US 12,254,514 B2
Interface for landfall location options
Rich Jaycobs, Burlington, MA (US)
Assigned to CFPH, LLC, New York, NY (US)
Filed by CFPH, LLC, New York, NY (US)
Filed on Sep. 15, 2023, as Appl. No. 18/368,608.
Application 18/368,608 is a continuation of application No. 17/515,643, filed on Nov. 1, 2021, granted, now 11,798,084.
Application 17/515,643 is a continuation of application No. 15/616,575, filed on Jun. 7, 2017, granted, now 11,164,249, issued on Nov. 2, 2021.
Claims priority of provisional application 62/347,749, filed on Jun. 9, 2016.
Prior Publication US 2024/0005401 A1, Jan. 4, 2024
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 20/40 (2012.01); G06Q 40/04 (2012.01); G06T 11/20 (2006.01); G06F 3/0481 (2022.01); H04L 9/40 (2022.01)
CPC G06Q 40/04 (2013.01) [G06T 11/206 (2013.01); G06F 3/0481 (2013.01); G06T 2200/24 (2013.01)] 19 Claims
OG exemplary drawing
 
1. An apparatus comprising
a memory;
a display device;
a network interface to communicate with at least one remote device;
at least one processor to:
receive from a remote device a plurality of longitude and latitude coordinate pairs;
generate in the memory an association between a given longitude and latitude pair and each zip code within a certain radius from the given longitude and latitude pair;
render on the display device a graphical user interface comprising a map and a circle around the given longitude latitude pair on the map, a radius of the circle corresponding to the certain radius;
render, on the display device, data representing a binary option for a buyer and a seller based on whether a storm will make landfall within the certain radius;
receive data indicative of a request to purchase the binary option;
receive from a remote device a landfall location of the storm;
identify whether the landfall location corresponds to a zip code associated with the given longitude latitude pair in the memory and calculate a payout of the binary option at least partially based on a strength of the storm; and
determine a margin requirement for the seller to maintain a margin balance in an account in order to prevent sales that would increase the margin requirement above the account.