Mark T Volchek is a notable inventor based in New Haven, CT, who has made significant contributions to the field of payment solutions. With a total of 5 patents to his name, Volchek has focused on developing innovative methods that enhance the efficiency of financial transactions.

Latest Patents

One of Volchek's latest patents is titled "Methods of delivering payments to multiple parties." This invention outlines a method for distributing payments made payable to two or more payees. The process involves receiving a payment, inviting payees to select their preferred delivery method, authenticating their identities, and ultimately delivering funds according to their preferences. Another significant patent is "Systems and methods for facilitating a distribution of bank accounts via an educational institution." This invention provides a framework for establishing soft bank accounts for students, faculty members, or alumni based on information received from educational institutions.

Career Highlights

Mark T Volchek is currently associated with Higher One, Inc., a company that specializes in financial services for educational institutions. His work at Higher One has allowed him to apply his innovative ideas in real-world applications, contributing to the evolution of payment systems.

Collaborations

Volchek has collaborated with notable colleagues such as Miles Lasater and Sean P Glass, who share a commitment to advancing financial technology.

Conclusion

Mark T Volchek's contributions to payment solutions reflect his dedication to innovation in the financial sector. His patents demonstrate a forward-thinking approach to enhancing the efficiency of transactions, making a lasting impact on the industry.

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