Levi Y Orbach

Title: The Innovative Mind of Levi Y Orbach

Introduction

Levi Y Orbach is a notable inventor based in Forest Hills, NY (US). He has made significant contributions to the field of online transactional services, particularly through his innovative patents. With a total of 2 patents, Orbach has demonstrated a keen understanding of financial systems and risk management.

Latest Patents

Orbach's latest patents focus on a system and method for risk-based purchasing of goods. This system enables online transactional services among sellers and buyers who have no previous relationship with each other. The financial clearinghouse included in the system receives requests for goods or services from buyers and makes real-time determinations of their risk classifications using an online repository of credit information. The clearinghouse then determines a risk-based discount fee based on the buyer's risk classification, establishing a payment amount to the seller. If the transaction is authorized, the clearinghouse transmits the payment to the seller and an invoice to the buyer for the purchase price. This innovative approach streamlines the purchasing process and enhances security for both parties involved.

Career Highlights

Levi Y Orbach is currently employed at Citibank, N.A., where he applies his expertise in financial systems and risk assessment. His work at Citibank has allowed him to further develop his innovative ideas and contribute to advancements in online transaction security.

Collaborations

Orbach has collaborated with notable coworkers such as Maria M Mandler and Ann P McLaughlin. Their combined efforts in the field of financial technology have fostered an environment of innovation and creativity.

Conclusion

Levi Y Orbach is a distinguished inventor whose work in risk-based purchasing systems has the potential to revolutionize online transactions. His contributions to Citibank and the broader financial technology landscape highlight his commitment to innovation and excellence.