The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Feb. 04, 2020
Filed:
Jan. 23, 2017
Island Intellectual Property Llc, Manhasset, NY (US);
Bruce Bent, Manhasset, NY (US);
Bruce Bent, II, New York, NY (US);
Rebecca Gareis Bent, New York, NY (US);
David Edgar Gareis, Carlsbad, CA (US);
Island Intellectual Property LLC, Manhasset, NY (US);
Abstract
A method, system, and program product, the method comprising: (1) aggregated account information FDIC aggregated deposit accounts held in a plurality of banks; (2) client account information: (1) obtaining a client available deposit amount, D; (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.