Company Filing History:
Years Active: 2021-2022
Title: Innovations by David C. Tyrie
Introduction
David C. Tyrie is an accomplished inventor based in Boston, MA. He holds a total of 7 patents that showcase his expertise in developing advanced point-of-sale (POS) systems. His innovative contributions have significantly impacted the way transactions are processed in the retail sector.
Latest Patents
One of Tyrie's latest patents involves linking an advanced communication system to a pre-existing product. This patent describes a POS system architecture that includes a POS terminal with a receiver, a virtual display, and a transaction processing network. The system is designed to receive payment authorization requests and display selectable options to the user before processing the request. The options include applying a merchant-funded rewards program or continuing with the default issuer-funded rewards program. When the merchant-funded option is selected, the system activates this program while terminating the issuer-funded one.
Another notable patent focuses on enabling an alternative processing network for custom rewards transactions at a POS. This system allows customers to opt-in to a merchant-funded rewards program, which can reroute transaction processing from a conventional network to an alternative one. This alternative network may offer lower transaction fees for merchants compared to traditional processing networks.
Career Highlights
David C. Tyrie is currently employed at Bank of America Corporation, where he continues to innovate in the financial technology space. His work has contributed to enhancing customer experiences and streamlining transaction processes.
Collaborations
Throughout his career, Tyrie has collaborated with notable colleagues, including Mark Churchill Monaco and Tony England. These partnerships have fostered a creative environment that encourages the development of cutting-edge solutions in the financial sector.
Conclusion
David C. Tyrie's contributions to the field of financial technology through his innovative patents have made a significant impact on the industry. His work continues to shape the future of point-of-sale systems and customer rewards programs.