Paul Michael Young

US Patent:

6652896, Nov 25, 2003

Filed:

Mar 15, 2001

Appl. No.:

09/808769

Inventors:

Paul J. Young - Oradell NJ
Peter M. Bluestein - Demarest NJ

Assignee:

Nuvim, Inc. - Paramus NJ

International Classification:

A23C 300

US Classification:

4263302, 426 34, 426 42, 426580, 426583, 426590

Abstract:

Acidic milk based beverage products which do not precipitate over time and are physically stable, and a process for preparing these products, are disclosed. These products contain from about 0. 5% to 5. 0% milk proteins and 0. 1 to 2. 0% of a food stabilizer and a food acid sufficient to lower the pH below 4. 5. The first step of the process involves mixing milk proteins with a food grade weak base to raise the pH above 7. Food grade stabilizers are added to the elevated pH mixture of milk proteins and base under low shear conditions. Other ingredients are then added to provide the desired sweetness, flavor, color and microbiological stability. This mixture is homogenized before acidification. A chilled food grade acid is then added at a temperature below 30Â c. under low to moderate shear conditions.

US Patent:

6829590, Dec 7, 2004

Filed:

Oct 31, 2000

Appl. No.:

09/702956

Inventors:

Sharon Greener - Rumson NJ
Mark Higgins - New York NY
Effie Konstantine Anagnostopoulos - New York NY
Paul Young - New York NY
Dan Rothman - New York NY
John Godfrey - London, GB
Mel Gunewardena - New York NY

Assignee:

Goldman, Sachs Co. - New York NY

International Classification:

G06F 1760

US Classification:

705 38, 705 31

Abstract:

The present invention provides a method and system to implement risk management of foreign exchange of currency related to an online transaction. According to the present invention an exchange price and a tolerance parameter can be determined for a foreign currency as the foreign currency relates to a base currency. A computer system can receive a spot price relating to a market price for exchange of a foreign currency and compare the spot price with the tolerance parameter. The system can modify the exchange price if spot price exceeds the tolerance parameter. In addition, the system can receive information including the base currency amount involved in an online transaction and transmit the base currency amount and the foreign currency amount, wherein the foreign currency amount is derived according to the exchange price. If desired, a first tolerance parameter and a second tolerance parameter can be utilized, wherein a rise in the spot price is compared to the first tolerance parameter and a fall in the spot price is compared to the second tolerance parameter. In addition, the magnitude of the first tolerance parameter does not need to be equal to the magnitude of the second tolerance parameter.

US Patent:

7024383, Apr 4, 2006

Filed:

Mar 16, 2000

Appl. No.:

09/526606

Inventors:

Robert S. Mancini - Bedford NY, US
Daniel J. Rothman - New York NY, US
Mark Higgins - New York NY, US
John Henry Godfrey - New York NY, US
Paul M. Young - New York NY, US
Arun M. Gunewardena - New York NY, US
Sharon Greener - Rumson NJ, US
Effie Konstantine Anagnostopoulos - New York NY, US

Assignee:

Goldman, Sachs & Co. - New York NY

International Classification:

G06F 16/60

US Classification:

705 35, 705 38, 705 37

Abstract:

A computer-implemented method for providing risk management for online transactions. An exchange price for a foreign currency relative to a base currency is entered into a host computer. The host computer will also receive data descriptive of one or more transactions involving the foreign currency that occurred within a predetermined time period. The data will include a transaction amount. Currency is exchanged according to the entered price and the transaction amounts contained in the data. A risk exposure for the predetermined time period can be calculated based upon an aggregate amount of currency involved in transactions during the predetermined time period. The risk exposure can be based upon market data relating to the price of the foreign currency. The present invention can be implemented to capture each transaction amount that relates to a sale occurring on an e-commerce site. Currency is automatically exchanged at the price entered for the local currency.

US Patent:

7979347, Jul 12, 2011

Filed:

Nov 16, 2000

Appl. No.:

09/714315

Inventors:

Sharon Greener - Rumson NJ, US
Mark Higgins - New York NY, US
Effie Konstantine Anagnostopoulos - New York NY, US
Paul Young - New York NY, US
Dan Rothman - New York NY, US
John Godfrey - London, GB
Mel Gunewardena - New York NY, US

Assignee:

Goldman Sachs & Co. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 39

Abstract:

The present invention contemplates a risk management system for facilitating an e-commerce transaction wherein the participants to the transaction engage in commerce using different currencies. An automated sales risk management system facilitates a transaction by providing a price of a transaction which incorporates aggregated costs related to the transaction into a price made available to the participants. A currency risk management system can receive an amount relating to a deliverable involved in a transaction and determines an aggregated cost of the transaction. Aggregated cost can include a cost of credit, a cost for exchange of currency, a cost of insurance, processing fees, or other associated costs. Insurance can be monitored and a determination can be made regarding whether a participant has adequate insurance to cover a proposed transaction. The present invention also provides for risk associated with online transactions to be categorized and transferred.

US Patent:

20050153030, Jul 14, 2005

Filed:

Aug 19, 2004

Appl. No.:

10/663154

Inventors:

Paul Young - Oradell NJ, US
Peter Bluestein - Demarest NJ, US

International Classification:

A23C003/00

US Classification:

426330200

Abstract:

Acidic milk based beverage products which do not precipitate over time and are physically stable, and a process for preparing these products, are disclosed. These products contain from about 0.5% to 5.0% milk proteins and 0.1 to 2.0% of a food stabilizer and a food acid sufficient to lower the pH below 4.5. The first step of the process involves mixing milk proteins with a food grade weak base to raise the pH above 7.0. Food grade stabilizers are added to the elevated pH mixture of milk proteins and base under low shear conditions. Other ingredients are then added to provide the desired sweetness, flavor, color and microbiological stability. This mixture is homogenized before acidification. A chilled food grade acid is then added at a temperature below 30 C. under low to moderate shear conditions.

US Patent:

20120150568, Jun 14, 2012

Filed:

Jun 6, 2011

Appl. No.:

13/153557

Inventors:

Sharon Greener - Rumson NJ, US
Mark Higgins - New York NY, US
Effie Konstantine Anagnostopoulos - New York NY, US
Paul Young - New York NY, US
Dan Rothman - New York NY, US
John Godfrey - London, GB
Mel Gunewardena - New York NY, US

International Classification:

G06Q 40/08
G06Q 30/06
G06Q 40/02

US Classification:

705 4

Abstract:

The present invention contemplates a risk management system for facilitating an e-commerce transaction wherein the participants to the transaction engage in commerce using different currencies. An automated sales risk management system facilitates a transaction by providing a price of a transaction which incorporates aggregated costs related to the transaction into a price made available to the participants. A currency risk management system can receive an amount relating to a deliverable involved in a transaction and determines an aggregated cost of the transaction. Aggregated cost can include a cost of credit, a cost for exchange of currency, a cost of insurance, processing fees, or other associated costs. Insurance can be monitored and a determination can be made regarding whether a participant has adequate insurance to cover a proposed transaction. The present invention also provides for risk associated with online transactions to be categorized and transferred.