Alonso Araujo

Title: Innovations by Alonso Araujo

Introduction

Alonso Araujo is an accomplished inventor based in New York, NY (US). He has made significant contributions to the field of payment systems and invoice management. With a total of 2 patents to his name, Araujo's work focuses on enhancing the efficiency of financial transactions.

Latest Patents

Araujo's latest patents include a method and system for facilitating invoice data, payment credit transfers, real-time package tracking, and account-to-account payment on delivery. This innovative method allows for real-time invoice updating and account-to-account payment. It involves receiving invoice data based on the presentation of an invoice 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. This message is transmitted to a financial institution associated with the recipient via the distributor's financial institution. The process includes receiving a payment confirmation for the invoice based on a real-time payment and generating reconciliation data, which is then transmitted to both the distributor's and recipient's computing devices.

Career Highlights

Araujo is currently employed at Mastercard International Incorporated, where he continues to develop innovative solutions in the financial technology sector. His work has been instrumental in streamlining payment processes and enhancing user experience in financial transactions.

Collaborations

Some of Araujo's notable coworkers include Viviane Sabat and Andrea Christine Gilman. Their collaboration has contributed to the advancement of projects within the company.

Conclusion

Alonso Araujo's contributions to the field of payment systems and invoice management demonstrate his commitment to innovation. His patents reflect a deep understanding of the complexities involved in financial transactions, paving the way for more efficient solutions in the industry.