Company Filing History:
Years Active: 2025
Title: Michael Carney: Innovator in Economic Nexus Determination
Introduction
Michael Carney is an accomplished inventor based in Dublin, Ireland. He has made significant contributions to the field of transaction processing systems, particularly in the area of economic nexus determination. His innovative approach has the potential to transform how businesses understand and manage their tax obligations across different geographic locations.
Latest Patents
Michael Carney holds a patent for "Systems and methods for economic nexus determination by a commerce platform system." This patent describes a method and apparatus for performing economic nexus determination by a transaction processing system. The method includes accessing a plurality of transactions associated with various merchant systems processed over time. It infers geographic locations for each transaction based on transaction parameters and aggregates total revenue per geographic location per merchant system. The method also applies economic nexus rules to determine compliance based on location-based revenue.
Career Highlights
Michael Carney is currently employed at Stripe, Inc., a leading technology company that provides economic infrastructure for the internet. His work at Stripe focuses on enhancing transaction processing systems and ensuring compliance with economic nexus regulations. His expertise in this area has positioned him as a valuable asset to the company.
Collaborations
Michael has collaborated with talented individuals such as Ivan Mushketyk and Kelly Moriarty. These collaborations have fostered an environment of innovation and creativity, contributing to the development of advanced solutions in the field of transaction processing.
Conclusion
Michael Carney's contributions to economic nexus determination through his innovative patent and work at Stripe, Inc. highlight his role as a key figure in the field of transaction processing systems. His efforts are paving the way for more efficient and compliant business practices in the digital economy.