Bruce D Herring

Title: **Innovator Bruce D. Herring: Pioneering Electronic Check Processing**

Introduction

Bruce D. Herring, an inventor based in Smithville, MO, has made significant contributions to the field of electronic check processing. With two patents to his name, his innovations focus on enhancing the accuracy and efficiency of financial transactions in accordance with modern banking regulations.

Latest Patents

One of Herring's latest patents is centered around "Expanded Mass Data Sets for Electronic Check Processing." This invention accommodates the data necessary for processing checks under the Check Clearing for the 21st Century Act. It utilizes expanded fields in a financial data file, which can include the original MICR data from both original and substitute paper checks. The design incorporates conventional fields for truncated data and expanded fields for untruncated data. Additionally, the financial data file can feature the results from an image quality analysis conducted on an electronic image of the check. By leveraging both untruncated MICR data and electronic check images, errors in the financial data file can be corrected, thus allowing for the efficient presentation of checks for payment via substitute checks or electronic image cash letters. The innovation also enables the conventional electronic processing of truncated MICR data.

Career Highlights

Throughout his career, Bruce D. Herring has held positions at prestigious financial institutions, including the Federal Reserve Bank of Atlanta and the Federal Reserve Bank of Cleveland. His experience in these organizations has certainly shaped his understanding of the complexities involved in financial processing systems.

Collaborations

During his journey, Herring has had the opportunity to work alongside notable colleagues, including Randall Lee Mueller and Thomas Edwin Schaadt. These collaborations have likely fostered an environment of innovation, facilitating creative solutions in the banking sector.

Conclusion

Bruce D. Herring continues to stand out as an accomplished inventor in the realm of electronic check processing. His innovative approach, particularly with expanded mass data sets, reflects his dedication to enhancing financial services. As the banking industry evolves, Herring's contributions are bound to play a vital role in shaping its future.