Company Filing History:
Years Active: 1999-2002
Title: Ray Kolling: Innovator in Electronic Statement Presentment
Introduction
Ray Kolling is a notable inventor based in Menlo Park, CA. He has made significant contributions to the field of electronic statement presentment, holding a total of 3 patents. His work focuses on enhancing the efficiency and effectiveness of electronic billing systems.
Latest Patents
One of Kolling's latest patents is the Electronic Statement Presentment (ESP) system. This innovative system replaces the traditional preparation and mailing of paper statements and invoices with electronic delivery. The electronic statements maintain the same appearance as paper statements while incorporating multimedia elements such as video, audio, graphics, and custom enclosures. The ESP system segments statements into mandatory and optional components to minimize download time. It operates independently or enhances existing electronic bill payment systems. A central switch computer coordinates template storage, validation, routing, and message passing between billers, workstations, and consumer financial institutions (CFI). The system includes a template authoring workstation (TAWS) that creates a template of static biller information, which is stored in a template library at the switch. The switch validates the template by sending it to a template validation workstation (TVAL). Batches of customer statement data are sent from a biller's legacy invoicing system to a statement origination workstation (SORG) along with a template identifier. The switch sends the template to the SORG, where customer data is validated against the identified template. The sorted batches are routed to the appropriate statement generation workstation (SGEN), which generates electronic statements for each customer.
Career Highlights
Ray Kolling is currently employed at Visa International Service Association, where he continues to innovate in the field of electronic billing. His work has significantly impacted how financial institutions deliver statements to customers.
Collaborations
Kolling has collaborated with notable colleagues, including Michael Occhino and Jeffrey D. Roughgarden, contributing to advancements in electronic statement technologies.
Conclusion
Ray Kolling's contributions to electronic statement presentment have transformed the way billing is conducted, making it more efficient and user-friendly. His innovative spirit continues to drive advancements in the financial technology sector.