Edward Cletus Seaver

Title: The Innovative Contributions of Edward Cletus Seaver

Introduction

Edward Cletus Seaver is a notable inventor based in Sandy Hook, Connecticut. He has made significant contributions to the field of financial technology, particularly in the area of payment card transactions. With a total of 2 patents to his name, Seaver's work has had a meaningful impact on how transactions are processed in modern commerce.

Latest Patents

Seaver's latest patents focus on methods and systems for providing enhanced data for co-brand payment card transactions. One of his patents describes a computer-based method for processing a payment transaction using an enhanced payment card. This method involves receiving an authorization request message associated with a merchant and transmitting an authorization response message back to the merchant. The response includes an instructing message that directs the merchant to send an addendum file containing enhanced transaction data.

Another patent outlines a method and system for processing a financial transaction using an enhanced payment card through a multi-party payment card interchange network. This innovation includes receiving an authorization request message at a computer associated with the interchange network and electronically identifying the transaction as involving the enhanced payment card. The system adds a product code to the authorization request message, ensuring that the transaction is recognized as an enhanced payment card transaction.

Career Highlights

Edward Cletus Seaver is currently employed at Mastercard International Incorporated, where he continues to develop innovative solutions in the payment processing sector. His work at Mastercard has allowed him to contribute to advancements that enhance the efficiency and security of financial transactions.

Collaborations

Seaver has collaborated with notable colleagues such as Brad Michael Tomchek and Robert D Reany. These partnerships have fostered a creative environment that encourages the development of cutting-edge technologies in the financial industry.

Conclusion

Edward Cletus Seaver's contributions to the field of payment technology exemplify the importance of innovation in enhancing financial transactions. His patents reflect a commitment to improving the efficiency and security of payment systems, making a lasting impact on the industry.