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:
Apr. 17, 2018
Filed:
May. 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
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.