Location History:
- Scottsdale, AZ (US) (2012 - 2015)
- Jefferson, SD (US) (2012 - 2017)
Company Filing History:
4 out of 221 
3 out of 1,452 
Years Active: 2012-2017
Title: The Innovative Mind of William S Schwarz, Jr
Introduction
William S Schwarz, Jr, an accomplished inventor based in Jefferson, South Dakota, has made significant contributions to the field of technology through his innovative ideas and inventions. With a remarkable portfolio that includes seven patents, he has established himself as a prominent figure in the realm of risk assessment technologies.
Latest Patents
One of his most notable patents is focused on systems and methods for risk triggering values. This invention facilitates risk assessment for point of sale transactions by utilizing a risk triggering value (RTV). The RTV serves as a condensed version of complex risk data that is typically processed at central sites. Upon receiving a request for payment authorization, a risk value is generated, which is then compared to the RTV to determine if the payment should be authorized. If the risk value is less than or equal to the RTV, the payment is authorized; otherwise, it is not. Following this process, a new RTV is calculated and distributed to ensure continued accuracy in risk assessment.
Career Highlights
Throughout his career, William has worked for distinguished companies, including Iii Holdings, LLC and American Express Travel Related Services Company, Inc. These experiences have undoubtedly contributed to his understanding of financial processes and enhanced his innovative capabilities, allowing him to create effective solutions in risk management.
Collaborations
William has collaborated with notable individuals in the industry, including Fred Alan Bishop and Eric James Eldridge. Their joint efforts in research and development have led to advancements in technological solutions in which risk assessment plays a crucial role, enhancing the overall safety of financial transactions.
Conclusion
William S Schwarz, Jr's inventive spirit and dedication to innovation have significantly impacted risk assessment technologies. His contributions reflect the importance of continual development in securing financial transactions and ensuring customer safety. As technology continues to evolve, his work stands as an embodiment of innovation in the financial sector.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.