Edmond Eger

Title: Innovations by Edmond Eger in Transaction Card Management

Introduction

Edmond Eger is an accomplished inventor based in Rye, NY (US), known for his contributions to the field of financial technology. He holds two patents that focus on methods and systems for managing transaction card accounts. His innovative approaches aim to enhance customer experience and streamline financial transactions.

Latest Patents

Eger's latest patents revolve around a method and system for managing transaction card accounts. This invention involves providing customers with a transaction card account by a financial institution, allowing them to charge predetermined types of transactions during specific account statement periods. At the end of each period, a statement of charges is sent to the customer, specifying a due date. If the statement is not paid by the due date, a predefined late fee is assessed. However, this late fee can be automatically waived if the customer makes a purchase or secures a cash advance during the statement period. Additionally, the system includes a voice response unit that allows customers to opt out of scripted calls and speak directly to a live representative at any time during the call.

Career Highlights

Edmond Eger is currently employed at Citicorp Credit Services, Inc., where he continues to develop innovative solutions in the financial sector. His work has significantly impacted how transaction card accounts are managed, providing both convenience and flexibility for customers.

Collaborations

Eger collaborates with his coworker, Glennon Franklin, to further enhance the innovations in their field. Their teamwork contributes to the development of effective financial solutions that benefit consumers.

Conclusion

Edmond Eger's contributions to transaction card management demonstrate his commitment to innovation in the financial industry. His patents reflect a deep understanding of customer needs and a desire to improve financial services.