A Brief Report on DataTreasury Corporation and its Patented Technology

In the year 1998, DataTreasury Corporation was established by Claudio Ballard in Melville, New York. Ballard founded DataTreasury to promote his remarkable innovation, the secure check imaging technology. At the onset, the company usually focused on the several facets of marketing technology, such as, processing electronic checks, documents and all other related payment processing tools. However, these days, DataTreasury has evolved on a large scale and is located in Plano, Texas.



Claudio Ballard invented the secure check imaging technology in 1994, with the sole purpose of providing security to all those organizations, which often remain concerned regarding the safety of their data and information. Ballard was a computer engineer by profession and thus one day, when he saw a man at the eatery to store credit card receipts in the shoe boxes, it made him think on this very aspect and it eventually resulted in the creation of the well-known secure check imaging technology.



After coming up with this radical innovation, now Ballard was in need of an apposite platform, through which he would be able to promote this technology and thus it paved the ground for the creation of DataTreasury Corporation.



Since its very advent, DataTreasury proved to be a beneficial aspect for all the well-known banks, fiscal organizations and small businesses of the country. In fact, the mere popularity of DataTreasury Corporation has risen to such an extent that it was even being granted its first two network architectural patents in the years 1999 and 2000 respectively.



Ballard was always confident that DataTreasury Corporation would prove to be an asset for all the high-flying organizations of the country and actually it happened so as some of the esteemed organizations like, the United States Department of Treasury and Internal Revenue Service soon became dependent on this very technology.



Everything was going pretty well, until some of the banks, who were in fact the clients of DataTreasury Corporation, started to claim its patented technology as their own, without even bothering to take the approval of the latter. Thus, DataTreasury was left with no other options, instead of suing these banks on the ground of counterfeiting.



According to the recent news reports, most of the prominent banks of New York had come up with a mutual agreement with Ballard and his DataTreasury Corporation. However, it does not restrain Ballard and DataTreasury from taking legal actions against those banks. In fact, it has even been heard that DataTreasury Corporation has recently hired prominent Washington lobbyists in order to deal with this very aspect.



However, it is not at all an easy task as the defendants have access to some of the largest law firms and powerful lobbying groups of the world and this is also one of the chief reasons that Data Treasury’s intellectual property has already been challenged at the United States Patent Office. In fact, the situation has become so extreme, that recently Claudio Ballard along with some of his business partners is even being summoned at the Supreme Court of New York.







DataTreasury Corporation features with the innovative secure check imaging technology to ensure the utmost security of all the financial organizations, banks, small businesses etc. However, recently some of the banks have started to claim this patented technology of DataTreasury as their own and it eventually arises several controversies.