James K Macklin

Title: Innovations by James K Macklin

Introduction

James K Macklin is an accomplished inventor based in Skillman, NJ (US). He has made significant contributions to the field of financial technology, holding two patents that enhance the functionality of financial card products. His innovative ideas focus on improving the security and flexibility of financial transactions.

Latest Patents

Macklin's latest patents include the "Secured Charge Card" and the "Hybrid Secured Credit Card." The Secured Charge Card allows financial transactions to be conducted using a charge card secured through a security interest in an asset, such as the available balance in an interest-bearing checking account or a brokerage account. This card features a dynamic spending limit that is monitored in real-time to prevent overspending. The Hybrid Secured Credit Card operates similarly but permits transactions up to a predetermined credit limit, with additional spending allowed through a security interest in assets. Both innovations aim to provide users with greater control and security over their financial transactions.

Career Highlights

James K Macklin is currently employed at Bank of America Corporation, where he continues to develop innovative financial solutions. His work has contributed to the advancement of secure financial products that cater to the needs of consumers and businesses alike.

Collaborations

Macklin has collaborated with notable colleagues, including Erik Stephen Ross and Hans Dirk Schumacher. Their combined expertise has fostered a creative environment that encourages the development of groundbreaking financial technologies.

Conclusion

James K Macklin's contributions to financial technology through his patents reflect his commitment to innovation and security in financial transactions. His work at Bank of America Corporation and collaborations with esteemed colleagues further enhance the impact of his inventions in the industry.