Company Filing History:
Years Active: 2009-2013
Title: Innovations by Lawrence Stanton Hoffman
Introduction
Lawrence Stanton Hoffman is an accomplished inventor based in Scottsdale, AZ. He holds a total of four patents, showcasing his innovative contributions to the field of financial technology. His work primarily focuses on systems that enhance the management of credit and cash transactions.
Latest Patents
One of his latest patents is a system and method for transferring a line of credit balance to a cash account. This invention provides an automated system designed to facilitate the transfer of cash value from one or more lines of credit to various deposit accounts or payment systems. The system ensures that requested funds are available in a customer's lines of credit and electronically deposits these funds into designated accounts. It also allows customers to manage their lines of credit, set up transfer transactions, define rules for transfers, and view their transactional history. The automated system connects with the lending organization's backend systems to authenticate customer identities and credit accounts, ensuring that the requested funds are available for transfer.
Career Highlights
Lawrence Stanton Hoffman is associated with American Express Travel Related Services Company, Inc., where he applies his expertise in financial systems. His innovative work has significantly contributed to the efficiency of financial transactions and customer management in the banking sector.
Collaborations
Some of his notable coworkers include Thomas C Baker and Diane Derocher, who have collaborated with him on various projects within the company.
Conclusion
Lawrence Stanton Hoffman is a notable inventor whose work in financial technology has led to significant advancements in the management of credit and cash transactions. His contributions continue to impact the industry positively.