Company Filing History:
Years Active: 2016-2022
Title: Innovations by James Kevin Benton
Introduction
James Kevin Benton is a notable inventor based in Matthews, NC (US). He has made significant contributions to the field of payment processing, holding a total of five patents. His work focuses on enhancing the validation and processing of payment instruments, which is crucial in today's financial landscape.
Latest Patents
One of his latest patents is centered around payment instrument validation and processing. This invention provides apparatuses and methods that assist in validating and processing payment instruments for various products, including credit card payments and mortgage payments. The payment amount can be determined from multiple locations on the payment instrument. Additionally, it can also be derived from a remittance document that accompanies the payment instrument, such as a remittance coupon sent with a check. The invention captures various amounts, including the amount in the remittance courtesy box, the minimum amount due, the last payment made, and the full balance remaining, to validate the payment amount. Furthermore, it utilizes one or more confidence scores for the amounts on both the payment instrument and the remittance document to ensure accurate validation.
Career Highlights
James Kevin Benton is currently employed at Bank of America Corporation, where he continues to innovate in the financial technology sector. His expertise in payment processing has positioned him as a valuable asset within the company.
Collaborations
Some of his notable coworkers include Mark David Felse and John Barrett Hall, who contribute to the collaborative environment that fosters innovation at Bank of America Corporation.
Conclusion
James Kevin Benton exemplifies the spirit of innovation in the financial technology industry through his patents and contributions. His work in payment instrument validation and processing is paving the way for more secure and efficient financial transactions.
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.