Karen R Ehemann

Title: Innovations by Karen R Ehemann

Introduction

Karen R Ehemann is an accomplished inventor based in Newark, DE (US). She has made significant contributions to the field of financial services through her innovative patents. With a total of 3 patents, her work focuses on enhancing user experience in account management.

Latest Patents

One of her latest patents is titled "System and method for establishing or modifying an account with user selectable terms." This invention relates to methods that allow account holders to easily customize the terms of various accounts, such as loan accounts, asset accounts, mortgage accounts, insurance accounts, or brokerage accounts. The exemplary embodiments of this invention enable users to specify preferred terms, including cost, rewards programs, card design, affiliates, credit line, and payment due date. The financial service provider, such as a bank, can make these terms easily accessible through an internet website or an automated phone system, allowing users to specify their preferences effortlessly. The customization methods can be applied to both new account openings and existing account modifications, dynamically updating available terms as users make selections.

Another patent by Ehemann also focuses on techniques for administering accounts with financial institutions. This invention allows account holders to execute purchase transactions while associating rewards information with affiliates based on account usage. Compensation for affiliates can also be calculated based on these transactions, enhancing the overall functionality of financial accounts.

Career Highlights

Karen R Ehemann is currently employed at JPMorgan Chase Bank, N.A., where she continues to innovate in the financial services sector. Her work has significantly impacted how users interact with their financial accounts, making the process more user-friendly and customizable.

Collaborations

Throughout her career, Ehemann has collaborated with notable colleagues, including Mary Carter Warren and Donna M Barrett. These collaborations have likely contributed to her innovative approach and the successful development of her patents.

Conclusion

Karen R Ehemann's contributions to the field of financial services through her patents demonstrate her commitment to innovation and user experience. Her work continues to influence how financial institutions interact with their customers, paving the way for more personalized financial solutions.