Company Filing History:
Years Active: 1988
Title: The Innovative Mind of Eugene Savar
Introduction
Eugene Savar is a notable inventor based in Atco, NJ (US). He has made significant contributions to the field of financial technology through his innovative patent. His work focuses on enhancing the efficiency and security of financial transactions.
Latest Patents
Eugene Savar holds a patent for a financial transaction system. This system utilizes automated terminals in communication with a host computer. It is capable of accessing various institutionalized or private label credit/debit card databases, check verification databases, and automated clearing houses. The terminal can enter data identifying the credit/debit card or check number provided by the customer. It combines this with financial information supplied by the retail merchant to determine whether a proposed transaction should be accepted or rejected. The system also enables merchants to monitor and record financial transactions throughout the business day, facilitating prompt and accelerated payment.
Career Highlights
Eugene Savar is associated with Telenet Communications Corporation, where he applies his expertise in financial technology. His work has contributed to the development of systems that streamline financial processes for merchants and consumers alike.
Collaborations
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Conclusion
Eugene Savar's innovative contributions to financial technology demonstrate his commitment to improving transaction systems. His patent reflects a forward-thinking approach that benefits both merchants and consumers in the financial landscape.