Company Filing History:
Years Active: 2013
Title: Frank Natoli: Innovator in Banking Technology
Introduction
Frank Natoli is a notable inventor based in McDonald, Ohio, recognized for his contributions to banking technology. He holds a patent that enhances the functionality of automated banking machines, making financial transactions more secure and efficient. His work has significantly impacted the way banking systems operate today.
Latest Patents
Frank Natoli's most recent patent is titled "Banking machine controlled responsive to data read from data bearing records." This innovative banking system operates based on data read from various records. The system features an automated banking machine equipped with a card reader that includes a movable read head. This read head can read card data along a magnetic stripe of a card inserted long-edge first. The card reader also has a card entry gate that opens for cards determined to be properly oriented for data reading. Additionally, the card reader can encrypt card data, including account information, ensuring a higher level of security. The machine is also equipped with a PIN keypad that can decipher encrypted card data and encrypt both the deciphered data and a received user PIN. This functionality allows the machine to authorize users to carry out financial transfers involving their accounts.
Career Highlights
Frank Natoli is associated with Diebold Self-Service Systems Division of Diebold, Inc., where he has made significant contributions to the development of banking technologies. His innovative approach has led to advancements in automated banking systems, enhancing user experience and security.
Collaborations
Frank has collaborated with notable coworkers, including David N. Lewis and Jeffery Enright, who have also contributed to the field of banking technology. Their combined efforts have fostered an environment of innovation and excellence within their organization.
Conclusion
Frank Natoli's work in banking technology exemplifies the importance of innovation in enhancing financial systems. His patent reflects a commitment to improving security and efficiency in automated banking machines. His contributions continue to influence the banking industry positively.