Edward Raymond Swiatek

Title: Edward Raymond Swiatek: Innovator in Financial Technology

Introduction

Edward Raymond Swiatek is a notable inventor based in Concord, NC (US). He has made significant contributions to the field of financial technology, particularly through his innovative patents. With a total of 2 patents, Swiatek has developed systems that enhance the efficiency of cash handling in banking environments.

Latest Patents

One of his latest patents is titled "Interactive dispense denomination adjustment." This system and method, along with a programmed product, interactively monitors the amount of cash present in a teller cash drawer. It reduces the data input requirements for the teller while allowing compliance with consumer requests for specific denominations. The invention minimizes premature depletion of specific denominations and corrects situations where a denomination is not an integral multiple of the next lower denomination. This allows for a mix to be determined even when a lower denomination is depleted. The system also includes a programmed computer process that presents a miscellaneous dialog field to the teller for handling commemorative and unusual denominations.

Another significant patent is the "Method and apparatus for numeric-to-string conversion." This invention provides an apparatus and method for converting a numeric representation of a number stored in memory into a string representation. The numeric representation includes an integer portion and may also include a fractional portion. The invention rounds the numeric representation to a specified amount of precision and converts each digit of the integer and fractional portions into string characters, creating appropriate negative signs and decimal points as required.

Career Highlights

Edward Raymond Swiatek is currently associated with International Business Machines Corporation (IBM), where he continues to innovate in the field of technology. His work has had a lasting impact on the efficiency of financial transactions and cash management systems.

Collaborations

Swiatek has collaborated with notable coworkers such as Stephen Wesley Linn and Jody Lynn Mace, contributing to various projects that enhance the functionality of financial systems.

Conclusion

Edward Raymond Swiatek is a distinguished inventor whose work in financial technology has led to significant advancements in cash handling systems. His innovative patents reflect his commitment to improving efficiency in banking operations.