Location History:
- Suwanee, CA (US) (2010)
- Suwanee, GA (US) (2005 - 2012)
Company Filing History:
Years Active: 2005-2012
Title: Randal A McCoy: A Pioneering Inventor in Financial Technology
Introduction
Randal A McCoy, an innovative inventor based in Suwanee, GA, has made significant contributions to the field of financial technology through his six registered patents. His work primarily focuses on mechanisms that enhance security and efficiency in financial transactions, enabling a more seamless customer experience.
Latest Patents
One of McCoy's latest patents is for the "Verification of a Financial Instrument Allowing Rules-Based Pre-Acceptance Use of the Financial Instrument." This method describes a process wherein the authority of a customer to utilize a financial instrument is verified by initiating transactions based on stored attributes. If a subsequent transaction complies with pre-acceptance rules, it is allowed, thereby enhancing transaction security.
Another notable patent is related to a "Credit Card Supported Electronic Payment." In this innovation, a payment service provider manages a payment request through a credit card account, even when the payee does not accept credit card payments. This transaction process involves sending necessary account information to the credit card issuer while directing the payment from a different account, highlighting McCoy's strategic approach to navigating payment challenges.
Career Highlights
Randal A McCoy is currently associated with Checkfree Corporation, a prominent player in the financial services sector. His work there has solidified his role as a key innovator, focusing on payment systems that cater to the modern needs of consumers and businesses alike.
Collaborations
Throughout his career, McCoy has collaborated with notable professionals in the industry, including colleagues such as Casey W Kozee and Peter J Kight. These partnerships have allowed for a cross-pollination of ideas that foster innovation and drive advancements in financial technology.
Conclusion
Randal A McCoy stands out not only for his technical expertise but also for his commitment to enhancing the financial transaction landscape through innovative solutions. With numerous patents to his name, McCoy continues to contribute to the evolution of financial services, making transactions safer and more efficient for users across the globe.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.