Company Filing History:
Years Active: 2010-2011
Title: Innovations by Thomas D Avazian
Introduction
Thomas D Avazian is a notable inventor based in Miami, FL (US). He has made significant contributions to the banking sector through his innovative ideas and patented technologies. With a total of 2 patents, Avazian has focused on improving cash remittance processes between countries.
Latest Patents
One of Avazian's latest patents is titled "Method and system for cash remittances using a two country banking structure." This invention allows a bank customer of a first bank in one country to send cash to a recipient in a second country. The process involves a commingled bank account belonging to a second bank, where the recipient receives cash in the currency of their country through a third-party payment agent. The bank customer instructs their first bank to debit their account and send cash to a designated recipient. The first bank then debits the customer's account, sends payment instructions to the second bank, and transfers funds to the commingled account. This innovative banking service may even be provided free of charge to customers of the first bank.
Career Highlights
Thomas D Avazian is currently employed at Bank of America Corporation, where he continues to develop and implement innovative banking solutions. His work has significantly impacted the way cash remittances are processed internationally.
Collaborations
Throughout his career, Avazian has collaborated with talented professionals, including Miguel Cintron and Marcos Rosenberg. These collaborations have fostered an environment of innovation and creativity within the banking sector.
Conclusion
Thomas D Avazian's contributions to the banking industry through his patents demonstrate his commitment to enhancing financial services. His innovative methods for cash remittances are paving the way for more efficient international banking solutions.