Patent №
US 8,712,911
Granted
2014-04-29
Filed 2013
Owner
ISLAND INTELLECTUAL PROPERTY LLC
Lab
—
AI components
1
planning
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
13839890
A method, system and program product for operating an exchange method for municipal and/or state funds from banking institutions, comprising: accessing, one or more electronic databases holding data on client transaction accounts and funds in aggregated accounts and banking institutions holding Federal government securities; obtaining transaction data; generating instructions to deposit/transfer funds to or withdraw/transfer funds; receiving data for a first deposit from a first one of the banking institutions, where the first deposit comprises municipal funds and/or state funds; selecting, at least another of the banking institutions holding government securities to receive at least a portion of the first deposit of municipal funds and/or state funds; selecting, a plurality of client transaction accounts from one or more of the other banking institutions for the transfer of funds to the first banking institution; generating instructions to deposit/transfer funds.
AI classification
Ownership
ISLAND INTELLECTUAL PROPERTY LLC
assignment · 318870220
Assignors
BENT, BRUCE, BENT, BRUCE, II, BENT, ARTHUR T., III
On an employer assignment, the assignors are typically the inventors.