David Anthony Phelps

Title: David Anthony Phelps: Innovator in Transaction Management and Control Systems

Introduction

David Anthony Phelps is a notable inventor based in San Antonio, TX (US). He has made significant contributions to the fields of transaction management and control systems, holding a total of 5 patents. His innovative work focuses on enhancing the efficiency and effectiveness of various processes through advanced technology.

Latest Patents

One of Phelps' latest patents is titled "Systems and methods for managing the configuration and execution of executable controls." This patent describes a control execution management system that allows organizations to configure executable controls related to internal and external processes. The system maintains configuration and execution data, potentially utilizing a distributed ledger, such as a blockchain network. This continuous monitoring ensures that organizations have up-to-date information regarding how these controls impact their processes, which can be crucial for compliance with regulatory agencies and stakeholders.

Another significant patent is "Transaction pre-negotiation and optimization." This invention introduces an integrated transaction platform that facilitates purchases, such as vehicles, by providing a pre-negotiated purchase price. The platform employs a reverse auction process where sellers bid to sell an item to a buyer. Once the buyer identifies an item, sellers are notified to submit bids, and the lowest bid is selected to finalize the purchase agreement. This approach significantly reduces friction in the purchasing process, making it more efficient for buyers.

Career Highlights

David Anthony Phelps is currently employed at the United Services Automobile Association (USAA), where he continues to innovate and develop new solutions. His work at USAA reflects his commitment to improving transaction processes and control systems, contributing to the organization's mission of serving its members effectively.

Collaborations

Phelps has collaborated with several professionals in his field, including Brian Thomas Latronico and Teresa A Mays. These collaborations have likely enriched his work and contributed to the development of his innovative patents.

Conclusion

David Anthony Phelps is a distinguished inventor whose work in transaction management and control systems has made a significant impact. His patents demonstrate a commitment to enhancing efficiency and effectiveness in various processes, showcasing his innovative spirit and dedication to advancing technology.