This inventor holds 2 USPTO granted patents and 1 published patent application. Top assignee: The Clearing House Payments Company LLC. Active years: 2014-2019.
Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile
Company Filing History:
Years Active: 2014-2019
Title: Innovations by James W. Reilingh
Introduction
James W. Reilingh is an accomplished inventor based in Pleasantville, NY (US). He has made significant contributions to the field of payment systems, holding two patents that enhance the efficiency of financial transactions. His work focuses on the continuous intraday final settlement of payment orders, which is crucial for modern banking and financial operations.
Latest Patents
James W. Reilingh's latest patents include a system and method for intraday netting payment finality with supplemental funding. This innovative system allows for continuous intraday final settlement of payment orders among multiple participants. Each participant is equipped with facilities to electronically send and receive payment orders in the form of payment messages. The system stores primary positions, which correspond to balances in a prefunded balance account, as well as supplemental positions. Payment messages are received from sending participants, and a selected payment message is released based on specific conditions regarding the participants' supplemental positions. This ensures that transactions are processed efficiently and securely.
Career Highlights
James W. Reilingh has built a notable career at The Clearing House Payments Company LLC. His expertise in payment systems has positioned him as a key player in the development of innovative financial solutions. His contributions have been instrumental in advancing the technology used in payment processing.
Collaborations
James has collaborated with several professionals in his field, including Joseph S. Pawelczyk and Robert M. Cotton. These collaborations have fostered a productive environment for innovation and have led to the successful development of his patented technologies.
Conclusion
James W. Reilingh is a prominent inventor whose work in payment systems has significantly impacted the financial industry. His patents reflect a commitment to improving transaction efficiency and security. His contributions continue to shape the future of payment processing.
Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile