Thomas W Epting

Title: Thomas W. Epting: Innovator in Point of Sale Systems

Introduction

Thomas W. Epting is a notable inventor based in Greenville, SC (US). He has made significant contributions to the field of payment systems, particularly with his innovative point of sale purchase system. His work has the potential to transform how merchants extend credit to customers.

Latest Patents

Epting holds a patent for a point of sale purchase system that allows merchants to extend credit to customers by establishing accounts. This system enables customers to pay off or significantly reduce their account balance on or after their next payday. The payment can be directly extracted from the customer's bank account, streamlining the transaction process. The merchant system is designed to read or recognize unique customer identifiers, such as magnetically encoded cards or integrated chips. This information is communicated to a server system that approves the transaction, resulting in a transaction instrument that can be signed by the customer. Epting's patent represents a significant advancement in the efficiency of credit transactions.

Career Highlights

Epting is currently associated with Compucredit Intellectual Property Holdings Corp. II, where he continues to innovate in the field of financial technology. His work focuses on enhancing the customer experience and improving transaction security.

Collaborations

Epting collaborates with Richard Elliott Greer, contributing to the development of innovative solutions in the payment processing industry.

Conclusion

Thomas W. Epting's contributions to point of sale systems exemplify the impact of innovation in financial technology. His patent for a point of sale purchase system showcases his commitment to improving the way merchants and customers interact financially.