US Patent Issued to Island Intellectual Property on July 29 for "Systems, methods and program products for allocation to maximize insurance or maximize interest for client accounts" (New York Inventor)

ALEXANDRIA, Va., July 30 -- United States Patent no. 12,373,885, issued on July 29, was assigned to Island Intellectual Property LLC (Manhasset, N.Y.).

"Systems, methods and program products for allocation to maximize insurance or maximize interest for client accounts" was invented by Bruce R. Bent II (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems, methods, and program products of performing a deposit transaction in which allocations to depository accounts are made in accordance with customer selection of maximum interest coverage or maximum interest rate. Maximum balances associated with maximum interest customers and maximum insurance customers are taken into account at each depository in...