Patents by Inventor Larry H. Myatt

Larry H. Myatt 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).

  • Account transaction system
    Patent number: 5231569
    Abstract: A system for performing transaction from an account such as a checking account which adds a measure of assurance of payment to the account issuer is provided. The system includes a remote transaction terminal located at the point of the transaction. The terminal reads data on a card which identifies the card holder. The amount and type of the transaction are inputted into the transaction terminal. A transaction processor is provided which accesses two negative data files. One of the negative data files is compiled by the account issuer and the other of the negative data files is compiled by a number of account issuers such as by a number of different merchants. The data identifying the card holder is compared to the data in both of the negative files and an authorization or denial signal is generated in response to the comparison.
    Type: Grant
    Filed: June 12, 1990
    Date of Patent: July 27, 1993
    Assignee: Sears Payment Systems, Inc.
    Inventors: Larry H. Myatt, Bruce C. Rhoads