Larry W Spooner

Title: Innovations by Larry W Spooner

Introduction

Larry W Spooner is an accomplished inventor based in Green Valley, AZ (US). He has made significant contributions to the field of check risk management through his innovative patents. With a total of 2 patents, Spooner has developed solutions that enhance the decision-making processes for financial institutions.

Latest Patents

Spooner's latest patents focus on a database for check risk decisions populated with check activity data from banks of first deposit. This system allows a plurality of banks to provide checking account activity data for both transit items and incoming returns. A statistical model analyzes this data to determine the likelihood that a check from a specific checking account will be returned. The resulting database aids in making informed check risk decisions, including check hold policy decisions, check acceptance decisions, and open to buy decisions.

Career Highlights

Larry W Spooner is currently employed at Early Warning Services, LLC, where he applies his expertise in developing innovative solutions for the financial sector. His work has been instrumental in improving the accuracy and efficiency of check risk assessments.

Collaborations

Spooner collaborates with Laura E Weinflash, contributing to the advancement of their projects and enhancing the overall effectiveness of their innovations.

Conclusion

Larry W Spooner is a notable inventor whose work in check risk management has made a significant impact on the financial industry. His innovative patents continue to shape the way banks assess check risks and make informed decisions.