William Thomas Cooper

Title: The Innovations of William Thomas Cooper

Introduction: William Thomas Cooper, an inventive mind from Henderson, Colorado, has made significant contributions to the field of payment processing technologies. With a total of nine patents to his name, Cooper has advanced methods for managing transaction costs and merchant onboarding systems, enhancing operational efficiency for businesses.

Latest Patents: Among his latest innovations, Cooper has developed the “Cost Altering Payment Services” (CAPS) system, which is integrated with a Distributed Enhanced Payment (DEP) processing system. This advanced system encompasses a merchant point of sale (POS) terminal and a remote Enhanced Payment Management System (EPMS). The remote EPMS is capable of receiving payment transactions alongside additional Risk Mitigating Payment Transaction (RMPT) information, allowing it to adjust transaction costs accordingly.

Another notable patent by Cooper is focused on “Expedited Automated Merchant Boarding.” This system provides a streamlined approach to merchant onboarding in conjunction with a distributed enhanced payment processing framework. The remote EPMS pre-boards anticipated components and facilitates the initiation of merchant accounts via the POS terminal system. By utilizing protocol transactions, the system simplifies auto-boarding processes, allowing merchants to efficiently establish and utilize selected payment management services.

Career Highlights: Throughout his career, William Thomas Cooper has contributed to various leading companies, including Worldpay Limited and Unwired Planet, LLC. His work in these organizations has played a crucial role in developing innovative payment solutions that meet the evolving needs of the market.

Collaborations: During his career, Cooper has collaborated with industry professionals such as Matthew D. Ozvat and John Berkley. These partnerships have fueled technological advancements within the payment processing sector, further highlighting Cooper’s commitment to innovation.

Conclusion: William Thomas Cooper represents a significant figure in the realm of financial technology and payment systems. His research and patents not only demonstrate his inventive prowess but also provide valuable solutions that enhance the efficiency of transaction processes for merchants around the globe. With continued advancements in his field, Cooper’s work is sure to influence future innovations within the industry.