In the year 1998, DataTreasury Corporation was founded by Claudio Ballard in New York with the purpose of promoting the secure check imaging technology – Ballard’s pioneering invention. This invention had a purpose of helping the companies keeping their confidential data safe. Originally, DataTreasury was originally founded to offer payment related processing applications, electronic check processing to all their prospective clients.
Ballard got the secure remote image capture with transaction processing and centralized storage invention patented for DataTreasury Corporation. The company tried to market its patented technology to financial institutions, banks, big, medium or small businesses and several other entrepreneurs where Ballard’s invention could have been of help. Ballard was quite sure of the fact that clients would like the patented technology of DataTreasury.
These banks and company already delved deep into their pocket to spend on the process of transferring confidential data. They also needed to pay hefty bucks to keep these data safe. The cost-effective technological services provided by DataTreasury Corporation were quite smart and advanced. Naturally the processes adopted by DataTreasury helped eliminating all errors common to the ordinary transaction and imaging technologies.
The world of business started embracing this technology with a ready recognition. Today, the headquarters of the company is situated at Plano, Texas. DataTreasury helps its clients accessing all-inclusive transaction solutions and document imaging that also includes some of their major technological standards, such as:
- Ongoing Innovation
- Highly secure image file storage
- Dependable transaction processing
- Fault tolerance
DataTreasury offers a path-breaking intellectual property coupled with biometric elements specially designed for enhancing the safety procedure of all sorts of transactions along with the identity of transaction initiator.
DataTreasury has been licensing its patented portfolio for long, only to those companies that have a clear idea about the intellectual property of the company and a deep understanding of it. DataTreasury’s services started attracting a large number of clients from around the country. United States Department of Treasury, the IRS, banks, local municipalities, and different other organizations started availing its patented portfolio.
The Global Repository Platform or GRP of DataTreasury Corporation is nowadays availed widely. This provides its client companies some high-tech safe space to secure data. The process also helps in recovering confidential data. The GRP can only be accessed by some designated personnel sent by the client’s company. It ensures full security of data and takes responsibility of judging the location and safeguarding of every confidential data.
Things took a slight wrong turn as few banks started using the patented technology of DataTreasury Corporation as their own. This started being treated as a breach of intellectual property rights. These banks did this without taking any permission from DataTreasury. That is why they were accused of such patent breaching and those banks were sued.
The defendants had a lot of money and they challenged DataTreasury on the ownership of its own intellectual property at the patent office of United States. Now the intellectual property of the company is facing trials at the courts. The organizations who want licensing of patented portfolio from DataTreasury Corporation must go through the licensing policy properly and also have a deep knowledge of the intellectual property issues.
DataTreasury Corporation offers its patented technologies to help different organizations in keeping their data secured. More and more clients are availing the service of DataTreasury throughout the country.
Loading...