Douglas P Elliott

Title: Innovations by Douglas P. Elliott

Introduction

Douglas P. Elliott is an accomplished inventor based in Kennedale, TX (US). He has made significant contributions to the field of banking technology, holding a total of 2 patents. His work focuses on improving financial processes through innovative systems.

Latest Patents

Elliott's latest patents include the "Dual Source Bank Float" and "Automated Float Pricing for Geographically Distributed Deposits and Accounts." The Dual Source Bank Float patent describes a system for determining how checks are processed, either through a paper route or an image route. It establishes different sets of rules for each processing method, ensuring that bank floats are accurately assigned based on the route used. The Automated Float Pricing patent outlines a system that continuously assigns float to deposit credits within a financial institution. This system extracts information from various demand deposit account systems to ensure that float assignments reflect both the deposit location and current domestic information.

Career Highlights

Elliott is currently employed at Bank of America Corporation, where he applies his expertise in financial technology. His innovative solutions have the potential to streamline banking operations and enhance customer experiences.

Collaborations

Elliott has worked alongside notable colleagues such as Kenneth Lee Jaramillo and James Alan Kramer, Jr. Their collaborative efforts contribute to the advancement of banking technologies.

Conclusion

Douglas P. Elliott's contributions to banking technology through his patents demonstrate his commitment to innovation in the financial sector. His work continues to influence the way financial institutions manage and process transactions.