David Charles Shroyer

Title: The Innovative Contributions of David Charles Shroyer

Introduction

David Charles Shroyer is a notable inventor based in Matthews, NC (US), recognized for his significant contributions to technology and finance. With a total of 11 patents to his name, Shroyer has made strides in enhancing transaction security and efficiency.

Latest Patents

Among his latest innovations is the patent for "Risk-based transaction authentication," which outlines an apparatus and methods for authorizing exchanges between customers and service providers. This apparatus includes an electronic processor designed to calculate a reference event profile and determine differences between prospective transaction profiles and the reference event profile. This technology aims to enhance the security of transactions initiated by individuals whose identities have not been verified. Another significant patent is for the "Virtual purchasing card transaction," which details methods for executing transactions between customers and merchants using a virtual purchasing instrument. This system allows customers to request payments or draw credit from their accounts through electronic presentations of the virtual purchasing instrument.

Career Highlights

David Shroyer is currently employed at Bank of America Corporation, where he applies his expertise in developing innovative financial solutions. His work focuses on improving transaction processes and enhancing customer security in financial dealings.

Collaborations

Shroyer has collaborated with notable colleagues, including Todd Inskeep and James M Ashfield, contributing to various projects that aim to advance technology in the banking sector.

Conclusion

David Charles Shroyer stands out as a prominent inventor whose work has significantly impacted transaction security and efficiency in the financial industry. His innovative patents reflect a commitment to enhancing customer experiences and safeguarding financial transactions.