Jeff Kastelic is a notable inventor based in Cranberry Township, PA (US). He has made significant contributions to the field of financial services through his innovative patents. With a total of seven patents to his name, Kastelic has developed systems that enhance the management of financial accounts.

Latest Patents

One of Kastelic's latest patents is a system and method for providing time to cure negative balances in financial accounts while encouraging rapid curing of those balances to a positive net position. This computer-implemented method includes determining an account balance for a financial account. If the account balance is negative, a notice of the negative balance is sent to the account holder in real time. After a predetermined grace period, it is assessed whether the negative balance was cured. If not, an overdraft fee is applied. Conversely, if the negative balance is cured during the grace period, any assessed overdraft fee is rebated or reversed.

Career Highlights

Kastelic has worked with prominent companies such as Huntington Bancshares Incorporated. His experience in the financial sector has greatly influenced his innovative approach to financial services.

Collaborations

Throughout his career, Kastelic has collaborated with talented individuals, including David Schamer and Lee Lemke. These partnerships have contributed to the development of his innovative ideas and patents.

Conclusion

Jeff Kastelic's contributions to financial services through his patents demonstrate his innovative spirit and dedication to improving account management. His work continues to influence the industry and inspire future innovations.

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