Company Filing History:
Years Active: 2014
Title: The Innovative Contributions of Richard M. Philipak
Introduction
Richard M. Philipak is a notable inventor based in Fenton, Missouri. He has made significant contributions to the field of technology through his innovative patent. His work focuses on enhancing the purchasing experience by integrating points and virtual credit card systems.
Latest Patents
Richard M. Philipak holds a patent for a "System and method for transacting purchases with a cash vendor using points and a virtual credit card." This invention utilizes a participant's points along with a single-use virtual credit card account to facilitate cash purchases with vendors. The virtual credit card is designed to be active for only one purchase, with its available credit equal to the total cash purchase price and any associated fees. Additionally, the virtual credit card may be active for a limited period, providing flexibility and security for transactions.
Career Highlights
Richard is currently employed at Maritz Holdings Inc., where he continues to develop innovative solutions. His work at the company reflects his commitment to improving transaction methods and enhancing user experiences in financial dealings.
Collaborations
Richard has collaborated with notable colleagues, including Sven Sprogoe and Jeffrey D. Wagner. These partnerships have likely contributed to the development and refinement of his innovative ideas.
Conclusion
Richard M. Philipak's contributions to the field of technology through his patent demonstrate his innovative spirit and dedication to improving financial transactions. His work continues to influence the way consumers interact with cash vendors, showcasing the importance of innovation in everyday transactions.