This inventor holds 1 USPTO granted patent and 1 published patent application. Top assignee: Shc Direct, L.l.c.. Active years: 2013.
Company Filing History:
Years Active: 2013
Title: Mark Horbal: Innovator in Gift and Reward Card Funding Solutions.
Introduction
Mark Horbal is an accomplished inventor based in Chicago, IL (US). He has made significant contributions to the field of financial technology, particularly in the area of gift and reward card systems. His innovative approach has the potential to streamline the funding process for these cards, benefiting both consumers and merchants.
Latest Patents
Mark Horbal holds a patent for a "Method and system for efficient funding of gift and reward cards." This invention introduces a system and method that delays or eliminates the initial funding of cards that have a stored or redemptive value. The system utilizes a database or other data storage device to store card identifying information until a request for use of the card is made. If the card expires before a redemption request, it will not be funded, allowing merchants to avoid financing charges. If the card is still valid, the purchase value will be deducted from the card's value. Additionally, if the purchase amount exceeds the card's redemptive value, the card can still be used without requiring funding.
Career Highlights
Mark currently works at Shc Direct, L.L.C., where he continues to develop innovative solutions in the financial technology sector. His work focuses on enhancing the efficiency of gift and reward card systems, making them more user-friendly and cost-effective for merchants.
Collaborations
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Conclusion
Mark Horbal's contributions to the field of gift and reward card funding demonstrate his innovative spirit and commitment to improving financial technology. His patent reflects a forward-thinking approach that can significantly benefit both consumers and merchants in the marketplace.