Company Filing History:
Years Active: 2008
Title: Innovations by John K McDonough
Introduction
John K McDonough is an accomplished inventor based in Boca Raton, FL (US). He has made significant contributions to the field of technology, particularly in the area of fraud detection. His innovative work has led to the development of a patent that addresses critical issues in the use of stored-value instruments.
Latest Patents
John K McDonough holds a patent for a "System and method for detecting fraudulent use of stored value instruments." This invention is directed towards systems and methods that detect unauthorized or fraudulent use of stored-value instruments. A stored-value instrument can be any tangible or intangible instrument associated with a debit account, which may be used for payment for goods and services or for transferring money. The invention involves processing request activity through a predetermined rule set to determine whether the activity is potentially unauthorized or fraudulent. It allows for real-time monitoring of request activity, enhancing security in financial transactions.
Career Highlights
John K McDonough is associated with First Data Corporation, where he has contributed to various projects and innovations. His work has been instrumental in advancing the company's capabilities in fraud detection and financial security.
Collaborations
Some of his notable coworkers include Kenneth E Jennings, Jr. and Peter A Pridgeon. Their collaboration has likely contributed to the success of various projects within the company.
Conclusion
John K McDonough's innovative work in detecting fraudulent use of stored-value instruments showcases his expertise and commitment to enhancing financial security. His contributions continue to impact the industry positively.