This inventor holds 1 USPTO granted patent. Top assignee: United Services Automobile Association (Usaa). Active years: 2014.
Company Filing History:
Years Active: 2014
Title: John Richard Camacho: Innovator in Self-Service Financial Solutions
Introduction
John Richard Camacho is a notable inventor based in Helotes, Texas. He has made significant contributions to the field of financial technology, particularly in the area of self-service mutual fund and IRA distributions. His innovative approach aims to simplify the process for participants managing their tax-deferred accounts.
Latest Patents
Camacho holds a patent for "Systems and methods for administering self-service mutual fund and IRA distributions to participants." This patent describes a self-service distribution system that allows users to request withdrawals from their individual retirement accounts (IRAs). The system retrieves essential information about the participant's age and account type, ensuring compliance with relevant rules and regulations. It features a series of user interfaces that guide participants through the process, presenting important information and warnings regarding tax consequences. Participants can specify the frequency, amount, and timing of their distributions, and a verification page allows them to confirm their information before submission. Upon completion, a confirmation is provided to the user.
Career Highlights
Camacho is currently employed at the United Services Automobile Association (USAA), where he continues to develop innovative solutions for financial services. His work focuses on enhancing user experience and ensuring compliance with financial regulations.
Collaborations
Some of Camacho's coworkers include Donna Ray Molinar and Dennis Michael Berry, Jr. Their collaborative efforts contribute to the advancement of financial technology within their organization.
Conclusion
John Richard Camacho is a pioneering inventor whose work in self-service financial solutions has the potential to transform how individuals manage their retirement accounts. His innovative patent reflects a commitment to improving user experience and compliance in financial transactions.