This inventor holds 2 USPTO granted patents. Top assignee: Bank of America Corporation. Active years: 2018.
Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile
Company Filing History:
Years Active: 2018
Title: Richard A Banks, Jr: Innovator in Optical Character Recognition and Database Retrieval Systems
Introduction
Richard A Banks, Jr. is a notable inventor based in Newark, DE (US). He has made significant contributions to the fields of optical character recognition and database retrieval systems. With a total of 2 patents, his work has advanced the efficiency and accuracy of payment processing systems.
Latest Patents
One of his latest patents is the "Optical Character Recognition Pre-Verification System." This innovative system reviews payment documents, including remit stubs and paper checks. Utilizing optical character recognition software, it determines dollar amounts and assesses a confidence level regarding the accuracy of the amounts. If the confidence level falls within a specific range, the system presents an operator with a pre-verification graphical user interface (GUI) for further action.
Another significant patent is the "Database Retrieval System." This method involves receiving a history datastore and a payment, such as a paper check. It simultaneously scans the check into grayscale and black-and-white images. By analyzing pixel arrangements, the system identifies characters and retrieves corresponding information from the datastore, displaying it on a GUI.
Career Highlights
Richard A Banks, Jr. is currently employed at Bank of America Corporation, where he applies his expertise in developing innovative solutions for financial transactions. His work has been instrumental in enhancing the accuracy and reliability of payment processing systems.
Collaborations
Throughout his career, Richard has collaborated with talented individuals, including Mark David Felse and James Kevin Benton. These partnerships have contributed to the successful development of his patented technologies.
Conclusion
Richard A Banks, Jr. is a distinguished inventor whose work in optical character recognition and database retrieval systems has made a significant impact in the financial sector. His innovative solutions continue to enhance payment processing efficiency and accuracy.
Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile