This inventor holds 1 USPTO granted patent and 1 published patent application. Top assignee: Bank of America Corporation. Active years: 2013.
Company Filing History:
Years Active: 2013
Title: Mike Fabian: Innovator in Automated Clearing House Systems
Introduction
Mike Fabian is a notable inventor based in Uxbridge, MA (US). He has made significant contributions to the field of automated clearing house (ACH) systems. His innovative approach has led to the development of a patent that enhances the efficiency of ACH transactions.
Latest Patents
Mike Fabian holds a patent for a "System supporting automated clearing house (ACH) features." This invention focuses on techniques for facilitating the resolution of ACH transactions. When a transaction item is blocked for an account, the associated transaction is paused, allowing the transaction item to be presented to the client. If the client accepts the transaction item, it is processed. Conversely, if the client indicates a return, the transaction is stopped, and the item is returned. The system also allows for on-line authorization maintenance information to be received from the client, enabling the processing of transaction items based on this information. This may involve editing a current authorization entry or creating a new one for a trading partner. The decision to approve a blocked transaction item may require the approval of an employee, and in some cases, a second employee's approval is also necessary. Mike has 1 patent to his name.
Career Highlights
Mike Fabian is currently employed at Bank of America Corporation, where he applies his expertise in financial technologies. His work focuses on improving transaction processes and enhancing customer experiences through innovative solutions.
Collaborations
Some of Mike's coworkers include David Divers and Cheryl Robinson, who contribute to the collaborative environment at Bank of America Corporation.
Conclusion
Mike Fabian's contributions to the field of automated clearing house systems demonstrate his commitment to innovation and efficiency in financial transactions. His patent reflects a significant advancement in the way ACH transactions are managed, showcasing his role as a key inventor in this domain.