Jeffrey Jay Erdmann

Title: Innovative Mind: The Journey of Inventor Jeffrey Jay Erdmann

Introduction

Jeffrey Jay Erdmann, located in Richfield, WI, is a prolific inventor with a remarkable portfolio of nine patents. His innovative contributions primarily focus on advancements in electronic coupon systems that streamline retail transactions and improve consumer experiences.

Latest Patents

One of Erdmann's notable inventions is the E-Coupon settlement and clearing process. This system automates the clearing and settlement of electronic coupons (E-Coupons) by leveraging existing technologies. It allows E-Coupon redemption at any merchant with electronic funds transfer (EFT) capabilities, such as credit or debit card acceptance. The system effectively reduces opportunities for fraud, minimizes or eliminates the need for manual coupon handling, and provides a comprehensive electronic audit trail linking specific purchases to specific coupons. Consumers can easily register, select coupons, and use an E-Coupon card or access device at a merchant's point-of-sale (POS) terminal. The values of the E-Coupons are directly deducted from their final purchase amount. Additionally, both consumer package goods manufacturers (CPGs) and merchants may incur fees for this service. Expired coupons are automatically removed from consumer accounts, with their value refunded to the respective CPGs. Detailed reports on redeemed coupons and consumer profiles can also be generated for CPGs or merchants.

Career Highlights

Jeffrey's career includes significant roles at reputable companies such as Metavante Corporation and Humana Inc. His experiences at these organizations provided him with the insights and resources needed to develop innovative solutions in the realm of electronic transactions and couponing processes.

Collaborations

Throughout his career, Jeffrey has collaborated with notable professionals, including Vicki L. James and Steven T. Brown. These partnerships have contributed to his success as an inventor and have enriched the development of his patented technologies.

Conclusion

Jeffrey Jay Erdmann continues to leave his mark on the world of innovations with his inventive spirit and commitment to improving consumer experiences in retail. His significant contributions, particularly in the realm of electronic couponing, reflect a dedication to harnessing technology for practical applications that benefit both consumers and businesses alike.