David Michael Packard

Title: David Michael Packard: Innovator in Payment Management Systems

Introduction

David Michael Packard is a notable inventor based in Kent, WA (US). He has made significant contributions to the field of payment management systems, holding a total of 3 patents. His work focuses on enhancing the efficiency and effectiveness of payment authorizations.

Latest Patents

One of his latest patents is titled "System and method for predictive payment authorizations." This invention includes a payment management system that receives information indicating a first transaction is to be initiated, specifying a first quantity of funds. The system can determine that an additional transaction for a respective quantity of funds is expected to be initiated within a given time period. Prior to the initiation of the additional transaction, the system generates a payment authorization request for a combined quantity of funds equal to at least the sum of the first quantity of funds and the respective quantity of funds of the additional transaction. After receiving information indicating that a payment authorization for the combined quantity of funds was issued, the system initiates settlement of both the first transaction and the additional transaction using the combined quantity of funds.

Another significant patent is "System and method for reusing payment authorizations." This invention includes a payment management system with an authorization reusability component. The system is designed to receive a payment authorization that indicates funds of an account associated with the customer have been reserved for a given transaction. It can assign the reserved funds to the transaction and subsequently reassign at least some of those reserved funds to one or more other transactions. The system is configured to initiate a settlement of the other transactions, including the reassigned reserved funds.

Career Highlights

David Michael Packard is currently employed at Amazon Technologies, Inc., where he continues to innovate in the payment management sector. His work has been instrumental in developing systems that streamline payment processes and enhance user experience.

Collaborations

Throughout his career, David has collaborated with talented individuals such as Rajesh Shanker Patel and Bryan Christopher Castillo. These collaborations have contributed to the advancement of his projects and the successful implementation of his inventions.

Conclusion

David Michael Packard is a prominent inventor whose work in payment management systems has led to significant advancements in the field. His innovative patents reflect his commitment to improving payment processes and enhancing user experiences.