Patents by Inventor Keith P. Stone

Keith P. Stone 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).

  • Systems and Methods For Bifurcating Sales Proceeds and Transmitting Sales Taxes To Taxing Authorities In Near Real Time
    Publication number: 20170011377
    Abstract: Systems and methods for bifurcating sales proceeds and transmitting sales taxes to a taxing authority include a point of sale (POS) terminal configured to assemble payment transaction data into a batch processing request including a sales price component and a sales tax component. The system also includes a primary payment processor configured to transmit first proceeds from the reconciliation of the sales price component to a merchant account, and a fiduciary payment processor configured to transmit second proceeds from the reconciliation of the sales tax component to a fiduciary account.
    Type: Application
    Filed: July 9, 2015
    Publication date: January 12, 2017
    Inventor: Keith P. Stone