This inventor holds 3 USPTO granted patents. Top assignees: Visa International Service Association, Visa International. Active years: 1995-2002.
Company Filing History:
Years Active: 1995-2002
Title: Innovations by Stephen W Pardue
Introduction
Stephen W Pardue is an accomplished inventor based in Half Moon Bay, CA (US). He holds a total of 3 patents that showcase his contributions to the field of electronic payment systems. His innovative ideas have significantly impacted how consumers interact with financial institutions.
Latest Patents
One of his latest patents is an electronic bill pay system designed for consumers to generate messages directing financial institutions to pay a biller's bill. This system allows participating consumers to pay bills through a payment network that operates according to preset rules. Consumers receive bills from participating billers, which include a unique biller identification number. To authorize a payment, consumers transmit a bill pay order to their bank, detailing the payment date, amount, and other necessary information. The bank then submits a payment message to a payment network, which forwards it to the biller's bank for settlement. This innovative approach ensures that the biller's bank is assured of payment, streamlining the entire billing process.
Another patent describes a method for electronically paying a bill, where a bill pay order is forwarded to a processor. This method checks if the consumer has sufficient funds and generates a payment message that is routed to the appropriate biller financial institution. This system enhances the efficiency of electronic payments and provides a seamless experience for consumers.
Career Highlights
Stephen has worked with notable organizations such as Visa International Service Association and Visa International. His experience in these companies has contributed to his understanding of payment systems and consumer needs.
Collaborations
Stephen has collaborated with professionals like James J Hilt and Ron Hodges, who have contributed to his projects and innovations.
Conclusion
Stephen W Pardue's work in electronic payment systems has paved the way for more efficient and user-friendly financial transactions. His patents reflect a deep understanding of consumer needs and technological advancements in the payment industry.