Company Filing History:
Years Active: 2007-2018
Title: Inventor Spotlight: Billy Joe Steiger
Introduction
Billy Joe Steiger is an innovative inventor based in Ovilla, Texas, recognized for his significant contributions to secure financial transactions. With a total of nine patents to his name, his work primarily focuses on enhancing the safety and security of money transfer systems.
Latest Patents
Steiger's latest invention centers around verification methods for fraud prevention in money transfer receive transactions. This advanced computer system is designed to thwart fraudulent activities during money transfer operations. In his patented method, when a sender initiates a transaction, they select security inputs that must be supplied by the receiver for redemption. These selected inputs are securely stored on a server. Upon receiving a request from the receiver, the system prompts for the same security inputs to ensure authenticity. The transaction will only proceed if the received inputs are verified as accurate, enabling the authorized release of funds while safeguarding against fraud.
Career Highlights
Currently, Billy Joe Steiger is associated with MoneyGram International, Inc., a prominent player in the financial services sector. His role enables him to apply his inventive spirit toward developing cutting-edge solutions that enhance security in money transfers. Steiger's expertise in this area has significantly contributed to the integrity and reliability of financial transactions.
Collaborations
Throughout his career, Steiger has collaborated with notable colleagues, including James M. Henry and Shannon Lee Bennett. These partnerships highlight the importance of teamwork in the innovation process, driving the advancement of technologies that cater to secure financial operations.
Conclusion
Billy Joe Steiger stands out as a dedicated inventor whose work plays a crucial role in shaping the future of secure money transfer systems. His nine patents, particularly in fraud prevention, underscore his commitment to enhancing transaction safety. As the landscape of financial technology continues to evolve, innovators like Steiger are essential to build trust and security in money transfer systems.