Getting To Know About Datatreasury Corporation

DataTreasury is located in Plano, Texas, United States and is a company that specializes in remote as well as secure image capture. This is achieved through transaction processing and the entire process is supported by centralized storage facilities. The company was founded by Claudio Ballard who was a computer engineer in 1998 as a way to market his invented technology. Ballard had invented the secure check imaging technology in 1994 and wanted a platform for licensing his product.

He had the idea to develop this technology when he went to a local restaurant with his father and found the man there storing all the credit card receipts in shoe boxes. He thought that a platform or technology was essential for storing such important data and information securely. After coming up with his technology, he finally built the working prototype for it in 1995. Ballard thought that his technology would be useful to the banks, financial organizations and small businesses. He also felt that the future and the present small inventors and entrepreneurial innovators would be influenced by the technology and come up with big and important ideas that would shake the corporate houses as well as the institutional elites.

The company received the patents for its technology in 1999 and 2000 and the only criterion for offering its technology to other companies and organizations was that they should have knowledge on intellectual property and should be able to respect it. The company offers its service in electronic storage, document imaging, and centralized processing. The transaction solutions as well as document imaging merge together the main elements of the company’s technological standards that include highly secure image file storage, fault tolerance, as well as ongoing innovation.

DataTreasury has already provided its services to multiple renowned US and international banking and financial institutions, United States Department of Treasury, the Internal Revenue Service, as well as numerous local municipalities all over the country.

Banks had been spending a lot of money in transferring the important documents and other information. This technology was particularly very useful for them. DataTreasury licensed its technology to a number of banks, but the problem occurred when the banks and financial organizations started using the technology as their own. DataTreasury was compelled to sue these banks on grounds of patent infringement. Some of these banks had also settled with DataTreasury Corporation.

The company’s intellectual property is also being tried and tested at several courts. The intellectual property of DataTreasury is also facing challenges at the U.S. Patent Office by defendants who have access to huge legal budgets, have unrestricted access to the largest law firms and the most powerful lobbying groups of the world. If you want the company to license you their technology, you can go through the licensing policies and the many terms and conditions of DataTreasury Corporation thoroughly. Ensure that you do the research work before taking any steps. It will also be important for you to have an understanding of intellectual property and know its worth.

DataTreasury Corporation acquires, develops and licenses its secure check imaging technology to companies that understand the worth of and respect intellectual property.