John Mark DeLoach

Title: Innovations by John Mark DeLoach

Introduction

John Mark DeLoach is an accomplished inventor based in Wilmington, NC (US). He has made significant contributions to the field of financial technology, particularly in payment protection systems. With a total of 4 patents to his name, DeLoach's work reflects a commitment to enhancing consumer financial security.

Latest Patents

One of his latest patents is titled "Universal Payment Protection." This innovative system provides payment protection upon the occurrence of trigger events. The system includes an account that may be associated with a credit card or other financial products. Accountholders can select trigger events and associated benefits. Upon the occurrence of a trigger event, the issuing entity evaluates whether the accountholder is entitled to receive an associated benefit. Each benefit is designed to address at least one payment obligation. For instance, the account may include payment protection in the form of automatic payment of minimum monthly credit card fees should the accountholder involuntarily become unemployed.

Career Highlights

John Mark DeLoach is currently employed at JPMorgan Chase Bank, N.A., where he continues to develop innovative solutions in the financial sector. His expertise in payment systems and consumer protection has positioned him as a valuable asset in his field.

Conclusion

John Mark DeLoach's contributions to payment protection technology demonstrate his dedication to improving financial security for consumers. His innovative patents reflect a forward-thinking approach to addressing the challenges faced by accountholders today.