Company Filing History:
Years Active: 1998-2004
Title: Innovations by James E Nevens
Introduction
James E Nevens is an accomplished inventor based in Colleyville, TX (US). He has made significant contributions to the field of online transactional services, particularly in risk assessment and financial transactions. With a total of 2 patents, Nevens has developed innovative systems that enhance the efficiency and security of online purchases.
Latest Patents
One of Nevens' latest patents is a system and method for a risk-based purchase of goods. This invention enables online transactional services among sellers and buyers who have no previous relationship with each other. The system includes a financial clearinghouse that receives requests for goods or services from buyers and makes real-time determinations of the buyer's risk classification using an online repository of credit information. The financial clearinghouse determines a risk-based discount fee based on the buyer's risk classification to establish a payment amount to the seller. If the transaction is authorized, the clearinghouse transmits the payment amount to the seller and sends an invoice to the buyer for the purchase price. Additionally, the system can include a broker that provides online order acceptance and processing capabilities between buyers and sellers.
Career Highlights
James E Nevens is currently employed at Citibank, N.A., where he applies his expertise in financial technologies. His work focuses on developing systems that facilitate secure and efficient online transactions. Nevens' innovative approach has positioned him as a key player in the financial technology sector.
Collaborations
Throughout his career, Nevens has collaborated with notable colleagues, including Maria M Mandler and Ann P McLaughlin. These partnerships have contributed to the development of his innovative systems and have enhanced the overall impact of his work.
Conclusion
James E Nevens is a notable inventor whose work in online transactional services has led to significant advancements in risk assessment and financial transactions. His contributions continue to shape the future of secure online purchasing.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.