Company Filing History:
Years Active: 2014-2018
Title: Chris Van Matre: Innovator in Fraud Prevention Technology
Introduction
Chris Van Matre is an accomplished inventor based in Lino Lakes, MN (US). He has made significant contributions to the field of fraud prevention in money transfer transactions. With a total of 2 patents, his work focuses on enhancing security measures in financial transactions.
Latest Patents
One of Chris Van Matre's latest patents is centered on verification methods for fraud prevention in money transfer receive transactions. This innovative computer system is designed to prevent fraud during money transfer receive transactions. The process begins with a send transaction request from a sender, which includes a specified send amount. The sender is prompted to select one or more security inputs that the receiver must provide for the redemption of the money transfer. A record of the send transaction, along with the selected security inputs, is stored on a server. Subsequently, a receive transaction request is received from the receiver, who is prompted to enter the security inputs set for the redemption. The system then authenticates these inputs, and if they are verified, the release of funds in the send amount is authorized.
Career Highlights
Chris Van Matre is currently employed at MoneyGram International, Inc., where he continues to develop innovative solutions for secure money transfers. His expertise in fraud prevention technology has positioned him as a key player in the financial technology sector.
Collaborations
Throughout his career, Chris has collaborated with notable colleagues, including Keith Fulton and Billy Joe Steiger. These partnerships have contributed to the advancement of his projects and the overall success of the initiatives at MoneyGram.
Conclusion
Chris Van Matre's contributions to fraud prevention technology in money transfers highlight his innovative spirit and dedication to enhancing financial security. His patents reflect a commitment to creating safer transaction processes for users worldwide.