for providing real-time monitoring of spending limits. The server may include memory storing software instructions, and a processor(s) configured to execute the software instructions to perform operations. The operations may include determining that a user has interacted with a store item in a retail environment. The operations may also include accessing a user profile of the user that includes a savings goal of the user, and determining that purchase of the store item would meet at least one trigger condition associated with the savings goal. The operations may further include generating an analysis of the estimated impact of the purchase to the savings goal, and providing the analysis to a device for display to the user while the user remains within the retail environment.

PATENT: Monitored alerts; US 10,783,583 B1; 9/23/2020; CPC G06Q 40/06; 12 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Disclosed in some examples are methods, systems, and machine readable mediums which provide for customized alerts for a user. Alerts may be described by a set of alert parameters. Alert parameters include the type of alerts, the frequency of alerts, and the content of the alerts. While the alert parameters may initially be set based upon the users explicitly entered preferences, the system may monitor one or more indicators to dynamically adjust one or more of the alert parameters. As the indicators allow the automated portfolio management system to respond to the needs of a user, these alerts may increase the personalization of automated portfolio management systems.

PATENT: Systems and methods associated with cash pooling; US 10,783,591 B1; 9/23/2020; CPC G06Q 40/12; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Systems, methods, and other embodiments associated with cash pooling. According to one embodiment, a system includes an account logic configured to receive at least one change selected by a user and make the at least one change to a pool. The pool includes a plurality of accounts. The system further includes a settlement logic configured to calculate a balance for one or more accounts in the pool. The settlement logic is further configured to identify at least one settlement options for the one or more accounts based at least in part on the balance.

September 15, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: System and method of utilizing a distributed order book in an electronic trade match engine; US 10,776,864 B2; 9/15/2020; CPC G06Q 40/00; 19 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Methods and systems are providing for minimizing the effects of transmission delays when providing orders for financial instruments. A plurality of order books and match engines may be maintained at geographically dispersed locations. The orders may be synchronized to provide the appearance of a single order book to traders and other users. The plurality of order books and match engines allow traders and other users to transmit orders to the match engine associated with the shortest transmission delay and to access orders pending at other match engines.

PATENT: System and methods for monitoring credit of trading counterparties; US 10,776,866 B2; 9/15/2020; CPC G06Q 40/025; 14 claims; assigned to BGC Partners, L.P.

ABSTRACT EXCERPT: Systems and methods are provided which monitor trades entered into and cleared by counterparties, track the net and gross positions of counterparties and the counterparties' parent entities, trigger warnings when counterparties or their parent entities exceed a warning limit, and shut-off counterparties' trading ability when counterparties exceed a credit limit.

PATENT: System and methods for risk-based prioritized transaction message flow; US 10,776,867 B2; 9/15/2020; CPC G06Q 40/04; 16 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Various systems and methods are provided for prioritized sending of transaction messages to an electronic exchange. According to one embodiment, a system determines a priority level for each transaction message based on a potential monetary reward or risk associated with sending or delaying the message. Once the priority levels are determined, the messages may be sent based on the priority levels.

PATENT: Dynamic strategy management tool; US 10,776,868 B2; 9/15/2020; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Example methods, apparatus, and computer readable storage media are described and disclosed. An example method includes depicting a strategy node in a graphical user interface presented by a computing device. The strategy node represents a trading strategy associated with two or more tradeable objects. The example method includes generating a graphical connector between the strategy node and one of a plurality of contract nodes including at least a first contract node and a second contract node.

PATENT: System including an electronic machine platform with multi-tier entity matching; US 10,776,869 B2; 9/15/2020; CPC G06Q 40/04; 11 claims; assigned to The Nasdaq Private Market.

FIELD: The present invention relates to a system that includes an electronic machine platform with data structures and algorithmic processing with multi-tier matching of participant-entity associated data for reassignment of security share data structures.

PATENT: Computer network systems for accurate market based benchmark estimates; US 10,776,870 B2; 9/15/2020; CPC G06Q 40/04; 20 claims; assigned to Environmental Financial Products, LLC.

ABSTRACT EXCERPT: A method and system for more accurately determining and providing market terms for conducting business transactions, wherein a plurality of computers are located at qualified institutions and are connected in electronic association in a cloud communication network, one of which is a server network device that maintains and/or provides the components of the system to process actual transaction data provided by the qualified institutions in real time to calculate market terms that are quickly transmitted back to the institutions.

PATENT: System and method for coalescing market data at a client device; US 10,776,871 B2; 9/15/2020; CPC G06Q 40/04; 22 claims; assigned to Trading Technologies International, Inc.

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

PATENT: System and method for providing market updates in an electronic trading environment; US 10,776,872 B2; 9/15/2020; CPC G06Q 40/04; 20 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A system and method are provided for modifying how market updates are provided in an electronic trading environment upon detecting one or more triggering events. One example method includes defining an event to be used to trigger modification of how market updates are provided to a client entity, receiving a market update from an electronic exchange, and, when the event is detected, modifying how the market update is provided to the client entity. As an example, the modification of how the market update is provided to the client entity may include providing less data in relation to market updates, and sending the market updates less frequently.

PATENT: Trade action confirmation tool; US 10,776,873 B2; 9/15/2020; CPC G06Q 40/04; 9 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Systems, methods, and apparatus for confirming trade actions are disclosed. An example method includes displaying a trade action cell corresponding with a trade action, receiving an initiation command, determining that the trade action was initiated based on the initiation command, receiving a confirmation command, wherein the confirmation command is a selection of the same trade action cell, and executing the trade action based on reception of the confirmation command.

PATENT: Strategy based exit planning for a trading system; US 10,776,874 B2; 9/15/2020; CPC G06Q 40/06; 20 claims; assigned to E*TRADE Financial Corporation.

ABSTRACT: A system for strategy based exit planning comprises a processor and a memory. The processor is configured to receive an indication to create an exit plan; and create an exit plan for a strategy, wherein the strategy comprises one or more instruments. The memory is coupled to the processor and configured to provide the processor with instructions.

September 8, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for remote deposit of checks; US 10,769,598 B1; 9/8/2020; CPC G06Q 20/042; 20 claims; assigned to USAA.

ABSTRACT: Remote deposit of checks can be facilitated by a financial institution. A customer's general purpose computer and image capture device may be leveraged to capture an image of a check and deliver the image to financial institution electronics. Additional data for the transaction may be collected as necessary. The transaction can be automatically accomplished utilizing the images and data thus acquired.

PATENT: Cryptocurrency transactions using debit and credit values; US 10,769,600 B2; 9/8/2020; CPC G06Q 20/10; 20 claims; assigned to IBM.

ABSTRACT: An embodiment of a computer implemented method for transferring cryptocurrency amounts includes receiving, by a processing device, a request to transfer an amount of a cryptocurrency from a first storage location. The method also includes, in response to the request, automatically generating a credit value and a debit value as a related pair, each of the credit value and the debit value having an identifier that relates the credit value and the debit value to the amount of the cryptocurrency, one of the credit value and the debit value being a positive value and another of the credit value and the debit value being a negative value, and transferring the amount of the cryptocurrency by the transaction module from a wallet connected to the transaction module to a second storage location.

PATENT: Systems and methods for use in clearing and/or settling network transactions; US 10,769,601 B2; 9/8/2020; CPC G06Q 20/10; 20 claims; assigned to Mastercard International Incorporated.

ABSTRACT EXCERPT: Systems and methods are provided for processing network transactions. One exemplary method includes transmitting a network request, received from a first entity, to a second entity; intercepting a network reply from the second entity, when the network reply is associated with the first entity and the first entity is a registered entity; appending an indicator to the network reply when a rule associated with the first entity is satisfied by a parameter of the network reply; and appending a transaction associated with the network reply to a settlement process when the rule is satisfied by the parameter.

PATENT: Payment real-time funds availability; US 10,769,606 B2; 9/8/2020; CPC G06Q 20/14; 54 claims; assigned to Early Warning Systems, LLC.

FIELD: This disclosure relates generally to financial transaction processing, and relates more particularly to payment real-time funds availability.

PATENT: Over the air update of payment transaction data stored in secure memory; US 10,769,614 B2; 9/8/2020; CPC G06Q 20/32; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: A system, apparatus, and method for processing payment transactions that are conducted using a mobile device that includes a contactless element, such as an integrated circuit chip. The invention enables the updating, correction or synchronization of transaction data maintained by an Issuer with that stored on the device. This is accomplished by using a wireless (cellular) network as a data communication channel for data provided by an Issuer to the mobile device, and is particularly advantageous in circumstances in which the contactless element is not presently capable of communication with a device reader or point of sale terminal that uses a near field communications mechanism.

PATENT: Methods and systems for displaying account information; US 10,769,616 B2; 9/8/2020; CPC G06Q 20/327; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Systems and methods are provided for displaying account information. The systems and methods may include a portable smart display device in short-range communication with a mobile device. The smart display device may be configured to provide a user with quick and easy yet secure access to account information, without the need for multi-step login and verification processes. The smart display device may be sized to fit within a wallet and within quick, easy reach of a user.

PATENT: Method and system for linkage of blockchain-based assets to fiat currency accounts; US 10,769,629 B2; 9/8/2020; CPC G06Q 20/3829; 20 claims; assigned to Mastercard International Incorporated.

FIELD: The present disclosure relates to management of fractional reserves of blockchain currency, specifically the use of centralized accounts to manage fractional reserves of fiat and blockchain currency updated via transaction messages corresponding to fiat- and blockchain-based payment transactions.

PATENT: System and methods for optimizing the effectiveness of interaction between participants in an electronic trading environment; US 10,769,725 B1; 9/8/2020; CPC G06Q 40/04; 19 claims; assigned to Bids Trading, L.P.

ABSTRACT: The system and methods for optimizing the effectiveness of interaction between participants in an electronic trading environment are disclosed. In one embodiment, the system monitors and tracks certain variables at several levels (e.g., firm, trader, trade desk, symbol, side, order type) for each participant in the system, updates the values of the variables in real time and/or over longer periods. From the values of the variables, the system assigns individual and composite scores to each trader, symbol or side or any composite of these and other variables. For every interaction in the trading environment, the scores and variables are used to determine how a trader interacts with a contra trader when their respective scores are compared, including determining permissioning and timing of sending invitations to trade, permissioning and timing of receiving invitations to trade and/or execution of the trade.

PATENT: System and method for modeling and verifying financial trading platforms; US 10,769,726 B2; 9/8/2020; CPC G06Q 40/04; 19 claims; assigned to Aesthetic Integration Limited.

ABSTRACT: A computer-implemented method assesses operation of a financial computing system (FCS). An assessment computer system generates code for a model of the FCS that comprises a model specification for the FCS and a model environment for the FCS. The code for the model uses a type-system based logical programming language that supports typed recursive functions. The assessment computer system generates mathematical axioms that describe the operation of the FCS by compiling the code for the model and assesses the operation of the financial computer system by analyzing the mathematical axioms.

PATENT: User interface for tracking deposits and expenses; US 10,769,730 B2; 9/8/2020; CPC G06Q 40/128; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Various examples are directed to systems and methods for interfacing a computing system to a human user. For example, a graphical user interface may be provided to a user. The graphical user interface comprises a holding shape and a first income source shape indicating a first income source. The holding shape comprises a filled portion having a first filled portion level indicating a first holding balance of an account of the user. A first deposit shape may be moved from the first income source shape towards the filled portion of the holding shape.

September 1, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: Creating and managing private electronic currency; US 10,762,478 B1; 9/1/2020; CPC G06Q 20/0658; 14 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Methods and systems are disclosed for transactions with a private digital currency. The private e-currency may be backed by a financial institution, managed using a blockchain, and only available for transactions with members of a network associated with the financial institution. The members may include mobile wallets, merchants and ATM's.

PATENT: Secure offline approval of initiated data exchanges; US 10,762,481 B1; 9/1/2020; CPC G06Q 20/10; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The disclosed embodiments include processes that securely approve and execute exchanges of data between systems, apparatuses, and devices in a computing environment.

PATENT: ATM token cash withdrawal; US 10,762,483 B2; 9/1/2020; CPC G06Q 20/1085; 14 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention are directed to a system for managing financial tokens associated with a financial account, whereby the system is directed towards generating and authenticating tokens associated with the financial account in order to grant access to a user to conduct financial transactions on the financial account using an Automated Teller Machine (ATM).

PATENT: Selecting a transaction card for a transaction based on characteristics of the transaction; US 10,762,489 B2; 9/1/2020; CPC G06Q 20/227; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: An example electronic wallet device may include a plurality of card slots configured to hold transaction cards, each card slot, of the plurality of card slots, including a card reader, and the plurality of card slots holding at least two transaction cards; and one or more processors to receive transaction information associated with a transaction at a transaction terminal, select a transaction card, of the at least two transaction cards based on the received transaction information, and/or provide a transaction token, associated with the selected transaction card to be used in connection with the transaction terminal to process the transaction.

PATENT: Systems and computer-implemented processes for model-based underwriting; US 10,762,560 B1; 9/1/2020; CPC G06Q 40/025; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods are disclosed for determining one or more credit lines based on statistical approximations of credit line optimization models. By approximating the results of the optimization model, the disclosed embodiments may provide real-time account level credit line determinations based on fewer criteria than used in the optimization models. Other aspects of the disclosed embodiments are described herein.

PATENT: Database image matching using machine learning with output personalization; US 10,762,562 B2; 9/1/2020; CPC G06Q 40/025; 20 claims; assigned to Capital One Services, LLC.

FIELD: The present disclosure relates generally to the field of image analysis using machine learning algorithms. More specifically, and without limitation, this disclosure relates to systems and methods for using machine learning algorithms to identify vehicles from images and generate personalized outputs.

PATENT: Secure exchange feed market data embargo; US 10,762,566 B2; 9/1/2020; CPC G06Q 40/04; 16 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: Methods, devices, and systems for communicating market data with market participants involve obfuscating at least a portion of a first financial message. Communicating the market data also involves augmenting a second financial message with a key configured to remove the obfuscation from the obfuscated portion of the first financial message.

PATENT: Systems and methods for administrating a certificate of deposit; US 10,762,567 B1; 9/1/2020; CPC G06Q 40/06; 9 claims; assigned to USAA.

ABSTRACT EXCERPT: A method for administrating a certificate of deposit (CD) includes receiving an option agreement entered into by a user with a financial institution. The option agreement defines one or more predetermined events enabling disposition of funds of a CD prior to the CD's maturity date. The option agreement has a fee associated therewith.

PATENT: Computing architecture for managed-account transactions; US 10,762,568 B2; 9/1/2020; CPC G06Q 40/06; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: An improved computing architecture for managed-account transactions is presented. In accordance with embodiments, responsive to receiving a request to allocate funds of a client amongst different investment strategies, a computing system may determine based on percentages to be invested indicated by the strategies and an allocation of the funds amongst the strategies indicated by the request, a number of units of the asset to purchase for the client.

PATENT: Systems and methods for trading with market depth information; US 10,762,569 B2; 9/1/2020; CPC G06Q 40/06; 24 claims; assigned to Fidessa Trading UK Limited.

ABSTRACT: Techniques for displaying market depth information for a financial instrument including a plurality of bid and ask order metrics at corresponding prices of the market instrument and associated time information. A graphical representation of the market depth information, with axes corresponding to time and price, is aligned with color gradients corresponding to one or more metrics including, for example, bid and ask order volume, order count, or order consideration, generated based on the market depth information. The graphical representation of the market depth information and the color gradients are displayed using a display device.

August 25, 2020

Total CPC G06Q Subclass (business methods) patents issued:  173

Financial industry business method patents reviewed herein:   10

PATENT: Processing system for providing a teller assistant experience using enhanced reality interfaces; US 10,755,250 B2; 8/25/2020; CPC G06Q 20/1085; 19 claims; assigned to Bank of America Corporation.

SUMMARY: Aspects of the disclosure provide effective, efficient, scalable, and convenient technical solutions that address and overcome the technical problems associated with providing an assisted teller experience at an automated teller machine.

PATENT: System framework processor for channel contacts; US 10,755,344 B2; 8/25/2020; CPC G06Q 40/00; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention are directed to a system, method, or computer program product for a framework processing for channel contacts data such as interaction data. In this way, the invention receives and processes raw interaction data from one or more deployed micro services. The framework subsequently provides for advanced operational execution not possible by the micro services.

PATENT: System and method for access to safe deposit box; US 10,755,346 B1; 8/25/2020; CPC G06Q 40/00; 20 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: A system and method are provided for electronically logging and controlling access to a safe deposit box at a financial institution. The system and method allow for detailed logs of an attempt, denial, or grant of access to a safe deposit box. The system and method also allow for notifications to be sent to all authorized users of any attempt, denial, or grant of access to a safe deposit box.

PATENT: System, method and apparatus for monitoring and execution of entry and exit orders; US 10,755,350 B1; 8/25/2020; CPC G06Q 40/04; 16 claims; assigned to TradeStation Technologies, Inc.

ABSTRACT EXCERPT: An improved method and system to create and write a security trading strategy, back test the strategy and automatically execute and monitor the strategy in an Internet based trading environment.

PATENT: Controlling operation of a trading algorithm based on operating condition rules; US 10,755,351 B2; 8/25/2020; CPC G06Q 40/04; 15 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Methods, systems and computer-readable storage media are provided for controlling operation of a trading algorithm based on operating condition rules. Certain embodiments provide a method including determining, using a computing device, an approval of use of a trading algorithm by monitoring for an occurrence of an operating condition defined in an operating condition rule.

PATENT: System and method for facilitating trading of multiple tradeable objects in an electronic trading environment; US 10,755,352 B2; 8/25/2020; CPC G06Q 40/04; 11 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: A system and method are provided for trading multiple tradeable objects. One example method includes displaying at least one combined quantity indicator representing a combined quantity associated with at least two tradeable objects, detecting an input associated with an order for a predetermined order quantity in relation to one of the combined quantity indicators, and allocating the order quantity between the at least two tradeable objects using at least one quantity allocation rule.

PATENT: Trading interface for facilitating trading of multiple tradeable objects in an electronic trading environment; US 10,755,353 B2; 8/25/2020; CPC G06Q 40/04; 20 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A system and method are provided for trading multiple tradeable objects. One example method includes displaying at least one combined quantity indicator representing a combined quantity associated with at least two tradeable objects, detecting an input associated with an order for a predetermined order quantity in relation to one of the combined quantity indicators, and allocating the order quantity between the at least two tradeable objects using at least one quantity allocation rule. In one example embodiment, a plurality of quantity allocation rules can be user-configurable, and different rules can be defined and applied in relation to different order types.

PATENT: Data packet processing methods, systems, and apparatus; US 10,755,354 B2; 8/25/2020; CPC G06Q 40/04; 20 claims; assigned to Nasdaq, Inc.

ABSTRACT: The technology detects undesirable data packets. Data packets are received from multiple sources at one or more packet switches in a data communications network. The one or more packet switches route the data packets to one or more intended destination computing nodes and also transmit a copy of all the data packets received in the data communications network to a network capture device. The network capture device processes the data packets, detects financial data packets, and transmits the detected financial data packets for analysis by a risk exposure computer system that performs automatic financial risk analysis based on the detected financial data packets.

PATENT: Receipt capture with goal encouragement; US 10,755,360 B1; 8/25/2020; CPC G06Q 40/12; 14 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method for encouraging saving towards a financial goal for an individual includes receiving on an electronic computing device one or more personal media elements from the individual. A receipt from a purchase by the individual is received. The receipt includes information relating to the purchase made by the individual. Information from the receipt relative to the financial goal is analyzed. At least one of the one or more personal media elements is selected for presentation with the receipt. The at least one of the one or more personal media elements selected is related to an effect of the purchase on achieving the financial goal.

PATENT: Disseminating floor quotes from open outcry markets; US 10,755,366 B2; 8/25/2020; CPC G06Q 50/01; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: One or more methods may be used to disseminate floor quotes from an open outcry financial market, such as via messages posted on a social network. These messages may include additional information for providing "color" to the price quotation. In some cases, a method of disseminating the floor quotes may include receiving, at a computer device, a request from a trader to receive an authenticated user name associated with a financial exchange. The financial exchange may then permit the trader to post one or more messages to a social network using the authenticated user name, where the message includes information about a trade on the financial exchange.

August 18, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: Automatic digital personal assistant interjection for delaying data exchange outcomes; US 10,748,131 B2; 8/18/2020; CPC G06Q 20/3223; 18 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The present disclosure involves systems, software, and computer implemented methods for intercepting data exchange requests and automatically imposing a hold period while the data exchange is evaluated for a user profile initiating the request.

PATENT: Security tool; US 10,748,132 B2; 8/18/2020; CPC G06Q 20/3224; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: An apparatus includes a memory and a hardware processor. The processor detects that a transaction involving a mobile device occurred. After detecting the transaction, the processor receives, from the mobile device, transaction information about the transaction, the transaction information comprising an identification of a merchant performing the transaction and an identification of a user of the mobile device. The processor receives, from the mobile device, a media file generated by the mobile device during the transaction and links the media file to the transaction information. The processor stores the transaction information and the media file in the memory.

PATENT: Transaction management based on audio of a transaction; US 10,748,133 B1; 8/18/2020; CPC G06Q 20/3272; 21 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: The transaction analysis platform may analyze an audio signal to determine whether a user is associated with a transaction. The transaction analysis platform may determine that a tone of the audio signal is a transaction tone associated with the transaction. The transaction analysis platform may process, based on detecting the transaction tone, the audio signal to identify a set of tones associated with the transaction.

PATENT: System and method for management of payee information; US 10,748,134 B2; 8/18/2020; CPC G06Q 20/3274; 18 claims; assigned to Visa International Service Association.

FIELD: This application relates to the field of management of payee information; in particular for use by payment applications provided on mobile communication devices.

PATENT: System and method for providing time to cure negative balances in financial accounts while encouraging rapid curing of those balances to a positive net position; US 10,748,209 B2; 8/18/2020; CPC G06Q 40/02; 36 claims; assigned to Huntington Bancshares Incorporated.

ABSTRACT: A computer implemented method and system for providing financial services are described. The system and method include determining an account balance for a financial account. If the account balance is negative, notice of the negative balance is sent to the account holder in real time. After a predetermined period of time or grace period, and/or by a predetermined end time or cut-off date or time, it is determined whether the negative balance was cured. 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: Systems and methods for coordinating processing of scheduled instructions across multiple components; US 10,748,210 B2; 8/18/2020; 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 execute financial transactions as well as scheduled tasks. The multiple transaction processors perform all actions independently of each other, but can be configured to execute the financial transactions or scheduled tasks in a controlled, coordinated, and/or synchronized manner based on time signal data augmented to the financial transactions or scheduled tasks by a transaction receiver/orderer.

PATENT: Block placing tool for building a user-defined algorithm for electronic trading; US 10,748,211 B2; 8/18/2020; CPC G06Q 40/04; 18 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Certain embodiments provide a block placing tool for building a user-defined algorithm for electronic trading. Certain embodiments provide for receiving by a block placing tool a selection of one or more blocks. Certain embodiments provide for receiving by a block placing tool a mapping definition including a mapping between block types and/or attributes. Certain embodiments provide for placing blocks based on a selection of blocks and a mapping definition.

PATENT: Transaction processor for clearing interest rate swaps with improved efficiency; US 10,748,212 B2; 8/18/2020; CPC G06Q 40/04; 32 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: The disclosed embodiments relate to improving the efficiency of an electronic trading system for interest rate swaps ("IRS") by allowing for IRS contracts to be funded in a base currency while the cash flows, e.g. coupon payments, price alignment interest, variation margin, are denominated in a local currency different from the base currency.

PATENT: System and method for communicating with an electronic exchange in an electronic trading environment; US 10,748,213 B2; 8/18/2020; CPC G06Q 40/04; 20 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: System and methods for a connection proxy server are described. According to an example method described herein, a connection proxy server stores subscription, product tables as well as other downloads that are provided to a client terminal during initialization stage as well as later during a trading session. Upon detecting that a connection between the client terminal and a gateway is lost, the connection proxy maintains a communication session created for the client terminal at the gateway and receives data intended for the client terminal.

PATENT: Method and system for measuring exposure of an investment fund to an issuer of financial assets; US 10,748,214 B2; 8/18/2020; CPC G06Q 40/06; 7 claims; assigned to CE TM Holdings LLC.

ABSTRACT EXCERPT: Method and system providing integration of investment fund data. One system includes a database configured to store financial data pertaining to financial assets. The system further includes a display application configured to create a display for displaying financial data pertaining to the financial assets. The display includes a first view adapted to display a list of financial transactions related to the financial assets. The display further includes a second view adapted to display asset metrics associated with the financial assets.

August 11, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: Third party settlement; US 10,740,731 B2; 8/11/2020; CPC G06Q 20/023; 20 claims; assigned to Visa International Service Association.

ABSTRACT: A method includes receiving, at a server computer, first a clearing request message, where the clearing request message comprises a transaction identifier; generating a second clearing request message and transmitting the second clearing request message to a first computer, the second clearing request message including a first derived transaction identifier derived from the transaction identifier; and generating a third clearing request message and transmitting the third clearing request message to a second computer, the third clearing request message including a second derived transaction identifier derived from the transaction identifier.

PATENT: Systems and methods for use in transferring funds between payment accounts; US 10,740,735 B2; 8/11/2020; CPC G06Q 20/10; 13 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: Systems and methods are provided for use in facilitating fund transfers between source accounts and destination accounts, based on source account identifiers included in computer-readable indicia.

PATENT: Secure transactions in social media channels; US 10,740,751 B1; 8/11/2020; CPC G06Q 20/3674; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: Techniques are described for authenticating a user to perform secure transactions with a secure system via social media channels. In one example, the secure system may comprise a financial institution with which the user has at least one financial account, and the transaction may comprise a transfer of funds initiated within a social media application executing on a user computing device.

PATENT: Method and system for integration of market exchange and issuer processing for blockchain-based transactions; US 10,740,756 B2; 8/11/2020; CPC G06Q 20/40; 20 claims; assigned to MasterCard International Incorporated.

FIELD: The present disclosure relates to the authorizing of blockchain transactions, specifically the identification of risk values for a blockchain transaction based on an account's available fiat and blockchain currency and use thereof in determining authorization of a payment transaction using blockchain currency.

PATENT: Method and system for identifying high probability trade matches; US 10,740,835 B2; 8/11/2020; CPC G06Q 40/00; 20 claims; assigned to Refinitiv US Organization LLC.

ABSTRACT EXCERPT: Methods and Systems for routing an indication of interest message are provided in which one or more external trade messaging systems are monitored to discover and collect information related to a trading posture of a plurality of trading counterparties.

PATENT: Apparatus and method for dynamic offline balance management for preauthorized smart cards; US 10,740,836 B2; 8/11/2020; CPC G06Q 40/00; 15 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A smart payment device is issued to a user; the device is capable of both offline and online transactions and has a total available balance split. The split is between an available offline balance and an available online balance. It is determined whether the user has entered a primarily offline environment or will imminently enter a primarily offline environment. If this is so, the total available balance split is redistributed to favor offline transactions.

PATENT: Systems and methods for implementing a confirmation period; US 10,740,839 B2; 8/11/2020; CPC G06Q 40/04; 15 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: An example method includes identifying a market condition associated with a quantity of a tradeable object of a trading strategy, wherein the market condition triggers an adjustment to the trading strategy; initiating a confirmation period in response to the market condition; when a reevaluation of the market condition during the confirmation period indicates that the market condition has ceased, preventing the adjustment to the trading strategy; and when the market condition persists throughout the confirmation period, proceeding with the adjustment to the trading strategy.

PATENT: Match engine testing system; US 10,740,840 B2; 8/11/2020; CPC G06Q 40/04; 7 claims; assigned to New York Mercantile Exchange, Inc.

ABSTRACT: A symbolic modeling language for trade matching providers techniques to describe the specialized operations of a match engine in a form that can be understood by business analysts and readily translated into program code and test cases by developers and testers. Associated techniques for calculating implied markets and testing can expedite match engine development, testing and maintenance.

PATENT: Systems and methods of an interface for use in electronic trading; US 10,740,841 B2; 8/11/2020; CPC G06Q 40/04; 20 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Various systems and methods for presenting and interacting with electronic trading related information on a display screen of a computer system are provided. According to one or more embodiments, buttons are positioned and compressed along an axis, where each button corresponds to a function. A button can be selected through an action of a user input device. A button is removed from the region when a function corresponding to the button is no longer current and when the cursor is not positioned within the region. The remaining buttons, if any, in the region are compressed subsequent to removing the button from the region. A button is not removed from the region when the cursor is positioned within the region.

PATENT: Financial exchange system and method for processing retail price improvement orders; US 10,740,842 B2; 8/11/2020; CPC G06Q 40/04; 43 claims; assigned to CBOE Global Markets.

ABSTRACT: An exchange order fulfillment method comprises receiving, by at least one processor of an electronic exchange, a plurality of electronic communications comprising orders for trades of one or more financial instruments, at least one order comprising an amount of price improvement to be applied to one of a protected national best bid (NBB) or a protected national best offer (NBO) of a financial instrument for a trade. The method further includes fulfilling, by the at least one processor, the order when the amount of the price improvement is more aggressive than a specified value of aggressiveness relative to the one of the protected NBB or the protected NBO of the financial instrument and reporting information associated with fulfillment of the order.

July 21, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

July 14, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

July 7, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

June 30, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

ABSTRACT EXCERPT: The present embodiments are provided to facilitate the automatic trading of spreads in a fast and accurate manner. One or more market data feeds that contain market information for tradable objects are received at an exchange. A spread data feed is generated in response to the market data feeds and from one or more spread setting parameters, which can be entered by a user. The spread data feed is preferably displayed in a spread window as bid and ask quantities associated with an axis or scale of prices.

PATENT: Computing architecture for managed-account transactions; US 10,699,342 B2; 6/30/2020; CPC G06Q 40/06; 18 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: An improved computing architecture for managed-account transactions is presented. In accordance with embodiments, responsive to receiving a request to purchase one or more units of an asset for an account of a client, a computing system may identify a customized rule for the account, the client, and/or the asset.

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

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

June 23, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PATENT: Multi-path routing system including an integrity mechanism; US 10,692,144 B2; 6/23/2020; CPC G06Q 40/04; 34 claims; assigned to Chicago Mercantile Exchange Inc.

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

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

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

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

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

June 16, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

June 9, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

June 2, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

May 26, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

May 19, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

May 12, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

May 5, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

PATENT: Systems and computer-implemented processes for model-based underwriting; US 10,643,276 B1; 5/5/2020; CPC G06Q 40/025; 14 claims; assigned to Capital One Services, LLC.

ABSTRACT: Systems and methods are disclosed for determining one or more credit lines based on statistical approximations of credit line optimization models. By approximating the results of the optimization model, the disclosed embodiments may provide real-time account level credit line determinations based on fewer criteria than used in the optimization models. Other aspects of the disclosed embodiments are described herein.

PATENT: Systems and methods for bill payment with dynamic loan capacity; US 10,643,277 B2; 5/5/2020; CPC G06Q 40/025; 19 claims; assigned to American Express Travel Related Services Company, Inc.

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

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

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

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

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

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

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

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

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

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

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

April 28, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: Contextual graphical user interfaces; US 10,636,085 B1; 4/28/2020; CPC G06Q 40/02; 21 claims; assigned to Wells Fargo Bank, N.A.

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

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

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

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

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

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

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

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

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

PATENT: Trading system products and processes; US 10,636,091 B2; 4/28/2020; CPC G06Q 40/04; 20 claims; assigned to CFPH, LLC.

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

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

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

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

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

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

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

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

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

April 21, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

April 14, 2020

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

Financial industry business method patents reviewed herein:   10

PATENT: System for automatically establishing an operative communication channel to transmit instructions for canceling duplicate interactions with third party systems; US 10,621,558 B2; 4/14/2020; CPC G06Q 20/00; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention are directed to a system, method, or computer program product for identifying duplicate third party interactions based on information extracted from multiple resources associated with an enrolled user. Furthermore, the system may automatically modify a duplicate third party interaction upon identification, wherein the system may cancel the duplicate third party interaction by interrupting payments to the third party provider associated with the duplicate interaction.

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

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

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

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

PATENT: Identity verification services with identity score through external entities via application programming interface; US 10,621,658 B1; 4/14/2020; CPC G06Q 40/02; 25 claims; assigned to Wells Fargo Bank, N.A.

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

PATENT: Multi-bank asset participation structure; US 10,621,663 B2; 4/14/2020; CPC G06Q 40/025; 6 claims; assigned to Citibank, N.A.

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

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

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

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

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

PATENT: System and method for facilitation cross orders; US 10,621,666 B2; 4/14/2020; CPC G06Q 40/04; 14 claims; assigned to IEX Group, Inc.

ABSTRACT: A number of techniques for improving electronic trading are disclosed. According to some embodiments, an electronic trading system may establish a new Facilitation Cross order type which automatically performs a number of trading steps in a single uninterrupted sequence so as to help a risk trader fulfill a client investor's trading request efficiently and with lower market risk.

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

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

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

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

April 7, 2020

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

Financial industry business method patents reviewed herein:   10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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