Larry Dwayne Taylor

Title: Larry Dwayne Taylor: Innovator in Check Representment Prevention

Introduction

Larry Dwayne Taylor is an accomplished inventor based in San Antonio, TX (US). He has made significant contributions to the field of electronic banking through his innovative patent. His work focuses on enhancing the security and efficiency of check processing systems.

Latest Patents

Larry holds a patent for "Systems and methods for check representment prevention." This invention provides techniques for addressing potential fraud and mistakes in a system that electronically receives check images from customers. The patent outlines methods for automatically initiating deposits into customer accounts while conducting electronic analyses of checks. By retrieving check identifiers and comparing them against previously deposited checks, the system allows for faster real-time comparisons. The deposit process may include soft-posting, regardless of whether a check is flagged as a potential duplicate, as further analysis can reveal false positives. Additionally, the system analyzes transaction and account information to identify possible check kiting operations.

Career Highlights

Larry Dwayne Taylor is currently employed at the United Services Automobile Association (USAA), where he applies his expertise in financial technology. His innovative approach has contributed to the development of secure banking solutions that benefit customers and financial institutions alike.

Collaborations

Larry has collaborated with notable colleagues, including Charles Lee Oakes, III, and Randy Ray Morlen. Their combined efforts in the field of electronic banking have led to advancements in fraud prevention and check processing technologies.

Conclusion

Larry Dwayne Taylor's contributions to the field of electronic banking through his patent on check representment prevention demonstrate his commitment to innovation and security. His work continues to impact the financial industry positively.