Richard G Wilber

Title: Richard G. Wilber: Innovator in Payment Systems

Introduction

Richard G. Wilber is a notable inventor based in Denver, CO, with a focus on innovations in payment systems. He holds 2 patents that showcase his contributions to the field of financial technology. His work has significantly impacted how transactions are processed in the digital age.

Latest Patents

One of Wilber's latest patents is for an "International negotiable instrument payment." This invention outlines a method for purchasing a negotiable instrument from an online payment system, allowing a payor to compensate a payee related to a listing on a vending site. The process involves selecting a payment currency and/or a drawee bank nationality for the online payment system. Payment information is received from the payor, which includes identifiers such as the payee name and payment amount. The payment instrument is generated based on the selected currency and bank nationality, and it is delivered to the payee.

Another significant patent is for "Merchant cash payment systems and methods." This method facilitates the sale of goods or services by receiving payment information related to a payment instrument used for purchasing. The ordering system communicates with the merchant to provide the necessary information for the transaction. Funds are collected from the payment instrument's associated account, and the system ensures that cash payments are made to the merchant.

Career Highlights

Throughout his career, Richard G. Wilber has worked with prominent companies such as the Western Union Company and First Data Corporation. His experience in these organizations has allowed him to develop and refine his innovative ideas in payment processing.

Collaborations

Wilber has collaborated with notable individuals in the industry, including Mark Baumgart and Peter Michael Karas. These partnerships have contributed to the development of his patents and the advancement of payment technologies.

Conclusion

Richard G. Wilber's contributions to payment systems through his patents reflect his innovative spirit and dedication to improving financial transactions. His work continues to influence the way payments are processed in today's digital economy.