Company Filing History:
Years Active: 2021-2022
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.