Kelly Kruse

Title: Kelly Kruse: Innovator in Financial Transaction Authorization

Introduction

Kelly Kruse is an accomplished inventor based in Charlotte, NC. He has made significant contributions to the field of financial technology, particularly in the area of transaction authorization systems. His innovative approach has the potential to streamline processes for financial institutions and their customers.

Latest Patents

Kelly Kruse holds a patent for a "System and method for authorizing third-party transactions for an account at a financial institution on behalf of the account holder." This invention allows financial institutions to collect, process, transmit, and confirm authorizations for electronic payments and direct deposits on behalf of account holders. The method includes establishing a pre-existing list of prospective third-party participants, such as employers and billers. The financial institution receives requests from account holders to authorize these transactions, matches specific requests to third-party participants, and forwards them for confirmation. This system integrates various engines and data repositories to effectively implement the invention.

Career Highlights

Kelly Kruse is currently employed at Bank of America Corporation, where he continues to develop innovative solutions in the financial sector. His work focuses on enhancing the efficiency and security of financial transactions, benefiting both institutions and their customers.

Collaborations

Kelly collaborates with talented colleagues, including Penny L Gerstner and Carrie L Heise, who contribute to the innovative environment at Bank of America Corporation.

Conclusion

In summary, Kelly Kruse is a notable inventor whose work in financial transaction authorization is paving the way for advancements in the industry. His patent reflects a commitment to improving the efficiency of financial processes, ultimately benefiting consumers and institutions alike.