Michael Scanlon

Title: The Innovative Contributions of Michael Scanlon

Introduction

Michael Scanlon is a notable inventor based in Edinburgh, GB. He has made significant contributions to the field of automated banking systems, holding a total of 8 patents. His work focuses on enhancing the efficiency and security of financial transactions through innovative technology.

Latest Patents

Among his latest patents is a check cashing banking system controlled responsive to data bearing records. This automated banking machine is designed to facilitate financial transfers based on data read from various records. It features a card reader that processes user data linked to financial accounts, enabling transactions that transfer or allocate funds between accounts. The machine also provides transaction receipts and includes a cash dispenser for users. Additionally, it has a check acceptor device that images received checks and reads data from the check images, allowing for the crediting of accounts based on check amounts.

Another significant patent is a banking system controlled responsive to data read from data bearing records. This system includes a card reader that verifies user cards corresponding to financial accounts. The status of a card account is stored as either blocked or unblocked, which is crucial for approving transactions. The machine communicates with a remote card security computer to determine the account status before proceeding with any transaction requests.

Career Highlights

Michael Scanlon has worked with prominent companies in the banking technology sector, including Diebold Self-Service Systems Division of Diebold, Inc. and Diebold, Inc. His experience in these organizations has allowed him to develop and refine his innovative ideas in automated banking solutions.

Collaborations

Throughout his career, Michael has collaborated with notable professionals such as H Thomas Graef and Natarajan Ramachandran. These collaborations have contributed to the advancement of his projects and the successful implementation of his inventions.

Conclusion

Michael Scanlon's contributions to the field of automated banking systems demonstrate his commitment to innovation and efficiency in financial transactions. His patents reflect a deep understanding of technology and its application in improving banking services.