Steve Markwell

Title: Steve Markwell: Innovator in Electronic Disbursement Systems

Introduction

Steve Markwell is a notable inventor based in Chapel Hill, NC (US). He has made significant contributions to the field of electronic disbursement systems, holding 2 patents that showcase his innovative approach to financial technology.

Latest Patents

One of his latest patents is an "Integrated electronic disbursement and cash flow management system and method." This system is designed to manage electronic disbursements transferred from a business client of a financial institution to the customers of that business client. The system includes a disbursement instruction processor that receives disbursement instructions over a network from a business client system. The processor processes the instruction and performs multiple steps, including using a customer identifier to determine available payment channels for the customer. When available payment channels include an electronic payment channel, the system selects that channel. An electronic disbursement notification is then forwarded to the customer, and a confirmation may be provided upon acceptance of the disbursement through the notification.

Career Highlights

Steve Markwell is currently employed at JPMorgan Chase Bank, N.A., where he continues to develop innovative solutions in the financial sector. His work focuses on enhancing the efficiency and effectiveness of electronic payment systems.

Collaborations

Some of his notable coworkers include Stanley M DeVan, Jr. and Deborah Myers, who contribute to the collaborative environment at JPMorgan Chase Bank.

Conclusion

Steve Markwell's contributions to electronic disbursement systems reflect his commitment to innovation in financial technology. His patents demonstrate a forward-thinking approach that enhances the way businesses manage electronic payments.