Ankur Kulshreshtha

Title: Innovations by Ankur Kulshreshtha in Mobile Payment Technologies

Introduction

Ankur Kulshreshtha is a prominent inventor based in Newark, DE, known for his contributions to mobile payment technologies. With a notable record of two patents, he has developed systems that enhance security and manage spending for mobile devices.

Latest Patents

Ankur’s latest patents include groundbreaking technologies that are shaping how transactions are conducted in the digital age. One of his patents, titled "Systems and Methods for Using a Cryptogram Lockbox," reveals a method for generating cryptograms that ensure transaction security through a merchant-specific cryptogram lockbox. This system allows for the generation of a cryptogram locally by utilizing limited use keys associated with account identifiers provided by customers.

The second patent, "System and Method for Mobile Device Limits," provides innovative methods for configuring spending or credit limits for individual mobile devices on the same account, such as credit cards. This involves setting a unique token ID to each mobile device to evaluate available spending limits during mobile payment transactions, enabling primary account holders to effectively manage their expenditures.

Career Highlights

Ankur has made remarkable strides in his career working with J.P. Morgan Chase Bank, N.A., where he has applied his inventive skills to advance financial technologies. His role entails collaborating on innovative solutions that align with the rapidly evolving payment landscape.

Collaborations

Throughout his career, Ankur has worked alongside notable colleagues such as Howard Spector and Eric L. Connolly. Their collaborative efforts have played a significant role in enhancing the company's technological offerings and developing new products that meet industry demands.

Conclusion

Ankur Kulshreshtha's inventive work in mobile payment technologies exemplifies the impact that innovation can have on financial practices. With his patents focused on transaction security and spending management, he is paving the way for safer and more efficient payment solutions in today’s tech-driven world. His contributions continue to influence the financial industry positively and demonstrate the vital role of inventive minds in shaping the future.