Company Filing History:
Years Active: 2007
Title: The Innovative Contributions of Leonard DeCaro
Introduction
Leonard DeCaro is a notable inventor based in Ansonia, CT (US). He has made significant contributions to the field of electronic payment processing. His innovative approach has led to the development of a patent that addresses common issues in electronic check transactions.
Latest Patents
Leonard DeCaro holds a patent for "Methods and apparatus for processing electronic checks." This invention includes a series of methods that enhance the accuracy and efficiency of processing e-checks. The methods involve accepting e-check data input from a payer, parsing the data to identify the bank routing number and checking account number, and ensuring the account number has the correct number of digits. Additionally, the invention prompts the payer to re-enter the account number if necessary and includes mechanisms to correct the number of digits by appending or prepending zeros. The patent also addresses the issue of non-sufficient funds (NSF) by comparing account numbers to a negative list and automatically re-presenting NSF returns within a specified timeframe.
Career Highlights
Leonard DeCaro is associated with Checkfree Services Corporation, where he applies his expertise in electronic payment systems. His work has contributed to improving the reliability of electronic transactions, making them more user-friendly and secure.
Collaborations
Throughout his career, Leonard has collaborated with talented individuals such as Brian Mejias and Thomas G Cain. These partnerships have fostered innovation and have been instrumental in the development of effective solutions in the electronic payment industry.
Conclusion
Leonard DeCaro's contributions to the field of electronic check processing exemplify the impact of innovative thinking in technology. His patent not only addresses critical issues in payment processing but also enhances the overall user experience.