Company Filing History:
Years Active: 2023-2024
Title: Innovations by Dattesh Naik in Payment Security
Introduction
Dattesh Naik is an accomplished inventor based in Pune, India, known for his contributions to payment security technologies. With a total of two patents to his name, he has made significant strides in developing methods that enhance the security of payment transactions.
Latest Patents
Dattesh Naik's latest patents include innovative systems designed to prevent fraudulent payment transactions. One of his notable inventions outlines a method performed by an issuer system associated with a user's payment account. This method generates unique data for a payment transaction upon the approval of a payment transaction authorization request signal. It facilitates the encryption of this unique data based on an encryption key and sends a payment transaction authorization response signal to the payment server associated with the payment network. The system processes the payment transaction upon receiving a notification of successful validation from the payment server, which decrypts the unique data to ensure it matches the payment data associated with the authorization request.
Another significant patent focuses on authenticating the location of a payment acceptance device. This method involves receiving a transaction request that includes merchant data and location information. The system retrieves a payment acceptance device identifier from a database and authenticates the location by comparing the received location information with the registered location of the payment acceptance device.
Career Highlights
Dattesh Naik is currently employed at Mastercard International Incorporated, where he applies his expertise in payment technologies. His work is pivotal in enhancing the security measures that protect users during financial transactions.
Collaborations
Dattesh collaborates with talented professionals in his field, including colleagues Ravi Pareek and Praveen Teragankar. Their combined efforts contribute to the innovative solutions developed at Mastercard.
Conclusion
Dattesh Naik's contributions to payment security through his patents reflect his commitment to innovation in the financial technology sector. His work not only enhances transaction security but also sets a standard for future developments in the industry.