Peter Robbins

Title: Innovations of Peter Robbins

Introduction

Peter Robbins is an accomplished inventor based in Denver, Colorado. He has made significant contributions to the field of electronic payment systems, holding a total of five patents. His work focuses on enhancing transaction efficiency and convenience for merchants and consumers alike.

Latest Patents

One of Robbins' latest patents is titled "Data element specific transaction routing." This invention provides systems and methods for determining a least cost transaction scheme for a merchant. The least cost transaction scheme can be determined at a point of sale device or at a host computer system that communicates with the point of sale device. The scheme depends on a standard industrial classification (SIC) code associated with the merchant and the transaction amount. In one embodiment, the transaction amount and merchant ID are sent to a host computer system. Based on the merchant ID and transaction amount, the host computer system determines fees for a plurality of transaction schemes. From these schemes, a least cost transaction scheme is selected, prompting the user to use it for the transaction.

Another notable patent is "Electronic payment instrument and packaging." This invention provides methods and systems that utilize a transceiver-based electronic payment device, allowing consumers to conveniently carry the device and make payments using it.

Career Highlights

Peter Robbins has built a successful career at First Data Corporation, where he has been instrumental in developing innovative payment solutions. His expertise in transaction routing and electronic payment systems has positioned him as a key player in the industry.

Collaborations

Robbins has collaborated with notable colleagues, including Keith Newbrough and Ken Algiene. Their combined efforts have contributed to advancements in payment technology and have fostered a collaborative environment for innovation.

Conclusion

Peter Robbins is a prominent inventor whose work in electronic payment systems has led to significant advancements in transaction efficiency. His patents reflect a commitment to improving the payment experience for both merchants and consumers.