Thomas C Barton

Title: Innovations by Thomas C. Barton: Transforming Transaction Processing

Introduction

Thomas C. Barton, an accomplished inventor based in Newark, DE, holds a total of six patents. His work primarily focuses on enhancing financial transaction processes, showcasing a commitment to advancing technology in the banking sector.

Latest Patents

Among his latest innovations, Barton developed a patent titled "Systems and methods for processing transactions." This system maintains distinct records for multiple devices linked to a financial account while authenticating transaction data from a point of sale. It comprises a communication portion for inputting transaction data, a device identification portion that recognizes the originating device, and an authentication portion that generates and outputs an authentication result based on transaction data comparisons.

Another notable patent is the "Method and system for determining point of sale authorization." This automated system determines transaction authorization by accessing profile data associated with the customer and merchant. It applies various credit and fraud rules, alongside scoring algorithms to assess risk, ultimately providing an authorization response through a communication network.

Career Highlights

Throughout his career, Barton has contributed significantly to the financial technology landscape. He has held key positions at major institutions, including JPMorgan Chase Bank, N.A., and JPMorgan Chase, N.A. His extensive experience in these companies has allowed him to develop practical solutions to complex transaction-related challenges.

Collaborations

Barton has collaborated with notable professionals in his field, including Harold E. Paulson and Elizabeth Pierce Varhus. Their teamwork has led to innovative approaches in financial transaction processing, enhancing the efficiency and security of handling transactions.

Conclusion

Thomas C. Barton's contributions to the field of transaction processing reflect his dedication to innovation and improvement in the financial sector. With his six patents and impactful collaborations, he continues to shape the future of technology in banking, ensuring that transaction processes are secure, efficient, and user-friendly.