Patents by Inventor Charles E. Watts
Charles E. Watts has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Publication number: 20240127244Abstract: A distributed enhanced payment processing system includes a merchant point of sale (POS) terminal system and a remote payment management system. The POS terminal system initiates a transaction that includes receiving a payment amount, a purchaser account identifier, a virtual electronic payment indicator, and a merchant ID via a payment client. Subsequently, the POS terminal system outputs the transaction to the remote payment management system which generates a token for the transaction. The payment management system then provides the purchaser account identifier, a merchant account identifier, and the payment amount to a remote virtual electronic payment (VEP) entity system. Upon receiving a VEP entity system response, the payment management system outputs the response and token to the POS terminal system.Type: ApplicationFiled: December 27, 2023Publication date: April 18, 2024Inventors: Matthew D. OZVAT, Michelle K. PLOMSKE, Charles E. WATTS, Robert BONESTELL, Daniel J. OURADA, Kevin OLIVER
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Patent number: 11900376Abstract: A distributed enhanced payment processing system includes a merchant point of sale (POS) terminal system and a remote payment management system. The POS terminal system initiates a transaction that includes receiving a payment amount, a purchaser account identifier, a virtual electronic payment indicator, and a merchant ID via a payment client. Subsequently, the POS terminal system outputs the transaction to the remote payment management system which generates a token for the transaction. The payment management system then provides the purchaser account identifier, a merchant account identifier, and the payment amount to a remote virtual electronic payment (VEP) entity system. Upon receiving a VEP entity system response, the payment management system outputs the response and token to the POS terminal system.Type: GrantFiled: June 19, 2020Date of Patent: February 13, 2024Assignee: Worldpay, LLCInventors: Matthew D. Ozvat, Michelle K. Plomske, Charles E. Watts, Robert Bonestell, Daniel J. Ourada, Kevin Oliver
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Publication number: 20220343324Abstract: An arbitraged enhanced payment processing system in association with a distributed enhanced payment processing system includes a merchant point of sale (POS) terminal system and a remote payment management system. The POS terminal system initiates a transaction that includes receiving a payment amount, a purchaser account identifier, a virtual electronic payment indicator, and a merchant ID via a payment client. Subsequently, the POS terminal system outputs the transaction to the remote payment management system which generates a token for the transaction. The payment management system then provides the purchaser account identifier, a merchant account identifier, and the payment amount to a payment processing servicer. Upon receiving a payment processing servicer response, the payment management system outputs the response and token to the POS terminal system.Type: ApplicationFiled: July 12, 2022Publication date: October 27, 2022Inventors: Matthew D. OZVAT, Nicholas G. NAYFACK, John BERKLEY, Travis L. PRIEST, Michelle K. PLOMSKE, Charles E. WATTS, Robert BONESTELL, Daniel J. OURADA, Kevin OLIVER
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Publication number: 20220292485Abstract: Systems and methods for managing mobile payments is provided. An account issuer provides an application that is loaded onto a mobile device, which enables a consumer to pay for transactions. The mobile payment application generates a unique code. The code is read by the point of sale terminal, which is then provided to the payment management system. The payment management system contracts the account issuer and authenticates the code, thereby receiving a primary account number. Account number and transaction information is used to authorize the transaction via payment systems. The payment system accepts or declines the transaction in a response. Tokens may be generated for the account number, and value added services may be generated based upon user behaviors.Type: ApplicationFiled: May 31, 2022Publication date: September 15, 2022Inventors: Travis Lee PRIEST, Daniel J. OURADA, Matthew D. OZVAT, Daniel J. MURPHY, Nicholas G. NAYFACK, Charles E. WATTS
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Patent number: 11416856Abstract: An arbitraged enhanced payment processing system in association with a distributed enhanced payment processing system includes a merchant point of sale (POS) terminal system and a remote payment management system. The POS terminal system initiates a transaction that includes receiving a payment amount, a purchaser account identifier, a virtual electronic payment indicator, and a merchant ID via a payment client. Subsequently, the POS terminal system outputs the transaction to the remote payment management system which generates a token for the transaction. The payment management system then provides the purchaser account identifier, a merchant account identifier, and the payment amount to a payment processing servicer. Upon receiving a payment processing servicer response, the payment management system outputs the response and token to the POS terminal system.Type: GrantFiled: March 13, 2020Date of Patent: August 16, 2022Assignee: Worldpay, LLCInventors: Matthew D. Ozvat, Nicholas G. Nayfack, John Berkley, Travis L. Priest, Michelle K. Plomske, Charles E. Watts, Robert Bonestell, Daniel J. Ourada, Kevin Oliver
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Publication number: 20220245638Abstract: A distributed enhanced payment processing system includes a merchant point of sale (POS) terminal system and a remote payment management system. The POS terminal system initiates a transaction that includes receiving a payment amount, a purchaser account identifier, a virtual electronic payment indicator, and a merchant ID via a payment client. Subsequently, the POS terminal system outputs the transaction to the remote payment management system which generates a token for the transaction. The payment management system then provides the purchaser account identifier, a merchant account identifier, and the payment amount to a remote virtual electronic payment (VEP) entity system. Upon receiving a VEP entity system response, the payment management system outputs the response and token to the POS terminal system.Type: ApplicationFiled: April 14, 2022Publication date: August 4, 2022Inventors: Matthew D. OZVAT, Michelle K. PLOMSKE, Charles E. WATTS, Robert BONESTELL, Daniel J. OURADA, Kevin OLIVER
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Publication number: 20220222663Abstract: Systems and methods for multi-merchant tokenization may include receiving a transaction from a point of sale terminal of a merchant, validating the merchant ID against merchant logs, and generating a token for the transaction. The token includes a primary account number, expiration, and a group ID. Additionally, the system provides the primary account number to a payment system and receives a response back. The response is then output back to the merchant along with the token. In subsequent transactions, the system may receive the token from a one point of sale terminal of the merchant. The system validates the merchant ID against merchant logs and ensures the merchant is configured for tokenization. The token is decrypted and the group ID is compared to the merchant ID in the merchant logs. When they match, the primary account number is provided to the payment system for approval.Type: ApplicationFiled: April 4, 2022Publication date: July 14, 2022Inventors: Michelle K. PLOMSKE, Charles E. WATTS, Matthew D. OZVAT
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Patent number: 11379818Abstract: Systems and methods for managing mobile payments is provided. An account issuer provides an application that is loaded onto a mobile device, which enables a consumer to pay for transactions. The mobile payment application generates a unique code. The code is read by the point of sale terminal, which is then provided to the payment management system. The payment management system contracts the account issuer and authenticates the code, thereby receiving a primary account number. Account number and transaction information is used to authorize the transaction via payment systems. The payment system accepts or declines the transaction in a response. Tokens may be generated for the account number, and value added services may be generated based upon user behaviors.Type: GrantFiled: May 29, 2020Date of Patent: July 5, 2022Assignee: Worldpay, LLCInventors: Travis Lee Priest, Daniel J. Ourada, Matthew D. Ozvat, Daniel J. Murphy, Nicholas G. Nayfack, Charles E. Watts
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Patent number: 11328293Abstract: Systems and methods for multi-merchant tokenization may include receiving a transaction from a point of sale terminal of a merchant, validating the merchant ID against merchant logs, and generating a token for the transaction. The token includes a primary account number, expiration, and a group ID. Additionally, the system provides the primary account number to a payment system and receives a response back. The response is then output back to the merchant along with the token. In subsequent transactions, the system may receive the token from a one point of sale terminal of the merchant. The system validates the merchant ID against merchant logs and ensures the merchant is configured for tokenization. The token is decrypted and the group ID is compared to the merchant ID in the merchant logs. When they match, the primary account number is provided to the payment system for approval.Type: GrantFiled: May 29, 2020Date of Patent: May 10, 2022Assignee: Worldpay, LLCInventors: Michelle K. Plomske, Charles E. Watts, Matthew D. Ozvat
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Patent number: 11328296Abstract: A distributed enhanced payment processing system includes a merchant point of sale (POS) terminal system and a remote payment management system. The POS terminal system initiates a transaction that includes receiving a payment amount, a purchaser account identifier, a virtual electronic payment indicator, and a merchant ID via a payment client. Subsequently, the POS terminal system outputs the transaction to the remote payment management system which generates a token for the transaction. The payment management system then provides the purchaser account identifier, a merchant account identifier, and the payment amount to a remote virtual electronic payment (VEP) entity system. Upon receiving a VEP entity system response, the payment management system outputs the response and token to the POS terminal system.Type: GrantFiled: May 22, 2019Date of Patent: May 10, 2022Assignee: Worldpay, LLCInventors: Matthew D. Ozvat, Michelle K. Plomske, Charles E. Watts, Robert Bonestell, Daniel J. Ourada, Kevin Oliver
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Publication number: 20220058653Abstract: Cost altering payment services (“CAPS”) system in association with a distributed enhanced payment (“DEP”) processing system includes a merchant point of sale (“POS”) terminal system and a remote enhanced payment management system (“EPMS”). The remote EPMS receives payment transactions including additional risk mitigating payment transaction (“RMPT”) information and based on that additional RMPT information provides altered transaction costs. The remote EPMS provides facilities for the merchant to review and revise payment management services so as to utilize additional RMPT information received from the merchant POS terminal system so as to alter transaction costs. Such facilities provide information to determine the relative potential transaction cost benefits of various payment management service sets utilizing cost profiles that represent the costs of archival, recorded and projected future transactions.Type: ApplicationFiled: October 29, 2021Publication date: February 24, 2022Inventors: Matthew D. OZVAT, John BERKLEY, Kevin OLIVER, William T. COOPER, Charles E. WATTS, Rachel B. COCHRAN
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Patent number: 11195182Abstract: Cost altering payment services (“CAPS”) system in association with a distributed enhanced payment (“DEP”) processing system includes a merchant point of sale (“POS”) terminal system and a remote enhanced payment management system (“EPMS”). The remote EPMS receives payment transactions including additional risk mitigating payment transaction (“RMPT”) information and based on that additional RMPT information provides altered transaction costs. The remote EPMS provides facilities for the merchant to review and revise payment management services so as to utilize additional RMPT information received from the merchant POS terminal system so as to alter transaction costs. Such facilities provide information to determine the relative potential transaction cost benefits of various payment management service sets utilizing cost profiles that represent the costs of archival, recorded and projected future transactions.Type: GrantFiled: May 21, 2019Date of Patent: December 7, 2021Assignee: Worldpay, LLCInventors: Matthew D. Ozvat, John Berkley, Kevin Oliver, William T. Cooper, Charles E. Watts, Rachel B. Cochran
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Publication number: 20200320532Abstract: A distributed enhanced payment processing system includes a merchant point of sale (POS) terminal system and a remote payment management system. The POS terminal system initiates a transaction that includes receiving a payment amount, a purchaser account identifier, a virtual electronic payment indicator, and a merchant ID via a payment client. Subsequently, the POS terminal system outputs the transaction to the remote payment management system which generates a token for the transaction. The payment management system then provides the purchaser account identifier, a merchant account identifier, and the payment amount to a remote virtual electronic payment (VEP) entity system. Upon receiving a VEP entity system response, the payment management system outputs the response and token to the POS terminal system.Type: ApplicationFiled: June 19, 2020Publication date: October 8, 2020Inventors: Matthew D. OZVAT, Michelle K. PLOMSKE, Charles E. WATTS, Robert BONESTELL, Daniel J. OURADA, Kevin OLIVER
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Publication number: 20200294025Abstract: Systems and methods for managing mobile payments is provided. An account issuer provides an application that is loaded onto a mobile device, which enables a consumer to pay for transactions. The mobile payment application generates a unique code. The code is read by the point of sale terminal, which is then provided to the payment management system. The payment management system contracts the account issuer and authenticates the code, thereby receiving a primary account number. Account number and transaction information is used to authorize the transaction via payment systems. The payment system accepts or declines the transaction in a response. Tokens may be generated for the account number, and value added services may be generated based upon user behaviors.Type: ApplicationFiled: May 29, 2020Publication date: September 17, 2020Inventors: Travis Lee PRIEST, Daniel J. OURADA, Matthew D. OZVAT, Daniel J. MURPHY, Nicholas G. NAYFACK, Charles E. WATTS
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Publication number: 20200294044Abstract: Systems and methods for multi-merchant tokenization may include receiving a transaction from a point of sale terminal of a merchant, validating the merchant ID against merchant logs, and generating a token for the transaction. The token includes a primary account number, expiration, and a group ID. Additionally, the system provides the primary account number to a payment system and receives a response back. The response is then output back to the merchant along with the token. In subsequent transactions, the system may receive the token from a one point of sale terminal of the merchant. The system validates the merchant ID against merchant logs and ensures the merchant is configured for tokenization. The token is decrypted and the group ID is compared to the merchant ID in the merchant logs. When they match, the primary account number is provided to the payment system for approval.Type: ApplicationFiled: May 29, 2020Publication date: September 17, 2020Inventors: Michelle K. PLOMSKE, Charles E. WATTS, Matthew D. OZVAT
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Patent number: 10762500Abstract: Systems and methods for multi-merchant tokenization may include receiving a transaction from a point of sale terminal of a merchant, validating the merchant ID against merchant logs, and generating a token for the transaction. The token includes a primary account number, expiration, and a group ID. Additionally, the system provides the primary account number to a payment system and receives a response back. The response is then output back to the merchant along with the token. In subsequent transactions, the system may receive the token from a one point of sale terminal of the merchant. The system validates the merchant ID against merchant logs and ensures the merchant is configured for tokenization. The token is decrypted and the group ID is compared to the merchant ID in the merchant logs. When they match, the primary account number is provided to the payment system for approval.Type: GrantFiled: May 14, 2019Date of Patent: September 1, 2020Assignee: Worldpay, LLCInventors: Michelle K. Plomske, Charles E. Watts, Matthew D. Ozvat
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Patent number: 10706407Abstract: Systems and methods for managing mobile payments is provided. An account issuer provides an application that is loaded onto a mobile device, which enables a consumer to pay for transactions. The mobile payment application generates a unique code. The code is read by the point of sale terminal, which is then provided to the payment management system. The payment management system contracts the account issuer and authenticates the code, thereby receiving a primary account number. Account number and transaction information is used to authorize the transaction via payment systems. The payment system accepts or declines the transaction in a response. Tokens may be generated for the account number, and value added services may be generated based upon user behaviors.Type: GrantFiled: August 30, 2019Date of Patent: July 7, 2020Assignee: Worldpay, LLCInventors: Travis Lee Priest, Daniel J. Ourada, Matthew D. Ozvat, Daniel J. Murphy, Nicholas G. Nayfack, Charles E. Watts
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Publication number: 20200211006Abstract: An arbitraged enhanced payment processing system in association with a distributed enhanced payment processing system includes a merchant point of sale (POS) terminal system and a remote payment management system. The POS terminal system initiates a transaction that includes receiving a payment amount, a purchaser account identifier, a virtual electronic payment indicator, and a merchant ID via a payment client. Subsequently, the POS terminal system outputs the transaction to the remote payment management system which generates a token for the transaction. The payment management system then provides the purchaser account identifier, a merchant account identifier, and the payment amount to a payment processing servicer. Upon receiving a payment processing servicer response, the payment management system outputs the response and token to the POS terminal system.Type: ApplicationFiled: March 13, 2020Publication date: July 2, 2020Inventors: Matthew D. OZVAT, Nicholas G. NAYFACK, John BERKLEY, Travis L. PRIEST, Michelle K. PLOMSKE, Charles E. WATTS, Robert BONESTELL, Daniel J. OURADA, Kevin OLIVER
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Patent number: 10636032Abstract: An arbitraged enhanced payment processing system in association with a distributed enhanced payment processing system includes a merchant point of sale (POS) terminal system and a remote payment management system. The POS terminal system initiates a transaction that includes receiving a payment amount, a purchaser account identifier, a virtual electronic payment indicator, and a merchant via a payment client. Subsequently, the POS terminal system outputs the transaction to the remote payment management system which generates a token for the transaction. The payment management system then provides the purchaser account identifier, a merchant account identifier, and the payment amount to a payment processing servicer. Upon receiving a payment processing servicer response, the payment management system outputs the response and token to the POS terminal system.Type: GrantFiled: October 23, 2018Date of Patent: April 28, 2020Assignee: Worldpay, LLCInventors: Matthew D. Ozvat, Nicholas G. Nayfack, John Berkley, Travis L. Priest, Michelle K. Plomske, Charles E. Watts, Robert Bonestell, Daniel J. Ourada, Kevin Oliver
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Publication number: 20190385146Abstract: Systems and methods for managing mobile payments is provided. An account issuer provides an application that is loaded onto a mobile device, which enables a consumer to pay for transactions. The mobile payment application generates a unique code. The code is read by the point of sale terminal, which is then provided to the payment management system. The payment management system contracts the account issuer and authenticates the code, thereby receiving a primary account number. Account number and transaction information is used to authorize the transaction via payment systems. The payment system accepts or declines the transaction in a response. Tokens may be generated for the account number, and value added services may be generated based upon user behaviors.Type: ApplicationFiled: August 30, 2019Publication date: December 19, 2019Inventors: Travis Lee PRIEST, Daniel J. OURADA, Matthew D. OZVAT, Daniel J. MURPHY, Nicholas G. NAYFACK, Charles E. WATTS