Michael Scott Powell

Title: Michael Scott Powell: Innovator in Chargeback Settlement Systems

Introduction

Michael Scott Powell is an accomplished inventor based in Eureka, Missouri, with a notable portfolio of 10 patents. His work primarily focuses on systems and methods for settling chargeback requests, which are crucial in the financial and payment processing industries.

Latest Patents

One of his latest patents involves a chargeback settlement computing device designed to streamline the processing of chargeback requests. This device is configured to store a dispute table that includes a dispute record associated with a chargeback request. The dispute record contains essential information such as an account identifier, chargeback transaction amount, and a unique chargeback identifier. The device also receives a clearing detail record and a chargeback response, allowing it to determine if the records match and generate a reconciliation record. This innovation significantly enhances the efficiency of chargeback settlements.

Career Highlights

Throughout his career, Michael has worked with prominent companies, including Mastercard International Incorporated. His contributions to the field of chargeback processing have made a significant impact on how financial transactions are managed and reconciled.

Collaborations

Michael has collaborated with notable professionals in his field, including Joan Lee Rohlfing and Jeanne Bernadette Moore. Their combined expertise has contributed to the development of innovative solutions in chargeback processing.

Conclusion

Michael Scott Powell is a key figure in the innovation of chargeback settlement systems, with a strong patent portfolio that reflects his dedication to improving financial transaction processes. His work continues to influence the industry and enhance the efficiency of chargeback management.