Company Filing History:
Years Active: 2014
Title: The Innovative Contributions of William H. McGraw
Introduction
William H. McGraw is a notable inventor based in Charlotte, NC, who has made significant contributions to the field of banking technology. With a total of 3 patents to his name, McGraw has developed innovative solutions that enhance the functionality and security of financial transactions.
Latest Patents
One of McGraw's latest patents is titled "Deposit permissions for specific non-account holders." This invention describes systems and methods for allowing specific individuals, who are not account owners, to deposit monetary funds into an account associated with an entity. The process involves receiving a request to permit a specific individual to make a deposit, along with criteria that identify the individual, such as their name or address. Additionally, restrictions can be placed on the ability to deposit funds, allowing for a controlled and secure transaction process.
Another significant patent by McGraw is "Predictive fault resolution." This method aims to predict failures in Automated Teller Machines (ATMs) by utilizing a database that stores performance information of ATM components. The method calculates a fault rate for each component and compares it to a predetermined threshold. If the fault rate exceeds this threshold, a service request for the ATM component is initiated, thereby ensuring the reliability of ATM services.
Career Highlights
William H. McGraw is currently employed at Bank of America Corporation, where he applies his expertise in developing innovative banking solutions. His work focuses on enhancing customer experience and operational efficiency through technology.
Collaborations
McGraw has collaborated with several talented individuals in his field, including Timothy Bryan Vannatter and Joshua Bradley Schwartz. These collaborations have contributed to the successful development of his patented technologies.
Conclusion
William H. McGraw's contributions to banking technology through his patents demonstrate his commitment to innovation and improving financial services. His work continues to influence the industry and enhance the way transactions are conducted.