Company Filing History:
Years Active: 2012-2017
Title: The Innovative Contributions of Eric Scott Sandoz
Introduction
Eric Scott Sandoz is a notable inventor based in Concord, CA (US). He has made significant contributions to the field of financial technology, particularly in the processing of negotiable instruments. With a total of 14 patents to his name, Sandoz has developed innovative solutions that enhance the efficiency and security of financial transactions.
Latest Patents
Among his latest patents is the invention titled "Distributed processing of a check image." This patent describes an apparatus and methods for the distributed processing of a check image, allowing a payee to submit a request to deposit a negotiable instrument. The request is received at a first financial institution, and a transaction record is generated based on the information on the negotiable instrument. This record is then transmitted to a second financial institution, which conducts a fraud analysis based on the transaction record. The first institution can then accept or deny the request based on the fraud indicator provided by the second institution.
Another significant patent is focused on "Systems and methods for capturing and storing image data from a negotiable instrument." This invention involves capturing elements of a negotiable instrument and generating a thumbnail image for use in image recreation. The method includes receiving an image of the negotiable instrument, capturing images of its elements, generating a thumbnail image, and storing both the images and the thumbnail in a database.
Career Highlights
Eric Scott Sandoz is currently employed at Bank of America Corporation, where he applies his expertise in financial technology. His work has been instrumental in developing systems that improve the processing and security of financial transactions.
Collaborations
Sandoz has collaborated with notable colleagues, including Geoffrey Reed Williams and Deborah N Bennett. Their combined efforts have contributed to the advancement of innovative solutions in the financial sector.
Conclusion
Eric Scott Sandoz's contributions to the field of financial technology through his patents and work at Bank of America Corporation highlight his role as a leading inventor in the industry. His innovative solutions continue to shape the future of financial transactions.
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