Maggie M Peretto

Title: **Maggie M. Peretto: Innovator in Cash-Handling Technology**

Introduction

Maggie M. Peretto is an accomplished inventor based in Hartford, CT, who has made significant contributions to the field of cash-handling technology. With a total of three patents to her name, Peretto has developed methods that address common issues faced by cash-handling machines, ultimately improving their reliability and efficiency.

Latest Patents

One of her latest patents focuses on "Evaluating and servicing problematic cash-handling machines." This innovative method involves tracking repeated performance problems in a machine by storing its faults in computer memory. Peretto's approach assigns a classification value to the machine based on the frequency and number of faults identified. By evaluating this classification value, it can be determined whether the cash-handling device requires servicing. The identified faults may relate to various factors, including hardware issues, cash reject rates, image handling, crash rates, user claim rates, and check handling accuracy. This invention aims to enhance the performance and longevity of cash-handling machines in various banking environments.

Career Highlights

Maggie M. Peretto currently works at Bank of America Corporation, where she leverages her expertise in technology to drive innovation within the organization. Her work at the bank has allowed her to implement her patented methods to improve cash-handling operations, showcasing her dedication to enhancing the user experience and operational efficiency.

Collaborations

Throughout her career, Peretto has collaborated with notable coworkers, including Cheryl S. Bond and Rebecca L. Bell. These professional relationships have contributed to a dynamic work environment, fostering creativity and the exchange of ideas essential for driving technological advancements in cash-handling systems.

Conclusion

Maggie M. Peretto's contributions to the field of cash-handling technology underscore her role as a pioneering inventor. Through her innovative methods and dedication to improving machine performance, she continues to influence the banking sector positively. With her impressive patent portfolio and collaborative spirit, Peretto stands as a key figure in the ongoing evolution of cash-handling solutions.