Cristobel Kay Von Walstrom

Title: Cristobel Kay von Walstrom: Innovating Merchant Data Cleansing in the Clearing Record

Introduction:

Cristobel Kay von Walstrom, an inventive mind based in Los Angeles, California, has made significant contributions to the field of cashless transactions and merchant data cleansing. With a total of three patents to his name, his latest innovation has revolutionized how payment device issuers handle transaction records. Let's delve into the details of his groundbreaking work and the company he is associated with.

Latest Patents:

Cristobel Kay von Walstrom's recent patents revolve around merchant data cleansing in the clearing record. In this innovative approach, a network operator acts as an intermediary in cashless transactions by providing payment device issuers with outbound clearing data files that are enriched with cleansed merchant data. By participating in this service, issuers are equipped with accurate and augmented merchant information, holding immense potential for cost reduction associated with cardholders' "do not recognize" calls, disputed charges, and charge-backs.

Clearing records are enhanced with cleansed information, ensuring device holders have access to accurate merchant details within their transaction statements. Additionally, this disclosure allows for the inclusion of merchant-specific add-ons and aggregate data that is currently not part of the transaction clearing record. Such additional information proves valuable to issuers, both in terms of form and content.

Company Involvement:

Cristobel Kay von Walstrom's remarkable work takes place at Mastercard, a renowned global payments technology company, headquartered in New York, USA. Mastercard, with its commitment to innovation, provides a fertile ground for inventors like Cristobel to develop and implement groundbreaking ideas that shape the future of financial transactions.

Collaborators:

In pursuit of excellence, Cristobel Kay von Walstrom has worked alongside talented individuals who have complemented his inventive endeavors. Some notable colleagues include Ana Paula Martinez Prada Peyser and Bruce Macnair. Their collective expertise and collaborative efforts have undoubtedly played a crucial role in the success of Cristobel's innovative ideas.

Conclusion:

Cristobel Kay von Walstrom's patents in merchant data cleansing have greatly impacted the sphere of cashless transactions, providing solutions that not only enhance data accuracy but also reduce costs for payment device issuers. With his association with the esteemed Mastercard, a company dedicated to pioneering technological advancements in payment systems, Cristobel's contributions continue to shape the future of financial transactions.