Island Intellectual Property LLC

Island Intellectual Propery LLC

Rebecca Gareis Bent

Bruce Bent

David Edgar Gareis

Bruce Bent, Ii

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

Method and system for allocating deposits over a plurality of depository institutions

A method, system and program product, the method in one embodiment comprising: A method, comprising: accessing databases comprising: client information for each of a plurality of respective clients, comprising a balance of funds of the client; a distribution percent value, X, for tranches; information for each of multiple government backed-insured aggregated time deposit instruments holding a tranche of client funds, comprising: a rate; an identification of the depository institution; a term; and determining a given client available distribution amount, D; determining an amount of a client tranche to be deposited in each of Ndepository institutions based at least in part on the percentage, X, in order that the client tranches are approximately equal and are insured; determining Ndepository institutions to distribute the client tranches; allocating substantially equally respective client tranches to the Ndepository institutions; generating data for instructions to transfer the respective client tranches; updating, the databases.

Method and system for allocating funds over a plurality of time deposit instruments in depository institutions

Computer system, computer-implemented method, and program product for managing transactions that include administering clients' deposits to and withdrawals from client transaction accounts; determining a client available deposit amount, D, determining, for D, a value of Nbanks for the respective client transaction account, wherein Nis a whole number and (X) times (N) is equal to or less than 100, where X is a distribution percent value to be distributed to each of the Nbanks; allocating, the percentage, X, multiplied by the client deposit amount, D, calculating, for the banks a respective net deposit amount; generating instructions to transfer funds; and updating.

Computer system, computer-implemented method, and program product for managing transaction comprising: administering clients' deposits to and withdrawals from client transaction accounts; determining a client available deposit amount, D, determining, for D, a value of Nbanks for the respective client transaction account, wherein Nis a whole number and (X) times (N) is equal to or less than 100, where X is a distribution percent value to be distributed to each of the Nbanks; allocating, the percentage, X, multiplied by the client deposit amount, D, calculating, for the banks a respective net deposit amount; generating instructions to transfer funds; and updating.

A computer system, computer-implemented method, and program product for managing a plurality of client transaction accounts associated with a plurality of respective clients for a plurality of transactions, the system comprising: one or more configured to perform the steps: administering clients' deposits/transfers to and withdrawals/transfers from client transaction accounts; performing the following steps for each client transaction account, i, of a plurality of client transaction accounts: determining a client available deposit amount, D, comprising funds to be distributed over Nrespective banks in the program; determining, for D, a value of Nbanks for the respective client transaction account, wherein Nis a whole number and (X) times (N) is equal to or less than 100, where X is a distribution percent value to be distributed to each of the Nbanks; allocating, the percentage, X, multiplied by the respective client available deposit amount, D, calculating, for each bank of a plurality of the banks in the program, a respective net bank deposit amount for allocation; generating instructions to transfer funds to or from one or more of the aggregated deposit accounts in one or more of the respective banks in the program; and updating one or more of the electronic databases with update data for each of a plurality of the client transaction accounts.

Method, system and program product, the method comprising: accessing databases, comprising: information for a plurality of FDIC-insured and interest-bearing aggregated deposit accounts held in a plurality of banks, and client account information; obtaining a deposit amount, Di; calculating a client first amount, FAi, comprising a first percentage X, multiplied by the deposit amount, Di, to be distributed approximately equally among a client Ni banks; calculating a client second amount, SAi, comprising a second percentage, Y, multiplied by the client amount, Di, to be distributed approximately equally among client Mi banks in the program; allocating a respective portion of the client first amount, FAi, to each of the respective client Ni banks in the program, and allocating a respective portion of the client second amount, SAi, to each of the respective client Mi banks in the program; generating data for transferring funds; and updating the electronic databases.

Growing community of inventors

Manhasset, NY, United States of America

Rebecca Gareis Bent