About Datatreasury Corporation

DataTreasury Corporation was founded by Claudio Ballard in 1998 and has its headquarters in Plano, Texas, United states. The company offers services in remote image capture, biometric verification, transaction processing and centralized storage solutions. The company originally came into being for the purpose of marketing its invented secure check imaging technology.

Ballard was a computer engineer who invented the technology in 1994. The inspiration for having this kind of technology came to him when he went for dinner at a local restaurant with his father and found that the credit card receipts were being stored in shoeboxes. He felt that there was a need to have a technology for storing such information data and this technology was born. Ballard developed the first working prototype of the secure check imaging technology in 1995.

His mission was to serve the small business owners, banks and financial organizations mainly. Banks were wasting huge amounts of money on transporting and processing the secure paper checks every year, so these institutions were very happy to use this technology from DataTreasury. At the time Ballard invented this technology, the banks and financial organizations were looking for a way to streamline the process using electronics. DataTreasury Corporation also played the role of a great influencer for the present and the future entrepreneurial innovators and small inventors; the company gives these individuals the confidence to come up with great ideas that might get the industrial elite sit up and take note.

What is GRP?

You may or may not have heard about the Global Repository Platform or GRP of DataTreasury Corporation. This platform offers solutions for information management, image capturing and user identity authentication. The GRP solution is actually biometrically protected and enables the businesses to perform transactions, as well as store, capture and manage images and information at office and point-of-sale through the Internet.

The dynamic address assignment algorithm from DataTreasury Corporation is adept at performing load balancing among system servers for more usage and maximum performance speed. The partitioning scheme is also present to improve the process of error correction.

Patentship

After Ballard invented the secure check imaging technology, he was granted the U.S. patents 5,910,988 and 6,032,137, for centralized processing of check and document information, and for electronic storage. It is to be noted that the network architecture patents provide support to the secure communication between the central processing facility and the remote locations; this is related to business, sales, banking and general consumer transactions.

However, a number of banks had ignored the patentship rights and moved ahead by using the secure check imaging technology as their own. DataTreasury Corporation was compelled to sue all these banks, though many of them have settled with the company.

Even today DataTreasury is facing tests and trials at different courts and the intellectual property of the Corporation is being challenged at the U.S. Patent Office by defendants having unrestricted access to the largest law firms in the world and also having huge legal budgets.

DataTreasury Corporation acquires, develops and licenses its technology to the many companies that understand intellectual property and respect it. The company offers services in image capture and storage.