Company Filing History:
2 out of 11 
1 out of 4 Years Active: 2007-2010
Title: Innovations by Mark R Pendleton
Introduction
Mark R Pendleton is an accomplished inventor based in Atlanta, GA. He holds three patents that showcase his innovative contributions to the financial technology sector. His work primarily focuses on methods and systems that enhance credit operations and debt recovery.
Latest Patents
One of Pendleton's latest patents is titled "Method and system for balance transfer operations." This invention provides a system and method for extending a balance reduction offer to a selected set of borrowers. The lender, such as a financial institution issuing credit cards, selects borrowers based on specific criteria. The balance reduction offer includes financial incentives to encourage acceptance. When a borrower accepts the offer, the lender credits their account for the payment received. This invention can facilitate borrowers transferring outstanding balances to another credit card with the help of a cash wire transfer company.
Another significant patent is "System and method for providing a credit account for debt recovery." This invention outlines systems and methods for creating a recovery credit account for customers with existing charged-off debts. Some of the charged-off debt may be forgiven as part of a settlement when the customer enrolls in the recovery credit account. However, the opening balance of this account represents the entire debt obligation going forward. The recovery credit account features a credit limit lower than the opening balance, and reducing the account balance below this limit triggers open-to-buy status, issuance of a credit card, and activation of over-the-limit fees for future balances exceeding the credit limit.
Career Highlights
Pendleton has worked with Compucredit Intellectual Property Holdings Corporation II and Compucredit Intellectual Property Holdings Corporation III. His experience in these companies has contributed to his expertise in financial technology and patent development.
Collaborations
Pendleton has collaborated with notable professionals in his field, including Krishnakumar Srinivasan and Stephen Todd Drummond. Their combined efforts have likely advanced the innovations in credit and debt recovery systems.
Conclusion
Mark R Pendleton's contributions to the field of financial technology through his patents demonstrate his innovative spirit and commitment to improving credit operations. His work continues to influence the industry and offers valuable solutions for borrowers and lenders alike.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.