Company Filing History:
Years Active: 2009
Title: **Martin Stivers: Innovating Online Transaction Processing**
Introduction
Martin Stivers, based in Glenwood, Iowa, is an influential figure in the realm of online financial transactions. With a single patent to his name, Stivers has contributed significantly to the efficiency and security of Internet-based transactions.
Latest Patents
Stivers’ patent, titled “Methods and Systems for Online Transaction Processing,” focuses on enhancing the coordination of financial transactions between Internet merchants and customers. This innovative method involves receiving a first information packet that contains customer credentials and transaction details. Utilizing a payment network, the system determines account information linked to the customer’s financial institution, accompanied by necessary authorization details for debit access. The resulting second information packet is then transmitted to the financial institution, facilitating a seamless debit transaction for the designated cost.
Career Highlights
Having developed this pivotal technology during his tenure at First Data Corporation, Stivers showcases his dedication to improving transaction methods in a digital age. His patent addresses vital aspects of online financial interactions, making processes more secure and efficient for both merchants and consumers.
Collaborations
Throughout his career, Stivers has collaborated with notable colleagues, including Steven L. VanFleet and Blake Benton. Their collective expertise within First Data Corporation has contributed to advancements in transaction processing technologies, facilitating improvements in the overall online commerce experience.
Conclusion
Martin Stivers exemplifies the innovative spirit necessary in the evolving landscape of online financial transactions. His contributions through his patent not only demonstrate his technical ingenuity but also illustrate the critical importance of secure financial processing in today's digital economy. As he continues his work at First Data Corporation, the impact of his innovations will undoubtedly resonate throughout the industry.