Company Filing History:
Years Active: 2012-2013
Title: Innovations by James R Dempster
Introduction
James R Dempster is an accomplished inventor based in Mequon, Wisconsin. He holds 2 patents that showcase his expertise in financial account processing systems. His innovative contributions have significantly impacted the banking industry.
Latest Patents
One of his latest patents is titled "Multiple balance state account processing." This invention is 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 greater flexibility in account processing timing and reduces operational costs.
Career Highlights
James R Dempster is associated with Metavante Corporation, where he has made significant contributions to financial technology. His work has been instrumental in developing systems that enhance the efficiency of banking operations.
Collaborations
One of his notable coworkers is Glenn R Sonsalla, with whom he has collaborated on various projects within the financial technology sector.
Conclusion
James R Dempster's innovative work in financial account processing has paved the way for advancements in banking technology. His patents reflect a commitment to improving the efficiency and flexibility of financial transactions.