US Patent Issued to FINTIV on July 1 for "Monetary transaction system" (Florida, Texas Inventors)

ALEXANDRIA, Va., July 3 -- United States Patent no. 12,346,886, issued on July 1, was assigned to FINTIV Inc. (Austin, Texas).

"Monetary transaction system" was invented by Michael A. Liberty (Orlando, Fla.) and Felipe Fernandes (Austin, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "Embodiments are directed to monetary transaction system for conducting monetary transactions between transaction system subscribers and other entities. In one scenario, the monetary transaction system includes a mobile device that runs a monetary transaction system application. The monetary transaction system also includes a subscriber that has a profile with the system. The subscriber indicates a transaction that is to be...