Company Filing History:
2 out of 3 Years Active: 2024-2025
Title: **Lawrence Dugger: Innovator in Financial Risk Assessment**
Introduction
Lawrence Dugger, an accomplished inventor based in Cedar Hill, TX, has made significant contributions to the realm of financial technology. With a focus on risk assessment and fraud detection, Dugger holds two patents that reflect his commitment to enhancing banking security and operational efficiency.
Latest Patents
Lawrence Dugger's latest innovations include two notable patents:
1. **Instant Funds Availability Risk Assessment and Real-Time Loss Alert System and Method** - This patent outlines a real-time system and method for determining whether to trigger a fraud alert notification to a bank regarding an account holder or item issuer involved in a suspected fraudulent transaction. The system updates its interim determination based on transaction data received post-assessment.
2. **Instant Funds Availability Risk Assessment and Real-Time Fraud Alert System and Method** - This invention details a real-time system and method designed to initiate a fraud alert notification prompted by an abandoned deposit following a denied accelerated funding request for a financial item.
Career Highlights
Currently, Lawrence Dugger is employed at Valid Systems, where he applies his expertise to develop advanced financial solutions that address security vulnerabilities in banking transactions. His innovative work focuses on bridging the gap between immediate financial accessibility and fraud prevention.
Collaborations
Throughout his career, Dugger has collaborated with notable colleagues, including Dyron Clower and John Templer, who contribute to the innovative environment at Valid Systems. Their combined expertise fosters growth and advancement in financial technology.
Conclusion
Lawrence Dugger stands out as a key innovator within the financial technology sector, with his patents paving the way for improved risk assessment and fraud detection methods. His contributions exemplify the importance of innovation in ensuring safer banking practices and enhancing customer trust in financial institutions.