Company Filing History:
Years Active: 2008-2010
Title: Innovations by Kenneth E Jennings, Jr.
Introduction
Kenneth E Jennings, Jr. is a notable inventor based in Davie, FL (US). He has made significant contributions to the field of security for stored-value instruments. With a total of 2 patents, Jennings has developed innovative solutions aimed at preventing fraud in financial transactions.
Latest Patents
One of his latest patents is titled "Anti-fraud presentation instruments, systems and methods." This invention provides improved security for stored-value instruments, such as point-of-sale devices that process transactions. The system involves receiving a first identifier associated with the instrument, which may be encoded on a magnetic stripe. The point-of-sale device also receives a second identifier, and the correlation between these identifiers is crucial for determining the validity of the transaction. If the identifiers are successfully correlated, the transaction can proceed securely.
Another significant patent by Jennings is the "System and method for detecting fraudulent use of stored value instruments." This invention focuses on detecting unauthorized or fraudulent use of stored-value instruments, which can be associated with debit accounts. The system processes request activity through a predetermined rule set to identify potentially fraudulent actions. It allows for real-time monitoring of activities, enhancing the security of financial transactions.
Career Highlights
Kenneth E Jennings, Jr. is currently associated with First Data Corporation, where he continues to innovate in the field of financial security. His work has been instrumental in developing systems that protect consumers and businesses from fraud.
Collaborations
Throughout his career, Jennings has collaborated with notable colleagues, including Keith Newbrough and Christopher R McGee. These partnerships have contributed to the advancement of his inventions and the overall security landscape.
Conclusion
Kenneth E Jennings, Jr. is a prominent inventor whose work in the field of stored-value instruments has led to significant advancements in fraud prevention. His innovative patents reflect a commitment to enhancing security in financial transactions.