Patents by Inventor Frederick Morgenstern

Frederick Morgenstern has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20070150413
    Abstract: An e-commerce database system that maintains a list of merchant and customer accounts, each account has an assigned amount of UNEEs (e-commerce currency units) and identification information about the merchants or customers. The electronic currency units are purchased by a customer for placement into their UNEE account. Payments in UNEE's are made for purchases by the customer and result in a transfer of electronic currency from the customer's UNEE account to the merchant's UNEE account. Payments received by the merchant can be retained as UNEEs, or they can be converted into a national currency or other asset of value selected by the merchant. The merchant can also purchase UNEEs for use by the merchant. UNEE transactions between a customer and a merchant result in a request to the central database system with instructions to transfer the desired number of UNEEs between accounts. The availability of the UNEEs is verified by the central database system, and if funds are available, the UNEEs are transferred.
    Type: Application
    Filed: August 29, 2006
    Publication date: June 28, 2007
    Inventor: Frederick Morgenstern
  • Publication number: 20060200411
    Abstract: A multilayer geocentric participation system which distributes a variety of products (“e-pipeline” products) to enrolled members and others via electronic (i.e. Internet) participation channels, and provides a variety of financial products, including ATMs, and debit/credit cards. The system determines source of financial transactions and e-pipeline purchases and relates them to particular enrolled members. Compensation is made to the enrolled members as a result of the financial transactions and/or e-pipeline purchases based on the relationship between the enrolled member and the entity making the e-pipeline purchase and/or financial transaction. Participant access keys (“PAKs”) are used to determine the rights of each entity based on individual contracts between the entities.
    Type: Application
    Filed: January 24, 2006
    Publication date: September 7, 2006
    Inventors: Frederick Morgenstern, Thomas Leonard