Robert B Cooley

Title: Innovations by Robert B. Cooley

Introduction

Robert B. Cooley is an accomplished inventor based in San Diego, California. He is known for his innovative contributions to the field of bill payment systems. With a focus on enhancing the efficiency of financial transactions, Cooley has developed a unique solution that simplifies the bill payment process for users.

Latest Patents

Cooley holds a patent for a "Bill Pay System and Method." This invention involves a system of remotely distributed machines designed for paying bills issued by various remote issuers, such as telephone, electricity, gas, and utility companies. Each machine is equipped with its own computer, a bar-code scanner, and payment acceptance methods, primarily in cash. Users can insert their bills into the bar-code scanner, which reads essential information such as the issuer's identity, the amount owed, and the due date. After depositing payment, the machine's computer credits the payment, computes any late penalties, and stores the information for future reference. The funds collected from these machines are regularly credited to the accounts of the respective issuers.

Career Highlights

Cooley is currently associated with Lottery Enterprises Inc., where he continues to innovate and contribute to advancements in payment systems. His work has significantly impacted how consumers interact with their bills, making the payment process more accessible and efficient.

Collaborations

Cooley collaborates with Robert L. Burr, leveraging their combined expertise to further enhance their projects and innovations.

Conclusion

Robert B. Cooley's contributions to the field of bill payment systems exemplify his commitment to innovation and efficiency. His patented technology has the potential to transform the way consumers manage their financial obligations.