This inventor holds 2 USPTO granted patents and 1 published patent application, plus 1 CIPO patent. Top assignee: Jpmorgan Chase Bank, N.a.. Active years: 2023-2026.
Company Filing History:
Years Active: 2023-2026
Title: John L Biloz: Innovator in Electronic Bill Pay Transactions
Introduction
John L Biloz is an accomplished inventor based in Wonder Lake, IL (US). He has made significant contributions to the field of electronic transactions, particularly in the area of bill payment systems. His innovative approach has led to the development of a unique method that enhances the efficiency of electronic exchanges for bill pay transactions.
Latest Patents
John L Biloz holds a patent for a "Method and system for implementing an electronic exchange for bill pay transactions." This invention relates to a system that implements an electronic exchange for bill pay transactions. The system comprises an electronic exchange network coupled to an electronic input, a memory component, and a computer processor configured to perform several steps. These steps include receiving electronic data files and payment files from a plurality of disparate bill payors, distributing data and funds to each participating lockbox provider file, creating an image of each transaction in the form of a non-negotiable check, and consolidating image files, data files, and payment files into an electronic package for each lockbox provider participant. This innovative system streamlines the bill payment process and enhances the overall user experience.
Career Highlights
John L Biloz is currently employed at JPMorgan Chase Bank, N.A., where he applies his expertise in electronic transactions. His work at this prestigious financial institution allows him to contribute to advancements in banking technology and improve the efficiency of financial services.
Collaborations
Throughout his career, John has collaborated with talented professionals, including Stephen Hoffman and Sejdo Radoncic. These collaborations have fostered an environment of innovation and creativity, leading to the development of cutting-edge solutions in the financial technology sector.
Conclusion
John L Biloz is a notable inventor whose work in electronic bill pay transactions has made a significant impact on the industry. His innovative patent and contributions to JPMorgan Chase Bank, N.A. highlight his commitment to enhancing financial technology.