Company Filing History:
Years Active: 2013-2021
Title: Innovator Spotlight: Hollis Baugh from Littleton, CO
Introduction
Hollis Baugh, an inventive mind based in Littleton, Colorado, has made significant contributions to the field of fraud risk assessment through his innovative patents. With a total of four patents to his name, Baugh's work focuses on improving the security of money transfer transactions.
Latest Patents
Baugh's most recent patents demonstrate his ability to develop cutting-edge systems for assessing fraud risk. Among these is a patented method that involves receiving data linked to various customer complaints, particularly regarding money-transfer transactions that did not proceed as expected. This method electronically stores relevant data in a complaint database and utilizes a risk processor to establish a fraud-risk index associated with each money-transfer agent. Furthermore, his patent on the risk analysis of money transfer transactions encompasses a comprehensive risk assessment and modeling system. This innovative system employs rules engines and historical transaction data to refine risk models over time, thereby reducing the potential for improper activities in the money transfer arena.
Career Highlights
Hollis Baugh currently contributes his expertise at The Western Union Company, a leader in the money transfer industry. His role involves enhancing systems that manage and assess risks within transactions, ensuring that the company maintains a secure environment for its customers.
Collaborations
Throughout his career, Baugh has collaborated with notable professionals, including Robert Enzaldo and Bryant Gofstein. Their collective efforts contribute to the advancement of money transfer security and innovation within the company.
Conclusion
Hollis Baugh stands out as a dedicated inventor whose innovative spirit and practical solutions are greatly enhancing the safety of financial transactions. His work at The Western Union Company and his remarkable patent contributions signify his commitment to improving fraud risk assessment, thus ensuring a more secure future for money transfers.