Company Filing History:
Years Active: 2019-2020
Title: Innovations by John Doherty
Introduction
John Doherty is an accomplished inventor based in Brooklyn, NY. He has made significant contributions to the field of payment processing through his innovative patents. With a total of 3 patents, Doherty has focused on enhancing the efficiency and flexibility of payment transactions.
Latest Patents
Doherty's latest patents include groundbreaking technologies that improve the payment experience. One of his notable inventions is the "Electronic Grace Period Billing." This patent describes a method where an authorization request for a payment transaction is obtained from a biller over a payment network. It allows for a grace period during which the payment can be processed, even if funds are not immediately available. The grace period extends beyond the standard clearing and settlement time, providing users with more flexibility.
Another significant patent is the "Electronic Incremental Payments." This invention allows for payment transactions to be settled in a series of incremental payments over a selected time period. Similar to his grace period billing, this method can be executed regardless of the availability of funds in the associated account. This innovation also extends beyond the standard clearing and settlement time, offering a more manageable payment solution for users.
Career Highlights
Doherty is currently employed at Mastercard International Incorporated, where he continues to develop innovative payment solutions. His work has been instrumental in shaping modern payment processing technologies.
Collaborations
Throughout his career, Doherty has collaborated with talented professionals, including Antonia Stroeh and Alexis Suberville. These partnerships have contributed to the successful development of his patents and innovations.
Conclusion
John Doherty's contributions to payment processing through his patents demonstrate his commitment to innovation in the financial technology sector. His work continues to influence how transactions are processed, making them more efficient and user-friendly.