Company Filing History:
Years Active: 2020-2022
Title: Michael Martel Spratt: Innovator in Automated Banking Transactions
Introduction
Michael Martel Spratt is an accomplished inventor based in Maryland Heights, MO (US). He has made significant contributions to the field of automated banking transactions, holding a total of 2 patents. His work focuses on enhancing the security and user-friendliness of transaction processes.
Latest Patents
Spratt's latest patents include innovative systems and methods for processing preauthorized automated banking machine-related transactions. These embodiments enable a transaction to be preauthorized by receiving a request that includes a transaction amount and a cardholder identifier. The system identifies the cardholder account, determines a transaction timeframe and machine identifier, and accesses the account to decide whether to process the transaction in accordance with a nonvisual communication program. If the transaction is approved, the system generates instructions to identify a capture time and dispense the transaction amount of cash securely.
Another notable patent involves using nonvisual communication to obtain permission for authorizing a transaction. This system receives a request for authorization, identifies the account based on user identifier data, and establishes a communication link with the user device. It generates a prompt message that is audibly perceivable, analyzes the speech reply from the user device, and determines whether permission to authorize the transaction is granted. This approach enhances the security and user-friendliness of transaction authorizations.
Career Highlights
Michael Martel Spratt is currently employed at Mastercard International Incorporated, where he continues to innovate in the field of automated banking. His work has contributed to the development of secure and efficient transaction processes that benefit users and financial institutions alike.
Collaborations
Spratt has collaborated with talented coworkers, including Rahul Arun Deshpande and Akeda Hosten, to advance the technology behind automated banking transactions. Their combined expertise has led to the successful development of innovative solutions in this domain.
Conclusion
Michael Martel Spratt is a notable inventor whose work in automated banking transactions has led to significant advancements in security and user experience. His contributions through his patents reflect a commitment to improving financial technology for users worldwide.