Invention Grant
- Patent Title: Automated method and article of manufacture for fully insuring large deposits received from a plurality of custodians from their respective depositors
- Patent Title (中): 自动方法和制造物品,从各自存款人的多个保管人那里获得充分保险的大额存款
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Application No.: US12842725Application Date: 2010-07-23
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Publication No.: US08051004B2Publication Date: 2011-11-01
- Inventor: Mark P. Jacobsen
- Applicant: Mark P. Jacobsen
- Applicant Address: US VA Arlington
- Assignee: Promontory Interfinancial Network, LLC
- Current Assignee: Promontory Interfinancial Network, LLC
- Current Assignee Address: US VA Arlington
- Agency: Panitch Schwarze Belisario & Nadel LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
An automated method is provided for processing large deposits that exceed an established deposit insurance limit so that the large deposits are fully insured. The large deposits are received from a plurality of unaffiliated custodians from their respective depositors. A processor receives orders from the plurality of custodians to process large deposits. The processor partitions each of the large deposits for each order into a plurality of deposit portions in a manner so that each deposit portion does not exceed the established deposit insurance limit. The processor then assigns at least some of the deposit portions for each of the large deposits for each order to at least some custodians that are unaffiliated with the custodian that received the large deposit for deposit therein.
Public/Granted literature
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