Company Filing History:
Years Active: 2019
Title: John Michael Prince: Innovator in Electronic Payment Solutions
Introduction
John Michael Prince is a notable inventor based in Chicago, IL (US). He has made significant contributions to the field of electronic payment systems. His innovative approach has led to the development of a unique method for facilitating settlement of claim payments between payers and providers.
Latest Patents
John Michael Prince holds a patent for a "Method and system for providing bundled electronic payment and remittance advice." This invention relates to a method and system for transmitting bundled electronic payment and remittance advice. It aims to facilitate the settlement of claim payments between payers, such as insurance companies, and providers, including doctors and hospitals. The method involves receiving an electronic transmission from the payer, separating payment information from remittance advice, routing the payment information to a depository associated with the provider, and confirming the payment and transmission of remittance advice to both the payer and the provider. He has 1 patent to his name.
Career Highlights
John Michael Prince is currently employed at JPMorgan Chase Bank, N.A. His role at the bank allows him to apply his innovative ideas in the financial sector. His work focuses on improving electronic payment systems, which are crucial for efficient financial transactions.
Collaborations
Some of his coworkers include David Adam Josephs and Stuart Mitchell Hanson. Their collaboration contributes to the innovative environment at JPMorgan Chase Bank, N.A.
Conclusion
John Michael Prince is a distinguished inventor whose work in electronic payment solutions has made a significant impact in the industry. His patent demonstrates his commitment to enhancing the efficiency of financial transactions.