Patents by Inventor A. Carlo Okolowitz

A. Carlo Okolowitz has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • System and method of electronic data transaction processing
    Patent number: 8041633
    Abstract: A transaction process system (10) provides for data transactions between parties. In a credit card transaction, the parties are the merchant (20), acquiring bank (24), card association (34), issuing bank (14), and cardholder (12). A transaction processing center (30) is positioned between the acquiring bank and the card association. The transaction processing center provides data processing channels for message-based processing (72) and filed-based processing (76). The file-based processing uses an incoming queue (80) and outgoing queue (84) to simplify the interface. The transaction processing center also provides for currency conversions and account reconciliation on a per transaction basis. The transaction processing center uses a scheduler (160) to efficiently manage the data processing resources.
    Type: Grant
    Filed: February 21, 2003
    Date of Patent: October 18, 2011
    Assignee: Mtrex, Inc.
    Inventors: W. Jeffrey Knowles, Russell Hales Day, David J. Matthews, Jeffrey R. Burke, Scott E. Wessman, A. Carlo Okolowitz, Joseph B. Emig
  • System and method of currency conversion in financial transaction process
    Publication number: 20040167854
    Abstract: A transaction process system (10) provides for data transactions between parties. In a credit card transaction, the parties are the merchant (20), acquiring bank (24), card association (34), issuing bank (14), and cardholder (12). A transaction processing center (30) is positioned between the acquiring bank and the card association. The transaction processing center provides data processing channels for message-based processing (72) and filed-based processing (76). The file-based processing uses an incoming queue (80) and outgoing queue (84) to simplify the interface. The transaction processing center also provides for currency conversions and account reconciliation on a per transaction basis. The transaction processing center uses a scheduler (160) to efficiently manage the data processing resources.
    Type: Application
    Filed: February 21, 2003
    Publication date: August 26, 2004
    Inventors: W. Jeffrey Knowles, Russell Hales Day, David J. Matthews, Jeffrey R. Burke, Scott E. Wessman, A. Carlo Okolowitz, Joseph B. Emig
  • System and method of electronic data transaction processing
    Publication number: 20040167851
    Abstract: A transaction process system (10) provides for data transactions between parties. In a credit card transaction, the parties are the merchant (20), acquiring bank (24), card association (34), issuing bank (14), and cardholder (12). A transaction processing center (30) is positioned between the acquiring bank and the card association. The transaction processing center provides data processing channels for message-based processing (72) and filed-based processing (76). The file-based processing uses an incoming queue (80) and outgoing queue (84) to simplify the interface. The transaction processing center also provides for currency conversions and account reconciliation on a per transaction basis. The transaction processing center uses a scheduler (160) to efficiently manage the data processing resources.
    Type: Application
    Filed: February 21, 2003
    Publication date: August 26, 2004
    Inventors: W. Jeffrey Knowles, Russell Hales Day, David J. Matthews, Jeffrey R. Burke, Scott E. Wessman, A. Carlo Okolowitz, Joseph B. Emig