Marjorie Profumo

Title: Marjorie Profumo: Innovator in Automated Fund Transfer Systems

Introduction

Marjorie Profumo is a notable inventor based in Santa Monica, CA, who has made significant contributions to the field of automated financial transactions. With a total of 2 patents, her work focuses on enhancing the efficiency and security of fund transfers.

Latest Patents

Profumo's latest patents include a groundbreaking system and method for allowing funds to be transferred instantly to an account. This innovative process ensures that the funds are available to the beneficiary at the time they are sent, utilizing customer information that can be automatically accessed by the system. The system eliminates the need for manual data entry, thereby streamlining the transaction process. Additionally, it automatically computes the appropriate exchange rate and any fees associated with the transfer, displaying this information to the user for authorization or cancellation. The system also analyzes transfer parameters to ensure compliance with relevant government regulations. It allows users to quantify the amount to be transferred in either the originating or receiving account's currency, maximizing flexibility. Designed for ease of use, the system is accessible to individuals without specialized expertise in computers or wire transfers. Furthermore, it incorporates various safeguards to ensure that only authorized individuals can access accounts and funds, providing immediate verification of transaction completion or failure.

Career Highlights

Throughout her career, Marjorie Profumo has worked with prominent financial institutions, including Citibank and Citicorp Development Center, Inc. Her experience in these organizations has contributed to her expertise in developing innovative financial solutions.

Collaborations

Profumo has collaborated with notable professionals in her field, including Horton W Jennings and Nigel Pinnell. These partnerships have further enriched her work and contributed to her success as an inventor.

Conclusion

Marjorie Profumo's contributions to automated fund transfer systems demonstrate her commitment to innovation in the financial sector. Her patents reflect a deep understanding of user needs and regulatory requirements, making her a significant figure in the realm of financial technology.