Patents by Inventor William MacPhail

William MacPhail 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).

  • Mobile device point of sale transaction system
    Publication number: 20120078751
    Abstract: A system and method for a more convenient and secure purchase transaction system using a mobile device associated with a user and a COIN financial instrument that is used as a payment instrument between the user and the merchant. The user and the merchant each sign up with the COINS payment transaction system to transmit and use the COIN to transfer a financial payment from an account the user has established with the COIN system to the account of the merchant. The COIN financial instrument is a one-time use financial construct that includes two or more validation and authentication data points, and that is renewed after each transaction with a new, never used COIN financial instrument.
    Type: Application
    Filed: September 23, 2011
    Publication date: March 29, 2012
    Inventors: William MacPhail, James L. Russ