This inventor holds 1 USPTO granted patent. Top assignee: Paypal, Inc.. Active years: 2017.
Company Filing History:
Years Active: 2017
Title: Chris Richman: Innovator in Electronic Fund Transfer Systems
Introduction
Chris Richman is a notable inventor based in Palo Alto, CA (US). He has made significant contributions to the field of electronic fund transfers, particularly through his innovative patent that enhances the availability of funds during transactions.
Latest Patents
Richman's most recent patent is titled "Instant availability of electronically transferred funds." This invention provides a system and method for making funds of a transaction available to a user before a funding entry clears. The system is designed to facilitate payments or fund transfers from users. In this patent, a transaction request from a user is received, and a risk score indicating the perceived risk involved with releasing funds before the funding entry clears is computed. If the risk score exceeds a transfer threshold, the funds of the transaction are released prior to the funding entry clearing a financial institution.
Career Highlights
Chris Richman is currently employed at PayPal, Inc., where he continues to work on innovative solutions in the financial technology sector. His expertise in electronic transactions has positioned him as a valuable asset in the industry.
Collaborations
Richman collaborates with talented individuals such as Kyle Hansen and Denise Aptekar, who contribute to the innovative environment at PayPal.
Conclusion
Chris Richman's work in electronic fund transfer systems exemplifies the impact of innovation in financial technology. His patent not only enhances user experience but also addresses the complexities of transaction security.