Patents by Inventor James S. Spence

James S. Spence has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Patent number: 4947321
    Abstract: An interactive and menu driven microcomputer-based system is disclosed which provides financial institution management and quality control personnel with a powerful tool to help manage and control MICR encoded document rejects to reduce the rate of such rejects to a minimum. The reject analysis system's dedicated microcomputer is linked to a bank's mainframe computer either directly or indirectly by utilizing a mainframe generated item processing magnetic tape file. The microcomputer-based system may, for example, include a PC having a keyboard and a CRT display, a tape drive, a hard disk, an extended RAM memory, and a printer for generating advisory letters and other hard copy documents. The microcomputer-based system also includes a MICR reader and analyzer which permits rejected checks to be analyzed for their MICR quality. The system displays a daily summary report showing the total document items processed, the number of rejected items, as well as the rejected percentage.
    Type: Grant
    Filed: November 30, 1989
    Date of Patent: August 7, 1990
    Assignee: Stanford Technologies, Inc.
    Inventors: James S. Spence, Harry W. Grow