Company Filing History:
Years Active: 2012-2013
Title: Glenn R Sonsalla: Innovator in Financial Account Processing
Introduction
Glenn R Sonsalla is a notable inventor based in Brookfield, WI (US), recognized for his contributions to financial technology. He holds two patents that showcase his innovative approach to account processing systems. His work has significantly impacted how financial transactions are managed, providing greater flexibility for both customers and banking entities.
Latest Patents
One of Glenn's latest patents is titled "Multiple balance state account processing." This invention describes a computer-based system and method for processing financial accounts. Each account is defined by multiple daily account balance records. Each daily account balance record is characterized by a daily account balance record posting state, which defines the types of transactions that may be posted to the daily account record balance at any one time. The various daily account balance records defining a single account may have different daily account balance record posting states. This allows different types of transactions for different account days to be posted to the same account simultaneously. The resulting account processing system and method provides customers with greater flexibility in transferring money between accounts. It also offers banking entities enhanced flexibility in account processing timing, ultimately reducing operational costs.
Career Highlights
Glenn R Sonsalla is associated with Metavante Corporation, where he has contributed to the development of innovative financial solutions. His work in the field of financial technology has positioned him as a key player in enhancing banking operations and customer experience.
Collaborations
Glenn has collaborated with various professionals in his field, including his coworker James R Dempster. Their combined expertise has led to advancements in financial account processing technologies.
Conclusion
Glenn R Sonsalla's innovative contributions to financial technology, particularly through his patents, have made a significant impact on the industry. His work continues to influence how financial transactions are processed, providing benefits to both customers and banking institutions.