Patents by Inventor Peter J. Flor

Peter J. Flor 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).

  • Electronic grace period billing
    Patent number: 10621567
    Abstract: An authorization request for a payment transaction is obtained, from a given one of a plurality of billers, over a payment network having a standard clearing and settlement time period. Via the payment network, a special IOU approval authorization request response to the authorization request for the payment transaction is passed, indicating that the given one of the plurality of billers will be paid in connection with the payment transaction after expiration of a grace period from a time of the authorization request, regardless of whether funds are available for an account associated with the payment transaction. The grace period is longer than the standard clearing and settlement time period. The payment transaction is not settled until expiration of the grace period.
    Type: Grant
    Filed: July 1, 2015
    Date of Patent: April 14, 2020
    Assignee: MASTERCARD INTERNATIONAL INCORPORATION
    Inventors: Antonia Stroeh, John Doherty, Alexis Suberville, Holliday Haynes, Stephen Parento, Wayne Molitor, Peter J. Flor
  • Electronic incremental payments
    Patent number: 10535067
    Abstract: An authorization request for a payment transaction is obtained, from a given one of a plurality of billers, over a payment network having a standard clearing and settlement time period. Via the payment network, a special incremental payments approval authorization request response to the authorization request for the payment transaction is passed, indicating that the given one of the plurality of billers will be paid in connection with the payment transaction in a plurality of incremental payments made in time increments over a selected time period following the authorization request, optionally regardless of whether funds are available for an account associated with the payment transaction. The selected time period is longer than the standard clearing and settlement time period. The payment transaction is not settled until expiration of the selected time period.
    Type: Grant
    Filed: July 1, 2015
    Date of Patent: January 14, 2020
    Assignee: MASTERCARD INTERNATIONAL INCORPORATED
    Inventors: Antonia Stroeh, John Doherty, Alexis Suberville, Holliday Haynes, Stephen Parento, Wayne Molitor, Peter J. Flor
  • ELECTRONIC INCREMENTAL PAYMENTS
    Publication number: 20170004498
    Abstract: An authorization request for a payment transaction is obtained, from a given one of a plurality of billers, over a payment network having a standard clearing and settlement time period. Via the payment network, a special incremental payments approval authorization request response to the authorization request for the payment transaction is passed, indicating that the given one of the plurality of billers will be paid in connection with the payment transaction in a plurality of incremental payments made in time increments over a selected time period following the authorization request, optionally regardless of whether funds are available for an account associated with the payment transaction. The selected time period is longer than the standard clearing and settlement time period. The payment transaction is not settled until expiration of the selected time period.
    Type: Application
    Filed: July 1, 2015
    Publication date: January 5, 2017
    Inventors: Antonia Stroeh, John Doherty, Alexis Suberville, Holliday Haynes, Stephen Parento, Wayne Molitor, Peter J. Flor
  • ELECTRONIC GRACE PERIOD BILLING
    Publication number: 20170004467
    Abstract: An authorization request for a payment transaction is obtained, from a given one of a plurality of billers, over a payment network having a standard clearing and settlement time period. Via the payment network, a special IOU approval authorization request response to the authorization request for the payment transaction is passed, indicating that the given one of the plurality of billers will be paid in connection with the payment transaction after expiration of a grace period from a time of the authorization request, regardless of whether funds are available for an account associated with the payment transaction. The grace period is longer than the standard clearing and settlement time period. The payment transaction is not settled until expiration of the grace period.
    Type: Application
    Filed: July 1, 2015
    Publication date: January 5, 2017
    Inventors: Antonia Stroeh, John Doherty, Alexis Suberville, Holliday Haynes, Stephen Parento, Wayne Molitor, Peter J. Flor