Steven H Hughes

Title: The Innovative Contributions of Steven H Hughes

Introduction

Steven H Hughes is a notable inventor based in Basking Ridge, NJ (US). He has made significant contributions to the field of credit authorization systems, particularly through his innovative patent. His work is recognized within the financial sector, where he currently serves at the New York Stock Exchange.

Latest Patents

Hughes holds a patent titled "Method and system for credit authorization in a member exchange." This patent outlines a system where an exchange member can establish a threshold credit value for transactions initiated by non-member institutions. The process involves a credit authorization service that acts on behalf of the exchange members. Transactions are evaluated against a pre-established threshold, ensuring that only those that meet the criteria are forwarded to the exchange. This innovative approach enhances the security and efficiency of financial transactions.

Career Highlights

Throughout his career, Steven H Hughes has demonstrated a commitment to advancing financial technology. His role at the New York Stock Exchange has allowed him to apply his expertise in developing systems that improve transaction processes. His patent reflects his ability to identify and solve complex problems within the financial industry.

Collaborations

Hughes has worked alongside esteemed colleagues such as Catherine R Kinney and Ann E Fitzgibbons. Their collaborative efforts contribute to the innovative environment at the New York Stock Exchange, fostering advancements in financial technology.

Conclusion

Steven H Hughes is a distinguished inventor whose work in credit authorization systems has made a significant impact on the financial sector. His patent showcases his innovative thinking and dedication to improving transaction processes. His contributions continue to influence the industry, highlighting the importance of innovation in finance.