This inventor holds 2 USPTO granted patents. Top assignee: Bank of America Corporation. Active years: 2018-2019.
Company Filing History:
Years Active: 2018-2019
Title: **Paul Cooley: Innovating Transaction Decisioning in Financial Technology**
Introduction
Paul Cooley, an accomplished inventor based in San Diego, California, has made significant contributions to the field of financial technology. With a remarkable portfolio that includes two patents, Cooley's work focuses on improving the efficiency and security of check cashing processes through automated systems.
Latest Patents
Cooley's latest inventions relate to transaction decisioning by automated devices. His patents provide methods, systems, and computer-readable media designed to determine whether a check can be cashed at an automated teller machine (ATM). The first patent describes a system where the ATM captures check image data and transmits it to a check cashing computing platform. This platform assesses whether the check is drawn from an account linked to the ATM's financial institution or another. Based on this analysis, it applies a set of rules to evaluate the check's overall cashing risk score, ultimately enabling it to determine if the check may be cashed or if the request should be denied.
The second patent expands on this technology by allowing users to request check cashing via an ATM. The system retrieves transaction data related to the account and identifies occurrences of returned deposit items to make an informed decision on whether to authorize the cashing of the check.
Career Highlights
Currently, Paul Cooley holds a position at Bank of America Corporation, where he leverages his expertise to enhance automated decision-making processes in banking technology. His role contributes to the development of innovative solutions that improve customer experience and operational efficiency.
Collaborations
Cooley works alongside talented coworkers such as Charles F. Pigg and Roberto Jose Dominguez. Together, they form a dynamic team dedicated to advancing financial technology and addressing challenges within the industry.
Conclusion
Paul Cooley exemplifies the spirit of innovation in the financial technology sector. Through his patents and collaboration with prominent colleagues, he continues to develop systems that enhance the way financial institutions handle checks and transactions, paving the way for future advancements in the field.