Location History:
- Charlotte, NC (US) (2011 - 2012)
- Matthews, NC (US) (2012 - 2013)
Company Filing History:
Years Active: 2011-2013
Hans Dirk Schumacher, a resident of Matthews, NC, has gained recognition for his inventive skills in the financial sector. With over 7 patents to his credit, he is considered a remarkable contributor to the industry. Hans currently works with the renowned Bank of America Corporation and has worked alongside other innovative thinkers, such as David Neil Joffe and Erik Stephen Ross.
One of his latest patents, “Financial Charge Rebate,” offers a system that assists credit account holders in times of economic hardship. This system includes methods for providing rebates of at least a portion of a finance charge applied to a credit account, which benefits both the consumer and financial institution alike. The system works by determining which credit accounts meet a threshold of probability of having a charge-off, and the number of accounts that receive a rebate may be limited to a certain percentage of credit accounts with a non-zero balance.
Another innovative patent from Hans is the “Hybrid Secured Credit Card,” which permits financial transactions using a financial card product, such as a hybrid secured credit card, that allows transactions up to a pre-determined total credit limit and then permits transactions in excess using a security interest in assets. Real-time monitoring of the available balance in an interest-bearing checking account or other accounts that hold funds or assets allows for a dynamically floating available spending limit on the hybrid secured credit card. In certain instances, more than one account may be associated with the card such that the total spending limit on the card is greater. This system is an exciting innovation that benefits consumers and institutions alike.
With his impressive portfolio and a remarkable contribution to Bank of America Corporation, Hans Dirk Schumacher is undoubtedly a respected name in the financial industry. These innovative ideas have a positive impact on consumers and institutions, making Hans Dirk Schumacher an asset to the financial community.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.