Patents by Inventor Michael McAlary

Michael McAlary 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).

  • Financial products
    Patent number: 7970700
    Abstract: A method and apparatus for providing a financial product from a first party to a second party, wherein a processing system (10) is configured to receive loan parameters relating to a loan from the first party to the second party; and, determine, using the loan parameters and a repayment rule: payments to be paid by the second party to the first party, and an allocation defining: a first portion used for at least partially repaying the principal and/or interest on the loan; and, a second portion used for at least partially acquiring an investment for the second party. The method and apparatus also allows for the financial product to be maintained.
    Type: Grant
    Filed: November 17, 2005
    Date of Patent: June 28, 2011
    Inventor: Michael McAlary
  • Financial Products
    Publication number: 20080270192
    Abstract: A method and apparatus for providing a financial product from a first party to a second party, wherein a processing system (10) is configured to receive loan parameters relating to a loan from the first party to the second party; and, determine, using the loan parameters and a repayment rule: payments to be paid by the second party to the first party, and an allocation defining: a first portion used for at least partially repaying the principal and/or interest on the loan; and, a second portion used for at least partially acquiring an investment for the second party. The method and apparatus also allows for the financial product to be maintained.
    Type: Application
    Filed: November 17, 2005
    Publication date: October 30, 2008
    Inventor: Michael McAlary