Company Filing History:
Years Active: 2025
Title: Innovations by Bhagavanthulu Veera Venkata Tanakala
Introduction
Bhagavanthulu Veera Venkata Tanakala is an innovative inventor based in Dunwoody, GA (US). He has made significant contributions to the field of financial technology, particularly in providing solutions for unbanked consumers. His work focuses on enhancing transaction processes to make them more accessible.
Latest Patents
Tanakala holds a patent for a groundbreaking invention titled "Terminal enabled unbanked check processing." This transaction terminal presents a new type of interface for cashing checks of unbanked consumers. The interface captures a government identifier through input and/or a government-issued card read at the terminal. The check is then imaged, and the government identifier is verified by a government verification service. Once verified, the name associated with the government identifier is matched to the payee name on the check. The bank that the check is drawn on is provided with the check account number and amount, returning an authorization code when the check is authorized to be cashed. The terminal then dispenses currency in the amount of the check to the unbanked consumer.
Career Highlights
Tanakala is currently employed at Digital First Holdings LLC, where he continues to develop innovative solutions in the financial sector. His work is instrumental in bridging the gap for unbanked individuals, allowing them to access financial services that were previously out of reach.
Collaborations
He collaborates with talented individuals such as Lalitha Rashmi Bhairy and Brennan Paul Day, contributing to a dynamic work environment that fosters innovation and creativity.
Conclusion
Bhagavanthulu Veera Venkata Tanakala's contributions to the field of financial technology are noteworthy. His patent for unbanked check processing exemplifies his commitment to making financial services more accessible. His work continues to impact the lives of many unbanked consumers positively.