Patents By Frip

PATENT: Cryptographic currency for securities settlement; US 9,704,143 B2; 7/11/2017; CPC G06Q 20/06; 20 claims; assigned to Goldman Sachs & Co.

ABSTRACT: The present disclosure is directed to security settlement in financial markets and cryptographic currencies. Particular portions of the present disclosure are directed to a cryptographic currency protocol and to a cryptographic currency that includes a positional item. The cryptographic currency protocol supports a virtual wallet that, in various embodiments, is a security and cash account for storing and managing the cryptographic currency. Opening a transaction via the virtual wallet to transfer the cryptographic currency is a strong guarantee of the availability of funds in the virtual wallet because, e.g., funds are not transacted unless the commit phase is successful.

PATENT: Mobile payment systems and methods; US 9,704,152 B1; 7/11/2017; CPC G06Q 20/3223; 19 claims; assigned to GoFigure Payments, LLC.

SUMMARY: The present invention relates generally to systems, methods and devices for facilitating a value exchange. More particularly, the present invention relates to systems, methods and devices for facilitating payments made with a mobile wireless communications device.

Frip: Maybe it’s time for the old guy to get a “mobile wireless communications device.”

PATENT: Wearable personal digital device for facilitating mobile device payments and personal use; US 9,704,154 B2; 7/11/2017; CPC G06Q 20/3278; 23 claims; assigned to World Award Academy, World Award Foundation, AMobilePay, Inc.

SUMMARY: Provided are a wearable personal digital device for facilitating mobile device payments, personal use, and health care and a method for facilitating user interaction with a wearable personal digital device for facilitating mobile device payments, personal use, and health care. The wearable personal digital device for facilitating mobile device payments, personal use, and health care use may comprise a processor, a display, one or more biometric sensors, one or more activity tracking sensors, a memory unit, a communication circuit, a housing, an input unit, and a band.

PATENT: Passing payment tokens through an hop/sop; US 9,704,155 B2; 7/11/2017; CPC G06Q 20/36; 17 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 secure element based shared cardholder verification; US 9,704,156 B2; 7/11/2017; CPC G06Q 20/3672; 21 claims; assigned to MasterCard International Incorporated.

ABSTRACT: In a payment-enabled smartphone, a shared cardholder verification method (CVM) applet serves a number of mobile payment cardlets. The shared CVM applet validates CVM information input by a user of the smartphone and in response issues a CVM token. The CVM token is passed to a particular one of the mobile payment cardlets that is selected for a current transaction. The selected mobile payment cardlet submits the CVM token back to the shared CVM applet for verification. Upon verifying the CVM token, the shared CVM applet enables the selected mobile payment cardlet to perform the current transaction.

PATENT: System and method for a mobile wallet; US 9,704,157 B1; 7/11/2017; CPC G06Q 20/3821; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-implemented method includes receiving a request for a code to provide to a merchant, the code being generated for the merchant to display to an account holder, generating the code, including embedding in the code a transaction identification number, a geographic location of the merchant, a timestamp, sending the code to the merchant for displaying to a mobile device to scan, receiving an amended code from the mobile device to transfer funds to the merchant from an account held by the account holder, and sending the requested funds to the merchant upon verifying a geographic location of the mobile device is within a predetermined distance of the geographic location of the merchant.

PATENT: Trusted execution environment for transport layer security key pair associated with electronic commerce and card not present transactions; US 9,704,160 B2; 7/11/2017; CPC G06Q 20/3829; 23 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: According to some embodiments, a requesting application executing on a mobile device may request a transport layer security key pair in connection with a payment transaction. Responsive to the request, a trusted execution environment client of the mobile device may route a request to a payment application executing in a secure trusted execution environment of the mobile device. It may then be arranged, within the secure trusted execution environment, to create the transport layer security key pair and provide key pair to the requesting application.

PATENT: Method for tracking items using a fund processing device; US 9,704,170 B2; 7/11/2017; CPC G06Q 30/0202; 9 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Tools for forecasting financial instrument transfers are provided. The tools may include a funds processing system. The funds processing system may be established at a client location. The funds processing system may receive a plurality of items. The items may include one or more financial instruments. The items may include one or more attachments. The items may be processed using the funds processing system. Data corresponding to the items may be transmitted to a financial institution. The data may be used to compute a forecast.

PATENT: Multiple funding account payment instrument analytics; US 9,704,195 B2; 7/11/2017; CPC G06Q 40/00; 19 claims; assigned to Fair Isaac Corporation.

ABSTRACT: A system and method for multiple funding account payment instrument analytics is disclosed. A payment instrument profile is generated for a payment instrument that characterizes past activity on the payment instrument and past activity across one or more funding accounts associated with the payment instrument. Current activity on the payment instrument and current activity across one or more funding accounts associated with the payment instrument are monitored to detect an abnormality against the payment instrument profile. A fraud score for the current activity on the payment instrument and current activity across one or more funding accounts associated with the payment instrument is generated. The fraud score is based on a quantified extent of the abnormality.

PATENT: System and method for regulating order entry in an electronic trading environment; US 9,704,196 B2; 7/11/2017; CPC G06Q 40/04; 14 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: 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. Alternatively, slop parameters associated with a spread order may also apply more restrictive slop parameters to orders within the same adjustable range. Slop parameters associated with a spread order can also be configured and modified by a trader based on the trader's preferences. Other features and advantages are described herein.

Frip: Slop them hogs!

PATENT: Method and system for facilitating a context-based electronic communication regarding a financial transaction; US 9,704,198 B2; 7/11/2017; CPC G06Q 40/06; 12 claims; assigned to KCG IP Holdings LLC.

SUMMARY: In general, the present disclosure provides techniques for context-based electronic communication regarding a financial transaction. The application relates generally to data management and, more specifically, to a method and system for administering an investment fund.

PATENT: System and method of providing replenishment and pick-up services to one or more cash handling devices; US 9,697,493 B2; 7/4/2017; CPC G06Q 10/08355; 12 claims; assigned to Bank of America.

ABSTRACT: A transport carrier (i.e., an armored vehicle or any mode of transportation) may be equipped with cash storage and recycling capabilities. The transport carrier may be equipped to replenish funds as needed and/or pick up a surplus of funds. The transport carrier may be in communication with a financial institution and/or a central server. In some arrangements, the central server may dynamically route the transport carrier to cash handling devices as various locations in order to efficiently meet the needs of the devices and associated clients.

Frip: No prior art for armored cash-carrying cars?!

PATENT: Automated financial transactions; US 9,697,505 B2; 7/4/2017; CPC G06Q 20/1085; 20 claims; assigned to IBM.

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

PATENT: Facilitating a secure transaction over a direct secure transaction portal; US 9,697,512 B2; 7/4/2017; CPC G06Q 20/3227; 11 claims; assigned to MasterCard Mobile Transactions Solutions, Inc.

ABSTRACT: Methods and systems are provided for supporting electronic transactions, including transactions that are provided with per-user, per-device and per-domain security across domains of multiple service providers.

PATENT: User terminal and payment system; US 9,697,513 B2; 7/4/2017; CPC G06Q 20/3227; 9 claims; assigned to China Unionpay Co., Ltd.

ABSTRACT: The invention provides a user terminal and a payment system. The user terminal comprises an input device, a multi-channel selection switch, an application module, a processor, a password processing module, and a security IC chip containing information on user's ID and/or banking card therein, wherein the multi-channel selection switch is coupled with the input device, the password processing module and the processor, the password processing module is coupled with the processor, and the security IC chip is coupled with the password processing module; the application module controls the multi-channel selection switch via the processor so as to place the user terminal in a password input mode or in a normal input mode. The invention ensures the safety in entering the user's password in hardware configuration so that even when software system of the user terminal is not safe in itself, the safety of input password can be ensured.

PATENT: Mobile terminal and method of performing NFC payment using the mobile terminal; US 9,697,515 B2; 7/4/2017; CPC G06Q 20/3278; 18 claims; assigned to LG Electronics Inc.

ABSTRACT: The present invention relates to a mobile terminal that has a function of changing a payment credit card at the time of near field communication (NFC) at a low battery state to improve convenience in credit card payment and a method of performing NFC payment using the mobile terminal.

PATENT: Token generation in providing a secure credit card payment service without storing credit card data on merchant servers; US 9,697,517 B1; 7/4/2017; CPC G06Q 20/385; 15 claims; assigned to State Farm Mutual Automobile Insurance Company.

ABSTRACT: A method and system may provide a secure credit card payment service which allows a merchant to store credit cards without storing credit card data on merchant servers. The customer provides a credit card by specifying customer data such a nickname for the credit card, a billing address, a billing phone number, a credit card company that issued the credit card, etc., as well as credit card data such as a credit card number, a credit card expiration date, a credit card service code, etc. The customer data may be received and stored at a merchant server, while the credit card data may be received and stored at a separate token server, which generates a token to represent the credit card data. The token may be stored at the merchant server and used to access the credit card data from the token server.

PATENT: Tokenization in mobile environments; US 9,697,518 B2; 7/4/2017; CPC G06Q 20/385; 20 claims; assigned to Protegrity Corporation.

ABSTRACT: Data can be protected in mobile and payment environments through various tokenization operations. A mobile device can tokenize communication data based on device information and session information associated with the mobile device. A payment terminal can tokenize payment information received at the payment terminal during a transaction based on transaction information associated with the transaction. Payment data tokenized first a first set of token tables and according to a first set of tokenization parameters by a first payment entity can be detokenized or re-tokenized with a second set of token tables and according to a second set of tokenization parameters. Payment information can be tokenized and sent to a mobile device as a token card based on one or more selected use rules, and a user can request a transaction based on the token card. The transaction can be authorized if the transaction satisfies the selected use rules.

PATENT: Multi-layer transaction tracking and encryption; US 9,697,519 B2; 7/4/2017; CPC G06Q 20/385; 20 claims; assigned to Bank of America.

ABSTRACT EXCERPT: Embodiments for tracking multi-layer secured transactions include systems for providing a dedicated secure transaction channel to a user and sending pre-authorization code to the user via the transaction channel. The systems allow the user to encrypt transaction data and receive the encrypted transaction data from the user via the transaction channel.

PATENT: Merchant configured advertised incentives funded through statement credits; US 9,697,520 B2; 7/4/2017; CPC G06Q 20/387; 18 claims; assigned to Visa U.S.A. Inc.

SUMMARY: Implementations generally relate to advertised incentives by merchants to encourage consumers to make or complete purchases facilitated and managed by an issuer or transaction handler, and more particularly to a statement credit incentive to a consumer's payment device account with the issuer or transaction handler offered by a merchant to encourage the consumer to make a purchase from the merchant and also on the consumer's account with the issuer or transaction handler.

PATENT: Authentication system and method; US 9,697,521 B2; 7/4/2017; CPC G06Q 20/4016; 25 claims; assigned to JPMorgan Chase Bank, N.A.

SUMMARY: Embodiments of the invention are related generally to systems and methods for authenticating a customer attempting to access a financial account or account services, and, more particularly, to a system and method for authenticating a customer in a consistent and appropriate manner through multiple access channels.

PATENT: Enterprise fulfillment system with dynamic prefetching capabilities; US 9,697,524 B1; 7/4/2017; CPC G06Q 30/016; 30 claims; assigned to JPMorgan Chase Bank, N.A.

SUMMARY: 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: Systems and methods for creating a user customized bank card; US 9,697,555 B2; 7/4/2017; CPC G06Q 30/0621; 19 claims; assigned to CPI Card Group.

ABSTRACT: One form of the present invention contemplates a unique system for creating a customized bank card by a consumer/user based on instructions from a remote terminal. Other forms of the present invention contemplate unique apparatuses, systems, devices, hardware, software, methods, and combinations of these for creating customized bank cards.

PATENT: Exchange feed for trade reporting having reduced redundancy; US 9,697,569 B2; 7/4/2017; CPC G06Q 40/04; 20 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, are 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: System and method for a trading interface incorporating a chart; US 9,697,570 B2; 7/4/2017; CPC G06Q 40/04; 14 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A graphical interface and method are provided for displaying market information corresponding to a tradeable object. One graphical interface includes a chart region for displaying historical market data in relation to a first value axis, and a market grid region in alignment with the chart region. The market grid region comprises a plurality of areas for receiving commands from a user input device to send trade orders, and the areas are displayed in relation to a second value axis. A plurality of values displayed along the second value axis is a subset of values displayed in relation to the first value axis, and can be modified to a new plurality of values that corresponds to a new subset of values on the first value axis.

Frip: And this comports with Alice?

PATENT:  Application shell login role based access control; US 9,691,044 B2; 6/27/2017; CPC G06Q 10/06312; 14 claims; assigned to Bank of America Corporation.

ABSTRACT: Embodiments for providing roles based system access to a user include systems for identifying an application login event and a role associated with the login event. Further the embodiments include selecting code associated with the identified role, inserting, by a processor, the code into an application shell; and providing, by a processor, the content of the shell to an application associated with a computing device of the user in response to the login event, the content of the shell comprising only role specific data. In specific embodiments, data unrelated to the identified role is not provided to the application or stored in the computing device.

PATENT: System and method for transferring funds; US 9,691,056 B2; 6/27/2017; CPC G06Q 20/10; 18 claims; assigned to clearXchange, LLC.

SUMMARY: According to an example embodiment, a computer-implemented payment processing method comprises receiving a fund transfer request identifying a recipient by a public identifier, determining a private identifier for the receiver based on the public identifier, and transmitting a transfer message via a computer network to cause funds to be transferred from a sender to the recipient. The fund transfer request is received via a computer network. The message is generated using the private identifier.

PATENT: Automated budgeted transfer process for linked accounts; US 9,691,058 B2; 6/27/2017; CPC G06Q 20/108; 14 claims; assigned to Bank of America Corporation.

ABSTRACT: Embodiments for linking accounts and transferring funds between linked accounts include system for receiving financial account data and identifying at least one funding account and one or more receiving accounts from the account data. The systems determine a mapping strategy for linking the at least one funding account and one or more receiving accounts and link the at least one funding account and the one or more receiving accounts according to the mapping strategy. The systems further set parameters and execute a transfer of funds between the linked accounts in accordance with the parameters.

PATENT: Systems and methods for transactions using an ATM/credit/debit card and a second communications channel to an account holder's bank; US 9,691,059 B1; 6/27/2017; CPC G06Q 20/1085; 16 claims; assigned to USAA.

ABSTRACT: Systems and methods for performing a transaction with a headless point-of-sale or automated teller machine (ATM) device are disclosed using a card having a second communications path to a financial services provider. A card having a display and radio frequency (RF) communications module may be authenticated with a headless point-of-sale device using a short-range RF communications link. Characteristics of the card may be set prior to the transaction. Transaction information may be provided to the display of the card from the headless point-of-sale device. A customer may confirm the transaction at the card using a touch-sensitive input area. During the processing, a communication may be made over the second communications path to authorize the transaction independently of the transaction processing path. A transaction may then be completed at the headless point-of-sale device.

Frip: “Headless”?

PATENT: Low value based acceptance cost recovery; US 9,691,060 B2; 6/27/2017; CPC G06Q 20/20; 6 claims; assigned to Bank of America Corporation.

ABSTRACT: Methods and apparatus for recovering a transaction cost in connection with a transaction between a customer and a merchant are provided. The transaction cost may be recovered from a transaction that originates at a merchant location associated with a merchant category code. The transaction cost may be recovered from a low-value purchase. A recovery amount associated with the low-value purchase may include a fixed amount. The recovery amount associated with the low-value purchase may include a percentage of the acceptance cost. The recovery amount may be shared among two or more transaction participant. The recovery amount may be dynamically adjusted. Methods and apparatus may include providing adequate notice of changes in the recovery amount. The transaction cost may be recovered utilizing central control over network of merchant locations.

PATENT: Automated transactions clearing system and method; US 9,691,065 B2; 6/27/2017; CPC G06Q 20/38; 20 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: Method and system for generating electronic forms for purchasing financial products; US 9,691,072 B2; 6/27/2017; CPC G06Q 30/02; 6 claims; assigned to Genworth Holdings, Inc.

ABSTRACT EXCERPT: The present invention provides a system and method for generating electronic forms for purchasing a financial product, such as a variable annuity. The present invention enables a user (e.g., an agent, a seller, etc.) to access a web-based application where pre-interview data of a client may be entered. The web-based application may then setup interview transaction templates based on various rules and other considerations for gathering appropriate information from a client. The transaction may be stored on the user's desktop device which may be used to remotely gather interview data from a client.

PATENT: Systems and methods of natural language processing and statistical analysis to identify matching categories; US 9,691,085 B2; 6/27/2017; CPC G06Q 30/0269; 20 claims; assigned to Visa International Service Association.

ABSTRACT: Combining the natural language processing of product descriptions and statistical analysis of payment data to classify consumers based on products purchased and merchants based on products sold. Systems and methods use natural language processing techniques to interpret the descriptions of item level purchase data to classify products that have been purchased by customers into micro-categories. Statistical deviation methods are applied to the payment data to calculate normalized mean product cost, after removing outliers. After determining the micro-categories of the products purchased and the mean product cost of the purchased products, the system and methods classify consumers and merchants into categories based at least in part on the product micro-categories, mean costs, and relative volume of product types sold by merchants to predict which consumers are likely to purchase from which merchants.

PATENT: Predicting and responding to customer needs using local positioning technology; US 9,691,092 B2; 6/27/2017; CPC G06Q 30/0613; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: Methods and systems for predicting and responding to customer needs using local positioning technology are presented. In some embodiments, a customer assistance computing platform may receive one or more attributes associated with a beacon signal received by a customer computing device and an identifier associated with the customer computing device. Subsequently, the computing platform may determine an identity of a customer using the customer computing device. The computing platform then may determine a location of the customer using the customer computing device based on the one or more attributes associated with the beacon signal. Thereafter, the computing platform may determine one or more predicted needs of the customer. Then, the computing platform may generate a notification based on the predicted needs of the customer and may send the notification to the customer computing device.

Frip: Big Bro Big Time.

PATENT: Transactionally deterministic high speed financial exchange having improved, efficiency, communication, customization, performance, access, trading opportunities, credit controls, and fault tolerance; US 9,691,102 B2; 6/27/2017; CPC G06Q 40/04; 24 claims; assigned to Chicago Mercantile Exchange Inc.

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

PATENT: System and method for providing revenue protection based on weather derivatives and merchant transaction data; US 9,691,104 B2; 6/27/2017; CPC G06Q 40/08; 16 claims; assigned to MasterCard International Incorporated.

ABSTRACT: Processor-executable methods, computing systems, and related processing for the creation, transaction, administration, management and communication of data relating to weather-related guarantees or revenue protection policies for mitigating the risk of loss of recurrent merchant revenue due to one or more weather conditions, based on analysis of revenues resulting from payment card transactions associated with the merchant.

PATENT: Mechanism for reputation feedback based on real time interaction; US 9,691,109 B2; 6/27/2017; CPC G06Q 50/01; 21 claims; assigned to Visa International Service Association.

ABSTRACT: A method for confirming that a user interacted with a resource provider before allowing the user to submit feedback associated with the resource provider is disclosed. A social network provider can query entities that are aware of the user's interaction history before activating a feedback function. Also, non-sensitive information can be used to identify the user.

PATENT: Method and apparatus for invoking a degraded mode architecture; US 9,684,894 B2; 6/20/2017; CPC G06Q 20/202; 14 claims; assigned to Bank of America Corporation.

ABSTRACT: An apparatus for invoking a degraded mode architecture is provided. The apparatus may include a desktop application, a branch processor, and/or a data center. The branch processor may be in communication with the data center and the desktop application. The branch processor may transmit activities that occurred in the branch processor and the desktop application to the data center. During a termination of communication between the data center and the branch processor, the branch processor may save branch processor activities and desktop application activities. After the termination of communication, the branch processor may transmit the saved activities to the data center. In addition, many components which may be found on the desktop application may also be found on the branch processor. This may enable the branch processor to perform the desktop application capabilities when there is a termination of communication between the desktop application and the branch processor.

Frip: Being a real IT geek might help with this one.

PATENT: Systems and methods for providing location based coupon-less offers to registered card members; US 9,684,909 B2; 6/20/2017; CPC G06Q 30/0207; 23 claims; assigned to American Express Travel Related Services Company, Inc.

ABSTRACT EXCERPT: The system provides location based coupon-less offers based upon a location of a card member (CM). a location of a CM may be determined based upon one or more of a travel itinerary, a GPS signal, a proximity of a mobile communication device to a cellular base station, and/or a zip code. An offer from a merchant registered to provide coupon-less offers may be transmitted to a mobile communication device based upon the location.

Frip: Big Bro Amex, keeping its eye on you.

PATENT: Dual encoding of machine readable code for automatic scan-initiated purchase or uniform resource locator checkout; US 9,684,920 B2; 6/20/2017; CPC G06Q 30/0623; 12 claims; assigned to Visa International Service Association.

ABSTRACT: Embodiments of the invention are directed to systems and methods for allowing a single representation of a trigger for payment across different environments using machine readable codes. A machine readable code may be encoded with a URL and information about a product to which the machine readable code is attached. A first electronic device may be able to scan and decode the machine readable code into first recognizable product information using a complaint application. The compliant application may populate a first form on the first electronic device for a first transaction with the recognizable product information without having to access a server. A non-compliant application on a second electronic device will launch a browser using the URL and provide the unrecognizable product information to the server for decoding. The server will decode the unrecognizable product information into a second recognizable product information that may be used to populate a second form for a second transaction.

PATENT: Method and system for offering a credit product by a credit issuer to a consumer at a point-of-sale; US 9,684,931 B2; 6/20/2017; CPC G06Q 40/025; 20 claims; assigned to PayPal, Inc.

ABSTRACT: A method for offering at least one credit product by at least one credit issuer to a consumer at a point-of-sale between a merchant and the consumer. The method includes the steps of: providing a credit issuer data set including a plurality of data fields to a central database; initiating a transaction between the consumer and the merchant at the point-of-sale; offering, to the consumer at the point-of-sale, the at least one credit product; and presenting, to the consumer at the point-of-sale, at least one data field in the credit issuer data set. The at least one data field presented to the consumer is populated with data directed to the credit product, the credit issuer, or any combination thereof. An apparatus and system are also disclosed.

PATENT: Image index routing; US 9,679,262 B2; 6/13/2017; CPC G06Q 10/00; 20 claims; assigned to Bank of America Corporation.

SUMMARY: Systems and methods are provided for routing data to a vendor. A method in accordance with the invention may include using a receiver to receive a first message from a queue manager. The first message may include a first message topic and a pre-routing database location. The pre-routing database location may be a location in a database where batch data is stored. The first message may also include batch data characteristics. The batch data characteristics may define characteristics of the stored batch data. The batch data characteristics may include an identification of a document capture channel that captured the batch data and a line of business associated with the batch data.

PATENT: Routing incomplete mail items; US 9,679,269 B2; 6/13/2017; CPC G06Q 10/083; 21 claims; assigned to Bank of America Corporation.

ABSTRACT: Apparatus, methods, media and code for routing a mail item are provided. A conveyor in mechanical communication with a mail item registration station may include a processor for registering a first part of the mail item. The processor may: determine that: the first part is a payment part; and a second part that corresponds to the first part is exceptional; identify a destination that corresponds to the first part; and route the first part to the destination along with an indication corresponding to the missing second part.

PATENT: Systems and methods for using a block chain to certify the existence, integrity, and/or ownership of a file or communication; US 9,679,276 B1; 6/13/2017; CPC G06Q 20/065; 15 claims; assigned to Stampery, Inc.

SUMMARY: One aspect of the disclosure may relate to a system for using a block chain to certify the existence, integrity, and/or ownership of a file or communication. The system may enable users to certify the existence, integrity and/or ownership of any file or communication using the Bitcoin block chain. The Bitcoin block chain may be a ledger distributed among tens of thousands of computers around the world that may be accessed at any time by any user at no cost, but limits the amount of data that may be embedded into the ledger. The present system may utilize the distributed nature of the Bitcoin block chain to enhance security of existence, integrity, and/or ownership certifications, and may facilitate certification for a virtually unlimited number of files or communications within the data limits of the Bitcoin block chain. The present system may be used to notarize digital transactions to generate audit trails, establish ownership of digital assets, and/or for other uses.

Frip: Sounds pretty simple.

PATENT: Systems and methods for multifactor authentication; US 9,679,293 B1; 6/13/2017; CPC G06Q 20/4014; 24 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: The invention provides a method for performing an authentication (and a system for performing the method), in conjunction with a transaction, utilizing a primary channel and a secondary channel. The method may include an authenticating entity, such as a bank, (1) receiving from a customer primary authentication information via a primary channel; (2) processing the primary authentication information, and retrieving customer information based on the primary authentication information; (3) transmitting secondary authentication information to the customer via a secondary channel, the secondary channel being different than the primary channel; (4) receiving from the customer at least a portion of the secondary authentication information; and (5) performing authentication processing on the secondary authentication information received from the customer.

PATENT: Systems and methods to provide real-time offers via a cooperative database; US 9,679,299 B2; 6/13/2017; CPC G06Q 30/0201; 20 claims; assigned to Visa International Service Association.

ABSTRACT: In one aspect, a computing apparatus is configured to: store transaction data recording transactions processed by a transaction handler; organize third party data according to community, where the third party data includes first data received from a first plurality of entities of a first community and second data received from a second plurality of entities of a second community; and responsive to a request from a merchant in the second community, present an offer of the merchant in the second community to users identified via the transaction data and the first data received from the first plurality of entities of the first community. In one embodiment, the first data provides permission from the merchant in the first community to allow the merchant in the second community to use intelligence information of the first community to identify users for targeting offers from the merchant in the second community.

PATENT: Systems and methods for providing non-fully-transparent markets; US 9,679,333 B2; 6/13/2017; CPC G06Q 30/08; 20 claims; assigned to BGC Partners.

ABSTRACT: Method and systems are provided herewith for providing non-fully-transparent markets that includes or involves the step or steps of receiving a request to reveal a bid or an offer, in which the request is submitted by a user of an electronic trading system; transmitting a price and a size that corresponds to the bid or the offer; waiting a pre-determined period of time; and executing the bid or the offer at a default price and a default size, in the event that the user does not submit a command to trade within the pre-determined period of time.

PATENT: System and method for facilitating trading of multiple tradeable objects in an electronic trading environment; US 9,679,334 B2; 6/13/2017; CPC G06Q 40/04; 11 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: System and method for portfolio synchronization; US 9,679,335 B2; 6/13/2017; CPC G06Q 40/04; 4 claims; assigned to Ditto Holdings, Inc.

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

PATENT: Assessment construction tool; US 9,672,488 B1; 6/6/2017; CPC G06Q 10/0635; 19 claims; assigned to The PNC Financial Services Group, Inc.

ABSTRACT: An assessment construction tool is provided for developing and executing assessments of various operational aspects of a business entity. Both application-level and project-level assessments may be constructed, and the assessments include a mechanism for applying scores associated with answers derived from conducting the assessment to multiple assessment process categories of the business entity.

Frip: Really?! Not in the abstract idea category?

PATENT: Over the air update of payment transaction data stored in secure memory; US 9,672,508 B2; 6/6/2017; CPC G06Q 20/32; 20 claims; assigned to Visa International Service Association.

SUMMARY: Embodiments of the present invention are directed to systems, apparatuses and methods for the processing of payment transactions, and more specifically, to a system and associated apparatus and method for processing a transaction that includes synchronizing transaction data stored in a device having a contactless element with transaction data maintained by an Issuer. The present invention is further directed to systems, apparatuses, and methods for using a contactless element such as an integrated circuit chip embedded in a wireless mobile device to enable payment transactions.

PATENT: Location dependent communications between mobile devices and transaction terminals to order mobile device payment accounts; US 9,672,511 B2; 6/6/2017; CPC G06Q 20/3224; 15 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: A mobile device having: a position determination device configured to determine a location of the mobile device; a transceiver configured to communicate with a transaction terminal via near field communication; a communication device configured to communicate with at least one server over internet; a memory storing a plurality of data items and a set of instructions of a mobile application; and at least one microprocessor coupled with the memory to execution the instructions of the mobile application.

PATENT: Cloud based payment method; US 9,672,513 B2; 6/6/2017; CPC G06Q 20/3278; 9 claims; assigned to Alcatel Lucent.

SUMMARY: It is an objective to present a payment method that eliminates the need for installing and maintaining payment terminal infrastructure, enables fast check-out at a physical retail and enhances user experience by eliminating the need to keep loyalty cards, coupons, etc.

PATENT: Method and system for secure payments over a computer network; US 9,672,515 B2; 6/6/2017; CPC G06Q 20/385; 23 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method of conducting a financial transaction by a purchaser over a communications network is provided where the purchaser does not transmit his or her "real" payment card information over the network but instead secure payment application software is provided which allows for the transmission of a pseudo account number that is cryptographically processed for purposes of responding to an authorization request based on the real account number.

PATENT: Communication protocols for processing an authorization request in a distributed computing system; US 9,672,516 B2; 6/6/2017; CPC G06Q 20/401; 20 claims; assigned to Visa International Service Association.

ABSTRACT: Systems and methods implementing a communication protocol for the authorization of transfer of resources in a computer system having a plurality of computers, including a centralized router connecting to source account controllers and destination account controllers that are connected to readers. A reader communicates a first authorization request having a source identifier to a portal coupled with a data storage storing data linking the source identifier to a linked identifier. The portal communicates with a respective linked account controller to obtain a response identifying an available resource. Based on the response, the reader generates a further authorization request for a requested resource from a source account identified by the source identifier to a destination account associated with the reader.

PATENT: Mobile device software radio for securely passing financial information between a customer and a financial services firm; US 9,672,519 B2; 6/6/2017; CPC G06Q 20/425; 20 claims; assigned to FMR LLC.

ABSTRACT: A computing device having a software radio (e.g., a mobile device where the software radio is substantially defined in software) transmits first information related to a financial transaction over the first radio network to the financial institution, and transmits second information related to the financial transaction over the second radio network to the financial institution. A server of the financial institution receives the first information and the second information to carry out the financial transaction.

PATENT: Systems and methods for tailoring marketing; US 9,672,526 B2; 6/6/2017; CPC G06Q 30/0201; 20 claims; assigned to American Express Travel Related Services Company, Inc.

ABSTRACT: The systems and methods may be used to recommend an item to a consumer. The methods may comprise determining, based on a collaborative filtering algorithm, a consumer relevance value associated with an item, and transmitting, based on the consumer relevance value, information associated with the item to a consumer. A collaborative filtering algorithm may receive as an input a transaction history associated with the consumer, a demographic of the consumer, a consumer profile, a type of transaction account, a transaction account associated with the consumer, a period of time that the consumer has held a transaction account, a size of wallet, and/or a share of wallet. The method may further comprise generating a ranked list of items based upon consumer relevance values, transmitting a ranked list of items to a consumer, and/or re-ranking a ranked list of items based upon a merchant goal.

PATENT: System and method for device valuation; US 9,672,543 B1; 6/6/2017; CPC G06Q 30/0283; 21 claims; assigned to Visa International Service Association.

SUMMARY: Embodiments of the invention are directed to a platform for generating a device valuation for an electronic device based at least in part on a functionality assessment of the electronic device. In this disclosure, a resident software module may be executed from an execution environment of an electronic device in order to assess the electronic device's performance. A base value may be calculated for the electronic device based on model information. The electronic device's performance is compared to the electronic device's technical specifications and expected performance to calculate an appropriate value from the base value.

PATENT: Order entry actions; US 9,672,563 B2; 6/6/2017; CPC G06Q 40/00; 9 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Various embodiments 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. 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: High speed processing of financial information using FPGA devices; US 9,672,565 B2; 6/6/2017; CPC G06Q 40/04; 52 claims; assigned to IP Reservoir, LLC.

ABSTRACT: Methods and systems for processing financial market data using a reconfigurable logic device are disclosed. Various operations such as volume weighted average price (VWAP) operations can be performed on the financial market data using firmware logic deployed on the reconfigurable logic device to accelerate the speed of processing.

PATENT: System and method for processing securities trading instructions and communicating order status via a messaging interface; US 9,672,566 B2; 6/6/2017; CPC G06Q 40/04; 17 claims; assigned to Pivot Solutions, Inc.

ABSTRACT: A system allowing traders, etc. to use instant messaging (IM) (or other non-FIX based) communications to input trading instructions directly into a broker's Order Management System (OMS) for managing/executing trades. Accordingly, trading instructions may be provided electronically directly from a buy-side trader, and directly to a sell-side broker's/brokerage's OMS, without the need for the sell-side broker to manually re-key the order into the sell-side firm's OMS. Further, trading instructions are provided in electronic format directly to the broker's OMS without the need for the buy-side trader to have an expensive FIX based OMS or associated FIX connection, which is also expensive, thereby allowing relatively smaller investment houses/buy-side organizations to enjoy the benefits of electronic delivery of trading instructions directly to brokers' OMS.

PATENT: Machine, methods, and program product for electronic inventory tracking; US 9,665,855 B2; 5/30/2017; CPC G06Q 20/085; 6 claims; assigned to Metabank.

SUMMARY: Related generally to electronic inventory management and more specifically to machines, methods, and program products for facilitating electronic inventory management of products through messaging over existing financial services electronic payment networks.

PATENT: Cardless payment transactions with multiple users; US 9,665,858 B1; 5/30/2017; CPC G06Q 20/102; 36 claims; assigned to Square, Inc.

ABSTRACT: A method of managing a cardless payment transaction between a customer and a merchant includes receiving, from a device of a customer, an indication of consent to join the customer to a cardless payment transaction, where the cardless payment transaction is between one or more other customers and the merchant; receiving from the customer device, location data indicating that the customer device is in proximity with the merchant; joining the customer with the cardless payment transaction between the one or more other customers and the merchant; receiving transaction data between the merchant and each customer; and submitting, for each customer associated with the cardless payment transaction, a transaction between the merchant and the customer to a financial service for authorization.

Frip: Splitting the check just got way outta hand.

PATENT: Method for future payment transactions; US 9,665,859 B2; 5/30/2017; CPC G06Q 20/102; 18 claims; assigned to Apollo Enterprise Solutions, Inc.

SUMMARY: The present invention relates in general to systems and methods for collecting debt and/or managing information relating to debt, and more specifically to systems and methods for processing and setting future payment transactions using a computer network.

PATENT: Conducting commerce between individuals; US 9,665,862 B2; 5/30/2017; CPC G06Q 20/204; 18 claims; assigned to Visa International Service Association.

ABSTRACT: Receiving payment includes the establishment, at a first server, a transaction record including information identifying a payment amount, a first account to be credited by the payment amount, and a second account to be debited by a debit amount. A financial authorization network performs an authorization analysis on at least the second account. The second account is debited if the authorization analysis is successfully completed, and the first account is directly credited by the payment amount to conclude the transaction. Risk analysis may be performed for each individual. Payment is integrated with shipping.

PATENT: Conducting commerce between individuals; US 9,665,863 B2; 5/30/2017; CPC G06Q 20/204; 21 claims; assigned to Visa International Service Association.

ABSTRACT: Identical to preceding patent.

PATENT: One-scan and one-touch payment and buying using haptic control via messaging and calling multimedia system on mobile and wearable device, currency token interface, point of sale device, and electronic payment card; US 9,665,865 B1; 5/30/2017; CPC G06Q 20/3255; 28 claims; assigned to World Award Academy, World Award Foundation, Amobilepay, Inc.

ABSTRACT EXCERPT: Provided are computer implemented methods and systems for messaging, calling, and one-touch and one-scan payments and buying via mobile and wearable devices.

PATENT: Systems and methods for enhanced authorization fraud mitigation; US 9,665,869 B2; 5/30/2017; CPC G06Q 20/40; 19 claims; assigned to American Express Travel Related Services Company, Inc.

SUMMARY: The present disclosure includes systems, methods, and articles of manufacture for authorization requests. The method may comprise receiving purchase information from a web client. The method may further comprise identifying enhanced authorization data associated with the purchase information. The method may comprise creating a pseudo authorization message. The pseudo authorization message may comprise a combination of the purchase information and the enhanced authorization data. The purchase information may be transmitted to a merchant server. The pseudo authorization message may be transmitted to a transaction account issuer. In various embodiments, the pseudo authorization message bypasses the merchant server.

PATENT: Reverse couponing; US 9,665,877 B2; 5/30/2017; CPC G06Q 30/0215; 15 claims; assigned to Bank of America Corporation.

ABSTRACT: Embodiments of the invention are directed to systems, methods and computer program products for reverse couponing. An exemplary apparatus is configured to determine user information and account information associated with a user; adjust offer information associated with an offer based on the user information and the account information, wherein the offer enables the user to receive at least one of a discount or a rebate on a purchase from a merchant; and transmit the adjusted offer to the user.

Frip: Certainly raises issue of abstraction and hence patentability. Maybe Examiners should be required to read Alice decision.

PATENT: Net worth analysis tools; US 9,665,908 B1; 5/30/2017; CPC G06Q 40/02; 16 claims; assigned to The PNC Financial Services Group, Inc.

ABSTRACT: Enhanced processes, methods, tools, strategies, and techniques are provided for more effectively and efficiently processing, managing, analyzing, and communicating wealth related data and other financial information within a computing environment. In various embodiments, the analysis tools provided herein have been designed to correspond visually with a mental model employed by many clients in managing their wealth.

Frip: “Mental model”!? Definitely raises issue of abstraction and hence patentability. As with the preceding, maybe Examiners should be required to read Alice decision.

PATENT: Method and system for linking social media systems and financial management systems to provide social group-based marketing programs; US 9,659,306 B1; 5/23/2017; CPC G06Q 30/0255; 21 claims; assigned to Intuit Inc.

ABSTRACT: Marketing program data associated with a social group-based marketing program offered by a merchant is obtained. Access to social group identification data identifying two or more socially connected consumers and their respective financial data is obtained and analyzed to identify two or more spending and socially connected consumers. Two or more marketing program eligible spending and socially connected consumers who meet defined marketing program eligibility criteria are then identified and registered with the marketing program. Spending data associated with the registered spending and socially connected consumers is then monitored and when the spending data associated with the registered spending and socially connected consumers indicates the marketing program requirements of the social group-based marketing program have been met, the registered spending and socially connected consumers are provided the benefits of the social group-based marketing program.

Frip: Huh?

PATENT: System and method for a mobile wallet; US 9,659,312 B1; 5/23/2017; CPC G06Q 30/0267; 19 claims; assigned to Wells Fargo Bank, N.A.

SUMMARY: Relating to systems and methods for enabling individuals to use their electronic devices to transfer funds and purchase products and services.

PATENT: Providing navigation functionality in a retail location using local positioning technology; US 9,659,316 B1; 5/23/2017; CPC G06Q 30/0281; 14 claims; assigned to Bank of America Corporation.

ABSTRACT: Methods and systems for providing navigation functionality in a retail location using local positioning technology are presented. In some embodiments, a customer assistance computing platform may receive one or more attributes associated with a beacon signal received by a customer computing device and an identifier associated with the customer computing device. Subsequently, the computing platform may determine an identity of a customer using the customer computing device. The computing platform then may determine a location of the customer using the customer computing device based on the one or more attributes associated with the beacon signal. Thereafter, the computing platform may generate one or more navigation instructions to guide the customer to another location. Then, the computing platform may send the one or more navigation instructions to the customer computing device.

Frip: And if you need a wiping after performing a #2, that can be provided also.

PATENT: Bidding to receive data after a consumer is in a zone; US 9,659,325 B2; 5/23/2017; CPC G06Q 30/08; 18 claims; assigned to Visa U.S.A. Inc.

ABSTRACT EXCERPT: An announcement distributor distributes, or auctions an opportunity to distribute, an announcement to an announcement recipient such as a consumer, issuer, merchant, or acquirer within a payment processing system. The announcement when there has been a satisfaction of an announcement condition, such as the consumer being determined to be located within a predetermined spatial zone. The content of the announcement may, in turn, facilitate a subsequent cashless transaction for resources of merchants.

PATENT: System and method for implementing a transaction; US 9,659,328 B2; 5/23/2017; CPC G06Q 40/04; 38 claims; assigned to CFPH LLC.

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

PATENT: Foreign exchange trading system; US 9,659,329 B2; 5/23/2017; CPC G06Q 40/04; 20 claims; assigned to Goldman, Sachs & Co.

SUMMARY: The present invention includes a computerized method and system for providing streamlined and responsive communications for OTC trading over a distributed network, such as the Internet. For example, after pricing data for a group of financial products is received and displayed at a trading terminal display, a user can click on the 6 month (mth) points of a U.S., dollar/Japanese yen swap (a $/jpy swap) on the market screen, whereby a trade ticket is launched for a 6 mth swap in a separate ticket window. Prior to displaying the ticket window a second internet connection is established to a server sending a request for the price stream corresponding to the 6 mth $/jpy swap in question to all selected provider banks. A bank can stream live executable prices back to the ticket window.

PATENT: Insurance claim capitation and predictive payment modeling; US 9,659,331 B1; 5/23/2017; CPC G06Q 40/08; 8 claims; assigned to Allstate Insurance Company.

ABSTRACT: A claim-based capitation model is proposed for handling vehicle repair insurance claims. Rather than determining a detailed estimate of the expected actual cost of repair, the estimate may be determined using a simpler model. For example, the insurance company and a repair facility may agree to following a predictive payment model in which the insurance company pays a fixed predicted capitated amount of money for each repair claim, regardless of the amount of repair work that will be needed. Alternatively, the insurance company may pre-pay a fixed capitated amount for a predicted number of future insurance claims.

PATENT: Online banking digital wallet management; US 9,652,764 B2; 5/16/2017; CPC G06Q 20/363; 17 claims; assigned to Bank of America.

ABSTRACT: Embodiments are directed to digital wallet management. Embodiments initiate presentation of a digital wallet management interface, comprising initiating presentation of at least one digital wallet; and initiating presentation of at least one representation of at least one payment credential and at least one indication of which of the at least one digital wallets are associated with each of the at least one payment credentials.

PATENT: System and method for implementing financial assistance programs; US 9,652,765 B2; 5/16/2017; CPC G06Q 20/38; 18 claims; assigned to Visa U.S.A. Inc.

ABSTRACT: A system and method to provide food stamp benefits to recipients. The state agency responsible for distributing food stamp benefits to eligible recipients employs an issuer to produce consumer access devices for distribution to the recipients. The consumer access device is encoded with information enabling the food stamp recipients to purchase specified items from merchants. By imprinting the consumer access device with indicia identifying a commercial payment processing network and employing the commercial payment processing network to process the transactions, transaction funded by the food stamp program will appear to be credit or debit transactions personally funded by the food stamp recipient.

PATENT: Method and system for maintaining privacy in scoring of consumer spending behavior; US 9,652,767 B2; 5/16/2017; CPC G06Q 20/382; 8 claims; assigned to MasterCard International Incorporated.

SUMMARY: The present disclosure relates to the maintaining of consumer privacy in behavioral scoring, specifically the generating and use of scoring algorithms that can maintain privacy via the use of disguised consumer characteristics.

PATENT: Obfuscating private information using a transaction identifier; US 9,652,768 B2; 5/16/2017; CPC G06Q 20/383; 11 claims; assigned to Bank of America.

ABSTRACT: A network interface receives transaction information. A processor determines private information and public information from the received transaction information. The network interface communicates the private information to an obfuscation engine, and receives obfuscated private information. The processor then merges the obfuscated private information with the public information to create a temporary identifier, and then converts the temporary identifier into a transaction identifier. A printer then prints a portion of the public information and the transaction identifier on a transaction receipt.

Frip: Is “Obfuscating” an appropriate word for a patent title?

PATENT: Mobile wallet using tokenized card systems and methods; US 9,652,770 B1; 5/16/2017; CPC G06Q 20/385; 7 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: One embodiment of the present disclosure relates to a computer-implemented method that includes sending, by a mobile wallet server, an identification number that is part of a substitute card number to be used by a mobile device as a mobile wallet, determining an actual card number based on the substitute card number and sending the actual card number and the identification number for processing a payment.

PATENT: Systems and methods for fraud detection; US 9,652,772 B1; 5/16/2017; CPC G06Q 20/4016; 18 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: The invention provides systems and methods for identifying fraud in an ATM transaction and in other financial processing environments. The system, tangibly embodied in the form of a computer processer, includes a profile database, a filter processing portion, a scoring engine, and an authorization processing portion.

PATENT: Updating merchant location for cardless payment transactions; US 9,652,791 B1; 5/16/2017; CPC G06Q 30/0601; 21 claims; assigned to Square, Inc.

SUMMARY: This specification relates to updating data describing merchants in a listing of merchants that allow cardless payment transactions. A convenient graphical user interface that lists merchants that accept cardless payment transactions can be displayed on a user's user device, e.g., a mobile device. Merchants included in the listing can be ranked based on a geographic distance from the user to the respective merchant. The user can choose to conduct a transaction with a merchant after selecting the merchant using the graphical user interface.

Frip: Big Bro keeping track of your location.

PATENT: Systems and methods for identifying product recommendations based on investment portfolio data; US 9,652,798 B2; 5/16/2017; CPC G06Q 30/0631; 30 claims; assigned to The Toronto-Dominion Bank (CA).

ABSTRACT EXCERPT: The disclosed embodiments include systems and methods for providing recommendations of one or more alternative products to a user based on investment portfolio data.

PATENT: Sell-side icon; US 9,652,800 B1; 5/16/2017; CPC G06Q 30/0633; 18 claims; assigned to Knapp Investment Company Limited (VG).

ABSTRACT: A network-based reverse auction system value discovery system that involves at least four major customers: consumers, and the three sell-side customers bidder/sellers, product manufacturers, and advertisers who are not also product manufacturers. Initially, a shopping list is constructed containing e.g., widely available goods (WAGs). The shopping list is the base of the value discovery network and adds significant value for each of the four key customers. A sell-side icon may be used to add items to the shopping list.

PATENT: Virtualizing for user-defined algorithm electronic trading; US 9,652,803 B2; 5/16/2017; CPC G06Q 40/04; 15 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Certain embodiments reduce the risks of traditionally programmed algorithms such as syntax errors, unclear logic, and the need for a non-trader programmer to develop the algorithm as specified by a trader by reducing or eliminating the writing of programming code by a user. Certain embodiments provide a design canvas area and blocks for designing an algorithm. Certain embodiments provide for grouping blocks placed in the design canvas area. Certain embodiments provide for virtualized group blocks enabling dynamic instantiation of portions of an algorithm to handle particular discrete events. Certain embodiments provide for operation of some or all portions of an algorithm when a connection between a client device and an algorithm server is broken.

PATENT: Deterministic and efficient message packet management; US 9,652,804 B2; 5/16/2017; CPC G06Q 40/04; 18 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 receiving each of the plurality of electronic message packets from the network, determining an order in which each electronic message packet was received relative to the reception of others of the plurality of electronic message packets, and providing the order to the application.

PATENT: Providing e-receipts to customers; US 9,652,808 B2; 5/16/2017; CPC G06Q 40/12; 20 claims; assigned to Bank of America.

ABSTRACT: Embodiments of the invention relate to systems, methods, and computer program products for providing e-receipts to customers. Embodiments receive authorization from a customer for the customer to be enrolled in a point of transaction e-receipt communication program; receive transaction data corresponding to at least one transaction performed by the customer at a point of transaction of a merchant; and initiate communication, to the customer, of an e-receipt based at least in part on the received transaction data. Some embodiments receive authorization from a plurality of enrolling merchants for enrollment in the point of transaction e-receipt communication program; and build a cooperating merchant list comprising information corresponding to a plurality of cooperating merchants cooperating with a financial institution implementing the point of transaction e-receipt communication program.

PATENT: Global inventory warehouse; US 9,646,284 B1; 5/9/2017; CPC G06Q 10/087; 20 claims; assigned to Goldman, Sachs & Co.

ABSTRACT EXCERPT: Building and maintaining an accurate and up-to-date global inventory of hardware, software, and telecommunications assets deployed throughout an organization is described.

PATENT: Electronic receipt manager apparatuses, methods and systems; US 9,646,291 B2; 5/9/2017; CPC G06Q 20/0453; 15 claims; assigned to Visa International Service Association.

ABSTRACT: The Electronic Receipt Manager Apparatuses, Methods and systems ("ERM") transforms transaction initiation requests and receipt requests via ERM components into receipt formatting, organization, storage and linkage with transactions. The ERM may be configured to receive a receipt through an interface of a portable device and determine a set of fields for formatting data from the receipt. The ERM may format the data from the receipt to include the set of fields and store the formatted data in a memory element of the portable device.

Frip: Keep your paws off my ERM, you creep!

PATENT: Method and system of providing financial transaction card related mobile apps; US 9,646,297 B2; 5/9/2017; CPC G06Q 20/3221; 32 claims; assigned to MasterCard International Incorporated.

SUMMARY: The present disclosure provides a system and method for providing financial transaction card related mobile applications that are stored on a cloud-based computing device to a user's device. In some embodiments, as the user can access the mobile applications on the cloud-based computing device, downloading the complete applications to a user's device is not always required, but rather, a user interface (UI) and communication protocol module can be downloaded so that significant processing can take place on potentially more powerful and/or potentially more secure computing devices in the cloud.

PATENT: System and method for secure card with on-board verification; US 9,646,301 B2; 5/9/2017; CPC G06Q 20/341; 15 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: Systems and methods for secure cards with on-board verification are disclosed. In one embodiment, a transaction device associated with at least one transaction account may have a substrate comprising a display that displays an account identifier for the transaction account; a sensor that receives authentication information from a user; a processor that processes the authentication information to verify the authenticity of the user; and a communicator that communicates at least the account information, the communicator including at least one of a magnetic stripe, an electrical interface, and a wireless RF interface.

PATENT: Secure remote payment transaction processing using a secure element; US 9,646,303 B2; 5/9/2017; CPC G06Q 20/3829; 16 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Embodiments of the present invention are directed to methods, apparatuses, computer readable media and systems for securely processing remote transactions. One embodiment of the invention is directed to a method of processing a remote transaction initiated by a mobile device. The method comprises receiving, by a mobile payment application on a secure memory of the mobile device, transaction data from a transaction processor application on the mobile device.

PATENT: System for providing cardless payment; US 9,646,304 B2; 5/9/2017; CPC G06Q 20/385; 7 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: The method and system of the invention provide a variety of techniques for using a selected alias and a selected personal identification entry (PIE) in conjunction with use of a transaction card, such as a credit card, debit card or stored value card, for example. A suitable number or other identification parameter is selected by the account-holder as an alias. The account-holder is then required to choose a PIE for security purposes. The alias is linked to the account-holder's credit card number via a database. When the account-holder enters into a transaction with a merchant, the physical card need not be present. The account-holder simply provides his or her alias and then the PIE. This can be done at any point of sale such as a store, catalog telephone order, or over the Internet. The alias and PIE are entered and authorization is returned from the credit card company.

PATENT: Remote control for online banking; US 9,646,342 B2; 5/9/2017; CPC G06Q 40/02; 15 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Disclosed is a system and associated method of using a customer's mobile device as an online banking remote control for another customer device. The system typically includes a processor, a memory, and an online banking module stored in the memory. The module is typically configured for (i) associating the mobile device with the customer's online banking account and (ii) binding the mobile device to another computing device. In addition, the module is typically configured for subsequently receiving a remote access command associated with the customer's online banking account and associated with the computing device from the mobile device.

PATENT: System and method for chart based order entry; US 9,646,344 B2; 5/9/2017; CPC G06Q 40/04; 25 claims; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: Systems and methods for chart-based order entry are described. According to one example method a chart is used to display historical market data corresponding to a tradeable object. An order entry interface is displayed in relation to the chart. The order entry interface includes a plurality of price objects for selecting price levels to be used for trade orders to buy or sell the tradeable object.

PATENT: Method and system for hosted order page/silent order post plus fraud detection; US 9,639,828 B2; 5/2/2017; CPC G06Q 20/027; 15 claims; assigned to Visa International Service Association.

ABSTRACT: Generally, embodiments of the invention are directed to methods, computer readable media, servers and systems for enabling merchants to use hosted order pages (HOPs) and/or silent order posts (SOPs) and thereby avoid handling payment information and the costs associated [with] Payment Card Industry (PCI) compliance, while at the same time utilize third-party fraud detection screens and thereby avoid costs associated with fraudulent transactions.

PATENT: Method to enable consumers to make purchases at e-commerce websites using their mobile number; US 9,639,835 B2; 5/2/2017; CPC G06Q 20/3226; 19 claims; assigned to MasterCard International Incorporated.

SUMMARY: Embodiments of the invention provide a method and system for Mobile consumers to pay at a traditional e-Commerce website with the Mobile consumer's mobile telephone number as a payment credential, where the mobile telephone number is linked to a payment account number (PAN) instead of using credit cards, debit cards, stored values cards, and other means of payment relying on payment account numbers (PANs).

PATENT: Online banking digital wallet management; US 9,639,836 B2; 5/2/2017; CPC G06Q 20/363; 14 claims; assigned to Bank of America Corporation.

ABSTRACT: Embodiments are directed to digital wallet management. Embodiments initiate presentation of a digital wallet management interface, comprising initiating presentation of at least one digital wallet; and initiating presentation of at least one representation of at least one payment credential and at least one indication of which of the at least one digital wallets are associated with each of the at least one payment credentials.

PATENT: Activity review for a financial and social management system; US 9,639,892 B2; 5/2/2017; CPC G06Q 40/00; 6 claims; assigned to Bank of America Corporation.

ABSTRACT: Embodiments of the invention comprise systems, computer program products, and methods for a financial and social management system that provides improved tracking and management related to how, where, when, and with whom a user enters into activities. The financial and social management system captures activity information and images from various sources of information, including but not limited to social networking accounts, e-receipts, location determination devices, and the like, and associates the activity information and images with the activities. The financial and social management system aggregates the activity information for a number of activities based on the location, user, entity, category, cost, time period, or the like and displays the aggregated activity information in an activity review interface. The financial and social management system may supplement the aggregated activity information with educational data.

Frip: BofA goes Big Bro big time.

PATENT: Activity review for a financial and social management system; US 9,639,893 B2; 5/2/2017; CPC G06Q 40/00; 12 claims; assigned to Bank of America Corporation.

ABSTRACT: No fair, same abstract as preceding claim.

PATENT: Systems and methods for gift card linking; US 9,639,894 B1; 5/2/2017; CPC G06Q 40/02; 8 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Systems and methods for gift card linking are disclosed. According to one embodiment, a method for processing a payment using a linked stored value instrument may include (1) receiving, from a merchant, a payment request for a transaction, the payment request comprising an identification of a transaction amount and a transaction account; (2) at least one computer processor retrieving a stored value instrument for the merchant that is associated with the transaction account; and (3) the at least one computer processor causing the stored value instrument to be debited for a first portion of the transaction amount.

PATENT: Dynamic market data filtering; US 9,639,895 B2; 5/2/2017; CPC G06Q 40/04; 6 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT: Networks, systems and methods for dynamically filtering market data are disclosed. Streams of market data may be buffered or stored in a queue when inbound rates exceed distribution or publication limitations. Inclusive messages in the queue may be removed, replaced or aggregated, reducing the number of messages to be published when distribution limitations are no longer exceeded.

Frip: Doesn’t this flunk the Alice test? Isn’t filtering market data an abstract idea requiring only generic computer involvement?

PATENT: System and method for dynamically managing message flow; US 9,639,896 B2; 5/2/2017; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: System and method for dynamically managing message flow. According to the example embodiments, an intermediary network device or a client device dynamically manages the flow of messages received from an electronic exchange by analyzing the client device's capabilities, such as CPU utilization. Based on a percentage of total CPU utilization, the level of throttling is dynamically adjusted, such that if the percentage of CPU utilization, or load, increases, then throttling is increased from a lower level to a higher level. Similarly, if the percentage of CPU utilization decreases significantly enough, then throttling is decreased to a lower level.

PATENT: Predicting economic conditions; US 9,639,897 B2; 5/2/2017; CPC G06Q 40/06; 24 claims; assigned to Bank of America Corporation.

ABSTRACT: Computer-implemented methods for identifying or assessing any type of risk and/or opportunity that may arise can include either, alone or in combination, band pass filtering, principal component analysis, random matrix theory analysis, synchronization analysis, and early-warning detection. Each technique can also be viewed as a process that takes a set of inputs and converts it to a set of outputs. These outputs can be used as inputs for a subsequent process or the outputs may be directly actionable for formulating certain economic predictions to make certain decisions.

Frip: Put some data in, get some data out, receive a patent.

PATENT: Determining a quality score for internal quality analysis; US 9,633,324 B2; 4/25/2017; CPC G06Q 10/06395; 2 claims; assigned to Bank of America Corporation.

ABSTRACT: An apparatus for assessing and controlling the quality of a project in a production environment is provided. The apparatus is configured to: receive a first score, wherein the first score comprises a first numerical value associated with a first level of quality, wherein the first level of quality is associated with a first deliverable; receive a second score, wherein the second score comprises a second numerical value associated with a second level of quality, wherein the second level of quality is associated with the first deliverable; and process the first score and the second score to generate a third score.

PATENT: Gift card association with account; US 9,633,342 B2; 4/25/2017; CPC G06Q 20/105; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: Embodiments of the invention are directed to systems, methods and computer program products for associating gift cards with accounts. An exemplary apparatus is configured to: receive information associated with a gift card; associate the gift card with the account; receive information associated with a transaction; determine the transaction qualifies for the gift card; and apply funds associated with the gift card to the transaction.

PATENT: Stacking purge-bin; US 9,633,343 B2; 4/25/2017; CPC G06Q 20/1085; 20 claims; assigned to Bank of America Corporation.

SUMMARY: Apparatus and methods for a stacking purge-bin ("SPB") are provided. Apparatus and methods may be applied to cash dispensing equipment including ATMs, currency recyclers and self-checkout machines located at retail merchants. Apparatus and methods may be applicable to dispensing of non-cash items--i.e., airport kiosks, self-serve movie theater kiosks--and any suitable self-service kiosk that dispenses or retracts a tangible item. The tangible item may include currency, lottery tickets, transportation tickets, boarding passes or any tangible item dispensed by a SSK.

PATENT: Device, system, and method of electronic payment; US 9,633,344 B2; 4/25/2017; CPC G06Q 20/20; 13 claims; assigned to Quick Check Ltd (IL).

SUMMARY: The present invention may provide, for example, devices, systems, and method of electronic payment. According to the present invention, a patron in a restaurant may be able to utilize his smartphone (or other portable wireless electronic device, or portable device able to connect to the Internet or to a cellular network) in order to autonomously close his open tab at a restaurant (or other business establishment being visited by the patron), and to electronically pay the amount due to the restaurant as well as a discretionary gratuity.

PATENT: Mobile payment systems and method; US 9,633,348 B2; 4/25/2017; CPC G06Q 20/32; 34 claims; assigned to GoFigure Payments, LLC.

SUMMARY: The present invention provides decoupled payment systems, methods and devices that enable an accountholder of a first account associated with the mobile device, its operating system, or a wireless service associated with the mobile device (i.e., the mobile payment account) to associate a second, preferred bank deposit account (known as a Demand Deposit Account or DDA) of the accountholder with the first mobile payment account.

PATENT: Encryption switch processing; US 9,633,351 B2; 4/25/2017; CPC G06Q 20/383; 16 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Techniques for eliminating the need for merchants and acquirers to conduct Payment Card Industry ("PCI") security audit procedures are provided. Merchants and acquirers can eliminate the operating expenses associated with conducting audits to ensure compliance with PCI Data Security Standards ("DSS"), while at the same time ensuring that cardholders' data remains secure, thus protecting the cardholders from fraudulent transactions. System security is further enhanced through the use of per transaction audits, with the scope of the audit being directly between the Point of Sale (POS) terminal and the payment processing network.

PATENT: Authorization of cardless payment transactions; US 9,633,352 B2; 4/25/2017; CPC G06Q 20/4012; 24 claims; assigned to Square, Inc.

ABSTRACT: A method of processing a transaction between a customer and a merchant includes receiving from a mobile device of the customer or from another device of the customer an indication of consent to perform a cardless payment transaction with the merchant, receiving from the mobile device an indication that the customer is within a predetermined distance of the merchant, after receiving both the indication of consent and the indication that the customer is within the predetermined distance, sending to a computer system of the merchant an indication of the presence of the customer and personal identifying information for the customer, receiving data indicating a transaction between the customer and the merchant, and submitting the transaction to a financial service for authorization.

PATENT: Knowledge based verification of the identity of a user; US 9,633,355 B2; 4/25/2017; CPC G06Q 30/0185; 21 claims; assigned to Bank of America Corporation.

ABSTRACT: According to certain embodiments of the disclosure, a system receives a request from a user device to conduct an activity with an enterprise and determines an authentication level associated with the activity. The system receives information associated with the user from a plurality of disparate channels and calculates a risk score associated with the user based on the received information associated with the user. The system generates a token based on the authentication level and risk score and communicates the token to the user device.

PATENT: Controlling implied markets during a stop loss trigger; US 9,633,394 B2; 4/25/2017; CPC G06Q 40/04; 6 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: A system mitigates the effects of a market spike caused by the triggering and the election of a conditional order in an automated matching system. Conditional orders submitted to a trading engine are evaluated to compare a price of an order to a predetermined price range. Matching of the orders may be delayed when the price of the orders lies outside of the predetermined price range.

PATENT: Method of administering an investment fund; US 9,633,395 B2; 4/25/2017; CPC G06Q 40/06; 13 claims; assigned to The Vanguard Group, Inc.

ABSTRACT: A method of administering an investment fund using a computer. The method includes the steps of creating shares for sale, providing a managed distribution schedule identifying a number of payments to be provided during each of consecutive periods, providing an investment strategy for investing in assets to provide funds sufficient to meet the managed distribution schedule, issuing a share to an investor in exchange for funds received from the investor, investing the received funds according to the investment strategy, calculating the value of each of the payments to be provided according to the managed distribution schedule in a period to the investor, and providing each of the payments to the investor during the period. Multiple embodiments relate to methods for calculation and sourcing of each payment.

Frip: And so, how many Vanguard employees get their walking papers?

PATENT: Systems and methods for alignment of check during mobile deposit; US 9,626,662 B1; 4/18/2017; CPC G06Q 20/042; 7 claims; assigned to USAA.

SUMMARY: An alignment guide may be provided in the field of view of a camera associated with a mobile device used to capture an image of a check. When the image of the check is within the alignment guide in the field of view, an image may be taken by the camera and provided from the mobile device to a financial institution. The check may be deposited in a user's bank account based on the image. Any technique for sending the image to the financial institution may be used.

PATENT: System and method for collecting and distributing digital receipts; US 9,626,663 B2; 4/18/2017; CPC G06Q 20/10; 4 claims; assigned to Integrated Bank Technology, Inc.

SUMMARY: According to certain embodiments of the present invention, a method for coordinating the provision of a digital receipt associated with a financial transaction is provided. According to the method, a digital receipt and an identifier corresponding to the digital receipt (e.g., a globally unique identifier) are communicated from an acquirer and received at a digital receipt server. The digital receipt and the corresponding identifier may be communicated through a second network, such as the Internet. The digital receipt and the identifier corresponding to the digital receipt are then stored in the digital receipt server.

PATENT: System and method for transferring funds; US 9,626,664 B2; 4/18/2017; CPC G06Q 20/10; 18 claims; assigned to clearXchange, LLC.

SUMMARY: According to an example embodiment, a computer-implemented payment processing method comprises receiving a fund transfer request identifying a recipient by a public identifier, determining a private identifier for the receiver based on the public identifier, and transmitting a transfer message via a computer network to cause funds to be transferred from a sender to the recipient. The fund transfer request is received via a computer network. The message is generated using the private identifier.

PATENT: Dual validator self-service kiosk; US 9,626,666 B2; 4/18/2017; CPC G06Q 20/1085; 19 claims; assigned to Bank of America Corporation.

SUMMARY: Aspects of the invention relate to reducing costs associated with automated teller machine ("ATM") mis-dispense claims. Apparatus and methods are provided for a dual validator self-service kiosk ("SSK"). The SSK may include first and second validators.

PATENT: Card reader emulation for cardless transactions; US 9,626,669 B2; 4/18/2017; CPC G06Q 20/204; 5 claims; assigned to Square, Inc.

ABSTRACT: Disclosed are method and apparatus that enable a cardless payment transaction to be executed from a merchant point-of-sale (POS) system. A user is enabled to check in at a merchant by using a mobile device of the user and then to pay by simply appearing at the merchant and mentioning his name. By emulating card read events and intercepting receipt printer outputs, the technique cleanly integrates into a conventional merchant POS system, without the need for customized software or hardware to accommodate individual POS vendor-proprietary application programming interfaces (APIs).

PATENT: Method and apparatus for money transfer; US 9,626,670 B2; 4/18/2017; CPC G06Q 20/204; 20 claims; assigned to Moneygram International, Inc.

ABSTRACT: A staged payment transaction method comprises receiving transaction information, identifying a staging record at a computer system or data processor, and providing a retrieval key or token to a user device. The staging record comprises the transaction information and the retrieval key or token identifies the staging record for finalizing the transaction.

PATENT: Financial transaction based on device-to-device communications; US 9,626,673 B2; 4/18/2017; CPC G06Q 20/352; 22 claims; assigned to Shenzhen Huiding Technology Co., Ltd. (CN).

SUMMARY: The systems, devices and techniques disclosed provide a credit card type device which is integrated with active electronics (and optionally having a battery) to perform credit card type financial transactions. In one aspect, the credit card type device includes both owner authentication functions and a device to device communication mechanism such as a capacitive-coupling communication port or a radio frequency (RF) near-field communication (NFC) port.

PATENT: Updating a widget that was deployed to a secure wallet container on a mobile device; US 9,626,675 B2; 4/18/2017; CPC G06Q 20/382; 6 claims; assigned to MasterCard Mobile Transaction Solutions, Inc.

ABSTRACT: Updating a widget comprises receiving a query from a mobile device for the existence of an updated widget; transmitting information indicative of the availability of the updated widget to the mobile device; receiving a request for the updated widget from the mobile device; and transmitting the updated widget to the mobile device.

Frip: Ok, I give up. What’s a widget?

PATENT: Systems and methods to enhance security in transactions; US 9,626,678 B2; 4/18/2017; CPC G06Q 20/40145; 8 claims; assigned to Visa International Service Association.

ABSTRACT: A system includes a digital camera coupled with or integrated within a transaction terminal to capture an image during authorization of a transaction initiated at the transaction terminal. The system further includes a portal configured to receive the image and transmit the image to a communication reference associated with the account information of an account in which the transaction is made, based on a security preference associated with the account information. The image may be optionally analyzed to detect fraudulent use of the account.

PATENT: Automated fraud detection for point-of-sale devices; US 9,626,679 B2; 4/18/2017; CPC G06Q 20/4016; 20 claims; assigned to Square, Inc.

SUMMARY: Some implementations described herein include techniques and arrangements for detecting fraudulent transactions made by a point-of-sale device (POS). In some instances, a POS device may operate by batching multiple authorization requests at a single time or in close temporal proximity to one another. In response to receiving a request to authorize a batch of payment instruments, a payment service may begin by selecting a subset of the batch to attempt to authorize, rather than simply proceeding to attempt to authorize the entire batch. For instance, in an example where the POS device provides a request to authorize three hundred transactions, a payment service may select fifty transactions to attempt to authorize.

PATENT: Systems and methods of an interface for use in electronic trading; US 9,626,722 B2; 4/18/2017; CPC G06Q 40/04; 12 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: Digital image check services; US 9,626,724 B2; 4/18/2017; CPC G06Q 40/128; 6 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Apparatus and methods are provided for viewing a check image and selecting a check service to be applied to a check. Check services may include a pay/return decision. The check images may be presented in a carousel view without pop-up windows. The user may import pre-selected check services such as stop payments. Check images may be marked with a status indicator. The status indicator may correspond to a check service applied to the check or a reconciliation error associated with the check.

PATENT: Systems and methods for scanning infrastructure for inventory data; US 9,619,778 B2; 4/11/2017; CPC G06Q 10/087; 20 claims; assigned to MasterCard International Incorporated.

SUMMARY: Relating generally to management of computer devices and, more particularly, to network-based systems and methods for scanning computer devices to collect inventory data including hardware and software objects associated with the computer devices.

PATENT: Virtual check; US 9,619,789 B1; 4/11/2017; CPC G06Q 20/04; 20 claims; assigned to USAA.

ABSTRACT: Methods and systems for virtual checking are described. In some embodiments, information for a virtual check created in a mobile device associated with a payor can be received from the mobile device. The information may include an amount of the virtual check. A computer system may determine whether there are sufficient funds to cover the amount of the virtual check and may place the funds in the amount of the virtual check in reserve when the funds are sufficient to cover the amount of the virtual check.

Frip: Frip’s virtually wealthy.

PATENT: Associating an account with a card based on a photo; US 9,619,792 B1; 4/11/2017; CPC G06Q 20/227; 3 claims; assigned to Square, Inc.

ABSTRACT: A method and apparatus for associating an account with a proxy card based on a photo are disclosed. The proxy card can be associated with account data from multiple other cards, such as account data from a driver's license and from various payment cards, such as a credit card, a debit card, and a pre-paid gift card. In some embodiments, a card-holder can associate an additional card with the proxy card by taking a photo of the face of the additional card using a mobile device. The mobile device analyzes the photo to obtain text representing account information that appears in the photo of the additional card. The mobile device associates the additional card with the proxy card by causing updating of stored association information, that represents an association between the card and the account data of the multiple cards, with the account information.

PATENT: Systems and methods for providing compensation, rebate, cashback, and reward for using mobile and wearable payment services, digital currency, NFC touch payments, mobile digital card barcode payments, and multimedia haptic capture buying; US 9,619,794 B2; 4/11/2017; CPC G06Q 20/3274; 19 claims.

ABSTRACT EXCERPT: Provided are methods and systems for providing compensation for using a mobile payment service. The method may commence with receiving payment information associated with a user. The method may include generating a unique code encoding the payment information and providing the generated unique code to the user. The method may continue with receiving a deposit amount associated with a purchase related to the user.

PATENT: Payment methods with a payment service and tabs selected by a first party and opened by a second party at an [sic] geographic location of the first party's mobile device; US 9,619,797 B2; 4/11/2017; CPC G06Q 20/347; 24 claims; assigned to Square, Inc.

SUMMARY: The invention relates generally to payments of a first party to a second party, and more particularly to payments by a first party to a second party using a payment service by the first party opening a tab that is selected by the second party at any geographic location of the first party’s mobile device.

PATENT: System and method for providing emergency prepaid card; US 9,619,798 B2; 4/11/2017; CPC G06Q 20/349; 23 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: Systems and methods are provided for providing and funding an emergency prepaid card. According to one aspect, a request for emergency funds is received by a payment network from a customer and a first session between the payment network and a financial institution is established. A debit order for a first account is submitted, a transaction to fund a second account is authorized, an issue code is generated, and the issue code is provided to the customer.

PATENT: Systems and methods for processing transactions; US 9,619,800 B1; 4/11/2017; CPC G06Q 20/40; 18 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: A system and method that keeps check of financial transactions by maintaining distinct records for a plurality of devices associated with a financial account, in conjunction with performing authentication further to inputting transaction data from a point of sale, the system comprising a communication portion that inputs transaction data received from the point of sale; a device identification portion that identifies a particular device; and an authentication portion that performs authentication processing based on a comparison process that utilizes the transaction data.

PATENT: Interception of touch pad events for handling in a secure environment; US 9,619,802 B1; 4/11/2017; CPC G06Q 20/4012; 22 claims; assigned to Square, Inc.

ABSTRACT EXCERPT: Disclosed is a technique for identifying touch events performed on a mobile device within a secure environment. The technique can involve diverting coordinates for certain touch events to a secure environment in a payment application, for example, by modifying an import address table (e.g., implementing a "hook") that is accessed by an event loop of the mobile device. Generally, only those touch events that are performed within the bounds of a user interface area are diverted to the secure environment, and all touch events outside that area continue to be identified using the operating system libraries of the mobile device.

PATENT: Peer-to-peer transfer of funds for a specified use; US 9,619,806 B2; 4/11/2017; CPC G06Q 30/00; 8 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention are directed to systems, methods and computer program products for providing a system for a peer-to-peer transfer of funds for a specified purpose. An exemplary apparatus is configured to: receive information from a user relating to a peer-to-peer transfer of funds, wherein the information comprises a recipient and a specified use; identify at least one recipient account for the recipient; receive information associated with a transaction; determine the transaction qualifies for the specified use; and apply funds associated with the peer-to-peer transfer to the transaction.

PATENT: Systems and methods for displaying current consumer card status on a wireless device; US 9,619,838 B1; 4/11/2017; CPC G06Q 40/00; 18 claims; assigned to USAA.

ABSTRACT: A system for object tracking may comprise a system for displaying consumer account information on a wireless device comprising at least one subsystem that receives transaction information regarding a purchase of the consumer, at least one subsystem that sends selected transaction information regarding the transaction to a wireless device, and at least one subsystem that displays on the wireless device account information based on the sent selected transaction information.

PATENT: Systems and methods for viewing and trading futures; US 9,619,839 B2; 4/11/2017; CPC G06Q 40/04; 47 claims; assigned to ITG Software Solutions, Inc.

ABSTRACT: A method and system for viewing and trading futures and other tradeable objects. The invention includes improved user interfaces for use with trading systems that allows users to more efficiently execute and manage trades. A dynamic price ladder allows a trader to see price gaps while remaining in a dynamic mode. The "sticky cells" feature prevents user errors which can occur when the display updates causing the cell under the mouse pointer to move up or down. Particular portions of the display can be color coded to provide a user with a easy way to determine market trends. A static working order screen allows a trader to visually see working orders from closest to furthest away from the market and can also allow for orders to be cancelled.

PATENT: Providing e-receipts to customers; US 9,619,842 B2; 4/11/2017; CPC G06Q 40/12; 11 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention relate to systems, methods, and computer program products for providing e-receipts to customers. Embodiments receive authorization from a customer for the customer to be enrolled in a point of transaction e-receipt communication program; receive transaction data corresponding to at least one transaction performed by the customer at a point of transaction of a merchant; and initiate communication, to the customer, of an e-receipt based at least in part on the received transaction data.

PATENT: Providing e-receipts to customers; US 9,619,843 B2; 4/11/2017; CPC G06Q 40/12; 10 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention relate to systems, methods, and computer program products for providing e-receipts to customers. Embodiments receive authorization from a customer for the customer to be enrolled in a point of transaction e-receipt communication program; receive transaction data corresponding to at least one transaction performed by the customer at a point of transaction of a merchant; and initiate communication, to the customer, of an e-receipt based at least in part on the received transaction data.

Frip: Almost same-same as preceding (spot the difference).

PATENT: Message dispatcher for payment system; US 9,613,350 B1; 4/4/2017; CPC G06Q 20/341; 17 claims; assigned to Square, Inc.

ABSTRACT: A payment reader includes a contactless interface for communicating with a contactless device. The payment reader has a processor that executes instructions stored in memory, and the instructions include instructions for a plurality of firmware modules including a message dispatcher module and a plurality of functional modules. The functional modules generate messages and the message dispatcher module stores the messages in a queued data structure such as a stack or a queue. The messages are provided to the functional modules from the queued data structure. Some of the messages are timed messages that are returned to the queued data structure.

PATENT: Card-less payments and financial transactions; US 9,613,352 B1; 4/4/2017; CPC G06Q 20/352; 9 claims.

SUMMARY: Needs, methods, computer program products, and systems for making payments and financial transactions without a physical card (and without a password) are provided. In one embodiment, payment information for a payer is stored in a payment user profile on a payer device or a hosting payment processor server. The payment user profile is functionally handicapped with a human gesture and/or by removing at least a portion of digital data (either a conceptual `key`, or a cryptographic key) associated with the payment user profile and discarding the key after being sent to another device, rendering the payment user profile substantially useless.

PATENT: Device, system and method for reducing an interaction time for a contactless transaction. US 9,613,354 B2; 4/4/2017; CPC G06Q 20/3825; 20 claims; assigned to Visa International Service Association.

SUMMARY: In one general respect, this application discloses a reader. According to various embodiments, the reader comprises a contactless interface and a transaction module. The transaction module is coupled to the contactless interface, and is structured and arranged to process a contactless transaction with less than one-half second of interaction time between a card and the reader.

PATENT: Multi-layer transaction tracking and encryption; US 9,613,355 B2; 4/4/2017; CPC G06Q 20/385; 12 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments for tracking multi-layer secured transactions include systems for providing a dedicated secure transaction channel to a user and sending pre-authorization code to the user via the transaction channel. The systems allow the user to encrypt transaction data and receive the encrypted transaction data from the user via the transaction channel.

PATENT: Methods, systems, and computer readable media for secure near field communication of a non-secure memory element payload; US 9,613,365 B2; 4/4/2017; CPC G06Q 30/0238; 23 claims; assigned to MasterCard International Incorporated.

SUMMARY: The subject matter relates to utilizing a non-secure memory element to conduct secure near field communication (NFC) transactions. More specifically, the subject matter relates to methods, systems, and computer readable media for secure NFC of a non-secure memory element payload.

PATENT: Apparatus and method for recipient distribution and tracking; US 9,613,376 B2; 4/4/2017; CPC G06Q 40/00; 18 claims; assigned to Bank of America Corporation.

ABSTRACT: An apparatus and method of maintaining beneficiary information are disclosed. The apparatus can be configured to perform the method, which may include obtaining information for one or more recipients of one or more conveyances of property, obtaining one or more digital IDs from the one or more recipients, maintaining the one or more digital IDs from the one or more recipients by periodically sending notifications to the one or more recipients, and distributing assets with the one or more digital IDs to the one or more recipients.

PATENT: Account provisioning authentication; US 9,613,377 B2; 4/4/2017; CPC G06Q 40/02; 16 claims; assigned to Visa International Service Association.

ABSTRACT: Embodiments of the present invention are directed to methods, systems, and apparatuses for providing a secure authentication scheme for authenticating users and accounts on behalf of a service provider server computer offering services to a user. Upon determining, by the secure authentication scheme, that the user and/or account identifier associated with the user is authenticate, the service provider server computer may be provided with assurance that the user is authenticate and thereafter provide a service requested by the user.

PATENT: Distributed ranking and matching of messages; US 9,613,378 B2; 4/4/2017; CPC G06Q 40/04; 16 claims; assigned to Nasdaq Technology AB.

ABSTRACT: Apparatus and methods for managing messages in a computer system are described. A plurality of order/quote messages is received via an input mechanism, and the order/quote messages are ranked based on the at least one ranking value parameter at a first ranking unit. At least one top ranked order/quote message is sent from the first ranking unit to a matching unit, and the top ranked order/quote messages are matched at the matching unit.

PATENT: Trader portal system and method; US 9,613,379 B2; 4/4/2017; CPC G06Q 40/04; 16 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: Embodiments of the invention are directed to a computer-implemented trader portal system and method for use within a trading organization supporting multiple traders. The trader portal system integrates available trader related resources from multiple sources for trader viewing and utilization. The trader portal system may include administrative controls for allowing administrative configuration of the trader related resources visible to the multiple traders within the trading organization.

PATENT: Payroll system with flexible disbursement options; US 9,613,381 B2; 4/4/2017; CPC G06Q 40/125; 1 claim; assigned to MasterCard International Incorporated.

ABSTRACT: A method includes storing payroll information for an employee of an employer. The payroll information may include the employee's name, address, electronic contact information, etc. A payroll service computer may receive an indication from an employer that the computer is to make a payroll disbursement to the employee. The computer may present disbursement options to the employee. The employee may select one of the disbursement options. The computer may initiate the payroll disbursement in accordance with the option selected by the employee.

PATENT: System for analyzing device performance data; US 9,613,385 B2; 4/4/2017; CPC G06Q 50/26; 9 claims; assigned to Bank of America Corporation.

SUMMARY: Providing a system for analyzing performance data with a mail process device.

Frip: Duh, that’s all for today, Folks.

PATENT: Method and system for controlling certificate based open payment transactions; US 9,607,292 B1; 3/31/2017; CPC G06Q 20/102; 19 claims; assigned to Citicorp Credit Services, Inc.

SUMMARY: Generally, the preferred embodiments of the present invention comprise methods and systems for controlling certificate-based open payment transactions involving a merchant and a customer utilizing various types of networks and terminals. In the preferred embodiments, prior to accessing a merchant POS terminal or, for example, a merchant website, a customer obtains a certificate from a service provider (SP), such as a bank, certifying his identification (ID) and his relevant financial information, in a form that is understandable by the SP. The SP is capable of performing multiple functions.

PATENT: Method and system for account management and electronic wallet access on a mobile device; US 9,607,293 B2; 3/31/2017; CPC G06Q 20/105; 14 claims; assigned to Barclays Bank PLC.

ABSTRACT: A method and system are described that facilitate efficient and secured management of a mobile payment account by an electronic wallet on a user portable electronic device, the electronic wallet for conducting payment transactions with a merchant point of sale terminal over a contactless communications link. In an aspect, the electronic wallet provides for the real-time addition of one or more users authorized to use the mobile payment account associated with the electronic wallet from their own respective portable devices, in a secure and efficient manner.

PATENT: Dual validator self-service kiosk; US 9,607,294 B2; 3/31/2017; CPC G06Q 20/1085; 19 claims; assigned to Bank of America Corporation.

SUMMARY: Aspects of the invention relate to reducing costs associated with automated teller machine ("ATM") mis-dispense claims.

PATENT: Multi-layer transaction tracking; US 9,607,300 B2; 3/31/2017; CPC G06Q 20/401; 15 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments for tracking multi-layer secured transactions include systems for providing a first transaction channel to a user and sending pre-authorization code to the user via the first transaction channel.

PATENT: Method and system for providing relevant sale event notifications using financial transaction data and location data; US 9,607,318 B1; 3/31/2017; CPC G06Q 30/0259; 25 claims; assigned to Intuit Inc.

ABSTRACT EXCERPT: Financial data associated with a consumer is obtained and analyzed to generate merchant watch list data associated with consumer. Sale events data is obtained associated with one or more sale events being sponsored by one or more merchants. Geographic position data associated with the consumer is the monitored and obtained.

Frip: Big Bro big time!

PATENT: Method and system for allocating deposits over a plurality of depository institutions; US 9,607,335 B2; 3/31/2017; CPC G06Q 40/02; 20 claims; assigned to Island Intellectual Property, LLC.

ABSTRACT: A method, system, and program product, the method comprising: (1) aggregated account information FDIC aggregated deposit accounts held in a plurality of banks; (2) client account information: (1) obtaining a client available deposit amount, D.sub.i; (2) determining, a bank number tier, T.sub.i, for the client account, from among a plurality of tiers based, at least in part, on a level of funds associated with the respective client or relative to tier ranges, wherein each tier has a number of banks associated therewith or a function for computing the number of banks associated therewith; (3) allocating the client available deposit amount, D.sub.i, across a number of banks, N.sub.T, equal to the number associated electronically with the tier, T.sub.i; and generating data to transfer funds to or from one or more of the banks.

Frip: Huh?

PATENT: Data capture and real time risk controls for electronic markets; US 9,607,337 B2; 3/31/2017; CPC G06Q 40/04; 25 claims; assigned to Hyannisport Research, Inc.

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

PATENT: Order risk management for derivative products; US 9,607,338 B2; 3/31/2017; CPC G06Q 40/04; 14 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods are provided for processing derivative product orders at an exchange. Traders provide derivative product order risk data to the exchange. The order risk data may include maximum delta, gamma and/or vega utilization values for derivative product contracts based on the same underlying product. Before executing a trade, a match system analyzes the trader's current utilization state and the utilization that would result after the trade. The match system may then execute all or a portion of the trade.

PATENT: Determining a quality score for internal quality analysis; US 9,600,794 B2; 3/21/2017; CPC G06Q 10/06395; 17 claims; assigned to Bank of America Corporation.

ABSTRACT: An apparatus for assessing and controlling the quality of a project in a production environment is provided. The apparatus is configured to: receive a first score, wherein the first score comprises a first numerical value associated with a first level of quality, wherein the first level of quality is associated with a first deliverable; receive a second score, wherein the second score comprises a second numerical value associated with a second level of quality, wherein the second level of quality is associated with the first deliverable; and process the first score and the second score to generate a third score.

Frip: Data in, data out, get a patent.

PATENT: Secure payment card, method and system; US 9,600,808 B1; 3/21/2017; CPC G06Q 20/00; 28 claims; assigned to Epic One Texas, LLC.

ABSTRACT EXCERPT: A payment card system uses a static payment card identifying number and generates, for each attempted transaction, an authentication cryptogram based at least upon a seed value stored within the payment card and further based upon a temporal signal value that changes for each attempted use of the payment card.

PATENT: Stacking purge-bin; US 9,600,809 B2; 3/21/2017; CPC G06Q 20/1085; 12 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Apparatus and methods for a stacking purge-bin ("SPB") are provided. The SPB may be configured to rotate. The SPB may include a plurality of receiving sections. One or more tangible items retracted by the SSK may be stored in each receiving section.

PATENT: System and method for a mobile wallet; US 9,600,815 B1; 3/21/2017; CPC G06Q 20/3224; 12 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT EXCERPT: A computer-implemented system and method includes receiving a request to perform a transaction between a merchant and a user having a mobile device and an account at a financial institution, determining a first location of the user based on a location of the mobile device, determining a second location of the user based on a location of the merchant, comparing the first and second location to ensure a match, receiving an identifier, the identifier being embedded in a code displayable on the mobile device, and transmitting an indication that the transaction has been completed.

PATENT: Systems and methods for risk based decisioning; US 9,600,819 B2; 3/21/2017; CPC G06Q 20/4016; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: A method and system for creating an assurance level based on authentication data attributes using a computer device coupled to a database are provided. The method includes receiving an authorization request associated with the financial transaction from the sender, the authorization request including a fraud risk assessment of the financial transaction determined by the sender using an authentication response received from the computer device by the sender, the authorization request including one or more reason codes associated with the sender fraud risk assessment.

PATENT: Price evaluation based on electronic receipt data; US 9,600,839 B2; 3/21/2017; CPC G06Q 30/0629; 21 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention are directed to systems, methods and computer program products for providing price evaluation based on electronic receipt data.

PATENT: System and method for providing financial instruments to customers of a service provider; US RE46,347E1; 3/21/2017; CPC G06Q 40/02; 9 claims; assigned to CCIP Corp.

ABSTRACT ADDITION: A system and method for providing financial instruments to customers and applicants of a service provider are disclosed. One method, among others, includes providing a device such as a mobile telephone to a user, and providing the user with a contactless card having a financial account identifier that is associated with a financial account.

PATENT: Methods and systems for showing perspective in market data; US 9,600,843 B2; 3/21/2017; CPC G06Q 40/04; 18 claims; assigned to Geneva Technologies, LLC.

ABSTRACT: Methods and systems are disclosed for providing perspective to market data. In one embodiment, market data is displayed in a three-dimensional perspective that emphasizes important aspects of market data while minimizing less important aspects. In some embodiments, market data is mapped to an object that automatically moves to display the inside market. In another embodiment, orders can be entered, manipulated, and/or canceled in conjunction with, or separately from, the object. Single and combination gestures can be used to perform one or more commands for entering orders and viewing market data. In one embodiment, multiple displays from one or more different types of computing devices are used in conjunction with each other for operating and/or displaying a portion of the aspects of the disclosed technology. In another embodiment, a filter component is used to show select market data and to enter or trigger specific types of market orders.

PATENT: Foreign cross-issued token; US 9,600,844 B2; 3/21/2017; CPC G06Q 40/04; 6 claims; assigned to Bank of America Corporation.

SUMMARY: Embodiments disclosed herein address the above needs and/or achieve other advantages by providing an apparatus (e.g., a system, computer program product, and/or other device) and a computer-implemented method for providing a virtual value token and/or a foreign cross-issued token. The virtual value token permits a user to conduct transactions in various currencies without first transferring an amount from one currency to another currency. Instead, the conversion occurs at the time of the transaction. The foreign cross-issued token permits a user to issue tokens having value denominated in more than one currency and therefore increases certainty regarding conversion rates and the like.

PATENT: Sorting mobile banking functions into authentication buckets; US 9,595,025 B2; 3/14/2017; CPC G06Q 20/108; 11 claims; assigned to Bank of America Corporation.

SUMMARY: Embodiments of the invention are directed to sorting mobile banking functions into authentication buckets. According to embodiments of the invention, an apparatus includes a memory; a processor; and a module stored in the memory, executable by the processor, and configured to determine, for each of a plurality of mobile banking functions, a corresponding one of a plurality of authentication buckets; wherein each of the plurality of authentication buckets corresponds with one of a plurality of levels of authentication, which together comprise a continuum of authentication.

PATENT: Systems and methods to add funds to an account via a mobile communication device; US 9,595,028 B2; 3/14/2017; CPC G06Q 20/14; 19 claims; assigned to Boku, Inc.

ABSTRACT EXCERPT: Systems and methods are provided to facilitate online transactions via mobile communications. In one aspect, a system includes an interchange coupled with a data storage facility. The interchange includes a common format processor and a plurality of converters to interface with a plurality of different controllers of mobile communications. The converters are configured to communicate with the controllers in different formats and to communicate with the common format processor in a common format.

PATENT: Flexible electronic payment transaction process; US 9,595,030 B2; 3/14/2017; CPC G06Q 20/204; 16 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: A point of sale (POS) terminal is programmed to execute EMV transactions by interaction with payment devices in accordance with a standard EMV transaction flow.

PATENT: Payment via a messaging application; US 9,595,031 B1; 3/14/2017; CPC G06Q 20/227; 25 claims; assigned to Square, Inc.

ABSTRACT EXCERPT: Technology is disclosed for a convenient money transfer without requiring any account login and/or creation activities. The disclosed technology enables a sender to transfer a specified amount of currency to one or more recipients through a payment application while executing an instant message application.

PATENT: Remote revocation of application access based on non-co-location of a transaction vehicle and a mobile device; US 9,595,032 B2; 3/14/2017; CPC G06Q 20/3224; 7 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention relate to an invention for accessing a remotely located mobile device of a user based on certain events. The system, method, and computer program product are configured, after preliminary steps, to reconfigure one or more applications accessible to the mobile device or one or more functional features of the mobile device based at least partially on determining that the mobile device and a transaction vehicle of the user are not co-located.

PATENT: Method of transmitting information from efficient communication protocol card; US 9,595,033 B2; 3/14/2017; CPC G06Q 20/3226; 20 claims; assigned to Square, Inc.

SUMMARY: The present invention relates generally to methods using card readers configured to be coupled to mobile devices to conduct financial transactions, and more particularly to methods using efficient communication protocol card readers configured to be coupled to mobile devices for conducting financial transactions.

PATENT: Service for exceeding account thresholds via transaction machine; US 9,595,035 B2; 3/14/2017; CPC G06Q 20/405; 10 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: In general terms, embodiments of the present invention relate to methods and apparatuses for providing a service for exceeding account thresholds via a transaction machine. For example, in some embodiments, a method is provided that concludes with receiving the holder's consent to the exceeded threshold and authorizing the transaction based at least partially on the receiving the holder's consent.

PATENT: Service for exceeding account thresholds via mobile device; US 9,595,036 B2; 3/14/2017; CPC G06Q 20/405; 11 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: In general terms, embodiments of the present invention relate to methods and apparatuses for providing a service for exceeding account thresholds via a mobile device. For example, in some embodiments, a method is provided that concludes with receiving the holder's consent to the excess threshold amount and authorizing the transaction based at least partially on the receiving the holder's consent.

Frip: Big week for BofA.

PATENT: Rule-based archival maintenance; US 9,589,252 B2; 3/7/2017; CPC G06Q 10/10; 18 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: The invention relates to systems, methods, and computer program products for rule-based maintenance of an archive.

PATENT: Smart chaining; US 9,589,256 B1; 3/7/2017; CPC G06Q 20/1085; 19 claims; assigned to Wells Fargo Bank, N.A.

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

PATENT: Enforcing time-out periods in payment-enabled mobile device; US 9,589,258 B2; 3/7/2017; CPC G06Q 20/206; 11 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A mobile device includes a housing and an antenna mounted in or on the housing for exchanging transaction signals with a point-of-sale (POS) terminal. The mobile device also includes a user interface element, a transceiver coupled to the antenna, and a secure element including processing circuitry and a secure tick counter. The secure element stores a payment application operable to conduct a pre-sign procedure selected by a user before interfacing with a point-of-sale (POS) terminal. The processing circuitry verifies the user, obtains a first tick value, sets the mobile device into a transaction-enabled state, obtains, when the transceiver is interfaced with a POS terminal, a current tick value from the secure tick counter, calculates a difference value between the current tick value and the first tick value, and enforces a risk management decision.

PATENT: Remote revocation of application access based on non-co-location of a transaction vehicle and a mobile device; US 9,589,261 B2; 3/7/2017; CPC G06Q 20/3224; 14 claims; assigned to Bank of America Corporation.

SUMMARY: An invention for accessing a remotely located mobile device of a user based on certain events is provided. In some embodiments, the invention includes a computer apparatus including a processor and a memory; and a software module stored in the memory, comprising executable instructions that when executed causes the processor to: (a) receive an indication that a transaction vehicle of the user is compromised; (b) identify a mobile device of the user that is associated with the transaction vehicle of the user that is compromised; (c) upon identifying the mobile device of the user, remotely access the mobile device of the user; and (d) reconfigure one or more applications accessible to the mobile device or one or more functional features of the mobile device based at least partially on receiving the indication.

PATENT: System and method for pre-provisioned wearable contactless payments; US 9,589,264 B2; 3/7/2017; CPC G06Q 20/3278; 20 claims; assigned to American Express Travel Related Services Company, Inc.

ABSTRACT: Systems and methods may comprise RFID data acquisition technology which may be embedded in a fob or tag for use in completing financial transactions. This fob may a self-contained device which includes a transponder and which may be contained on any portable form factor. For instance, the tag may be housed in a wearable transaction instrument, such as an activity tracker. The tag is configured to be used in concert with an RFID reader device.

PATENT: Restricted-use account payment administration apparatuses, methods and systems; US 9,589,266 B2; 3/7/2017; CPC G06Q 20/36; 21 claims; assigned to Visa International Service Association.

SUMMARY: The Restricted-Use Account Payment Administration Apparatuses, Methods and Systems (RUAP) provides a healthcare payment platform which facilitates payment and/or reimbursement from a restricted-use account.

PATENT: Integration of payment capability into secure elements of computers; US 9,589,268 B2; 3/7/2017; CPC G06Q 20/40; 20 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: Providing methods, secure elements, validation entities, and computer program products for effecting secure communication of payment information to merchants for Internet-based purchases. Payment information for a user's real payment information is installed in a secure element of a computer, the payment information may comprise a pseudo PAN number for the portable consumer device provided by a validation entity. The secure element is shielded from the computer's operating system to thwart hacker attacks.

PATENT: Cardless payment transactions; US 9,589,269 B2; 3/7/2017; CPC G06Q 20/4012; 34 claims; assigned to Square, Inc.

ABSTRACT: A method that includes obtaining a current location of a mobile device of a customer; sending the current location to a cardless payment system; determining whether to send, to the cardless payment system, an indication of consent to perform a cardless payment transaction with the merchant; displaying on the mobile device whether the merchant is authorized to perform a cardless payment transaction with the customer.

Frip: Big Bro stuff.

PATENT: Electronically capturing consumer location data for analyzing consumer behavior; US 9,589,270 B2; 3/7/2017; CPC G06Q 30/02; 42 claims; assigned to Service Management Group, Inc.

ABSTRACT: In embodiments, methods and systems for electronically capturing consumer location data for consumer behavior analysis may be provided. The location data may be gathered for one or more consumers from any suitable source. In some cases, the location data may be gathered using electronic devices associated with consumers, such as mobile phones. The gathered data may be analyzed to determine behavior patterns or other characteristics of the one or more consumers. Further, inferences or predictions about consumers may be derived based on the characteristics. The inferences and predictions may be the basis of consumer analytics supplied to a business or other entity.

Frip: Serious Big Bro stuff.

PATENT: Systems and methods for determining ad impression utility; US 9,589,271 B2; 3/7/2017; CPC G06Q 30/02; 20 claims; assigned to American Express Travel Related Services Company, Inc.

ABSTRACT: Various systems and methods for measuring ad impression effectiveness are provided. A method is provided comprising selecting, by an ad impression processor, a target consumer for an ad impression, delivering the ad impression to the target consumer, determining, by the processor, a behavior of the target consumer after a time period elapses, wherein the determining comprises analyzing internal data relating to the target consumer.

Frip: Seriously serious Big Bro stuff.

PATENT: System and method for card-linked services; US 9,589,276 B2; 3/7/2017; CPC G06Q 30/0251; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT EXCERPT: A system and method are disclosed for providing a promotion associated with a transaction account. Advertising targeting criteria to target at least one person to receive a respective advertisement for the promotion is submitted to a computing device associated with a data management platform. Viewer information associated with at least one person targeted to receive the respective advertisement is received and processed to assess a value of the at least one person. 

Frip: OK, enough with the Big Bro stuff.

PATENT: System and method for selectively displaying market information related to a plurality of tradeable objects; US 9,589,302 B2; 3/7/2017; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A graphical interface and method are provided for selectively displaying market information corresponding to a plurality of tradeable objects. According to one example method, a scanning feature is provided in relation to a number of tradeable object indicators. Upon detecting a predefined movement of a user input device in relation to the plurality of indicators, a graphical interface dynamically displays market information corresponding to the tradeable objects as a predefined movement of the user input device is detected in relation to the tradeable object indicators.

Frip: Everybody’s getting graphic interface patents.

PATENT: Combicard transaction method and system having an application parameter update mechanism; US 9,582,796 B2; 2/28/2017; CPC G06Q 20/3226; 22 claims; assigned to MasterCard International, Inc.

SUMMARY: Embodiments of the present invention generally relate to a system and method for performing transactions with an integrated circuit card or smartcard with multiple applications thereon (such as a combicard or combocard) and more particularly relates to a system and method for updating parameters of an application such as deblocking a dormant application on such an integrated circuit card or smartcard.

PATENT: Token based transaction authentication; US 9,582,799 B2; 2/28/2017; CPC G06Q 20/3226; 22 claims; assigned to Visa International Service Association.

ABSTRACT: A token based transaction authentication system is disclosed. Issuer, merchants, and a payment processing network generate unique tokens or keys to authenticate messages between themselves and to authenticate a sending entity or consumer as they are redirected between entities. The tokens are also used to identify the particular authentication thread a message or sending entity is associated with. The sending entity authentication occurs over a web-based channel or a mobile based channel.

PATENT: Secure communication of payment information to merchants using a verification token; US 9,582,801 B2; 2/28/2017; CPC G06Q 20/4014; 19 claims; assigned to Visa International Service Association.

ABSTRACT: Disclosed are apparatuses, systems, and methods pertaining to the secure communication of payment information from portable consumer devices, such as credit cards, to online merchants using verification tokens.

PATENT: Directional wayfinding; US 9,582,826 B2; 2/28/2017; CPC G06Q 30/0639; 17 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the invention include systems, methods, and computer-program products that provide for a unique directional wayfinding system. In one embodiment of the invention, products are received from the user, such as a shopping list or wish list. The system determines the location of the user, determines the location of the product in the business, determines a route from the user to the product, and provides instructions to the user along the route.

Frip: BofA goes Big Bro.

PATENT: Dynamically modifying an application questionnaire; US 9,582,829 B2; 2/28/2017; CPC G06Q 40/02; 20 claims; assigned to Bank of America Corporation.

SUMMARY: This invention relates generally to modifying an application, and more particularly to a system for dynamically modifying an application questionnaire.

PATENT: Offsite financial account onboarding; US 9,582,830 B2; 2/28/2017; CPC G06Q 40/02; 20 claims; assigned to American Express Travel Related Services Company, Inc.

ABSTRACT EXCERPT: Offsite financial account onboarding is provided which creates a more streamlined process for a customer. The customer accesses a money services business electronic system to request financial account setup. The onboarding system establishes account access to a pooled custodial account managed by the money services business based on preliminary identification (ID) data from the customer. With only preliminary ID data, account access limits are assigned which reduces the risk of fraud or criminal activity with the customer's account access.

PATENT: High speed processing of financial information using FPGA devices; US 9,582,831 B2; 2/28/2017; CPC G06Q 40/04; 46 claims; assigned to IP Reservoir, LLC.

ABSTRACT: A high speed system and method for processing financial instrument order data are disclosed. With respect to an exemplary embodiment, a reconfigurable logic device is employed to monitor a financial instrument order based on a risk profile to determine whether the order is appropriate. If determined appropriate, a financial instrument order can be routed to a trading venue. With respect to another exemplary embodiment, a reconfigurable logic device is employed to maintain a financial instrument order book.

PATENT: Time analysis of a banking system; US 9,576,278 B2; 1/21/2017; CPC G06Q 20/042; 18 claims; assigned to Diebold Self-Service Systems division of Diebold, Incorporated.

ABSTRACT EXCERPT: A banking system that utilizes metrics in acquiring and processing event data related to financial transaction activity at a plurality of automated banking machines. Automated banking machines include sensors able to detect event data during a transaction. The event data can include transaction data related to the type of transaction, time analysis data related to duration of the transaction, and operational data related to machine components used in carrying out the transaction. Statistical averages allow a respective machine to be compared to other machines with respect to operational efficiency.

PATENT: Method and system for making electronic payments; US 9,576,280 B2; 1/21/2017; CPC G06Q 20/202; 10 claims; assigned to Seleucid, LLC.

SUMMARY: The present disclosure relates to payment transactions, for example a payment by a customer to a merchant, such as in a retail store, that accepts payment cards such as credit, debit, or gift cards for the payment of goods and/or services. The merchant may have a preexisting point of sale (POS) register that uses barcode scanning to determine the value of goods and/or services being purchased by a customer. In at least one embodiment of the present disclosure, a method and system for making electronic payments with a barcode presented or rendered by the customer is provided herein.

PATENT: Merchant category code (“mcc”) based acceptance cost recovery; US 9,576,282 B2; 1/21/2017; CPC G06Q 20/207; 16 claims; assigned to Bank of America Corporation.

SUMMARY: Apparatus and methods for recovering a transaction cost are provided. The transaction cost may be a cost associated with a transaction. The transaction may be associated with one or more transaction attributes. Each transaction attribute may correspond to a value. The transaction may involve an acceptance of a payment instrument by a merchant. The transaction may involve a credit, debit, prepaid, automated clearing house, or any suitable payment method involving the transfer of funds from one participant to another.

PATENT: Social proximity payments; US 9,576,284 B2; 1/21/2017; CPC G06Q 20/3224; 16 claims; assigned to PayPal, Inc.

ABSTRACT: According to one embodiment, an application or a mobile App on a payer's mobile device discovers people known to the user and who are in close proximity to the user at the time of a payment request. Discovery can be through searching contact lists and/or social networks of the payer and/or through the payer device discovering contacts around the payer and then searching the payer's contact or social network list to see if there are any matches. These people are then shown to the user on the user or payer device, such as with a photo, icon, name, and/or email address. The user selects desired ones, which causes requests to be sent to the selected people, such as through text, voice, or email, to the respective devices. The selected people can then easily confirm or authorize a payment be sent to the payer or to the payee.

Frip: Big Bro Patent.

PATENT: System and method for providing coupon-less discounts based on a user broadcasted message; US 9,576,294 B2; 1/21/2017; CPC G06Q 30/02; 20 claims; assigned to American Express Travel Related Services Company, Inc.

SUMMARY: Relating to systems and methods for establishing and maintaining loyalty incentive programs and other promotions that permit consumers to receive discounts and notices of discounts, without requiring a coupon to be redeemed.

PATENT: Methods and systems of four-valued Monte Carlo simulation for financial modeling; US 9,576,319 B2; 1/21/2017; CPC G06Q 40/04; 12 claims.

ABSTRACT EXCERPT: The disclosed system describes a four valued Monte Carlo simulation for the stochastic modeling of risk and syntactic pattern matching techniques.

Frip: Really, no prior art?

PATENT: Systems and methods for image monitoring of check during mobile deposit; US 9,569,756 B1; 2/14/2017; CPC G06Q 20/042; 30 claims; assigned to USAA.

ABSTRACT: An image of a check that is in the field of view of a camera is monitored prior to the image of the check being captured. When the image of the check in the field of view passes monitoring criteria, an image may be taken by the camera and provided from the mobile device to a financial institution. The image capture may be performed automatically as soon as the image of the check is determined to pass the monitoring criteria. The check may be deposited in a user's bank account based on the image. Any technique for sending the image to the financial institution may be used. Feedback may be provided to the user of the camera regarding the image of the check in the field of view.

PATENT: Anticipatory creation of point-of-sale data structures; US 9,569,757 B1; 2/14/2017; CPC G06Q 20/0453; 20 claims; assigned to Square, Inc.

ABSTRACT EXCERPT: Techniques and arrangements for analyzing previous tickets of a customer at different merchants--specifying interactions of the customer at the different merchants--to determine subsequent recommendations to send to a particular merchant in real-time when the customer is located at the particular merchant.

Frip: Big Bro patent.

PATENT: Automated banking machine that operates responsive to data bearing records; US 9,569,758 B2; 2/14/2017; CPC G06Q 20/1085; 23 claims; assigned to Diebold, Incorporated.

ABSTRACT EXCERPT: In an example embodiment, there is disclosed herein an automated banking machine that includes an instrument acceptor operable to receive financial instruments. The machine is operable to cause user data obtained from a user during a user session with the machine to be sent to a transaction authorizing host computer. The machine is operable to generate an electronic deposit slip that includes a data representative of a financial account associated with the user data, and a value of value of a financial instrument received by the instrument acceptor during the user session.

PATENT: Auto-detection of merchant payment preferences; US 9,569,766 B2; 2/14/2017; CPC G06Q 20/3224; 20 claims; assigned to PayPal, Inc.

ABSTRACT: Systems and methods for retrieving and displaying merchant payment preferences to a user are described. When a user is at or near a merchant location, a service provider determines the type or form of electronic payment the merchant can accept. The service provider then generates the specific type or form of payment for display or communication to a user device. The user is then able to present a type of payment accepted by the merchant and pay for a purchase.

Frip: Big Bro patent.

PATENT: Fraud protection based on presence indication; US 9,569,767 B1; 2/14/2017; CPC G06Q 20/327; 23 claims; assigned to Square, Inc.

ABSTRACT EXCERPT: Introduced here is a technology that enables fraud detection and protection in financial transactions using a communication signal identification mechanism. The technology eliminates the uncertainties as to the authenticity of a payment card and/or a customer involved in a transaction. In at least some embodiments, methods and systems are disclosed for facilitating communication with one or more personal computing devices physically present at a merchant's POS device to establish customer presence and/or card presence.

Frip: Big Bro patent (but in a good way—fraud prevention).

PATENT: Systems, methods and apparatus for selecting a payment account for a payment transaction; US 9,569,768 B2; 2/14/2017; CPC G06Q 20/341; 17 claims; assigned to First Data Corporation.

ABSTRACT EXCERPT: Systems and methods for selecting a payment account for a payment transaction are provided by certain embodiments of the invention. Data may be collected from a payment device utilized for the transaction, and a plurality of payment accounts may be associated with the payment device.

PATENT: Enhancing bank card security with a mobile device; US 9,569,772 B2; 2/14/2017; CPC G06Q 20/3821; 7 claims; assigned to Patent Navigation Inc.

ABSTRACT EXCERPT: A PIN server system interacts with one or more financial institutions to authenticate a mobile phone and-or a user thereof.

PATENT: Methods and systems for performing authentication in consumer transactions; US 9,569,775 B2; 2/14/2017; CPC G06Q 20/388; 18 claims; assigned to Visa International Service Association.

ABSTRACT EXCERPT: The method for authenticating a mail order or telephone order transaction according to the present invention includes receiving authentication information from a cardholder, providing authentication information to an issuer, and determining whether the authentication information is valid.

PATENT: Tokenization of user accounts for direct payment authorization channel; US 9,569,780 B2; 2/14/2017; CPC G06Q 20/405; 12 claims; assigned to Bank of America Corporation.

SUMMARY: This invention relates generally to the field of improving security for transactions, and more particularly embodiments of the invention relate to using tokens in place of account information in various ways in order to enter into transactions securely.

PATENT: Method, apparatus, and interface for trading multiple tradeable objects; US 8,015,100 C1; 2/14/2017; CPC G06Q 40/04; Reexamination Request; assigned to Trading Technologies International, Inc.

ABSTRACT EXCERPT: An interface for trading multiple tradeable objects includes a price axis or scale. A first indication of quantities represented in a market for a first tradeable object is displayed in association with the price axis or scale. A second indication of quantities represented in the market for a second tradeable object is displayed in association with the price axis or scale.

Frip: Patent on a graphic display.

PATENT: Systems and methods for storing computer infrastructure inventory data; US 9,563,871 B2; 2/7/2017; CPC G06Q 10/087; 45 claims; assigned to MasterCard International Incorporated.

SUMMARY: Relating generally to management of computer devices and, more particularly, to network-based systems and methods for scanning computer devices to collect inventory data including hardware and software objects associated with the computer devices.

PATENT: Resource tag generation and deployment for resource valuation and distribution; US 9,563,873 B1; 2/7/2017; CPC G06Q 10/087; 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 generating resource tag systems and integration of the tag systems on machines for machine use, valuation, and distribution. The tags comprise sensors for monitoring activity of the machine or product and identifies stagnant periods in the use of the machine or product.

PATENT: Tokenization of user accounts for direct payment authorization channel; US 9,563,895 B2; 2/7/2017; CPC G06Q 10/405; 20 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Embodiments of the present invention disclose a financial institution system maintained by a financial institution and for tokenization of user accounts for using a direct payment authorization channel, whereby a third party payment authorization network is avoided.

PATENT: Method, apparatus, and computer program product for consumer tracking; US 9,563,900 B1; 2/7/2017; CPC G06Q 30/0201; 27 claims; assigned to Groupon, Inc.

SUMMARY: In general, embodiments of the present invention provided herein include systems, methods and computer readable media for the tracking, storing and retrieving consumer related data in order to monitor or identify mobile application and web browser activity of a consumer.

Frip: Big Bro Patent.

PATENT: Generating audience response metrics and ratings from social interest in time-based media; US 9,563,901 B2; 2/7/2017; CPC G06Q 30/0201; 27 claims; assigned to BlueFin Labs, Inc.

ABSTRACT: Social media content items are mapped to relevant time-based media events. These mappings are used as the basis for calculating metrics based upon the mappings, and ratings of the time-based media there from. Audience response metrics (ARMs) are calculated from the mappings, which provide an indication of audience engagement or response. In addition, ARMs provide information about the virality, depth, and breadth of the response by the viewing audience. The calculated metrics are stored and are used to generate ratings for the time-based media. The ratings may be published in whole or in part, e.g., as part of a ratings system.

Frip: Another Big Bro Patent.

PATENT: Computer-implemented method and apparatus for adjusting the cost basis of a security; US 9,563,917 B2; 2/7/2017; CPC G06Q 40/06; 39 claims; assigned to Networth Services, Inc.

SUMMARY: The present invention is directed to a computer-implemented method and apparatus for determining a cost basis associated with an investment. The investment may be in the form of a security or securities with which capital events can be associated.

PATENT: Systems and methods for display and interaction on a graphical user interface; US 9,563,918 B2; 2/7/2017; CPC G06Q 40/06; 20 claims; assigned to Hartford Fire Insurance Company.

ABSTRACT EXCERPT: A computer system configured to generate data to provide an interactive graphical interface for display on a remote user device is configured to provide an interactive graphical interface including first and second screen areas, and icons for user manipulation, each icon corresponding to a user goal.

Frip: The ol’ graphic interface patent.