Patent application number | Description | Published |
20140304149 | INTER-CURRENCY CHEQUE PAYMENT CLEARING - A method of cheque payment clearing involves a payee financial institution receiving an electronic representation of a paper cheque. The electronic cheque representation identifies a payment amount, a payor financial institution and a payor account. The payment amount is payable from the payor account in a first currency. The payee institution (i) electronically transmits to the payor institution a transaction origination message identifying a payee account, the payment amount, and an equivalent amount that comprises the payment amount converted to a second currency different from the first currency; (ii) electronically receives from the payor institution a transaction response message identifying a confirmation of a debit entry in the payment amount posted to the payor account and, in accordance with the confirmation, (iii) applies to a payee account a credit entry in the equivalent amount. The equivalent amount is payable from the payee account in the second currency. | 10-09-2014 |
20140337171 | SYSTEM AND METHOD FOR CONSUMER-MERCHANT TRANSACTION ANALYSIS - A system, method and computer program product that is capable of determining respective merchant behaviour scores and consumer behaviour scores. Merchant locations (e.g. point of purchase or other geographic or virtual locations), in association with which merchants and consumers conduct transactions, can be used to enhance behaviour scoring capabilities. A merchant location may be attributed a merchant behaviour score such as one determined in accordance with consumer behaviour/financial/risk metrics of consumers who conduct transactions with the location. A specific consumer may be attributed a consumer behaviour score determined in accordance with the respective merchant behaviour scores of locations with which the specific consumer conducts transactions. | 11-13-2014 |
20140337225 | BIOMETRIC-BASED TRANSACTION FRAUD DETECTION - A method of identifying potentially fraudulent electronic transactions at an electronic transaction device may involve the transaction device receiving a transaction request for an electronic transaction. The transaction request may include a biometric credential sample and an authentication credential. Upon locating in the transaction history (i) no entry corresponding to the biometric credential sample or (ii) an entry comprising the biometric credential sample in association with the authentication credential, the electronic transaction device may insert into the transaction history a new entry comprising the biometric credential sample in association with the authentication credential and initiates completion of the electronic transaction. Otherwise, the transaction device may insert into the transaction history a new entry comprising the biometric credential sample in association with the authentication credential and generates an alarm signal identifying the electronic transaction as potentially fraudulent. | 11-13-2014 |
20140337235 | PERSON-TO-PERSON ELECTRONIC PAYMENT PROCESSING - A method of person-to-person anonymous electronic payment processing may involve a payment processing server receiving from a payor payment device a payment initiation request for a payment from a payor account. The payment initiation request may identify a payment amount and excludes payee particulars and the payee account. The server may also receive from a payee payment device a payment completion request requesting completion of the payment. The payment completion request may include a payee identifier and exclude the payment amount, payor account and payor particulars. The server may confirm that the payment completion request is uniquely associated with the payee payment device and the payee identifier, and determine the payment amount and the payor account by correlating the payment completion request with the payment initiation request. In accordance with an outcome of the confirming, the payment processing server may effect a transfer in the payment amount from the payor account to the payee account. | 11-13-2014 |
20140358786 | VIRTUAL CERTIFIED FINANCIAL INSTRUMENT SYSTEM - The disclosed embodiments include systems and methods for issuing a virtual certified financial instrument. The disclosed embodiments may be configured to receive a financial instrument request for a virtual certified financial instrument, generate a payor token and a payee token, generate a reference token from the payor token and the payee token using an algorithm rendering it computationally infeasible for the reference token to be derived from only one of the payor token and the payee token, and uniquely associate the reference token with the virtual certified financial instrument. The disclosed embodiments may also be configured to receive, from the payor device or the payee device, a financial instrument redemption request that includes a composite token, and redeem the virtual financial instrument in accordance with a confirmation that the composite token matches the reference token. | 12-04-2014 |
20140365377 | HIGH FRAUD RISK TRANSACTION AUTHORIZATION - A method of authorizing a transaction involves a computer server authenticating a payment cardholder from a cardholder credential, and receiving a request from a communications terminal to initiate an online transaction with the server. The server communicates with a database of clusters, each uniquely associated with a respective cardholder and identifying an authentication card and a partial payment card number. The server requests an authentication credential from the terminal in response to determining that the requested transaction possesses a high risk of fraud. The server receives the requested authentication credential, and uses the cardholder and authentication credentials to locate the authentication card uniquely associated with the cardholder and the authentication credential in the database. The authentication credential has fewer digits than the account number of the located authentication card. The server authorizes the transaction in response to authenticating the cardholder using the account number of the located authentication card. | 12-11-2014 |
20150095132 | SYSTEMS AND METHODS FOR ADMINISTERING INVESTMENT PORTFOLIOS BASED ON INFORMATION CONSUMPTION - The disclosed embodiments include systems and methods for administering actual and virtual investment portfolios based on social media activities associated with and information consumed by one or more users. The disclosed embodiments may be configured to obtain digital activity data identifying an interaction between the user and one or more social networks, and further, one or more elements of electronic content accessed by the user. The disclosed embodiments may also be configured to identify a loyalty program associated with the user, and a geographic region associated with the user. The disclosed embodiments may also be configured to identify one or more first securities based on the digital activity data, an investment risk tolerance of the user, and at least one or the loyalty program or the geographic region, and to transmit information identifying a first set of the one or more first securities to a user device. | 04-02-2015 |
20150095150 | SYSTEMS AND METHODS FOR ADMINISTERING INVESTMENT PORTFOLIOS BASED ON TRANSACTION DATA - The disclosed embodiments include systems and methods for administering actual and virtual investment portfolios based on transaction data associated with one or more users. The disclosed embodiments may be configured to obtain first transaction data associated with a first user and identifying one or more first products purchased by the first user. The disclosed embodiments may also be configured to obtain program data identifying a first loyalty program associated with the first user, and geographic data specifying a geographic region associated with the first user. Additionally, the disclosed embodiments may be configured to identify one or more first securities based on the first transaction data and the obtained program and/or geographic data. The disclosed embodiments may also generate one or more first electronic instructions to transmit information identifying a first set of the one or more first securities to a device of the first user. | 04-02-2015 |
20150095206 | SYSTEMS AND METHODS FOR PROVIDING TRANSACTION COMPLETION ALERTS - Systems and methods are provided for identifying interrupted transactions and automatically completing interrupted transactions based on responses to transaction completion alerts. The disclosed embodiments may include a server that may obtain one or more first terms of a transaction from a customer. The server may be configured to identify an interruption in an execution of the transaction, and determine, in response to the identified interruption, whether the first transaction terms include a predetermined subset of second transaction terms used to execute the transaction. The server may also complete the execution of the interrupted transaction when the first transaction terms include at least the predetermined subset of the second transaction terms. | 04-02-2015 |
20150095216 | METHODS AND SYSTEMS FOR DETERMINING AND PROVIDING NEGATIVE EVENT NOTIFICATIONS - The disclosed embodiments include systems and methods for determining and providing notifications of negative events. The disclosed embodiments include, for example, a computer-implemented method for determining negative events. The method may include collecting, by one or more processors, prior financial transaction information associated with a user. The method may also include determining a transaction pattern associated with the user based on the collected financial transaction information. In another aspect, the method may include determining a negative event reflecting a deviation from the transaction pattern associated with the user, the deviation being a nonoccurrence of an expected financial transaction consistent with the transaction pattern. The method may also include providing a notification identifying the deviation. | 04-02-2015 |
20150095261 | SYSTEMS AND METHODS FOR ADMINISTERING INVESTMENT PORTFOLIOS BASED ON TRANSACTION DATA - The disclosed embodiments include systems and methods for administering actual and virtual investment portfolios based on transaction data associated with one or more users. The disclosed embodiments may be configured to modify an investment risk tolerance of a user based on transaction data identifying one or more first products purchased by the user and one or more prior financial services transactions associated with the user. The disclosed embodiments may also be configured to identify one or more first securities based on a portion of the transaction data and the modified investment risk tolerance. In certain aspects, the identified first securities may be related to at least one of the purchased products. | 04-02-2015 |
20150095263 | SYSTEMS AND METHODS FOR ADMINISTERING INVESTMENT PORTFOLIOS BASED ON TRANSACTION DATA - The disclosed embodiments include systems and methods for administering actual and virtual investment portfolios based on transaction data associated with one or more users. The disclosed embodiments may be configured to modify an investment risk tolerance of a user based on transaction data identifying one or more first products purchased by the user and one or more prior financial services transactions associated with the user. The disclosed embodiments may also be configured to identify one or more first securities based on a portion of the transaction data and the modified investment risk tolerance. In certain aspects, the identified first securities may be related to at least one of the purchased products. | 04-02-2015 |