Patents by Inventor Stephen Monaghan

Stephen Monaghan 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).

  • Publication number: 20040030645
    Abstract: A method for performing a transaction to enable a consumer to purchase a good or service from a merchant, the method including the steps of the consumer providing identification to the merchant, the merchant forwarding purchase details to a processing means verifying the consumer details and forwarding the purchase details to a first financial institution, the consumer having an account with the first financial institution, the first financial institution verifies the consumer details and forwards a message to the consumer requesting authentication of the transaction, the consumer replies to the first financial institution authenticating the transaction, the first financial institution forwards a message to the processing means authorising the transaction and arranges transfer of funds to a second financial institution, the merchant having an account with the second financial institution and the processing means advising the merchant that the transaction is authorised, as shown in FIG. 2.
    Type: Application
    Filed: June 24, 2003
    Publication date: February 12, 2004
    Inventor: Stephen Monaghan