Company Filing History:
Years Active: 2007
Title: Avner Gelb: Innovator in Credit Authorization Systems
Introduction
Avner Gelb is a notable inventor based in Brooklyn, NY, recognized for his contributions to the field of credit authorization systems. With a focus on enhancing transaction security and efficiency, Gelb has developed innovative solutions that benefit financial exchanges.
Latest Patents
Gelb holds a patent for a "Method and system for credit authorization in a member exchange." This invention allows an exchange member to establish a threshold credit value for transactions initiated by non-member institutions. The system utilizes a credit authorization service that acts as a surrogate for exchange members, ensuring that transactions are evaluated against pre-established thresholds. If a transaction exceeds the threshold, the system notifies the relevant parties, thereby enhancing transaction security.
Career Highlights
Avner Gelb has made significant strides in his career, particularly through his work at the New York Stock Exchange. His innovative approach to credit authorization has positioned him as a key figure in the financial technology sector. Gelb's patent reflects his commitment to improving transaction processes and safeguarding financial exchanges.
Collaborations
Throughout his career, Gelb has collaborated with esteemed colleagues, including Catherine R. Kinney and Ann E. Fitzgibbons. These partnerships have contributed to the development of effective solutions within the financial industry.
Conclusion
Avner Gelb's work in credit authorization systems exemplifies the impact of innovation in the financial sector. His patent and career achievements highlight his dedication to enhancing transaction security and efficiency.