Riccardo M Striano

Title: Riccardo M Striano: Innovator in Payment Processing

Introduction

Riccardo M Striano is a notable inventor based in Pelham, NY (US). He has made significant contributions to the field of payment processing, holding 2 patents that showcase his innovative approach to recurring payments.

Latest Patents

Striano's latest patents focus on a method and system for processing recurring payments. According to the embodiment of his invention, a computer-implemented method involves receiving a payment file from a paying entity. It includes identifying at least one payee from the payment file and determining a payment amount based on a pre-existing contract for recurring payments. The system also identifies a payment method from a payee profile and distributes the payment amount accordingly, with a group managing the recurring payments for the payee.

Career Highlights

Riccardo M Striano is currently employed at JPMorgan Chase Bank, N.A., where he applies his expertise in payment processing. His work has contributed to the advancement of financial technologies and improved payment systems.

Collaborations

Striano has collaborated with notable coworkers such as Frank J Fogliano and Dennis J Gniewosz, enhancing the innovative environment at JPMorgan Chase Bank.

Conclusion

Riccardo M Striano's contributions to payment processing through his patents reflect his commitment to innovation in the financial sector. His work continues to influence the way recurring payments are managed and processed.