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 Building a Risk Evaluation Product; US 8,090,600 B2; January 3, 2012; Class 705/4; 12 claims; assigned to Insight Catastrophe Solutions. / Risk rater base criteria, comprising at least a unique risk rater identifier; risk characteristic input fields; a 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. / Risk evaluation product.
Frip: If you don’t build the right risk evaluator, you’re the problem.
System and Method for Determining a Premium for Insurance for a Security; US 8,090,601 B2; January 3, 2012; Class 705/4; 17 claims; assigned to SBH, Inc. / Information related to a security to be insured; process involves determining an insurance risk premium based upon a security to be insured, determining an expense and profit load, and combining them to produce a total gross premium. / Total gross premium.
Frip: How about insurance on the insurance?
Mortgage Payment Insurance Method and System; US 8,090,635 B1; January 3, 2012; Class 705/35; 23 claims. / Information from a first computer related to a mortgage loan application from a borrower, the information related to a mortgage payment insurance policy providing that if a borrower defaults in its payment obligation under the mortgage, the insurer will make one or more insurance payments to borrower's payee. / Mortgage loan having an interest rate paid by the borrower, the interest rate based on the existence of the mortgage payment insurance policy and subject to any terms or conditions thereof.
Frip: Well, why not? Or whatever.
Valuing Model Option Contracts; US 8,090,636 B2; January 3, 2012; Class 705/35; 6 claims. / Price of the underlying stock; whole bunch of other variables; (a Model Option contract is a new type of 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. / Theoretically correct value for a Model Option contract.
Frip: At last! The Holy Grail!
Method and System for Creating and Marketing Employee Stock Option Mirror Image Warrants; US 8,090,639 B2; January 3, 2012; Class 705/36R; 21 claims; assigned to JPMorgan Chase Bank, N.W. / Options issued to company employees on company stock, the options including an exercise term, a strike price, 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. / Value of employee stock options.
Frip: Piece of cake.
Option Computation for Tangible Depreciating Items; US 8,090,642 B1; January 3, 2012; Class 705/37; 18 claims; assigned to TechForward, Inc. / Historical sales data of sold tangible depreciating items from marketplaces; Information on a tangible depreciating item; process involves computing present resale value of the tangible depreciating item. / Predicted resale value of the tangible depreciating item, which leads to a put option value.
Frip: Black-Scholes, move over.
Modeling Financial Instruments Using Bid and Ask Prices; US 8,090,644 B2; January 3, 2012; Class 705/37; 11 claims; assigned to Penson Worldwide, Inc. / At least one series of historical bid prices of a financial instrument or historical ask prices of the financial instrument; financial model type that has at least one variable parameter; process involves initializing the variable parameter of the selected model type and estimating the variable parameter. / Model of an investment significant parameter of a financial instrument.
Frip: Hey, initialize your own variable parameter. My parameter is not variable, if you please.
Fraud Detection Based on Efficient Frequent-Behavior Sorted Lists; US 8,090,648 B2; January 3, 2012; Class 705/38; 20 claims; assigned to Fair Isaac Corporation. / Frequency information on entities in transaction data for at least one individual account; process involves converting frequency information to a frequency variable. / Predicting whether an activity is fraudulent in response to the frequency variable.
Frip: Caught by statistics. Is that fair, Fair Isaac?
Computerized Extension of Credit to Existing Demand Deposit Accounts, Prepaid Cards and Lines of Credit Based on Expected Tax Refund Proceeds, Associated Systems and Computer Program Products; US 8,090,649 B2; January 3, 2012; Class 705/38; 20 claims; assigned to Metabank. / Estimate of the tax refund available from a tax return of a customer. / New credit or additional credit to demand deposit accounts, prepaid cards, and existing lines of credit of the customer, based on expected tax refund amounts.
Frip: What about if there is no refund but there is additional tax owed?
Techniques for Transaction Adjustment; US 8,090,654 B2; January 3, 2012; Class 705/40; 5 claims; assigned to Mastercard International Incorporated. / Detection of irregularity with a transaction involving a “smart” credit card or a debit card. / Adjustment of offline balance in response to the detection.
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 Guaranty Liability by Utilizing a Risk Apportionment System; US 8,095,396 B1; January 10, 2012; Class 705/4; 4 claims; assigned to Asterisk Financial Group, Inc. / Data on a guarantor seeking guaranty insurance, the guarantor having received a loan from a lender for an 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. / Guaranty insurance policy.
Frip: So many risks, so many kinds of insurance.
Method and System for Administering Money Laundering Prevention Program; US 8,095,441 B2; January 10, 2012; Class 705/35; 21 claims; assigned to Barclays Capital, Inc. / Identified risk factors; the risk factors including jurisdiction-based risk factors, entity type-based risk factors, and business type-based risk factors; information in connection with an account. / Determination of whether the information in connection with an account implicates any of the risk factors, and if so, identification of appropriate actions.
Frip: Risk identification patents, the hot thing.
Systems and Methods for Calculating Specified Matrices; US 8,095,442 B2; January 10, 2012; Class 705/35; 17 claims; assigned to SAP AG (Germany). / Mass data from one or more databases of one or more different data sources 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. / Base matrix and specified matrices.
Frip: All the world’s a matrix.
Debt Trading Systems and Methods; US 8,095,443 B2; January 10, 2012; Class 705/35; 18 claims; assigned to ConsumerInfo.com, Inc. / Credit reports and other financial information about a subject. / Debt trending information that indicates in the form of lists, tables, graphs, charts, and what all, information regarding multiple debt accounts associated with the user.
Frip: See your chart? It’s all downhill.
Determination of Gold Price and Bond Yield According to the Required Yield Method; US 8,095,444 B2; January 10, 2012; Class 705/35; 60 claims. / Economic data relating to the economy, the data including a gross domestic product (GDP) per capita growth rate and maybe an expected inflation rate; at least one asset 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. / Asset analysis according to the Required Yield Method (RYM).
Frip: Ah, the old Required Yield Method. Wondered when that baby was gonna be patented.
Reducing Accounting Volatility; US 8,095,448 B2; January 10, 2012; Class 705/36; 25 claims. / Terms governing determination of a contract rate of return, a contract value for an investment associated with an investment portfolio, or both; market data including data corresponding to at least one measure of the variation in the rate of return corresponding to the return on the investment portfolio. / Determined contract rate of return, determined contract value, or both.
Frip: Ah, the dense language of the investing field. What are they talking about?
Systems and Methods for Controlling Portfolios; US 8,095,446 B2; January 10, 2012; Class 705/36R; 15 claims. / Data on investments in a portfolio; constantly updated fund data to compare a current fund with possible new funds; predetermined criteria for sweeping investments from one fund to another. / Automatic transfers from one fund to another according to user predetermined criteria.
Frip: Save me from myself!
Methods and Apparatus for Self-Adaptive, Learning Data Analysis; US 8,095,447 B2; January 10, 2012; Class 705/36R; 22 claims; assigned to Adaptive Technologies, Inc. / Bunch of data; process involves a predictive modeling system with multiple artificial agents responsive to an input data set corresponding to a past behavior of a financial instrument over time, and so much more. / Artificial agents that are activated, retired, or both according to predictability value and a predetermined threshold value.
Frip: Huh?
Live Alerts; US 8,095,452 B2; January 10, 2012; Class 705/37; 14 claims; assigned to Chicago Mercantile Exchange Inc. / Real time trading messages; predetermined rules. / A real time report when rules or limits are violated.
Frip: The Chicago Merc, staying on top of things.
Coordination of Algorithms in algorithmic Trading Engine; US 8,095,455 B2; January 10, 2012; Class 705/37; 28 claims; assigned to Pipeline Financial Group, Inc. / Electronic data describing a trading order; multiple available stored algorithms for execution of the trading order; process involves evaluating the quality of order execution, and selecting other algorithms if the initial one is not satisfactory. / Selection of another algorithm if the first is unsatisfactory.
Frip: Sort of like a spouse. If the first is unsatisfactory, select another.
System and Method for Matching Loan Consumers and Lenders; US 8,095,458 B2; January 10, 2012; Class 705/38; 34 claims; assigned to Horizon Digital Finance, LLC. / Loan consumer application information; credit report; lender database; process involves matching the customer information and credit report to ranked lenders, and querying lenders. / Presentation of responding lenders for review by the customer.
Frip: And the winner is. . . .!
Determinations Relating to Resource Distribution; US 8,095,460 B2; January 10, 2012; Class 705/38; 20 claims; assigned to Bank of America Corporation. / Financial transactions of a user; financial accounts and information concerning the user; process involves categorizing and subcategorizing transactions, and making various financial calculation. / Categorized transactions and calculated financial ratios.
Frip: BofA, it’s sorry for all the trouble it has caused. Really.
System and Method for Assessing and Managing Financial Transactions; US 8,095,461 B2; January 10, 2012; Class 705/38; 20 claims; assigned to Autoalert, Inc. / Financing information; customer information; product information; process involves comparing a customer's current financial arrangement to a potential new financial arrangement to determine whether the customer is able to enter into a new financial arrangement on terms favorable to the customer. / Alerts to dealers when customers are able to enter new financial arrangements under terms favorable to the customer.
Frip: “Customer right for the plucking, aisle 4.”
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 8,099,309 B1; January 17, 2012; Class 705/7.11; 34 claims; assigned to Intuit Inc. / Financial data associated with an entity; proposed financial policy impacting the entity. / Estimated financial outcome, and other stuff.
Frip: Piece of cake.
System and Method for Recreating Tax Documents; US 8,099,341 B2; January 17, 2012; Class 705/30; 19 claims; assigned to OREM Financial Services Inc. / Request for a copy of a previously filed tax document; downloaded tax transcript from an agency, such as the IRS; process involves mapping values from the transcript into one or more templates to recreate the filed tax document. / Recreated tax document.
Frip: There it is. Your 1978 form 1040.
Method and Apparatus for Enabling Individual or Smaller Investors or Others to Create and Manage a Portfolio of Securities or Other Assets or Liabilities on a Cost Effective Basis; US 8,099,344 B2; January 17, 2012; Class 705/35; 20 claims; assigned to FOLIOfn, Inc. / Portfolio of investments from multiple potential investment options; using a graphical user interface, adjustment of risk-return characteristic of the portfolio; process involves automatic determination of weighting of investments to accommodate the desired risk-return characteristic. / Transmission of one or more trades to adjust the portfolio.
Frip: And all with just the click of a mouse.
Financial Account Information Management and Auditing; US 8,099,345 B2; January 17, 2012; Class 705/35; 8 claims; assigned to Bank of America Corporation. / Data representing multiple financial transactions; data referencing each of the financial transactions. / Something useful, such as inconsistencies or evidence of fraud, or something.
Frip: BofA, doin’ something.
Reference Price Framwork; US 8,099,346 B2; January 17, 2012; Class 705/35; 30 claims; assigned to Pricemetrix, Inc. / Universe of pricing episode data that is segmented into groupings based on price predictive parameters; process involves arranging data in each grouping according to price, and determining a reference price within each grouping based on a predetermined level, rank, or percentile. / Various calculations or comparisons, including the revenue opportunity that could have been obtained by pricing at the reference price.
Frip: Leavin’ Frip speechless.
System and Method for Creating a Market Map in an Electronic Trading Environment; US 8,099,348 B2; January 17, 2012; Class 705/35; 12 claims; assigned to Trading Technologies International, Inc. / Market information for tradable objects. / Providing a tool for displaying trader-related data in combination with market data related to one or more tradable objects, the user being able to 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 8,099,349 B1; January 17, 2012; Class 705/36R; 21 claims; assigned to USAA. / User provided information pertaining to his or her certificates of deposits, such as amount and maturity dates; recommendations regarding consolidating the CDs by rolling them into annuities or insurance. / Schedule for consolidating the CDs into the recommended financial service.
Frip: USAA, getting’ fancy.
Methods, Systems, and Device Readable Media for Proposition Evaluation; US 8,099,351 B2; January 17, 2012; Class 705/36R; 30 claims; assigned to Wiktive LLC. / Initial inputs related to a proposition under analysis, each of the initial inputs relating to an evaluation or 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. / Consensus regarding the proposition under analysis.
Frip: A wiki-style wrapper, whee!
Market Indicator Process and Method; US 8,099,353 B2; January 17, 2012; Class 705/37; 26 claims; assigned to The NASDAQ OMX Group, Inc. (Sweden?). / Results of monitoring at least a portion of the trading of at least two discrete securities that occurs outside of a regular trading session; system involves a closing price variation calculation process that calculates the predicated opening index price of a security index for the beginning of the next regular trading session. / Opening index price of a security index including at least two discrete securities.
Frip: Since when did the NASDAQ move to Sweden?
System and Method for Determining Implied Market Information; US 8,099,355 B2; January 17, 2012; Class 705/37; 38 claims; assigned to Trading Technologies International, Inc. / Market information; process involves computing identity vectors and characterizing a market by exhaustively computing one or more combinations of other related markets such that the markets of each combination when summed result in the market under consideration. / Implied market information and other stuff.
Frip: Wow!
Method and Apparatus System for Modeling Consumer Capacity for Future Incremental Debt in Credit Scoring; US 8,099,356 B2; January 17, 2012; Class 705/38; 17 claims; assigned to Fair Isaac Corporation. / Credit reports and risk scores about a consumer; process involves developing a prediction model that predicts a statistical interaction of performance expectation with likely post-scoring behavior, or something like that. / Prediction of the capacity of a consumer to undertake incremental debt in the future.
Frip: The prediction is, you’re going broke.
Automated Political Risk Management; US 8,099,357 B2; January 17, 2012; Class 705/38; 21 claims; assigned to Goldman Sachs & Co. / Data relating to a financial transaction involving a politically identified person; process involves structuring 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. / Suggested action.
Frip: Sounds like the one percenters protecting their backsides.
Quantifying the Output of Credit Research Systems; US 8,099,358 B2; January 17, 2012; Class 705/38; 20 claims; assigned to Bank of America Corporation. / Internal company credit rating for securities; an external credit research agency original credit rating for each of the securities; data representative of a change of the external credit research agency original credit rating for at least one of the securities; data representative of a current price of the security and a benchmark price of the security. / At least one calculated metric to determine a correlation between the internal company credit ratings and the new external credit research agency ratings for each of the securities.
Frip: Whoa, B of A! Take things easy, Big Fella.
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 System; US 8,103,568 B1; January 24, 2012; Class 705/35; 15 claims; assigned to Bank of America Corporation. / Transaction information with an address; process involves a determination as to whether or not the transaction is suspicious by querying information on the address or a geocode. / Determination as to whether or not the transaction is suspicious.