Company Filing History:
Years Active: 2011-2013
Title: Innovations by Shannon Lee Bennett
Introduction
Shannon Lee Bennett is an accomplished inventor based in Becker, MN (US). He has made significant contributions to the field of money transfer systems, holding 2 patents that enhance compliance and efficiency in financial transactions.
Latest Patents
His latest patents include a "Global compliance processing system for a money transfer system." This innovative data processing system is coupled to a rules database and a customer database, responding to transaction requests representative of money transfers. The rules database contains information on transaction rules, including location-based, transaction type-based, customer-based, aggregated transaction value rules, and currency exchange rules, some of which feature an aggregation threshold. The system processes transaction requests during processing sessions to ensure compliance with governmental money transfer requirements. Additionally, another patent under the same title describes an improved money transfer system that integrates a rules database, customer database, and transaction processing system. This system identifies customers, determines applicable transaction rules, and generates transaction responses based on the information received.
Career Highlights
Shannon Lee Bennett is currently employed at MoneyGram International, Inc., where he continues to innovate in the financial technology sector. His work focuses on developing systems that streamline money transfers while ensuring compliance with regulatory standards.
Collaborations
Some of his notable coworkers include Diana Chauvin and Billy Joe Steiger, who contribute to the collaborative environment at MoneyGram International, Inc.
Conclusion
Shannon Lee Bennett's contributions to the field of money transfer systems exemplify the importance of innovation in ensuring compliance and efficiency in financial transactions. His patents reflect a commitment to enhancing the security and reliability of money transfers in a global context.