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For the Inventor, By the Inventor

New York, NY, United States of America

Mark Churchill Monaco

This inventor holds 7 USPTO granted patents and 3 published patent applications. Top assignee: Bank of America Corporation. Active years: 2021-2022.

IDiyas Innovation Intelligence. (2026). Inventor Profile: Mark Churchill Monaco. Retrieved from https://idiyas.com/inventor/mark-churchill-monaco

Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile

USPTO Granted Patents = 7 

% Patents Active = 100.0

Average Co-Inventor Count = 4.0

ph-index = 1


Company Filing History:

goldMedal7 out of 6,611 
 
Bank of America Corporation
 patents

Years Active: 2021-2022

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7 patents (USPTO):Explore Patents
1. 11238483 - Linking an advantage communication system to a pre-existing product (2022-02-01),
2. 11080743 - Alternative processing network for custom rewards transactions (2021-08-03),
3. 11049130 - Integrating custom benefits into an in-use communication transmission exchange (2021-06-29),
4. 11004103 - Custom rewards protocol and system architecture (2021-05-11),
5. 10990998 - POS terminal(s) with free form rewards architecture (2021-04-27),
6. 10984437 - Linking an advantage communication system to a pre-existing product (2021-04-20),
7. 10937050 - Point-of-sale ('POS') system integrating merchant-based rewards (2021-03-02),

Title: **Mark Churchill Monaco: Innovating Payment Solutions in New York**

Introduction

Mark Churchill Monaco is an accomplished inventor based in New York, NY, known for his contributions to payment processing systems. With a total of seven patents to his name, his innovations focus on enhancing merchant point-of-sale (POS) systems. These advancements improve transaction efficiency and provide new reward program options for customers.

Latest Patents

Among Mark's recent innovations, he has developed a linking advantage communication system to a pre-existing product. This system architecture for a merchant point-of-sale includes a POS terminal featuring a receiver, virtual display, and transmitter, integrated with a transaction processing network. The architecture enables the handling of payment authorization requests and presents selectable options for users, including the activation of merchant-funded rewards programs.

Another significant patent involves an alternative processing network facilitating custom rewards transactions at POS. This allows customers to opt into merchant-funded rewards programs, which can streamline payment processing and potentially reduce transaction fees for merchants compared to conventional issuer-bank funded systems.

Career Highlights

Mark works for Bank of America Corporation, where he leverages his innovative mindset to improve financial technology solutions. His expertise in payment systems has solidified his reputation as a key player in the industry, contributing to the efficiency of transactions and enhancing the customer experience.

Collaborations

Throughout his career, Mark has collaborated with notable coworkers such as Tony England and Matthew D Murphy. Their joint efforts contribute to innovative solutions within the financial sector, showcasing the impact of teamwork in advancing technology.

Conclusion

Mark Churchill Monaco continues to be a pivotal figure in the evolution of payment processing. His inventions not only enhance the functionality of POS systems but also pave the way for future innovations in financial technology. As he builds upon his existing patents, the potential for further advancements in transaction processing remains promising.

Profile summary based on public USPTO records.
Data Sources: USPTO Patent Grant XML, Patent Center, EPO & CIPO • Normalized by IDiyas Innovation Graph. Methodology & provenance architecturePlease report any incorrect information to [email protected]
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