Elizabeth Pierce Varhus

Title: Innovations by Elizabeth Pierce Varhus

Introduction

Elizabeth Pierce Varhus is an accomplished inventor based in Wilmington, DE. She has made significant contributions to the field of point of sale transaction authorization. With a total of 2 patents, her work focuses on enhancing the security and efficiency of financial transactions.

Latest Patents

One of her notable patents is a method and system for determining point of sale authorization. This invention involves an automated computer-implemented method executed by a programmed computer processor. The system communicates with users via a communication network, receiving authorization requests for transactions from customers at merchants. It accesses profile data associated with customers and merchants, applies credit and fraud rules, and utilizes scoring algorithms to assess risk. Ultimately, it determines an authorization response based on a combination of profile data, applied rules, and scoring algorithms, providing the response through the communication network.

Career Highlights

Elizabeth currently works at JPMorgan Chase Bank, N.A., where she continues to innovate in the financial technology sector. Her expertise in transaction authorization systems has positioned her as a valuable asset in her field.

Collaborations

Throughout her career, Elizabeth has collaborated with notable colleagues, including Thomas C. Barton and Harold E. Paulson. These partnerships have contributed to her success and the advancement of her inventions.

Conclusion

Elizabeth Pierce Varhus exemplifies innovation in the realm of financial technology through her patents and contributions to point of sale transaction systems. Her work continues to influence the industry and enhance transaction security.