Company Filing History:
Years Active: 2006
Title: John Henry Godfrey: Innovator in Online Sales Risk Management
Introduction
John Henry Godfrey is a notable inventor based in New York, NY (US). He has made significant contributions to the field of online transaction security through his innovative patent. His work focuses on enhancing risk management for online sales, which is increasingly vital in today's digital economy.
Latest Patents
John Henry Godfrey holds a patent for an "Online sales risk management system." This invention is a computer-implemented method designed to provide risk management for online transactions. The system allows for the entry of an exchange price for foreign currency relative to a base currency into a host computer. The host computer receives data describing transactions involving the foreign currency that occurred within a predetermined time period, including transaction amounts. The invention calculates risk exposure based on the aggregate amount of currency involved in these transactions, utilizing market data related to the price of the foreign currency. This system can automatically exchange currency at the entered price for local currency, facilitating various types of transactions, including e-commerce sales, retail transactions, and online auctions.
Career Highlights
John Henry Godfrey is associated with Goldman Sachs & Company, where he applies his expertise in financial technology and risk management. His innovative approach to online sales risk management reflects his commitment to improving transaction security in the digital marketplace.
Collaborations
John has worked alongside notable colleagues such as Robert S Mancini and Daniel Rothman. Their collaboration has likely contributed to the development and refinement of innovative solutions in the financial sector.
Conclusion
John Henry Godfrey's contributions to online sales risk management demonstrate his innovative spirit and dedication to enhancing transaction security. His patent serves as a valuable tool for businesses navigating the complexities of online transactions.