Gary Jeffords

Title: Gary Jeffords: Innovator in Fund Transfer Systems

Introduction

Gary Jeffords is a notable inventor based in Centennial, CO (US). He has made significant contributions to the field of financial technology, particularly in the area of fund transfer systems. With a total of 5 patents to his name, Jeffords has developed innovative methods that enhance the efficiency and security of financial transactions.

Latest Patents

One of Jeffords' latest patents is titled "Systems and methods for transferring funds to a pre-paid account." This invention outlines a method for transferring funds from a sender to a pre-paid account assigned to a recipient. The process begins with receiving a request for a funds transfer, which includes the amount and the recipient's details. The method involves determining whether to approve the request and, upon approval, selecting two money transfer control numbers (MTCN). The system records the association of the amount and recipient with the first MTCN and sends out the second MTCN. Later, when a request to redeem the second MTCN is received, the system determines the first MTCN based on the second and checks for approval. Upon approval, an indication is sent that the amount is available for funding the recipient's pre-paid account.

Career Highlights

Throughout his career, Gary Jeffords has worked with prominent companies in the financial sector, including Western Union and First Data Corporation. His experience in these organizations has contributed to his expertise in developing innovative financial solutions.

Collaborations

Jeffords has collaborated with various professionals in his field, including Tonya Andersen and Karen Kaukol. These partnerships have likely played a role in the development of his patented technologies.

Conclusion

Gary Jeffords is a distinguished inventor whose work in fund transfer systems has made a significant impact on the financial technology landscape. His innovative methods continue to shape the way funds are transferred, ensuring efficiency and security in financial transactions.