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US Patent 11216813 Business-to-business netting

Patent 11216813 was granted and assigned to USAA on January, 2022 by the United States Patent and Trademark Office.

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Patent attributes

Patent Applicant

Current Assignee

Patent Jurisdiction

United States Patent and Trademark Office

Patent Number

Patent Inventor Names

Joseph Gregory Delong0

Alexander Benetto Nagelberg0

Jonathan Huntington Rhea0

Steven James Schroeder0

Date of Patent

January 4, 2022

Patent Application Number

16261296

Date Filed

January 29, 2019

Patent Citations Received

US Patent 11461861 Net settlement of subrogation claims using a distributed ledger

US Patent 11694110 Aggregated machine learning verification for database

0

US Patent 11922526 Net settlement of subrogation claims using a distributed ledger

0

US Patent 11983608 Efficient verification of machine learning applications

0

Patent Primary Examiner

Jacob C. Coppola

Patent abstract

Systems and methods for performing netting of business-to-business payments for settlement of running balances between parties are provided. To that end, blockchain infrastructures allow smart contracts that may be suitable for subrogation and netting operations, and the smart contracts that facilitate the operations. Application-programming interfaces (APIs) are provided that may be used to interact with the smart contracts.

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