Claudio Ballard founded DataTreasury in 1998 in Melville, NY to market technology that processes electronic checks and other documents and related payment-processing tools utilizing patents prosecuted and filed prior to DataTreasury's founding [REF].
According to a 2010 article in the Minneapolis Star Tribune, DataTreasury said that in its early days, "DataTreasury discussed a joint venture with Chase Manhattan Bank, now known as J.P. Morgan Chase.