Know About DataTreasury

DataTreasury Corporation is the company that develops, acquires as well as licenses its technology to other companies and organizations. It was established by Claudio Ballard in 1998 after he realized that he wanted a channel for marketing his invented technology. DataTreasury is located in Plano, Texas, United States. Ballard invented the secure check imaging technology in 1994 for the purpose of storing securely the important data, check details and images. He developed the working prototype for the technology in 1995.

Ballard noticed at a local restaurant how much the small businessmen required a technology for storing credit card receipts and other important data. After he invented the secure check imaging technology, he asked for patent rights and also received the U.S. patents 5,910,988 and 6,032,137 for electronic storage of document and checked information as well as for centralized processing. The network architecture patents provide support for secure communication between the remote locations and the central processing capacity.

Ballard was of the view that his technology would find a ready market in the banks, financial organizations and the small businesses. On an annual basis, the banks were spending loads of money in transportation and processing of secure paper checks. The banks were also finding ways to streamline the process by using electronics; at a time like this Ballard came up with his technology.

DataTreasury aimed at influencing all the aspiring and current small inventors and commercial innovators in developing big ideas, which are important enough to be noticed by the corporate giants and institutional elite.

Achievements of the company

After receiving its patents, Ballard was able to raise more than $20 million from several investors, got a working staff and also transformed the humble firm to a spacious data center equipped with all the advanced technologies. The company is known to sign one of its major deals in 2001; this happened after DataTreasury agreed to provide the biometric security solutions to the customers of Computer Associates.

DataTreasury Corporation also signed its first banking client in 2002. The company offered check imaging systems and several other services to the Hapoalim, an Israel based bank. The company is also known to offer its technological solution to numerous companies and organizations that know the use of intellectual property and also know how to respect it.

What must be known

It was unfortunate for DataTreasury Corporation, that several of the banks and financial organizations used the secure check imaging technology as their own. The company was forced to sue them on patent infringement grounds, though many of them have settled with DataTreasury Corporation.

Today, the intellectual property of the company is facing tests and trials at different courts. The intellectual property is also facing challenges at the United States Patent Office by defendants who have access to a vast legal budget and have free access to the largest law firms all over the world and also to the most powerful lobbying groups that the world has. Make sure you research the company well and know about their terms and conditions as well as licensing policies in details before dealing with them.

DataTreasury Corporation licenses its secure check imaging technology to companies having knowledge on intellectual property and respecting it.