Stephen M Ellis

Title: Stephen M Ellis: A Pioneering Innovator in Mobile Wallet Technology

Introduction:

Stephen M Ellis, a resident of Tahoe City, CA, is a prolific inventor with an impressive track record of 73 patents to his name. Focusing primarily on advancements in mobile wallet technology, his groundbreaking ideas have revolutionized the way we make payments and conduct financial transactions. Ellis currently works at Wells Fargo Bank, N.A., an esteemed financial institution known for its innovative contributions to the banking industry.

Innovation Highlights:

Two of Ellis's latest patents have cemented his reputation as an expert in mobile wallet systems. Let's take a closer look at these remarkable inventions:

1. System and Method for a Mobile Wallet:

This patent presents a mobile device equipped with a processor, memory, and a mobile wallet application. The device determines the user's geolocation and, based on this information, identifies a predetermined geographic region with multiple merchant locations nearby. It then generates an electronic alert to inform the user about available merchants in the vicinity. The user can select a payment card through the mobile wallet application. At the time of purchase, a code incorporating the geolocation, tokenized payment card information, and merchant identifier is generated, facilitating a seamless transaction experience.

2. System and Method for Interoperable Mobile Wallet:

This invention revolves around a computer system that enables seamless transactions between different financial institutions and merchants. When a payor requests a dynamic token, the system routes the request to the relevant financial institution. The system then receives a message from a second financial institution containing a dynamic token and merchant identifier, providing account information of the payor. After identifying the first financial institution and its associated code, the system forwards the dynamic token and merchant identifier accordingly. Subsequently, the payor's account information is routed to the second financial institution to complete the payment process securely.

Collaborative Efforts:

Ellis's creative endeavors have been enriched by his collaborations with fellow innovators. Two notable coworkers at Wells Fargo Bank, N.A. who have worked alongside Ellis on mobile wallet technologies include Bipin Sahni and Ashish Bhoopen Kurani. Their collective expertise and shared dedication to transformative advancements have undoubtedly contributed to the success achieved by their team.

Conclusion:

Stephen M Ellis, a remarkable innovator, continues to push boundaries in mobile wallet technology. His numerous patents, including the system and method for a mobile wallet and the system and method for interoperable mobile wallet, have laid the groundwork for safer, secure, and more convenient financial transactions. With his commitment to innovation and collaboration, Ellis is paving the way for a future where mobile wallets are at the forefront of the digital economy.