Location History:
- Charlotte, NC (US) (2009)
- Fort Mill, SC (US) (2014)
- Indian Land, SC (US) (2015 - 2022)
Company Filing History:
Years Active: 2009-2022
Title: Innovations in Payment Processing: The Work of Mark David Felse
Introduction
Mark David Felse is an innovative inventor based in Indian Land, South Carolina, USA. With an impressive portfolio of 15 patents, he has made significant contributions to the field of payment validation and processing. His inventions focus on enhancing the efficiency and accuracy of payment systems, helping various financial institutions better serve their clients.
Latest Patents
Felse's latest patent is centered around payment instrument validation and processing. This invention encompasses a range of apparatuses and methods designed to validate and process payment instruments for products such as credit card payments, mortgage payments, and more. The innovative approach allows for payment amounts to be determined from multiple locations on the payment instrument. It also includes provisions for remittance documents that accompany payment instruments, capturing essential details such as amounts due, last payments made, and remaining balances. This thorough validation process employs confidence scores to ensure accuracy in payment amounts, significantly improving payment processing reliability.
Career Highlights
Mark David Felse is currently associated with Bank of America Corporation, where he applies his expertise to develop cutting-edge solutions in payment processing. His work has been instrumental in shaping how financial instruments are validated, ensuring that errors are minimized and operational efficiency is maximized.
Collaborations
During his career, Felse has collaborated with notable colleagues, including John Barrett Hall and David T Frew. Together, they have worked on projects that push the boundaries of payment technology, leveraging their combined knowledge and experience to create innovative solutions that benefit consumers and businesses alike.
Conclusion
Mark David Felse's contributions to the field of payment instrument validation and processing exemplify the spirit of innovation. His patents not only improve the accuracy and reliability of payment systems but also pave the way for future advancements in the financial technology landscape. With continued work at Bank of America Corporation, Felse remains a pivotal figure in the evolution of payment processing technologies.