Mark Waggoner

Title: Innovations by Mark Waggoner

Introduction

Mark Waggoner is an accomplished inventor based in Keller, Texas, with a notable portfolio of four patents. His work primarily focuses on enhancing financial processes and cash handling systems, contributing significantly to the banking industry.

Latest Patents

Waggoner's latest patents include "Extension of credit for monetary items still in transport." This invention provides earlier funds availability or a line of credit for deposits reported to be in a cash supply chain. When the deposit physically arrives at a bank vault, the actual amount is reconciled against the previously made available funds. The amount of accelerated funds may depend on the scheduled deposit amount and a risk score for the customer or transaction. Another significant patent is "Cash handling facility management." This invention addresses the processing of large quantities of cash in cash handling facilities, such as vaults. It includes a system for verifying, counting, and tracking cash at various custody points, ensuring accurate management of cash handling personnel and the cash itself.

Career Highlights

Mark Waggoner is currently employed at Bank of America Corporation, where he applies his innovative ideas to improve banking operations. His contributions have been instrumental in streamlining processes and enhancing security measures within the financial sector.

Collaborations

Waggoner has collaborated with notable colleagues, including Michelle Davis Nichols and Todd Atwood, to further develop and implement his innovative solutions in the banking industry.

Conclusion

Mark Waggoner's inventive contributions to the banking sector demonstrate his commitment to improving financial processes and cash management systems. His patents reflect a deep understanding of the industry's needs and a drive to innovate for better efficiency and security.