Michael Doran

Title: Innovations by Michael Doran in Value Exchange Systems

Introduction

Michael Doran is an accomplished inventor based in Bothell, WA (US), known for his significant contributions to the field of value exchange systems. With a total of 8 patents to his name, Doran has developed innovative methods and systems that facilitate the exchange and transfer of various forms of value.

Latest Patents

Doran's latest patents include groundbreaking technologies for exchanging and transferring value. One notable invention is a system that allows users to exchange coins, currency, credit, debit, and bank account funds for prepaid cash cards, credit cards, and phone cards. This system features a value exchange machine equipped with a coin input region, a sorting/counting apparatus, a card reader, and a communication facility that connects to a remote computer network. Users can visit these machines, select their desired transaction, and complete their purchase using various payment methods. After confirming payment, the machine dispenses the selected card to the user. Another patent focuses on methods for exchanging and transferring gift cards, utilizing similar technology to streamline the process for consumers.

Career Highlights

Doran is currently employed at Coinstar, Inc., where he continues to innovate in the realm of value exchange systems. His work has significantly impacted how consumers interact with financial transactions, making them more accessible and efficient.

Collaborations

Throughout his career, Doran has collaborated with notable colleagues, including Douglas Alan Martin and Scott A Dean. These partnerships have contributed to the development of his innovative technologies.

Conclusion

Michael Doran's contributions to value exchange systems exemplify the spirit of innovation in the financial technology sector. His patents not only enhance user experience but also pave the way for future advancements in the industry.