Marjorie Engber

Title: Innovations by Marjorie Engber: Pioneering Online Transaction Systems

Introduction

Marjorie Engber, based in New York, NY, is a visionary inventor with a significant impact in the field of online transactional services. Throughout her career, she has been granted four patents, illustrating her commitment to innovation and technological advancement. Engber's work focuses on creating effective systems that facilitate transactions between buyers and sellers, particularly in scenarios where they have no prior relationship.

Latest Patents

One of Engber's latest patents is titled "System and Method for a Risk-Based Purchase of Goods." This innovative system enables online transactional services among sellers and buyers. It features a financial clearinghouse that processes requests for goods or services, while assessing the risk classification of buyers in real time through an online repository of credit information. The clearinghouse assigns a risk-based discount fee depending on the buyer's classification, which helps determine a payment amount directed to the seller. Upon authorization, the clearinghouse transmits the payment to the seller and issues an invoice to the buyer. Furthermore, the system can incorporate a broker to facilitate order acceptance and processing, enhancing the overall efficiency of transactions.

Career Highlights

Engber has made significant contributions to several organizations, including Citibank and Transaction Technology Inc. Her expertise in financial systems and online transactions has not only advanced her career but has also influenced the way businesses interact with consumers in the digital marketplace.

Collaborations

Throughout her professional journey, Marjorie Engber has collaborated with notable individuals, including Maria M Mandler and Ann P McLaughlin. These partnerships have enriched her experience and allowed her to leverage diverse expertise in her innovative projects.

Conclusion

Marjorie Engber exemplifies the spirit of innovation through her dedication to enhancing online transactional processes. With her patented technologies, she addresses critical challenges in e-commerce, paving the way for more secure and efficient transactions between buyers and sellers. Her contributions continue to inspire advancements in the financial technology sector and highlight the importance of innovation in today's digital economy.