Company Filing History:
Years Active: 2018-2022
Title: Brian Strom: Innovator in Contribution Funded Accounts
Introduction
Brian Strom is a notable inventor based in Baltimore, MD (US). He has made significant contributions to the field of financial technology, particularly in the management of contribution funded accounts. With a total of 3 patents, his work focuses on enhancing the efficiency and accessibility of financial systems.
Latest Patents
One of Brian's latest patents is titled "Reconciliation for enabling access to transferring contribution funded accounts." This invention discloses various system, method, and computer program product embodiments aimed at facilitating reconciliation processes necessary for accessing accelerated contribution funded accounts (CFAs). The embodiment operates by configuring a management database to store a linked CFA associated with a CFA and an asset-transfer on demand account (ATODA). The transfer processing system of a provider may receive a transfer file from an employer and delay transfer reconciliation of the linked CFA until a transferred amount is received. During this reconciliation, the system resolves the ATODA using the received transferred amount, ensuring that both bank and card accounts are reconciled with the linked CFA.
Another significant patent is "Flexible and prioritized multi-purse tables for multi-account benefit plan management and processing." This invention outlines system, method, and computer program product embodiments for configuring a multi-purse (MP) table that represents a benefit plan with multiple accounts and eligible services. The embodiment involves storing MP table configurations within a management database and selecting an appropriate configuration based on the plan offering for an employee. The management system then sends the MP configuration to a card vendor for processing claims.
Career Highlights
Brian Strom currently works at ConnectYourCare, LLC, where he applies his expertise in financial technology to develop innovative solutions. His work has significantly impacted the way contribution funded accounts are managed and accessed, making financial processes more efficient for users.
Collaborations
Some of Brian's coworkers include David M. Roberts and Melissa Stirling, who contribute to the collaborative environment at ConnectYourCare, LLC. Their combined efforts enhance the development of innovative financial solutions.
Conclusion
Brian Strom is a distinguished inventor whose work in contribution funded accounts has led to the development of valuable patents. His contributions continue to shape the financial technology landscape, making processes more accessible and efficient for users.