Kathleen Lisa Dooley Maley

Title: Kathleen Lisa Dooley Maley: Innovating Dependent Payment Solutions

Introduction:

In the ever-evolving world of finance and consumer transactions, Kathleen Lisa Dooley Maley, a resident of Costa Mesa, CA, has made significant contributions with her innovative payment device. With two patents to her name, Maley has revolutionized the way primary customers can control and monitor the transactions made by dependent customers. Let's explore her latest patent and her affiliation with Bank of America Corporation.

Dependent Payment Device: Allowing Control and Monitoring

Maley's latest invention centers around a dependent payment device, particularly a credit card, that empowers primary customers to have full control over the transactions made by their authorized dependents. By utilizing this device, primary customers can effectively manage the spending habits of their dependents while ensuring financial responsibility.

One notable feature of this invention is that primary customers can easily regulate the maximum spending limit for their dependent customers. The financial institution sets the approved maximum amount for the primary customer, and subsequently, the primary customer can specify the limit within which their dependent customer can spend using the dependent payment device.

Enhanced Control and Approval Mechanisms

Maley's invention also incorporates a comprehensive approval system, allowing primary customers to regulate purchases made by dependent customers. Blockage or approval of transactions can be based on various factors such as merchant category codes (MCCs), store names, store types, Universal Product Codes (UPCs), or any other product or store identifiers.

In addition to controlling purchases, primary customers can establish monetary and time restrictions on dependents' transactions. This means that primary customers have the flexibility to set limits on the amount and frequency of transactions, further ensuring responsible spending behavior.

Company Affiliation: Bank of America Corporation

Kathleen Lisa Dooley Maley is associated with Bank of America Corporation, one of the leading financial institutions globally. Bank of America, often referred to as BofA, is known for its commitment to innovation in the banking industry. Maley's affiliation with such a prominent organization reflects her expertise in developing groundbreaking solutions for customer-oriented financial services.

Notable Coworker: Erik Stephen Ross

Within Bank of America Corporation, Maley works alongside Erik Stephen Ross, another prominent innovator in the field of financial technology. With their combined expertise, Maley and Ross have likely played a significant role in advancing financial services and enhancing customer experiences within the organization.

Conclusion:

Kathleen Lisa Dooley Maley's contributions to the financial industry through her patented dependent payment device demonstrate her dedication to innovation and customer-oriented approaches. Her invention allows primary customers to exert effective control over transactions made by dependents, thus cultivating responsible spending habits. With her affiliation to Bank of America Corporation and collaborations with other prominent innovators like Erik Stephen Ross, Maley is actively shaping the future of financial technology.