DATA IN-DATA OUT PATENTS, 2012
DATA IN-DATA OUT PATENTS, 2012
| |
|January 3, 2012 |
| |
|Total 705 Class patents issued: 78 |
|Data In-Data Out patents: at the very least, 10 |
|PATENT |DATA IN |DATA OUT |
|Apparatuses, Methods, and Systems for |Risk rater base criteria, |Risk evaluation product. |
|Building a Risk Evaluation Product; US |comprising at least a unique | |
|8,090,600 B2; January 3, 2012; Class 705/4; |risk rater identifier; risk |Frip: If you don’t build the right risk |
|12 claims; assigned to Insight Catastrophe |characteristic input fields; a|evaluator, you’re the problem. |
|Solutions. |set of rule calls; other | |
| |stuff; process provides a set | |
| |of modular tools that assist | |
| |non-specialists in on-the-fly | |
| |generation and implementation | |
| |of risk rating products, the | |
| |modularity of the approach | |
| |facilitating the modification | |
| |and updating of a system | |
| |component without affecting | |
| |the operation of other | |
| |components. | |
|System and Method for Determining a Premium |Information related to a |Total gross premium. |
|for Insurance for a Security; US 8,090,601 |security to be insured; | |
|B2; January 3, 2012; Class 705/4; 17 claims;|process involves determining |Frip: How about insurance on the |
|assigned to SBH, Inc. |an insurance risk premium |insurance? |
| |based upon a security to be | |
| |insured, determining an | |
| |expense and profit load, and | |
| |combining them to produce a | |
| |total gross premium. | |
|Mortgage Payment Insurance Method and |Information from a first |Mortgage loan having an interest rate |
|System; US 8,090,635 B1; January 3, 2012; |computer related to a mortgage|paid by the borrower, the interest rate |
|Class 705/35; 23 claims. |loan application from a |based on the existence of the mortgage |
| |borrower, the information |payment insurance policy and subject to |
| |related to a mortgage payment |any terms or conditions thereof. |
| |insurance policy providing | |
| |that if a borrower defaults in|Frip: Well, why not? Or whatever. |
| |its payment obligation under | |
| |the mortgage, the insurer will| |
| |make one or more insurance | |
| |payments to borrower's payee. | |
|Valuing Model Option Contracts; US 8,090,636|Price of the underlying stock;|Theoretically correct value for a Model |
|B2; January 3, 2012; Class 705/35; 6 claims.|whole bunch of other |Option contract. |
| |variables; (a Model Option | |
| |contract is a new type of |Frip: At last! The Holy Grail! |
| |option contract that gives the| |
| |holder the right to settle the| |
| |contract by selling it back to| |
| |the option seller at a price | |
| |determined by a valuation | |
| |methodology that is specified | |
| |in the contract; in effect, | |
| |this is a way of embedding a | |
| |put option into an option | |
| |contract. | |
|Method and System for Creating and Marketing|Options issued to company |Value of employee stock options. |
|Employee Stock Option Mirror Image Warrants;|employees on company stock, | |
|US 8,090,639 B2; January 3, 2012; Class |the options including an |Frip: Piece of cake. |
|705/36R; 21 claims; assigned to JPMorgan |exercise term, a strike price,| |
|Chase Bank, N.W. |and a restriction on transfer | |
| |or hedge; warrants on the | |
| |company stock, the warrants | |
| |including an amortization | |
| |factor and other stuff; | |
| |process involves determining | |
| |the market value of the | |
| |warrants from which the market| |
| |value of the options is | |
| |determined. | |
|Option Computation for Tangible Depreciating|Historical sales data of sold |Predicted resale value of the tangible |
|Items; US 8,090,642 B1; January 3, 2012; |tangible depreciating items |depreciating item, which leads to a put |
|Class 705/37; 18 claims; assigned to |from marketplaces; Information|option value. |
|TechForward, Inc. |on a tangible depreciating | |
| |item; process involves |Frip: Black-Scholes, move over. |
| |computing present resale value| |
| |of the tangible depreciating | |
| |item. | |
|Modeling Financial Instruments Using Bid and|At least one series of |Model of an investment significant |
|Ask Prices; US 8,090,644 B2; January 3, |historical bid prices of a |parameter of a financial instrument. |
|2012; Class 705/37; 11 claims; assigned to |financial instrument or | |
|Penson Worldwide, Inc. |historical ask prices of the |Frip: Hey, initialize your own variable |
| |financial instrument; |parameter. My parameter is not variable, |
| |financial model type that has |if you please. |
| |at least one variable | |
| |parameter; process involves | |
| |initializing the variable | |
| |parameter of the selected | |
| |model type and estimating the | |
| |variable parameter. | |
|Fraud Detection Based on Efficient |Frequency information on |Predicting whether an activity is |
|Frequent-Behavior Sorted Lists; US 8,090,648|entities in transaction data |fraudulent in response to the frequency |
|B2; January 3, 2012; Class 705/38; 20 |for at least one individual |variable. |
|claims; assigned to Fair Isaac Corporation. |account; process involves | |
| |converting frequency |Frip: Caught by statistics. Is that fair,|
| |information to a frequency |Fair Isaac? |
| |variable. | |
|Computerized Extension of Credit to Existing|Estimate of the tax refund |New credit or additional credit to demand|
|Demand Deposit Accounts, Prepaid Cards and |available from a tax return of|deposit accounts, prepaid cards, and |
|Lines of Credit Based on Expected Tax Refund|a customer. |existing lines of credit of the customer,|
|Proceeds, Associated Systems and Computer | |based on expected tax refund amounts. |
|Program Products; US 8,090,649 B2; January | | |
|3, 2012; Class 705/38; 20 claims; assigned | |Frip: What about if there is no refund |
|to Metabank. | |but there is additional tax owed? |
|Techniques for Transaction Adjustment; US |Detection of irregularity with|Adjustment of offline balance in response|
|8,090,654 B2; January 3, 2012; Class 705/40;|a transaction involving a |to the detection. |
|5 claims; assigned to Mastercard |“smart” credit card or a debit| |
|International Incorporated. |card. |Frip: You can’t get away with nothing no |
| | |more. |
| |
|January 10, 2012 |
| |
|Total 705 Class patents issued: 101 |
|Data In-Data Out patents: at the very least, 13 |
|PATENT |DATA IN |DATA OUT |
|Computer System for Underwriting a Personal |Data on a guarantor seeking |Guaranty insurance policy. |
|Guaranty Liability by Utilizing a Risk |guaranty insurance, the | |
|Apportionment System; US 8,095,396 B1; |guarantor having received a |Frip: So many risks, so many kinds of |
|January 10, 2012; Class 705/4; 4 claims; |loan from a lender for an |insurance. |
|assigned to Asterisk Financial Group, Inc. |organization associated with | |
| |the guarantor, the guarantor | |
| |being required by the lender | |
| |to provide a personal guaranty| |
| |on the loan; other relevant | |
| |data; process involves | |
| |determining that the degrees | |
| |of policy and portfolio risk | |
| |corresponding to the guarantor| |
| |are below a threshold of risk.| |
|Method and System for Administering Money |Identified risk factors; the |Determination of whether the information |
|Laundering Prevention Program; US 8,095,441 |risk factors including |in connection with an account implicates |
|B2; January 10, 2012; Class 705/35; 21 |jurisdiction-based risk |any of the risk factors, and if so, |
|claims; assigned to Barclays Capital, Inc. |factors, entity type-based |identification of appropriate actions. |
| |risk factors, and business | |
| |type-based risk factors; |Frip: Risk identification patents, the |
| |information in connection with|hot thing. |
| |an account. | |
|Systems and Methods for Calculating |Mass data from one or more |Base matrix and specified matrices. |
|Specified Matrices; US 8,095,442 B2; January|databases of one or more | |
|10, 2012; Class 705/35; 17 claims; assigned |different data sources |Frip: All the world’s a matrix. |
|to SAP AG (Germany). |associated with banking | |
| |practice, the mass data | |
| |including data packages | |
| |organized as sets of rows and | |
| |sets of columns, each row | |
| |corresponding to a record, and| |
| |the columns including fields | |
| |of predetermined granularity | |
| |characteristics and fields of | |
| |predetermined key figures. | |
|Debt Trading Systems and Methods; US |Credit reports and other |Debt trending information that indicates |
|8,095,443 B2; January 10, 2012; Class |financial information about a |in the form of lists, tables, graphs, |
|705/35; 18 claims; assigned to |subject. |charts, and what all, information |
|, Inc. | |regarding multiple debt accounts |
| | |associated with the user. |
| | | |
| | |Frip: See your chart? It’s all downhill. |
|Determination of Gold Price and Bond Yield |Economic data relating to the |Asset analysis according to the Required |
|According to the Required Yield Method; US |economy, the data including a |Yield Method (RYM). |
|8,095,444 B2; January 10, 2012; Class |gross domestic product (GDP) | |
|705/35; 60 claims. |per capita growth rate and |Frip: Ah, the old Required Yield Method. |
| |maybe an expected inflation |Wondered when that baby was gonna be |
| |rate; at least one asset |patented. |
| |characteristic of each asset, | |
| |which may be an equity index, | |
| |a bond, gold, a currency, a | |
| |derivative, or some such; | |
| |process includes computations | |
| |in accordance with the | |
| |Required Yield Method (RYM), | |
| |and the transfer of the asset | |
| |characteristic to a tangible | |
| |medium. | |
|Reducing Accounting Volatility; US 8,095,448|Terms governing determination |Determined contract rate of return, |
|B2; January 10, 2012; Class 705/36; 25 |of a contract rate of return, |determined contract value, or both. |
|claims. |a contract value for an | |
| |investment associated with an |Frip: Ah, the dense language of the |
| |investment portfolio, or both;|investing field. What are they talking |
| |market data including data |about? |
| |corresponding to at least one | |
| |measure of the variation in | |
| |the rate of return | |
| |corresponding to the return on| |
| |the investment portfolio. | |
|Systems and Methods for Controlling |Data on investments in a |Automatic transfers from one fund to |
|Portfolios; US 8,095,446 B2; January 10, |portfolio; constantly updated |another according to user predetermined |
|2012; Class 705/36R; 15 claims. |fund data to compare a current|criteria. |
| |fund with possible new funds; | |
| |predetermined criteria for |Frip: Save me from myself! |
| |sweeping investments from one | |
| |fund to another. | |
|Methods and Apparatus for Self-Adaptive, |Bunch of data; process |Artificial agents that are activated, |
|Learning Data Analysis; US 8,095,447 B2; |involves a predictive modeling|retired, or both according to |
|January 10, 2012; Class 705/36R; 22 claims; |system with multiple |predictability value and a predetermined |
|assigned to Adaptive Technologies, Inc. |artificial agents responsive |threshold value. |
| |to an input data set | |
| |corresponding to a past |Frip: Huh? |
| |behavior of a financial | |
| |instrument over time, and so | |
| |much more. | |
|Live Alerts; US 8,095,452 B2; January 10, |Real time trading messages; |A real time report when rules or limits |
|2012; Class 705/37; 14 claims; assigned to |predetermined rules. |are violated. |
|Chicago Mercantile Exchange Inc. | | |
| | |Frip: The Chicago Merc, staying on top of|
| | |things. |
|Coordination of Algorithms in algorithmic |Electronic data describing a |Selection of another algorithm if the |
|Trading Engine; US 8,095,455 B2; January 10,|trading order; multiple |first is unsatisfactory. |
|2012; Class 705/37; 28 claims; assigned to |available stored algorithms | |
|Pipeline Financial Group, Inc. |for execution of the trading |Frip: Sort of like a spouse. If the first|
| |order; process involves |is unsatisfactory, select another. |
| |evaluating the quality of | |
| |order execution, and selecting| |
| |other algorithms if the | |
| |initial one is not | |
| |satisfactory. | |
|System and Method for Matching Loan |Loan consumer application |Presentation of responding lenders for |
|Consumers and Lenders; US 8,095,458 B2; |information; credit report; |review by the customer. |
|January 10, 2012; Class 705/38; 34 claims; |lender database; process | |
|assigned to Horizon Digital Finance, LLC. |involves matching the customer|Frip: And the winner is. . . .! |
| |information and credit report | |
| |to ranked lenders, and | |
| |querying lenders. | |
|Determinations Relating to Resource |Financial transactions of a |Categorized transactions and calculated |
|Distribution; US 8,095,460 B2; January 10, |user; financial accounts and |financial ratios. |
|2012; Class 705/38; 20 claims; assigned to |information concerning the | |
|Bank of America Corporation. |user; process involves |Frip: BofA, it’s sorry for all the |
| |categorizing and |trouble it has caused. Really. |
| |subcategorizing transactions, | |
| |and making various financial | |
| |calculation. | |
|System and Method for Assessing and Managing|Financing information; |Alerts to dealers when customers are able|
|Financial Transactions; US 8,095,461 B2; |customer information; product |to enter new financial arrangements under|
|January 10, 2012; Class 705/38; 20 claims; |information; process involves |terms favorable to the customer. |
|assigned to Autoalert, Inc. |comparing a customer's current| |
| |financial arrangement to a |Frip: “Customer right for the plucking, |
| |potential new financial |aisle 4.” |
| |arrangement to determine | |
| |whether the customer is able | |
| |to enter into a new financial | |
| |arrangement on terms favorable| |
| |to the customer. | |
| |
|January 17, 2012 |
| |
|Total 705 Class patents issued: 78 |
|Data In-Data Out patents: at the very least, 13 |
|PATENT |DATA IN |DATA OUT |
|Financial Policy Change Advisor; US |Financial data associated with|Estimated financial outcome, and other |
|8,099,309 B1; January 17, 2012; Class |an entity; proposed financial |stuff. |
|705/7.11; 34 claims; assigned to Intuit Inc.|policy impacting the entity. | |
| | |Frip: Piece of cake. |
|System and Method for Recreating Tax |Request for a copy of a |Recreated tax document. |
|Documents; US 8,099,341 B2; January 17, |previously filed tax document;| |
|2012; Class 705/30; 19 claims; assigned to |downloaded tax transcript from|Frip: There it is. Your 1978 form 1040. |
|OREM Financial Services Inc. |an agency, such as the IRS; | |
| |process involves mapping | |
| |values from the transcript | |
| |into one or more templates to | |
| |recreate the filed tax | |
| |document. | |
|Method and Apparatus for Enabling Individual|Portfolio of investments from |Transmission of one or more trades to |
|or Smaller Investors or Others to Create and|multiple potential investment |adjust the portfolio. |
|Manage a Portfolio of Securities or Other |options; using a graphical | |
|Assets or Liabilities on a Cost Effective |user interface, adjustment of |Frip: And all with just the click of a |
|Basis; US 8,099,344 B2; January 17, 2012; |risk-return characteristic of |mouse. |
|Class 705/35; 20 claims; assigned to |the portfolio; process | |
|FOLIOfn, Inc. |involves automatic | |
| |determination of weighting of | |
| |investments to accommodate the| |
| |desired risk-return | |
| |characteristic. | |
|Financial Account Information Management and|Data representing multiple |Something useful, such as inconsistencies|
|Auditing; US 8,099,345 B2; January 17, 2012;|financial transactions; data |or evidence of fraud, or something. |
|Class 705/35; 8 claims; assigned to Bank of |referencing each of the | |
|America Corporation. |financial transactions. |Frip: BofA, doin’ something. |
|Reference Price Framwork; US 8,099,346 B2; |Universe of pricing episode |Various calculations or comparisons, |
|January 17, 2012; Class 705/35; 30 claims; |data that is segmented into |including the revenue opportunity that |
|assigned to Pricemetrix, Inc. |groupings based on price |could have been obtained by pricing at |
| |predictive parameters; process|the reference price. |
| |involves arranging data in | |
| |each grouping according to |Frip: Leavin’ Frip speechless. |
| |price, and determining a | |
| |reference price within each | |
| |grouping based on a | |
| |predetermined level, rank, or | |
| |percentile. | |
|System and Method for Creating a Market Map |Market information for |Providing a tool for displaying |
|in an Electronic Trading Environment; US |tradable objects. |trader-related data in combination with |
|8,099,348 B2; January 17, 2012; Class | |market data related to one or more |
|705/35; 12 claims; assigned to Trading | |tradable objects, the user being able to |
|Technologies International, Inc. | |define one or more adjustment parameters |
| | |to be used to adjust the view of |
| | |information being displayed via linked |
| | |graphical interfaces. |
| | | |
| | |Frip: Graphical displays, an infinite |
| | |source of patentable stuff. |
|Certificate of Deposit Consolidation; US |User provided information |Schedule for consolidating the CDs into |
|8,099,349 B1; January 17, 2012; Class |pertaining to his or her |the recommended financial service. |
|705/36R; 21 claims; assigned to USAA. |certificates of deposits, such| |
| |as amount and maturity dates; |Frip: USAA, getting’ fancy. |
| |recommendations regarding | |
| |consolidating the CDs by | |
| |rolling them into annuities or| |
| |insurance. | |
|Methods, Systems, and Device Readable Media |Initial inputs related to a |Consensus regarding the proposition under|
|for Proposition Evaluation; US 8,099,351 B2;|proposition under analysis, |analysis. |
|January 17, 2012; Class 705/36R; 30 claims; |each of the initial inputs | |
|assigned to Wiktive LLC. |relating to an evaluation or |Frip: A wiki-style wrapper, whee! |
| |an improvement of the | |
| |proposition; process is a | |
| |predictive wiki optimization | |
| |that leverages collective | |
| |knowledge and, in some | |
| |embodiments, represents an | |
| |application of predictive | |
| |markets within a wiki-style | |
| |wrapper. | |
|Market Indicator Process and Method; US |Results of monitoring at least|Opening index price of a security index |
|8,099,353 B2; January 17, 2012; Class |a portion of the trading of at|including at least two discrete |
|705/37; 26 claims; assigned to The NASDAQ |least two discrete securities |securities. |
|OMX Group, Inc. (Sweden?). |that occurs outside of a | |
| |regular trading session; |Frip: Since when did the NASDAQ move to |
| |system involves a closing |Sweden? |
| |price variation calculation | |
| |process that calculates the | |
| |predicated opening index price| |
| |of a security index for the | |
| |beginning of the next regular | |
| |trading session. | |
|System and Method for Determining Implied |Market information; process |Implied market information and other |
|Market Information; US 8,099,355 B2; January|involves computing identity |stuff. |
|17, 2012; Class 705/37; 38 claims; assigned |vectors and characterizing a | |
|to Trading Technologies International, Inc. |market by exhaustively |Frip: Wow! |
| |computing one or more | |
| |combinations of other related | |
| |markets such that the markets | |
| |of each combination when | |
| |summed result in the market | |
| |under consideration. | |
|Method and Apparatus System for Modeling |Credit reports and risk scores|Prediction of the capacity of a consumer |
|Consumer Capacity for Future Incremental |about a consumer; process |to undertake incremental debt in the |
|Debt in Credit Scoring; US 8,099,356 B2; |involves developing a |future. |
|January 17, 2012; Class 705/38; 17 claims; |prediction model that predicts| |
|assigned to Fair Isaac Corporation. |a statistical interaction of |Frip: The prediction is, you’re going |
| |performance expectation with |broke. |
| |likely post-scoring behavior, | |
| |or something like that. | |
|Automated Political Risk Management; US |Data relating to a financial |Suggested action. |
|8,099,357 B2; January 17, 2012; Class |transaction involving a | |
|705/38; 21 claims; assigned to Goldman Sachs|politically identified person;|Frip: Sounds like the one percenters |
|& Co. |process involves structuring |protecting their backsides. |
| |the received data according to| |
| |political risk quotient | |
| |criteria, calculating a | |
| |political risk quotient based | |
| |on the structured data, | |
| |comparing the political risk | |
| |quotient with a risk quotient | |
| |threshold to determine a | |
| |suggested action for | |
| |proceeding with the financial | |
| |transaction, and facilitating | |
| |the financial transaction with| |
| |the determined suggested | |
| |action. | |
|Quantifying the Output of Credit Research |Internal company credit rating|At least one calculated metric to |
|Systems; US 8,099,358 B2; January 17, 2012; |for securities; an external |determine a correlation between the |
|Class 705/38; 20 claims; assigned to Bank of|credit research agency |internal company credit ratings and the |
|America Corporation. |original credit rating for |new external credit research agency |
| |each of the securities; data |ratings for each of the securities. |
| |representative of a change of | |
| |the external credit research |Frip: Whoa, B of A! Take things easy, Big|
| |agency original credit rating |Fella. |
| |for at least one of the | |
| |securities; data | |
| |representative of a current | |
| |price of the security and a | |
| |benchmark price of the | |
| |security. | |
| |
|January 24, 2012 |
| |
|Total 705 Class patents issued: 81 |
|Data In-Data Out patents: at the very least, 10 |
|PATENT |DATA IN |DATA OUT |
|Fraudulent Transaction Identification |Transaction information with |Determination as to whether or not the |
|System; US 8,103,568 B1; January 24, 2012; |an address; process involves a|transaction is suspicious. |
|Class 705/35; 15 claims; assigned to Bank of|determination as to whether or| |
|America Corporation. |not the transaction is |Frip: BofA should have used the process |
| |suspicious by querying |to evaluate its acquisition of |
| |information on the address or |Countrywide. |
| |a geocode. | |
|Method for Adjusting the Value of Derivative|Derivative security data; |Adjusted value and terms of equity |
|Securities Due to a Corporate Event; US |process involves, in response |derivatives. |
|8,103,569 B2; January 24, 2012; Class |to an event related to the | |
|705/36R; 13 claims. |underlying security that |Frip: Lettin’ derivative investors off |
| |forces investors to exercise |the hook. Another perk of being a |
| |their derivatives before the |one-percenter. |
| |time period allotted to the | |
| |derivatives has expired, | |
| |adjustment of the value of the| |
| |derivative securities for the | |
| |holder of the derivative | |
| |security as well as the | |
| |investor who has written the | |
| |derivative security. | |
|System and Method for Creating and Trading |Request for a spread exposure |Price for an instrument that achieves the|
|Near One Delta Securities; US 8,103,570 B1; |on an underlying security; |requested spread exposure. |
|January 24, 2012; Class 705/36R; 32 claims; |cost information for the | |
|assigned to Goldman Sachs & Co. |requested spread exposure; |Frip: Aren’t Goldman Sachs and Mitt in |
| |process involves calculating |cahoots? Newt says so. |
| |cost of components including a| |
| |long put spread and a short | |
| |put spread, the components | |
| |achieving the requested spread| |
| |exposure to cover maximum | |
| |possible downside risk. | |
|Method and System for an Enhanced Step-Up |Deferred variable annuity |Payment benefit available for withdrawal |
|Provision in a Deferred Variable Annuity |contract and data indicative |without reducing the payment base value, |
|with a Rising Guaranteed Step-Up; US |of a payment base value, a |or something. |
|8,103,571; January 24, 2012; Class 705/36R; |withdrawal percent value, and | |
|20 claims; assigned to Hartford Fire |a contract value, and a |Frip: Yeah, annuities are simple things. |
|Insurance Company. |formula for determining an |Not. |
| |amount of benefit payments | |
| |available on a periodic basis | |
| |in accordance with a | |
| |guarantee, based on | |
| |multiplying the payment base | |
| |value by the withdrawal | |
| |percent value, and more. | |
|Method and System for Processing Data for a |Data relating to a deferred |Amount of the benefit payment available |
|Deferred Annuity with Available Benefit |annuity contract during the |during a time period during the |
|Payments Related to an Increasing Withdrawal|accumulation phase for a |accumulation phase without reduction of |
|Percent; US 8,103,573 B2; January 24, 2012; |relevant life; process |the payment base value. |
|Class 705/36R; 20 claims; assigned to |involves determining an amount| |
|Hartford Fire Insurance Company. |of an available benefit |Frip: More annuity stuff means bigger |
| |payment, available on a |headaches means more aspirin needed. |
| |periodic basis for withdrawal | |
| |without reduction of a payment| |
| |base value, the available | |
| |benefit payment amount being | |
| |based on a withdrawal percent | |
| |value and something else. | |
|System and Method for Use In Auditing |Data from financial markets, |Report that compares an already executed |
|Financial Transactions; US 8,103,575 B1; |including the date and time |transaction against transaction data |
|January 24, 2012; Class 705/36R; 41 claims; |trades are executed and the |stored in computer memory, for |
|assigned to ICAP Services North America LLC.|prices at which the financial |verification that the already executed |
| |instruments traded. |transaction was executed at a reasonable |
| | |price. |
| | | |
| | |Frip: And if there is no verification. . |
| | |. ? |
|Controlling Markets During a Stop Loss |Trading orders submitted to an|When execution price of the stop order |
|Trigger; US 8,103,576 B2; January 24, 2012; |automated trading engine; |lies beyond the predetermined price |
|Class 705/37; 8 claims; assigned to Chicago |predetermined price threshold;|threshold, matching of orders takes place|
|Mercantile Exchange Inc. |process involves comparing an |only at or within the predetermined price|
| |execution price of a stop |threshold, orders within the price |
| |order to the predetermined |threshold being matched at the price |
| |price threshold and flagging |threshold against orders beyond the price|
| |the market for the financial |threshold, thus dampening any |
| |instrument if the execution |instantaneous damaging effects of the |
| |price is beyond the |price spike. |
| |predetermined price. | |
| | |Frip: So no more thousand point drops in |
| | |the Dow? |
|System and Method for Multi-Factor Modeling,|Data associated with multiple |Margin requirement associated with the |
|Analysis and Margining of Credit Default |financial instruments within a|multiple financial instruments within the|
|Swaps for Risk Offset; US 8,103,578 B2; |portfolio; process involves |portfolio. |
|January 24, 2012; Class 705/37; 20 claims; |determining a systematic risk | |
|assigned to Chicago Mercantile Exchange Inc.|margin, a curve risk margin, a|Frip: Idiosyncratic risk margin is Frip’s|
| |convergence and divergence |favorite. |
| |risk margin, a sector risk | |
| |margin, an idiosyncratic risk | |
| |margin, a liquidity risk | |
| |margin, and a basis risk | |
| |margin, and calculating a | |
| |multi-factor risk margin. | |
|Computerized Transaction Method and System; |Offers to trade without |Initiation of transactions such that |
|US 8,103,583 B2; January 24, 2012; Class |indicating whether the offers |entities that submitted offers |
|705/39; 21 claims. |are buy or sell; process |identifying values that are less than the|
| |involves identifying a median |median value are required to sell at the |
| |value of the offers. |median value, and entities that submitted|
| | |offers identifying values that are |
| | |greater than the median value are |
| | |required to buy at the median value. |
| | | |
| | |Frip: Well, why not? |
|System and Method for Account Level |Transaction clearing request |Determination to allow the transaction |
|Blocking; US 8,103,588 B2; January 24, 2012;|for a transaction; stored |clearing request if the transaction does |
|Class 705/44; 29 claims; assigned to Visa |blocking parameter. |not satisfy the stored blocking |
|International Service Association. | |parameter, and to deny the transaction |
| | |clearing request if the transaction |
| | |satisfies the stored blocking parameter. |
| | | |
| | |Frip: Patent on thumbs up, thumbs down |
| | |decision. |
| |
|January 31, 2012 |
| |
|Total 705 Class patents issued: 100 |
|Data In-Data Out patents: at the very least, 9 |
|PATENT |DATA IN |DATA OUT |
|Method and System for Offering Financial |Customer information from at |Suggested financial products for the |
|Products Based on a Customer’s Determined |least one source chosen from a|customer. |
|Life Status; US 8,108,275 B2; January 31, |purchase database, an | |
|2012; Class 705/35; 8 claims; assigned to |application database, a call |Frip: They know all about us. They even |
|Capital One Financial Corporation. |center database, an Internet |know when we are taking a s***. |
| |database, and a public records| |
| |database; process involves | |
| |categorizing a customer into a| |
| |life status and determining | |
| |the customer’s | |
| |creditworthiness. | |
|Method and Apparatus for Reference Data |Data identifying a reference |Data record associated with the |
|Scrubbing; US 8,108,276 B2; January 31, |entity participating in a |derivative transaction, and a derivative |
|2012; Class 705/35; 13 claims; assigned to |derivative transaction; data |agreement. |
|Goldman Sachs & Co. |identifying at least a first | |
| |reference obligation |Frip: Derivatives. Should patents about |
| |associated with the derivative|derivatives even be allowed? |
| |transaction; process involves | |
| |generating a data record | |
| |associated with the derivative| |
| |transaction, and other stuff. | |
|System and Method for Multi-Factor Modeling,|Data associated with multiple |Maximum risk margin for each of the risk |
|Analysis and Margining of Credit Default |financial instruments within a|factors, and total multi-factor risk |
|Swaps for Risk Offset; US 8,108,281 B2; |portfolio; process involves |margin based on the maximum risk margin |
|January 31, 2012; Class 705/35; 13 claims; |determining a shock value for |for each of the risk factors. |
|assigned to Chicago Mercantile Exchange Inc.|the risk factors within a | |
| |multi-factor risk model. |Frip: Multi-factor risk margin. Cool. |
|Market Sentiment Indicator; US 8,108,290 B2;|Option activity information |Indicator value representing market |
|January 31, 2012; Class 705/37; 18 claims; |from an order routing system; |sentiment. |
|assigned to Chicago Board Options Exchange, |process involves calculating a| |
|Inc. |sum of buy call contract |Frip: Do a little basic arithmetic and |
| |volume and sell put contract |get yourself a patent. |
| |volume, and a total amount of | |
| |contract volume. | |
|System and Method for Creating Trade-Related|Trade-related annotations and |Annotation record and stuff. |
|Annotations in an Electronic Trading |flagging stuff, entered by a | |
|Environment; US 8,108,291 B1; January 31, |trader. |Frip: TTI, not letting the grass grow. |
|2012; Class 705/37; 22 claims; assigned to | | |
|Trading Technologies International, Inc. | | |
|Order Matching System; US 8,108,294 B2; |Definition of an order, |Completion message identifying a status |
|January 31, 2012; Class 705/37; 28 claims; |defined by an evaluation |of the transaction instance from the |
|assigned to Intellectual Ventures Fund 67 |heuristic, that identifies |transaction destination. |
|LLC. |changes of respective | |
| |characteristics of transaction|Frip: “An evaluation heuristic” and |
| |instances of the order at |“transaction instances”: a U.S. patent in|
| |respective execution times of |a non-English language. |
| |the transaction instances; | |
| |process involves transmitting | |
| |a message defining a | |
| |transaction instance of the | |
| |transaction instances to a | |
| |transaction destination of the| |
| |transaction instance. | |
|System and Method for Varying Electronic |Request for new terms for |Settlement under new terms. |
|Settlements Between Buyers and Suppliers |settlements having established| |
|with Dynamic Discount Terms; US 8,108,296 |terms; process involves a lot |Frip: A patent on talking back and forth.|
|B2; January 31, 2012; Class 705/37; 19 |of back and forth. | |
|claims; assigned to JPMorgan Chase Bank, | | |
|N.A. | | |
|Methods and Systems Related to Trading |Data describing a trading |Selection of trading algorithm or |
|Events; US 8,108,299 B1; January 31, 2012; |order; pre-established |algorithms. |
|Class 705/37; 27 claims; assigned to |conditions; process involves | |
|Pipeline Financial Group, Inc. |determining whether to switch |Frip: Seen one algorithm, seen them all. |
| |trading algorithms. | |
|Systems and Methods for Determining the |Application information that |Determination of an indication |
|Likelihood that a Loan Closes; US 8,108,302 |includes at least borrower |representing a likelihood that the |
|B1; January 31, 2012; Class 705/38; 9 |information, property |mortgage loan may result in closing. |
|claims; assigned to Freddie Mac. |information, and a first | |
| |interest rate; home value |Frip: Shouldn’t you guys be concentrating|
| |information; a second interest|on keeping Paul Ryan & Co. at bay? |
| |rate. | |
| |
|February 7, 2012 |
| |
|Total 705 Class patents issued: 79 |
|Data In-Data Out patents: at the very least, 8 |
|PATENT |DATA IN |DATA OUT |
|Financial Assessment Systems and Methods; US|Financial data pertaining to |Financial recommendations and synopsis |
|8,112,332 B1; February 7, 2012; Class |an individual; business rules |view of a financial plan. |
|705/35; 22 claims; assigned to USAA. |for analyzing the financial | |
| |data. |Frip: The synopsis view of your financial|
| | |plan? Bend over, grab your ankles, pull |
| | |your head between your legs, and kiss |
| | |your a** goodbye. |
|Systems and Methods for Processing Pricing |First data comprising a first |Price quote based on the first or second |
|Data; US 8,112,335 B2; February 7, 2012; |price source, a first market |data. |
|Class 705/35; 18 claims; assigned to |condition, and a currency | |
|Barclays Capital Inc. |pair; second data comprising a|Frip: Them Brits are a funny lot. |
| |second price source; process | |
| |involves determining a price | |
| |source by selecting between | |
| |the first price source and | |
| |second price source based on | |
| |the first market condition. | |
|Method and System for Clearing Financial |Electronic files of items |Disposition of an item by clearing, or by|
|Instruments; US 8,112,337 B2; February 7, |containing data scanned from |storing and then clearing, or maybe by |
|2012; Class 705/35; 27 claims; assigned to |financial instruments |something else. |
|Keycorp. |including an amount of each | |
| |instrument; rule to sort the |Frip: You would think clearing would be a|
| |items by determining whether |simple matter. |
| |an item may be stored or | |
| |forwarded for clearing without| |
| |storage; system includes a | |
| |cost of clearing an instrument| |
| |the varies with the time of | |
| |day, and stuff. | |
|Collateralized Debt Obligation Evaluation |User input selecting a |Report of result relating to the scenario|
|System and Method; US 8,112,340 B2; February|scenario or feature; data |default rate, and other stuff. |
|7, 2012; Class 705/36R; 31 claims; assigned |related to a portfolio of | |
|to Standard & Poor’s Financial Services LLC.|securitized assets; process |Frip: How’s your n.sup.th to default |
| |involves determining a |basket today? Mine could use a shot of ED|
| |scenario default rate using a |medicine. |
| |beta distributed recovery, a | |
| |counterparty risk, a loss | |
| |given default, or a non-zero | |
| |inter-sector correlation, or | |
| |modeling a short position | |
| |scenario, a n.sup.th to | |
| |default basket, a forward | |
| |start date, and an equity | |
| |default swap. | |
|System and Method for Determining the |Age and size of a bond; |Liquidity score, which is a combination |
|Liquidity of a Credit; US 8,112,341 B2; |process involves determining |of at least the raw score and the applied|
|February 7, 2012; Class 705/36R; 15 claims; |(1) a raw score that is a |issuer premium. |
|assigned to Goldman Sachs & Co. |function of the age and size | |
| |of the bond and (2) an applied|Frip: So simple yet so perceptive. |
| |issuer premium associated with| |
| |the bond. | |
|Capital Markets High Performance Capability |Multidimensional capital |Performance level of a capital markets |
|Assessment; US 8,112,343 B1; February 7, |markets industry performance |business including the identification of |
|2012; Class 705/36R; 15 claims; assigned to |reference set comprising |specific areas in which improvements may |
|Accenture Global Services Limited (Ireland).|multiple key assessment |be made, of how to make the improvements,|
| |performance reference tables; |and of appropriate intermediate steps. |
| |input specifying a capital | |
| |markets industry area and a |Frip: Ah, the Irish. As always, doing the|
| |capital markets industry key |tough work. |
| |assessment area with the | |
| |capital markets industry area | |
| |for analysis. | |
|Method, System, and Storage Medium for |Customer data at a point of |Invitation to open a charge account. |
|Pre-Screening Customers for Credit Card |sale system; process involves,| |
|Approval at a Point of Sale; US 8,112,349 |during a checkout process, |Frip: Look, all I wanted was to buy |
|B2; February 7, 2012; Class 705/37; 64 |transmitting the customer data|toothpaste. |
|claims; assigned to General Electric |to a server, searching a | |
|Company. |database for the customer | |
| |data, and based upon results | |
| |of the searching, performing a| |
| |credit worthiness check and | |
| |providing the customer with an| |
| |invitation to open a charge | |
| |account. | |
|Computerized Trading System; US 8,112,350 |Orders for hedged financial |Orders expressed in terms of standardized|
|B2; February 7, 2012; Class 705/37; 37 |instruments from users, each |spread-over yields. |
|claims; assigned to Patshare Limited (UK). |hedged financial instrument | |
| |comprising at least one |Frip: Just put your order in any old way.|
| |interest rate swap hedged |We’ll tell you what you really want. |
| |against at least one futures | |
| |contract, each instrument | |
| |having a non-universally | |
| |agreed pricing mechanism, the | |
| |orders being expressed in | |
| |terms of a user-defined | |
| |spread-over yield. | |
| |
|February 14, 2012 |
| |
|Total 705 Class patents issued: 95 |
|Data In-Data Out patents: at the very least, 8 |
|PATENT |DATA IN |DATA OUT |
|System for Evaluating Potential Claim |Historical claim data. |Categorized and aggregated historical |
|Outcomes Using Related Historical Data; US | |claim data. |
|8,117,043 B2; February 14, 2012; Class | | |
|705/13; 10 claims; assigned to Hartford Fire| |Frip: Massage a little data, get a little|
|Insurance Company. | |patent. |
|Method and System for Identifying Fraudulent|Information and an initial |Refusal of account if risk level is too |
|Account Activity; US 8,117,097; February 14,|deposit from a customer; |high, flagging and monitoring for |
|2012 B2; Class 705/30; 18 claims; assigned |process involves applying an |accounts with lower risk levels |
|to Citizens Financial Group, Inc. |algorithm to analyze the | |
| |account record information and|Frip: Computer say you are lying, |
| |initial deposit to assign a |thieving b******. |
| |risk level from high to low to| |
| |the customer based on the | |
| |nature of the information and | |
| |the initial deposit. | |
|Flexible and Adaptive Accrual Method and |User’s financial data. |Optimal payment schedules for financial |
|Apparatus for Calculating and Facilitating | |obligations such as taxes. |
|Compliance with Taxes and Other Obligations;| | |
|US 8,117,098 B2; February 14, 2012; Class | |Frip: Maybe Accounting 301? |
|705/31; 13 claims; assigned to DynaTax | | |
|Solutions, Ltd. | | |
|System and Method for Assisted Awareness; US|A triggerable event associated|Alert to user when a particular event |
|8,117,102 B1; February 14, 2012; Class |with a tradeable object; data |occurs and contextual feedback to the |
|705/35; 28 claims; assigned to Trading |feed including information for|user regarding the same. |
|Technologies International, Inc. |the tradeable object. | |
| | |Frip: Contextual feedback. Can’t ask for |
| | |more than that, eh? |
|Method and Systems for Operationalizing |Characterization of a former |Comparative evaluation of the future |
|Process Excellence; US 8,117,103 B2; |process using lean tools |process relative to the former process |
|February 14, 2012; Class 705/35; 18 claims; |including at least a |using results from the lean tools |
|assigned to Bank of America Corporation. |cost-of-poor-process (COPPO) |including the COPPO tool, the |
| |tool, a takt-o-meter, and an |takt-o-meter, and the operating |
| |operating efficiency model; |efficiency model. |
| |characterization of a future | |
| |process using the same lean |Frip: OK, BofA, stop yanking our chain. |
| |tools. | |
|Proxies for Actively Managed Funds; US |Public information about an |Published contents of the weighted group |
|8,117,108 B2; February 12, 2012; Class |actively managed fund; process|of financial assets, the expected |
|705/37; 37 claims; assigned to FMR LLC. |involves selecting a group of |valuation of the weighted group of |
| |financial assets, determining |financial assets being within a threshold|
| |a group of weights |percentage of an expected valuation of |
| |corresponding to the group of |the actively managed fund. |
| |financial assets, and thereby | |
| |determining a weighted group |Frip: So your choice is to lose your |
| |of financial assets. |money on a real fund or a proxy fund. |
|System and Method for Activity Based |Past trading activity; process|Margin requirements. |
|Margining; US 8,117,115 B2; February 14, |involves correlating a | |
|2012; Class 705/37; 18 claims; assigned to |trader’s monitored activity |Frip: Fine-tuning the nuts and bolts of |
|Chicago Mercantile Exchange Inc. |with an assessment of risk. |trading. Maybe. |
|System and Method for Implementing a |Customer application for |Decisions and other stuff. |
|Consolidated Application Process; US |services; process allows | |
|8,117,121 B2; February 14, 2012; Class |customers of a networked |Frip: JP got ya’ by the short hairs. |
|705/38; 21 claims; assigned to JPMorgan |service provider to apply for | |
|Chase Bank, N.A. |a variety of networked | |
| |services on one dynamically | |
| |assembled consolidated | |
| |application and enables them | |
| |to receive real time | |
| |decisioning on their | |
| |application status for many | |
| |products. | |
| |
|February 21, 2012 |
| |
|Total 705 Class patents issued: 109 |
|Data In-Data Out patents: at the very least, 16 |
|PATENT |DATA IN |DATA OUT |
|Comparing Taxonomies; US 8,121,875 B2; |Comparison sample comprising a|Comparison of the first applied data set |
|February 21, 2012; Class 705/7.11; 15 |part of a first taxonomy and a|and the second applied data set.. |
|claims; assigned to Morgan Stanley. |part of a second taxonomy, the| |
| |term "taxonomy" referring to a|Frip: Patenting a taxonomy. Interesting. |
| |set of definitional | |
| |relationships between | |
| |quantities; process involves | |
| |applying the part of the first| |
| |taxonomy and the part of the | |
| |second taxonomy to a common | |
| |data set to generate a first | |
| |applied data set and a second | |
| |applied data set. | |
|Generating Financial Plans Using a Personal |Data feeds from an |One or more financial plans for the |
|Information Aggregator; US 8,121,915 B1; |individual's personal |individual. |
|February 21, 2012; Class 705/35; 31 claims; |information aggregator. | |
|assigned to Resource Consortium Limited | |Frip: Me little woman is me personal |
|(British Virgin Islands). | |information aggregator. |
|Method and System for Risk-Hedging in |An investment cost and a |Project portfolio and the threshold |
|Project Management; US 8,121,916 B2; |return for each available |probability of success for each available|
|February 21, 2012; Class 705/35; 4 claims; |project and user-specified |project. |
|assigned to IBM. |constraints; process involves | |
| |creating a formulation |Frip: Big Blue, puttin’ stuff in |
| |comprising the investment cost|perspective. |
| |and the return for each | |
| |available project, the | |
| |constraints, and variables, | |
| |the variables comprising for | |
| |each available project a | |
| |threshold probability of | |
| |success and a selection | |
| |decision. | |
|Using Commercial Share of Wallet to Manage |Myriad financial data; process|A business’s (1) commercial size of |
|Vendors; US 8,121,918 B2; February 21, 2012;|involves modeling industry |spending wallet ("CSoSW"), which is the |
|Class 705/35; 18 claims; assigned to |spending patterns using |total business spend of a business |
|American Express Travel Related Services |individual corporate data and |including cash but excluding bartered |
|Company, Inc. |aggregate corporate data, |items and (2) commercial share of wallet |
| |including financial statement |("CSoW"), which is the portion of the |
| |data. |spending wallet that is captured by a |
| | |particular financial company, and other |
| | |stuff. |
| | | |
| | |Frip: For an old guy, this share of |
| | |wallet stuff is puzzling. |
|System and Method of Detecting Mortgage |Mortgage data associated with |Report comprising data indicative of |
|Related Fraud; US 8,121,920 B2; February 21,|an applicant; historical |whether the applicant’s mortgage data is |
|2012; Class 705/35; 28 claims; assigned to |mortgage data; process |associated with a fraudulent transaction.|
|Corelogic Information Solutions, Inc. |involves modeling and risk | |
| |factors. |Frip: How about a fraud patent on |
| | |flipping a coin? Heads, you have fraud; |
| | |tails, you don’t. |
|System and Method for Flexible Spread |Portfolio of derivative |A risk offset for the portfolio based on |
|Participation; US 8,121,926 B2; February 21,|products; process involves |at least the portion of the risk offset |
|2012; Class 705/36R; 14 claims; assigned to |creating predefined sets of |of the second subset of two or more |
|Chicago Mercantile Exchange, Inc. |products for the purpose of |products characterizing the third subset |
| |future risk offsets, and doing|of two or more products and the computed |
| |stuff with them. |risk offset of the products of the first |
| | |subset of three or more products |
| | |identified by the fourth subset of one or|
| | |more products. |
| | | |
| | |Frip: Hey Baby, that’s Chicago. Now pay |
| | |your dues and shut up. |
|Fuel Offering and Purchase Management |Strike price and pricing input|Fuel offering at an offer price comprised|
|System; US 8,121,930 B2; February 21, 2012; |factors; process involves |of the adjusted strike price, the premium|
|Class 705/37; 56 claims; assigned to Goldman|setting a strike price for a |price, or both. |
|Sachs & Co. |fuel offering, determining a | |
| |premium price associated with |Frip: Something goin’ on here. |
| |the strike price, monitoring | |
| |customer purchases of the fuel| |
| |offering that specifies at | |
| |least a quantity of fuel and a| |
| |tenor and customer exercises | |
| |of the purchases during the | |
| |specified tenor, and adjusting| |
| |the strike price, the premium | |
| |price, or both based on the | |
| |monitored information. | |
|Fuel Offering and Purchase Management |Commodity offering terms and |Modification of the commodity offering |
|System; US 8,121,931 B2; February 21, 2012; |commodity offering pricing |pricing model based on the customer |
|Class 705/37; 62 claims; assigned to Goldman|model; process includes |behavior database, and stuff. |
|Sachs & Co. |providing the commodity | |
| |offering for selection by a |Frip: Nah, not really anything goin’ on. |
| |customer, receiving a customer| |
| |selection of an association | |
| |between the strike price and | |
| |the premium, providing payment| |
| |for some portion of a | |
| |commodity purchase for an | |
| |exercised commodity offering | |
| |wherein the strike price of | |
| |the commodity offering is less| |
| |than a local retail commodity | |
| |price, and recording customer | |
| |behavior in a customer | |
| |behavior database. | |
|Fuel Offering and Purchase Management |Commodity offering term for a |Payment for some portion of a commodity |
|System; US 8,121,932 B2; February 21, 2012; |commodity offering wherein |purchase for an exercised commodity |
|Class 705/37; 61 claims; assigned to Goldman|setting the commodity offering|offering subject to the geographic zone |
|Sachs & Co. |term is based on a customer |exercise restriction when the strike |
| |specification; process |price of the exercised commodity offering|
| |involves setting at least one |is less than a local retail commodity |
| |geographic zone exercise |price. |
| |restriction based on the | |
| |customer specification for the|Frip: But three patents spouting what |
| |commodity offering, |appears to be gibberish? That’s got to be|
| |determining at least one |something. Right? |
| |commodity offering pricing | |
| |value based on the geographic | |
| |zone exercise restriction and | |
| |stuff, and providing the | |
| |commodity offering when the | |
| |determined commodity offering | |
| |pricing value is between a | |
| |strike price and a premium. | |
|System, Method and Program for Preventing |Order from a trader to trade |If gaming is occurring, setting a price |
|Gaming in a Trading System; US 8,121,933 B1;|securities in an alternative |collar for the order, and submitting the |
|February 21, 2012; Class 705/37; 36 claims; |trading system; process |order to the alternative trading system |
|assigned to ITG Software Solutions, Inc. |involves determining if gaming|with the price collar. |
| |is occurring. | |
| | |Frip: What, me gaming the system?! I’m |
| | |shocked, shocked, to be thusly accused! |
|System and Method for Trading Packaged |Market data; process involves |Exchanged-listed collar package, with |
|Collar Options on an Exchange; US 8,121,934 |creating and trading packaged |orders for the collars being processed by|
|B2; February 21, 2012; Class 705/37; 9 |standard options collars on an|matching orders for opposite positions in|
|claims; assigned to Chicago Board Options |exchange, collars having |the collar. |
|Exchange Incorporated. |opposite positions in | |
| |out-of-the-money call and |Frip: Collars? This isn’t some sort of |
| |out-of-the-money put option |adult entertainment, is it? |
| |contracts based on the same | |
| |underlying asset. | |
|Foreign Currency Index; US 8,121,936 B2; |Foreign currency exchange |Foreign currencies indexed financial |
|February 21, 2012; Class 705/37; 19 claims; |rates; process includes |instrument. |
|assigned to Chicago Mercantile Exchange, |calculating a geometric | |
|Inc. |average of the exchange rates |Frip: How much is that in dollars? |
| |of foreign currencies with | |
| |corresponding competitive | |
| |weights that reflect | |
| |competition between the goods | |
| |of the United States and a | |
| |country corresponding to the | |
| |foreign currency in the | |
| |markets of third countries. | |
|Gaming Industry Risk Management |Data relevant to the Gaming |Information pertinent to risks associated|
|Clearinghouse; US 8,121,937 B2; February 21,|Industry from multiple |with subjects related to the Gaming |
|2012; Class 705/38; 32 claims; assigned to |sources; transaction data; |Industry, and stuff. |
|Goldman Sachs & Co. |process involves aggregating | |
| |the gathered data according to|Frip: Goldman lookin’ to place a few |
| |one or more risk variables. |bets? |
|Method and Apparatus for a Model Assessing |Account receivable data and |Probability of a credit or collection |
|Debtor Behavior; US 8,121,939 B2; February |payment data of a debtor from |event of the debtor with respect to at |
|21, 2012; Class 705/38; 22 claims; assigned |multiple creditors. |least one of the creditors. |
|to Predictive Metrics, Inc. | | |
| | |Frip: Life is gettin’ hard for us |
| | |deadbeats. |
|Consumer Behaviors at Lender Level; US |Data on lenders derived from |Ratings for lenders based on data derived|
|8,121,940 B2; February 21, 2012; Class |analyzing their consumers. |from their respective consumers and on |
|705/38; 20 claims; assigned to American | |the predicted spend capacity of their |
|Express Travel Related Services Company, | |consumers. |
|Inc. | | |
| | |Frip: Don’t p*** off the Man. |
|Financial Account Management; US 8,121,943 |User-defined rules. |Management of multiple accounts across |
|B2; February 21, 2012; Class 705/39; 20 | |multiple financial institutions in |
|claims; assigned to FMR LLC. | |accordance with the user-defined rules. |
| | | |
| | |Frip: Well, la-de-da. Somebody’s got |
| | |multiple accounts. Must be a |
| | |one-percenter. |
| |
|February 28, 2012 |
| |
|Total 705 Class patents issued: 99 |
|Data In-Data Out patents: at the very least, 10 |
|PATENT |DATA IN |DATA OUT |
|Method and System for Evaluating Insurance |Financial data related to a |Estimation of financial modeling |
|Liabilities Using Stochastic Modeling and |population of financial data |outcomes. |
|Sampling Techniques. US 8,126,747 B2; |records and segmented into a | |
|February 28, 2012; Class 705/4; 20 claims; |number of classes, wherein the|Frip: All models show you broke. But so |
|assigned to Watson Wyatt & Company. |class segments are mutually |is everyone else. |
| |exclusive and collectively | |
| |exhaustive of the financial | |
| |data; scenario data for a set | |
| |of scenarios, wherein each of | |
| |the scenarios is defined at | |
| |least in part by a set of | |
| |variables, and wherein the | |
| |scenario data for each of the | |
| |scenarios comprise at least | |
| |some parameter values for the | |
| |set of variables. | |
|System for Cost-Sensitive Autonomous |Data indicative of desired |Desired information. |
|Retrieval and Extraction; US 8,126,790 B2; |information; process involves | |
|February 28, 2012; Class 705/35; 1 claim; |a multi-agent system that |Frip: Sorta like one of the existing |
|assigned to General Electric Company. |includes data provider filter |search engines, not that they are prior |
| |agents associated with one or |art, mind you. |
| |more information sources, the | |
| |data provider filter agents | |
| |being configured to search for| |
| |the desired information within| |
| |the respective information | |
| |sources based on an assessment| |
| |of the information sources. | |
|Methods and Systems for Providing a Decision|Financial transaction data |Converted scores. |
|Making Platform; US 8,126,791 B2; February |from multiple input channels, | |
|21, 2012; Class 705/35; 20 claims; assigned |each input channel associated |Frip: Your scores all convert to zero. |
|to MasterCard International Inc. |with a financial transaction | |
| |data format; process involves | |
| |converting the financial | |
| |transaction data into a common| |
| |data format and enriching the | |
| |converted data by scoring the | |
| |data across multiple scoring | |
| |engines. | |
|Systems and Methods for Initial Sampling in |Portfolio data; objectives; |Fused efficient frontier for use in |
|Multi-Objective Portfolio Analysis; US |constraints; process involves |investment decisions. |
|8,126,795 B2; February 28, 2012; Class |generating an initial | |
|705/36R; 18 claims; assigned to General |population of solutions of |Frip: Fuse my frontier!? Like hell you |
|Electric Company. |portfolio allocations to |will. |
| |substantially cover a | |
| |portfolio configuration space | |
| |having dimensions defined by | |
| |competing objectives and | |
| |multiple constraints, | |
| |performing a first | |
| |multi-objective process to | |
| |generate a first interim | |
| |efficient frontier in a | |
| |portfolio performance space | |
| |having at least three | |
| |dimensions, and performing a | |
| |second multi-objective process| |
| |to generate a second interim | |
| |efficient frontier in the | |
| |portfolio performance space. | |
|System and Method for Displaying Simple |Pricing information for |Complex analysis of multiple technical |
|Binary Elements for Multiple Technical |multiple issues, wherein the |analysis indicators, and generated |
|Analysis Indicators Representing the Status |pricing information indicates |multiple binary elements. |
|of an Equity Issue for Simplified Decision |for each of the issues at | |
|Making; US 8,126,797 B2; February 28, 2012; |least a series of trading day |Frip: One binary element to go please. |
|Class 705/36R; 17 claims; assigned to |closing prices; process | |
|Positive Territory, Inc. |involves performing complex | |
| |analysis of multiple technical| |
| |analysis indicators, | |
| |generating multiple binary | |
| |elements, and presenting the | |
| |results of the analysis to a | |
| |user. | |
|System and Method for Margin Loan |Data for multiple brokerage |Securitized margin loans. |
|Securitization; US 8,126,798 B1; February |accounts; process provides for| |
|28, 2012; Class 705/36R; 20 claims; assigned|flagging a group of accounts |Frip: Charlie Schwab, goin’ for the |
|to Charles Schwab & Co. |that collectively are |one-percenters. |
| |representative of a portfolio | |
| |of marginable accounts held by| |
| |a brokerage company; process | |
| |also involves generating a | |
| |general ledger for a brokerage| |
| |company, a special purpose | |
| |vehicle (SPV), and a trust, | |
| |wherein these general ledgers | |
| |track the sale of margin loans| |
| |belonging to the flagged | |
| |accounts, from the brokerage | |
| |company to the trust via the | |
| |SPV. | |
|System and Method for Estimating Order |Streaming market updates for |Dynamic display of an indicator |
|Position; US 8,126,801 B2; February 28, |an order quantity pending in |representing the estimated position for |
|2012; Class 705/37; 18 claims; assigned to |an order queue of an |the order pending execution in the order |
|Trading Technologies International, Inc. |electronic exchange; process |queue. |
| |involves estimating a position| |
| |for an order pending execution|Frip: Dynamic things are scary. |
| |in the order queue of the | |
| |electronic exchange. | |
|Automated Float Pricing for Geographically |Semi-dynamic information for |Float assignment for a deposit credit |
|Distributed Deposits and Accounts; US |multiple accounts from |based at least in part on the normalized |
|8,126,803 B2; February 28, 2012; Class |multiple disparate demand |market segment assigned to the deposit |
|705/38; 24 claims; assigned to Bank of |deposit account systems; |credit and the corresponding account so |
|America Corporation. |process involves normalized |that the float reflects both a deposit |
| |market segments and stuff. |location and the current domestic |
| | |information for the corresponding |
| | |account. |
| | | |
| | |Frip: And for Joe Sixpack Consumer, this |
| | |means what? |
|Decision Support Systems and Methods for |Operation data; process uses |Graphical representations of contingency |
|Complex Networks; US 8,126,804 B2; February |algorithms and visual analytic|scenarios superimposed over one another |
|28, 2012; Class 705/38; 15 claims; assigned |techniques to enhance the |with risk indices, and trending |
|to Battelle Memorial Institute. |processing of large amounts of|historical risk indices based on their |
| |operation data to provide |graphical representations to predict |
| |decision support for human |future network conditions, and so much |
| |operators of complex networks,|more. |
| |and stuff. | |
| | |Frip: Well over Frip’s head. |
|System and Method for Revolving Credit |Application for a revolving |Offer to the applicant of one or more |
|Product Offer Customization; US 8,126,805 |credit product from an |revolving credit products. |
|B2; February 28, 2012; Class 705/39; 20 |applicant; process involves | |
|claims; assigned to Argus Information and |identifying one or more of the|Frip: Look, all I wanted was a freakin’ |
|Advisory Services, LLC. |revolving credit product |credit card. |
| |issuer's objectives, | |
| |determining the applicant’s | |
| |profile, and creating and | |
| |ranking revolving credit | |
| |products to be offered to the | |
| |applicant. | |
| |
|March 6, 2012 |
| |
|Total 705 Class patents issued: 97 |
|Data In-Data Out patents: at the very least, 17 |
|PATENT |DATA IN |DATA OUT |
|Method and System for Evaluating Insurance |Financial data related to a |Cumulative model outcome that has a |
|Liabilities Using Stochastic Modeling and |population of financial data |distribution within a pre-determined |
|Sampling Techniques; US 8,131,571 B2; March |records and segmented into a |acceptable tolerance limit. |
|6, 2012; Class 705/4; 30 claims; assigned to|number of classes, wherein the| |
|Watson Wyatt & Company. |class segments are mutually |Frip: Statistics 401. |
| |exclusive and collectively | |
| |exhaustive of the financial | |
| |data; scenario data for a set | |
| |of scenarios, wherein each of | |
| |the scenarios is defined at | |
| |least in part by a set of | |
| |variables, and wherein the | |
| |scenario data for each of the | |
| |scenarios comprise at least | |
| |some parameter values for the | |
| |set of variables. | |
|Program Generator for Hedging the Guaranteed|Selection of hedging |Program for hedging guaranteed benefits |
|Benefits of a Set of Variable Annuity |instruments; user-selected |of a set of variable annuity contracts. |
|Contracts; to Genesis Financial Products, |projection mode; process | |
|Inc. (Canada). |involves stuff like vectorized|Frip: At the very least, being vectorized|
| |integrated scenario sets and |sounds kinda kinky. |
| |multi-threaded vectorized | |
| |calculations. | |
|Using Commercial Share of Wallet to Compile |Company financial data; |Process involves estimating annual |
|Marketing Company Lists; US 8,131,614 B2; |process involves modeling |commercial size of spending wallet value |
|March 6, 2012; Class 705/35; 7 claims; |industry spending patterns. |for credit network customers and |
|assigned to American Express Travel Related | |prospects, or something. |
|Services Company, Inc. | | |
| | |Frip: This size of wallet stuff is |
| | |perplexing for the uninitiated. |
|Incremental Factorization-Based Smoothing of|Historical data; process |A final approximate risk value that can |
|Sparse Multi-Dimensional Risk Tables; US |involves incremental |be used subsequently in a statistical |
|8,131,615 B2; March 6, 2012; Class 705/35; 8|factorization-based smoothing |model, the statistical model enabling a |
|claims; assigned to Fair Isaac Corporation. |of sparse multi-dimensional |determination to be made whether |
| |risk tables. |transaction data is to be classified as |
| | |fraudulent. |
| | | |
| | |Frip: Sounds like a job opportunity for |
| | |someone in the field of incremental |
| | |factorization-based smoothing. |
|Enhanced System and Method for Managing |Market information. |Graphical depiction of the financial |
|Financial Market Information; US 8,131,618 | |market information, the depiction |
|B2; March 6, 2012; Class 705/35; 28 claims; | |including a multidimensional |
|assigned to CFPH, LLC. | |representation of a broad range of market|
| | |information for at least two financial |
| | |instruments. |
| | | |
| | |Frip: Doesn’t TTI already have about 300 |
| | |patents on this? |
|Financial Instrument Selection and Weighting|Selection and weighting |A financial instrument. |
|System and Method; US 8,131,620 B1; March 6,|criteria; process involves | |
|2012; Class 705/36R; 21 claims; assigned to |constructing primary indices, |Frip: And so, another bit of dark money |
|WisdomTree Investments, Inc. |derivative indices, other |mysteriously materializes. |
| |derivative indices, and so on.| |
|Customizable Trading Display of Market Data;|Market instrument data; |Graphic display showing the subset of |
|US 8,131,625 B2; March 6, 2012; Class |process includes selecting a |quadrants and each quadrant including the|
|705/37; 20 claims; assigned to BGC Partners,|subset from multiple |associated market data. |
|Inc. |quadrants, each quadrant being| |
| |associated with one benchmark |Frip: I’m puttin’ all my chips on the |
| |instrument and at least one |sixth quadrant. What, there are only four|
| |non-benchmark instrument, each|quadrants? |
| |non-benchmark instrument being| |
| |associated with the benchmark | |
| |instrument. | |
|Customizable Trading Display of Market Data;|Market instrument data; |Graphic display showing the subset of |
|US 8,131,626 B2; March 6, 2012; Class |process includes selecting a |quadrants and each quadrant including the|
|705/37; 25 claims; assigned to BGC Partners,|subset from multiple |associated market data. |
|Inc. |quadrants, each quadrant being| |
| |associated with one benchmark |Frip: This patent has 25 claims. The |
| |instrument and at least one |preceding appears almost identical but |
| |non-benchmark instrument, each|has 20 claims. So there is a difference. |
| |non-benchmark instrument being|Trust me. |
| |associated with the benchmark | |
| |instrument. | |
|Method and System for Displaying and Trading|Price and quantity information|Graphic display of direct and indirect |
|Spreads; US 8,131,629 B1; March 6, 2012; |for tradeable objects; process|price and quantity information for |
|Class 705/37; 62 claims; assigned to Trading|involves computing implied |spreads in a manner that shows the |
|Technologies International, Inc. |price and quantity information|relationship with each other and with the|
| |for spreads of the tradeable |price and quantity information for the |
| |objects. |tradeable objects. |
| | | |
| | |Frip: TTI, never a week goes by. |
|Trade Order Routing; US 8,131,630 B2; March |Trading information for a |Routed trading order. |
|6, 2012; Class 705/37; 20 claims; assigned |first market center; trading | |
|to BGC Partners, Inc. |information for a second |Frip: BGC sends a zinger back to TTI! |
| |market center; trading order; | |
| |process involves routing the | |
| |trading order. | |
|System and Method for Selectively Displaying|Market information; predefined|Graphic display of market data for a |
|Market Information Related to a Plurality of|movement of a user input |selected tradeable object. |
|Tradeable Objects; US 8,131,631 B2; March 6,|device in relation to multiple| |
|2012; Class 705/37; 20 claims; assigned to |tradeable object indicators. |Frip: TTI, with a behind-the-back cross |
|Trading Technologies International, Inc. | |court winner! |
|System and Method for Determining the Market|Data on financial instruments |Margin risk calculation based on a risk |
|Risk Margin Requirements Associated with a |within a portfolio; process |percentile associated with a spread |
|Credit Default Swap; US 8,131,634 B1; March |involves determining a |distribution. |
|6, 2012; Class 705/37; 18 claims; assigned |time-series of returns for | |
|to Chicago Mercantile Exchange Inc. |financial instruments within |Frip: Think government regulations are |
| |the portfolio, calculating |the source of all complexity? You don’t |
| |residuals and volatilities as |find many student-t copulas in government|
| |a function of the time-series |regs. |
| |of returns, applying a | |
| |student-t copula to determine | |
| |a correlation matrix and | |
| |degrees-of-freedom, and a | |
| |whole bunch more. | |
|Method and System to Manage a Credit |Periodic review of the status |Risk review if necessary to determine |
|Portfolio and to Trigger Credit Actions; US |of a creditor or creditors |actions to reduce exposure or loss. |
|8,131,635 B2; March 6, 2012; Class 705/38; |that has or have outstanding | |
|33 claims; assigned to Bank of America |loans from the user entity; |Frip: Creditors, debtors, is BofA |
|Corporation. |process involves searching for|confusing the two? |
| |triggers indicative of | |
| |concerns. | |
|System and Method for Performing Financial |Risk factors and associated |Action corresponding to a severity if one|
|Transactions on a Network; US 8,131,636 B1; |severities, held in a remote |of the risk factors is detected. |
|March 6, 2012; Class 705/38; 22 claims; |policy database, the | |
|assigned to Ensenta Corporation. |severities defining actions |Frip: Please, no more severities! I |
| |taken when a specific risk |promise to do better! |
| |factor is detected; deposit | |
| |data from a kiosk over a | |
| |network; process involves | |
| |applying the risk factors to | |
| |the deposit data. | |
|Predictive Model for Use in Providing an |Representative loans, each |Aggregated profitability metrics for |
|Equity Release Financial Product; US |loan being characterized by a |equity release products. |
|8,131,637 B1; March 6, 2012; Class 705/38; |borrower type and a mortality | |
|10 claims; assigned to Bank of America |table; joint interest rate and|Frip: You are just a bit in the financial|
|Corporation. |house price scenarios; process|system’s software of uncertainty. |
| |involves measuring | |
| |profitability metrics for | |
| |equity release (reverse | |
| |mortgage) products. | |
|System and Method for Assessing Operational |Defined participant set that |Market prices that correspond to a level |
|Risk Employing Market-Based Information |includes multiple members; |of risk associated with each of the |
|Processing; US 8,131,638 B2; March 6, 2012; |initial risk sources; process |initial risk sources. |
|Class 705/38; 19 claims; assigned to IBM. |involves assigning risk | |
| |certificates for each of the |Frip: You been kinda quiet for awhile. |
| |initial risk sources to each | |
| |of the members of the | |
| |participant set, and trading | |
| |the risk certificates among | |
| |the members to establish | |
| |market prices. | |
|Method and Apparatus for Estimating the |Time series consumer spending |Consumer purchasing ability. |
|Spend Capacity of Consumers; US 8,131,639 |data; point-in-time balance | |
|B2; March 6, 2012; Class 705/38; 20 claims; |information; internal customer|Frip: American Express is really into |
|assigned to American Express Travel Related |financial data; consumer panel|spend capacity, size of wallet, and all |
|Services, Inc. |information. |that stuff. |
| |
|March 13, 2012 |
| |
|Total 705 Class patents issued: 58 |
|Data In-Data Out patents: at the very least, 8 |
|PATENT |DATA IN |DATA OUT |
|Online Method and System for Fulfilling |Insurance claim inputs from |Services to consumers, insurers and other|
|Needs Resulting from Property and Other |any number of sources; |related commercial interests. |
|Similar Losses; US 8,135,599 B2; March 13, |“invention” functions as an | |
|2012; Class 705/4; 31 claims; assigned to |online claim report hub. |Frip: Interesting thing about this patent|
|Hartford Fire Insurance Company. | |is that, at first glance, the abstract, |
| | |claim 1, field of invention, and summary |
| | |of invention are describing different |
| | |things. |
|Application Risk and Control Assessment |Information about the risks |Risk scores, control scores, and other |
|Tool; US 8,135,605 B2; March 13, 2012; Class|and controls associated with |stuff. |
|705/7.28; 31 claims; assigned to Bank of |objects of study such as | |
|America Corporation. |various portfolios of software|Frip: Hey, BofA, did you guys run one of |
| |applications used by an |these studies before you bought |
| |organization. |Countrywide? |
|System and Method for Change Management and |Information in an accounting |If warranted, a changed version of the |
|Transaction Versioning; US, 8,135,633 B1; |system; request to modify a |transaction according to the modify |
|March 13, 2012; Class 705/30; 15 claims; |transaction of a closed |request, and other stuff. |
|assigned to Intuit Inc. |accounting period; system in | |
| |general allows post-closing |Frip: Back in the pre-computer days, when|
| |modifications of financial |the books were closed, the books were |
| |records, books, statements, |closed. |
| |reports, and what all. | |
|System and Method for Automatic Payment of |Financial information from a |Timely payment of obligations. |
|Financial Obligations; US 8,135,634 B2; |customer regarding a financial| |
|March 13, 2012; Class 705/31; 21 claims; |obligation such as an |Frip: Anything to help folks pay their |
|assigned to Dynatax Solutions, Inc. |estimated tax payment due to a|taxes (unless you are of the political |
| |taxing authority and a date by|persuasion that taxes are immoral). |
| |which the estimated tax or | |
| |other payment of a financial | |
| |obligation is due; process | |
| |involves periodically | |
| |impounding funds from an | |
| |account held by the customer. | |
|Summarizing Risk Ratings to Facilitate an |Information on business |Summarized risk rating. |
|Analysis of Risks; US 8,135,638 B2; March |functions and associated | |
|13, 2012; Class 705/35; 4 claims; assigned |risks; process involves |Frip: Big Blue, making things difficult. |
|to IBM. |categorizing, | |
| |sub-categorizing, weighting, | |
| |questionnaires, and stuff. | |
|Time Market Grid Interface; US 8,135,639 B2;|Command to initiate placement |On a graphic interface, an indicator |
|March 13, 2012; Class 705/35; 14 claims; |of a timed trade order. |dynamically moving over time relative to |
|assigned to Trading Technologies | |a time axis, the movement indicating a |
|International, Inc. | |time until the order will be |
| | |automatically sent to a computerized |
| | |matching process. |
| | | |
| | |Frip: But I changed my mind! How do I |
| | |stop this thing?! |
|System and Method for Trading Multiple |Market and trading |Display of information related to |
|Tradeable Objects Using a Single Trading |information. |tradeable objects using a single |
|Interface; US 8,135,641 B2; March 13, 2012; | |graphical interface, one example |
|Class 705/37; 20 claims; assigned to Trading| |graphical interface including at least |
|Technologies International, Inc. | |two screen regions displayed in relation |
| | |to each other, with each region including|
| | |multiple locations, each location in the |
| | |first screen region corresponding to a |
| | |value along a first value axis, and each |
| | |location in the second screen region |
| | |corresponding to a value along a second |
| | |value axis. |
| | | |
| | |Frip: The great thing about graphical |
| | |display patents is that the possible |
| | |number of “inventions” is infinite. |
|Consumer Authentication System and Method; |Authorization request message |Message indicating whether or not the |
|US 8,135,647 B2; March 13, 2012; Class |associated with a consumer |transaction is authorized. |
|705/67; 16 claims; assigned to Visa U.S.A. |conducting a transaction with | |
|Inc. |a portable consumer device; |Frip: Guess Mastercard will be paying |
| |process involves sending a |licensing fees to Visa. |
| |dynamic or semi-dynamic | |
| |challenge message to the | |
| |consumer, receiving a | |
| |challenge response message | |
| |from the consumer, and sending| |
| |an authorization response | |
| |message to the consumer. | |
| |
|March 20, 2012 |
| |
|Total 705 Class patents issued: 100 |
|Data In-Data Out patents: at the very least, 11 |
|PATENT |DATA IN |DATA OUT |
|System and Method for Determining an |Driver’s personal history; |Driver score based on the aggregate of |
|Objective Driver Score; US 8,140,359 B2; |risk assessment factors; |the individual weighted scores derived |
|March 20, 2012; Class 705/4; 20 claims; |results of monitoring the |from the risk assessment factors and the |
|assigned to F3M3 Companies, Inc. |driver’s operation of a |driver's risk assessment record. |
| |vehicle, the monitoring being | |
| |accomplished with a monitoring|Frip: Computer say you verily bad driver.|
| |unit in the vehicle; process |Insurance cost you a whole bunch. |
| |involves deriving a weighted | |
| |driver risk assessment score. | |
|System for Processing Insurance Coverage |Insurance coverage requests. |Processed request and storage thereof. |
|Requests; US 8,140,360 B2; March 20, 2012; | | |
|Class 705/4; 16 claims; assigned to IBM. | |Frip: Big Blue, processing data and |
| | |keeping records. |
|Tax Return Evaluation System; US 8,140,413 |Tax returns; profiles in a |An evaluation of the tax return, the |
|B2; March 20, 2012; Class 705/31; 20 claims;|database; process involves |evaluation including an indication of the|
|assigned to Accenture Global Services |determining a score for a tax |tax return’s potential to be a fraudulent|
|Limited (Irelant). |return from the comparing of |tax return. |
| |data fields from the tax | |
| |return to at least one stored |Frip: And if the tax return is |
| |profile, and determining |potentially fraudulent, so is the filer |
| |whether the tax return falls |of the tax return. Gotcha! |
| |within a trend. | |
|Automated Global Risk Management; US |Legal and reputational risk |A report. |
|8,140,415 B2; March 20, 2012; Class 705/35; |information related to a | |
|25 claims; assigned to Goldman Sachs & Co. |proposed financial |Frip: A patent on producing a report. |
| |transaction; process involves |Really. |
| |generating a structured | |
| |history, calculating a risk | |
| |quotient, determining | |
| |suitability, and suggesting | |
| |appropriate actions. | |
|Algorithmic Trading System and Method; US |Displayed market data for a |An order book for the tradable asset that|
|8,140,416 B2; March 20, 2012; Class 705/35; |tradable asset; process |includes displayed order volume and |
|14 claims; assigned to ITG Software |includes calculating (1) a |hidden order volume based on the results |
|Solutions, Inc. |probability of a hidden order |of the calculating steps. |
| |for a tradable asset as a | |
| |function of the measured |Frip: “Hidden Order”? Sounds nefarious. |
| |effective spread, the | |
| |mid-quote volatility, | |
| |additions between best bid and| |
| |ask, and additions less | |
| |cancellations, (2) a hidden | |
| |order volume between the best | |
| |bid and ask, and (3) a hidden | |
| |order price. | |
|Automatically Determining a Current Value |Attributes of a home; |Report on the valuation of the home. |
|for a Home; US 8,140,421 B1; March 20, 2012;|information about sales of | |
|Class 705/36; 17 claims; assigned to Zillow,|other homes; process involves |Frip: Another tool for real estate |
|Inc. |sub-models and weightings to |agents, as if they need it. |
| |obtain an overall valuation | |
| |for the home. | |
|Controlling an Order Slicer for Trading a |Order to trade a financial |Market orders, sub-orders, or whatever. |
|Financial Instrument; US 8,140,423 B2; March|instrument; process involves | |
|20, 2012; Class 705/37; 41 claims; assigned |controlling an order slicer |Frip: The word “slicer” is a little |
|to NYFIX, Inc. |for varying or replacing a |intimidating. |
| |trading strategy in response | |
| |to changing market conditions,| |
| |customer requirements, or | |
| |other factors, an order slicer| |
| |being a system that implements| |
| |computer algorithms for | |
| |deconstructing orders into | |
| |smaller sub-orders and sending| |
| |these sub-orders into the | |
| |market. | |
|Method and System for Generating and Trading|Closing prices of an |Volatility arbitrage benchmark value. |
|Derivative Investment Instruments Based on a|underlying instrument, such as| |
|Volatility Arbitrage Benchmark Index; US |a derivative investment |Frip: Volatility arbitrage. Sounds like |
|8,140,425 B2; March 20, 2012; Class 705/37; |instrument. |gibberish from a marriage counselor. |
|3 claims; assigned to Chicago Board Options | | |
|Exchange, Incorporated. | | |
|Systems, Methods and Computer Program |Real-time data regarding |Potential trade imbalance for an upcoming|
|Products for Adaptive Transaction Cost |changes in market conditions; |period, optimum trading strategy, and |
|Estimation; US 8,140,427 B2; March 20, 2012;|user-defined modeling |transaction cost estimate. |
|Class 705/37; 20 claims; assigned to ITG |constraints; other stuff. | |
|Software Solutions, Inc. | |Frip: A patent on optimization. Always a |
| | |winner. |
|System and Method for Graphically Displaying|Real-time market updates. |Graphical display of market related data,|
|Market Related Data Using Fixed Size Bars; | |such as traded volume at each price |
|US 8,140,428 B2; March 20, 2012; Class | |level, or any other trader-selected |
|705/37; 30 claims; assigned to Trading | |values, using one or more fixed size bars|
|Technologies International Inc. | |that may be color-coded and other stuff. |
| | | |
| | |Frip: A patent on color-coded bars in a |
| | |graphic display. Groovy, or as the kids |
| | |would say, cool. |
|Dynamic Financial Liability Management; US |Client liabilities and credit |Graphical and numeric financial outcome |
|8,140,431 B1; March 20, 2012; Class 705/39; |information. |for the household client, which may be |
|20 claims; assigned to MoneyAbility | |automatically loaded into a comprehensive|
|Technology, LLC. | |bill payment system. |
| | | |
| | |Frip: What every pensioner needs. |
| |
|March 27, 2012 |
| |
|Total 705 Class patents issued: 80 |
|Data In-Data Out patents: at the very least, 9 |
|PATENT |DATA IN |DATA OUT |
|Commercial Insurance Scoring System and |Policyholder data including |Profitability prediction for a commercial|
|Method; US 8,145,507 B2; March 27, 2012; |premium and loss data; |insurance policy. |
|Class 705/4; 26 claims; assigned to Deloitte|external business level data | |
|Development LLC. |and household demographics |Frip: You always lose when they compare |
| |data, the external data having|you to the norm. Accept it. |
| |variables to be used in | |
| |predicting the profitability | |
| |of an insurance policy. | |
|System and Method for Offering Risk-Based |Credit history data; process |Credit instrument tailored to and |
|Interest Rates in a Credit Instrument; US |involves reviewing data and |accepted by the offeree. |
|8,145,549 B2; March 27, 2012; Class 705/35; |interest rates, making an | |
|4 claims; assigned to JPMorgan Chase Bank, |offer about account terms, |Frip: Such personal service. Makes you |
|N.A. |receiving response, selecting |feel all warm and fuzzy. |
| |interest rate based on the | |
| |offeree’s credit risk score, | |
| |and providing credit | |
| |instrument. | |
|Field 55 Data Relationships; US 8,145,550 |Financial transaction data; |Updated customer data base that can be |
|B2; March 27, 2012; Class 705/35; 20 claims;|determining an issuer |used by the issuer for promotions and |
|assigned to Visa U.S.A. Inc. |associated with the financial |stuff. |
| |transaction data; querying a | |
| |subscription database for |Frip: The real point—promotion offers. |
| |subscription data associated | |
| |with the issuer, querying a | |
| |core database for processing | |
| |parameters associated with the| |
| |issuer, applying the | |
| |processing parameters to the | |
| |financial transaction data and| |
| |the subscription data; and | |
| |updating a customer exclusive | |
| |data association database with| |
| |the financial transaction | |
| |data. | |
|System and Method for Computer Implemented |User-definable rule sets |Collateral eligibility or ineligibility |
|Collateral Management; US 8,145,552 B2; |relating to a desired trade; |indication |
|March 27, 2012; Class 705/36R; 28 claims; |process involves searching for| |
|assigned to The Bank of New York Mellon. |accounts that could accept |Frip: The ol’ applying-an-algorithm |
| |potentially eligible security |patent. |
| |positions and determining an | |
| |eligibility of the potentially| |
| |eligible security positions as| |
| |collateral for a trade by | |
| |applying an algorithm. | |
|Flexible System and Method for Electronic |Market data associated with a |Message to buy or sell the tradeable |
|Trading; US 8,145,553 B2; March 12, 2012; |tradeable object, the market |object, the message including the |
|Class 705/36R; 24 claims; assigned to |data including quantity |converted order quantity parameter in the|
|Trading Technologies International Inc. |information in a flow-based |flow-based unit. |
| |unit; process involves | |
| |converting the quantity |Frip: Flow-based, quantity-based, no |
| |information in the flow-based |chance of confusion here. |
| |unit to quantity information | |
| |in a contract-based unit, | |
| |displaying the converted | |
| |quantity information on a | |
| |trading screen, and receiving | |
| |a message to initiate | |
| |placement of an order to buy | |
| |or sell, the message including| |
| |an order quantity parameter in| |
| |the contract-based unit. | |
|System and Method for Analyzing and |Security exchange trading |Continuously updated real-time chart |
|Displaying Security Trade Transactions; US |information that includes the |depicting the exchange auction process |
|8,145,558 B2; March 12, 2012; Class 705/37; |price, volume, and time of |whereby buyers and sellers agree to trade|
|15 claims; assigned to Trading Technologies |each trade; security exchange |at specified prices, including details of|
|International Inc. |market information from |individual transactions, the chart being |
| |buyers, specifying bide prices|formed by plotting each trade at the |
| |and quantities, and from |price traded, and for each plot point |
| |sellers, specifying asking |showing a distinctive icon indication |
| |prices and quantities. |whether the transaction was initiated by |
| | |a buyer or seller. |
| | | |
| | |Frip: TTI really, really loves this |
| | |graphic display stuff. |
|Detecting Fraudulent Activity on a Network; |User requests that are split |If fraudulent activity detected, |
|US 8,145,560 B2; March 27, 2012; Class |between data centers for |interdiction of the user to prevent |
|705/38; 19 claims; assigned to FMR LLC. |processing, the requests being|further fraudulent activity. |
| |captured and unified in a user| |
| |session; process involves |Frip: As a former Alaska Governor would |
| |analyzing the user session for|say, Gotcha’! |
| |fraud detection, marketing | |
| |analysis, network intrusion | |
| |detection, customer service | |
| |analysis, and performance | |
| |analysis. | |
|Systems and Methods for Supporting Extended |Customer-specified day of a |Decision on request. |
|Pay Date Options on an Insurance Policy; US |month and/or a request for | |
|8,145,564 B1; March 27, 2012; Class 705/38; |bimonthly withdrawals; process|Frip: Computer say you pay now! |
|21 claims; assigned to USAA. |involves analyzing against | |
| |data associated with the | |
| |insurance policies to | |
| |determine whether the day is | |
| |disallowed. | |
|Method and System for Notifying Customers of|High-risk transaction request |Notifications to customer. |
|Transaction Opportunities; US 8,145,566 B1; |associated with a customer; | |
|March 27, 2012; Class 705/39; 16 claims; |process involves determining |Frip: Betcha’ the process requires more |
|assigned to Citicorp Development Center, |the status of the customer as |passwords to remember. |
|Inc. |being either enrolled in a | |
| |notification system or not | |
| |enrolled in a notification | |
| |system, and if enrolled, | |
| |ascertaining the customer's | |
| |preferred method of | |
| |notification, formulating an | |
| |alert message including a | |
| |transaction code, and sending | |
| |the alert message to the | |
| |customer via the preferred | |
| |method, and more. | |
| |
|April 3, 2012 |
| |
|Total 705 Class patents issued: 79 |
|Data In-Data Out patents: at the very least, 13 |
|PATENT |DATA IN |DATA OUT |
|Flexible Varying Premium Option for |Variables, comprising at least|Combination long term care product that |
|Combination Products Including Long Term |an issue age, a targeted |couples the calculated set of benefits |
|Care Insurance; US 8,150,715 B1; April 3, |present value, and a |and the calculated charge schedule with a|
|2012; Class 705/4; 14 claims; assigned to |year-to-year premium |life insurance program or an annuity. |
|Strategic Health Management Corporation. |relationship; process | |
| |variables; process involves |Frip: Quick. Process, machine, |
| |calculating a set of benefits |manufacture, or composition of matter? |
| |and a corresponding charge | |
| |schedule. | |
|Revenue Assurance Analytics; US 8,150,744 |Multiple data feeds where each|Detected revenue assurance issues. |
|B2; April 3, 2012; Class 705/30; 19 claims; |data feed contains the same | |
|assigned to Fair Isaac Corporation. |logical component of the |Frip: Revenue Assurance Analytics. |
| |service activity; process |Exemplary consultant jargon. |
| |involves detecting revenue | |
| |assurance issues in the | |
| |service activity based on one | |
| |or more common linking keys | |
| |between disparate records | |
| |related to the logical | |
| |component. | |
|Global Account Reconciliation Tool; US |Transaction and account data |Master financial data. |
|8,150,746 B2; April 3, 2012; Class 705/30; |from various sources within an| |
|20 claims; assigned to American Express |organization; reconciling the |Frip: Patent on reconciliation process. |
|Travel Related Services Company, Inc. |remote financial data with |Would that pass Mayo v. Prometheus |
| |standardized templates and |(henceforth MvP)? |
| |customized templates. | |
|Systems and Methods for Dynamic |Funds transfer transaction |Performance of the fund transfer. |
|Configuration of Software Agents for |request, the request including| |
|Transfer Operations; US 8,150,748 B1; April |multiple payment sources |Frip: Lotsa software involved here. Any |
|3, 2012; Class 705/35; 16 claims; assigned |wherein funds from each |software per se? |
|to USAA. |payment source are used in the| |
| |funds transfer transaction | |
| |request; process involves | |
| |retrieving multiple “software | |
| |objects” to do stuff. | |
|Systems and Methods for General Aggregation |Unsorted mass data; process |Apparently some sort of sorted data. |
|of Characteristics and Key Figures; US |involves the automated generic| |
|8,150,749 B2; April 3, 2012; Class 705/35; |and parallel aggregation of |Frip: Classic data in-data out? |
|20 claims; assigned to SAP AG (Germany). |characteristics and key | |
| |figures of unsorted mass data | |
| |being of specific economic | |
| |interest, particularly | |
| |associated with financial | |
| |institutions, and with | |
| |financial affairs in banking | |
| |practice. | |
|Computerized Financial Information Retrieval|Real-time financial |Additional information, displayed on the |
|by Dynamic URL Construction; US 8,150,752 |information about financial |display screen, for the chosen financial |
|B2; April 3, 2012; Class 705/35.; 19 claims.|instruments; user’s |instrument. |
| |indication, through an | |
| |interactive graphic display, |Frip: Nothing abstract here. |
| |of interest in a particular | |
| |element; process involves | |
| |constructing a uniform | |
| |resource locator (URL) that | |
| |combines a first financial | |
| |instrument-independent URL | |
| |portion that is specific to a | |
| |preferred remote data source | |
| |and a second financial | |
| |instrument-specific URL | |
| |portion that is specific to | |
| |the chosen financial | |
| |instrument. | |
|Computer System and Method for Determining |Target payout, the target |Asset allocation for an investment |
|Optimal Asset Allocation; US 8,150,755 B2; |date, and a nominal rate of |portfolio. |
|April 3, 2012; Class 705/36R; 20 claims; |contributions to an investment| |
|assigned to Hartford Fire Insurance Company.|portfolio; process involves |Frip: You put some data in, you get some |
| |calculating multiple simulated|data out. |
| |investment outcomes based on | |
| |assumed investment return | |
| |rates and assumed inflation | |
| |rates, which are randomly | |
| |selected in multi-year | |
| |clusters from historical data.| |
|System and Method for Analyzing and |Trading information that |Display of a continuously updated |
|Displaying Security Trade Transactions; US |includes the price, volume, |real-time chart depicting the exchange |
|8,150,760 B2; April 3, 2012; Class 705/37; |and time of each trade; bid |auction process whereby buyers and |
|16 claims; assigned to Trading Technologies |prices and quantities from |sellers agree to trade at specified |
|International, Inc. |buyers; asking prices and |prices, including details of individual |
| |quantities from sellers. |transactions, the chart being formed by |
| | |plotting each trade at the price traded, |
| | |and for each plot point showing a |
| | |distinctive icon indication whether the |
| | |transaction was initiated by a buyer or |
| | |seller. |
| | | |
| | |Frip: Ho hum. Another data display |
| | |patent. |
|System and Method for Analyzing and |Trading information that |Display of a continuously updated |
|Displaying Security Trade Transactions; US |includes the price, volume, |real-time chart depicting the exchange |
|8,150,761 B2; April 3, 2012; Class 705/37; |and time of each trade; bid |auction process whereby buyers and |
|20 claims; assigned to Trading Technologies |prices and quantities from |sellers agree to trade at specified |
|International, Inc. |buyers; asking prices and |prices, including details of individual |
| |quantities from sellers. |transactions, the chart being formed by |
| | |plotting each trade at the price traded, |
| | |and for each plot point showing a |
| | |distinctive icon indication whether the |
| | |transaction was initiated by a buyer or |
| | |seller. |
| | | |
| | |Frip: If you think this was the same |
| | |patent as the previous, you be wrong. The|
| | |previous had 16 claims; this one has 20. |
| | |So there. |
|System and Method for Providing Credit; US |Credit request from an |If request is approved, provision of |
|8,150,762 B1; April 3, 2012; Class 705/38; |applicant; process involves |immediately usable general use credit |
|18 claims; assigned to USAA. |determining immediately |account. |
| |whether or not credit will be | |
| |provided to the applicant. |Frip: Yeah! Free credit! |
|Systems and Methods for Credit Management |Answers to qualitative |Credit memorandum that is a |
|Risk Rating and Approval; US 8,150,765 B1; |questions posed to a borrower,|recommendation associated with the |
|April 3, 2012; Class 705/38; 16 claims; |at least some of the questions|evaluation of the credit offering. |
|assigned to The PNC Financial Services |being based on the entity type| |
|Group, Inc. |of the borrower; process |Frip: Computer say no credit for you! |
| |involves calculating a | |
| |probability of default rating | |
| |of the borrower and a loss | |
| |given default rating for the | |
| |borrower, and integrating them| |
| |with other information | |
| |relating to the credit | |
| |offering. | |
|System and Method for Reordering Checks; US |After ordering a first |Order for a second quantity of checks for|
|8,150,770 B1; April 3, 2012; Class 705/45; |quantity of checks for a |the customer when a predetermined |
|21 claims; assigned to The PNC Financial |customer, tracking usage of |quantity of the first quantity of checks |
|Services Group, Inc. |the first quantity of checks. |has been processed. |
| | | |
| | |Frip: Eureka! Don’t you wish you’d |
| | |thought of that. |
|Automatic Check Reordering; US 8,150,771 B1;|Check usage data; process may |Order for new checks. |
|April 3, 2012; Class 705/45; 21 claims; |involve determining a check | |
|assigned to The PNC Financial Services |usage rate, which may be |Frip: Another Eureka! Wait. What’s the |
|Group, Inc. |proportional to a number of |diff between this and the previous |
| |checks written on the account |patent? |
| |per unit time, or determining | |
| |a time-to-exhaustion of | |
| |existing checks, or other | |
| |stuff. | |
| |
|April 10, 2012 |
| |
|Total 705 Class patents issued: 79 |
|Data In-Data Out patents: at the very least, 12 |
|PATENT |DATA IN |DATA OUT |
|System and Method Using Insurance for Risk |Data representing an asset |Display of the claim amount. |
|Transference; US 8,155,985 B2; April 10, |belonging to the first party, | |
|2012; Class 705/4; 24 claims; assigned to |the data including a market |Frip: Alright! Risk transference |
|Karson Management Ltd. (Bermuda). |value of the asset and |successful! |
| |principal payments of the | |
| |asset; term date for the | |
| |program; process involves | |
| |generating an economic value | |
| |of the asset based on the data| |
| |representing the asset, | |
| |calculating some stuff, | |
| |determining aggregate | |
| |principal payments (APP) of | |
| |the asset as of the term date,| |
| |and calculating some more | |
| |stuff. | |
|Method and System for Providing Price |Data regarding desired price |Price protection contract. |
|Protection for Commodity Purchasing through |protection from each consumer | |
|Price Protection Contracts; US 8,156,022; |in a plurality of consumers |Frip: A patent on crunching data. |
|April 10, 2012; Class 705/35; 46 claims; |accessing an interface | |
|assigned to Pricelock, Inc. |provided by the price | |
| |protection system computer, | |
| |the data for each consumer | |
| |including information about | |
| |past commodity consumption for| |
| |that consumer, a time period | |
| |for price protection, a | |
| |locale, and a desired level of| |
| |price protection; other data; | |
| |process includes use of a | |
| |price protection matrix. | |
|Systems and Methods for Directing |Depositor instructions for |Performed instructions. |
|Disposition of Certificate of Deposit; US |disposition of funds in a | |
|8,156,024 B1; April 10, 2012; Class 705/35; |certificate of deposit (CD), |Frip: Really, this is getting pretty far |
|21 claims; assigned to USAA. |the instructions being |from a process, machine, manufacture, or |
| |specified at or near the time |composition of matter. |
| |the CD is applied for and | |
| |being such things as | |
| |transferring the funds to an | |
| |account, paying a bill, | |
| |donating the funds to charity,| |
| |or rolling over the funds into| |
| |a new CD. | |
|Computer-Implemented Systems and Methods for|Responses to questions to a |Multiple student loan applications. |
|Student Loan Application Processing; US |user that relate to | |
|8,156,025 B1; April 10, 2012; Class 705/35; |applications for student |Frip: So, add a graphic interface to a |
|27 claims; assigned to National City Bank. |loans, the responses being |long-existing process and get a patent. |
| |used to populate multiple | |
| |different student loan | |
| |applications. | |
|Fair-Value Pricing of a Financial Asset; US |Historical price data for each|Value of the exchange traded fund. |
|8,156,027 B1; April 10, 2012; Class 705/35; |security in an exchange traded| |
|17 claims; assigned to Interactive Data |fund; weight of each security |Frip: Regression analysis? So last |
|Pricing and Reference Data, Inc. |in the fund; process includes |century. |
| |regression analysis. | |
|Technology Portfolio Health Assessment |Inventory input specific to a |Health assessment scores for both |
|System and Method; US 8,156,028 B2; April |portfolio's assets and |individual portfolio assets and for the |
|10, 2012; Class 705/35; 22 claims; assigned |components; process involves |portfolio as a whole. |
|to American Express Travel Related Services |determining an infrastructure | |
|Company, Inc. |score based on the general |Frip: Your portfolio be very sick. |
| |health of asset components and| |
| |an adaptability score based on| |
| |asset components’ ability to | |
| |interact with other elements | |
| |within the asset. | |
|Diversification Measurement and Analysis |A portfolio; process involves |Diversification value. |
|System; US 8,156,030 B2; April 10, 2012; |weighting each asset in the | |
|Class 705/36R; 11 claims; assigned to |portfolio, defining |Frip: According to Microsoft Word, |
|Gravity Investments LLC. |relationships, modeling the |polytope is not a bona fide word. |
| |portfolio in a geometric space| |
| |by stretching a vector length | |
| |associated with each of the | |
| |assets in proportion to its | |
| |concentration and contribution| |
| |to the portfolio, determining | |
| |a polytope based on the | |
| |modeling step, and comparing | |
| |the polytope to a symmetrical | |
| |model to determine a | |
| |diversification value. | |
|Method and System for Enhanced Distribution |Market data relevant to a |Data defining a regulatory filing on the |
|of Financial Instruments; US 8,156,034 B2; |proposed financial instrument;|offering, the regulatory filing including|
|April 10, 2012; Class 705/37; 37 claims; |marketing data on at least one|data for submission to a securities |
|assigned to Incapital Holdings LLC. |previous transaction of a |regulation system. |
| |previous financial instrument | |
| |similar to the proposed |Frip: Patent Examiners are often |
| |financial instrument; initial |persuaded by calling something |
| |financial parameter data |“Enhanced.” |
| |relating to a proposed | |
| |offering of the financial | |
| |instrument; other stuff. | |
|Modeling Financial Instruments Using Bid and|At least one series of |Predicted future values of the investment|
|Ask Prices; US 8,156,035 B2; April 12, 2012;|historical bid prices or |significant parameter or parameters of |
|Class 705/37; 27 claims; assigned to Penson |historical ask prices of a |the financial instrument. |
|Worldwide, Inc. |financial instrument; | |
| |financial model type that has |Frip: Put some data from the past in, get|
| |at least one variable |some data about the future out. |
| |parameter; process involves | |
| |applying the historical bid or| |
| |historical ask prices, or | |
| |both, to the initialized | |
| |financial model type to | |
| |estimate the variable | |
| |parameter or parameters. | |
|Methods and Systems Related to Trading |From a market participant, |Processed order. |
|Engines; US 8,156,036 B1; April 10, 2012; |electronic data describing a | |
|Class 705/37; 24 claims; assigned to |trading order; trading |Frip: Call it an algorithm, get a patent.|
|Pipeline Financial Group, Inc. |algorithms; process involves | |
| |evaluating the quality of | |
| |execution, during the | |
| |execution, of the trading | |
| |order and if the quality of | |
| |execution compares unfavorably| |
| |to a threshold of | |
| |acceptability, switching the | |
| |execution of the trading order| |
| |to another algorithm. | |
|Regulating Order Entry in an Electronic |Acceptable slop range for a |Effective spread price and order, the |
|Trading Environment to Maintain an Actual |trading strategy; desired |order being changeable if other stuff |
|Cost for a Trading Strategy; US 8,156,037 |strategy price for the trading|changes. |
|B2; April 10, 2012; Class 705/37; 22 claims;|strategy, the trading strategy| |
|assigned to Trading Technologies |including a first leg for a |Frip: Slops, legs, would TJ, the first |
|International Inc. |first tradeable object and a |patent examiner, go along with this? |
| |second leg for a second | |
| |tradeable object. | |
|System and Method of Implementing Massive |Via the Internet, data |Premature termination or assignment of |
|Early Termination of Long Term Financial |describing multiple |outstanding OTC derivative transactions |
|Contracts; US 8,156,038 B2; April 10, 2012; |transactions from multiple |between multiple financial institutions. |
|Class 705/37; 6 claims; assigned to |banks; apparently some | |
|TriOptima AB (Sweden). |unexpected event. |Frip: Quick, it’s the Apocalypse! |
| |
|April 17, 2012 |
| |
|Total 705 Class patents issued: 84 |
|Data In-Data Out patents: at the very least, 16 |
|PATENT |DATA IN |DATA OUT |
|System for Facilitating Life Settlement |Critical financial and medical|Information on policies that might become|
|Transactions; US 8,160,902 B2; April 17, |underwriting information |the subject of online auctions. |
|2012; Class 705/4; 13 claims. |relating to in-force policies | |
| |that policy owners might be |Frip: Bettin’ on someone else’s death. |
| |willing to sell; process | |
| |involves online auctions to | |
| |obtain essentially the best | |
| |price for each policy. | |
|System and Method for Determining a Premium |Information related to a |Premium for an insurance policy for |
|for Insurance for a Security; US 8,160,903 |security to be insured; |insuring a security against a change in |
|B2; April 17, 2012; Class 705/4; 13 claims; |process involves combining an |value of the security. |
|assigned to SBH, Inc. |insurance risk premium and an | |
| |expense and profit load to |Frip: Insuring a security. Sorta like |
| |determine a total gross |creating a financial instrument broth. |
| |premium. | |
|Notification of Resources of Interest to |Satisfaction of an |Announcement to announcement recipients. |
|Members of a Consumer Group; US 8,160,934 |announcement condition, the | |
|B2; Class 705/26.4; 21 claims; assigned to |condition possibly concerning |Frip: A model of clarity it ain’t. |
|Visa U.S.A. Inc. |a transaction by a member of a| |
| |consumer group; an | |
| |announcement condition might | |
| |be that a consumer is within a| |
| |predetermined spatial zone. | |
|Interactive Account Management System and |Stored account information and|Display of financial guidance, and other |
|Method; US 8,160,941 B1; April 17, 2012; |account holder input; the |stuff. |
|Class 705/30; 35 claims; assigned to |system being an interactive | |
|JPMorgan Chase Bank, N.A. |account management system |Frip: Do the tangible components |
| |operated in cooperation with a|outnumber the intangible components? |
| |financial institution on | |
| |behalf of multiple account | |
| |holders and providing | |
| |interactive processing | |
| |components to permit | |
| |collaborative interaction | |
| |between the members of the | |
| |account holder financial | |
| |network, and other stuff. | |
|Billing Workflow System for Crediting |Credit valuation adjustment |Allocation of charges related to |
|Charges to Entities Creating Derivatives |(CVA) amounts associated with |derivatives trading to a business unit. |
|Exposure; US 8,160,942 B2; April 17, 2012; |derivatives trades; process | |
|Class 705/34; 17 claims; assigned to |involves an automated billing |Frip: Another derivatives patent. Didn’t |
|JPMorgan Chase Bank. |workflow system interacting |derivatives come within a hair of |
| |with an Accounting System in |destroying Western Civilization? |
| |order to make appropriate | |
| |Profit and Loss entries for | |
| |the CVA amounts. | |
|Systems and Methods to Process Transactions |Request from a first user via |Transferred funds. |
|Based on Social Networking; US 8,160,943 B2;|a social networking website of| |
|April 17, 2012; Class 705/35; 17 claims; |a social networking system to |Frip: If you’re not part of the social |
|assigned to Boku, Inc. |transfer funds from or to a |networking explosion, you’re pretty much |
| |second user; process involves |nada. |
| |various verifying steps. | |
|System and Method for Enhancing Financial |Data on debit transaction |Process for increased financial |
|Institution Revenues Through Acceleration of|processing; process includes |institution revenues. |
|Debit Processing; US 8,160,945 B2; April 17,|mapping debit transaction | |
|2012; Class 705/35; 18 claims. |processing, identifying |Frip: Hey consumers! Quit whining. |
| |processing intervals that can |Financial institutions are people too. |
| |be reduced, and determining a | |
| |revenue impact that can result| |
| |from acceleration. | |
|System and Method for Processing Data |Data indicative of |Data indicative of instructions to pay an|
|Related to a Life Insurance Policy Having an|certification that the insured|owner of the life insurance product |
|Accelerated Death Benefit; US 8,160,946 B2; |is chronically ill. |periodic payments, during the lifetime of|
|April 17, 2012; Class 705/35; 22 claims; | |the insured, each of which periodic |
|assigned to Hartford Fire Insurance Company.| |payments reduces the death benefit |
| | |amount. |
| | | |
| | |Frip: If the Ol’ Man don’t croak soon, |
| | |we’ll get nothing. |
|Methods and Systems for Identifying and |Scanned files of a new |Various reports to allow the user to |
|Tracking Potential Property Rights in |software product for property |review relevant property rights diligence|
|Software Products; US 8,160,947 B2; April |rights, the scanning |information and to take appropriate |
|17, 2012; Class 705/36R; 63 claims; assigned|preferably being of the source|action in response. |
|to Adobe Systems Incorporated. |code of the files to identify | |
| |certain textual strings or of |Frip: Actually, seems to be a useful |
| |the file system information |idea. But is a patent the proper type of |
| |for the files; process |protection? |
| |involves establishing and | |
| |reviewing auditing and | |
| |licensing records. | |
|Order Risk Management for Financial Product |Derivative product order risk |Execution of all or a portion of a trade.|
|Processing; US 8,160,949 B2; April 17, 2012;|data provided by traders to | |
|Class 705/36R; 20 claims; assigned to |the exchange, the order risk |Frip: Delta, gamma, vega. If you know |
|Chicago Mercantile Exchange, Inc. |data perhaps including maximum|what this stuff is, you may be part of |
| |delta, gamma, of vega |the problem. |
| |utilization values—or all | |
| |three—for derivative product | |
| |contracts based on the same | |
| |underlying product; process | |
| |involves matching the trader's| |
| |current utilization state and | |
| |the utilization that would | |
| |result after the trade. | |
|Method and Apparatus for Trading Assets; US |Customer requirements; process|Display of the batch of orders to the |
|8,160,950 B2; April 17, 2012; Class 705/37; |involves automatically |customer, along with indicative or actual|
|63 claims; assigned to FX Alliance, LLC |combining and organizing those|price quotes, such that the customer may |
| |requirements into a batch of |select and process multiple orders and |
| |orders according to a set of |multiple requirements simultaneously, |
| |customer preferences. |orders being priced and booked |
| | |automatically. |
| | | |
| | |Frip: Computer say you buy now! |
|System and Method for Managing Risk |Request to place a first order|Placement of the first order. |
|Associated with Product Transactions; US |to trade a first product, the | |
|8,160,953 B2; April 17, 2012; Class 705/37; |request being made using an |Frip: Put an order in, get an order out. |
|32 claims; assigned to Cantor Index, LLC. |account having one or more |That is, if your account is up-to-date. |
| |current balances; process | |
| |involves determining a risk | |
| |value for the first order | |
| |based at least in part on the | |
| |first product, and determining| |
| |whether to approve the first | |
| |order based at least in part | |
| |on the risk value determined | |
| |for the first order and one or| |
| |more of the current balances | |
| |for the account. | |
|System and Method for Creating a Market Map |Market information and |Adjustable display of trader-related data|
|in an Electronic Trading Environment; US |trader-related information |in combination with market data related |
|8,160,954 B2; April 17, 2012; Class 705/37; |associated with at least two |to tradable objects. |
|22 claims; assigned to Trading Technologies |tradable objects. | |
|International Inc. | |Frip: TTI, leaving the competition |
| | |behind. |
|Insurance System and Method for a High-Risk |Information about the |Finance contract with a payment having a |
|Asset Purchaser or Lessee; US 8,160,956 B2; |creditworthiness of a |value based on a cost of the purchase or |
|April 17, 2012; Class 705/38; 15 claims. |purchaser or lessee; process |the lease of the depreciating asset and a|
| |includes establishing a |cost of the insurance policy. |
| |finance contract for the lease| |
| |or the purchase of a |Frip: Mix insurance and an asset |
| |depreciating asset, and |purchase, get a patent. |
| |issuing an insurance policy | |
| |for the benefit of the dealer | |
| |based on a liability | |
| |associated with being the | |
| |guarantor. | |
|Methods and Systems for Opening and Funding |Request from and information |At least one risk score that impacts a |
|a Financial Account Online; US 8,160,957 B2;|about a potential account |decision regarding the account |
|April 17, 2012; Class 705/38; 15 claims; |opener. |application and a determination about |
|assigned to Efunds Corporation. | |possible funding constraints. |
| | | |
| | |Frip: You can open an account but you’re |
| | |too much of a risk to do anything other |
| | |than give us your money. |
|System and Method for Rapid Updating of |Daily data set relating to the|Measure of creditworthiness. |
|Credit Information; US 8,160,960 B1; April |creditworthiness of the | |
|17, 2012; Class 705/39; 17 claims; assigned |account holder; daily data set|Frip: Sorry, your daily data sets did not|
|to JPMorgan Chase Bank, N.A. |relating to transaction |arrive. Your creditworthiness is nada. |
| |activity of the credit | |
| |account; periodic data set | |
| |relating to the | |
| |creditworthiness of the | |
| |account holder; periodic data | |
| |set relating to the historical| |
| |activity of the credit | |
| |account. | |
| |
|April 24, 2012 |
| |
|Total 705 Class patents issued: 79 |
|Data In-Data Out patents: at the very least, 13 |
|PATENT |DATA IN |DATA OUT |
|Methods and Systems for Portfolio Investment|Information related to an |A score of some kind that shows the |
|Thesis Based on Application Life Cycles; US |application associated with a |present point of the application within |
|8,165,912 B2; April 24, 2012; Class |telecommunication or data |the application life cycle. |
|705/7.36; 12 claims; assigned to Ciena |communication product or | |
|Corporation. |service; process involves |Frip: He shoots! He scores! Yes. |
| |generating matrices associated| |
| |with phases of an application | |
| |life cycle, and other stuff. | |
|Enhancement of Network Accounting Records; |A first network accounting |Enhanced first network accounting record.|
|US 8,165,932 B2; April 24, 2012; Class |record from a first source; | |
|705/30; 140 claims; assigned to Amdoes |process involves correlating |Frip: Patent on enhancing data; in 140 |
|(Israel) Ltd. (Israel). |the first network accounting |claims. |
| |record with accounting | |
| |information available from a | |
| |second source. | |
|Systems, Methods, and Computer Program |Transactions in batch format; |Clearance of individual transactions. |
|Products for Performing Item Level |process involves storing and | |
|Transaction Processing; US 8,165,933 B2; |analyzing the transactions |Frip: Batch processing fini? |
|April 24, 2012; Class 705/30; 37 claims; |separately. | |
|assigned to Bank of America Corporation. | | |
|System and Method for Managing Information |Data on a money market fund, |Information meeting the requirements of |
|Related to Securities and Securities |its users, and other stuff. |SEC Rule 2a-7. |
|Issuers; US 8,165,937 B1; April 24, 2012; | | |
|Class 705/35; 26 claims; assigned to Digital| |Frip: 2a-7, eh? That’s a toughie. |
|Assurance Certification L.L.C. | | |
|Prepaid Card Fraud and Risk Management; US |Parameters, limits, values, |Determination of whether to issue a |
|8,165,938 B2; April 24, 2012; Class 705/35; |thresholds, rules. |prepaid device, and confirmation of cases|
|28 claims; assigned to Visa U.S.A. Inc. | |of fraud associated with prepaid devices.|
| | | |
| | |Frip: Steal just a little at a time and |
| | |you’ll probably be OK. |
|Non-Credit Account Credit Rating; US |Non-credit transactions of a |Credit rating for the consumer. |
|8,165,940 B2; April 24, 2012; Class 705/35; |consumer. | |
|27 claims; assigned to Visa U.S.A. Inc. | |Frip: But what if the consumer does |
| | |non-credit transactions precisely to |
| | |avoid credit ratings? |
|System and Method for Calculating a |Market data comprising |Index value based on a long position in a|
|Financial Market Index; US 8,165,942 B1; |interest rate data and swap |first municipal bond swap index and a |
|April 24, 2012; Class 705/35; 20 claims; |rate data; process involves |short position in a second interest rate |
|assigned to Morgan Stanley. |determining a leverage factor |swap index and based on the market data, |
| |that is in turn determined by |wherein the long position is leveraged |
| |a change in an economic |against the short position based on the |
| |indicator during a time |leverage level. |
| |period. | |
| | |Frip: Head hurt. |
|Transaction Velocity Counting for Fraud |Transaction data for a |Fraud determination using the identified |
|Detection; US 8,165,945 B2; April 24, 2012; |designated time period; |anomalies. |
|Class 705/35; 36 claims; assigned to Visa |process involves velocity | |
|International Service Association. |counts for particular |Frip: Fraud? Who, me? Does this face |
| |characteristics, and the |really look like it belongs to a |
| |identification of anomalies. |fraud-inclined individual? |
|Customized Financial Transaction Pricing; US|Financial transaction data |Complex merchant transaction pricing |
|8,165,946 B2; April 24, 2012; Class 705/35; |from a merchant; process |rules |
|21 claims; assigned to American Express |involves using granular | |
|Travel Related Services Company, Inc. |transaction data from |Frip: Transparency? Never heard of it. |
| |individual transaction data, | |
| |aggregate transaction data, | |
| |transaction history, customer | |
| |data, merchant data, and | |
| |product data to calculate | |
| |customized merchant fees. | |
|System for Selecting and Purchasing Assets |Received through an |Automated allocation advice that includes|
|and Maintaining an Investment Portfolio; US |interactive process, |recommended investment percentages for |
|8,165,948 B2; April 24, 2012; Class 705/36R;|information on an investor, a |asset classes, list of investments for an|
|22 claims; assigned to The Globe Resources |portion of the information |investment portfolio, automated |
|Group, Inc. |being from investor responses |electronic execution of transactions, |
| |concerning risk tolerance. |portfolio rebalancing, and other stuff. |
| | | |
| | |Frip: Meet Hal the Computer. Your |
| | |financial future is now in his hands. |
| | |Only don’t ask him to open the pod bay |
| | |doors. |
|Block Trading System and Method Providing |Two or more matching orders |Execution with a second processor the |
|Price Improvement to Aggressive Orders; US |from the traders in an |matching orders immediately upon |
|8,165,954 B2; April 24, 2012; Class 705/37; |electronic trading system; |expiration of the random period of time, |
|13 claims; assigned to Pipeline Financial |process involves delaying for |wherein the first and second processors |
|Group, Inc. |a random period of time |may be the same processor or different |
| |execution of the matching |processors. |
| |orders by a value in a range | |
| |selected by a first processor |Frip: What!? Some traders actually “game”|
| |in accordance with the risk |the system? I’m shocked, shocked. |
| |profile of a trader who placed| |
| |one of the matching orders, a | |
| |purpose being to prevent | |
| |“gaming” of the system. | |
|System and Method for A Trading Interface |Market information; historical|Display of a chart region aligned with a |
|Incorporating a Chart; US 8,165,957 B2; |market data; trade orders. |market grid region, the chart region |
|April 24, 2012; Class 705/37; 21 claims; | |having a first value axis with a first |
|assigned to Trading Technologies | |plurality of values and a time axis, the |
|International, Inc. | |market grid region having a second |
| | |plurality of values along a second value |
| | |axis, and display of a first working |
| | |order indicator representing price. |
| | | |
| | |Frip: I guess all the possible graphic |
| | |displays of market activity have yet to |
| | |be patented. |
|System and Method for Financial Instrument |Consumer pre-qualifications |Offer of a financial instrument if |
|Pre-Qualification and Offering; US 8,165,962|stored in one or more |consumer is determined to be qualified. |
|B1; April 24, 2012; Class 704/44; 25 claims;|databases; consumer inquiry | |
|assigned to JPMorgan Chase Bank, N.A. |about financial instruments. |Frip: That’s what we all are, digits in a|
| | |database. |
| |
|May 1, 2012 |
| |
|Total 705 Class patents issued: 75 |
|Data In-Data Out patents: at the very least, 18 |
|PATENT |DATA IN |DATA OUT |
|System and Method for Establishing Rates for|Household driving record; |Automobile insurance rates. |
|an Automobile Insurance Policy; US 8,170,892|information on a stability | |
|B1; May 1, 2012; Class 705/4; 27 claims; |gradient; operator driving |Frip: Let’s see, four DUIs. That don’t |
|assigned to USAA. |record; other stuff. |put you very high on the stability |
| | |gradient. |
|System and Method for Probate Prediction; US|Comprehensive set of |Prediction of whether or not an estate |
|8,170,895 B1; May 1, 2012; Class 705/7.11; |credit-related variables; |exists for a deceased debtor. |
|20 claims; assigned to Forte LLC. |comprehensive set of | |
| |demographic related variables;|Frip: They’ll follow you to the grave. |
| |individual characteristic | |
| |variables for deceased debtor;| |
| |process involves creating a | |
| |model relating the variables | |
| |and the likelihood a deceased | |
| |debtor will have an estate. | |
|Method and System for Providing a Customized|Actual business start-up data |Customized start-up budget. |
|Start-Up Budget for a New Business; US |associated with one or more | |
|8,170,933 B1; May 1, 2012; Class 705/30; 36 |actual businesses; data |Frip: What’s a budget, anyway? Just |
|claims; assigned to Intuit Inc. |associated with a proposed |guidelines like the pirates’ code, right?|
| |business. | |
|Systems and Methods for Trading Actively |Set of risk factors from a |Estimated value of the exchange traded |
|Managed Funds; US 8,170,934 B2; May 1, 2012;|risk factor model; set of |fund periodically displayed throughout a |
|Class 705/35; 5 claims; assigned to NYSE |exchange traded fund |trading day. |
|Amex LLC. |sensitivity coefficients; | |
| |process involves creating a |Frip: A patent on avoiding transparency. |
| |proxy portfolio that does not | |
| |reveal the assets of the | |
| |exchange traded fund and has | |
| |substantially the same | |
| |sensitivity coefficients as | |
| |the exchange traded fund. | |
|Systems and Methods for Evaluating the |Data leading to a model |Public disclosure of the results of a |
|Integrity of a Model Portfolio of a |portfolio designed to have |statistical comparison with the ETF |
|Financial Instrument; US 8,170,935 B2; May |substantially the same values,|periodically throughout a trading day, |
|1, 2012; Class 705/35; 16 claims; assigned |returns, or risk |the results being used by a trader to |
|to NYSE Amex LLC. |characteristics as an exchange|price or hedge an investment in the ETF, |
| |traded fund (ETF). |where the identities of the assets of the|
| | |ETF are not publicly disclosed on a daily|
| | |basis to traders who price or hedge |
| | |investments in the ETF on a secondary |
| | |market. |
| | | |
| | |Frip: More secrecy, and patents thereon. |
|Using Commercial Share of Wallet to Rate |Company financial data; model |Estimate of a commercial size of spending|
|Business Prospects; US 8,170,038 B2; May 12,|of industrial spending |wallet of the company. |
|2012; Class 705/35; 20 claims; assigned to |patterns. | |
|American Express Travel Related Services | |Frip: Amex likes the commercial size of |
|Company, Inc. | |spending wallet concept. Really likes it.|
|Method and System for Building and |Real-time information on |Lists of and information about |
|Maintenance Watch Lists; US 8,170,939 B2; |securities; process involves |securities, and stuff. |
|May 12, 2012; Class 705/36R; 14 claims; |eliminating separate watch | |
|assigned to Charles Schwab & Co. |lists by creating and |Frip: Watchin’ and waitin’ for the Big |
| |maintaining a pool of items |Kuhuna. |
| |being watched. | |
|System and Method for the Automated |Activity requests from a user;|Refreshed customer account data, and |
|Brokerage of Financial Instruments; US |customer account data; other |other stuff. |
|8,170,940 B2; May 12, 2012; Class 705/36R; |stuff. | |
|31 claims; assigned to Scottrade, Inc. | |Frip: Lotsa talk about a financial |
| | |instrument brokerage system with a front |
| | |end layer, an intermediate layer, and a |
| | |backend layer. |
|System and Method for Generating Random |Historical financial data; |Random vectors for estimating portfolio |
|Vectors for Estimating Portfolio Risk; US |process involves estimating |risk. |
|8,170,941 B2; May 12, 2012; Class 705/36R; |parameters of a copula | |
|16 claims; assigned to FinAnalytica, Inc. |comprising an empirical |Frip: You can never have too many |
| |sub-copula and a parametric |copulas. |
| |sub-copula, multivariate | |
| |distribution, and serious | |
| |equations. | |
|Automated Investment Alerts from Multiple |Information relating to |Graphic display of investment alerts, and|
|Data Sources; US 8,170,942 B2; May 12, 2012;|different types of |other stuff. |
|Class 705/36R; 20 claims; assigned to |investments, the information | |
|Microsoft Corporation. |being extracted from multiple |Frip: Move aside folks, a 400-pound |
| |data feeds; alert rules |gorilla is gettin’ into the investment |
| |corresponding to predefined |game. |
| |conditions; inquiry from an | |
| |investor. | |
|Systems and Methods for Generating a Metric |Entity data comprising a value|The score, which is a single number that |
|of Financial Status Relative to a Financial |of the entity's current and |represents the entity's financial status |
|Goal; US 8,170,943 B2; May 12, 2012; Class |projected assets and |relative to achieving financial |
|705/36R; 8 claims. |resources, a value of the |independence by the future date. |
| |entity's actual savings, a | |
| |future date, and a desired |Frip: Computer say your score is |
| |income of the entity on the |negative. |
| |future date; process involves | |
| |calculating a present value of| |
| |actual capital and a present | |
| |value of actual annual | |
| |savings, adding the present | |
| |value of the actual capital to| |
| |the present value of the | |
| |actual annual savings, and | |
| |dividing the result by the | |
| |present value of required | |
| |capital to calculate a score. | |
|Customized Performance Benchmarks for Stable|Credit rate calculations; cash|Customized performance benchmark for a |
|Value Funds; US 8,170,944 B1; May 1, 2012; |flow adjustments; underlying |stable value fund. |
|Class 705/36R; 15 claims; assigned to Dwight|asset portfolio returns. | |
|Asset Management Company LLC. | |Frip: Customized benchmark, objective |
| | |benchmark, make no difference. Your |
| | |stable value fund not stable. |
|System and Method for Providing Security to |Controller signal |Command to lock and disable the errant |
|a Game Controller Device for Electronic |relationships that associate |game controller. |
|Trading; US 8,170,945 B2; May 1, 2012; Class|game controller signals with | |
|705/37; 25 claims; assigned to BGC Partners,|trading system commands |Frip: But trading is not supposed to be a|
|Inc. |associated with the electronic|game, it it? |
| |trading of financial | |
| |instruments; game controller | |
| |signals generated by a game | |
| |controller; process involves | |
| |determining if the game | |
| |controller signals are | |
| |erroneous. | |
|Fraud Detection Based on Call Attempt |Data related to a current call|Fraud alert if threshold is met. |
|Velocity of Terminating Number; US 8,170,947|placed from an originating | |
|B2; May 1, 2012; Class 705/37; 20 claims; |automatic number indicator |Frip: How about if the fraud alert is |
|assigned to Verizon Business Global LLC. |(ANI) to a terminating ANI, |followed by a drone strike on the |
| |where the received data |offending ANI? |
| |includes the terminating ANI | |
| |and a billing number used to | |
| |place the call; billing | |
| |numbers for prior calls to the| |
| |terminating ANI; process | |
| |involves determining whether | |
| |the number of billing numbers | |
| |used for the current and prior| |
| |calls to the terminating ANI | |
| |over a prior period of time | |
| |meet a threshold. | |
|Products and Processes for Order |Trading order for a financial |Distribution of orders to financial |
|Distribution; US 8,170,949 B2; May 1, 2012; |instrument; indication of a |exchanges. |
|Class 705/37; 28 claims; assigned to BGC |rate at which orders for the | |
|Partners, Inc. |side of the trade for the |Frip: Divvying up business. |
| |financial instrument are | |
| |expected to be fulfilled by at| |
| |least one exchange; other | |
| |stuff. | |
|System and Method for Automated Order Entry |Trading orders; order queues |Determination of whether to transmit an |
|on Short Queues; US 8,170,950 B1; May 1, |in relation to prices; process|order message to the electronic exchange |
|2012; Class 705/37; 20 claims; assigned to |involves comparing the length |depending on comparison of a length of a |
|Trading Technologies International, Inc. |of the queue to a threshold |queue in a market to the threshold value.|
| |value that represents a | |
| |combination of at least a |Frip: My queue’s longer than your queue. |
| |particular quantity value and | |
| |a particular number of orders | |
| |value. | |
|System and Method for Providing |Application for a credit card |Decision on whether to issue the credit |
|Instant-Decision, Financial Network-Based |through the entry of data into|card, and issuance thereof. |
|Payment Cards; US 8,170,952 B2; May 1, 2012;|a data entry system using a | |
|Class 705/38; 20 claims; assigned to |handheld electronic device; |Frip: OK, you got your card, now spend |
|JPMorgan Chase Bank. |personal data and financial |like there ain’t no tomorrow. |
| |information associated with | |
| |the applicant. | |
|Systems and Methods for Screening Payment |Information about a set of |Risk score and validation code. |
|Transactions; US 8,170,953 B1; May 1, 2012; |attributes associated with a | |
|Class 705/39; 15 claims; assigned to Visa |sending entity as part of a |Frip: Patent on anti-money laundry |
|International Services Asssociation. |money transfer transaction |screening. Money laundering was described|
| |from a sending financial |in the movie “Office Space.” |
| |institution; information about| |
| |a set of attributes associated| |
| |with the receiving entity; | |
| |information from an attribute | |
| |database. | |
| |
|May 8, 2012 |
| |
|Total 705 Class patents issued: 92 |
|Data In-Data Out patents: at the very least, 16 |
|PATENT |DATA IN |DATA OUT |
|Score Based Decisioning; US 8,175,897 B2; |Initial and additional data |Determination by the entity of whether to|
|May 8, 2012; Class 705/4; 19 claims; |from a user on the Internet |proceed with the interaction or to |
|assigned to Fair Isaac Corporation. |seeking to interact with an |terminate it because of a high |
| |entity such as a merchant; |probability of a fraud situation. |
| |Entity-approved pre-determined| |
| |thresholds. |Frip: You can’t even tricky a merchant |
| | |anymore. |
|Life Insurance Strategic Value; US 8,175,900|Death benefit value of a life |Strategic value of a life insurance |
|B2; May 8, 2012; Class 705/4; 14 claims; |insurance policy, a cash |strategy at a future point in time. |
|assigned to The Trustee and Successor |surrender value of the policy,| |
|Trustees of RGD 2006 Trust. |a mortality probability for an|Frip: Life’s a b___h, they you die. |
| |insured subject of the policy,| |
| |and a projected investment | |
| |return on a reinvestment of | |
| |the death benefit value, at | |
| |each of a number of particular| |
| |future points in time. | |
|Systems and Methods for Constructing and |Transaction purchase |Interrelationship information among |
|Utilizing a Merchant Database Derived from |information, customer |transaction purchase information, |
|Customer Purchase Transaction Data; US |demographics information, and |customer profiles, and merchant profiles.|
|8,175,908 B1; May 8, 2012; Class 705/7.29; |merchant information. | |
|33 claims; assigned to JPMorgan Chase Bank, | |Frip: Soon, they’ll know what you’re |
|N.A. | |going to do before you do. |
|Systems, Methods and Computer Programs for |Data sets of financial data; |Manipulated and evaluated data sets. |
|Financial Data Evaluation; US 8,175,937 B2; |financial evaluation rules. | |
|May 8, 2012; Class 705/30; 11 claims; | |Frip: A patent on data per se? |
|assigned to SAP AG (Germany). | | |
|Method and System for Developing and |Stream of market data |Changed market data in a form that mimics|
|Applying Market Data Scenarios; US 8,175,941|containing values of market |the stream of market data received from |
|B2; May 8, 2012; Class 705/35; 21 claims; |items from a market data |the market data distribution platform, |
|assigned to Codestreet, LLC. |distribution platform; from a |thus enabling the automated building and |
| |user, and separate from the |testing of market data processing |
| |stream of market data, |software applications. |
| |instructions to change values | |
| |of market items; process |Frip: Ah ha! A patent on fake data. |
| |involves changing selected | |
| |values of the market data. | |
|Systems and Methods for Enhancing Compliance|Physical space capacity |Display of either an amount to be |
|with the Federal Reserve Custodial Inventory|information; cash balance |physically transferred into the Custodial|
|(CI) Procedures; US 8,175,942 B2; May 8, |inventory information; FedCash|Inventory vault or an amount to be |
|2012; Class 705/35; 5 claims; assigned to |system information including |physically transferred out of the |
|Bank of American Corporation. |Custodial Inventory |Custodial Inventory vault. |
| |information, minimum vault | |
| |holding requirement |Frip: See how much you don’t know about |
| |information, and a Federal |banking? |
| |Reserve Cap for Custodial | |
| |Inventory. | |
|System and Method for Reconciling Financial |Values from a custodian of |Corrected accounts. |
|Records; US 8,175,943 B1; May 8, 2012; Class|accounts; process involves | |
|705/35; 14 claims; assigned to Vestmark, |specifying certain transaction|Frip: Making everything hunky dory, and |
|Inc. |problems to be automatically |gettin’ a patent to boot. |
| |corrected, selecting types of | |
| |corrections to be applied to | |
| |both historical and future | |
| |positions, applying | |
| |corrections of the portfolio | |
| |account system to both | |
| |historical and future | |
| |positions, and reserving | |
| |certain problems for | |
| |individual review. | |
|Using Commercial Share of Wallet to Compile |Company financial statement |Rating of the company based upon the |
|Marketing Company Lists; US 8,175,945 B2; |data; process includes |company’s commercial size of spending |
|May 8, 2012; Class 705/35; 20 claims; |estimating commercial size of |wallet. |
|assigned to American Express Travel Related |spending wallet for the | |
|Services Company, Inc. |company based on, at least, |Frip: Amex just can’t get enough of the |
| |financial statement data of |spending wallet concept. |
| |the business, total known | |
| |business spending of the | |
| |business, and a model of | |
| |industry spending patterns. | |
|System and Method for Providing the |Current and historical trade |Execution probability of a limit order |
|Execution Probability of a Limit Order; US |data; process involves |within a given time period. |
|8,175,946 B2; May 8, 2012; Class 705/36R; 34|calculating the frequency of | |
|claims; assigned to Bloomberg Finance L.P. |trade execution, price |Frip: One of those probability patents. |
| |movements, and distributions | |
| |of trade volumes. | |
|System and Method for Administering Fixed |Data indicative of a value of |Updated asset value of the insurance |
|Index Annuities; US 8,175,947 B2; May 8, |an index calculated based on a|account. |
|2012; Class 705/36R; 31 claims; assigned to |formula including as factors, | |
|Hartford Fire Insurance Company. |prices of individual equity |Frip: And as for your individual annuity,|
| |securities; data indicative of|“So sowee.” |
| |dividend yield; data | |
| |indicative of an asset value | |
| |of an insurance account having| |
| |a value based on the index. | |
|Methods and Systems for Providing a Constant|At least one commodity |Rebalanced financial instrument based on |
|Maturity Commodity Index; US 8,175,949 B2; |component for inclusion in a |the target weight and the middle delivery|
|May 8, 2012; Class 705/36R; 16 claims; |commodity index; process |period of the commodity component. |
|assigned to UBS AG (Switzerland). |involves calculating a target | |
| |weight of the commodity |Frip: Maturity? What if your spouse is |
| |component, selecting a time |always calling you immature? |
| |interval for maturity of the | |
| |commodity component, | |
| |determining a middle delivery | |
| |period for financial | |
| |instruments for the commodity | |
| |component, and purchasing the | |
| |financial instruments in | |
| |relation to the middle | |
| |delivery period based on the | |
| |target weight. | |
|User Interface for an Electronic Trading |Market data identifying at |Submission of order to the electronic |
|System; US 8,175,955 B2; May 8, 2012; Class |least an inside market |trading exchange for an order quantity at|
|705/37; 40 claims; assigned to Trading |including a bid quantity |the desired price. |
|Technologies International, Inc. |available at a highest bid | |
| |price for an item and an ask |Frip: Put a little more info in a graphic|
| |quantity available at a lowest|display, get a patent. |
| |ask price for the item; | |
| |process involves displaying | |
| |all outstanding bids and | |
| |offers for an item, in | |
| |contrast to the conventional | |
| |systems and methods in which | |
| |only the highest bid and | |
| |lowest offer are known to the | |
| |individual trader. | |
|Method and Apparatus for Automated Trading |Decision model to buy and sell|Automatic generation of an order and |
|of Equity Securities Using Real Time Data |a security; real-time data. |execution of transactions to buy and sell|
|Analysis; US 8,175,956 B2; May 8, 2012; | |the security based in response to the |
|Class 705/37; 39 claims. | |decision model. |
| | | |
| | |Frip: But is the thing easy to stop, or |
| | |does it need a slap ‘side the head? |
|System and Method for Dynamically Regulating|First pay-up tick value for a |Dynamically modified first pay-up tick to|
|Order Entry in an Electronic Trading |price for an offset order for |a second pay-up tick value, which is used|
|Environment; US 8,175,960 B2; May 8, 2012; |a tradeable object; |to determine a second acceptable price |
|Class 705/37; 20 claims; assigned to Trading|user-defined modification |level for the order associated with the |
|Technologies International, Inc. |condition. |trading strategy. |
| | | |
| | |Frip: Is it Frip’s imagination, or is |
| | |anything having to do with electronic |
| | |trading gettin’ a patent? |
|Method and System for Using Payment History |Transaction data relating to |Provision of the transaction information |
|for Conducting Commercial Transactions; US |commercial transactions |to the requesting entity, which |
|8,175,961 B2; May 8, 2012; Class 705/38; 22 |conducted by buyers and |thereafter makes a decision about further|
|claims; assigned to Visa International |sellers conducting commercial |interacting with the buyer or the seller.|
|Service Association. |transactions using a | |
| |transaction processing system;|Frip: Movin’ information around. That’s |
| |request for transaction |why it’s called the information Age. |
| |information relating to the | |
| |data from an entity, the | |
| |transaction information also | |
| |relating to a commercial | |
| |transaction between a buyer | |
| |and a seller. | |
|Computerized Extension of Credit to Existing|Estimate of the tax refund |Modification of the one or more existing |
|Demand Deposit Accounts, Prepaid Cards and |available from a tax return of|lines of credit for the consumer based on|
|Lines of Credit Based on Expected Tax Refund|a consumer. |the determined portion of the estimated |
|Proceeds, Associated Systems and Computer | |tax refund available as borrowing |
|Program Products; US 8,175,962 B2; May 8, | |capacity. |
|2012; Class 705/38; 20 claims; assigned to | | |
|Metabank. | |Frip: More debt! You can take on more |
| | |debt! |
| |
|May 15, 2012 |
| |
|Total 705 Class patents issued: 63 |
|Data In-Data Out patents: at the very least, 10 |
|PATENT |DATA IN |DATA OUT |
|Computer Control of Non-Debt Funding System |Data including data |Separate valuation of each of the |
|for Home Finance; US 8,180,649 B2; May 15, |representing components |components, wherein at least one of the |
|2012; Class 705/1.1; 59 claims; assigned to |temporally decomposed from |valuations reflects that there is a |
|Ross/Graff Holdings LLC. |residential property, the |terminal rent recovery period for the |
| |components including a |residential estate for years interest, |
| |residential estate for years |and digital data and documentation. |
| |interest and a residential | |
| |remainder interest. |Frip: Has something to do with Shariah |
| | |financing. |
|Systems and Methods for Processing Vehicle |Vehicle data and driver |Dynamic vehicle insurance policy. |
|or Driver Performance Data; US 8,180,655 B1;|behavior data from a data | |
|May 15, 2012; Class 705/4; 21 claims; |processing module installed in|Frip: Computer say you went 80 today. Add|
|assigned to USAA. |a vehicle covered by a vehicle|$10 to your insurance premium. |
| |insurance policy. | |
|Methods and Systems for Forecasting with |Reference set of profiles from|Forecast generated from the probability |
|Model-Based Estimates; US 8,180,664 B2; May |previous periods; process |density function. |
|15, 2012; Class 705/7.31; 11 claims; |involves estimating model | |
|assigned to Hewlett-Packard Development |parameters of a time series |Frip: If this ain’t a patent for an |
|Company, L.P. |based on the reference set, |algorithm per se, nothing is. |
| |the parameters comprising a | |
| |first variance for a hidden | |
| |noise source, and calculating | |
| |a probability density function| |
| |for the time series including | |
| |determining a second variance | |
| |for the probability density | |
| |function based at least in | |
| |part on the first variance for| |
| |the hidden noise source. | |
|System and Method for Performing Automatic |Dynamic market information for|Automatic working of a spread’s legs to |
|Spread Trading; US 8,180,692 B2; May 15, |tradeable objects; spread |achieve, or attempt to achieve, the |
|2012; Class 705/35; 22 claims; assigned to |setting parameters from a |spread. |
|Pablo, LLC. |user; process involves | |
| |generating a spread data feed |Frip: Work my spread’s legs, Honey! |
| |that is preferably displayed | |
| |in a spread window as bid and | |
| |ask quantities associated with| |
| |an axis or scale of prices; | |
| |trade orders. | |
|Prediction of Financial Performance for a |Time series data that includes|Prediction of financial performance. |
|Given Portfolio of Marketing Investments; US|data describing the financial | |
|8,180,693 B2; May 15, 2012; Class 705/35; 20|performance generated by |Frip: Ah, the never-ending debate, linear|
|claims; assigned to Hewlett-Packard |corresponding marketing |versus non-linear econometric models. |
|Development Company. |investments made as a function| |
| |of time; process involves | |
| |configuring an econometric | |
| |model defining a linear | |
| |relationship between the | |
| |financial performance and the | |
| |corresponding marketing | |
| |investments, and transforming | |
| |the econometric model into an | |
| |aggregated non-linear | |
| |econometric model. | |
|System and Method for Incorporating |Time series data including |Incorporation of qualitative factors into|
|Qualitative Inputs into Econometric Models; |data describing a financial |the econometric model. |
|US 8,180,694 B2; May 15, 2012; Class 705/35;|performance generated by | |
|20 claims; assigned to Hewlett-Packard |corresponding marketing |Frip: A patent on quantifying the |
|Development Company. |investments made as a function|qualitative factors. Cool. |
| |of time; process involves | |
| |configuring an econometric | |
| |model from the time series | |
| |data, the model including | |
| |linear coefficients that | |
| |define a quantitative linear | |
| |relationship between the | |
| |financial performance and the | |
| |corresponding marketing | |
| |investments, and adjusting the| |
| |linear coefficients in | |
| |accordance with qualitative | |
| |factors. | |
|Stock Purchase Indices; US 8,180,696 B2; May|Raw customer trading data; |Moving averages, stock purchase indices, |
|15, 2012; Class 705/36R; 21 claims; assigned|process involves aggregating |and stock buy and sell rankings, the |
|to Ameritrade IP Company, Inc. |to generate daily transaction |stock purchase indices being based on a |
| |total counts for all stocks |diffusion index technique of segregating |
| |and for each individual stock.|buyers from sellers. |
| | | |
| | |Frip: Yikes! The diffusion index has |
| | |segregated me from my money! |
|Method of Trading in Real Estate |Asking rent data; lease rent |Trade of a financial instrument based on |
|Derivatives; US 8,180,697 B2; May 15, 2012; |data; maybe a value |the real estate derivative index value. |
|Class 705/36R; 33 claims. |representative of general | |
| |market conditions; process |Frip: Mixing derivatives and real estate.|
| |involves generating a real |Way above this child’s head. |
| |estate derivative index value.| |
|Consumer Behaviors at Lender Level; US |Data on lenders derived from |Risk index and an account default |
|8,180,703 B2; May 15, 2012; Class 705/38; 20|their respective consumers; |prediction based upon the risk index. |
|claims; assigned to American Express Travel |spend capacity of the | |
|Related Services Company, Inc. |consumers. |Frip: American Express, still infatuated |
| | |with the concept of spend capacity. |
|System, Method and Computer Program Product |Multiple market raw data sets |One or more reports that graphically |
|for an Interactive Business Services Price |comprising data describing |display a calculated industry pricing |
|Determination and/or Comparison Model; US |characteristics of business |index or a determined contract price. |
|8,180,710 B2; May 15, 2012; Class 705/400; |services including price of | |
|21 claims. |service and at least one of |Frip: Your basic crunch-a-bunch-of-data |
| |type of service, scope of |patent. |
| |service, volume of service, | |
| |quality of service, and other | |
| |complexity or demographic data| |
| |that drive price; process | |
| |encompasses various data | |
| |manipulation steps including | |
| |normalizing and adjusting, and| |
| |calculating and plotting. | |
| |
|May 22, 2012 |
| |
|Total 705 Class patents issued: 76 |
|Data In-Data Out patents: at the very least, 15 |
|PATENT |DATA IN |DATA OUT |
|Health Care Financing System and Method; US |Health care financial |Determination and notification of |
|8,185,408 B2; May 22, 2012; Class 705/2; 18 |assistance information, |eligibility for a health care plan or |
|claims; assigned to Transunion Intelligence |including qualification |plans. |
|LLC. |criteria, associated with | |
| |multiple potential health care|Frip: The Supreme Court is gonna love |
| |financial assistance plans; |finding this baby unconstitutional. |
| |patient data including credit | |
| |information. | |
|System and Method for Benefit Plan Cost |Historical utilization data |Menu of benefit plans. |
|Estimation; US 8,185,413 B2; May 22, 2012; |for a population combined with| |
|Class 705/4; 12 claims; assigned to Express |projected plan selections |Frip: RomneyCare! Or maybe ObamaCare. |
|Scripts, Inc. |based upon presumed | |
| |participant objectives, such | |
| |as cost minimization; survey | |
| |data from a sample of the | |
| |given population relating to | |
| |expected benefit utilization | |
| |and/or plan preference | |
| |criteria; and survey and/or | |
| |historical data from | |
| |preexisting statistical | |
| |samples exhibiting | |
| |characteristics similar to the| |
| |participant population | |
| |regarding benefit utilization | |
| |and/or plan preference | |
| |criteria. | |
|Methods and Systems for Comparing Employee |Data from a user on attributes|Report based on plan comparison. |
|Insurance Plans among Peer Groups; US |of an insurance plan of an | |
|8,185,415 B2; May 22, 2012; Class 705/4; 21 |employee; data on other plans;|Frip: Under Plan A, you get one free |
|claims; assigned to HighRoads, Inc. |comparison criteria. |measles shot. Under Plan B, two shots. |
|Method and System for Providing Multiple |Data on a product, such as |Display of the price combinations. |
|Real-Time Pricing Quotes Based on Optional |auto insurance, with multiple | |
|Consumer Variables; US 8,185,417 B1; May 22,|optional features; process |Frip: Patent on a high deductible? |
|2012; Class 705/4; 12 claims; assigned to |involves pricing combinations | |
|USAA. |of the various optional | |
| |features. | |
|Supplier Stratification; US 8,185,430 B2; |Answers corresponding to a |Level of risk presented to the business |
|May 22, 2012; Class 705/7.28; 30 claims; |series of questions for |by a supplier of goods or services. |
|assigned to Bank of America Corporation. |measuring risk posed to a | |
| |business by the supplier of |Frip: It seems risk indices are great |
| |goods or services to the |patent material. |
| |business; process involves | |
| |calculating an inherent risk | |
| |index (IRI) and a remediated | |
| |risk index (RRI), and other | |
| |stuff. | |
|Data Processing System for Pricing, Costing |Financial transaction; process|Pricing of and billing for a financial |
|and Billing of Financial Transactions; US |involves defining product |transaction. |
|8,185,440 B2; May 22, 2012; Class 705/20; 21|rules for each financial | |
|claims; assigned to Financial Systems |transaction, locating an |Frip: Tie me kangaroo down, Sport. Tie me|
|Technology (Intellectual Property) Pty. Ltd.|appropriate product rule for a|kangaroo down. |
|(Australia). |particular financial | |
| |transaction, linking the | |
| |product rule to a | |
| |corresponding price table, | |
| |calculating a price using the | |
| |pricing method contained in | |
| |the price table, and billing | |
| |the appropriate party using | |
| |the billing method contained | |
| |in the price table. | |
|System and Method of Providing Fuel; US |Wholesale price data; customer|Updated balance data. |
|8,185,449 B2; May 22, 2012; Class 705/26.2; |order data; process relates to| |
|14 claims; assigned to The Royal Bank of |a method of providing fuel, |Frip: So the Scots are patenting a fuel |
|Scotland (plc), (UK). |and more particularly, but not|billing process? Well, I suppose it is a |
| |exclusively, to providing fuel|business method, but it seems so |
| |at a plurality of filling |Accounting 101. |
| |stations through calculating | |
| |prices and fuel volume, | |
| |sending order and transaction | |
| |data, and updating balances. | |
|Method and System for Structuring a |Value for each of multiple |Payment amounts for future payment |
|Mortgage; US 8,185,456 B2; May 22, 2012; |loan parameters associated |periods. |
|Class 705/35; 32 claims; assigned to Crew |with a collateralized loan | |
|Financial LLC. |from a lender to a borrower; |Frip: Estimated future income? Zilch, |
| |estimated future income of the|nada. Now gimme my loan. |
| |borrower for each of multiple | |
| |time periods; payment | |
| |algorithm. | |
|Transaction Risk Analyzer; US 8,185,457 B1; |Factors in connection with a |Recommended actions to mitigate losses |
|May 22, 2012; Class 705/35; 21 claims; |transaction, the factors |potentially resulting from the |
|assigned to USAA. |including, for example, the |transaction. |
| |relationship of a customer to | |
| |the financial services |Frip: Everybody is trying to find the |
| |company, the network identity |Holy Grail of fraud prevention. |
| |of the customer, and the | |
| |behavior pattern of the | |
| |customer; set of business | |
| |rules; process involves | |
| |distinguishing between | |
| |potentially fraudulent | |
| |transactions and legitimate | |
| |transactions. | |
|System, Method and Computing Device for |Collection of hash values |Indicator of whether a matching hash |
|Detecting Duplicate Financial Documents; US |representative of previously |value has been found, which might |
|8,185,459 B2; May 22, 2012; Class 705/35; 27|processed financial documents,|indicate fraud. |
|claims; assigned to Symcor Inc. (Canada). |maintained in a memory; new | |
| |financial document; process |Frip: Caught by the short hairs of your |
| |involves generating hash |hash value. |
| |values for the new document | |
| |and comparing the generated | |
| |hash values to the stored hash| |
| |values. | |
|Longevity Analysis and Modifiable Attribute |Database of attribute |Determination and outputting of one or |
|Identification; US 8,185,461 B2; May 22, |profiles, each attribute |more modifiable lifestyle attributes |
|2012; Class 705/35; 4 claims; assigned to |profile comprising pangenetic |associated with the individual that will |
|Expanse Networks, Inc. |and modifiable lifestyle |result in an increase in expected |
| |attributes along with |longevity. |
| |longevity data correlating | |
| |said respective pangenetic and|Frip: And this got classified in a |
| |lifestyle attributes; query |predominately financial class (705/35) |
| |associated with an individual;|how? |
| |attribute profile associated | |
| |with the individual. | |
|Interactive Systems and Methods for |Financial information of an |Computer graphic display of multiple |
|Insurance-Related Activities; US 8,185,463 |individual or a family. |interdependent domains from a group that |
|B1; May 22, 2012; Class 705/36R; 32 claims; | |comprises a protection domain, an assets |
|assigned to The Guardian Life Insurance | |domain, a liabilities domain, and a cash |
|Company of America. | |flow domain, the graphic display |
| | |including a breakdown of assets based on |
| | |one of liquidity and tax status, a |
| | |breakdown of liabilities based on one of |
| | |interest rate and time to pay debt, or a |
| | |breakdown of cash flow based on whether |
| | |income is earned, unearned, guaranteed, |
| | |or variable. |
| | | |
| | |Frip: Sometimes the best way to get past |
| | |a patent examiner is to confuse him or |
| | |her. |
|User Interface for an Electronic Trading |Price data on items; process |Graphic display of bid and ask |
|System; US 8,185,467 B2; May 22, 2012; Class|involves generating and |indicators. |
|705/37; 30 claims; assigned to Trading |displaying value axes. | |
|Technologies International, Inc. | |Frip: TTI, cornering the market on |
| | |graphic displays. |
|System and Method for Smart Hedging in an |Definition for a spread |Completion or not of the spread strategy.|
|Electronic Trading Environment; US 8,185,468|strategy comprising at least a| |
|B2; May 22, 2012; Class 705/37; 18 claims; |first tradeable object and a |Frip: One-percenters having a blast. |
|assigned to Trading Technologies |second tradeable object; | |
|International, Inc. |desired spread price; process | |
| |involves partially or | |
| |completely filling a first | |
| |order and then determining if | |
| |the price of a second order | |
| |would result in achieving the | |
| |desired spread price defined | |
| |for the spread strategy. | |
|Computer-Based Method for Teaming Research |Historical market and |Investment recommendations for a |
|Analysts to Generate Improved Securities |financial data; process |user-selected set of securities in an |
|Investment Recommendations; US 8,185,469 B2;|involves electing a team of |ongoing manner. |
|May 22, 2012; Class 705/37; 21 claims; |research providers or analysts| |
|assigned to Markit On Demand, Inc. |from a set of such providers |Frip: Get a bunch of “experts,” make a |
| |and then testing or validating|bunch of money. Or at least get a patent.|
| |the selected team using | |
| |historical market and | |
| |financial data to determine | |
| |their performance when their | |
| |recommendations are aggregated| |
| |according to user-selected | |
| |weighting and recommendation | |
| |aggregation rules. | |
| |
|May 29, 2012 |
| |
|Total 705 Class patents issued: 95 |
|Data In-Data Out patents: at the very least, 10 |
|PATENT |DATA IN |DATA OUT |
|Click Based Trading with Intuitive Grid |Market information; process |Dynamic display on a user interface of an|
|Display of Market Depth and Price |includes generating |electronic trading system the |
|Consolidation; US 8,190,501 B2; May 29, |consolidated price levels and |consolidated quantity indicator in |
|2012; Class 705/35; 20 claims; assigned to |quantity indicators. |association with the consolidated price |
|Trading Technologies International, Inc. | |level on a price axis including multiple |
| | |consolidated price levels for the |
| | |commodity, the display including multiple|
| | |locations in an order entry region for |
| | |the entry of orders. |
| | | |
| | |Frip: Electronic speed trading, that’s |
| | |the name of the game. |
|Management of Goals and Recommendation; US |Financial planning objectives;|Financial planning goal and |
|8,190,502 B2; May 29, 2012; Class 705/36R; |information relating to the |recommendations for meeting the goal, and|
|41 claims; assigned to Ameriprise Financial,|financial planning objectives.|additional stuff. |
|Inc. | | |
| | |Frip: A patent on words? |
|Systems and Methods for Swap Contracts |Trade data for trades of swap |Executed trade and incorporation of data |
|Management with a Discount Curve Feedback |contracts; process involves |about the trade into a feedback loop that|
|Loop; US 8,190,503 B2; May 29, 2012; Class |determining a discount curve |adjusts the discount curve in real time. |
|705/36R; 31 claims; assigned to |for projected prices of future| |
|International Derivatives Clearing Group, |swap contracts over time. |Frip: Real time, like in the speed of |
|LLC. | |light. |
|Corporate Payments, Liquidity and Cash |Financial data for a financial|Action proposal that moves the liquidity |
|Management Optimization Service Platform; US|portfolio, the financial data |analysis result toward the liquidity |
|8,190,504 B1; May 29, 2012; Class 705/36R; |comprising account |optimization goal. |
|24 claims; assigned to Accenture Global |identifiers, account balances,| |
|Services Limited (Ireland). |incoming cash-flow event |Frip: Wow, patent on the great god |
| |identifiers, and outgoing |liquidity. |
| |cash-flow event identifiers; | |
| |process involves a liquidity | |
| |analysis result, a liquidity | |
| |simulation program, and a | |
| |liquidity optimization goal. | |
|System and Method for Providing a Financial |A total return associated with|Valuation data for the financial contract|
|Product Linked to a Specific Return; US |an asset for the performance |using the determined specific return and |
|8,190,505 B2; May 29, 2012; Class 705/37; 30|period; a risk-free return for|the payout criteria. |
|claims; assigned to Morgan Stanley. |the performance period; a | |
| |common factor return |Frip: This is certainly a patent on |
| |associated with the asset for |something. |
| |the performance period; payout| |
| |criteria; process includes | |
| |calculating a specific return | |
| |using the total, risk-free, | |
| |and common factor returns. | |
|Solutions Server; US 8,190,506 B2; May 29, |Problem definitions for |Solutions for the problems and |
|2012; Class 705/37; 39 claims; assigned to |problems; environmental |communication of those solutions to |
|E*Trade Financial Corporation. |information required for |users, in a securities trading context |
| |generating solutions for the |the solutions being about trading |
| |problems; in a securities |securities. |
| |trading context, data-in | |
| |includes quote price, quote |Frip: Lotsa inside-the-market stuff here.|
| |quantity, quote market | |
| |participant ID, and quote | |
| |side. | |
|System and Method for Price-Based |Trader-supplied definition for|Display of the annotation information |
|Annotations in an Electronic Trading |an annotation, the definition |along the price axis. |
|Environment; US 8,190,509 B2; May 29, 2012; |including an annotation price | |
|Class 705/37; 11 claims; assigned to Trading|level and annotation |Frip: TTI, not lettin’ the grass grow |
|Technologies International, Inc. |information; graphic display |under its fleet feet. |
| |includes a price axis with | |
| |multiple price levels. | |
|System and Method for Estimating and |User-defined input variables; |Transaction cost estimation report. |
|Optimizing Transaction Costs; US 8,190,510 |user’s trading profile; market| |
|B2; May 29, 2012; Class 705/37; 14 claims; |variables; process involves |Frip: The ol’ estimation patent. Quite |
|assigned to ITG Software Solutions, Inc. |cost estimation and |common these days. |
| |optimization algorithms that | |
| |model transaction costs. | |
|Systems, Methods and Computer Program |Customer credit application |Customized loan terms. |
|Products for Offering Consumer Loans Having |data; credit bureau data; | |
|Customized Terms for Each Customer; US |process involves calculating a|Frip: Psst, got a deal for you. |
|8,190,511 B2; May 29, 2012; Class 705/38; 14|weighted expected probability | |
|claims; assigned to American Express Travel |of default for a loan to the | |
|Related Services Company, Inc. |customer and a risk from debt | |
| |burden of the customer based | |
| |at least in part upon income | |
| |volatility, and determining | |
| |customized loan terms that are| |
| |above the risk free rate. | |
|Calculating Credit Worthiness Using |Transactional data |Credit worthiness of the user. |
|Transactional Data; US 8,190,515 B2; May 29,|corresponding to transactions | |
|2012; Class 705/38; 16 claims; assigned to |associated with a user; |Frip: Your luxury index way too high. No |
|Bank of America Corporation. |process involves categorizing |credit for you. |
| |the transactional data into at| |
| |least luxury transactions and | |
| |necessity transactions and | |
| |calculating a luxury index and| |
| |a necessity income | |
| |standardized momentum trend | |
| |risk index for the user. | |
| |
|June 5, 2012 |
| |
|Total 705 Class patents issued: 105 |
|Data In-Data Out patents: at the very least, 16 |
|PATENT |DATA IN |DATA OUT |
|Insurance Product, Rating System and Method;|Insured’s basic data; savings |Insured floor dollar value, premium, and |
|US 8,195,484 B2; June 5, 2012; Class 705/4; |criteria; savings data; risk |insurance product. |
|39 claims; assigned to Hartford Steam Boiler|distribution data; confidence | |
|Inspection and Insurance Company. |data. |Frip: Wow! What a concept! |
|Objective Achievement Management; US |Data related to a business |Initiatives to achieve the business |
|8,195,503 B2; June 5, 2012; Class 705/7.36; |objective; set of drivers |objective. |
|30 claims; assigned to Bank of America |related to the objective; | |
|Corporation. |process involves calculating a|Frip: So BofA, does this mean a higher |
| |gap for each driver between a |interest rate on my savings? |
| |baseline and a goal for the | |
| |objective, may further include| |
| |analyzing the gap to associate| |
| |a quantity of gap points with | |
| |each driver to achieve the | |
| |goal, and other stuff. | |
|Web-Based Issuer Support Services; US |Issue and issuer data |Composite report that includes the issue |
|8,195,542 B2; June 5, 2012; Class 705/35; 20|concerning a specific issuer |and issuer data, the filing and financial|
|claims; assigned to The NASDAQ OMX Group, |and one or more securities |data, the compliance data indicative of |
|Inc. |issued by the specific issuer;|the specific issuer's state of |
| |filing and financial data |compliance, and the trade data. |
| |concerning the specific | |
| |issuer; compliance data |Frip: Patent on a report; classic data |
| |indicative of the specific |in-data out. |
| |issuer's state of compliance; | |
| |trade data concerning the one | |
| |or more securities issued by | |
| |the specific issuer. | |
|Methods and Systems for Determining |Sectors for the commodity |Constant maturity commodity index. |
|Composition of a Commodity Index; US |index; commodity components | |
|8,195,543 B2; June 5, 2012; Class 705/35; 13|for the selected sectors; |Frip: Claims seem narrower than the spec.|
|claims; assigned to UBS AG (Switzerland). |process involves calculating |But what does Frip know? |
| |sector and individual contract| |
| |weights. | |
|Visual Representation and Configuration of |Market data; trader’s input. |An acceptable range of prices for a |
|Trading Strategies; ; US 8,195,545 B2; June | |trading strategy, modifiable and |
|5, 2012; Class 705/35; 44 claims; assigned | |displayed on a graphical user interface. |
|to Trading Technologies International Inc. | | |
| | |Frip: TTI, do ya’ ever run out of ideas? |
|Methods and Systems for Risk Evaluation; US |Stuff about the risk of an |Risk status of the first object by using |
|8,195,546 B2; June 5, 2012; Class 705/35; 21|object, including object |the first risk estimation-value and the |
|claims; assigned to SAP AG (Germany). |estimation-value and risk |risk status of the second object. |
| |status; stuff about the risk | |
| |of a second object. |Frip: Guess things in German are hard to |
| | |translate. |
|System and Method for Regulating Order Entry|Individual spread orders or |Slop parameters such as inside slop, |
|in an Electronic Trading Environment; US |customized groups of orders. |outside slop, and/or adjustable range |
|8,195,548 B2; June 5, 2012; Class 705/35; 9 | |parameters to one or more orders, slop |
|claims; assigned to Trading Technologies | |apparently referring to the regulation of|
|International Inc. | |order entry. |
| | | |
| | |Frip: “Slop.” Cool. |
|Determining Commercial Share of Wallet; US |Individual and aggregate |Commercial size of spending wallet of the|
|8,195,550 B2; June 5, 2012; Class 705/35; 20|corporate data; process |company. |
|claims; assigned to American Express Travel |includes regression analysis | |
|Related Services Company, Inc. |and focuses on financial |Frip: American Express feels toward share|
| |statement data of the company,|of wallet analysis like a dog feels |
| |total known business spending |toward a bone. |
| |of the company, trade credit | |
| |data, and a model of industry | |
| |spending patterns. | |
|System and Method for Presenting a |Results of a consumer |Information describing a recommended |
|Competitive Comparison of a Recommended or |profiling process to determine|financial transaction account or custom |
|Custom Card; US 8,195,551 B2; June 5, 2012; |psychographic characteristics |card, information describing a comparable|
|Class 705/35; 20 claims; assigned to |of the consumer |financial transaction account, and a |
|American Express Travel Related Services | |comparison between the recommended |
|Company, Inc. | |financial transaction account and the |
| | |comparable financial transaction account.|
| | | |
| | |Frip: Your principal psychographic |
| | |characteristic is that you’re odd. |
|System and Method for Evaluating Risk |First estimated value of a |Risk value indicating the risk associated|
|Associated with Property; US 8,195,552 B1; |property; second estimated |with the subject property. |
|June 5, 2012; Class 705/36R; 14 claims; |value of the property; process| |
|assigned to CoreLogic Valuation Services, |involves calculating an |Frip: Don’t worry. You’re gonna pay too |
|LLC. |automated valuation model |much anyway. |
| |(AVM) variance, a median | |
| |variance, and an appreciation | |
| |value. | |
|Price Charting System and Technique; US |Collection of price data |Indication of a state of a market for the|
|8,195,553 B2; June 5, 2012; Class 705/36R; |relating to an investment; |investment as being traded at a fair |
|20 claims; assigned toMicroQuant, LLC. |process involves generating |value, as overvalued, or as undervalued. |
| |volatility-adjusted relative | |
| |price data related to the |Frip: Buy high, sell low. |
| |investment. | |
|Method and Interface for Consolidating Price|Trading data. |Price and quantity displays. |
|Levels on a Trading Screen; US 8,195,554 B2;| | |
|June 5, 2012; Class 705/36R; 31 claims; | |Frip: TTI, you’re giving me a headache. |
|assigned to Trading Technologies | | |
|International Inc. | | |
|System and Method for Determining an Index |Market information about a |Index comprising a statistical composite |
|for an Item Based on Market Information; US |luxury item; process involves |that measures changes in a financial |
|8,195,559 B2; June 5, 2012; Class 705/37; 27|determining a standard profile|market associated with the luxury item. |
|claims; assigned to BGC Partners, Inc. |for the luxury item based on | |
| |the compiled market |Frip: Is beer a luxury item? |
| |information, and determining | |
| |index information based on the| |
| |compiled market information | |
| |and the standard profile. | |
|System and Method for Quick Quote |Desired strategy price for a |Appropriate market orders. |
|Configuration; US 8,195,561 B2; June 5, |trading strategy including a | |
|2012; Class 705/37; 24 claims; assigned to |first leg for a first |Frip: Some day electronic markets are |
|Trading Technologies International Inc. |tradeable object and second |gonna take the whole shebang into the |
| |leg for a second tradeable |crapper. |
| |object, wherein the first leg | |
| |for the first tradable object | |
| |is initially selected as a leg| |
| |to be quoted and the second | |
| |leg for the second tradeable | |
| |object is initially selected | |
| |as a leg to be hedged; process| |
| |includes dynamically switching| |
| |the selected legs. | |
|System and Method for Displaying Market |Market information. |Graphic displays of the market in a |
|Information in an Electronic Trading | |center position (or near the center |
|Environment; US 8,195,562 B2; June 5, 2012; | |position) so that the market and price |
|Class 705/37; 19 claims; assigned to Trading| |levels around the market can be easily |
|Technologies International Inc. | |found while still maintaining an |
| | |intuitive view of the market. |
| | | |
| | |Frip: Ah, the ol’ intuitive market view |
| | |patent. |
|Systems and Methods for Point of Interaction|Payment request for at least a|Transmission of the authorization request|
|Based on Policy Routing of Transactions; US |portion of a transaction; |to the payment system. |
|8,195,565 B2; June 5, 2012; Class 705/39; 19|predetermined rules and stuff;| |
|claims; assigned to Lead Core Fund, L.L.C. |process includes determining a|Frip: Jus’ a sec while my patent looks up|
| |payment system for processing |a payment system. |
| |the at least a portion of the | |
| |transaction by accessing a | |
| |payment directory. | |
| |
|June 12, 2012 |
| |
|Total 705 Class patents issued: 86 |
|Data In-Data Out patents: at the very least, 14 |
|PATENT |DATA IN |DATA OUT |
|Method and System for Determining the |An insurance policy |Importance of each of the variables that |
|Importance of Individual Variables in a |profitability scoring formula |contribute to the overall score of a |
|Statistical Model; US 8,200,511 B1; June 12,|comprising a sum of multiple |model for predicting the profitability of|
|2012; Class 705/4; 15 claims; assigned to |predictive input variables |an insurance policy. |
|Deloitte Development LLC. |each having a weighting | |
| |co-efficient; values for some |Frip: Any algorithms here, you ask? |
| |or all of the variables; | |
| |process involves partial | |
| |derivatives, deviance values, | |
| |and other stuff. | |
|Issuer Support Services; US 8,200,556 B2; |Issue and issuer data and |Compliance data indicative of the |
|June 12, 2012; Class 705/35; 26 claims; |filing and financial data |specific issuer's state of compliance. |
|assigned to The NASDAQ OMX Group, Inc. |concerning a specific issuer | |
| |and one or more securities |Frip: Hopes this works better than |
| |issued by the specific issuer.|Nasdaq’s IPO for Facebook. |
|Systems and Method for Providing Migration |Data to reflect information on|Migration and performance matrices that |
|and Performance Matrices; US 8,200,557 B2; |the likelihood that a rated |aid in analyzing risk and performance. |
|June 12, 2012; Class 705/35; 14 claims; |entity will change its current| |
|assigned to SAP AG (Germany). |rating within a given time |Frip: Patent on matrices. |
| |period; information reflecting| |
| |retention rates; information | |
| |describing the effect of | |
| |changed exchanged rates on | |
| |different data; other stuff. | |
|Object Oriented Financial Analysis Tool; US |Financial data; process |Financial calculation results. |
|8,200,559 B1; June 12, 2012; Class 705/35; |involves a financial analysis | |
|30 claims; assigned to The MathWorks, Inc. |program with an object |Frip: Not a patent on algorithms? |
| |oriented architecture having a| |
| |number of abstract classes | |
| |associated with performing | |
| |financial calculations, the | |
| |abstract classes including an | |
| |instruments class, a models | |
| |class, and an interface to | |
| |allow a user to enter | |
| |instrument parameters. | |
|Object Oriented Financial Analysis Tool; US |Financial data and parameters;|Financial calculation results. |
|8,200,560 B1; June 12, 2012; Class 705/35; |process involves defining a | |
|27 claims; assigned to The MathWorks, Inc. |common base class associated |Frip: Sorta like the preceding patent, |
| |with performing multiple |only different. |
| |financial calculations, | |
| |defining an instrument class | |
| |within the common base class, | |
| |the instrument class | |
| |identifying multiple equity, | |
| |debt, or derivatives | |
| |instruments, and defining a | |
| |models class within the common| |
| |base class. | |
|System and Method for Generating a |Financial holdings of a plan |Financial statement that includes a |
|Transactionable Multimedia Financial |holder; financial goals. |summary of financial information with an |
|Planning Statement; US 8,200,562 B2; June | |analysis of the financial holdings, an |
|12, 2012; Class 705/36R; 21 claims; assigned| |identification of weaknesses in the |
|to Massachusetts Mutual Life Insurance | |financial holdings, and suggestions to |
|Company. | |the financial plan holder to remedy the |
| | |weaknesses in the financial holdings. |
| | | |
| | |Frip: Hal the Computer say your finances |
| | |in deep do-do. |
|Method and System for Creating an Equity |Application to participate in |Equity exchange fund. |
|Exchange Fund for Public and Private |a fund from at least one | |
|Entities; US 8,200,564 B2; June 12, 2012; |investor having a position in |Frip: And so you’ve got a share of what? |
|Class 705/36R; 17 claims; assigned to Reagan|at least one commercial | |
|Inventions, LLC. |entity; process includes | |
| |evaluating the entity based on| |
| |at least one predetermined | |
| |criteria, evaluating the | |
| |position in the entity, and | |
| |determining a number of shares| |
| |of the fund to be exchanged | |
| |for the position in the | |
| |entity. | |
|Fair Value Model Based System, Method, and |A universe of securities of a |Fair value price of each security. |
|Computer Program Product for Valuing |particular international | |
|Foreign-Based Securities in a Mutual Fund; |market; process involves |Frip: As good as done. |
|US 8,200,566 B2; June 12, 2012; Class |computing overnight returns of| |
|705/36R; 28 claims; assigned to ITG Software|each security, selecting at | |
|Solutions, Inc. |least one return factor of a | |
| |domestic financial market, | |
| |computing, for each selected | |
| |return factor, the return | |
| |factor's daily return, and | |
| |calculating, for each selected| |
| |return factor, a return factor| |
| |coefficient for each security | |
| |by performing a time series | |
| |regression. | |
|Tax-Aware Asset Allocation; US 8,200,561 B1;|Information regarding |Advice on a financial portfolio including|
|June 12, 2012; Class 705/36T; 44 claims; |financial products available |taxable and tax-deferred accounts. |
|assigned to Financial Engines, Inc. |for investment in a taxable | |
| |account and a tax deferred |Frip: At least this isn’t a tax strategy |
| |account of an investor; |patent, which the America Invents Act put|
| |current investment |a stop to (hopefully). |
| |information; tax | |
| |characteristics of the | |
| |financial products; financial | |
| |circumstances of the investor.| |
|Method of Computerized Monitoring of |For a specific trader and a |Determination if behavior of interest |
|Investment Trading and Associated System; US|specific investment, current |which may involve a rules violation, a |
|8,200,567 B2; June 12, 2012; Class 705/37; |and historic information |departure from the rules which is not |
|40 claims; assigned to Access Data |regarding selected trading |technically a violation, or a potential |
|Corporation. |parameters. |departure from the rules which might make|
| | |desirable further investigation has |
| | |occurred. |
| | | |
| | |Frip: In short, is it or is it not a |
| | |no-no. |
|Option Search Criteria Testing; US 8,200,569|Historical option data |List of option investments satisfying the|
|B1; June 12, 2012; Class 705/37; 29 claims; |reflecting financial market |user defined search criteria, the list |
|assigned to Power Financial Group, Inc. |conditions on multiple days in|comprising option investments of the |
| |the past; user defined search |identified type and having the defined |
| |criteria. |characteristics. |
| | | |
| | |Frip: Now Computer, find me some money. |
|System and Method for Displaying and/or |Price and time data regarding |Display of the market indicators on a |
|Analyzing a Limit Order Book; US 8,200,572 |limit orders entered onto an |graphical user interface. |
|B2; June 12, 2012; Class 705/37; 41 claims; |electronic market; process | |
|assigned to CFPH, LLC. |involves determining a market |Frip: “Market distance,” like in how far |
| |distance, the market distance |to the corner grocery? |
| |comprising a difference | |
| |between the price of the | |
| |respective limit order and a | |
| |market price, determining a | |
| |weighting based on the | |
| |determined market distance, | |
| |and calculating one or more | |
| |market indicators. | |
|Multi-Variable Transaction System and |Asset data and buyer finance |Transaction approval data that reflects |
|Method; US 8,200,573 B2; June 12, 2012; |data; seller variable |an optimization of variables. |
|Class 705/38; 14 claims; assigned to Skopos |distribution that generates | |
|Financial Group, LLC. |seller transaction state data;|Frip: “Optimization of variables.” Who |
| |finance variable distribution |doesn’t want that? |
| |that generates finance | |
| |transaction state data. | |
|Comprehension Online Loan Transaction; US |Financing application |In essence, an online loan. |
|8,200,576 B1; June 12, 2012; Class 705/39; |information via a network from| |
|21 claims; assigned to USAA. |a consumer; process involves |Frip: Look Ma! My computer just gave me a|
| |determining in real time |loan! |
| |whether the consumer is | |
| |eligible for financing and if | |
| |so generating a unique | |
| |transaction identification | |
| |usable by a seller to obtain | |
| |payment from the lending | |
| |institution providing the | |
| |financing to the consumer. | |
| |
|June 19, 2012 |
| |
|Total 705 Class patents issued: 79 |
|Data In-Data Out patents: at the very least, 14 |
|PATENT |DATA IN |DATA OUT |
|Method and Apparatus for Providing |Data relating to the benefit |Account value and initial and current |
|Retirement Income Benefits; US 8,204,767 B2;|plan, including data relating |benefit payments during the liquidity |
|June 19, 2012; Class 705/4; 17 claims; |to at least one of the account|period, and account value to be |
|assigned to Lincoln National Life Insurance |value, an AIR where AIR is one|annuitized at the end of the liquidity |
|Company. |of an assumed investment rate |period and initial and current annuity |
| |and an interest rate, |payments during the annuity period. |
| |systematic withdrawal and | |
| |annuity payments, the |Frip: Annuities, an indication that the |
| |liquidity period, the annuity |great finish line of life ain’t far off. |
| |period, and the annuity payout| |
| |option. | |
|System and Method for Projecting Flexible |Historical healthcare-related |Recommended flexible spending account |
|Spending Account Allocations; US 8,204,768 |claim and expense information;|allocation for a healthcare consumer. |
|B1; June 19, 2012; Class 705/4; 40 claims; |other stuff such as expected | |
|assigned to Intuit Inc. |changes in the consumer’s |Frip: Socialized medicine! |
| |health insurance plans, | |
| |dependents, tax regs, medical | |
| |services costs and so on. | |
|Estimating the Spend Capacity of Consumer |Household financial data; |Household size of wallet. |
|Households; US 8,204,774 B2; June 19, 2012; |consumer behavior model; | |
|Class 705/7.29; 17 claims; assigned to |process involves estimating |Frip: American Express’ infatuation with |
|American Express Travel Related Services |spend capacity for each |spend capacity and size of wallet stuff |
|Company, Inc. |tradeline in a household after|continues. |
| |eliminating duplicate | |
| |tradelines. | |
|System and Method for Predicting Card Member|Data of card members and |Restaurant recommendations. |
|Spending Using Collaborative Filtering; US |merchants; process involves | |
|8,204,784 B2; June 19, 2012; Class |filtering financial |Frip: American Express sent me to |
|705/14.52; 20 claims; assigned to American |transaction data from multiple|MacDonald’s. |
|Express Travel Related Services Company, |card members that involves | |
|Inc. |multiple restaurants to | |
| |generate a set of candidate | |
| |restaurant recommendations for| |
| |a selected card member. | |
|Multi-Company Business Accounting System and|Financial data for a |Financial report, the report lines being |
|Method for Same Including Financial |multi-company. |arranged into a tree view with the |
|Reporting; US 8,204,803 B2; June 19, 2012; | |multi-company accounting system, the tree|
|Class 705/30; 13 claims; assigned to Hantz | |view defining a hierarchical format for |
|Group, Inc. | |the financial report and being |
| | |displayable on a display of a computer |
| | |arrangement. |
| | | |
| | |Frip: Patent on a financial tree. |
|System for Associating Financial Transaction|User’s financial transaction |Data record that is the result of a |
|Data with User’s Project Data; US 8,204,804 |data; user’s project data; |conversion of a graphical arrangement of |
|B2; June 19, 2012; Class 705/30; 19 claims; |system allows a user to define|data. |
|assigned to JPMorgan Chase Bank, N.A. |project category data and | |
| |associate representations of |Frip: Oh, for the simpler times. |
| |the user's financial data with| |
| |the user-defined project | |
| |category data. | |
|Finance Function High Performance Capability|Business and industry finance |Finance-based performance capability |
|Assessment; US 8,204,809 B1; June 19, 2012; |and performance data; process |level, or something. |
|Class 705/35; 25 claims; assigned to |involves multiple key | |
|Accenture Global Services Limited (Ireland).|assessment performance |Frip: And yet, the business still went |
| |reference tables and, amongst |belly up. |
| |other stuff, three performance| |
| |capability levels: Basic, | |
| |Competitive, and Market | |
| |Leading. | |
|System and Method for Displaying Risk Data |Selection of a group of |Interactive grid displaying risk related |
|in an Electronic Trading Environment; US |traders that buy and sell |information such as profit, loss, and net|
|8,204,811 B2; June 19, 2012; Class 705/35; |tradeable objects offered for |position, and order related information. |
|28 claims; assigned to Trading Technologies |trade by at least one | |
|International, Inc. |electronic exchange; process |Frip: TTI, onward to the Brave New World.|
| |involves menu trees, data | |
| |nodes, grids, display cells, | |
| |and geek-stuff in general. | |
|System, Method and Framework for Generating |Risk factors; process based on|Risk factor scenarios. |
|Scenarios; 8,204,813 B2; June 19, 2012; |a generic framework that | |
|Class 705/36R; 9 claims; assigned to |provides levels of |Frip: Levels of abstraction. Cool. |
|Algorithmics Software LLC. |abstraction, segregates risk | |
| |factors and models, and | |
| |structures a scenario | |
| |generation process. | |
|Systems, Methods and Computer Program |Contingent claims, such as |Value of the contingent claim based upon |
|Products for Performing a Contingent Claim |calls or puts; process |the present value distribution of |
|Valuation; US 8,204,814 B2; June 19, 2012; |involves determining the |contingent future benefits and the |
|Class 705/36R; 33 claims; assigned to The |present value distribution of |present value distribution of exercise |
|Boeing Company. |contingent future benefits and|prices. |
| |of exercise prices. | |
| | |Frip: The ol’ present value patent. |
|System and Method for Providing Electronic |Market information for a |Price feed message comprising the |
|Price Feeds for Tradeable Objects; US |tradeable object being traded |indicator sequence, the plurality of |
|8,204,817 B2; June 19, 2012; Class 705/37; |at an electronic exchange, the|order quantities, and the non-linear |
|21 claims; assigned to Trading Technologies |market information comprising |price level. |
|International, Inc. |price levels and order | |
| |quantities; process includes |Frip: There’s a distinction between the |
| |generating an indicator |linear and the non-linear price levels, |
| |sequence comprising multiple |but it’s over Frip’s head. |
| |fields to represent the price | |
| |levels. | |
|Computer System and Method for Producing |Transactional data related to |Virtually any type of analytical data |
|Analytical Data Related to the Project Bid |a bid and project, the data |related to single or multiple projects |
|and Requisition Process; US 8,204,820 B2; |being from an on-line bid, |performed by one or more vendors for one |
|June 19, 2012; Class 705/37; 38 claims; |project requisition, and |or more buyers. |
|assigned to Volt Information Sciences, Inc. |payment process. | |
| | |Frip: Wow! The Holy Grail of Analytical |
| | |Data! |
|Method and Interface for Presenting Last |Trading information from an |Columnar order display of indicators for |
|Traded Quantity Information; US 8,204,822 |exchange. |orders, and a columnar estimated last |
|B2; June 19, 2012; Class 705/37; 27 claims; | |traded total sweep quantity region |
|assigned to Trading Technologies | |configured to display an estimated last |
|International, Inc. | |traded total sweep quantity representing |
| | |a number of trades executed over a |
| | |plurality of price levels. |
| | | |
| | |Frip: “Columnar.” Neat word, deserving of|
| | |a patent. |
|Estate Disposition Modeling; US 8,204,834 |Balance sheet data; estate |Flowcharts illustrating the disposition |
|B2; June 19, 2012; Class 705/312; 4 claims; |planning information; timing |of the estate, and tax and liquidity |
|assigned to JPMorgan Chase Bank, N.A. |and event information; process|analysis. |
| |involves the application of | |
| |conveyance and tax logic. |Frip: Dying in the warm embrace of |
| | |JPMorgan. Comforting. |
| |
|June 26, 2012 |
| |
|Total 705 Class patents issued: 67 |
|Data In-Data Out patents: at the very least, 5 |
|PATENT |DATA IN |DATA OUT |
|Analysis of Multiple Assets in View of |Information specifying a set |Values for decision variables, and stuff.|
|Uncertainties; US 8,209,202 B2; June 26, |of uncertainty variables for a| |
|2012; Class 705/7.11; 20 claims; assigned to|plurality of assets and |Frip: Just what you need to get through |
|Landmark Graphics Corporation. |specifying a functional |the day. |
| |relationship between a first | |
| |and a second of the | |
| |uncertainty variables, where | |
| |the first uncertainty variable| |
| |is associated with a first of | |
| |the assets, where the second | |
| |uncertainty variable is | |
| |associated with a second of | |
| |the assets; process involves | |
| |beaucoup algorithms. | |
|Proprietary Risk Management Clearinghouse; |Informational artifacts with |Calculated measurement of risk, which can|
|US 8,209,246 B2; June 26, 2012; Class |content related to at least |be a risk quotient or other rating based |
|705/35; 16 claims; assigned to Goldman, |one of reputational risk, |upon a weighted algorithm applied to the |
|Sachs & Co. |regulatory risk, and legal |risk variables. |
| |risk transaction including | |
| |requests involving |Frip: The ol’ risk algorithm patent. |
| |unaccustomed foreign account | |
| |activity, requests for secrecy| |
| |or exceptions to Bank Secrecy | |
| |Act requirements, requests for| |
| |routing through a secrecy | |
| |jurisdiction, and unusual fund| |
| |or transaction activity. | |
|Cross Correlation Tool for Automated |Descriptive attributes of a |Value of portfolio. |
|Portfolio Descriptive Statistics; US |portfolio of assets; process | |
|8,209,251 B2; June 26, 2012; Class 705/36R; |involves complex segmenting of|Frip: One of them thar’ cross correlation|
|36 claims; assigned to GE Corporate |a portfolio into major |patents. |
|Financial Services, Inc. |valuations and doing a bunch | |
| |of stuff to the assets in each| |
| |valuation. | |
|Matching Resources of a Securities Research |Values for attributes from an |Score for each account and a matching of |
|Department to Accounts of the Department; US|account attribute data store, |the resources of a securities research |
|8,209,253 B2; June 26, 2012; Class 705/36R; |wherein each of the attributes|department to the accounts based on the |
|20 claims; assigned to Morgan Stanley. |describes at least one of the |scores. |
| |accounts; process involves | |
| |generating a service score |Frip: A patent on organizing a research |
| |based at least in part on |department. |
| |values selected from the | |
| |values for the attributes. | |
|Systems and Methods of a Mortgage Pricing |Identification of price |Net price of the financial product. |
|Service; US 8,209,258 B1; June 26, 2012; |components that contribute to | |
|Class 705/38; 7 claims; assigned to Freddie |a net price of a financial |Frip: Grids and nodes. What would the |
|Mac. |product; process involves |first patent examiner, one T. Jefferson, |
| |pricing grids, information |have to say about them apples? |
| |grids, tree node structures, | |
| |and creation and use of a data| |
| |model. | |
| |
|July 3, 2012 |
| |
|Total 705 Class patents issued: 80 |
|Data In-Data Out patents: at the very least, 12 |
|PATENT |DATA IN |DATA OUT |
|Proxy Transactions and Delegation of |Login of identification |If requesting user is authorized to act |
|Transaction Capabilities and Roles for a |credentials; request to |on behalf of the other user, providing |
|Cash Handling Device; US 8,214,257 B1; July |perform transaction on behalf |the requesting user with a menu of |
|3, 2012; Class 705/16; 12 claims; assigned |of another user; process |available transactions, and receiving the|
|to Bank of America Corporation. |involves determining if the |selected transaction. |
| |requesting user is authorized | |
| |to act on behalf of the other |Frip: “Are you authorized to act? Well |
| |user. |then, act.” |
|Systems, Methods and Computer Program |Purchasing information |Provision of the environmental impact |
|Products for a Comprehensive Environmental |associated with purchases made|data and the environmental advisory data |
|Benefit Program Associated with a Commercial|via a commercial credit card; |to the commercial entity. |
|Credit Card; US 8,214,258 B2; July 3, 2012; |process involves determining | |
|Class 705/21; 48 claims; assigned to Bank of|environmental impact data |Frip: B of A, watching out for the |
|America Corporation. |related to the purchases and |environment. |
| |environmental advisory data | |
| |based on the purchases that | |
| |comprises at least one of a | |
| |suggestion for environmental | |
| |improvement or environmental | |
| |education data. | |
|Financial Activity Based on Natural Events; |Prediction of and investment |Determination of monetary payoff. |
|US 8,214,274 B2; July 3, 2012; Class 705/35;|of funds pertaining to the | |
|17 claims; assigned to Weather Risk |future occurrence of a natural|Frip: Gamblin’ on Katrina. |
|Solutions, LLC. |event; external objective | |
| |independent information about | |
| |whether the event occurred as | |
| |predicted. | |
|Multiple Transaction Property Valuation; US |Multiple transactions for a |Predicted value of the property. |
|8,214,275 B1; July 3, 2012; Class 705/35; 14|given property; process | |
|claims; assigned to Fannie Mae. |involves bias corrections, |Frip: Fannie, not givin’ up. |
| |weightings, and the like. | |
|Method and System for Providing Relative |Data such as, but not limited |Graphic displays of comparisons for the |
|Financial Position Data; US 8,214,276 B1; |to, overall financial position|individual. |
|July 3, 2012; Class 705/36R; 24 claims; |data, income and asset data, | |
|assigned to Intuit Inc. |expense data, transactional |Frip: Sorry. Your peers are doin’ better |
| |data, and demographic data for|than you. |
| |various individuals; process | |
| |involves comparing an | |
| |individual’s data with that | |
| |of similarly situated | |
| |individuals. | |
|Multidimensional Risk Analysis Systems; US |Real time market data. |Quantified market risk factors. |
|8,214,277 B2; July 3, 2012; Class 705/36R; | | |
|20 claims. | |Frip: Lotsa number crunching goin’ on |
| | |here. |
|System and Method for Efficiently Using |Market position; nature and |Adjustment to margin requirement based on|
|Collateral for Risk Offset; US 8,214,278 B2;|amount of collateral. |the correlation between the position and |
|July 3, 2012; Class 705/36R; 18 claims; | |the collateral. |
|assigned to Chicago Mercantile Exchange, | | |
|Inc. | |Frip: You realize, of course, that shad |
| | |catch futures have little correlation |
| | |with T-bills. |
|Method of Computerized Monitoring of |Historic trading data for a |Alarm report if rules have been violated.|
|Investment Trading and Associated System; US|specific trader; trading | |
|8,214,279 B2; July 3, 2012; Class 705/37; 32|parameters for the specific |Frip: Red Alert! Red Alert! Rules have |
|claims; assigned to Access Data Corporation.|trader and current information|been violated! |
| |regarding the parameters; | |
| |comparison rules; process may | |
| |be employed to monitor whether| |
| |market timing of mutual fund | |
| |investments has occurred. | |
|System and Method for Coordinating Automated|Market information; process |Trade recommendations or implementations.|
|and Semi-Automated Trading Tools; US |involves tracking, | |
|8,214,280 B2; July 3, 2012; Class 705/37; 16|coordinating, or both, the |Frip: “Lean on me. . . .” |
|claims; assigned to Trading Technologies |buying and selling of | |
|International, Inc. |available market quantities by| |
| |multiple automated or | |
| |semi-automated trading tools, | |
| |and can involve identification| |
| |of instances of “leaning” on | |
| |the same tradeable object. | |
|Automated Securities Trade Execution System |Order information from a |Executed order and report thereon. |
|and Method; US 8,214,282 B2; July 3, 2012; |client; filter rules. | |
|Class 705/37; 19 claims; assigned to Goldman| |Frip: Wham, bam, thank ya’ mam. |
|Sachs & Co. | | |
|Real Time Adaptive Control of Transaction |Data points, each of which |Real-time adaptations to a fraud screen |
|Review Rate Score Curve; US 8,214,285 B2; |includes a score; current |model. |
|July 3, 2012; Class 705/38; 57 claims; |inflection points associated | |
|assigned to Cypersource Corporation. |with a current inflection |Frip: Signal processing and real-time |
| |function, each inflection |feedback stuff. Heavy. |
| |point having a corresponding | |
| |score; process involves much | |
| |manipulating, delta outputs, | |
| |and other stuff. | |
|Computerized Extension of Credit to Existing|Information on demand deposit |Adjustment to an existing line of credit |
|Demand Deposit Accounts, Prepaid Cards and |accounts, prepaid cards, and |account of the customer. |
|Lines of Credit Based on Expected Tax Refund|existing lines of credit of a | |
|Proceeds, Associated Systems and Computer |customer; estimate of the tax |Frip: Here. Have more credit. Spend. It’s|
|Program Products; US 8,214,286 B1; July 3, |refund available from a tax |the American way. |
|2012; Class 705/38; 9 claims; assigned to |return of the customer. | |
|Metabank. | | |
| |
|July 10, 2012 |
| |
|Total 705 Class patents issued: 96 |
|Data In-Data Out patents: at the very least, 7 |
|PATENT |DATA IN |DATA OUT |
|Characterizing Relationships Among |Data that characterizes |Determination of likelihood of fraud. |
|Procedures Using Similarity Metrics; US |multiple procedures for a | |
|8,219,415 B2; July 10, 2012; Class 705/2; 19|single healthcare event; |Frip: Fair Isaac, searching for fraud in |
|claims; assigned to Fair Isaac Corporation. |process involves identifying |every nook and cranny. |
| |dynamically determined groups | |
| |associated with the | |
| |procedures, and determining | |
| |likelihood of the multiple | |
| |procedures being associated | |
| |with the single event. | |
|Valuation of Derivative Products; US |Calculated mark-to-market |Value of an exchange-traded interest rate|
|8,219,472 B2; July 10, 2012; Class 705/35; |values from a start of a |swap product over sequential but |
|22 claims; assigned to Chicago Mercantile |period to an end of the |nonconsecutive periods. |
|Exchange, Inc. |period, the calculation | |
| |employing swap value factors, |Frip: Finally, a way to value my |
| |each swap value factor being a|portfolio of interest rate swaps. |
| |sum of coupon value factors, | |
| |the calculation being | |
| |performed in accordance with a| |
| |really serious equation. | |
|Financial Portfolio Management System and |Financial information |Information on the client’s finances. |
|Method; US 8,219,473 B2; July 10, 2012; |associated with a client, the | |
|Class 705/35; 14 claims; assigned to |information being from |Frip: Thought I was rich, then my |
|Byallaccounts, Inc. |multiple sources; process |portfolio got “normalized.” |
| |involves normalizing the | |
| |financial information from the| |
| |financial sources into a | |
| |single normalized data format | |
| |and aggregating the financial | |
| |information into a financial | |
| |portfolio. | |
|Systems and Methods for Multi-Objective |Random population of initial |Efficient frontier for use in investment |
|Portfolio Analysis Using Pareto Sorting |portfolio allocations; process|decisions. |
|Evolutionary Algorithms; US 8,219,477 B2; |involves a multi-objective | |
|July 10, 2012; Class 705/36R; 28 claims; |process, an evolutionary |Frip: Not a computer program per se? |
|assigned to General Electric Company. |algorithm, and a bunch more. | |
|Website and Computer Program for Transfer of|Equity investments and |Performance of portfolios. |
|Return on Investment on a Real Time Basis |financial data related | |
|for OIBITDA; US 8,219,479 B1; July 10, 2012;|thereto; process includes |Frip: Patent on a website? |
|Class 705/36R; 18 claims. |calculating OiBiTDA (operating| |
| |income before interest, tax, | |
| |depreciation, and | |
| |amortization) of each equity | |
| |investment, ROI for an entire | |
| |company, and other stuff. | |
|System and Method for Changing the View of a|User selection of a price |Reposition market information on a |
|Trading Screen; US 8,219,486 B2; July 10, |level. |trading screen. |
|2012; Class 705/37; 20 claims; assigned to | | |
|Trading Technologies International, Inc. | |Frip: Sorta like an automatic mouse. |
|Systems and Methods for Providing ACH |Incoming ACH transactions |For flagged transactions, initiation of |
|Transaction Notification and Facilitating |involving subscriber accounts |corrective action. |
|ACH Transaction Disputes; US 8,219,491 B2; |at a financial institution; | |
|July 10, 2012; Class 705/44; 17 claims. |preset notification criteria; |Frip: Gettin’ into the nitty gritty of |
| |process involves comparing the|the payments system. |
| |incoming transactions to the | |
| |notification criteria. | |
| |
|July 17, 2012 |
| |
|Total 705 Class patents issued: 97 |
|Data In-Data Out patents: at the very least, 7 |
|PATENT |DATA IN |DATA OUT |
|System and Method for Administering |Amount of an initial funding |Determination of the various payments as |
|Annuities; US 8,224,673 B2; July 17, 2012; |payment, an interest rate |they are due. |
|Class 705/4; 23 claims; assigned to Hartford|formula and a term for an | |
|Fire Insurance Company. |accumulation annuity; other |Frip: 400 clerks just lost their jobs. |
| |terms including a deferral |That’s why the unemployment ain’t coming |
| |term for a guaranteed income |down anytime soon. |
| |annuity. | |
|System and Method for Administering Life |Data indicative of an |Initially, determination of whether the |
|Insurance Policies Issued Prior to |application and an initial |proposed insured is uninsurable, and if |
|Underwriting; US 8,224,677 B2; July 17, |premium payment from a |so, determination of a rating of the |
|2012; Class 705/4; 33 claims; assigned to |proposed insured for life |proposed insured and, based on the |
|Hartford Fire Insurance Company. |insurance; data indicative of |rating, an output signal indicative of a |
| |a result of a comprehensive |same or changed premium for the policy. |
| |underwriting process. | |
| | |Frip: Another 400 clerks, gone. |
|Systems and Methods for Modeling Insurance |Claim scenario parameters for |Coverage parameter disparities and maybe |
|Coverage; US 8,224,679 B1; July 17, 2012; |an insurance policy; other |even an insurance policy. |
|Class 705/4; 17 claims; assigned to USAA. |stuff. | |
| | |Frip: The unemployment ranks are being |
| | |flooded with insurance clerks. |
|Account Opening System, Method and Computer |Customer information, account |New account. |
|Program Product; US 8,224,723 B2; July 17, |information, and other | |
|2012; Class 705/35; 22 claims; assigned to |criteria; process includes |Frip: JP, offering banking to folks like |
|JPMorgan Chase Bank, N.A. |automatic rate determination, |you and me. Well, not really. |
| |profile auditing, and other | |
| |stuff. | |
|Scanning Based Spreads Using a Hedge Ratio |Data on derivatives and their |Quantities of each of multiple derivative|
|Non-Linear Optimization Model; US 8,224,730 |underlying products, including|products to include in a portfolio, each |
|B2; July 17, 2012; Class 705/35; 18 claims; |the product deltas that are |of the derivative products being |
|assigned to Chicago Mercantile Exchange, |representative of position and|characterized by a product position based|
|Inc. |price sensitivities. |on the underlying product and a product |
| | |delta representative of a sensitivity of |
| | |the product position to change in price |
| | |of the underlying product, and more. |
| | | |
| | |Frip: Delta Force, inbound. Opps, wrong |
| | |movie. |
|Financial Risk Cover Analysis, Modeling |Returns behaviors connecting |Removal of subpar investments, or |
|Control and Monitoring System; US 8,224,734 |statistical behavior of each |something like that. |
|B2; July 17, 2012; Class 705/36; 12 claims; |potential allocation of a | |
|assigned to Bastgone, LLC. |submanager to a resultant |Frip: Sometimes the words just get in the|
| |statistical behavior of a |way. |
| |Financial Risk Cover | |
| |associated with a client | |
| |portfolio; process involves | |
| |creating a total set of | |
| |Financial Risk Cover | |
| |configurations and | |
| |simulations, modeling, and | |
| |stuff. | |
|Methods, Software, and Systems for |Data comprising information |Display of information about the verified|
|Over-the-Counter Trading; US 8,224,738 B2; |about the price of a security;|suspect source data to a user. |
|July 17, 2012; Class 705/37; 12 claims; |identifying and verifying | |
|assigned to Credit Market Analysis, Ltd. |suspect source data, the |Frip: Hash functions? Anyone? |
|(UK). |process involving hash | |
| |functions and hash keys. | |
| |
|July 24, 2012 |
| |
|Total 705 Class patents issued: 108 |
|Data In-Data Out patents: at the very least, 12 |
|PATENT |DATA IN |DATA OUT |
|Computer Implemented Method of Tracking |Spending transactions by a |Graphic display including a first bar |
|Customer Spending and Income; US 8,229,806 |customer during a time period;|indicating customer income and a second |
|B1; July 24, 2012; Class 705/35; 16 claims; |estimate of customer income. |bar indicating customer spending. |
|assigned to The PNC Financial Services | | |
|Group, Inc. | |Frip: Patent on a spreadsheet tool? |
|System and Method for Use in Management of |Fund expense calculation data;|Trade instructions, payment instructions,|
|Financial Assets; US 8,229,809 B2; July 24, |fund price data; trade data. |updated account ledgers. |
|2012; Class 705/30; 39 claims; assigned to | | |
|Hartford Fire Insurance Company. | |Frip: Hope you got a good IT guy or gal. |
|Transaction Range Comparison for Financial |Transaction activity data |Determination of whether a group of |
|Investigation; US 8,229,815 B1; July 24, |involving financial |transactions is structured to avoid a |
|2012; Class 705/35; 13 claims; assigned to |institution deposits and |predetermined reporting requirement. |
|Bank of America Corporation. |withdrawals; Unsampled | |
| |activity data under test; |Frip: Hey, what’s wrong with structuring |
| |process involves combining and|stuff to avoid taxes, reporting |
| |comparing data. |requirements, and other demands from The |
| | |Man? Mr. Romney and friends say it’s the |
| | |American Way. |
|Method and Apparatus for Providing Order |Updates for a tradeable object|Display of the number and/or quantity of |
|Queue Information; US 8,229,818 B2; July 24,|at a price level from at least|the orders in the order queue. |
|2012; Class 705/35; 14 claims; assigned to |one exchange; to the extent | |
|Trading Technologies International, Inc. |that the updates do not |Frip: If we ever run out of electricity, |
| |include enough details to |the stock market is gonna go belly up. |
| |compute the number of orders | |
| |resting at a particular price | |
| |level in a market, estimations| |
| |of order queue information. | |
|System and Method for Coalescing Market Data|Market data; process involves |Coalesced data. |
|at a Network Device; US 8,229,823 B2; July |coalescing data, thus | |
|24, 2012; Class 705/35; 26 claims; assigned |providing a user with the |Frip: Don’t you wish all your stuff could|
|to Trading Technologies International, Inc. |opportunity to receive fewer, |be “coalesced”? |
| |but up-to-date, data updates | |
| |from an exchange when | |
| |duplicate prices become | |
| |available or a large volume of| |
| |prices becomes available | |
| |suddenly. | |
|Combined Estimate Contest and Prediction |User's estimated probabilities|A trade amount and a potential payoff, |
|Market; US 8,229,824 B2; July 24, 2012; |of occurrence of different |and maybe other stuff. |
|Class 705/36R; 20 claims; assigned to |possible outcomes of an event,| |
|Microsoft Corporation. |the event relating to stock |Frip: Microsoft, playing the markets. |
| |prices, sports scores, | |
| |business shenanigans, or other| |
| |events of interest; process | |
| |includes determining one or | |
| |more proposed trades in a | |
| |prediction market based on the| |
| |user's estimated | |
| |probabilities. | |
|Mutual Fund and Method for Allocating Assets|Fund assets; allocation and |Relocation of assets. |
|in a Mutual Fund; US 8,229,828 B1; July 24, |diversification signals. | |
|2012; Class 705/36R; 20 claims; assigned to | |Frip: Trusting your life savings to some |
|USAA. | |dude’s algorithm, eh? |
|System, Method and Program for Agency Cost |User-defined input variables; |Transaction cost estimates. |
|Estimation; US 8,229,834 B2; July 24, 2012; |user’s trading profile; market| |
|Class 705/37; 36 claims; assigned to ITG |variables. |Frip: Money, money, money. |
|Software Solutions, Inc. | | |
|System and Method for Analyzing and |Security exchange trading |Continuously updated real-time chart |
|Displaying Security Trade Transactions; US |information that includes the |depicting the exchange auction process |
|8,229,837 B2; July 24, 2012; Class 705/37; |price, volume, and time of |whereby buyers and sellers agree to trade|
|20 claims; assigned to Trading Technologies |each trade; security exchange |at specified prices, including details of|
|International, Inc. |market information from |individual transactions, the chart being |
| |buyers, specifying bide prices|formed by plotting each trade at the |
| |and quantities, and from |price traded, and showing for each plot |
| |sellers, specifying asking |point a distinctive icon indication |
| |prices and quantities. |whether the transaction was initiated by |
| | |a buyer or seller. |
| | | |
| | |Frip: Down in the weeds with TTI. |
|Leg Price; US 8,229,838 B2; July 24, 2012; |Tradable combination of orders|Tradable combinations that may include |
|Class 705/37; 21 claims; assigned to Chicago|among which are two or more |spread orders where one leg of the spread|
|Mercantile Exchange, Inc. |roundable spread orders, each |has a different tick size than the other |
| |comprising at least two or |or where the tick of the spread contract |
| |more leg orders wherein one of|is different from the tick size in one or|
| |the leg orders is |both legs, and other stuff. |
| |characterized by a minimum | |
| |price increment different from|Frip: Didja ever have a large tick, well,|
| |a minimum price increment of |you know where? |
| |another of the at least two or| |
| |more leg orders; process | |
| |involves minimization of a sum| |
| |of squares of differences | |
| |between leg prices, and other | |
| |stuff. | |
|System for Appraising a Financial Product; |Information about a proposed |An overall rating for each proposed |
|US 8,229,839 B2; July 24, 2012; Class |insured, including risk |insurance product, reflecting the |
|705/37; 12 claims; assigned to Efficient |profile information; |proposed insurance product's customer. |
|Markets Corporation. |information about proposed | |
| |insurance products tailored to|Frip: Another patent for a rating scheme.|
| |the risk profile information | |
| |of the proposed insured. | |
|System and Method for Event-Based Trading; |Pre-defined trading strategy |Execution of one or more predefined |
|US 8,229,842 B2; July 24, 2012; Class |that includes a number of |trading rules based on the comparison of |
|705/37; 17 claims; assigned to Trading |trading rules to be applied |the received actual event values to the |
|Technologies International, Inc. |based on a comparison of one |respective estimated indicator values. |
| |or more estimated event values| |
| |to the respective actual event|Frip: Heads I win, tails you lose. |
| |values to be released at some | |
| |later time. | |
| |
|July 31, 2012 |
| |
|Total 705 Class patents issued: 103 |
|Data In-Data Out patents: at the very least, 7 |
|PATENT |DATA IN |DATA OUT |
|Methods and Systems for Providing Longevity |Information and application |Longevity insurance contract that |
|Insurance with or without an Asset Based |from an individual. |generally provides deferred income |
|Premium; US 8,234,132 B2; July 31, 2012; | |payments for a period of time, such as |
|Class 705/4; 17 claims; assigned to New York| |for the life of the individual, beginning|
|Life Insurance Company. | |at a predetermined date that is after an |
| | |individual's anticipated retirement, or |
| | |at a predetermined date that is after the|
| | |individual's life expectancy, or on or |
| | |after a specified birthday of the |
| | |individual. |
| | | |
| | |Frip: So there’s insurance in case you |
| | |die, and now there’s insurance in case |
| | |you don’t die. |
|Method and System Incorporating Business |Product attribute values; |Recommendation of the optimized rate |
|Rules and Price Optimization for Financial |product rules; rate movement |value for the target product to achieve a|
|System; US 8,234,155 B2; July 31, 2012; |direction for the specified |target in the optimized scenario, wherein|
|Class 705/7.35; 21 claims; assigned to SAP |attributes; gap value for each|the target includes a profit value and a |
|AG (Germany). |of the specified attributes; |sales volume value. |
| |process includes optimizing | |
| |and densification. |Frip: “Densification.” Any ideas? Anyone?|
|Life Calendar; US 8,234,194 B2; July 31, |User data comprising data |A life calendar with financial data, life|
|2012; Class 705/35; 25 claims; assigned to |specific to a user, the user |events, and recommendations that will |
|Bank of America Corporation. |data being automatically |assist a user in determining his or her |
| |received from a source |financial needs. |
| |selected from the group | |
| |consisting of a social |Frip: Just a little creepy. |
| |networking site, a government | |
| |account, an educational | |
| |account, a business account, | |
| |and an organization database; | |
| |bank data. | |
|System and Method for Identifying Accounting|Company data; criteria |Comparative categorical investment risk |
|Anomalies to Help Investors Better Assess |metrics; process includes |assessment indicator for the evaluated |
|Investment Risks and Opportunities; US |calculating category risk |company. |
|8,234,200 B2; July 31, 2012; Class 705/36R; |ranks, and other stuff. | |
|16 claims; assigned to Credit Suisse | |Frip: “Anomalies”? We are all anomalies. |
|Securities (USA) LLC. | |I think Plato said that. |
|System and Method for Determining a |Portfolio data; process |Liquidity-adjusted Value at Risk for a |
|Liquidity-Adjusted Value At Risk (LA-VAR); |involves playing with market |portfolio. |
|US 8,234,201 B1; July 31, 2012; Class |risk factors, liquid risk | |
|705/36R; 27 claims; assigned to Morgan |factors, illiquid risk |Frip: VAR analysis. Isn’t that what got |
|Stanley. |factors, regression analysis, |everybody in trouble back in ’07 and ’08?|
| |and other stuff. | |
|System and Method for Improved Order Entry |Desired strategy quantity for |Trading orders. |
|Using Market Depth; US 8,234,202 B2; July |a trading strategy at a | |
|31, 2012; Class 705/36R; 24 claims; assigned|desired strategy price, |Frip: And you wonder why electronic |
|to Trading Technologies International, Inc. |wherein the trading strategy |trading makes some folks uneasy. |
| |is specified by a definition | |
| |and includes a first leg for a| |
| |first tradable object and a | |
| |second leg for a second | |
| |tradable object; market depth | |
| |information on the hedging | |
| |side; process involves | |
| |intelligently breaking up | |
| |orders on the non-hedging side| |
| |such that each order is | |
| |automatically worked at | |
| |cascading price levels. | |
|System and Method for Displaying a View of |Market information. |Display of a market depth indicator in |
|Market Depth on a Graphical User Interface; | |relation to a value axis in a market |
|US 8,234,210 B2; July 31, 2012; Class | |overview interface, display of detailed |
|705/37; 20 claims; assigned to Trading | |market depth in a market depth interface,|
|Technologies International, Inc. | |and adjustments of displayed market depth|
| | |prices based on a position of the market |
| | |depth indicator in relation to the value |
| | |axis. |
| | | |
| | |Frip: Tweak a display, get a patent. |
| |
|August 7, 2012 |
| |
|Total 705 Class patents issued: 121 |
|Data In-Data Out patents: at the very least, 16 |
|PATENT |DATA IN |DATA OUT |
|Industry Size of Wallet; U.S. 8,239,250 B2; |Individual and aggregate |Correlation between an industry size of |
|August 7, 2012; Class 705/10; 18 claims; |consumer data, including |wallet of a given consumer and one or |
|assigned to American Express Travel Related |tradeline data, internal |more characteristics of the given |
|Services Company, Inc. |customer data, and consumer |consumer using the industry size of |
| |panel data; process includes |wallet for the consumers in the subset. |
| |size of wallet determinations | |
| |for consumer groups and |Frip: American Express is fixated on size|
| |subsets thereof, and other |of wallet analysis. |
| |stuff. | |
|Method for Associating Financial Transaction|User's financial transaction |Graphical arrangement and display of |
|Data with User's Project Data; U.S. |data; project category data. |selected user financial transaction |
|8,239,270 B2; August 7, 2012; Class 705/17; | |representations associated with |
|13 claims; assigned to JPMorgan Chase Bank, | |user-defined project category data |
|N.A. | |representations. |
| | | |
| | |Frip: Aaw, what a cute little display. |
| | |Wait, don’t hit delete! |
|Method and Apparatus for Managing Financial |From a user, income and |Optimized fund allocation to investments |
|Accounts; U.S. 8,239,298 B1; August 7, 2012;|expense entries, asset |and liabilities. |
|Class 705/35; 57 claims. |accounts with values and | |
| |projected return rates, and |Frip: Optimization patents are what’s |
| |liability accounts with |happenin’. |
| |liability amounts and interest| |
| |rates. | |
|System and Method for Chart Pattern |Market data; user-defined |Detected reoccurring chart patterns. |
|Recognition and Analysis in an Electronic |timeframes. | |
|Trading Environment; U.S. 8,239,301 B2; | |Frip: TTI joins the chartists! |
|August 7, 2012; Class 705/35; 17 claims; | | |
|assigned to Trading Technologies | | |
|International, Inc. | | |
|Minimizing Security Holdings Risk During |Securities in an outstanding |Identification of securities to be |
|Portfolio Trading; U.S. 8,239,302 B2; August|trade list and securities in a|traded, the list of securities minimizing|
|7, 2012; Class 705/35; 20 claims; assigned |portfolio of holdings; process|short-term risk. |
|to ITG Software Solutions, Inc. |involves determining | |
| |covariances between the |Frip: From optimization to minimization. |
| |securities in the trade list | |
| |and those in the portfolio. | |
|Minimizing Security Holdings Risk During |Consumer profile information, |Offer of a pre-approved credit instrument|
|Portfolio Trading; U.S. 8,239,302 B2; August|which may include previous |to finance one or more targeted products,|
|7, 2012; Class 705/35; 20 claims; assigned |spending habits, previous |the offer being independent of consumer |
|to JPMorgan Chase Bank, N.A. |transactions, and other stuff.|input and prior to the consumer entering |
| | |into a transaction for the one or more |
| | |targeted products. |
| | | |
| | |Frip: In other words, JP knows more about|
| | |you than you know. |
|Methods and Systems for Analyzing Attributes|Values of specified attributes|Graphical framework by which symbolic |
|of Investments and Other Assets; U.S. |of multiple investments from a|representations of the multiple |
|8,239,305 B2; August 7, 2012; Class 705/36R;|number of data sources; |investments are displayed concurrently |
|20 claims. | |for comparison with respect to one |
| | |another within coordinate systems. |
| | | |
| | |Frip: Join the graphical display |
| | |sweepstakes! |
|Computer-Implemented Method of Constructing |Stock data; algorithms for |Stock Indexes. |
|a Stock Index; US 8,239,306 B2; August 7, |stock selection. | |
|2012; Class 705/36R; 13 claims; assigned to | |Frip: Data in-data out. Perfect. |
|The Vanguard Group, Inc. | | |
|Asset Allocation Based on Expected Utility |Individual’s financial data; |Financial plan for an individual. |
|of Time and Wealth; US 8,239,307 B2; August |process includes computing a | |
|7, 2012; Class 705/36R; 19 claims; assigned |critical wealth of the |Frip: And oh yes. Could you please leave |
|to The Penn State Research Foundation. |individual, a retirement |Penn State a sizeable portion of your |
| |wealth of the individual, and |estate? |
| |a wealth utility function of | |
| |the individual, analyzing a | |
| |trade-off between retirement | |
| |time and retirement | |
| |consumption of the individual,| |
| |and other stuff. | |
|Clearing System that Determines Margin |Swap dollar values and |Performance bond, or margin, amount for a|
|Requirements for Financial Portfolios; US |volatility values. |plurality of interest rate swaps in a |
|8,239,308 B2; August 7, 2012; Class 705/36R;| |portfolio of financial assets. |
|31 claims; assigned to Chicago Mercantile | | |
|Exchange, Inc. | |Frip: For swaps, maybe the performance |
| | |bond should be double the alleged swap |
| | |values. |
|Closing Price Determination for an Automated|Trade price of an executed |Closing price of a security traded in an |
|Market System; U.S. 8,239,309 B2; August 7, |trade of a security wherein |electronic market. |
|2012; Class 705/36R; 38 claims; assigned to |the executed trade is executed| |
|The NASDAQ OMX Group, Inc. |during a trading session of |Frip: Provided the electronic market |
| |the electronic market; a |doesn’t have one of those “flash crashes”|
| |market parameter of the |that have become so common. |
| |security; process involves | |
| |comparing the received trade | |
| |price to the market parameter | |
| |of the security. | |
|System and Method for Generating Transaction|Historical transaction data |Assessment of one or more possible |
|Based Recommendations; U.S. 8,239,310 B2; |for a plurality of |securities transactions, including a |
|August 7, 2012; Class 705/36R; 30 claims. |transactions; possible new |certainty indicator indicating a |
| |transactions; process involves|probability that the assessment would |
| |assessing each transaction and|meet a participant's stated objectives. |
| |generating assessment data | |
| |based thereon. |Frip: A “certainty indicator.” Cool. |
|System and Method for Estimating a Spread |Definition for a spread; |Calculation and display of spread value |
|Value; U.S. 8,239,314 B2; August 7, 2012; |electronic exchange market |on a screen of an electronic terminal in |
|Class 705/37; 32 claims; assigned to Trading|data; process involves |relation to an axis of price levels. |
|Technologies International, Inc. |computing an estimated spread | |
| |value that represents a price |Frip: Apparently “spreads” really turn |
| |at which a trader might have |some folks on. |
| |been able to buy or sell a | |
| |spread given the current | |
| |market conditions of the legs.| |
|System and Method for Simulating an |Market updates corresponding |Simulated order that are sent to a |
|Electronic Trading Environment; U.S. |to a tradeable object from a |simulated exchange. |
|8,239,315 B2; August 7, 2012; Class 705/37; |live market at an electronic | |
|24 claims; assigned to Trading Technologies |exchange; simulated market |Frip: Simulating disaster? |
|International, Inc. |data. | |
|Processing of Deal Tickets; U.S. 8,239,316 |Electronic deal tickets, each |Deal tickets associated a virtual deal |
|B2; August 7, 2012; Class 705/37; 17 claims;|electronic deal ticket |code, the output being to bank office |
|assigned to EBS Group Limited (UK). |including information relating|systems and traders. |
| |to a trade made by two trading| |
| |entities, and a deal code |Frip: The art of the deal, or something. |
| |identifying one of the trading| |
| |entities that made the trade | |
| |and the electronic trading | |
| |system on which the trade was | |
| |made; map relating deal codes | |
| |of an entity to a virtual deal| |
| |code. | |
|Systems and Methods for Determining the |Application information that |Indication that the application for a |
|Likelihood that a Loan Closes; U.S. |includes at least borrower |mortgage loan to secure a property may |
|8,239,318 B1; August 7, 2012; Class 705/38; |information, property |result in closing of the loan |
|20 claims; assigned to Freddie Mac. |information, and a first |transaction. |
| |interest rate; home value | |
| |information; a second interest|Frip: Receiving a patent is not a way to |
| |rate. |keep a low profile, Freddie. |
| |
|August 14, 2012 |
| |
|Total 705 Class patents issued: 99 |
|Data In-Data Out patents: at the very least, 11 |
|PATENT |DATA IN |DATA OUT |
|Appraisal Evaluation and Scoring System and |Data from a real estate |Standardized score representative of the |
|Method; US 8,244,563 B2; August 14, 2012; |appraisal; compliance and risk|accuracy and quality of the appraisal. |
|Class 705/7.11; 13 claims; assigned to FNC, |based rules applicable to the | |
|Inc. |type of appraisal, each rule |Frip: Does one of the rules factor in |
| |being given a particular |“tips” to the appraiser? |
| |weight. | |
|Method and System for Automated Transaction |Lists of securities with |Results of compliance determination. |
|Compliance Processing; US 8,244,614 B2; |trading restrictions; | |
|August 14, 2012; Class 705/35; 13 claims; |predefined compliance rules; |Frip: Wall Street, trying to obey the |
|assigned to Goldman Sachs & Co. |compliance request identifying|rules. |
| |the party and a particular | |
| |instrument associated with an | |
| |issuer. | |
|Methods, Computer Systems, Software, and |Data describing a fund index |Portfolio of securities whose return |
|Portfolio for Outperforming Alternative |and funds on which the index |exceeds a return of the fund index. |
|Indices; US 8,244,616 B2; August 14, 2012; |is based; data describing one | |
|Class 705/36R; 30 claims; assigned to |or more securities; data |Frip: Viola! You are now in the one |
|Barclays Capital Inc. |describing returns of (a) the |percent. |
| |fund index, (b) funds on which| |
| |the index is based, and (c) | |
| |the one or more securities; | |
| |process involves | |
| |electronically identifying a | |
| |subset of funds on which the | |
| |fund index is based as | |
| |superior-performing funds. | |
|Cash Flow Rating System; US 8,244,617 B2; |Data about a debt instrument |Portfolio cash flow rating of the debt |
|August 14, 2012; Class 705/36R; 32 claims; |portfolio comprising one or |instrument portfolio. |
|assigned to CFPH, LLC. |more debt instruments; process| |
| |involves determining a current|Frip: You have good rating but no money. |
| |market value, a payment |Don’t complain. |
| |schedule, and a probability of| |
| |payment for each of the debt | |
| |instruments. | |
|Loan Information Analyses System and Method;|Electronic loan data for the |Based on the cash flow forecasts, at |
|US 8,244,618 B1; August 14, 2012; Class |same individual loans from two|least one estimate of a price and yield |
|705/36R; 20 claims; assigned to Amherst |or more different loan |for each bucketed loan. |
|Holdings, LLC. |information providers; process| |
| |involves integrating the data,|Frip: But my bucket’s got a hole in it! |
| |scoring each loan with a risk |It don’t work no more! |
| |score, applying pre-defined | |
| |forecast vectors, and | |
| |generating cash flow forecasts| |
| |for the bucketed loans. | |
|Price Indexing; US 8,244,619 B2; August 14, |Data on transactions involving|Index of values associated with the |
|2012; Class 705/36R; 9 claims; assigned to |assets that share a common |assets. |
|Radar Logic Inc. |characteristic; process | |
| |involves representing the |Frip: Patents involving probability |
| |transactions as respective |density functions. What would the |
| |data points associated with |Supremes say? |
| |values of the assets, | |
| |determining parameters that | |
| |fit probability density | |
| |functions to at least one | |
| |component of a value spectrum | |
| |of the data points, the | |
| |probability density function | |
| |for at least one of the | |
| |components comprising a power | |
| |law. | |
|Methods, Systems and Securities for Assuring|Data regarding the sale of a |Calculated number of shares underlying |
|a Company an Opportunity to Sell Stock after|security consisting of: (1) a |the pre-paid forward contract, and |
|a Specified Time; US 8,244,620 B1; August |post-paid forward contract |recordation of the data regarding the |
|14, 2012; Class 705/36R; 1 claims; assigned |that obligates the second |purchase, of the pre-paid forward |
|to Goldman, Sachs & Co. |entity to purchase a fixed |contract, and of the calculated number of|
| |number of shares stock of the |shares. |
| |first entity; and (2) debt; | |
| |data regarding the purchase, |Frip: Goldman Sachs need English |
| |by the first entity from the |refresher course. |
| |second entity, of a pre-paid | |
| |forward contract that | |
| |obligates the second entity to| |
| |deliver to the first entity a | |
| |variable number of shares of | |
| |stock in the first entity; a | |
| |then-current stock price | |
| |associated with the stock of | |
| |the first entity. | |
|Establishing Standardized Diamond Profiles |Standard diamond profile, the |Diamond pricing index. |
|and Pricing; US 8,244,624 B2; August 14, |profile comprising a selected | |
|2012; Class 705/37; 18 claims. |set of parameters for |Frip: Diamonds are girl’s best friend. |
| |characterizing diamonds; |Sorry, couldn’t resist. |
| |economic data that relate to | |
| |commodities other than | |
| |diamonds; process involves | |
| |multiplying by a scaling | |
| |coefficient the summed, | |
| |weighted market prices for | |
| |each of the commodities other | |
| |than diamonds. | |
|Live Alerts; US 8,244,626 B2; August 14, |Trading messages; |Messages they include links that may be |
|2012; Class 705/37; 20 claims; assigned to |predetermined limits and |used to generate real-time reports when a|
|Chicago Mercantile Exchange Inc. |rules. |rule or limit is violated. |
| | | |
| | |Frip: RUN FOR YOUR LIVES! A rule has been|
| | |violated. |
|Computerized Systems and Methods for |Information regarding an |Price for sale of the individual mortgage|
|Facilitating the Flow of Capital Through the|individual mortgage loan, the |loan to a secondary mortgage market |
|Housing Finance Industry; US 8,244,628 B1; |information including the |purchaser based at least on the price |
|August 14, 2012; Class 705/38; 21 claims; |gross interest rate and a |difference that is based at least on the |
|assigned to Fannie Mae. |product type; required yield |yield difference and the trade-off ratio.|
| |associated with the product | |
| |type; process involves |Frip: Calm down, Fannie. Take a deep |
| |determining adjustments to the|breath, a step back, and a moment to |
| |required yield based on at |reflect. |
| |least one of (1) a credit risk| |
| |associated with the borrower, | |
| |(2) a loan-to-value ratio, and| |
| |(3) loan purpose; and more. | |
|Method and Apparatus for Generating a |Merchant request about a |Fraud risk score |
|Bi-Gram Score in a Fraud Risk Analysis; US |customer; customer and | |
|8,244,629 B2; August 14, 2012; Class 705/38;|transaction data from myriad |Frip: Bi-gram probability? Maybe its |
|30 claims. |sources; process involves data|first patent appearance. Then again, |
| |validation, highly predictive |probably not. |
| |artificial intelligence | |
| |pattern matching, network data| |
| |aggregation, negative file | |
| |checks, and bi-gram | |
| |probability stuff. | |
| |
|August 21, 2012 |
| |
|Total 705 Class patents issued: 117 |
|Data In-Data Out patents: at the very least, 11 |
|PATENT |DATA IN |DATA OUT |
|Sensitivity/Elasticity-Based Asset |Historical data for value of |Measure of the tendency of the value of |
|Evaluation and Screening; US 8,249,970 B1; |an asset; historical data |the asset to change based on a change in |
|August 21, 2012; Class 705/36R; 16 claims; |values for various exogenous |at least one of the exogenous variables. |
|assigned to , Inc. |variables to obtain a formula | |
| |for calculating a measure of a|Frip: Put some data in, stir it all |
| |tendency of the value of the |about, get some data out. |
| |asset to change as a result of| |
| |changes in the data values for| |
| |the exogenous variables, the | |
| |formula being a function of | |
| |the exogenous variables; | |
| |projected data values. | |
|System and Method for Managing Investments |Financial data associated with|Revenue of the REIT and value of each |
|in Infrastructure Assets; US 8,249,971 B2; |a real estate investment trust|REIT share. |
|August 21, 2012; Class 705/36R; 30 claims; |(REIT) having a plurality of | |
|assigned to Hunt Power, L.P. |REIT shares, the REIT |Frip: A little math here, a little math |
| |receiving, directly or |there, everywhere a little math math. |
| |indirectly, income associated | |
| |with rent or lease of | |
| |infrastructure assets that are| |
| |associated with a regulated | |
| |rate of return, the rent or | |
| |lease paid by an operating | |
| |utility to a property company.| |
|Method and System for Creating a Volatility |Value of a Treasury bill |Volatility benchmark index. |
|Benchmark Index; US 8,249,972 B2; August 21,|account less a mark-to-market | |
|2012; Class 705/36R; 7 claims; assigned to |value of at least one of a |Frip: So Solliy, you buy stock with |
|Chicago Board Options Exchange, |volatility-based future or |beaucoup volatility. You now broke. |
|Incorporated. |option; process involve | |
| |calculating, with a serious | |
| |equation, a value reflecting a| |
| |volatility benchmark. | |
|System and Method for Asymmetric Offsets in |Data indicative of a margin |Margin for the portfolio comprising the |
|a Risk Management System; US 8,249,973 B2; |requirement for and a risk of |first and second products based on the |
|August 21, 2012; Class 705/36R; 14 claims; |loss associated with a first |adjusted first and second margin |
|assigned to Chicago Mercantile Exchange Inc.|product; data indicative of a |requirements. |
| |margin requirement for and a | |
| |risk of loss associated with a|Frip: Symmetric versus asymmetric |
| |second product, the first |offsets. Wow! |
| |product having a correlation | |
| |with the second product but | |
| |the correlation being | |
| |independent of any | |
| |relationship between the first| |
| |and second risk of loss; | |
| |process involves adjusting, | |
| |based on the respective risks | |
| |of loss, the margin | |
| |requirement for the first | |
| |product with respect to the | |
| |margin requirement for the | |
| |second product | |
|System and Method for Continuously Offered |Asset value data for assets in|Current price of a share of the fund at |
|Guaranteed Mutual Fund with Allocation to |a fund; process involves |the close of the current date. |
|Risky Market Investments; US 8,249,974 B1; |quantifying an aggregate net | |
|August 21, 2012; Class 705/36R; 20 claims; |asset value of the assets of |Frip: Guaranteed. Got that? |
|assigned to Structured Investment |the fund ("ANAV") as of a | |
|Management, Inc. |current date, calibrating a | |
| |swap agreement relative to any| |
| |change in a benchmark on the | |
| |current date, calibrating an | |
| |option agreement in regard to | |
| |the ANAV on the current date, | |
| |pricing a share of the fund at| |
| |the close of the current date,| |
| |and publishing the price. | |
|Automated First Look at Market Events; US |Real-time market data; price |Automatic notification of a new |
|8,249,975 B1; August 21, 2012; Class 705/37;|for a side of a trade in the |contra-side best market price, with other|
|29 claims; assigned to Stikine Technology, |market, and wherein the input |market participants being automatically |
|LLC. |satisfies a market-related |notified later. |
| |condition; process involves | |
| |notifying market participant |Frip: Yean, yean, yean, yean, yean. I |
| |of a new contra-side best |know something you don’t know. |
| |market price that satisfies | |
| |the condition, the | |
| |notification being before | |
| |other market participants are | |
| |notified. | |
|System and Method for Aggressively Trading a|Spread trading strategy; level|Calculation and submission of a quote |
|Strategy in an Electronic Trading |of aggressiveness for the |order price. |
|Environment; US 8,249,977 B2; August 21, |strategy; desired spread price| |
|2012; Class 705/37; 36 claims; assigned to |and quantity to buy or sell; |Frip: Lean on me, I’m not sorry. . . . |
|Trading Technologies International, Inc. |process involves determining a| |
| |leaned on price within a | |
| |market gap. | |
|System and Method for Holding and Sending an|Order to buy or sell a |Release of order to matching engine. |
|Order to a Matching Engine; US 8,249,978 B1;|tradeable object; predefined | |
|August 21, 2012; Class 705/37; 20 claims; |event; process involves |Frip: Look! A virtual order icon! Cool. |
|assigned to Trading Technologies |placing order in temporary | |
|International, Inc. |storage and displaying it to | |
| |the user in the form of a | |
| |virtual order icon, the order | |
| |being released to the matching| |
| |engine upon the detection of | |
| |the defined event. | |
|Implied Order Quality; US 8,249,980 B2; |Implied order for a tradable |Quality indicator representing the |
|August 21, 2012; Class 705/37; 12 claims; |object, the implied order |quality value for the implied order. |
|assigned to Trading Technologies |being derived from a plurality| |
|International, Inc. |of orders; process involves |Frip: Implied orders being orders derived|
| |determining a quality value |from direct orders in other markets. Had |
| |for the implied order for the |to look that up. |
| |tradable object, the quality | |
| |value being determined based | |
| |on the quantity of the orders | |
| |the implied order is derived | |
| |from. | |
|Methods and Systems for Generating |Financial data including |Optimized transition probability matrix |
|Transition Probability Matrices through an |obligor credit ratings; |(OTPM), which includes a first set of |
|Optimization Framework; US 8,249,981 B2; |process involves generating |optimized transition probability values |
|August 21, 2012; Class 705/38; 51 claims; |multi-period empirical |for predicting a likelihood that a credit|
|assigned to GE Corporate Financial Services,|transition probability |rating of an obligor will migrate from |
|Inc. |matrices (ETPMs) for a |one credit state to another credit state |
| |selected time horizon, and a |during a future time interval. |
| |mathematical expression to | |
| |minimize a difference between |Frip: ETPM, OTPM, whatever. Bottom line |
| |target ETPM values and |is, your credit finished. |
| |candidate Optimized transition| |
| |probability matrix (OTPM) | |
| |values. | |
|Method and Apparatus for Managing |Financial accounts access |Access to the financial accounts. |
|Transactions; US 8,249,983 B2; August 21, |information from a user; | |
|2012; Class 705/39; 15 claims; assigned to |information regarding the |Frip: Now that you’ve hacked someone |
|Cashedge, Inc. |financial accounts from a |else’s account, take the money and run! |
| |financial data source; process| |
| |involves authenticating the | |
| |user's ability to access the | |
| |financial accounts. | |
| |
|August 28, 2012 |
| |
|Total 705 Class patents issued: 105 |
|Data In-Data Out patents: at the very least, 12 |
|PATENT |DATA IN |DATA OUT |
|Debt Cancellation Mechanism; US 8,255,301 |Occurrence data representative|Cancellation of current amount of debt of|
|B1; August 28, 2012; Class 705/35; 24 |of an occurrence of a |the customer, and maintaining a new |
|claims; assigned to Bank of America |triggering event on a |current benefit amount associated with |
|Corporation. |customer; process involves a |the customer as the difference between |
| |determination as to whether |the current benefit amount and the |
| |the current amount of debt in |current amount of debt in the account of |
| |the account of the customer is|the customer prior to canceling. |
| |less than the current benefit | |
| |amount associated with the |Frip: Say what? |
| |customer. | |
|System and Methods for Modeling a |Financial data; method |Estimated value of a derivative. |
|Multiplicative Index; US 8,255,302 B2; |involves generating a model of| |
|August 28, 2012; Class 705/35; 30 claims; |the BMA/LIBOR ratio as a |Frip: Hasn’t LIBOR been in a bit a |
|assigned to Morgan Stanley. |function of the LIBOR index, a|trouble recently? |
| |stochastic noise function, and| |
| |a seasonality process, and | |
| |solving the model for at least| |
| |one value of the LIBOR index. | |
|Systems and Methods for Audit Confirmation |Confirmation request submitted|A response form populated with the |
|and Other Confirmation Services; US |in one or more standardized |retrieved financial data and affixed with|
|8,255,304 B1; August 28, 2012; Class 705/35;|forms; account database; |a proof mechanism for the financial |
|22 claims; assigned to JPMorgan Chase Bank, |process involves parsing the |institution to attest to the accuracy of |
|N.A. |standardized forms to identify|the financial data. |
| |(a) identity of the requestor,| |
| |(b) identity of an account |Frip: Runnin’ out of exotic stuff, JP? |
| |holder whose financial data | |
| |are sought, and (c) financial | |
| |data fields sought by the | |
| |confirmation request. | |
|Identification of Businesses with Potential |From multiple businesses that |List of target businesses having |
|to Achieve Superior Revenue Growth and |have achieved a selected |above-average potential to achieve a |
|Financial Performance; US 8,255,306 B1; |financial performance target |selected financial performance target of |
|August 28, 2012; Class 705/35; 20 claims. |of $30 million to $70 million |$1 billion in revenue within the |
| |in annual revenue, financial |predetermined timeframe. |
| |revenue growth rate | |
| |statistics; process involves |Frip: We’re gonna get rich! |
| |determining exponential | |
| |revenue growth trajectory | |
| |curves and other stuff. | |
|System and Method for Measuring and |Historical data of separate |Benefit of pooling separate cash accounts|
|Utilizing Pooling Analytics; US 8,255,307 |cash accounts; process |into a single pooled account. |
|B1; August 28, 2012; Class 705/35; 16 |involves determining | |
|claims; assigned to JPMorgan Chase Bank, |statistical characteristics of|Frip: All your money and wealth in one |
|N.A. |each of the separate cash |account? Mine would have a value of, oh, |
| |accounts based at least in |$757.32. |
| |part on the historical data, | |
| |and the beneficial impact | |
| |pooling can have in areas such| |
| |as reduced volatility of cash | |
| |balance, cash forecasting, the| |
| |ability to reduce the overall | |
| |cash required to run the | |
| |business, and the positive | |
| |impact all of the above can | |
| |have on earnings and the | |
| |balance sheet. | |
|Methods and Systems for Risk Evaluation; US |Object estimation-value for an|Risk status for the first target value |
|8,255,311 B2; August 28, 2012; Class 705/36;|object and a risk |based on a comparison of the risk |
|12 claims; assigned to SAP AG (Germany). |estimation-value that |estimation-value with a predefined |
| |represents an estimate of a |threshold value and based on the risk |
| |risk to the first target |status for the second target value. |
| |value; risk status for a | |
| |second target value. |Frip: Those boys and girls at SAP AG make|
| | |it sound so technical. |
|Method and System for Evaluating Target Date|Information concerning a group|Summary of the group of funds, the |
|Funds; US 8,255,308 B2; August 28, 2012; |of target date funds, the |summary maybe including a summary or |
|Class 705/36R; 31 claims; assigned to |information maybe comprising |graph of the diversification levels and |
|JPMorgan Chase Bank, N.A. |information about the glide |equity ratios of the target date funds. |
| |path and the target retirement| |
| |date of each fund; process |Frip: Golly day! Got me a graph from JP |
| |involves determining a |itself! |
| |diversification level and an | |
| |equity ratio of each of the | |
| |target date funds. | |
|Valuating Intellectual Assets; US 8,255,309 |Information on a group of |Value of intellectual assets. |
|B2; August 28, 2012; Class 705/36R; 15 |intellectual assets; process | |
|claims; assigned to Hewlett-Packard |involves associating each |Frip: What if your intellectual assets |
|Development Company, L.P. |intellectual asset with a |are just a bunch of dumb a__es? |
| |group of parameters having | |
| |corresponding weights, and | |
| |determining proportion | |
| |indicators and value ratios. | |
|Method and System for Simulating Implied |Volatility surface model; set |Price of an option. |
|Volatility Surface for Basket Option |of volatilities for multiple | |
|Pricing; US 8,255,310 B2; August 28, 2012; |options on an underlying |Frip: “Parameterized volatility surface.”|
|Class 705/36R; 15 claims; assigned to |financial instrument; |Cool. “Simulating Implied Volatility.” Or|
|Goldman, Sachs & Co. |historical data; process |two steps from reality? |
| |involves simulating option | |
| |volatility by defining a | |
| |parameterized volatility | |
| |surface and then evolving the | |
| |surface parameters in | |
| |accordance with historical | |
| |data, and other stuff. | |
|Integrated Business Decision-Making System |Observational data related to |Optimal predicted business measure for |
|and Method; US 8,255,316 B2; August 28, |one or more members of a |the members of the target population. |
|2012; Class 705/36R; 19 claims; assigned to |target population; process | |
|General Electric Company. |involves predicting a business|Frip: Lotsa business jargon. |
| |measure and determining an | |
| |optimal marketing action. | |
|Systems and Methods for Performing Scoring |Data about something, say a |Unified determination based on |
|Optimization; US 8,255,319 B1; August 28, |credit card issuer conducting |subdeterminations. |
|2012; Class 705/38; 14 claims; assigned to |a campaign to secure new | |
|JPMorgan Chase Bank, N.A. |credit card customers; method |Frip: The proverbial “huh”? |
| |includes generating a first | |
| |subdetermination based on | |
| |first criteria, a second | |
| |subdetermination based on | |
| |second criteria, and a unified| |
| |determination based on both. | |
|Method and Apparatus for Managing |Financial account access |Authenticated access. |
|Transactions; US 8,255,336 B2; August 28, |information from a user; | |
|2012; Class 705/75; 18 claims; assigned to |information regarding the |Frip: Go get your money! |
|Cashedge, Inc. |account from a financial data | |
| |source; process involves | |
| |authenticating access. | |
| |
|September 4, 2012 |
| |
|Total 705 Class patents issued: 105 |
|Data In-Data Out patents: at the very least, 8 |
|PATENT |DATA IN |DATA OUT |
|Method and System for Insuring Risk; US |Event categories of |Operational risk exposure assessment, |
|8,260,638 B2; September 4, 2012; Class |operational risk loss based on|various scores, the value of capital |
|705/4; 9 claims; assigned to American |pertinent legislative |relief, and a proposal for an insurance |
|International Group, Inc. |regulations of the industry; |product. |
| |client information; process | |
| |involves determining an |Frip: Patent on risk insurance. How about|
| |operational risk exposure |a patent on insurance against loosing a |
| |assessment and calculating a |patent? |
| |value of capital relief. | |
|Transaction Recurrence Engine; US 8,260,645 |Customer transaction data; |Among other things, payment optimization |
|B2; September 4, 2012; Class 705/7.11; 34 |other stuff; process includes |opportunities with a merchant based at |
|claims; assigned to Bank of America |processing and analyzing |least partially on transaction |
|Corporation. |financial transactions |recurrences amongst the financial |
| |involving a plurality of |transactions. |
| |financial accounts owned by a | |
| |plurality of different |Frip: First rule of guerilla warfare: |
| |individuals. |avoid recurring patterns. |
|Computer-Implemented Change Risk Assessment;|Responses to questions, each |A risk assessment that can be broken down|
|US 8,260,653 B1; September 4, 2012; Class |question related to one of a |by various business categories, for |
|705/7.28; 13 claims; assigned to Bank of |plurality of risk categories |example, but not limited to strategic, |
|America Corporation. |associated with a financial |customer experience, reputation, legal, |
| |services project; process |compliance, financial, people, process, |
| |includes determining numeric |technology, and external risk, the |
| |risk ratings for each |scoring in example embodiments taking |
| |identified inherent risk, and |into account high severity and low |
| |other stuff. |detectability characteristics of specific|
| | |risks associated with a change or new |
| | |project. |
| | | |
| | |Frip: How about the risk of making things|
| | |so complex that you don’t know what the |
| | |hell you’re doing? |
|Operational Risk Assessment and Control; US |Assessment results of one or |Risk prioritization report that |
|8,260,654 B2; September 4, 2012; Class |more functions of the |prioritizes the risk items based at least|
|705/7.28; 31 claims; assigned to Bank of |organization involved, the |in part on ratings associated with the |
|America Corporation. |assessment including |causes and effects, and a mitigation |
| |identifying failure modes, |plan. |
| |causes, and effects, which are| |
| |permuted to define risk items.|Frip: BofA got itself some software |
| | |cowboys. |
|System and Apparatus for Linking Multiple |Information about a first |A combination reward program with a |
|Rewards Programs to Promote the Purchase of |pre-existing reward program |combination reward that is greater than |
|Specific Product Mixes; US 8,260,661 B2; |for a first product; |each of the first reward and the second |
|September 4, 2012; Class 705/14.1; 30 |information about a second |reward. |
|claims; assigned to VISA U.S.A. Inc. |pre-existing reward program | |
| |for a second product; process |Frip: Rewards. That’s all some folks |
| |involves combining the reward |think about. |
| |programs. | |
|System and Method for Processing Data |Annuity product having a |Updated contract value. |
|Related to an Annuity Using an Index-Based |contract value and an interest| |
|Amount to Credit to a Contract Value; US |rate; process involves |Frip: Annuities, who has even a clue? |
|8,260,698 B2; September 4, 2012; Class |determining an amount of | |
|705/35; 20 claims; assigned to Hartford Fire|interest for crediting to the | |
|Insurance Company. |contract value, a difference | |
| |between the current value of | |
| |an index independent of the | |
| |value of any financial | |
| |instrument and the prior | |
| |period value of the index, and| |
| |a value of an additional | |
| |amount for crediting to the | |
| |contract value. | |
|Foreign Currency Index; US 8,260,701 B2; |Exchange rates of foreign |Foreign currencies indexed financial |
|September 4, 2012; Class 705/37; 19 claims; |currencies with corresponding |instrument. |
|assigned to Chicago Mercantile Exchange Inc.|competitive weights; process | |
| |involves calculating a |Frip: Claim 1 has a formula. Pretty much |
| |geometric average of exchange |ensures the awarding of a patent. |
| |rates, the competitive weight | |
| |for each of the foreign | |
| |currencies reflecting | |
| |competition between the goods | |
| |of the United States and the | |
| |country of the foreign | |
| |currency. | |
|Credit Risk Framework; US 8,260,702 B1; |Information on loans; process |Visual representation of the grouping of |
|September 4, 2012; Class 705/38; 21 claims; |involves categorizing loans as|loans as at least one eligibility grid, |
|assigned to Fannie Mae. |ineligible and potentially |and visual representation of the list of |
| |eligible in regard to purchase|data element properties as a sheet |
| |by a purchaser, and grouping |associated with the eligibility grid. |
| |the potentially eligible loans| |
| |based upon at least two data |Frip: Grids, visual representations. |
| |elements into a plurality of |Fancy, smancy. |
| |groups. | |
| |
|September 11, 2012 |
| |
|Total 705 Class patents issued: 135 |
|Data In-Data Out patents: at the very least, 16 |
|PATENT |DATA IN |DATA OUT |
|System and Method for Administration of |Data including a net asset |Annually updated net asset value and the |
|Costs Related to Annuities; US 8,265,962 B2;|value of an account at a |difference between the annual charge and |
|September 11, 2012; Class 705/4; 24 claims; |commencement of an annual |the sum of the daily charges. |
|assigned to Hartford Fire Insurance Company.|period; data including an | |
| |amount of a management fee |Frip: Calculations 101? |
| |applicable to the account and | |
| |based on a fraction of the net| |
| |asset value of the account; | |
| |process involves various daily| |
| |and other calculations. | |
|System and Method for Processing Data |Data associated with insurance|Benefit eligibility determination and |
|Related to Insurance Coverage for a |coverage including benefit |benefit amount. |
|Plurality of Risks; US 8,265,964 B2; |amounts and health risks; an | |
|September 11, 2012; Class 705/4; 20 claims; |insurance claim. |Frip: Putting the green eyeshade crowd |
|assigned to Hartford Fire Insurance Company.| |out-of-work. |
|Risk-Cost Analysis of Currency Exposure |Foreign currency exposure data|Cumulative values for each of the |
|Reduction for Currency Exposure Management; |for a company having exposure |currency exposures, and an output |
|US 8,266,022 B2; September 11, 2012; Class |in multiple currencies; |representation of cumulative remaining |
|705/30; 27 claims; assigned to Rim Tec Inc. |process includes value-at-risk|value-at-risk versus accumulated cost |
| |(VaR) analysis. |from the computed cumulative values. |
| | | |
| | |Frip: VaR. Wasn’t that the financial |
| | |analysis method that led Wall Street to |
| | |think everything was hunky-dory back in |
| | |’07 or so? |
|System and Method for Assuring the Integrity|Historical data comprising at |Confidence level report based on the |
|of Data Used to Evaluate Financial Risk or |least one measurement of an |change in the information content of the |
|Exposure; US 8,266,025 B1; September 11, |investment; financial input |financial input data as compared to the |
|2012; Class 705/35; 10 claims; assigned to |data for the investment from |information content based on the |
|Citibank, N.A. |one or more data processing |historical data. |
| |systems. | |
| | |Frip: We have great confidence that a |
| | |fool and his money are soon parted. |
|System and Method for Managing Data Relating|Data related to financial |Transformed data and an output signal for|
|to Investments from a Variety of Sources; US|securities, the data being |display of the transformed data. |
|8,266,029 B2; September 11, 2012; Class |located in various sources; | |
|705/35; 36 claims; assigned to Hartford Fire|request for data services; |Frip: Hartford Fire, gettin’ down and |
|Insurance Company. |process involves accessing, |dirty in the financial arena. |
| |retrieving, analyzing, and | |
| |displaying data related to | |
| |financial securities. | |
|System and Method for Processing Data |Data on investment allocation |Automatic rebalancing of a subscriber's |
|Relating to Allocation of Assets; US |paths, each of the investment |assets as time passes and stuff happens. |
|8,266,039 B2; September 11, 2012; Class |allocation paths having | |
|705/36; 20 claims; assigned to Hartford Fire|trigger events and asset |Frip: Most of us are on the investment |
|Insurance Company. |allocation models and being |path to hell. |
| |associated with a risk | |
| |tolerance value. | |
|Method, Software Program, and System for |Information relating to the |Budget for interest owed on the variable |
|Managing Debt; US 8,266,034 B1; September |variable rate debt of a |rate debt by the borrower during a time |
|11, 2012; Class 705/36R; 15 claims; assigned|borrower. |period when an interest rate on the |
|to Goldman, Sachs & Co. | |variable rate debt is below a first |
| | |predetermined low interest rate level, |
| | |amount of early retirement of principal |
| | |or funding of a sinking fund to be |
| | |applied from any existing current |
| | |budgetary excess, and portion of any |
| | |accumulated budgetary excess to be |
| | |applied to reduce an amount of debt |
| | |service during a time when the interest |
| | |rate is above a predetermined high |
| | |interest rate level. |
| | | |
| | |Frip: Much too complex for us 99 |
| | |percenters. |
|Financial Activity Based on Natural Peril |Request from a participant |Price of financial product. |
|Events; US 8,266,042 B2; September 11, 2012;|terminal to purchase a | |
|Class 705/37; 28 claims; assigned to Weather|financial product in a |Frip: Bettin' on them hurricanes again. |
|Risk Solutions, LLC.. |financial activity having a | |
| |plurality of possible | |
| |outcomes; process involves a | |
| |serious formula with a number | |
| |of inputs. | |
|Methods and Systems for Directing and |Confidential information that |Targeted dissemination list of market |
|Executing Certified Trading Interests; US |comprises data regarding first|participants based on confidential |
|8,266,045 B2; September 11, 2012; Class |and second market |information and order and targeting |
|705/37; 29 claims; assigned to ITG Software |participants; order and |parameters. |
|Solutions, Inc. |targeting parameters from the | |
| |first participant; |Frip: Put I wants to know who I'm trading|
| |confidential trading interest |with. |
| |information from the second | |
| |participant; process involves | |
| |identifying the second | |
| |participant as a participant | |
| |likely to take a contra side | |
| |of the order, and routing the | |
| |order to the second | |
| |participant without revealing | |
| |the participants' identities | |
| |to each other. | |
|System and Method for Using Diversification |First market response of a |Diversification spread credit and |
|Spreading for Risk Offset; US 8,266,046 B2; |first product in a portfolio; |adjusted margin requirement. |
|September 11, 2012; Class 705/37; 17 claims;|second market response of a | |
|assigned to Chicago Mercantile Exchange Inc.|second product in the |Frip: Nine times out of ten, margin |
| |portfolio; process involves |requirements adjust upwards. No kidding. |
| |calculating an offsetting |That's a fact. Found it on the Internets.|
| |effect between the first | |
| |market response and the second| |
| |market response, determining a| |
| |diversification spread based | |
| |on the offsetting effect | |
| |derived between the first and | |
| |second product, calculating a | |
| |diversification spread credit | |
| |based on the determined | |
| |diversification spread, and | |
| |adjusting a margin requirement| |
| |for the portfolio. | |
|System and Method for Anonymously Matching |Consumer consumption profile, |List of best to worst matches between |
|Products or Services with a Consumer; US |which is in a private |consumers and products. |
|8,266,048 B2; September 11, 2012; Class |repository where each profile | |
|705/37; 1 claims; assigned to NDEX Systems |is anonymous; repository of |Frip: "Anonymously." Yeah, right. |
|Inc. |consumption objects such as | |
| |vendors' products and | |
| |services; process involves | |
| |correlating parameters of the | |
| |consumer's true consumption | |
| |profile with parameters of the| |
| |consumption object's profiles | |
| |to find the best matches. | |
|System and Method for Smart Hedging in an |A first order for a first |If the price results in the desired |
|Electronic Trading Environment; US 8,266,049|tradeable object and a second |price, placement of the second order to |
|B2; September 11, 2012; Class 705/37; 30 |order for a second tradeable |offset the quantity filled for the first |
|claims; assigned to Trading Technologies |object, both orders being |order in an attempt to achieve the |
|International, Inc. |based on a spread strategy; |desired spread price, and other stuff. |
| |upon receiving an indication | |
| |that a quantity of the first |Frip: Spreads, legs, sounds like |
| |order is filled, the method |cheerleader training. |
| |involves determining if the | |
| |second order can be used to | |
| |offset the quantity filled of | |
| |the first order by determining| |
| |if a price of the second order| |
| |would result in achieving a | |
| |desired spread price defined | |
| |for the spread strategy. | |
|Biometric Risk Management; US 8,266,051 B2; |Biometric profile data; |Relevance ranked report of the selected |
|September 11, 2012; Class 705/38; 22 claims;|financial transaction |biometric profiles. |
|assigned to Goldman, Sachs & Co. |risk-related variables; | |
| |process involves determining a|Frip: Make one youthful error, and in the|
| |correlation factor for each of|eyes of the data collectors, you're |
| |one or more biometric |scarred for life. |
| |profiles, where each | |
| |correlation factor indicates a| |
| |mathematical likelihood of a | |
| |relationship between the | |
| |biometric profile and the | |
| |extracted biometric profile | |
| |data and the financial | |
| |transaction risk-related | |
| |variables. | |
|Dynamic Credit Management; US 8,266,053 B2; |Counterparty credit quality |Dynamic credit limit that may be defined |
|September 11, 2012; Class 705/38; 20 claims;|data associated with a |in terms of a credit exposure versus |
|assigned to Accenture Global Services |transaction of the financial |time. |
|Limited (Ireland). |instrument between a party and| |
| |a counterparty; debt market |Frip: You not only have a credit limit, |
| |data associated with or |you have a dynamic credit limit. Enjoy. |
| |relevant to the transaction. | |
|Method and System for Processing Data |For an investment product |The amount that may be withdrawn from the|
|Related to a Deferred Annuity having a |having a guarantee of |account, the amount being the entire |
|Minimum Contract Value; US 8,266,055 B2; |withdrawals available on a |amount requested or a lesser amount. |
|September 11, 2012; Class 705/39; 20 claims;|periodic basis, receiving data| |
|assigned to Hartford Fire Insurance Company.|indicative of a request for a |Frip: Eatin’ up your annuity, eh? |
| |withdrawal from an account of | |
| |the investment product, the | |
| |amount of the withdrawal, and | |
| |the amounts of any other | |
| |withdrawals during a current | |
| |time period. | |
|Methods and Systems for Assigning |Financial transaction |Interchange rate. |
|Interchange Rates to Financial Transactions |initiated by a cardholder | |
|Using an Interchange Network; US 8,266,057 |using a card over a card |Frip: Isn't this how this whole plastic |
|B2; September 11, 2012; Class 705/43; 18 |interchange, the card having |card thing started? |
|claims; assigned to MasterCard International|been issued by an issuer bank;| |
|Incorporated. |the method includes the steps | |
| |of storing issuer data within | |
| |the interchange database, the | |
| |issuer data including whether | |
| |the issuer bank has entered | |
| |into a special relationship | |
| |with the interchange. | |
| |
|September 18, 2012 |
| |
|Total 705 Class patents issued: 107 |
|Data In-Data Out patents: at the very least, 18 |
|PATENT |DATA IN |DATA OUT |
|System and Method of Providing Pricing |Customer data; process |Estimations of prices for products. |
|Information; US 8,271,304 B1; 9/18/12; Class|involves dynamically updating | |
|705/4; 20 claims; assigned to USAA. |an assumption set of customer |Frip: Of course, the prices are way more |
| |characteristics, and acquiring|than you can afford. |
| |feedback from the customer on | |
| |the correctness of the updated| |
| |assumptions. | |
|Method and Apparatus for Obtaining, |Internal customer data; |Consumer credit market data base and data|
|Organizing, and Analyzing Multi-Source Data;|Consumer Reporting Agencies |structure. |
|US 8,271,364 B2; 9/18/12; Class 705/35; 17 |data. | |
|claims; assigned to Bank of America | |Frip: Big Brother knows all, eh BofA? |
|Corporation. | | |
|Systems and Methods for Financial Stress |Account type; stress amount |Stressed financial ratio for the borrower|
|Testing; US 8,271,367 B1; 9/18/12; Class |for applying to the selected |as a function of an unstressed financial |
|705/35; 23 claims; assigned to WebEquity |account type; input regarding |ratio for the borrower, the stress |
|Solutions, LLC. |financial information of a |amount, a numerator factor corresponding |
| |borrower. |to the selected account type, and a |
| | |denominator factor corresponding to the |
| | |selected account type. |
| | | |
| | |Frip: “My Life as a Ratio,” by Ralph |
| | |Denominator. |
|Financial Modeling and Forecasting System; |Data collected in a multi-user|Large-scale simulation models. |
|US 8,271,369 B2; 9/18/12; Class 705/36R; 17 |peer-to-peer collaborative | |
|claims. |environment over a data |Frip: “Functor”? Sounds like something |
| |network by issuing functor |slightly inappropriate. |
| |requests through a workflow | |
| |router to users for data and | |
| |programs wherein one or more | |
| |functor objects comprise | |
| |collections of variables which| |
| |can be acted on by methods. | |
|Method of Partitioning Investments into |Data on investments; process |Scores, segmented groups, and so much |
|Groups Using Relative Similarity of |involves manipulating large |more. |
|Investment Characteristics; US 8,271,370 B2;|data sets in myriad ways. | |
|9/18/12; Class 705/36R; 9 claims; assigned | |Frip: Patent on Big Data. Bet we’ll be |
|to Bdellium, Inc. | |seeing many more of these. |
|System and Method for Econometrically-Based |Information describing a |Projection in currency of future research|
|Grant Management; US 8,271,372 B1; 9/18/12; |plurality of grant proposals |funding, the projection being based on |
|Class 705/36R; 24 claims. |that each have a start date |past successes that remain active and |
| |and a distribution schedule |stuff. |
| |that specifies at least one | |
| |award; process involves |Frip: Should a patent on predicting the |
| |calculating a conversion ratio|future be revocable if the predictions |
| |that determines the percentage|prove false? |
| |of grant proposals that are | |
| |converted into successes. | |
|Systems and Methods for Monitoring Credit of|Monitored trades entered into |Shut-off of counterparties' trading |
|Trading Counterparties; US 8,271,376 B2; |and cleared by counterparties;|ability when counterparties exceed a |
|9/18/12; Class 705/37; 30 claims; assigned |process involves tracking the |credit limit. |
|to BGC Partners, Inc. |net and gross positions of | |
| |counterparties and the |Frip: Gotcha! |
| |counterparties' parent | |
| |entities, triggering warnings | |
| |when counterparties or their | |
| |parent entities exceed a | |
| |warning limit, and | |
| |shutting-off counterparties' | |
| |trading ability when | |
| |counterparties exceed a credit| |
| |limit. | |
|System and Method for Creating a Market Map |Market information and |Display of the information in relation to|
|in an Electronic Trading Environment; US |trader-related information |one or more common static axes, thus |
|8,271,377 B2; 9/18/12; Class 705/37; 19 |associated with two or more |creating a "market map" that the user can|
|claims; assigned to Trading Technologies |tradable objects. |adjust by altering parameters, or |
|International Inc. | |something. |
| | | |
| | |Frip: TTI, gettin’ a little tricky. |
|Systems and Methods for Determining |Existing scoreable and |Consumers who are likely to have |
|Thin-File Records and Determining Thin-File |unscoreable records; process |unscoreable records but represent good |
|Risk Levels; US 8,271,378 B2; 9/18/12; Class|involves comparing records to |risks. |
|705/38; 11 claims; assigned to Experian |determine factors correlated | |
|Marketing Solutions, Inc. |with having an unscoreable |Frip: Crunch some data and you deadbeats |
| |record, and developing a |might actually get some credit, provided |
| |multi-level filter through |you don’t mind a 20 percent interest |
| |which unscoreable records |rate. |
| |having at least one entry are | |
| |compared to determine whether | |
| |they are "good" or "bad" | |
| |risks. | |
|System and Method for Selection of Payment |Directory of payment systems; |Identification of the located payment |
|Systems from a Payment System Directory to |query of the directory by a |systems, along with rating information |
|Process a Transaction; US 8,271,384 B2; |supplier of goods and services|indicating an amount of matching between |
|9/18/12; Class 705/40; 23 claims; assigned |to locate payment systems to |the located payment system and the |
|to American Express Travel Related Services |process a transaction based at|payment criteria, wherein the transaction|
|Company, Inc. |least in part upon payment |is at least partially processed with one |
| |criteria. |or more of the located payment systems. |
| | | |
| | |Frip: Is this data in-data out, or just a|
| | |lot of playing with data? |
| |
|September 25, 2012 |
| |
|Total 705 Class patents issued: 94 |
|Data In-Data Out patents: at the very least, 15 |
|IDENTITY INSURANCE TRANSACTION METHOD; US |Credit score of a user trading|Verification of parties and insurance |
|8,275,636 B2; 9/25/2012; Class 705/4; 15 |counterpart, the amount and |guaranteeing parties are who they say |
|claims; assigned to American International |type of a user's or trading |they are. |
|Group, Inc. |counterpart's past trading | |
| |activity, the monetary amount,|Frip: AIG, making up for the past? |
| |size, and type of transaction | |
| |for which verification and/or | |
| |insurance is sought, and the | |
| |nature of the goods and/or | |
| |services involved in the | |
| |transaction for which | |
| |verification and/or insurance | |
| |is sought. | |
|EARNINGS AT RISK METHOD AND SYSTEM; US |Market data; asset data; |Display of the calculated earnings at |
|8,275,637 B1; 9/25/2012; Class 705/4; 9 |policy data; process involves |risk forecasts. |
|claims; assigned to Allstate Insurance |calculating economic | |
|Company. |scenarios, generating |Frip: The concept of earnings at risk is |
| |processing instructions, and |wagging everyone’s needle. |
| |calculating forecasts for | |
| |earnings and earnings at risk.| |
|CAPACITY PLANNING FOR USER WAIT TIME; US |Transaction-level data, |Determination of when installation of |
|8,275,650 B1; 9/25/2012; Class 705/7.36; 17 |session-level data, user wait |additional self-service financial |
|claims; assigned to Bank of America |time data, and other data; |transaction devices (SSFTDs) may be |
|Corporation. |process uses an enhanced |desired at a site to improve end-to-end |
| |self-service financial |user experience. |
| |transaction device (SSFTD) | |
| |user wait time model to |Frip: Gimmie one of them SSFTDs. |
| |identify recommendations and | |
| |other statistical outputs. | |
|Systems and methods for consumer price index|Market research data |A consumer price index. |
|determination using panel-based and |determined by monitoring items| |
|point-of-sale market research data; US |purchased by a plurality of |Frip: Nielsen’s been around awhile; must |
|8,275,682 B2; 9/25/2012; Class 705/35; 29 |statistically-selected |have a bunch of patents by this time. |
|claims; assigned to The Nielsen Company |panelists; retail site market | |
|(US), LLC. |research data for items sold | |
| |by a plurality of retail | |
| |sites; process includes | |
| |combining the data to | |
| |determine weighted equivalent | |
| |unit pricing information. | |
|Systems and methods for deposit predictions |Deposit information associated|Identified largest total monetary amount,|
|based upon Monte Carlo analysis; US |with a plurality of deposits |which becomes the basis for providing or |
|8,275,683 B2; 9/25/2012; Class 705/35; 33 |for a deposit account of a |offering one or more financial services |
|claims; assigned to Fiserv, Inc. |financial institution |to the financial institution customer. |
| |customer, where the deposit | |
| |information includes a |Frip: Monte Carlo analysis. Brings back |
| |plurality of deposit amounts; |fond memories of Business 201. |
| |respective date associated | |
| |with each of the plurality of | |
| |deposit amounts; process | |
| |involves applying a Monte | |
| |Carlo analysis to at least a | |
| |portion of the deposit | |
| |information. | |
|Determining a payment strategy; US 8,275,685|Data on a user’s accounts and |Payment strategy recommendation, the |
|B2; 9/25/2012; Class 705/35; 25 claims; |their transaction history. |strategy providing perhaps a recommended |
|assigned to Bank of America Corporation. | |number of payments, the payment amount |
| | |for each payment, and the payment date |
| | |for each payment. |
| | | |
| | |Frip: BofA, reeling in those patents. |
|Methods for measuring hedging value-at-risk |Information defining an |Estimate of risk in a transaction |
|and profitability; US 8,275,686 B2; |industry average interest rate|including VAR and a discount curve for |
|9/25/2012; Class 705/36R; 17 claims; |used by banks for short term |the transaction. |
|assigned to The Bank of New York Mellon |funding and a principal | |
|Corporation. |benchmark for floating rate |Frip: Wow! A patent on VAR! |
| |interest payments for | |
| |tax-exempt issuers associated | |
| |with a transaction, the | |
| |information including | |
| |respective rate settings and a| |
| |current swap spread difference| |
| |between a percentage of the | |
| |industry average interest rate| |
| |and the principal benchmark; | |
| |discount rates confirmed by a | |
| |user; process involves | |
| |calculating value at risk | |
| |(VAR) and one or more | |
| |risk-return metrics for the | |
| |transaction using the current | |
| |swap spread difference. | |
|Personalized financial illustration, |Asset allocation glide paths |Simulated future of the investor with |
|guidance and advisory system for |representing asset allocation |target wealth goals and periodic reports |
|reference-date dependent investments; US |trajectories over time with |illustrating progress toward goals and |
|8,275,688 B2; 9/25/2012; Class 705/36R; 25 |respect to reference dates; |highlighting distribution of potential |
|claims; assigned to Business Logic |set of representative investor|risky outcomes. |
|Corporation. |profiles for each of said | |
| |asset allocation glide paths; |Frip: I’m gonna get rich! |
| |profile of a particular | |
| |investor. | |
|Computer based method of pricing equity |Data on a set of owners, the |Equity-indexed annuity that provides |
|indexed annuity product with guaranteed |data including dates of birth,|guaranteed lifetime income benefits in |
|lifetime income benefits; US 8,275,689 B2; |a rider charge, a lifetime |addition to providing adjustability in |
|9/25/2012; Class 705/36R; 5 claims; assigned|income percentage scale, a set|payment timing, access to the principal, |
|to Genesis Financial Products, Inc. |of profitability requirements,|and income that can increase as the stock|
| |a principal amount, and an |index increases. |
| |account value. | |
| | |Frip: I’m gonna get even richer! |
|Method and apparatus for enabling smaller |An investor’s investment |A portfolio that can be modified, with |
|investors or others to create and manage a |preferences, which are |trading orders being aggregated with |
|portfolio of securities or other assets or |provided interactively. |orders by other investors, a result being|
|liabilities on a cost effective basis; US | |better executions and lower costs. |
|8,275,690 B2; 9/25/2012; Class 705/36R; 8 | | |
|claims; assigned to FOLIOn, Inc. | |Frip: I’m talking filthy rich! |
|System and method for automatic trading of |Order data related to one or |Automatic execution of the trades. |
|foreign exchange currencies; US 8,275,692 |more order parameters of one | |
|B2; 9/25/2012; Class 705/37; 37 claims; |or more foreign exchange |Frip: Twenty more human traders, outta |
|assigned to Barclays Bank PLC (UK). |currency trades; process |work. |
| |involves generating | |
| |configuration data related to | |
| |configuration of each of the | |
| |one or more trades. | |
|Repositioning of market information on |Real-time market data that is |Repositioned display of market |
|trading screens; US 8,275,696 B2; 9/25/2012;|graphically positioned on an |information. |
|Class 705/37; 23 claims; assigned to Trading|interface around an item of | |
|Technologies International Inc. |interest such as the best bid |Frip: Never a week goes by without a |
| |price, the best ask price, the|contribution by TTI. |
| |inside market, a moving | |
| |average, a last traded price, | |
| |a theoretical value, the | |
| |result of an equation, or some| |
| |other item of interest to the | |
| |trader; occurrence of some | |
| |event. | |
|Lender rating system and method; US |Lender information such as |Lender ratings that serve as a basis to |
|8,275,700 B2; 9/25/2012; Class 705/38; 24 |prefunding operating controls |compare lenders to their peers to assist,|
|claims. |and repurchase history. |for example, investors in making |
| | |purchasing decisions or insurers for |
| | |setting pricing for warranty and |
| | |representation insurance. |
| | | |
| | |Frip: What, some lenders are a bit |
| | |shady?! Well I’ll be a stomped on toad |
| | |frog. |
|Method and system for mortgage exchange; US |Borrower information; |List of loans the borrower is approved |
|8,275,701 B2; 9/25/2012; Class 705/38; 20 |information on multiple loan |for, and after a loan selection is made, |
|claims; assigned to Altisource Solutions |products; process involves the|processing, funding, and closing of the |
|S.a.r.l (Luxembourg). |generation of a decision |loan. |
| |matrix for the borrower | |
| |comprising an extrapolation of|Frip: More former lending officers on the|
| |a combination of the borrower |unemployment lines. |
| |data and the plurality of loan| |
| |product data to provide an | |
| |accurate description of the | |
| |borrower's qualification for | |
| |specific loan products. | |
|Methods and systems for normalized |Scores for insurance policies,|Normalized insurance quality index of |
|identification and prediction of insurance |said scores being established |insurance policies. |
|policy profitability; US 8,275,707 B1; |from raw data representing at | |
|9/25/2012; Class 705/40; 19 claims; assigned|least some of the insurance |Frip: Hey, normalize this. |
|to the Chubb Corporation. |policies; process involves | |
| |lots of manipulations. | |
| |
|October 2, 2012 |
| |
|Total 705 Class patents issued: 81 |
|Data In-Data Out patents: at the very least, 10 |
|PATENT |DATA IN |DATA OUT |
|Method and system for recommending a change |Consumer financial data, |Selection of and provision of access to |
|of bank account based on actual financial |financial transaction data, |an appropriate bank account. |
|data; US 8,280,787 B1; 10/2/2012; class |and banking transaction data | |
|705/30; 14 claims; assigned to Intuit Inc. |associated with a given |Frip: But I don’t want this bank account!|
| |consumer; data representing |Tough. |
| |one or more bank accounts | |
| |currently available; process | |
| |involves analyzing financial | |
| |transaction data to identify | |
| |one or more consumer bank | |
| |account usage attributes | |
| |associated with the given | |
| |consumer. | |
|Price earnings derivative financial product;|An algorithm for calculating a|Calculated payoff, which becomes at least|
|US 8,280,794 B1; 10/2/2012; class 705/35; 24|ratio of a strike price to |part of a transaction. |
|claims; assigned to JPMorgan Chase Bank, NA.|earnings; at least one equity;| |
| |a quantity; a maturity |Frip: A few equations equal a patent. |
| |algorithm; process involves | |
| |calculating a payoff ratio. | |
|Closing in an electronic market; US |Closing orders and orders for |Executed orders. |
|8,280,797 B2; 10/2/2012; class 705/36R; 19 |a security traded in the | |
|claims; assigned to The NASDAQ OMX Group, |electronic market; process |Frip: Computers, tradin’ with each other,|
|Inc. |involves disseminating an |gettin’ wealthy. Humans, becomin’ |
| |order imbalance indicator |superfluous, gettin’ poor. |
| |indicative of predicted | |
| |trading characteristics of the| |
| |security at the close of | |
| |trading, determining a closing| |
| |price for the security based | |
| |on the closing orders and | |
| |orders, and executing at least| |
| |some of the closing orders at | |
| |the determined closing price. | |
|Fund for hedging real estate ownership risk |Target range for investment |Investment fund for individual investors,|
|using financial portfolio theory and data |ratio; target geographic area;|each of whom has an investment ratio |
|feed for analyzing the financial performance|process includes identifying a|defined by a dollar amount of direct real|
|of a portfolio that includes real estate; US|model composite portfolio, |estate investments held by the investor |
|8,280,798 B1; 10/2/2012; class 705/36R; 32 |which involves a bunch of |outside of the fund divided by a dollar |
|claims. |stuff. |amount of shares in the fund held by the |
| | |individual investor. |
| | | |
| | |Frip: Hedging real estate investments. |
| | |Good luck with that. |
|System and method for dynamically changing |Market data; process includes |Changed order. |
|an electronic trade order quantity; US |determining by an automated | |
|8,280,801 B2; 10/2/2012; class 705/37; 24 |trading tool if a leaned on |Frip: Lean on me, I’m not sorry. . . |
|claims; assigned to Trading Technologies |quantity of a trading strategy| |
|International, Inc. |has increased or decreased and| |
| |if so, dynamically changing a | |
| |desired order quantity to | |
| |reflect the change in the | |
| |leaned on quantity. | |
|System and method for decisions in trading |Market data. |Computer plot of a resistance line for |
|financial instruments; US 8,280,802 B1; | |the price of the tradable financial |
|10/2/2012; class 705/37; 33 claims. | |instrument, a support line for the price |
| | |of the tradable instrument, and a |
| | |transition point at which the price of |
| | |the tradable instrument is predicted as |
| | |being in either an upward trend or a |
| | |downward trend. |
| | | |
| | |Frip: Three plots equal one patent. |
|System and method for providing a linear |Market information associated |A linear spread price axis, at which |
|spread; US 8,280,803 B2; 10/2/2012; class |with a trading strategy, known|price levels are separated by consistent |
|705/37; 18 claims; assigned to Trading |as a spread; market volatility|linear tick increments. |
|Technologies International, Inc. |parameter; a divide spread | |
| |algorithm. |Frip: Spread ‘em, literally that is. |
|Evaluation and adjustment of settlement |Series of consecutive |If threshold exceeded, the setting of the|
|value curves; US 8,280,804 B2; 10/2/2012; |settlement values for a |second settlement value to a new value |
|class 705/37; 20 claims; assigned to Chicago|derivative product; a |and the calculation of a mark-to-market |
|Mercantile Exchange, Inc. |threshold; process involves |settlement value for the derivative |
| |determining that a difference |product based on the first settlement |
| |between a first settlement |value and the new value. |
| |value in a pair and a second | |
| |settlement value in the pair |Frip: What are they talking about? |
| |exceeds a threshold; process | |
| |is useful in connection with | |
| |providing discount factors for| |
| |an exchange-traded | |
| |mark-to-market derivative | |
| |product that has a variable | |
| |tick rate. | |
|Systems and methods for determining the |Application information, |Indication representing a likelihood that|
|likelihood that a loan closes; US 8,280,806 |including at least borrower |a mortgage loan may result in closing. |
|B1; 10/2/2012; class 705/38; 20 claims; |information, property | |
|assigned to Freddie Mac. |information, and a first |Frip: Freddie? You still here? |
| |interest rate; home value | |
| |information; a second interest| |
| |rate. | |
|System and method for providing debt |An overdraft; information |Adverse event occurrence signal |
|protection for financial overdraft account; |establishing an occurrence of |triggering a debt protection program that|
|US 8,280,813 B2; 10/2/2012; class 705/40; 31|one of a selected plurality of|automatically repays the overdraft in |
|claims; assigned to Associated Banc-Corp. |adverse events, such as death,|full including cost and fees up to a |
| |disability, or involuntary |predetermined maximum amount. |
| |unemployment, experienced by | |
| |the user. |Frip: Hey, I’m dead! I don’t give two |
| | |hoots about overdraft protection! |
| |
|October 9, 2012 |
| |
|Total 705 Class patents issued: 93 |
|Data In-Data Out patents: at the very least, 7 |
|PATENT |DATA IN |DATA OUT |
|System and method of determining the quality|Enhanced transaction data; |Quality of the enhance transaction data. |
|of enhanced transaction data; US 8,285,610 |quality check criteria. | |
|B2; 10/9/2012; Class 705/30; 24 claims; | |Frip: Nothing better than good data. |
|assigned to Visa U.S.A. Inc. | | |
|Construction industry risk management |Data relevant to the |Report relating to risk due diligence. |
|clearinghouse; US 8,285,615 B2; 10/9/2012; |construction industry from | |
|Class 705/35; 5 claims; assigned to Goldman |multiple sources; embodiments |Frip: Hard to associate a Wall Street |
|Sachs & Co. |of the invention relate to |Bank with hammers and nails. |
| |systems, methods, apparatus, | |
| |computer program code, and | |
| |means to conduct due diligence| |
| |and research and make informed| |
| |decisions to manage Risks | |
| |related to the business, | |
| |manufacture, repair, | |
| |maintenance and finance of | |
| |man-made structures. | |
|Method and system for dynamically producing |Data about trade payment |Credit evaluation report of the entity of|
|detailed trade payment experience for |experience of entities; |interest. |
|enhancing credit evaluation; US 8,285,616 |request for enhanced credit | |
|B2; 10/9/2012; Class 705/35; 13 claims; |evaluation report about an |Frip: D&B, maybe a defensive patent? |
|assigned to The Dun & Bradstreet |entity of interest; | |
|Corporation. |user-specified rules or | |
| |criteria for evaluating credit| |
| |of the entity of interest; | |
| |process involves selecting | |
| |trade experiences for the | |
| |entity of interest and for a | |
| |peer group. | |
|Stock market prediction using natural |On-line news feeds and similar|Predictions of changes in stock prices |
|language processing; US 8,285,619 B2; |real-time sources; process |and volatilities. |
|10/9/2012; Class 705/36R; 7 claims. |involves natural language | |
| |processing. |Frip: What if your natural language |
| | |contains a lot of obscenities? |
|Methods and systems for building and |Data on financial instruments;|Long-term portfolio weight. |
|managing portfolios based on ordinal ranks |process involves determining | |
|of securities; US 8,285,620 B1; 10/9/2012; |portfolio weights for |Frip: Crunching them numbers. |
|Class 705/36R; 14 claims; assigned to |financial instruments based on| |
|Westpeak Global Advisors, LLC. |a ranking associated with each| |
| |instrument, a cutoff rank, and| |
| |a risk multiplier. | |
|Method and system for providing budgeting |Financial data about an |Budget recommendations for the |
|recommendations based on financial data from|individual and his or her |individual. |
|similarly situated individuals; US |peers; process involves lots | |
|8,285,622 B1; 10/9/2012; Class 705/36R; 24 |of comparing and manipulating |Frip: But what if you’re not similar to |
|claims; assigned to Intuit Inc. |of data. |anybody? |
|Authorization request for financial |Real-time information from a |Notification to the merchant regarding |
|transactions; US 8,285,637 B2; 10/9/2012; |merchant on products involved |the decision about the authorization of |
|Class 705/38; 14 claims; assigned to |in a financial transaction; |the financial transaction. |
|American Express Travel Related Services |process involves the receiving| |
|Company, Inc. |financial institution |Frip: Big Brother stayin’ one step ahead |
| |identifying financial risk |of you fraudsters out there. |
| |associated with the | |
| |transaction and making a | |
| |decision as to whether to | |
| |authorize the merchant to | |
| |carry out the transaction. | |
| |
|October 16, 2012 |
| |
|Total 705 Class patents issued: 97 |
|Data In-Data Out patents: at the very least, 12 |
|PATENT |DATA IN |DATA OUT |
|Method and system for determining a risk of |Line of business; historical |Loss distribution for the selected line |
|losses; US 8,290,793 B2; 10/16/2012; Class |data regarding losses |of business. |
|705/4; 27 claims; assigned to Swiss |associated with the selected | |
|Reinsurance Company Ldt. (Switzerland). |line of business; process |Frip: “Cumulative distribution function |
| |includes determining a tail |with a negative second derivative.” |
| |characteristic and a tail |Here’s the question: can the patent |
| |threshold for the selected |examiner explain that? |
| |line of business, and | |
| |selecting a loss distribution | |
| |function having a cumulative | |
| |distribution function with a | |
| |negative second derivative | |
| |based on the tail | |
| |characteristic and the tail | |
| |threshold specific to the line| |
| |of business. | |
|Method for using environmental |Evaluation, according to an |Crop insurance policy. |
|classification to assist in financial |environmental classification | |
|management and services; US 8,290,795 B2; |system, of use of agricultural|Frip: Data in-data out, pure and simple. |
|10/16/2012; Class 705/4; 3 claims; assigned |inputs for a land base | |
|to Pioneer Hi-Bred International, Inc. |associated with a producer; | |
| |process includes determining | |
| |(1) a recommended agricultural| |
| |input of the agricultural | |
| |inputs and (2) a production | |
| |risk associated with using the| |
| |recommended agricultural | |
| |input. | |
|Determination of surety quote metric; US |Information descriptive of (1)|Surety quote metrics |
|8,290,798 B1; 10/16/2012; Class 705/4; 29 |a net worth of a potential | |
|claims; assigned to The Travelers Indemnity |surety customer and (2) a |Frip: Insurance stuff causes head to |
|Company. |credit rating of the potential|hurt. |
| |surety customer; process | |
| |involves a number of | |
| |intermediate calculations, | |
| |determinations, and | |
| |selections, including the | |
| |selection of one of a set of | |
| |maximum exposure matrices. | |
|Systems and methods for financial instrument|Financial data; process |Display of information on financial |
|inspection; US 8,290,837 B2; 10/16/2012; |includes selection of the type|instruments and trades thereof. |
|Class 705/35; 23 claims; assigned to BGC |and presentation format of | |
|Partners, Inc. |financial performance data to |Frip: Graphic display patents are getting|
| |be displayed when the user |more complex. |
| |selects a particular | |
| |investment instrument. | |
|Computer driven simulator and optimizer for |Data; simulation parameters; |Rankings of the various simulation |
|distributed capture implementation; US |simulation assumptions; |results. |
|8,290,839 B1; 10/16/2012; Class 705/35; 10 |process involves simulating | |
|claims; assigned to Wells Fargo Bank, N.A. |and analyzing financial |Frip: More banking locations, fewer bank |
| |aspects of implementation of a|employees. So much for job creation. |
| |plan to convert existing | |
| |depository locations of a | |
| |banking institution to | |
| |distributed capture | |
| |technology. | |
|Method for determining insurance benefits |Credit information on an |Credit life insurance benefits for the |
|and premiums from dynamic credit |individual registered in the |individual. |
|information; US 8,290,840 B2; 10/16/2012; |program; process involves | |
|Class 705/35; 14 claims; assigned to |determining the total debt of |Frip: Credit life insurance. Exactly what|
|, Inc. |the individual, the amount of |is that? |
| |debt to be covered by credit | |
| |life insurance benefits, and | |
| |other stuff. | |
|System and method for presenting |Data describing a plurality of|Facts associated with the potentially |
|quasi-periodic activity; US 8,290,845 B2; |valid activities, each valid |fraudulent activity for further analysis |
|10/16/2012; Class 705/35; 20 claims; |activity having a plurality of|and investigation. |
|assigned to FIS Financial Compliance, LLC. |attributes, each attribute | |
| |having a value; an indication |Frip: Catchin’ the bad guys. |
| |of suspect activity; process | |
| |involves comparing the suspect| |
| |activity to the valid | |
| |activities. | |
|Methods, apparatus and computer program |Financial information |Amount of a distribution based at least |
|products for use in association with joint |associated with a joint |in part on the financial information and |
|ventures and/or potential joint ventures; US|venture; user-defined hurdle |one or more hurdle sets. |
|8,290,847 B2; 10/16/2012; Class 705/36R; 24 |set. | |
|claims; assigned to General Electric Capital| |Frip: “Hurdle set”? |
|Corporation. | | |
|System and method for establishing an index |Data for publicly traded |Spectrum index value as a function of |
|for spectrum used to support wireless |companies; process involves |financial data for selected publicly |
|communications; US 8,290,848 B2; 10/16/2012;|determining a spectrum value |traded companies and spectrum-related |
|Class 705/36R; 14 claims; assigned to |for each company, determining |data for the selected companies. |
|Spectrum Bridge, Inc. |various weightings, and | |
| |combining stuff. |Frip: Ah, the fights for spectrum gather |
| | |steam. |
|System and method for optimizing the |Real-time market information; |Update of graphic user interface with a |
|frequency of market information updates in |example method includes |message of high precedence level, and |
|an electronic trading environment; US |associating different |storage of messages with lower precedence|
|8,290,850 B1; 10/16/2012; Class 705/37; 21 |precedence levels with |levels. |
|claims; assigned to Trading Technologies |messages comprising market | |
|International, Inc. |information, with messages |Frip: TTI, keepin’ ‘em coming. |
| |containing market information | |
| |related to the inside market | |
| |maybe being associated to a | |
| |higher precedence level. | |
|Model-based selection of trade execution |Trade order; multi-dimensional|Selection, based on the assessed order |
|strategies; US 8,290,852 B2; 10/16/2012; |model having at least three |difficulty, of at least one of the |
|Class 705/37; 20 claims; assigned to |dimensions, each dimension |execution strategies to execute the trade|
|Goldman, Sachs & Co. |pertaining to order difficulty|order. |
| |of a trade order; processing | |
| |involves mapping the |Frip: Wow! A 3D model to lose your money.|
| |multi-dimensional model into | |
| |multiple execution strategies | |
| |such that different execution | |
| |strategies are associated with| |
| |different levels of order | |
| |difficulty, and assessing the | |
| |order difficulty of the trade | |
| |order. | |
|Systems and methods for credit management |Financial information, |Credit memorandum that a user can use to |
|risk rating and approval; US 8,290,857 B2; |non-financial information, and|recommend approval or denial of the |
|10/16/2012; Class 705/38; 16 claims; |sector information regarding |credit offering. |
|assigned to The PNC Financial Services |the borrower, the information | |
|Group, Inc. |derived from the scores of |Frip: Your credit finished! |
| |answers to qualitative | |
| |questions; process involves | |
| |calculating a probability of | |
| |default rating of the borrower| |
| |and calculating a loss given | |
| |default rating for the | |
| |borrower, and integrating the | |
| |results of the calculations | |
| |with other information to | |
| |produce a credit memorandum. | |
| |
|October 23, 2012 |
| |
|Total 705 Class patents issued: 87 |
|Data In-Data Out patents: at the very least, 12 |
|PATENT |DATA IN |DATA OUT |
|Connecting decisions through customer |Hierarchy of relationships |Score for a risk decision for one or more|
|transaction profiles; US 8,296,205 B2; |among financial services, |specific services, channels, or whatever.|
|10/23/2012; Class 705/35; 17 claims; |channels, or both; summary of | |
|assigned to Fair Isaac Corporation. |transactional behaviors of a |Frip: You’ve been algorithmed to the |
| |customer related to each of |least common denominator. |
| |the financial services and | |
| |channels; process involves | |
| |generating a customer level | |
| |transactional behavior summary| |
| |and a customer profile. | |
|Method and system for providing intelligent |Financial data associated with|Budget analysis and recommendations for |
|targeted budgeting using financial |multiple individuals; |the individual. |
|transaction data from similarly situated |financial data associated with| |
|individuals; US 8,296,206 B1; 10/23/2012; |a given individual; process |Frip: We’re all above average. |
|Class 705/35; 17 claims; assigned to Intuit |involves creating peer group | |
|Inc. |financial profiles to which | |
| |the individual’s financial | |
| |profile is compared. | |
|Backward/forward trading contracts based on |REIT return data from each |Second index that approximates prices in |
|REIT-based pure property return indexes; US |REIT of a plurality of REITs |the private property market. |
|8,296,207 B2; 10/23/2012; Class 705/35; 15 |at a predetermined frequency; | |
|claims; assigned to Massachusetts Institute |process involves processing |Frip: MIT in the REIT business. |
|Of Technology and National Real Estate |the REIT return data according| |
|Investment Trusts. |to exposures to each of a | |
| |plurality of target | |
| |characteristics to obtain | |
| |coefficients reflecting each | |
| |REIT's weight in an index, | |
| |then generating an index | |
| |according to the REITs, the | |
| |obtained coefficients, and the| |
| |weights. | |
|Weather derivative volatility surface |Volatility levels for weather |Display of an implied volatility surface|
|estimation; US 8,296,210 B2; 10/23/2012; |derivative option contracts |that includes volatility levels for at |
|Class 705/36; 17 claims; assigned to Chicago|having a range of strike |least some of the weather derivative |
|Mercantile Exchange Inc. |prices and a range of times to|option contracts and at least either a |
| |maturity, using an option |volatility level for a weather derivative|
| |volatility model; process |futures contract or a meteorological |
| |involves identifying any of |volatility level. |
| |the weather derivative option | |
| |contract volatility levels |Frip: And you thought weather was |
| |that deviate from adjoining |complicated. It’s simple when compared to|
| |volatility levels by a |betting on the weather. |
| |predetermined threshold, and | |
| |replacing them with either | |
| |weather derivative futures | |
| |contracts volatility levels or| |
| |meteorological volatility | |
| |levels. | |
|Method of analyzing investments using |Historical performance data |Analysis of investments. |
|standardized performance measurements; US |for investments; process can | |
|8,296,211 B2; 10/23/2012; Class 705/36R; 31 |involve pre-existing or |Frip: Perfecto! |
|claims; assigned to Bdellium, Inc. |personally defined | |
| |quantitative measurement | |
| |algorithms, user-defined | |
| |weightings for various | |
| |performance measurements, | |
| |segmentation into peer groups,| |
| |comparisons, and so on. | |
|Using commercial share of wallet to rate |Financial statement data of |Quality rating for the investment fund |
|investments; US 8,296,213 B2; 10/23/2012; |each company in a plurality of|based on the commercial size of spending |
|Class 705/36R; 14 claims; assigned to |companies; total known |wallet for the plurality of companies. |
|American Express Travel Related Services |business spending of each | |
|Company, Inc. |company; model of industry |Frip: American Express just can’t get |
| |spending patterns; process |enough of this share of wallet stuff. |
| |involves determining the | |
| |commercial size of spending | |
| |wallet for a plurality of | |
| |companies in which an | |
| |investment fund is invested. | |
|Methods and apparatus related to billing and|Quantity of an asset and a |Signal indicating value of the asset at |
|accounting for assets that require more than|value of a multiplier fund, |the second time, the value of the |
|two factors to establish asset value; US |which is based at least in |multiplier fund, and the adjustment |
|8,296,214 B1; 10/23/2012; Class 705/36R; 20 |part on an adjustment value, |value. |
|claims. |which in turn is based at | |
| |least in part on a value of an|Frip: Quick, without looking, what is |
| |index at a first time, the |this about? |
| |value of the index at a second| |
| |time, and a multiplier value | |
| |associated with the multiplier| |
| |fund. | |
|Quote and order entry interface; US |Stock market information and |Display of the information using an |
|8,296,220 B2; 10/23/2012; Class 705/37; 20 |financial data information. |arrangement of juxtaposed bands, each |
|claims; assigned to T.D. Ameritrade IP | |band having a variable width dependent |
|Company, Inc. | |upon a component of the received |
| | |information corresponding to that band, |
| | |and the bands being in a concentric |
| | |arrangement. |
| | | |
| | |Frip: Cute display. Really. |
|Methods and systems related to securities |Electronic data describing a |Executed trading order. |
|trading; US 8,296,221 B1; 10/23/2012; Class |trading order for a | |
|705/37; 22 claims; assigned to Alpha Vision |market-traded security; |Frip: Those algorithms again. |
|Services, LLC. |process involves checking the | |
| |data describing the trading | |
| |order against one or more sets| |
| |of conditions, identifying a | |
| |class of trading algorithms | |
| |appropriate for execution of | |
| |the trading order, selecting | |
| |one or more trading | |
| |algorithms, and commencing | |
| |execution of the trading order| |
| |via the selected one or more | |
| |trading algorithms. | |
|Time-efficient and deterministic adaptive |Transaction data for financial|Percentile of the new score, which is |
|score calibration techniques for maintaining|transactions; process involves|translated to a calibration score with |
|a predefined score distribution; US |scoring each of the financial |fixed percentile characteristics |
|8,296,225 B2; 10/23/2012; Class 705/38; 10 |transactions based on the |according to a fixed reference curve. |
|claims; assigned to Fair Isaac Corporation. |transaction data to generate a| |
| |batch of scores for the |Frip: Well, la-de-da. |
| |financial transactions, | |
| |dividing a score range into k | |
| |bins with each of the k bins | |
| |representing one memory space,| |
| |aggregating the batch of | |
| |scores by storing a count of | |
| |each score in an associated | |
| |memory space, and computing a | |
| |percentile for each score | |
| |based on a set of values | |
| |associated with the count of | |
| |each score. | |
|Computerized extension of credit to existing|Expected tax refund amount. |New credit or additional credit to demand|
|demand deposit accounts, prepaid cards and | |deposit accounts, prepaid cards, and |
|lines of credit based on expected tax refund| |existing lines of credit of customer |
|proceeds, associated systems and computer | |getting the tax refund. |
|program products; US 8,296,227 B2; | | |
|10/23/2012; Class 705/38; 7 claims; assigned| |Frip: Nice, but only the one percent get |
|to Metabank. | |refunds, right? |
|Systems and methods for screening payment |From a sending financial |Risk score and validation code. |
|transactions; US 8,296,232B2; 10/23/2012; |institution, information about| |
|Class 705/39; 17 claims; assigned to Visa |a set of attributes associated|Frip: You go, Visa. |
|International Service Association. |with a sending entity and a | |
| |set of attributes associated | |
| |with a receiving entity for a | |
| |money transfer transaction; | |
| |process involves searching a | |
| |database about the attributes,| |
| |and determining for and | |
| |communicating a risk score to | |
| |the sending financial | |
| |institution. | |
| |
|October 30, 2012 |
| |
|Total 705 Class patents issued: 117 |
|Data In-Data Out patents: at the very least, 11 |
|PATENT |DATA IN |DATA OUT |
|Method for forecasting housing prices using |Historical data from a second |Estimate of the price of the property in |
|a dynamic error correction model; US |housing sub-market; process |the first housing sub-market. |
|8,301,459 B1; 10/30/2012; Class 705/1.1; 21 |involves deriving a price | |
|claims; assigned to Freddie Mac. |index for the second housing |Frip: Freddie Mac, not giving up. |
| |sub-market, and calculating an| |
| |error correcting function for | |
| |the first housing sub-market. | |
|Method for maximizing retirement income |Financial information about a |Optimal scenario for maximizing |
|using financial bridge products and deferred|client and spouse; process |retirement income. |
|social security income; US 8,301,526 B2; |involves modeling a variety of| |
|10/30/2012; Class 705/35; 10 claims; |income scenarios, each model |Frip: But what if the social security |
|assigned to The Prudential Insurance Company|including income from a bridge|system goes belly-up? |
|of America. |product and deferred Social | |
| |Security income, and | |
| |projecting alternate funding | |
| |approaches. | |
|Apparatus and methods for handling trading |Price samples of a currency |Settled prices. |
|data; US 8,301,531 B2; 10/30/2012; Class |over a period of time; process| |
|705/35; 16 claims; assigned to The World |involves forming an historical|Frip: So besides manipulating data, what |
|Markets Company PLC (UK). |record of price samples, |is this patent about? |
| |categorizing the received | |
| |price samples, deriving a | |
| |fixed price based on the | |
| |samples categorized as valid, | |
| |enabling the dealing party to | |
| |receive after a fixing time a | |
| |record of the reference price | |
| |fixed at the fixing time, and | |
| |enabling the dealing party to | |
| |settle each of the accepted | |
| |orders with the respective | |
| |clients in accordance with the| |
| |prices defined by reference to| |
| |the reference price. | |
|System and method for preventing cross |Information regarding the |Appropriate action to prevent the |
|trading; US 8,301,532 B2; 10/30/2012; Class |current state in the market. |crossing of orders. |
|705/35; 18 claims; assigned to Trading | | |
|Technologies International, Inc. | |Frip: If I’ve told you once I’ve told you|
| | |a hundred times. Don’t cross your orders.|
|System and method for analyzing and |Financial data associated with|Set of option spreads or other investment|
|searching financial instrument data; US |stocks and stock options from |strategies, in sorted order, that |
|8,301,535 B1; 10/30/2012; Class 705/36R; 48 |multiple sources; values |satisfies the investor-supplied search |
|claims; assigned to Power Financial Group, |derived from calculations for |values. |
|Inc. |a set of searchable screening | |
| |parameters related to |Frip: Enabling an investor to go |
| |searching stock option |belly-up. |
| |spreads; user-supplied values | |
| |and ranges of values for | |
| |searching the set of | |
| |searchable screening | |
| |parameters. | |
|System and method for estimating portfolio |Time series comprising a |Output comprising at least one of value |
|risk using an infinitely divisible |plurality of risk factors |at risk, average value at risk, option |
|distribution; US 8,301,537 B1; 10/30/2012; |applicable over at least one |price, and portfolio optimization. |
|Class 705/36R; 20 claims; assigned to |time horizon; portfolio | |
|Finanlytica, Inc. |comprising a plurality of |Frip: You lost me at leptokurtic |
| |financial assets; one or more |behavior. |
| |risk adjusted return points | |
| |for the financial assets, the | |
| |assets being associated with | |
| |the risk factors; process | |
| |involves estimating parameters| |
| |of one or more risk factors | |
| |such as financial returns | |
| |series based on an infinitely | |
| |divisible tempered stable | |
| |distribution model exhibiting | |
| |leptokurtic behavior, and | |
| |generating scenarios for the | |
| |model. | |
|System and method for selecting securities |Information on a selection of |Stock portfolio for an exchange-traded |
|for an investment portfolio; US 8,301,538 |securities, the selection |fund. |
|B2; 10/30/2012; Class 705/36R; 19 claims; |being based at least in part | |
|assigned to First Trust Portfolios L.P. |on market capitalization; |Frip: Slicing and dicing. |
| |process involves scoring each | |
| |stock using growth and value | |
| |factors to generate one or | |
| |more growth scores and one or | |
| |more value scores, determining| |
| |a selection score for each | |
| |stock, ranking the stocks | |
| |according to selection scores,| |
| |eliminating a predetermined | |
| |amount of stocks based on the | |
| |selection score ranking, and | |
| |splitting the remaining stocks| |
| |into sub-groups. | |
|Method and apparatus of analyzing social |For a financial market |Trend associated with a financial market |
|network data to identify a financial market |instrument, a number of |instrument. |
|trend; US 8,301,545 B1; 10/30/2012; Class |messages of a plurality of | |
|705/37; 21 claims; assigned to Yahoo! Inc. |messages occurring during a |Frip: So now you’re basing your |
| |time span and containing a |investment decisions on tweets? |
| |reference to a certain | |
| |financial market instrument, | |
| |the messages being from at | |
| |least one social networking | |
| |service; process involves | |
| |counting and analyzing the | |
| |messages and comparing the | |
| |results to messages during the| |
| |period for other financial | |
| |instruments. | |
|System and method for providing market |Real-time market updates; |Modified market updates, the modification|
|updates in an electronic trading |triggering events. |being in response to the triggering |
|environment; US 8,301,546 B2; 10/30/2012; | |events and pertaining to stuff like the |
|Class 705/37; 34 claims; assigned to Trading| |amount of data provided or the frequency |
|Technologies International, Inc. | |of the updates. |
| | | |
| | |Frip: TTI, bringing home the bacon. |
|Methods and systems related to securities |Data describing an executed |Impact-free price estimate. |
|trading; US 8,301,548 B1; 10/30/2012; Class |trading order in a market | |
|705/37; 23 claims; assigned to Alpha Vision |traded security and related |Frip: Wantin’ to know where every penny |
|Services, LLC. |trade execution data; process |goes. |
| |involves estimating a price of| |
| |the market traded security if | |
| |the executed trading order had| |
| |not been executed, and | |
| |transmitting the impact-free | |
| |price estimate. | |
|Emerging trends lifecycle management; US |Idea relating to the |Model for rapid innovation with a quality|
|8,301,563 B2; 10/30/2012; Class 705/42; 13 |generation or modification of |emphasis through efficient pipeline |
|claims; assigned to Wells Fargo Bank, N.A. |an application; process |management, or something. |
| |involves analyzing the idea | |
| |based upon a set of metrics, |Frip: Jargon 101. |
| |establishing a scoreboard | |
| |based upon the analysis to | |
| |quantify the idea, and | |
| |determining a viability of the| |
| |idea based upon the | |
| |scoreboard—which includes a | |
| |strategic value component, a | |
| |business value component, an | |
| |innovation score component, a | |
| |complexity component, and an | |
| |execution velocity | |
| |component—that quantifies the | |
| |idea based upon a policy, | |
| |preference, threshold, | |
| |benchmark, or any combination | |
| |thereof. | |
| |
|November 6, 2012 |
| |
|Total 705 Class patents issued: 100 |
|Data In-Data Out patents: at the very least, 14 |
|PATENT |DATA IN |DATA OUT |
|Spatial database system for generation of |Weather data and updates; |Monetary exposure based on geographic |
|weather event and risk reports; US 7,949,548|insurer portfolio data by |locations. |
|C1 (485th); 11/6/2012; Class 705/4; 70 |geographic location; risk | |
|claims; assigned to Guy Carpenter & Company |thresholds for the insurer |Frip: Hurricane Sandy anyone? |
|(Reexamination) |portfolio; process involves | |
| |determining the effects of | |
| |weather on the portfolio by | |
| |geographic location. | |
|Insurance benefits estimator; US 8,306,832 |Cost parameters and |Ranked comparison result of the cost of, |
|B2; 11/6/2012; Class 705/4; 20 claims; |reimbursement parameters of |and reimbursement benefits provided by, |
|assigned to Maxn Systems, Inc. |different medical insurance |the different medical insurance plans. |
| |plans; individual risk factors| |
| |such as age; customer designed|Frip: Do they have malaria in Malawi? |
| |risk scenarios; process | |
| |involves ranking insurance | |
| |plans, and invention is geared| |
| |toward providing international| |
| |travelers with appropriate | |
| |insurance. | |
|Employee feedback and problem management |Information relating to a |Display on a graphical user interface of |
|portal; US 8,306,843 B1; 11/6/2012; Class |company employee hierarchy; |a visual representation of a path |
|705/7.27; 24 claims; assigned to Bank of |information relating to the |traveled by the suggestion through at |
|America Corporation. |submission of a suggestion by |least a part of the company employee |
| |a first employee; information |hierarchy, and other stuff. |
| |relating to the status of the | |
| |suggestion, which may include |Frip: Great. On a computer screen you can|
| |an identification of a second |follow the path of your suggestion right |
| |employee who has viewed the |into an icon of a crapper. |
| |suggestion. | |
|System and method for strategizing |Information about consumers |Evaluations of strategies for sales, |
|interactions with a client base; US |and particular products and |marketing, cross-selling, retention, or |
|8,306,850 B2; 11/6/2012; Class 705/7.33; 48 |services held or used by the |other interactions with one or more of |
|claims; assigned to Branch Banking & Trust |consumers, the information |the consumers, the evaluations possibly |
|Company. |being contained in a database.|including, for example, hierarchically |
| | |ranking the consumers, determining a |
| | |clustering of the consumers, or both. |
| | | |
| | |Frip: Big Brother got your number. |
|System and method for presenting fraud |Empirical data; process |Presentation of potentially fraudulent |
|detection information; US 8,306,889 B2; |involves analyzing empirical |activity and facts associated with the |
|11/6/2012; Class 705/35; 24 claims; assigned|data to detect potentially |potentially fraudulent activity. |
|to FIS Financial Compliance Solutions, LLC. |fraudulent activity and | |
| |alerting users of the |Frip: FRAUD! |
| |potentially fraudulent | |
| |activity via a fraud detection| |
| |user interface.. | |
|Determining commercial share of wallet; US |Company financial data; |Estimate of commercial size of spending |
|8,306,890 B2; 11/6/2012; Class 705/35; 20 |business spending of the |wallet. |
|claims; assigned to American Express Travel |company; trade credit data; | |
|Related Services Company, Inc. |model of industry spending |Frip: American Express is addicted to |
| |patterns. |this share of wallet stuff. Someone must |
| | |have had a very persuasive professor in |
| | |business school. |
|Potential-based asset comparison; US |Historical data values for a |Recommendations to buy or sell compared |
|8,306,891 B1; 11/6/2012; Class 705/36R; 21 |set of factors; historical |assets, or something like that, the |
|claims; assigned to , Inc. |data for observed market |system being particularly applicable in |
| |values; process involves |connection with comparing a managed |
| |comparing two assets in |portfolio, such as a mutual fund, against|
| |various ways. |an index that a portfolio manager is |
| | |attempting to track. |
| | | |
| | |Frip: The comparison theory of investing.|
|Fixed income securities index; US 8,306,892 |Regional weight for each of |Value of a financial index. |
|B1; 11/6/2012; Class 705/36R; 22 claims; |one or more regions, and, for | |
|assigned to Pacific Investment Management |each of the regions, a |Frip: Do a little arithmetic and you’ve |
|Company LLC. |category weight for each of |got yourself a financial index. |
| |one or more categories of | |
| |financial instruments issued | |
| |from the region; process | |
| |includes programmatically | |
| |calculating, for the | |
| |categories and regions, | |
| |subindices based at least in | |
| |part on the constituent | |
| |financial instruments, and | |
| |determining a financial index.| |
|Economic intelligence; US 8,306,894 B2; |Transactional data; process |Index scores that may result in an index |
|11/6/2012; Class 705/36R; 20 claims; |includes the calculation of |of economic conditions. |
|assigned to Bank of America Corporation. |sub-scores that may include an| |
| |account sub-score, an |Frip: Could you guys just cash my check? |
| |investment sub-score, a | |
| |discretionary sub-score, or | |
| |two or more of them. | |
|Portfolio confirmation and certification |Assets and liabilities of a |Reports on risk and performance data and |
|platform; US 8,306,895 B1; 11/6/2012; Class |hedge fund and a fund-provided|confirmation and certification of |
|705/36R; 28 claims; assigned to Morgan |value of each asset and |information reported by a hedge fund to |
|Stanley Fund Services, Inc. |liability; corroborating data |its investors. |
| |from a third party independent| |
| |of the hedge fund. |Frip: You mean hedge funds have real |
| | |values?! |
|Method and system to solve dynamic |Performance data of an asset |Estimates for time-varying factor |
|multi-factor models in finance; US 8,306,896|collection for multiple time |exposures. |
|B2; 11/6/2012; Class 705/36R; 18 claims; |intervals; data related to at | |
|assigned to Markov Processes International, |least one factor for the time |Frip: And you wonder where the financial |
|LLC. |intervals; process involves |collapse of 2007-09 originated. |
| |estimating time-varying factor| |
| |exposures in a financial or | |
| |economic model or problem, | |
| |through the solution of a | |
| |multi-factor dynamic | |
| |optimization of the model or | |
| |problem, while meeting the | |
| |constraints for the estimated | |
| |time-varying factor exposures | |
| |in the model or problem. | |
|Online purchasing system supporting sellers |Information regarding a |Display of the financing options. |
|with affordability screening; US 8,306,898 |product being offered for | |
|B2; 11/6/2012; Class 705/36R; 80 claims. |sale; personal or credit |Frip: At last, something simple. |
| |information relating to the | |
| |potential buyer; process | |
| |involves identifying multiple | |
| |financing options that may be | |
| |used to finance the purchase | |
| |of the product. | |
|System and method for offering risk-based |Credit history data; process |Communication to a consumer of a |
|interest rates in a credit instrument; US |involves calculating interest |multi-tiered offer to apply for a credit |
|8,306,907 B2; 11/6/2012; Class 705/38; 14 |rates based on the credit |instrument. |
|claims; assigned to JPMorgan Chase Bank N.A.|history data and credit risk | |
| |scores, and coming up with an |Frip: Smart consumer say, “No thankee.” |
| |offer for a credit instrument | |
| |to communicate to a consumer. | |
|Intelligent collections models; US 8,306,909|Raw credit data; tax form |Collections treatment type, which is |
|B2; 11/6/2012; Class 705/38; 21 claims; |data; process involves a |based on the collections score. |
|assigned to Accenture Global Services |collections model to determine| |
|Limited (Ireland). |a collections score, the model|Frip: The type of collections treatment |
| |including score bands, each |appropriate for you is a knee-capping |
| |score band being associated |baseball bat. |
| |with a range of credit scores.| |
| |
|November 13, 2012 |
| |
|Total 705 Class patents issued: 110 |
|Data In-Data Out patents: at the very least, 14 |
|PATENT |DATA IN |DATA OUT |
|Application risk framework; US 8,311,873 B2;|Product risk value for each of|Application risk score, which is the |
|11/13/2012; Class 705/7.28; 17 claims; |one or more products included |result of transforming the technical risk|
|assigned to Bank of America Corporation. |in an application; technical |score and the business criticality score |
| |risk score based on the |in accordance with a pre-determined |
| |product risk value of each of |algorithm. |
| |the one or more products, the | |
| |technical risk score being |Frip: Well, why not? |
| |comprised of a weighted | |
| |summation of a declining | |
| |software score, a | |
| |not-permitted software risk | |
| |score, a declining hardware | |
| |risk score, and a | |
| |not-permitted hardware risk | |
| |score; a business criticality | |
| |score based on an application | |
| |profile associated with the | |
| |application. | |
|Conversion engine and financial reporting |Journal entries conforming to |Journal entries conforming to the second |
|system using the conversion engine; US |a first reporting standard; |reporting standard. |
|8,311,908 B2; 11/13/2012; Class 705/30; 11 |rules database comprising one | |
|claims; assigned to Sumitomo Mitsui Banking |or more rules tables for |Frip: 800 more accountants, out of work. |
|Corporation and Oracle International |storing conversion rules for | |
|Corporation. |converting journal entries | |
| |from the first reporting | |
| |standard to a second reporting| |
| |standard. | |
|Methods and systems for case budgeting and |Case budget information |Report flagging any discrepancies between|
|expense reduction; US 8,311,909 B2; |consisting at least in part of|the current bill data and the case budget|
|11/13/2012; Class 705/32; 21 claims; |identification, billing rate, |information. |
|assigned to Citibank, N.A. |and hours for each person | |
| |projected to work on a legal |Frip: You trying to cheat us? Huh? |
| |project for the organization, | |
| |the information being received| |
| |from external counsel; current| |
| |bill data from external | |
| |counsel; processing involves | |
| |comparing the budget | |
| |information with the bill data| |
| |and flagging discrepancies. | |
|Method for determining premiums for |Production information for a |Insurance premium for each loan. |
|representation and warranty insurance for |group of loans for a | |
|mortgage loans; US 8,311,912 B2; 11/13/2012;|particular time period from a |Frip: Wow! Patent on an insurance |
|Class 705/35; 25 claims. |lender. |program. |
|Systems and methods for calculating |Selection of predetermined |Matrices associated with financial |
|specified matrices; US 8,311,918 B2; |granularity characteristics |institutions and financial affairs in |
|11/13/2012; Class 705/35; 26 claims; |and predetermined key figures;|banking practice. |
|assigned to SAP AG (Germany). |selection of predetermined | |
| |aggregation operations; |Frip: SAP thinks and speaks in a language|
| |process involves much |all its own. |
| |manipulation of data. | |
|System and method for displaying risk data |Data. |Grid display of risk related information |
|in an electronic trading environment; US | |such as P/L and net position, and order |
|8,311,919 B2; 11/13/2012; Class 705/35; 16 | |related information, the user being able |
|claims; assigned to Trading Technologies | |to easily distinguish and control the |
|International, Inc. | |displayed values. |
| | | |
| | |Frip: Game Boy! |
|System and method for analyzing analyst |Performance of a stock; |Score for the analyst’s recommendation. |
|recommendations on a single stock basis; US |performance of a selected | |
|8,311,923 B2; 11/13/2012; Class 705/36R; 23 |benchmark; recommendation of |Frip: But I was just guessing. Really. |
|claims; assigned to Thomson Reuters |the analyst for the stock; | |
|(Markets) LLC. |other factors. | |
|Online purchasing system supporting sellers |Financing parameter |Financing options from multiple financing|
|with affordability screening; US 8,311,925 |information; personal |entities. |
|B2; 11/13/2012; Class 705/36R; 63 claims. |information relating to a | |
| |user, the personal information|Frip: Comparison shopping patent. |
| |comprising credit related | |
| |information. | |
|Montage for automated market system; US |Market quotes. |Display of aggregated quotes for each of |
|8,311,926 B1; 11/13/2012; Class 705/37; 23 | |a plurality of price levels. |
|claims; assigned to The NASDAQ OMX Group, | | |
|Inc. | |Frip: Patent on a montage. |
|System and method for anonymously matching |Unique true behavior derived |Best-matched consumption object for a |
|products or services with a consumer; US |consumption profile; |consumer, and a probable satisfaction |
|8,311,927 B2; 11/13/2012; Class 705/37; 5 |repository of such true |weighting obtained through the true |
|claims; assigned to NDEX Systems Inc. |consumption profiles where |consumption profile. |
|(Canada). |each profile is anonymous; | |
| |repository of consumption |Frip: Computer say you will like this. |
| |objects such as vendors' |You want to argue with Computer? |
| |products and services. | |
|Hedge fund risk management; US 8,311,933 B2;|Data relevant to a Hedge Fund |Response to the inquiry. |
|11/13/2012; Class 705/37; 31 claims; |from multiple sources, the | |
|assigned to Goldman, Sachs & Co. |data being aggregated |Frip: Maybe one of Mr. Mitt’s hedge |
| |according to risk variables; |funds. |
| |an inquiry relating to the | |
| |Hedge Fund; process involves | |
| |iteratively performing the | |
| |inquiry on the aggregated data| |
| |and performing augmented | |
| |searches until an incremental | |
| |difference between successive | |
| |results of performing the | |
| |inquiry satisfies a criterion.| |
|System and method for activity based |Trader’s activity; process |Margin requirement. |
|margining; US 8,311,934 B2; 11/13/2012; |involves correlating the | |
|Class 705/37; 26 claims; assigned to Chicago|trader’s activity with an |Frip: You velly risking so margin velly |
|Mercantile Exchange Inc. |assessment of risk. |high. |
|Daylight overdraft tracking; US 8,311,935 |Data on a customer’s daily |Daylight negative balance fee that is |
|B2; 11/13/2012; Class 705/38; 21 claims; |aggregate account balances. |based on an actual number of minutes the |
|assigned to Bank of America Corporation. | |aggregate deposit accounts have a |
| | |negative balance. |
| | | |
| | |Frip: So don’t carry negative balances. |
| | |Duh. |
|Credit score and scorecard development; US |Identified balance transfers |Credit score for the consumer. |
|8,311,936 B2; 11/13/2012; Class 705/38; 20 |of an individual consumer; | |
|claims; assigned to American Express Travel |model of consumer spending |Frip: More of American Express’ share of |
|Related Services Company, Inc. |patterns; process involves a |wallet stuff. |
| |share of wallet estimation of | |
| |credit-related data of the | |
| |individual consumer. | |
| |
|November 20, 2012 |
| |
|Total 705 Class patents issued: 73 |
|Data In-Data Out patents: at the very least, 14 |
|PATENT |DATA IN |DATA OUT |
|Home resale value protection plan; US |Pricing model. |Home Resale Value Protection Plan under |
|8,315,889 B1; 11/20/2012; Class 705/4; 1 | |which a homeowner is entitled to a |
|claim; assigned to Pricelock Finance, LLC. | |payment for a compensatable loss that he |
| | |or she might experience when he or she |
| | |resells his or her residence. |
| | | |
| | |Frip: He, she, his, her. Whatever became |
| | |of male chauvinism? |
|System for searching and solving for |Database of product |Score which can be used to compare |
|insurance products; US 8,315,891 B2; |information for a plurality of|quickly and accurately the selected |
|11/20/2012; Class 705/4; 7 claims; assigned |insurance products; data |product against all other products in the|
|to Efficient Markets Corporation. |corresponding to a customer |database. |
| |and a proposed customer | |
| |policy; process involves |Frip: Can’t just look it up in a |
| |generating a proposed policy |catalogue? |
| |for each of the plurality of | |
| |insurance products. | |
|Real estate investment determinator; US |Predetermined criteria; user |Real estate investment data for a piece |
|8,315,922 B2; 11/20/2012; Class 705/27.1; 9 |input. |of property. |
|claims; assigned to Regular Riches LLC. | | |
| | |Frip: What the heck. Just buy anything. |
|Systems and methods for validating a model; |Deal structure from |Comparative reports. |
|US 8,315,928 B1; 11/20/2012; Class 705/35; |underwriter; payment scenario | |
|23 claims; assigned to Freddie Mac. |using payment rate of deal |Frip: Freddie, you’re still alive! |
| |structure; first set of data, | |
| |which is used to generate a | |
| |second set of data. | |
|News induced automated electronic securities|News information; |Automatic trading of securities if the |
|transactions; US 8,315,932 B2; 11/20/2012; |predetermined criteria; |news information contains a reference to |
|Class 705/35; 24 claims; assigned to New |process involves determining |the company and matches criteria |
|Technologies LLC. |if the news information |associated with the company. |
| |contains a reference to a | |
| |company and matches criteria |Frip: Automatic trading produces |
| |associated with the company. |automatic losses, eh? |
|Using commercial share of wallet to manage |Individual and aggregated |Models of consumer or business spending |
|vendors; US 8,315,933 B2; 11/20/2012; Class |customer data for a plurality |patterns and estimates of spending by |
|705/35; 20 claims; assigned to American |of different customers, the |individual consumers. |
|Express Travel Related Services Company, |data including, for example, | |
|Inc. |time series tradeline data, |Frip: American Express, fixated on Share |
| |business financial statement |of Wallet concepts. |
| |data, business or consumer | |
| |panel data, and internal | |
| |customer data. | |
|Real-time insurance estimate based on |Historical insurance |Estimated insurance quotes and premiums. |
|non-personal identifying information; US |information; rate model; | |
|8,315,934 B1; 11/20/2012; Class 705/35; 22 |insurance applicant’s inputs. |Frip: So, lie a little with your inputs. |
|claims; assigned to Allstate Insurance | | |
|Company. | | |
|Identifying and compensating for model |Possible investment |Optimal portfolio. |
|mis-specification in factor risk models; US |opportunities; factor risk | |
|8,315,936 B2; 11/20/2012; Class 705/36R; 5 |model; process involves |Frip: Some serious jargon involved here. |
|claims; assigned to Axioma, Inc. |identifying and incorporating | |
| |into the factor risk model a | |
| |correction whose magnitude | |
| |depends on the investment | |
| |portfolio and strategy, the | |
| |correction quantifying and | |
| |compensating for unspecified | |
| |factors in factor risk models,| |
| |which factors inherently | |
| |produce modeling error. | |
|Apparatus, article, and method for a hedged |Terms of a bond indenture |At least one of the payment amount to the|
|specified event bond; US 8,315,937 B2; |whereby proceeds from the bond|entity, the scheduled investor payment |
|11/20/2012; Class 705/36R; 28 claims; |are placed in a |amount, the value, and, if the occurrence|
|assigned to Concept Hedging, LLC. |bankruptcy-remote entity, an |is determined, the adjustment. |
| |investment is purchased, a | |
| |risk associated with the |Frip: Say again? |
| |investment is hedged, and a | |
| |scheduled investor payment is | |
| |adjusted if a specified event | |
| |occurs; market data; data | |
| |about the specified event. | |
|Option analysis for a trading system; US |Strategy to analyze for an |Display of the spectral map data for the |
|8,315,938 B1; 11/20/2012; Class 705/36R; 16 |underlying security; process |strategy. |
|claims; assigned to OptionMonster Holdings, |involves calculating spectral | |
|Inc. |map data for the strategy for |Frip: Ah ha, a spectral map data patent. |
| |the underlying security. |About time one of those came along. |
|System and method for computer implemented |Ruleset relating to |Relative collateral preference |
|collateral management; US 8,315,939 B2; |determining eligibility of |indication. |
|11/20/2012; Class 705/36R; 17 claims; |collateral to be considered | |
|assigned to The Bank of New York Mellon. |for a desired trade; accounts |Frip: Rulesets are good things to have. |
| |that could potentially accept | |
| |a security position based upon| |
| |established search criteria; | |
| |process involves determining a| |
| |collateral preference ranking | |
| |by at least applying the | |
| |ruleset via an algorithm so as| |
| |to confirm the eligibility of | |
| |security positions for use as | |
| |collateral. | |
|Method and apparatus for development and use|Consumer data and aggregate |Credit score for the individual consumer.|
|of a credit score based on spend capacity; |consumer data, including | |
|US 8,315,942 B2; 11/20/2012; Class 705/38; |tradeline data; estimating |Frip: Enough with the spend capacity, |
|20 claims; assigned to American Express |credit-related information of |share of wallet stuff. |
|Travel Related Services Company, Inc. |an individual consumer based | |
| |on tradeline data of the | |
| |individual consumer, a | |
| |previous balance transfer of | |
| |the individual consumer, a | |
| |paydown amount on an account | |
| |of the individual consumer, | |
| |and a model of consumer | |
| |spending patterns. | |
|System and method for generating a finance |Raw tradeline data from a |Finance attribute. |
|attribute from tradeline data; US 8,315,943 |plurality of credit bureaus; | |
|B2; 11/20/2012; Class 705/38; 12 claims; |industry code data related to |Frip: Just what everyone wants, a finance|
|assigned to Experian Information Solutions, |each of the credit bureaus; |attribute. |
|Inc. |process involves determining | |
| |one or more tradeline leveling| |
| |characteristics that meet at | |
| |least one pre-determined | |
| |threshold, and generating a | |
| |finance attribute using the | |
| |selected leveling | |
| |characteristics. | |
|Apparatuses, methods and systems for a |Information regarding a |Identification of the virtual currency |
|trackable virtual currencies platform; US |virtual currency transaction |transaction as potentially fraudulent. |
|8,315,944 B2; 11/20/2012; Class 705/39; 16 |from a user; process involves | |
|claims; assigned to Zynga Inc. |determining whether the |Frip: Online game fraud! Call the cops! |
| |transaction involves a user | |
| |that is being tracked, wherein| |
| |the user being tracked is | |
| |associated with an elevated | |
| |level of risk of fraud. | |
| |
|November 27, 2012 |
| |
|Total 705 Class patents issued: 126 |
|Data In-Data Out patents: at the very least, 14 |
|PATENT |DATA IN |DATA OUT |
|Method and system for organizing tax |Personal information of a |Checklist of tax return preparation |
|information and providing tax advice; US |user, provided through a user |information to be compiled by the user. |
|8,321,312 B2; 11/27/2012; Class 705/31; 20 |interface in response to | |
|claims; assigned to HRB Innovations, Inc. |solicitations for a set of |Frip: Why not a completed tax return? |
| |personal information | |
| |describing characteristics of | |
| |the user. | |
|Income analysis tools for wealth management;|Wealth related data and other |Interactive graphic displays of wealth |
|US 8,321,316 B1; 11/27/2012; Class 705/35; |financial information; process|related data and other financial |
|13 claims; assigned to The PNC Financial |involves various |information. |
|Services Group, Inc. |computer-implemented tools for| |
| |managing and processing |Frip: Invention is aimed at “wealth |
| |financial information. |management clients,” also known as |
| | |Republicans. |
|System and method for facilitating the |Variables specific to the |Retirement trust in real time based on a |
|funding and administration of a long term |requirements necessary for the|selection by the trust grantor of an |
|investement or retirement trust; US |real-time production of trust |trust investment option. |
|8,321,318 B2; 11/27/2012; Class 705/36R; 26 |documents necessary and | |
|claims; assigned to National Trust and |specific to the purpose of |Frip: British Virgin Islands. Is that |
|Fiduciary Services Company, Inc. (British |establishing a funded |anywhere near the Cayman Islands? |
|Virgin Islands). |pre-retirement trust for a | |
| |minor child; process includes | |
| |evaluating various options.. | |
|Rental property investment calculator; US |Rental property information; |Optimized analysis result. |
|8,321,319 B1; 11/27/2012; Class 705/36R; 12 |investment parameter from an | |
|claims; assigned to Intuit Inc. |investor of the investment in |Frip: Optimizing. You go, Girl. |
| |the rental property; process | |
| |involves analyzing the | |
| |investment in the rental | |
| |property based on the | |
| |investment parameter and | |
| |property information to | |
| |generate an analysis result, | |
| |adjusting the investment | |
| |parameter to optimize the | |
| |analysis result resulting in | |
| |an optimized analysis result, | |
| |and generating a report based | |
| |on the optimized analysis | |
| |result. | |
|Portfolio management analysis system and |Sets of portfolio data; |Graphic displays of the plurality of |
|method; US 8,321,320 B1; 11/27/2012; Class |process involves calculating a|change indicators for each of the |
|705/36R; 20 claims; assigned to FNA, LLC. |plurality of change indicators|plurality of sets of portfolio data |
| |for each set of portfolio |assigned to the user and an action button|
| |data, wherein the plurality of|for each of the plurality of change |
| |change indicators are an out |indicators, wherein the selecting of an |
| |of balance indicator for each |action button performs an automatic |
| |class and subclass of |rebalancing of the portion of the |
| |investment, a cash need |selected portfolio according to redefined|
| |indicator, a cash to invest |parameters set by the user and the |
| |indicator, and a tax loss |client. |
| |harvesting opportunity | |
| |indicator. |Frip: Investment by Hal the computer. |
|Method and system for creating a spot price |Values of first and second |Calculated index value |
|tracker index; US 8,321,322 B2; 11/27/2012; |derivatives at a time t; | |
|Class 705/36R; 20 claims; assigned to |process involves calculating |Frip: Nice simple patent. No going around|
|Chicago Board Options Exchange, |an index value by linear |Robin Hood’s barn to get to the |
|Incorporated. |extrapolation from the first |destination. |
| |and second futures contracts. | |
|Mapping an over the counter trade into a |Defined plurality of tenors, |Mapped and remapped contracts, the |
|clearing house; US 8,321,327 B1; 11/27/2012;|which is fewer in number than |invention finding particular application |
|Class 705/37; 21 claims; assigned to ICAP |the OTC maturity dates of OTC |as a method and system to convert OTC |
|North America, Inc. |positions; defined contract, |Foreign Exchange (FX) positions into |
| |which is clearable at a |futures contracts clearable at a futures |
| |clearing house, corresponding |clearing house. |
| |to each defined tenor; process| |
| |involves mapping each OTC |Frip: He ain’t heavy, he’s my brother. |
| |position, as it is executed, | |
| |into one or more of the | |
| |contracts, based on the | |
| |maturity date of the OTC | |
| |position, and between business| |
| |days, re-mapping each contract| |
| |to account for the move of | |
| |calendar day. | |
|Apparatus, article, and method for a |Terms of a bond indenture for |The determined amount of the contingent |
|specified event bond; US 8,321,329 B1; |a bond, the indenture |liability. |
|11/27/2012; Class 705/37; 52 claims; |including a contingent | |
|assigned to Concept Hedging, LLC. |liability obligation whereby |Frip: The Apocalypse come, you get a |
| |an issuer of the bond is |payment. |
| |obligated to pay to an | |
| |investor in the bond if a | |
| |specified event occurs; market| |
| |data; process involves | |
| |determining an amount of | |
| |contingent liability | |
| |corresponding to the | |
| |obligation. | |
|Method, apparatus and interface for trading |Market data; user selection of|Display of axially aligned price levels |
|multiple tradeable objects; US 8,321,331 B2;|trading instructions. |representing a combined value to buy or |
|11/27/2012; Class 705/37; 20 claims; | |sell a first tradable object and a second|
|assigned to Trading Technologies | |tradable object, display of an order |
|International, Inc. | |entry region comprising a plurality of |
| | |order entry locations, each order entry |
| | |location corresponding to at least one of|
| | |the axially aligned price levels, and |
| | |execution of trading order. |
| | | |
| | |Frip: Video investing? |
|System and method for selectively displaying|Market data; system includes a|Display of market information. |
|market information related to a plurality of|scanning feature that upon | |
|tradeable objects; US 8,321,332 B2; |detecting a predefined |Frip: Investing by cursor. |
|11/27/2012; Class 705/37; 20 claims; |movement of a user input | |
|assigned to Trading Technologies |device in relation to a | |
|International, Inc. |plurality of indicators, | |
| |dynamically displays market | |
| |information corresponding to | |
| |selected tradeable objects. | |
|System and method for determining the market|Data on financial instruments |Calculated margin risk. |
|risk margin requirements associated with a |in a portfolio; process | |
|credit default swap; US 8,321,333 B2; |involves determining a first |Frip: Your margin requirement went up |
|11/27/2012; Class 705/37; 20 claims; |and second time-series of |either $10 or $10,000, depending on which|
|assigned to Chicago Mercantile Exchange |returns for the financial |run through this math labyrinth was the |
|Inc. |instruments, calculating the |more “accurate.” |
| |correlation between the first | |
| |and second time-series of | |
| |returns, calculating residuals| |
| |and volatilities for the | |
| |financial instruments, | |
| |calculating a correlation | |
| |matrix and degrees-of-freedom | |
| |utilized to simulate | |
| |standardized residuals for | |
| |each of the financial | |
| |instruments within the | |
| |portfolio, generating | |
| |simulated returns as a | |
| |function of the simulated | |
| |standardized residuals and the| |
| |returns, and generating a | |
| |spread distribution for the | |
| |portfolio, wherein the | |
| |portfolio is repriced as a | |
| |function of the simulated | |
| |returns. | |
|Credit score simulation; US 8,321,334 B1; |Financial data about a |Communication of the hypothetical changes|
|11/27/2012; Class 705/38; 16 claims; |consumer and an initial |and the simulated financial risk score |
|assigned to Experian Information Solutions, |financial risk score of the |associated with the identified scenario. |
|Inc. |consumer; a financial | |
| |objective related to improving|Frip: Maybe if the consumer just paid his|
| |the financial risk score of |bills on time. |
| |the consumer; process involves| |
| |running scenarios in which | |
| |hypothetical changes are made | |
| |to the financial data, | |
| |generating a simulated | |
| |financial risk score for each | |
| |of the scenarios, comparing | |
| |the simulated financial risk | |
| |scores with the initial | |
| |financial risk score, and | |
| |identifying at least one | |
| |scenario that would achieve | |
| |the financial objective. | |
|Customized consumer loan search and |Consumer profile; available |Ranking of loan products according to |
|optimized loan pricing; US 8,321,335 B1; |loan products. |interest rate, monthly payment, or annual|
|11/27/2012; Class 705/38; 15 claims; | |percentage rate (APR). |
|assigned to LoanInsights, LLC. | | |
| | |Frip: Velly Solly, no loan products for |
| | |you. |
|System and method for resolving transactions|Communications from a user |Settlement condition wherein both user |
|with variable offer parameter selection |about settling a transaction; |and the party to the transaction resolve |
|capabilities; US 8,321,339 B2; 11/27/2012; |available financial |the transaction on jointly acceptable |
|Class 705/39; 22 claims; assigned to Apollo |information pertinent to the |terms. |
|Enterprise Solutions, Inc. |transaction from at least one | |
| |source external to the user; |Frip: Negotiations in the electronic age.|
| |rules established on behalf of| |
| |a party to the transaction; | |
| |process involves establishing | |
| |a set of curves based on the | |
| |rules and enabling the user to| |
| |select transaction settlement | |
| |conditions conforming to the | |
| |set of curves. | |
| |
|December 4, 2012 |
| |
|Total 705 Class patents issued: 133 |
|Data In-Data Out patents: at the very least, 19 |
|PATENT |DATA IN |DATA OUT |
|Systems and methods for insurance |Applicant information that can|Risk score for the insurance applicant. |
|underwriting; US 8,326,657 B2; 12/4/2012; |include one or more of | |
|Class 705/4; 25 claims; assigned to |prescription drug history, |Frip: Lotsa computerized judgment patents|
|Quantitative Data Solutions, LLC. |credit history, motor vehicle |about us individuals being granted. |
| |records, and geocentric | |
| |mortality risk; customized | |
| |risk modifiers; process | |
| |includes identification of a | |
| |disease category based on the | |
| |prescription drug history. | |
|Using commercial share of wallet to analyze |Individual and aggregate |Rating of a vendor based on at least the |
|vendors in online marketplaces; US 8,326,671|corporate data, including |commercial size of spending wallet of the|
|B2; 12/4/2012; Class 705/7.29; 14 claims; |financial statement data; |vendor. |
|assigned to American Express Travel Related |process includes modeling | |
|Services Company, Inc. |business spending patterns of |Frip: Enough with the size of wallet |
| |a vendor. |stuff, Amex. You’re driving us nuts. |
|Using commercial share of wallet in |Individual and aggregate |An indication of the commercial size of |
|financial databases; US 8,326,672 B2; |corporate data, including |spending wallet of the business. |
|12/4/2012; Class 705/7.29; 9 claims; |financial statement data; | |
|assigned to American Express Travel Related |process involves modeling |Frip: And I mean nuts. |
|Services Company, Inc. |spending patterns and stuff. | |
|Customer impact measuring system; US |On a daily basis, the number |Performance measurements of the company's|
|8,326,678 B1; 12/4/2012; Class 705/7.38; 47 |of failed interactions between|technology systems. |
|claims; assigned to Bank of America |a company's customers and its | |
|Corporation. |technology systems; process |Frip: Is BofA one of those banks wantin’ |
| |includes providing |higher fees? |
| |anon-transitory | |
| |computer-readable medium. | |
|Personalized interactive network |Information concerning a |Decision as to which information, |
|architecture; US 8,326,694 B2; 12/4/2012; |customer, the information |products, and services to present to the |
|Class 705/26.1; 26 claims; assigned to |obtained from interaction with|user |
|JPMorgan Chase Bank, N.A. |the customer over | |
| |communication channels; |Frip: JP’s got your number. |
| |information concerning a | |
| |plurality of information, | |
| |products, and services to | |
| |offer to the user. | |
|Rate exception management tool; US 8,326,717|Customer score, which is a |Determination of rate exceptions for a |
|B2; 12/4/2012; Class 705/35; 21 claims; |single factor assigned to the |banking product or products. |
|assigned to Wells Fargo Bank N.A. |customer based at least in | |
| |part on the customer's |Frip: Now computers are making |
| |relationship with a financial |exceptions. |
| |institution; branch data, | |
| |which is based at least in | |
| |part on market data relevant | |
| |to a particular branch of the | |
| |financial institution; | |
| |occurrence of an event. | |
|Estimating risk of a portfolio of financial |Information describing a |Estimate of risk of a portfolio of a |
|investments; US 8,326,722 B2; 12/4/2012; |portfolio of financial |plurality of financial investment |
|Class 705/36R; 40 claims; assigned to Warp |holdings; data on parameters |holdings to fluctuations in a portfolio |
|II Holdings, LLC. |that affect the value of the |value. |
| |portfolio; process includes | |
| |performing a stress testing |Frip: Got some serious math going on |
| |estimating a measurement of |here. |
| |risk of the portfolio | |
| |holdings, the test involving a| |
| |Taylor Series expansion, | |
| |performing a polynomial | |
| |interpolation estimating a | |
| |measurement of risk, and other| |
| |stuff. | |
|Risk and reward assessment mechanism; US |Account level historical data |Analyzed portfolio and predictions about |
|8,326,723 B2; 12/4/2012; Class 705/36R; 12 |for a plurality of customers |it. |
|claims; assigned to Bank of America |associated with accounts as | |
|Corporation. |part of a portfolio of an |Frip: Being a data analyzer must be fun. |
| |entity; process involves |Nobody’s gonna argue with what you say |
| |customer segmentation to |because no one understands what you say. |
| |create pools of homogeneous | |
| |assets in terms of revenue and| |
| |loss characteristics, forward | |
| |looking simulation to forecast| |
| |expected values and | |
| |volatilities of revenue and | |
| |loss, and risk and reward | |
| |optimization of the portfolio.| |
|Systems and methods to allocate relevancy of|Indications of trends in |Adjusted investment ratios for each |
|global asset peers; US 8,326,726 B2; |currency values and interest |portfolio of multiple portfolio peers. |
|12/4/2012; Class 705/36R; 19 claims. |rates; process involves a lot | |
| |of data analysis and |Frip: The Patent Office must be having a |
| |manipulation. |year-end clearance. |
|Generating dynamic date sets that represent |Market instrument; one or more|Display of the set of time periods |
|market conditions; US 8,326,727 B2; |parameters for one or more |overlaid on a graphical representation of|
|12/4/2012; Class 705/36R; 32 claims; |date set computers that are |the first time series in a graphical user|
|assigned to Palantir Technologies, Inc. |associated with the market |interface. |
| |instrument; a first time | |
| |series from a data repository,|Frip: You aren’t somebody unless you have|
| |where the first time series is|a patent on a graphic display. |
| |a sequence of data values | |
| |associated with the market | |
| |instrument; process involves | |
| |extracting a set of time | |
| |periods by applying the one or| |
| |more date set computers based | |
| |on the one or more parameters | |
| |and the first time series. | |
|Income product selector—purchase solver; US |Essential income needs of a |Adjustable portfolio to meet the user’s |
|8,326,728 B1; 12/4/2012; Class 705/36R; 21 |user; discretionary income |needs, at a certain confidence level. |
|claims; assigned to FMR LLC. |needs; available assets. | |
| | |Frip: We’re confident we can say you |
| | |don’t have enough money. |
|Analysis of proposed trades; US 8,326,732 |Proposed trades having |Confirmation and execution of trade if |
|B2; 12/4/2012; Class 705/37; 22 claims; |multiple trade parameters; |constraints are satisfied. |
|assigned to Trayport Limited (UK). |rules; process involves a | |
| |rules-based schema designed as|Frip: Rules-based schemas are the best |
| |a directed graph to model |kind of schemas. |
| |various electronic trading | |
| |markets and trading | |
| |constraints inherent therein. | |
|Method and system for calculating an |Calculated intraday current |Intraday value of the ETF, which is used,|
|intraday indicative value of leveraged |value of all the equity |by a party, for arbitrage purposes. |
|bullish and bearish exchange traded funds; |securities in an exchange | |
|US 8,326,740 B2; 12/4/2012; Class 705/37; 12|traded fund (applicable only |Frip: Wow, no wonder nobody understands |
|claims; assigned to ProFund Advisors LLC. |to bullish ETFs); calculated |Wall Street, not even Wall Streeters |
| |mark to market gains or losses|themselves. |
| |of at least one derivative | |
| |product; retrieved accumulated| |
| |loss or gain of the at least | |
| |one derivative product and | |
| |other cash equivalent amounts.| |
|Programmed trading system; US 8,326,742 B2; |User request for a trade |Executed order. |
|12/4/2012; Class 705/37; 19 claims. |order; process involves | |
| |querying a user profile |Frip: Getting the proper algorithm is |
| |database to determine the |crucial. |
| |proper algorithm to use to | |
| |execute the trade, formatting | |
| |a user dialog to be displayed | |
| |to the user regarding the | |
| |trade order according to | |
| |custom screen settings stored | |
| |in the user profile database; | |
| |and electronically sending the| |
| |trade to one or more | |
| |broker/dealers for execution | |
| |based on the determined trade | |
| |algorithm. | |
|Products and processes for order |Indication of an order; |Transmitted order. |
|distribution; US 8,326,745 B2; 12/4/2012; |information on how exchanges | |
|Class 705/37; 25 claims; assigned to BGC |fulfill orders; information on|Frip: Just throwin’ those orders out into|
|Partners, Inc. |rate of order fulfillment; |the ether. |
| |information on pending orders;| |
| |process involves determining a| |
| |distribution of trades related| |
| |to the order to submit to | |
| |exchanges. | |
|System and method for evaluating |Details on a financial |Share of risk of variability associated |
|idiosyncratic risk for cash flow |instrument concerning |with the cash flows being associated with|
|variability; US 8,326,746 B1; 12/4/2012; |multifamily housing; process |at least one of the lender, investor, and|
|Class 705/38; 20 claims; assigned to Fannie |involves a Monte Carlo |guarantor. |
|Mae. |simulation engine, a cash flow| |
| |engine configured to generate |Frip: You lost me at idiosyncratic. |
| |a set of default/prepayment | |
| |curves representative of | |
| |systemic risk associated with | |
| |the financial instrument, an | |
| |idiosyncratic risk module | |
| |configured to convert the set | |
| |of default/prepayment curves | |
| |into a number of occurrences, | |
| |and other stuff. | |
|Automated loan approval system; US 8,326,748|Database of loan programs, |Automated approval of one or more |
|B1; 12/4/2012; Class 705/38; 14 claims; |said loan programs being |selected possible loan requests. |
|assigned to IMX, Inc. |associated with one or more | |
| |possible lenders, each said |Frip: Some patents, ostensibly in |
| |loan program being associated |English, need an English translation. |
| |with a set of loan approval | |
| |rules; system enables brokers | |
| |to search a database of | |
| |possible loan programs made | |
| |available by lenders. | |
|Systems and methods of a mortgage pricing |Data on mortgages and |Information grid. |
|service; US 8,326,749 B1; 12/4/2012; Class |mortgage-backed securities; | |
|705/38; 11 claims; assigned to Freddie Mac. |process involves creating and |Frip: Even Freddie Mac is getting into |
| |using a common, generic, |graphic display patents. |
| |data/object model to represent| |
| |information grids or lookup | |
| |tables, such as a mortgage | |
| |asset pricing information | |
| |grid, a mortgage asset | |
| |re-pricing grid, or a credit | |
| |risk pricing grid. | |
|Object oriented financial analysis tool; US |Pricing parameters; system |Result of performing a financial |
|8,326,750 B1; 12/4/2012; Class 705/38; 20 |involves a number of abstract |calculation. |
|claims; assigned to The MathWorks, Inc. |classes associated with | |
| |performing financial |Frip: Getting’ kinda theoretical here, |
| |calculations, including an |almost to software per se. |
| |instruments class that defines| |
| |a number of financial | |
| |instruments in a hierarchical | |
| |manner and a models class that| |
| |defines a number of objects or| |
| |functions used to perform | |
| |financial calculations. | |
| |
|December 11, 2012 |
| |
|Total 705 Class patents issued: 133 |
|Data In-Data Out patents: at the very least, 17 |
|PATENT |DATA IN |DATA OUT |
|Systems and methods for real-time driving |Risk factor data related to a |Insurance policy price data in response |
|risk prediction and route recommendation; US|route between a first location|to verification of traversal of the |
|8,332,242 B1; 12/11/2012; Class 705/4; 17 |and a second location; process|route. |
|claims; assigned to USAA. |involves generating risk score| |
| |data for the route and |Frip: Dynamic insurance, to say the |
| |verifying that the route has |least. |
| |been traversed. | |
|Determining premiums for life insurance |Variety of variables; process |Premium for a life insurance policy. |
|policies; US 8,332,244 B1; 12/11/2012; Class|involves combining a | |
|705/4; 17 claims; assigned to USAA. |determination of a mortality |Frip: Life insurance was once so simple. |
| |risk with a determination of | |
| |the future lapse risk for the | |
| |individual to yield the | |
| |premium for a life insurance | |
| |policy. | |
|System and method for associating financial |A user's financial transaction|Data record. |
|transaction data with a user's project data;|data hosted in a data storage | |
|US 8,332,244 B1; 12/11/2012; Class 705/4; 17|unit, addressable on a |Frip: Bet you didn’t even know that |
|claims; assigned to JPMorgan Chase Bank, NA.|network, and accessible by a |something like this could be patented. |
| |remote user on a user | |
| |interface unit having a user | |
| |input means and a display; | |
| |user-defined project category | |
| |data; process involves | |
| |converting a graphical | |
| |arrangement of the inputs into| |
| |a data record. | |
|Real-time rewards redemption; US 8,332,290 |Information regarding a |Deducting the portion of the accumulated |
|B1; 12/11/2012; Class 705/33; 20 claims; |transaction associated with a |loyalty rewards from a rewards balance of|
|assigned to U.S. Bancorp Licensing, Inc. |financial account of a |the customer and crediting the financial |
| |customer; process includes |account of the customer with a value of |
| |providing a redemption alert |the portion of the accumulated loyalty |
| |to a mobile device of the |rewards. |
| |customer if it is determined | |
| |that the redemption alert is |Frip: A patent on the use of loyalty |
| |to be provided, receiving a |rewards. Interesting. |
| |response to the redemption | |
| |alert from the mobile device | |
| |of the customer, where the | |
| |response indicates whether at | |
| |least a portion of accumulated| |
| |loyalty rewards of the | |
| |customer are to be used to pay| |
| |for at least a portion of the | |
| |transaction. | |
|System and method for monitoring managing |Historical behavior of a |Value of a credit account based upon a |
|and valuing credit accounts; US 8,332,291 |credit account; process |probability that the credit account will |
|B2; 12/11/2012; Class 705/35; 21 claims; |involves establishing profit |migrate between profit driver segments. |
|assigned to Argus Information and Advisory |drive segments, characterizing| |
|Services, Inc. |the credit account, and |Frip: Don’t let your credit account |
| |determining probability of |migrate. |
| |migration. | |
|Method and system for mapping business |Transaction record of a |Map display of a business location. |
|transactions; US 8,332,295 B1; 12/11/2012; |business transaction, where | |
|Class 705/35; 20 claims; assigned to Intuit |the transaction record |Frip: Patent on a map. |
|Inc. |includes business information | |
| |associated with performing the| |
| |business transaction; process | |
| |involves analyzing the | |
| |transaction record to | |
| |determine available business | |
| |information, submitting | |
| |available business information| |
| |to a mapping service to obtain| |
| |a map of a business location, | |
| |and displaying the map. | |
|System for determining election |Information pertaining to a |Bond reauthorization amount. |
|reauthorization; US 8,332,296 B1; |previous bond authorization; | |
|12/11/2012; Class 705/35; 18 claims; |additional information |Frip: Write a program, get a patent. |
|assigned to Dale Scott & Company, Inc. |pertaining to an additional |Better not tell the Supremes it’s that |
| |amount of bonds to be issued; |simple. |
| |process involves calculating a| |
| |projected tax rate based on | |
| |projected property valuations | |
| |and determining a tax rate | |
| |cap. | |
|Computer-based system; US 8,332,300 B2; |Data in a database identifying|Tax return for each transaction for which|
|12/11/2012; Class 705/36; 16 claims; |a plurality of classes of risk|insurance premium taxes are due. |
|assigned to Fiscal Reps Limited (UK). |in each tax jurisdiction for | |
| |which insurance premium taxes |Frip: See previous comment. |
| |are payable, the tax rates for| |
| |each tax type applicable to | |
| |each class of risk in each | |
| |jurisdiction, the | |
| |tax-collection organizations | |
| |in each jurisdiction for each | |
| |class of risk, and financial | |
| |data supplied by clients; | |
| |financial data from individual| |
| |clients. | |
|Systems and methods for projecting future |Collection of historical |Best case future value, a worst case |
|values when performing retirement planning; |values for asset classes; |future value, and a median case future |
|US 8,332,297 B1; 12/11/2012; Class 705/36R; |process involves performing |value from each probabilistic |
|21 claims; assigned to USAA. |multiple scenarios and |distribution. |
| |deriving probabilistic | |
| |distributions relating to |Frip: Lot’a calculations going on here. |
| |projected future values for | |
| |classes of assets for future | |
| |time periods. | |
|System and method for exposure management; |Exposures; process involves |Exposure management solution. |
|US 8,332,298 B2; 12/11/2012; Class 705/36R; |one or more of the following: | |
|17 claims; assigned to SAP AG (Germany). |separating exposures into |Frip: You can always count on SAP AG to |
| |several risks, handling |be way over your head. Maybe it’s a |
| |exposure positions and the |translation thing. |
| |like, calculating key risk | |
| |figures (for example value at | |
| |risk), managing risk life | |
| |cycles, and transforming risk | |
| |factors, the latter possibly | |
| |involving transforming | |
| |different qualities of a | |
| |commodity, decomposing an | |
| |alloy into its original | |
| |metals, or decomposing a | |
| |mutual fund into its | |
| |individual stocks. | |
|Investment policy tool; US 8,332,299 B1; |Account data from an account |If the investment policy tool determines |
|12/11/2012; Class 705/36R; 18 claims; |database, including a |that the policy has been violated, the |
|assigned to Wells Fargo Bank, N.A. |portfolio and a policy, and a |investment policy tool may stop the |
| |transaction generated by a |transaction, stop the transaction and |
| |trader for the account from a |notify the account owner of the |
| |trading system; process |violation, hold the transaction and |
| |involves using the portfolio |request approval from the account owner, |
| |and the transaction to |or allow the transaction to proceed and |
| |generate a speculative |notify the account owner of the |
| |portfolio, and comparing the |violation. |
| |transaction and the | |
| |speculative portfolio with the|Frip: Or maybe just telling the account |
| |policy to determine if either |owner that he’s a doofus. |
| |the transaction or the | |
| |speculative portfolio violates| |
| |any elements of the policy. | |
|Clearing system that determines margin |Initial value for a |Adjusted margin requirement. |
|requirements for financial portfolios; US |performance bond amount; | |
|8,332,301 B2; 12/11/2012; Class 705/36R; 19 |process involves using values,|Frip: Why not just a seat-of-the-pants |
|claims; assigned to Chicago Mercantile |such as swap dollar values and|“your margin requirement went up by five |
|Exchange, Inc. |volatility values, and |grand”? |
| |adjustments and factors, such | |
| |as calendar charge adjustments| |
| |and liquidity charge minimums,| |
| |to enhance a margin | |
| |calculation, the values being | |
| |maintained and updated in | |
| |various ways, including but | |
| |not limited to, lookup tables,| |
| |matrices, and other | |
| |structures. | |
|Method and apparatus for monitoring and |Option order from a customer; |Quality data associated with the option |
|evaluating trade activity; US 8,332,303 B2; |process involves identifying |order. |
|12/11/2012; Class 705/37; 21 claims; |first and second national best| |
|assigned to Goldman, Sachs & Co. |bid and offer data and other |Frip: Quality data. The best kind of data|
| |stuff from a customer. |out. |
|Trading interface for facilitating trading |Market data; user-configured |Graphic display. |
|of multiple tradeable objects in an |quantity allocation rules; | |
|electronic trading environment; US 8,332,304|system has a graphic interface|Frip: TTI’s graphic displays are getting |
|B2; 12/11/2012; Class 705/37; 20 claims; |displaying a bid indicator, |more and more complex. |
|assigned to Trading Technologies |ask indicator, equalized bid | |
|International, Inc. |indicator, and equalized ask | |
| |indicator that are moveable | |
| |relative to a price axis | |
| |according to changes for a | |
| |first and second tradeable | |
| |objects. | |
|Automatic strategy grouping for a trading |Indication to automatically |Determination of (1) a set of possible |
|system; US 8,332,305 B1; 12/11/2012; Class |group a set of investment |strategies from the set of investment |
|705/37; 20 claims; assigned to OptionMonster|instruments; selection |instruments, (2) a set of groupings of |
|Holdings, Inc. |criteria. |strategies from the set of possible |
| | |strategies, and (3) one or more selected |
| | |groupings from the set of groupings of |
| | |strategies, all based at least in part on|
| | |a selection criteria. |
| | | |
| | |Frip: Cool. |
|Template based matching; US 8,332,306 B2; |Trade orders; trade templates |Matched orders. |
|12/11/2012; Class 705/37; 12 claims; |that define groups of orders | |
|assigned to Chicago Mercantile Exchange Inc.|for financial instruments that|Frip: If an exchange develops a new way |
| |may be combined such that all |of sneezing, it wants to patent it. |
| |of the orders are matched. | |
|System and method for determining implied |Market data; process may |Implied market information. |
|market information; US 8,332,309 B2; |involve characterizing a | |
|12/11/2012; Class 705/37; 19 claims; |market by exhaustively |Frip: Heavy. |
|assigned to Trading Technologies |computing one or more | |
|International, Inc. |combinations of other related | |
| |markets such that the markets | |
| |of each combination when | |
| |summed would result in the | |
| |market under consideration, | |
| |the number of market | |
| |combinations found being an | |
| |exhaustive list of market | |
| |combinations such that the | |
| |market under consideration can| |
| |be completely characterized, | |
| |if so programmed. | |
| |
|December 18, 2012 |
| |
|Total 705 Class patents issued: 58 |
|Data In-Data Out patents: at the very least, 11 |
|PATENT |DATA IN |DATA OUT |
|Method of financing unfunded liabilities; US|Population data set; process |Final rate table having a per member life|
|8,335,699 B2; 12/18/2012; Class 705/4; 10 |involves generating a |insurance premium rate for each mortality|
|claims; assigned to Retirement Benefit |plurality of mortality data |data set. |
|Solutions, LLC. |sets, generating a financial | |
| |target data set, transmitting |Frip: In everyone’s future there is a |
| |the financial target data set |mortality data set. |
| |to a plurality of life | |
| |insurance vendors, receiving | |
| |from each of at least two life| |
| |insurance vendors a rate | |
| |table, generating a | |
| |proportional rating for each | |
| |insurance vendor, and | |
| |generating a final rate table | |
| |having a per member life | |
| |insurance premium rate for | |
| |each mortality data set. | |
|Licensed professional scoring system and |Data concerning a selected |A score for the selected licensed |
|method; US 8,335,700 B2; 12/18/2012; Class |licensed professional from at |professional indicative of at least one |
|705/4; 34 claims; assigned to Deloitte |least one source; historical |of profitability and productivity. |
|Development LLC. |data concerning a plurality of| |
| |licensed professionals; |Frip: Your score shows you are neither |
| |external data including |profitable nor productive. |
| |variables predictive of at | |
| |least one of profitability and| |
| |productivity of said licensed | |
| |professionals; process | |
| |involves normalizing the | |
| |historical data using | |
| |actuarial transformations to | |
| |generate working data, | |
| |calculating a profitability | |
| |ratio associated with each of | |
| |said plurality of licensed | |
| |professionals, developing a | |
| |statistical model, and other | |
| |stuff. | |
|System and method for determining |Placement information for |Opportunity information and historical |
|opportunities and peer information for |insurance policies; policy |information. |
|insurance policies; US 8,335,701 B1; |criteria selection information| |
|12/18/2012; Class 705/4; 18 claims; assigned|from a user; process involves |Frip: Insurance people are in a world of |
|to Marsh USA Inc. |determining opportunity |their own. |
| |information and historical | |
| |information, both based on the| |
| |policy criteria selection | |
| |information. | |
|Method and system for providing real-time |One or more financial or |Display of something having to do with |
|financial goal monitoring and analysis; US |budgetary goals of a party; |the party’s relationship with the |
|8,335,728 B1; 12/18/2012; Class 705/27.1; 16|process involves creating a |merchant. |
|claims; assigned to Intuit Inc. |merchant/category database | |
| |that associates one or more |Frip: Gave up on understanding this one, |
| |merchants with one or more |as maybe the Examiner did too. |
| |potential financial | |
| |categories, and a whole bunch | |
| |of other stuff. | |
|Scorecard reporting system; US 8,335,730 B2;|Performance data for a |Scorecard display comprising a different |
|12/18/2012; Class 705/31; 21 claims; |particular business function; |scorecard window for each of multiple |
|assigned to Accenture Global Services |process provides a data |different perspectives. |
|Limited (Ireland). |processing system that | |
| |facilitates monitoring and |Frip: End of year clearing of the |
| |analysis of tax aspects of an |difficult ones? |
| |organizational structure, the | |
| |processing system utilizes a | |
| |Tax Scorecard that presents an| |
| |analysis of the particular | |
| |aspects monitored. | |
|Method of establishing a profitability model|Data defining a scenario of a |Profitability model. |
|related to the establishment of a wind power|wind power plant, the data | |
|plant; US 8,335,731 B1; 12/18/2012; Class |including solution parameters |Frip: The answer, my friends, is blowing |
|705/35; 21 claims; assigned to Vestas Wind |and financing parameters; |in the wind, the answer is blowing in the|
|Systems A/S (Denmark). |process involves calculating a|wind. |
| |profitability of the wind | |
| |power plant based on the | |
| |solution parameters and | |
| |financing parameters. | |
|Security pricing method and system; US |Data including historical data|Security prices and price indicators. |
|8,335,732 B2; 12/18/2012; Class 705/35; 21 |and optional projected data | |
|claims. |related to one or more |Frip: Partial differential of the price |
| |securities; process involves |equation. Cool. |
| |using a partial differential | |
| |form of the price equation and| |
| |a conservation of capital | |
| |principal. | |
|Computer implemented risk managed indices; |Eligible future contracts |Composite Index. |
|US 8,335,735 B1; 12/18/2012; Class 705/36R; |based on a minimum average | |
|13 claims; assigned to Alphasimplex Group, |daily dollar trading volume |Frip: Calculating, stabilizing, |
|LLC. |and regulatory restrictions; |rescaling, and combining. This patent |
| |process involves calculating |does it all. |
| |the volatility target level | |
| |for each asset class, | |
| |stabilizing the volatility of | |
| |each asset class at the target| |
| |level by modulating the market| |
| |exposure of each asset class, | |
| |rescaling the risk allocation | |
| |among asset classes, and | |
| |combining the rescaled asset | |
| |classes into a composite | |
| |index. | |
|Computer system and method for determining |Data that may relate to a |Recommended asset allocation. |
|optimal asset allocation; US 8,335,736 B2; |target payout, a target date, | |
|12/18/2012; Class 705/36R; 20 claims; |and a nominal rate of |Frip: Well, simulate my patent. |
|assigned to Hartford Fire Insurance Company.|contributions to an investment| |
| |portfolio; process involves | |
| |calculating a plurality of | |
| |simulated investment outcomes | |
| |based on assumed investment | |
| |return rates and assumed | |
| |inflation rates that are | |
| |randomly selected in | |
| |multi-year clusters from | |
| |historical data. | |
|Price improvement in electronic trading |Submitted quotes from maker |Price improvement as an amount of the |
|system; US 8,335,737 B2; 12/18/2012; Class |trading stations, the |maximum price improvement required to |
|705/37; 17 claims; assigned to EBS Group |submitted quotes including a |improve a position of a maker quote in |
|Limited (UK). |quote price and a maximum |the credit-screened queue with respect to|
| |price improvement; process |other maker quotes at the same price. |
| |involves a lot of jargony | |
| |stuff including forming “a |Frip: Huh? |
| |credit-screened queue of | |
| |dealable quotes to be dealt | |
| |prioritized in order of quote | |
| |price, maximum price | |
| |improvement and quote | |
| |submission time.” | |
|System and method for interactively |Consumer's real credit data; |Simulated credit score. |
|simulating a credit-worthiness score; US |user submitted hypothetical | |
|8,335,741 B2; 12/18/2012; Class 705/38; 20 |values of various parameters. |Frip: But what if the user submitted |
|claims; assigned to Experian Information | |hypothetical values are outright lies? |
|Solutions, Inc. | | |
| |
|December 25, 2012 |
| |
|Total 705 Class patents issued: 117 |
|Data In-Data Out patents: at the very least, 21 |
|PATENT |DATA IN |DATA OUT |
|Data visualisation system and method; US |A finite set of data values. |Display of (1) a representation of each |
|8,340,980 B2; 12/25/2012; Class 705/1.1; 32 | |data value centered on respective data |
|claims; assigned to Bally Technologies, Inc.| |points and (2) a representation having a |
| | |cross-sectional shape of a bell-shaped |
| | |curve in which each data point is |
| | |displayed as an apex of the bell-shaped |
| | |curve. |
| | | |
| | |Frip: Wondering how each data point |
| | |achieves the apex position on a |
| | |bell-shaped curve. |
|Methods and systems for providing deferred |Annuity information for an |Offer of the annuity to the potential |
|annuities with an income reset feature; US |annuitant; process involves |annuitant. |
|8,340,986 B2; 12/25/2012; Class 705/4; 16 |determining at a first date | |
|claims; assigned to New York Life Insurance |one of a purchase price and an|Frip: Patent on an intangible product. |
|Company. |amount of at least one income | |
| |payment due to the annuitant | |
| |at the start date, the annuity| |
| |including a reset feature that| |
| |resets the annuity at a reset | |
| |date later than the first date| |
| |if at least one variable of | |
| |the annuity at the reset date | |
| |is more beneficial to the | |
| |annuitant than at the first | |
| |date. | |
|Enterprise opportunity assessment; US |Opportunity data for markets; |Attainable opportunity measurement for a |
|8,340,998 B2; 12/25/2012; Class 705/7.11; 20|capture data for markets; |first market based on the actual capture |
|claims; assigned to Bank of America |process involves determining |measurement and the opportunity |
|Corporation. |comparable markets for each |measurement for each of the one or more |
| |market and calculating |comparable markets. |
| |attainable opportunity for | |
| |each market. |Frip: The result for you the consumer? |
| | |More soliciting snail mails, emails, and |
| | |phone calls. |
|Dynamic prepayment risk management; US |Sales data, corresponding |Dynamically adjusted security amounts. |
|8,341,043 B2; 12/25/2012; Class 705/30; 13 |payment data, and data | |
|claims; assigned to Westpac Bank Corporation|indicating the fulfillment of |Frip: This banking business stuff is sure|
|(Australia). |orders; process involves |confusing. |
| |predetermined risk weightings,| |
| |a predetermined instruction | |
| |set, and the automatic | |
| |application of predetermined | |
| |business rules to either | |
| |retain or release security | |
| |funds. | |
|Payment entity device reconciliation for |Payment request data, which, |Consolidated payment data and reports |
|multiple payment methods; US 8,341,046 B2; |for a client, includes a |based thereon. |
|12/25/2012; Class 705/35; 24 claims; |payables profile and an | |
|assigned to Visa U.S.A. Inc. |accounts payable data file; |Frip: Bunch of data in, bunch of data |
| |payment remittance information|out. |
| |subsequent to initiation of a | |
| |payment in accordance with the| |
| |payment request data. | |
|System and method for bank account |Information related to a |Converted fund and recordation thereof. |
|management and currency investment; US |diversification of an initial | |
|8,341,054 B2; 12/25/2012; Class 705/35; 31 |fund of a user; process |Frip: Playing the currency game. |
|claims; assigned to CDT Global Soft, Inc. |involves calculating a | |
| |distribution of the initial | |
| |fund comprising one or more | |
| |selected currencies based upon| |
| |the diversification | |
| |information, and converting | |
| |the initial fund from an | |
| |initial currency into a | |
| |converted fund comprising one | |
| |or more selected currencies | |
| |based upon the calculated | |
| |distribution. | |
|Distribution of market data; US 8,341,056 |Market data for financial |Dissemination of the market data |
|B2; 12/25/2012; Class 705/35; 20 claims; |instruments; process involves |messages. |
|assigned to Chicago Mercantile Exchange Inc.|creating a plurality of | |
| |templates that each define a |Frip: Wow, getting into the weeds of |
| |variable length message |communicating stuff. |
| |structure, and building a | |
| |plurality of market data | |
| |messages that each include | |
| |variable length fields | |
| |separated by delimiters and a | |
| |mechanism to match each market| |
| |data message with a | |
| |corresponding template. | |
|System and method of analyzing and |Financial profile associated |Implemented and monitored financial plan.|
|monitoring a customer's financial condition;|with a customer; process | |
|US 8,341,057 B1; 12/25/2012; Class 705/36R; |involves determining a peer |Frip: Patent for a plan. |
|20 claims; assigned to Capital One Financial|group of financial profiles | |
|Corporation. |for the customer, comparing | |
| |the customer’s financial | |
| |profile to the peer group of | |
| |financial profiles, developing| |
| |one or more financial plans | |
| |based on the financial profile| |
| |and comparison information, | |
| |implementing a financial plan,| |
| |and monitoring the financial | |
| |plan. | |
|System and method for managing a portfolio |Portfolio information |Modified price premium value. |
|of different cuts of meat; US 8,341,058 B2; |including a first quantity of | |
|12/25/2012; Class 705/36R; 19 claims; |a first meat cut type (MCT) |Frip: Hey Mr. Mitt. Is a portfolio of |
|assigned to Future Beef Partners Inc. |and a second quantity of a |meat cut types anything like a binder of |
|(Canada). |second MCT; process involves |women? |
| |determining first comparison | |
| |data of the first MCT and of | |
| |the second MCT for a selected | |
| |historical time period, | |
| |determining a correlation | |
| |value between the first MCT | |
| |and the second MCT, analyzing | |
| |the correlation value, | |
| |adjusting a parameter of a | |
| |price model used in | |
| |determining the first | |
| |predicted future price, and | |
| |sending the modified value of | |
| |the first price premium for | |
| |presentation to a member of | |
| |the portfolio. | |
|Core/satellite financial portfolio design |Data on possible and actual |Comparative assessments of investment |
|methodology, system and computer readable |investment choices; process |choices. |
|medium; US 8,341,060 B2; 12/25/2012; Class |involves comparisons, filters,| |
|705/36R; 10 claims; assigned to Consulting |performance factors, and other|Frip: Ye old risk-return patent. |
|Services Support Corporation. |stuff. | |
|System and method for managing investment |Investment data; process |Plan for a portfolio. |
|funds; US 8,341,061 B2; 12/25/2012; Class |involves establishing dividend| |
|705/36R; 8 claims; assigned to John Woods & |goals for portfolios managed |Frip: Getting kinda fuzzy. |
|Associates Limited (UK). |on a dividend reinvestment | |
| |basis, and other stuff. | |
|System and method of margining fixed payoff |Data on a portfolio, each |Minimized margin requirement. |
|products; US 8,341,062 B2; 12/25/2012; Class|product of the portfolio | |
|705/36R; 19 claims; assigned to Chicago |having one or more |Frip: No wonder investing is not for the |
|Mercantile Exchange Inc. |discontinuous payoffs |faint of heart. |
| |associated therewith, each of | |
| |the payoffs being based on an | |
| |outcome of an associated | |
| |event; process involves | |
| |comparing product values for | |
| |each product in the portfolio,| |
| |generating risk arrays, | |
| |adjusting values, determining | |
| |aggregate risk value, and | |
| |computing margin requirement. | |
|Asset allocation risk and reward assessment |Data for potential mixed |Simulated cumulative risks and rewards of|
|tool; US 8,341,063 B1; 12/25/2012; Class |portfolios; process involves |a plurality of mixed portfolios in |
|705/36R; 15 claims; assigned to |simulations and graphic |relation to the expected risk and reward |
|Prospercuity, LLC. |displays, and is for |of a minimum-risk or relatively risk-free|
| |“sophisticated individuals” |baseline portfolio. |
| |and professionals such as | |
| |accountants and financial |Frip: The Examiner celebrated completing |
| |advisors. |this one with a quart of eggnog. |
|Standardization and management of |Transaction parameters |Cleared net position. |
|over-the-counter financial instruments; US |associated with an | |
|8,341,064 B2; 12/25/2012; Class 705/37; 10 |over-the-counter financial |Frip: The Chicago Merc is protecting its |
|claims; assigned to Chicago Mercantile |product; process involves |back (maybe from the patent trolls). |
|Exchange, Inc. |determining a standardized | |
| |financial product that | |
| |reflects the transaction | |
| |parameters associated with the| |
| |over-the-counter financial | |
| |product, calculating a net | |
| |position based on the | |
| |difference between the | |
| |standardized financial product| |
| |and the over-the-counter | |
| |financial product, and | |
| |clearing the net position | |
| |through a clearing party. | |
|System and method for determining optimal |Portfolio of Individually |Determination of whether to buy, sell, or|
|investment strategy; US 8,341,066 B2; |Traded Units (ITU), such as |hold a specific Individually Traded Unit |
|12/25/2012; Class 705/37; 14 claims. |publicly traded stocks; |(ITU). |
| |process uses an artificially | |
| |intelligent expert system to |Frip: Specification specifically says |
| |analyze each separate stock |“The Present Invention is a computer |
| |within a given portfolio to |program. . . .” Why is that not patent |
| |determine if the currently |ineligible as software per se? |
| |reported trading price of the | |
| |stock should be used to buy, | |
| |hold, or sell shares. | |
|Method and system for creating and trading |Data on a portfolio invested |Collateralized option index. |
|derivative investment instruments based on |in a collateralized short | |
|an index of collateralized options; US |strategy; process uses the |Frip: Libor? Haven’t regulators recently |
|8,341,069 B2; 12/25/2012; Class 705/37; 10 |relation: |found Libor to be hoax, or at least a |
|claims; assigned to Chicago Board Options |V.sub.t=M.sub.t-N.sub.lastP.su|product of hanky panky? |
|Exchange, Incorporated. |b.t where M.sub.t is a value | |
| |of a LIBOR component of the | |
| |portfolio at the close of date| |
| |t, N.sub.last is a number of | |
| |put options sold at a last | |
| |roll date, and P.sub.t is a | |
| |price of the underlying option| |
| |portfolio based on arithmetic | |
| |averages of the last bid and | |
| |ask prices of all options in | |
| |the underlying option | |
| |portfolio reported before a | |
| |time on date t. | |
|Exchange trading of mutual funds or other |Information associated with an|Factor information and information |
|portfolio basket products; US 8,341,070 B2; |actively managed fund; process|associated with the hedging basket of |
|12/25/2012; Class 705/37; 18 claims; |involves extracting factor |securities. |
|assigned to NYSE MKT LLC. |information from the | |
| |information, applying a factor|Frip: Hedging. Can you ever really hedge |
| |analysis to the extracted |an investment, or is it just dumb luck? |
| |factor information, selecting | |
| |a hedging basket of | |
| |securities, and transmitting | |
| |at least one of the extracted | |
| |factor information and | |
| |information associated with | |
| |the hedging basket of | |
| |securities to a trader, the | |
| |transmitted information being | |
| |used by a trader for creating | |
| |a hedging portfolio that | |
| |manages investment risk in the| |
| |actively managed fund, wherein| |
| |the fund assets are not | |
| |disclosed to the trader. | |
|System and method for providing latency |An order associated with a |If the latency value satisfies a |
|protection for trading orders; US 8,341,070 |first price; process involves |configurable condition, the processor |
|B2; 12/25/2012; Class 705/37; 18 claims; |identifying a latency value, |initiates a configurable period of time, |
|assigned to BGC Partners, Inc. |receiving a counterorder, and |and if the potential trade is not valid |
| |identifying a potential trade |upon expiration of the configurable |
| |associated with the order and |period, the processor prevents the |
| |the counterorder, the |execution of the potential trade. |
| |potential trade based at least| |
| |in part on the first price. |Frip: Latency. Sounds like an ED problem.|
|Customized consumer loan product search |Loan criteria from a consumer;|Optimized loan products or pricing for a |
|system and method; US 8,341,073 B1; |centralized and searchable |consumer. |
|12/25/2012; Class 705/38; 27 claims; |lender database or databases | |
|assigned to LoanInsights, LLC. |comprised of a plurality of |Frip: Yippee! I found me a loan. Now I |
| |lending institutions' |can buy that cool. . . . What was it I |
| |underwriting guidelines and |wanted to buy? |
| |interest rate pricing for loan| |
| |products. | |
|Prediction of future funds positions; US |Transaction history of a |Funds estimate for the selected party at |
|8,341,077 B1; 12/25/2012; Class 705/39; 27 |selected party; expected |a specified future time. |
|claims; assigned to Bank of America |future change in funds that | |
|Corporation. |could be a deposit or |Frip: Is a prediction of future funds |
| |withdrawal. |really patent material? Well, the PTO |
| | |says it is. |
|Intelligent identification of on-line bank |Segmented or tokenized data of|Score that is used to determine whether |
|accounts utilized for business purposes; US |a customer account hosted by a|the customer uses the account identified |
|8,341,081 B1; 12/25/2012; Class 705/39; 28 |financial institution; set of |by the account name for business |
|claims; assigned to Intuit Inc. |rules that is applied to each |purposes. |
| |individual segment to tag or | |
| |assign a score to each |Frip: The computer knows all about you. |
| |individual segment, and a | |
| |second or global set of rules | |
| |that is applied to multiple | |
| |name segments or groups of | |
| |segments. | |
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