This inventor holds 4 USPTO granted patents. Top assignee: Ncr Corporation. Active years: 2006-2013.
Location History:
- Dayton, OH (US) (2006 - 2008)
- Lawrenceville, GA (US) (2013)
Company Filing History:
Years Active: 2006-2013
Title: Malon S Updike: Innovator in Check Cashing Technology
Introduction
Malon S Updike is a notable inventor based in Dayton, OH (US). He has made significant contributions to the field of financial technology, particularly in the area of check cashing and depositing systems. With a total of 4 patents to his name, Updike's innovations aim to streamline and automate traditional banking processes.
Latest Patents
One of Updike's latest patents is a "System and method of cashing a check." This invention focuses on reducing wait times and automating a previously manual process. The method involves capturing an image of the check, sending a request that includes the image file to a check approval system, receiving approval to cash the check, and submitting both the image file and approval during a transaction at a self-service terminal.
Another significant patent is the "Method of operating an image-based self-service check depositing terminal in response to a fault condition." This method outlines the steps for operating a check depositing terminal when a fault occurs. It includes receiving a non-customer identification card, reading data associated with a financial institution, capturing an image of a check, and transmitting this image along with the associated data to the financial institution. This innovative approach enhances the efficiency and reliability of check depositing systems.
Career Highlights
Malon S Updike is currently employed at NCR Corporation, where he continues to develop cutting-edge financial technologies. His work has been instrumental in advancing self-service banking solutions that cater to the needs of modern consumers.
Collaborations
Throughout his career, Updike has collaborated with talented individuals such as Bradley L Lozier and John D Morgan. These partnerships have contributed to the successful development of his innovative technologies.
Conclusion
Malon S Updike's contributions to the field of financial technology, particularly in check cashing and depositing systems, demonstrate his commitment to innovation. His patents reflect a deep understanding of the challenges faced in traditional banking processes and offer practical solutions to enhance efficiency.