Carl Alexander Wescott

Title: Innovations of Carl Alexander Wescott

Introduction

Carl Alexander Wescott is an accomplished inventor based in Mill Valley, CA (US). He is known for his innovative contributions to electronic commerce, particularly in the area of fee processing. His work has significantly impacted how transactions are managed in the digital marketplace.

Latest Patents

Wescott holds a patent for a system titled "Computer-based fee processing for electronic commerce." This invention involves processing fees due from transactions in electronic commerce by building a transaction information database with transaction event objects based on events in each transaction. The system retrieves fee rules from a fee rule database and determines if the fee rule applies to the transaction event object. If applicable, the system calculates the fee based on the fee rule and the transaction information. A fee object for a recipient entity is then created and stored in a payment database. The invention also includes an accumulating step that sums the payments for a recipient entity from the fee objects in the payment database. This innovative approach utilizes both general and specific fee rules to ensure accurate fee calculations.

Career Highlights

Wescott has made significant strides in his career, working with Sun Microsystems, Inc., a leading technology company. His expertise in electronic commerce and fee processing has positioned him as a valuable asset in the tech industry.

Collaborations

Wescott has collaborated with Lynn Michael Maritzen, contributing to the development of innovative solutions in their field. Their partnership has fostered advancements in technology and electronic commerce.

Conclusion

Carl Alexander Wescott's contributions to electronic commerce through his patent on fee processing demonstrate his innovative spirit and technical expertise. His work continues to influence the way transactions are handled in the digital age.