Lisa A Schwartz

US Patent:

7725378, May 25, 2010

Filed:

Apr 13, 2007

Appl. No.:

11/735224

Inventors:

Lisa Ellis Schwartz - Helotes TX, US
Phillip Neil Beyer - Fair Oaks Ranch TX, US
Douglas Irby Ward - San Antonio TX, US
Christopher Charles Ogburn - Helotes TX, US
John Dale Hegstrom - San Antonio TX, US
Ronald Bryan Sweet - San Antonio TX, US
Sarah Brooke Severson - San Antonio TX, US
Christopher P. Keene - Spring TX, US

Assignee:

United Services Automobile Association (USAA) - San Antonio TX

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 37

Abstract:

A fluctuating annuity payment is determined and generated, and that annuity payment is subsequently fixable. The fluctuating annuity payment may be based on an interest rate, such as the market yield of a 1-year U. S. Treasury adjusted to constant maturity, for example. The fluctuating annuity payment may be determined on a certain date, or periodically, for example. The annuity payment, while fluctuating, may have a predetermined floor or minimum threshold amount that is does not pay less than. At some point, a request may be received to fix the payment, and the fluctuating annuity payment is converted to a fixed annuity payment. The fixed annuity payment may be based on a long term interest rate, for example. After receiving a request to fix the annuity payment, a payment schedule may be determined based on the value of the remaining payments that are to be made.

US Patent:

7783550, Aug 24, 2010

Filed:

Apr 13, 2007

Appl. No.:

11/735203

Inventors:

Lisa Ellis Schwartz - Helotes TX, US
Phillip Neil Beyer - Fair Oaks Ranch TX, US
Douglas Irby Ward - San Antonio TX, US
Christopher Charles Ogburn - Helotes TX, US
John Dale Hegstrom - San Antonio TX, US
Ronald Bryan Sweet - San Antonio TX, US
Sarah Brooke Severson - San Antonio TX, US
Christopher P. Keene - Spring TX, US

Assignee:

United Services Automobile Association (USAA) - San Antonio TX

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 37

Abstract:

A fluctuating annuity payment is determined and generated, and that annuity payment is subsequently fixable. The fluctuating annuity payment may be based on an interest rate, such as the market yield of a 1-year U. S. Treasury adjusted to constant maturity, for example. The fluctuating annuity payment may be determined on a certain date, or periodically, for example. The annuity payment, while fluctuating, may have a predetermined floor or minimum threshold amount that is does not pay less than. At some point, a request may be received to fix the payment, and the fluctuating annuity payment is converted to a fixed annuity payment. The fixed annuity payment may be based on a long term interest rate, for example. After receiving a request to fix the annuity payment, a payment schedule may be determined based on the value of the remaining payments that are to be made.

US Patent:

7991676, Aug 2, 2011

Filed:

Jul 16, 2010

Appl. No.:

12/838257

Inventors:

Lisa Ellis Schwartz - Helotes TX, US
Phillip Neil Beyer - Fair Oaks Ranch TX, US
Douglas Irby Ward - San Antonio TX, US
Christopher Charles Ogburn - Helotes TX, US
John Dale Hegstrom - San Antonio TX, US
Ronald Bryan Sweet - San Antonio TX, US
Sarah Brooke Severson - San Antonio TX, US
Christopher P. Keene - Spring TX, US

Assignee:

United Services Automobile Association (USAA) - San Antonio TX

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 37

Abstract:

A fluctuating annuity payment is determined and generated, and that annuity payment is subsequently fixable. The fluctuating annuity payment may be based on an interest rate, such as the market yield of a 1-year U. S. Treasury adjusted to constant maturity, for example. The fluctuating annuity payment may be determined on a certain date, or periodically, for example. The annuity payment, while fluctuating, may have a predetermined floor or minimum threshold amount that is does not pay less than. At some point, a request may be received to fix the payment, and the fluctuating annuity payment is converted to a fixed annuity payment. The fixed annuity payment may be based on a long term interest rate, for example. After receiving a request to fix the annuity payment, a payment schedule may be determined based on the value of the remaining payments that are to be made.

US Patent:

8239311, Aug 7, 2012

Filed:

Jun 24, 2011

Appl. No.:

13/168316

Inventors:

Lisa Ellis Schwartz - Helotes TX, US
Phillip Neil Beyer - Fair Oaks Ranch TX, US
Douglas Irby Ward - San Antonio TX, US
Christopher Charles Ogburn - Helotes TX, US
John Dale Hegstrom - San Antonio TX, US
Ronald Bryan Sweet - San Antonio TX, US
Sarah Brooke Severson - San Antonio TX, US
Christopher P. Keene - Spring TX, US

Assignee:

United Services Automobile Association (USAA) - San Antonio TX

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 37

Abstract:

A method of providing a financial product includes providing a computer processor, determining, using the computer processor, a fluctuating interest rate using a sum of a securities-based interest rate and an additional interest rate, and generating, using the computer processor, a periodic payment product using the fluctuating interest rate, wherein the periodic payment product is characterized by a payment schedule. The method also includes generating, using the computer processor, a plurality of fluctuating periodic payments using the fluctuating interest rate and obtaining an indication to fix the fluctuating interest rate at a fixed interest rate. The method further includes thereafter, determining, using the computer processor, the fixed interest rate and generating a fixed periodic payment using the fixed interest rate.

US Patent:

8275708, Sep 25, 2012

Filed:

Sep 12, 2007

Appl. No.:

11/853961

Inventors:

Jeff Dennes - San Antonio TX, US
Charles R. Bear - San Antonio TX, US
Patricia A. Loeffler - San Antonio TX, US
Peter H. McKenna - San Antonio TX, US
Lisa Ellis Schwartz - Helotes TX, US
Christy Lynn Newburn - San Antonio TX, US

Assignee:

United Services Automobile Associates (USAA) - San Antonio TX

International Classification:

G06Q 40/00

US Classification:

705 40, 705 35, 705 39

Abstract:

Funding source data, such as bank account information or credit card information, associated with a user is stored in an enterprise-wide database maintained by an institution, such as a financial services institution. The data in the enterprise-wide database may be accessible to entities associated with the institution upon the user's authorization. The user only has to provide the funding source data once and may then use that funding source to pay for any product, service, bill, etc. associated with any of the entities of the institution. A user may update funding source data once, and this updated funding source data may then be available to all the entities. After providing account details for the user's various funding sources, a user can assign any of the funding sources to a payment plan for any product or service in any entity of the institution.

US Patent:

8595117, Nov 26, 2013

Filed:

Jul 2, 2012

Appl. No.:

13/539857

Inventors:

Lisa Ellis Schwartz - Helotes TX, US
Phillip Neil Beyer - Fair Oaks Ranch TX, US
Douglas Irby Ward - San Antonio TX, US
Christopher Charles Ogburn - Helotes TX, US
John Dale Hegstrom - San Antonio TX, US
Ronald Bryan Sweet - San Antonio TX, US
Sarah Brooke Severson - San Antonio TX, US
Christopher P. Keene - Spring TX, US

Assignee:

United Services Automobile Association (USAA) - San Antonio TX

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35

Abstract:

A method for providing a financial instrument includes providing a processor. The method also includes generating, using the processor, an annuity comprising a fluctuating annuity payment and an option to fix the fluctuating annuity payment and setting a payment schedule for the fluctuating annuity payment.