Abhinav Bhatt

Title: Abhinav Bhatt: Innovator in Invoice Management Technology

Introduction

Abhinav Bhatt is a prolific inventor based in Rye Brook, NY, known for his contributions to innovative technologies in the financial sector. With a total of two patents to his name, he has made significant strides in simplifying and enhancing payment processes.

Latest Patents

Abhinav's latest patents focus on a cutting-edge method and system for facilitating invoice data, payment credit transfers, real-time package tracking, and account-to-account payments on delivery. This method involves several innovative steps: it begins with the reception of invoice data upon presentation by a distributor to a recipient at a delivery location. The recipient can modify and accept the invoice, leading to the generation of a Request for Payment (RFP) message based on the invoice data. This RFP message is then transmitted to a financial institution associated with the recipient via the distributor's financial institution. The system receives a payment confirmation for the invoice from the distributor's bank, based on a real-time payment from the recipient's financial institution. Finally, it generates reconciliation data based on the payment confirmation and the original invoice data, transmitting this data to both the distributor's and recipient's computing devices. This innovative approach greatly improves the efficiency of invoice tracking and payment processes in real time.

Career Highlights

Abhinav Bhatt is currently employed at Mastercard International Incorporated, where he utilizes his expertise in technology to enhance their payment systems. His work focuses on improving invoice management and payment solutions, aligning with the company’s mission to accelerate digital payments globally.

Collaborations

Throughout his career at Mastercard, Abhinav has collaborated with talented coworkers such as Viviane Sabat and Andrea Christine Gilman. Together, they work towards advancing innovative solutions that streamline financial transactions and enhance user experiences.

Conclusion

Abhinav Bhatt's inventive spirit and dedication to innovation make him a notable figure in the realm of financial technology. His patents not only showcase his ingenuity but also reflect his commitment to driving advancements that facilitate modern payment systems. With these contributions, Abhinav continues to pave the way for the future of invoice management and financial interactions.