Brent Teitel

Title: Brent Teitel: Inventor of a Real-Time Point-of-Sale Payment Method.

Introduction

Brent Teitel is an inventor based in San Francisco, California. His patent work includes a method for enabling instant payments at the point of sale through a real-time payment rail. Teitel is associated with Wells Fargo Bank, N.A.

Latest Patents

Teitel is named on one patent: “Instant Payments at Point of Sale via Real Time Payment Rail.” The invention describes determining a payment amount after receiving a transaction request and sending transaction data, including that amount, to a user’s device. The user can then request a funds transfer through a payment rail and provide account information identifying the institution associated with the device. Once the receiving institution confirms that it has received the funds, the confirmation is sent to the point-of-sale terminal. The patent record lists 1 patent for Teitel.

Career Highlights

The patent reflects work on connecting point-of-sale transactions with real-time payment infrastructure. Its described process coordinates the user’s device, the originating financial institution, the payment rail, the receiving institution, and the terminal to support payment confirmation.

Collaborations

Teitel’s listed coworker is Michelle E. Ziolkowski. The available information identifies their professional association but does not specify a particular joint project.

Conclusion

Brent Teitel’s patent focuses on facilitating point-of-sale payments through a real-time payment rail, with confirmation delivered to the terminal after funds are received.