David M Jacobs

Title: David M Jacobs: Innovator in Financial Technology

Introduction

David M Jacobs is a notable inventor based in Wayne, NJ (US), recognized for his contributions to financial technology. With a total of 2 patents, Jacobs has developed innovative systems that enhance the security and efficiency of financial transactions over the Internet.

Latest Patents

Jacobs' latest patents include a "System and method for web trading" and a "Method and system for performing automated financial transactions." The web trading system allows users to perform secure financial transactions through a web browser, utilizing a secure communication protocol between the user interface and a financial institution's virtual private network (VPN). This invention ensures that transactions such as foreign currency exchanges and money market trades are conducted securely, incorporating features like encryption and authentication.

The automated financial transaction system enables customers to engage in real-time trading of foreign currencies. By inputting transaction details, customers receive immediate offers based on market conditions. This system not only streamlines the trading process but also protects banks from liability by automatically updating offers if customers take too long to respond.

Career Highlights

Throughout his career, Jacobs has worked with prominent companies such as Crossmar, Inc. and Citibank, N.A. His experience in these organizations has contributed to his expertise in developing innovative financial solutions.

Collaborations

Jacobs has collaborated with notable professionals in the field, including Neil D Potter and Bohdan Chomut. These partnerships have likely influenced his work and the development of his patents.

Conclusion

David M Jacobs stands out as an inventor who has significantly impacted the financial technology landscape through his innovative patents. His work continues to shape the way financial transactions are conducted securely over the Internet.