Mark S Wallin

Title: Innovations by Mark S. Wallin

Introduction

Mark S. Wallin is a notable inventor based in Houston, Texas. He has made significant contributions to the field of financial technology, holding a total of nine patents. His work primarily focuses on systems and methods that enhance the efficiency and security of financial transactions.

Latest Patents

Among his latest patents, Wallin has developed systems and methods for preauthorizing check transactions. This innovation addresses the challenge of unknown purchase amounts during transactions, such as those involving gasoline fill-ups. His system allows for preauthorization without placing a hold on the checking account, streamlining the transaction process.

Another significant patent involves assessing the risk of financial transactions using authenticating marks. This system improves the assessment of risks associated with cashing second-party checks and other negotiable instruments. By utilizing information about authenticating marks, such as watermarks and bar codes, Wallin's method generates a risk score that can inform accept or decline recommendations for transactions.

Career Highlights

Mark S. Wallin is currently employed at First Data Corporation, where he continues to innovate in the financial technology sector. His work has had a profound impact on how financial transactions are processed and secured.

Collaborations

Wallin has collaborated with notable colleagues, including Amy L. Swift and Lance Pate, contributing to a dynamic work environment that fosters innovation.

Conclusion

Mark S. Wallin's contributions to financial technology through his patents demonstrate his commitment to improving transaction processes and security. His work continues to influence the industry and pave the way for future innovations.