Alan Z Zhao is a prominent inventor based in Cambridge, MA, known for his significant contributions to the field of credit card transaction processing. With a total of nine patents to his name, Zhao has developed innovative systems that enhance the efficiency and accuracy of interchange code predictions.

Latest Patents

Zhao's latest patents include the "Interchange Code Prediction System for Processing Credit Card Transactions" and the "Optimized Interchange Code Prediction System for Processing Credit Card Transactions." Both patents describe a computer-implemented method for predicting interchange charges. The process involves retrieving a historical transactions set, transforming bank identification numbers (BINs) into a plurality of BIN features, and creating training sets for a random forest model. This model is trained to predict interchange codes for new transactions, thereby streamlining the transaction process and improving accuracy.

Career Highlights

Alan Z Zhao is currently employed at Toast, Inc., where he continues to innovate in the financial technology sector. His work focuses on developing systems that leverage machine learning to optimize transaction processing.

Collaborations

Zhao collaborates with notable colleagues, including Kevin A Vo and Jared J Rand, who contribute to the advancement of their projects and innovations.

Conclusion

Alan Z Zhao's work in credit card transaction processing exemplifies the impact of innovative thinking in the financial technology industry. His patents not only enhance transaction efficiency but also pave the way for future advancements in the field.

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