Company Filing History:
Years Active: 2009
Title: The Innovations of Patrick Krug
Introduction
Patrick Krug is an accomplished inventor based in Miami, FL. He has made significant contributions to the field of banking technology through his innovative patent. His work focuses on enhancing the efficiency of check processing and transmission.
Latest Patents
Patrick holds a patent for a decentralized system and method for the remote capture, processing, and transmission of Check 21™ compliant checking document information. This system allows for the capture and processing of checks and related bank document information at a remote client subsystem. It enables local processing of checks and information at the remote client site, facilitating direct routing of bank document information to the U.S. Federal Reserve Bank. This innovation circumvents the need for intermediate transmission to the Bank of First Deposit (BOFD), ensuring compliance with the Check Clearing for the 21st Century Act.
Career Highlights
Patrick is currently employed at Skyline Data, Inc., where he continues to develop and refine banking technologies. His work has been instrumental in advancing the capabilities of remote check processing systems.
Collaborations
Throughout his career, Patrick has collaborated with notable professionals in the field, including Lawrence K. Cohen and Jeryl Lederman. These partnerships have contributed to the successful development of his innovative solutions.
Conclusion
Patrick Krug's contributions to banking technology through his patent demonstrate his commitment to innovation and efficiency in the financial sector. His work continues to influence the way checks are processed and transmitted, showcasing the importance of advancements in this area.