Richard L Savage

Title: Innovations of Richard L. Savage

Introduction

Richard L. Savage is an accomplished inventor based in Salt Lake City, UT. He has made significant contributions to the field of financial account processing through his innovative patents. With a total of 2 patents, his work focuses on enhancing the efficiency and effectiveness of financial account management.

Latest Patents

Richard's latest patents include a "Method and system for handling method level processing in connection with cardholder account processing." This invention provides methods and systems for managing financial accounts by maintaining account information on a host system. The system allows for the implementation of operations that can override base account processing strategies based on specific account parameters.

Another notable patent is the "Method and systems for handling method level processing in connection with account pricing." This invention automatically adjusts components of account processing for credit card accounts based on the characteristics and behavior of individual account holders. It utilizes a decision engine that retrieves account history information and applies method overrides as necessary.

Career Highlights

Richard L. Savage is currently employed at First Data Corporation, where he continues to develop innovative solutions for financial account processing. His work has significantly impacted the way financial institutions manage and process account information.

Collaborations

Throughout his career, Richard has collaborated with notable colleagues, including Steve R. Krajewski and Keith A. Rose. These collaborations have contributed to the advancement of his inventions and the overall success of their projects.

Conclusion

Richard L. Savage is a prominent inventor whose work in financial account processing has led to significant innovations. His patents reflect a commitment to improving the efficiency of financial systems, making him a valuable contributor to the field.