Monkeetech, LLC, which obtained a provisional patent for the use of iris scan technology for authentication and identification in point-of-sale; mobile and internet payment transactions; as well as ATMâ€™s and bank wire transfer transactions, is now moving to convert those provisional patents to non-provisional utility patents.
September 04, 2013
â€œMonkeetech, LLC is rapidly moving to convert the provisional patents obtained for its patent pending â€˜EyeWatchâ€˜ System to full non-provisional utility patents,â€ announced Jeffrey N. Dinardo, Jr. CEO of Monkeetech.
â€œOur â€˜EyeWatchâ€™ System utilizes iris scan technology to identify and authenticate users in point-of-sale, mobile, and internet payment transactions. We are also developing platforms for use in ATM and bank wire transfer transactions,â€ stated Mr. Dinardo. â€œTaken as a whole, the EyeWatch System has the potential to seriously curtail bank and credit card fraud and we are very excited over the initial reception we have received.â€
Monkeetech is now moving to convert the provisional patent status of their EyeWatch System to a full non-provisional utility patent and anticipates the completion of the filing with the USPTO within the next few weeks. â€œWe know now that the EyeWatch system works across the full platform of transactions and so conversion to a non-provisional patent is the next logical step for Monkeetech,â€ comments Kenneth Carnesi, a Director and Chief Adviser to Monkeetech, LLC.
â€œTaken as a whole, the EyeWatch System has the potential to seriously curtail bank and credit card fraud and we are very excited over the initial reception we have received. â€“ Jeffery N. Dinardo Jr. CEO, Monkeetech LLC â€
Monkeetech will be attending the Finovate Fall Conference in New York City on September 10 & 11th, 2013 and will be available to answer questions concerning the EyeWatch System and the future of Monkeetech, LLC.