IP Library Granted Patent US 11,847,696
Granted Patent B2
US 11,847,696 · App. 17/154,961 · Granted Dec 19, 2023

Secure messaging systems and methods

Inventors: John Nafeh (Portola Valley, CA); Kenton K. Yee (Stanford, CA)
Assignee: North American Derivatives Exchange, Inc.
G06Q40/04
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Quick Facts
Patent No.
US 11,847,696
App. No.
17/154,961
Granted
Dec 19, 2023
Kind
B2
Abstract

Key features of these methods, apparatus, and designs include (but are not limited to) innovations and implementations of futures securities; the notion of Type I, Type II, and Type III futures contracts custom tailored to specific clienteles; the notion of tickets and coupons as tradable futures contracts; the notion of bifurcation; the notion of redeemable bundles; and notion of realization of the futures market on the Internet; the apparatus of an Internet-based trading interface and engine; the notion of cookie-cutter futures electronic Internet-based futures markets for each security; the feature of maximal reliance on the Internet; and the business concept of “profitability without the need for high trading volume.”

Claims (23)

1. A system comprising:

a kiosk having an interactive graphical touchscreen user interface having a processor and memory for a user to physically receive a pre-specified item of value from the kiosk, the interactive graphical touchscreen user interface communicatively coupled to an identification recognition sensor, token acceptance sensor, a password processing sensor and a belt;

the pre-specified item of value is provided as a regular recurring occurrence and at least one token has a time period from a sale thereof to an expiration thereof, which partially overlaps a time period from a sale of another token until the expiration of the another token, each of the tokens having different expiration dates and each of the tokens are for a separate pre-specified item of value;

the kiosk configured with the identification recognition sensor for recognizing the user, the kiosk configured to accept the at least one token with a token acceptance sensor for accepting the at least one token, and if the kiosk recognizes the user and accepts the at least one token and a correct password, the kiosk causing the user to physically receive the pre-specified item of value.

2. The system of claim 1 , wherein the identification recognition sensor is a biometric sensor.

3. The system of claim 2 , wherein the biometric sensor recognizes a fingerprint.

4. The system of claim 2 , wherein the biometric sensor recognizes a palm vein.

5. The system of claim 2 , wherein the biometric sensor recognizes a face.

6. The system of claim 2 , wherein the biometric sensor recognizes DNA.

7. The system of claim 2 , wherein the biometric sensor recognizes a palm print.

8. The system of claim 2 , wherein the biometric sensor recognizes hand geometry.

9. The system of claim 2 , wherein the biometric sensor recognizes an iris.

10. The system of claim 2 , wherein the biometric sensor recognizes a retina.

11. The system of claim 2 , wherein the biometric sensor recognizes an odor.

12. The system of claim 2 , wherein the biometric sensor recognizes a typing rhythm.

13. The system of claim 2 , wherein the biometric sensor recognizes a gait.

14. The system of claim 2 , wherein the biometric sensor recognizes a scent.

15. The system of claim 2 , wherein the biometric sensor recognizes a keystroke.

16. The system of claim 2 , wherein the biometric sensor recognizes a signature.

17. The system of claim 2 , wherein the biometric sensor recognizes a voice.

18. The system of claim 2 , wherein the biometric sensor employs a facial recognition system that matches a human face from a digital image.

19. The system of claim 2 , wherein the biometric sensor employs a facial recognition system that matches a human face from a video frame.

20. The system of claim 1 , wherein the communicatively coupling is by electricity, a network, or Bluetooth®.

Assignments (3)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 19, 2021
From: NAFEH, JOHN; YEE, KENTON K.
To: PARETO PARTNERS, LTD.
Reel/Frame 058170/0785 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 19, 2021
From: PARETO PARTNERS, LTD.
To: HEDGESTREET, INC.
Reel/Frame 058170/0831 →
CHANGE OF NAME Recorded Nov 19, 2021
From: HEDGESTREET, INC.
To: NORTH AMERICAN DERIVATIVES EXCHANGE, INC.
Reel/Frame 058899/0512 →
Continuity (8)
Continuation In Part 16840204 · Apr 3, 2020
Continuation In Part 13185441 · Jul 18, 2011
Continuation In Part 17154961
Continuation In Part 11893017 · Aug 13, 2007
Continuation 09923035 · Aug 6, 2001
Provisional Application 60284051 · Apr 16, 2001
Provisional Application 60240903 · Oct 17, 2000
Related Publication 20210142412A1 · May 13, 2021