James Howard Ballagh

Title: Innovations by James Howard Ballagh in Financial Transactions

Introduction

James Howard Ballagh is a notable inventor based in Virginia Beach, VA, with a focus on innovations in the realm of financial transactions. With a total of two patents to his name, his contributions have significantly impacted how financial transactions are processed in modern digital environments.

Latest Patents

The latest patents developed by James Howard Ballagh revolve around a sophisticated system and method for performing financial transactions on a network. One embodiment outlines a computer-implemented method that involves storing a range of risk factors and their associated severities within a web-enabled remote policy database. This database defines the actions taken when specific risk factors are detected.

In addition, the patent details the storage of various hold override policies that link a financial transaction type with a corresponding hold type in the policy database. The system is capable of receiving transaction data, including an image of a check, applying the risk factors to the transaction data, and executing hold override policies accordingly. A web-enabled user interface enables users to review and approve or disapprove the handling of exceptions to the risk factors, severities, and hold override policies in real-time or near-real-time.

Career Highlights

James Howard Ballagh is currently associated with Ensenta Corporation, a company recognized for its innovative solutions in the financial technology sector. His role and contributions to the company underline the importance of intellectual property in fostering innovation within this rapidly evolving industry.

Collaborations

Throughout his career, James has collaborated with distinguished colleagues such as Edward John Viera and Emerson Ward Swan, II. These partnerships have facilitated knowledge sharing and contributed to the development of groundbreaking technologies that enhance financial transaction processes.

Conclusion

James Howard Ballagh's contributions to financial transaction methodologies are evident through his patents that tackle the challenges of risk assessment and transaction processing. His work at Ensenta Corporation and collaborations with notable professionals underscore his significant role in driving innovation within the financial technology landscape. As the demand for efficient and secure financial transactions continues to grow, James's inventions stand at the forefront of industry advancements.