Company Filing History:
Years Active: 2013
Title: Innovations by Ann M Cromarty
Introduction
Ann M Cromarty is an accomplished inventor based in Old Saybrook, CT (US). She has made significant contributions to the field of financial technology through her innovative patent. Her work focuses on automating financial institution client decisions, particularly in the area of positive pay return processes.
Latest Patents
Ann M Cromarty holds a patent for "Systems, methods and computer program products for automating financial institution client positive pay return decisions." This invention provides systems, methods, and computer program products that facilitate the automatic processing of positive pay return decisions. These decisions are crucial for financial clients as they authorize the return of pay items, such as checks, when there are concerns about fraudulent alterations. The automated processing streamlines operations by deleting pay status from a service management system, creating credit transactions for appropriate demand deposit accounts, and generating return files that identify the items and reasons for their return. Ann's innovative approach enhances efficiency and security in financial transactions.
Career Highlights
Ann M Cromarty has built a notable career at Bank of America Corporation, where she has applied her expertise in financial technology. Her work has not only contributed to the company's operational efficiency but has also set a standard for innovation in the banking sector.
Collaborations
Ann has collaborated with talented professionals in her field, including Deborah A Copes and Debra R Murphy. These collaborations have fostered a creative environment that encourages the development of groundbreaking solutions in financial technology.
Conclusion
Ann M Cromarty's contributions to the field of financial technology through her patent demonstrate her commitment to innovation and efficiency. Her work continues to impact the banking industry positively, paving the way for future advancements in automated financial processes.