Patents by Inventor Patrick M. Phillips

Patrick M. Phillips 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).

  • Internet based check cashing and clearing method, apparatus and article of manufacture
    Patent number: 7103579
    Abstract: A method apparatus and article of manufacturing for using a computer to electronically clear and cash a check submitted to an on-line merchant from an on-line consumer by electronic means is provided. First, an input of check information submitted by a consumer by electronic means is accepted. Next the accuracy of the check information is verified and then is presented for clearing through the Federal Reserve's Automated Clearing House. Finally, the consumer's checking account from which the check was drawn is debited by the amount indicated in the check information and the merchant's account is credited by the amount indicated in the check information.
    Type: Grant
    Filed: March 23, 2000
    Date of Patent: September 5, 2006
    Assignees: Electronic Clearinghouse, Inc., National Bank Drafting Systems, Inc.
    Inventors: Patrick M. Phillips, Dennis G. Brown, George A. Gouffray, Roger A. Burk, Ronnie D. Phillips, David P. Higbee, Jay D. Lynch, Lawrence M. Brown, David C. Griffin