Company Filing History:
Years Active: 1995-2006
Title: The Innovative Contributions of William L. Powar
Introduction
William L. Powar is a notable inventor based in Palo Alto, California. He has made significant contributions to the field of electronic bill payment systems. With a total of 7 patents to his name, Powar's work has had a lasting impact on how consumers interact with billing processes.
Latest Patents
One of Powar's latest patents is a method and apparatus for paying bills electronically using machine-readable information from an invoice. This innovation facilitates data capture at the consumer end of an electronic bill pay transaction. The system utilizes machine-readable information in a standardized format on an invoice, which includes biller identification and a C-B account number. This information is designed to be readable at the consumer end without prior arrangements between the consumer and the biller. The biller identification can either be a universal biller reference number or sufficient information for manual identification and contact with the biller. The machine-readable information is presented as an optically-readable bar code or characters in a font designed for error-free character recognition by optical or magnetic means.
Career Highlights
Throughout his career, Powar has worked with prominent organizations, including Visa International Service Association and Visa International. His experience in these companies has contributed to his expertise in electronic payment systems and innovations in financial technology.
Collaborations
Some of Powar's notable coworkers include James J. Hilt and Ron Hodges. Their collaboration has likely fostered an environment of innovation and creativity in their respective projects.
Conclusion
William L. Powar's contributions to electronic bill payment systems demonstrate his commitment to innovation and improving consumer experiences. His patents reflect a deep understanding of technology and its application in everyday financial transactions.