Company Filing History:
Years Active: 2004-2011
Title: Paul Young: Innovator in Online Sales Risk Management
Introduction
Paul Young is a notable inventor based in New York, NY, who has made significant contributions to the field of online sales risk management. With a total of three patents to his name, Young has developed innovative solutions that enhance the security and efficiency of e-commerce transactions.
Latest Patents
One of Young's latest patents is an "Automated Online Sales Risk Management" system. This invention contemplates a risk management system that facilitates e-commerce transactions involving different currencies. The system provides a transaction price that incorporates aggregated costs related to the transaction, including credit costs, currency exchange fees, insurance, and processing fees. It also monitors insurance adequacy for participants involved in the transaction.
Another significant patent is the "Online Sales Risk Management System," which is a computer-implemented method for managing risks associated with online transactions. This system allows for the entry of exchange prices for foreign currencies and calculates risk exposure based on transaction amounts over a predetermined time period. It captures transaction amounts related to sales on e-commerce sites and automates currency exchanges at the entered price.
Career Highlights
Paul Young is currently employed at Goldman Sachs & Company, where he applies his expertise in risk management to enhance online transaction security. His work has been instrumental in developing systems that protect both consumers and businesses in the digital marketplace.
Collaborations
Young collaborates with talented professionals such as Mark Higgins and Sharon Greener, contributing to a dynamic work environment that fosters innovation and creativity.
Conclusion
Paul Young's contributions to online sales risk management demonstrate his commitment to improving e-commerce transactions. His innovative patents reflect a deep understanding of the complexities involved in digital commerce, making him a valuable asset in the field.