Company Filing History:
1 out of 1 
1 out of 49 Years Active: 2000-2001
Title: Michael Walls - Innovator in Point of Sale Technology
Introduction
Michael Walls is an accomplished inventor based in Ithaca, NY (US). He has made significant contributions to the field of point of sale technology, holding 2 patents that showcase his innovative approach to check processing and printing systems.
Latest Patents
One of his latest patents is a self-contained point of sale printing system and method. This invention features a Point of Sale (POS) printer that includes an encoding module capable of magnetizing and reading account and bank information from existing magnetic characters on a check. The encoding module prints the characters in the AMOUNT field of the check according to ANSI, ISO, or other standards. The characters are printed with an ink containing magnetic particles. The POS printer can magnetize and read these characters after printing to verify that the correct amount has been encoded onto the check. The method directs the POS printer to follow a specific sequence of actions to accomplish printing and verification at the point of sale.
Another notable patent is a check processing procedure. This method utilizes a POS printer that can magnetize and read the ON-US and ROUTING information from preprinted magnetic characters on a check. The characters are printed with an ink that has magnetizable particles embedded. The ROUTING and ON-US fields of the check are magnetized, and the characters are read by the read head, with signals analyzed by the printer's electronics. The printer electronically verifies that the account is valid before endorsing the check and encoding it by printing MICR characters in the AMOUNT field.
Career Highlights
Michael has worked with notable companies such as Axiohm Transaction Solutions, Inc. His experience in these organizations has contributed to his expertise in developing innovative solutions for the financial technology sector.
Collaborations
Throughout his career, Michael has collaborated with talented individuals, including Arthur James and Phillip M Martinez. These partnerships have likely enriched his work and led to further advancements in his inventions.
Conclusion
Michael Walls is a prominent inventor whose work in point of sale technology has led to significant advancements in check processing systems. His innovative patents reflect his commitment to improving financial transactions through technology.