Kim C Hosmer

Title: Kim C Hosmer: Innovator in Online Money Transfer Authentication

Introduction

Kim C Hosmer is an accomplished inventor based in Castle Rock, CO (US). He is known for his innovative contributions to the field of online money transfers. With a focus on enhancing security and efficiency, Hosmer has developed a unique method for processing transactions that bridge online and in-person payments.

Latest Patents

Hosmer holds a patent for "Authentication for online money transfers." This invention outlines a method for processing transactions initiated by a payor online, while allowing the payee to receive payment in person. The process involves accepting payor information at a location that is connected via a wide area network. Transaction details, including the amount and payee identifier, are collected alongside payment source information linked to the payor's account. A risk assessment is conducted to evaluate the likelihood of successful transaction completion. If the risk is deemed excessive, manual validation of the payment source information is performed to mitigate potential issues. The money handler is billed for the transaction amount, and historical transaction data is stored for future reference.

Career Highlights

Kim C Hosmer is currently employed at The Western Union Company, where he continues to innovate in the financial technology sector. His work focuses on improving the security and reliability of online transactions, making them safer for users.

Collaborations

Throughout his career, Hosmer has collaborated with notable colleagues, including Scott C Hansen and Kirsten S Fry-Sanchez. These partnerships have contributed to the development of effective solutions in the realm of online money transfers.

Conclusion

Kim C Hosmer's contributions to the field of online money transfer authentication highlight his commitment to innovation and security. His patent serves as a testament to his expertise and dedication to improving financial transactions.