Company Filing History:
Years Active: 2007-2012
Title: David McMann: Innovator in Financial Technology
Introduction
David McMann is a notable inventor based in Garland, TX (US). He has made significant contributions to the field of financial technology, particularly through his innovative patent work. With a total of 2 patents, McMann has developed systems that enhance the efficiency and accuracy of financial transactions.
Latest Patents
One of McMann's latest patents is titled "Automated float pricing for geographically distributed deposits and accounts." This invention provides an automated system for continuously and accurately assigning float to deposit credits within a financial institution. The system extracts information from various demand deposit account systems to assign a normalized market segment to each account. This allows for a float assignment that reflects both the deposit location and current domestic information for the corresponding account.
Another significant patent is the "Method and system for consolidating cash letters." This invention offers methods and systems for consolidating cash letter data from multiple capture devices and sources. It assembles data into a single endpoint file for a specific clearing institution, utilizing endpoint-specific rules and specifications for data reformatting and distribution.
Career Highlights
David McMann is currently employed at Bank of America Corporation, where he applies his expertise in financial technology. His work focuses on improving systems that manage financial transactions and data processing.
Collaborations
Throughout his career, McMann has collaborated with notable colleagues, including Robert Bean and Douglas P. Elliott. These partnerships have contributed to the development of innovative solutions in the financial sector.
Conclusion
David McMann's contributions to financial technology through his patents demonstrate his commitment to innovation and efficiency in the industry. His work continues to influence the way financial institutions manage transactions and data.