Patents by Inventor Philip J. BARATZ

Philip J. BARATZ 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).

  • Publication number: 20180218416
    Abstract: A system operable to monitor the consumption of a commodity at the premises of a consumer may comprise a billing system interfacing with suppliers and retailers of the commodity to facilitate the purchase and distribution of the commodity. The billing system may include a payment structure that can alleviate the burden of consumers having to pay for an entire delivery of the commodity—the consumer is only responsible for paying for the amount actually consumed during a time period at a prevailing price during that time—as well as significantly reduce a retailer's working capital required to float the purchase of the commodity before it is paid by its consumers. Such a billing system and payment structure may eliminate or reduce the need for a retailer to borrow against receivables to pay for such purchases.
    Type: Application
    Filed: March 22, 2018
    Publication date: August 2, 2018
    Inventor: Philip J. Baratz
  • Patent number: 9934521
    Abstract: A system operable to monitor the consumption of a commodity at the premises of a consumer may comprise a billing system interfacing with suppliers and retailers of the commodity to facilitate the purchase and distribution of the commodity. The billing system may include a payment structure that can alleviate the burden of consumers having to pay for an entire delivery of the commodity—the consumer is only responsible for paying for the amount actually consumed during a time period at a prevailing price during that time—as well as significantly reduce a retailer's working capital required to float the purchase of the commodity before it is paid by its consumers. Such a billing system and payment structure may eliminate or reduce the need for a retailer to borrow against receivables to pay for such purchases.
    Type: Grant
    Filed: July 31, 2014
    Date of Patent: April 3, 2018
    Inventor: Philip J. Baratz
  • Patent number: 8972294
    Abstract: A new ecosystem may comprise a central system operable to monitor the consumption of a commodity at the premises of a consumer, interface with suppliers and retailers of the commodity and perhaps tank monitors, process data collected therefrom, and implement a payment structure that can alleviate the burden of consumers having to pay for an entire delivery of the commodity—the consumer is only responsible for paying for the amount actually consumed during a time period at a prevailing price during that time. The payment structure can also significantly reduce a retailer's working capital required to float the purchase of the commodity before it is paid by its consumers. The central system may provide a web based user interface through which a consumer can lock in a price to pay for the commodity. Alternatively, the price may be fixed when the commodity was delivered to the consumer's tank.
    Type: Grant
    Filed: July 27, 2012
    Date of Patent: March 3, 2015
    Inventor: Philip J. Baratz
  • Publication number: 20140344148
    Abstract: A system operable to monitor the consumption of a commodity at the premises of a consumer may comprise a billing system interfacing with suppliers and retailers of the commodity to facilitate the purchase and distribution of the commodity. The billing system may include a payment structure that can alleviate the burden of consumers having to pay for an entire delivery of the commodity—the consumer is only responsible for paying for the amount actually consumed during a time period at a prevailing price during that time—as well as significantly reduce a retailer's working capital required to float the purchase of the commodity before it is paid by its consumers. Such a billing system and payment structure may eliminate or reduce the need for a retailer to borrow against receivables to pay for such purchases.
    Type: Application
    Filed: July 31, 2014
    Publication date: November 20, 2014
    Inventor: Philip J. Baratz
  • Patent number: 8825546
    Abstract: A system operable to monitor the consumption of a commodity at the premises of a consumer may comprise a billing system interfacing with suppliers and retailers of the commodity to facilitate the purchase and distribution of the commodity. The billing system may include a payment structure that can alleviate the burden of consumers having to pay for an entire delivery of the commodity—the consumer is only responsible for paying for the amount actually consumed during a time period at a prevailing price during that time—as well as significantly reduce a retailer's working capital required to float the purchase of the commodity before it is paid by its consumers. Such a billing system and payment structure may eliminate or reduce the need for a retailer to borrow against receivables to pay for such purchases.
    Type: Grant
    Filed: July 27, 2012
    Date of Patent: September 2, 2014
    Inventor: Philip J. Baratz
  • Publication number: 20130041815
    Abstract: A system operable to monitor the consumption of a commodity at the premises of a consumer may comprise a billing system interfacing with suppliers and retailers of the commodity to facilitate the purchase and distribution of the commodity. The billing system may include a payment structure that can alleviate the burden of consumers having to pay for an entire delivery of the commodity—the consumer is only responsible for paying for the amount actually consumed during a time period at a prevailing price during that time—as well as significantly reduce a retailer's working capital required to float the purchase of the commodity before it is paid by its consumers. Such a billing system and payment structure may eliminate or reduce the need for a retailer to borrow against receivables to pay for such purchases.
    Type: Application
    Filed: July 27, 2012
    Publication date: February 14, 2013
    Inventor: Philip J. Baratz
  • Publication number: 20130041795
    Abstract: A new ecosystem may comprise a central system operable to monitor the consumption of a commodity at the premises of a consumer, interface with suppliers and retailers of the commodity and perhaps tank monitors, process data collected therefrom, and implement a payment structure that can alleviate the burden of consumers having to pay for an entire delivery of the commodity—the consumer is only responsible for paying for the amount actually consumed during a time period at a prevailing price during that time. The payment structure can also significantly reduce a retailer's working capital required to float the purchase of the commodity before it is paid by its consumers. The central system may provide a web based user interface through which a consumer can lock in a price to pay for the commodity. Alternatively, the price may be fixed when the commodity was delivered to the consumer's tank.
    Type: Application
    Filed: July 27, 2012
    Publication date: February 14, 2013
    Inventor: Philip J. BARATZ