US 11,790,472 B1
Computer system and network for eliminating fraud in the issuance of surety bonds
Joseph Sforzo, Plainview, NY (US); and Joseph M. Sforzo, Jr., Plainview, NY (US)
Filed by Joseph Sforzo, Plainview, NY (US); and Joseph M. Sforzo, Jr., Plainview, NY (US)
Filed on Jul. 8, 2021, as Appl. No. 17/370,236.
Claims priority of provisional application 63/052,501, filed on Jul. 16, 2020.
Int. Cl. G06Q 30/00 (2023.01); G06Q 50/26 (2012.01); G06Q 30/0273 (2023.01); G06Q 40/06 (2012.01); G06Q 50/18 (2012.01)
CPC G06Q 50/265 (2013.01) [G06Q 30/0275 (2013.01); G06Q 40/06 (2013.01); G06Q 50/18 (2013.01)] 18 Claims
OG exemplary drawing
 
1. A computer implemented system configured for issuance of a surety bond and corresponding power of attorney to eliminate fraud with multiple layers of security, said computer-implemented system comprising:
a server, said server configured to communicate with a plurality of client devices;
one or more client devices for each of: one or more surety companies, one or more agents, one or more contractors, and one or more obligees; each of said client devices configured to communicate with said server,
wherein said server is configured to provide said client devices of the one or more surety companies with a surety company user interface screen configured to grant a power of attorney to authorize an agent to issue surety bonds on behalf of the surety company;
wherein said server is configured to provide said client devices of the one or more agents with an agent user interface screen: said agent user interface screen comprising:
an information box configured for selection of a contractor requiring a bond for a project;
an information box configured for selection of a power of attorney granted by a surety company to the agent;
an information box configured for selection of an obligee soliciting bids for the project;
a list box configured for selection of a bond type;
one or more information boxes configured for entry into, or selection therein, of one or more of:
a bid date for the project;
a bid security percentage;
a description of the project; and
a digital signature of the agent; and
a button configured to submit a draft of the bond to the contractor,
wherein said server is configured to provide said client devices of the one or more contractors with a contractor user interface screen configured for entry of a digital signature of the contractor onto the draft of the bond;
wherein said server is configured to generate and to display a unique alpha and/or numeric identifier on both the executed bond and the associated power of attorney, to create a digital stapler to prevent subsequent fraudulent use of the power of attorney independent of the executed bond; and
wherein said server is configured to provide said client devices of the obligee with an obligee user interface screen configured to provide access to view the executed bond.