Company Filing History:
Years Active: 2020-2025
Title: Innovations by Richard Holden in Virtual Budgeting
Introduction
Richard Holden is an accomplished inventor based in Pleasant Grove, UT (US). He has made significant contributions to the field of financial technology, particularly in the area of budgeting systems. With a total of 2 patents to his name, Holden's work focuses on enhancing user control over financial resources through innovative applications.
Latest Patents
Holden's latest patents include "Virtual budgeting systems and methods" and "Virtual budgeting computer program product, system and method." The first patent outlines systems and methods for budgeting and spending control. In this implementation, users can select multiple spending categories and set a threshold amount for transactions via a mobile or web-based application. A debit card or spending account, controlled by the user, can be activated, allowing funds to be temporarily allocated for intended transactions. The system ensures that the debit card or spending account defaults to a zero balance or inactive status unless sufficient information is provided prior to each transaction.
The second patent describes a system, method, and computer program product designed to impose budget control constraints on user financial resources. This includes the allocation of funds across various sub-accounts linked to specific expenditure categories. Each category has a predetermined spending threshold, and a credit card may be activated if a requested payment exceeds this threshold.
Career Highlights
Richard Holden is currently associated with Proactive Fintech LLC, where he continues to develop innovative financial solutions. His work is instrumental in providing users with better control over their budgeting and spending habits.
Collaborations
Holden collaborates with talented individuals in his field, including Ryan L Clark and Ryan Clark, who contribute to the development of his innovative projects.
Conclusion
Richard Holden's contributions to virtual budgeting systems reflect his commitment to enhancing financial management for users. His innovative patents pave the way for more effective budgeting solutions in the fintech industry.