William Gaines Coomer

Title: Innovations by William Gaines Coomer

Introduction

William Gaines Coomer is an accomplished inventor based in Phoenix, AZ (US). He holds 2 patents that showcase his expertise in developing innovative solutions for financial institutions. His work focuses on enhancing client experiences and optimizing financial processes.

Latest Patents

One of his latest patents is titled "System and method for calculating recommended charge limits." This invention facilitates the compilation of client-imposed charge or credit limit reports based on declined purchase and/or payment transactions. It provides a system and method for account managers at financial institutions to analyze spending patterns of cardmembers. This analysis helps determine optimal client-imposed credit limits, reducing the occurrences of declined transactions and recapturing lost revenues for card issuers.

Another significant patent is the "Method and system for universal conversion of MCC, SIC or other codes." This system converts first code information to second code information, utilizing memory means for storing conversion tables. It processes SIC, MCC, and NAICS code information about merchants, linking incoming transaction data to customer accounts and generating comprehensive reports.

Career Highlights

William Gaines Coomer is currently employed at American Express Travel Related Services Company, Inc. His role involves leveraging his innovative patents to improve financial services and enhance customer satisfaction.

Collaborations

Some of his notable coworkers include Aniruddha V Khandekar and Gordon Emory Anderson. Their collaboration contributes to the innovative environment at American Express.

Conclusion

William Gaines Coomer's contributions to the field of financial technology through his patents demonstrate his commitment to innovation and improving client experiences. His work continues to influence the industry positively.