Location History:
- Phoenix, AZ (US) (2020)
- Paradise Valley, AZ (US) (2022 - 2023)
Company Filing History:
Years Active: 2020-2025
Title: The Innovative Mind of Faraz Babar
Introduction
Faraz Babar is a notable inventor based in Paradise Valley, AZ (US). He has made significant contributions to the field of technology, particularly in the realm of financial systems and blockchain applications. With a total of four patents to his name, Babar is recognized for his innovative solutions that enhance transaction processes.
Latest Patents
One of Faraz Babar's latest patents is focused on "Transaction account data maintenance using blockchain." This invention discloses systems and methods for maintaining merchant-stored transaction account data. The system facilitates communication between various merchant systems and issuer systems via a blockchain network. It provides a collaborative process for updating and maintaining transaction account data in response to changes or cancellations.
Another significant patent is "Charge splitting across multiple payment systems." This invention allows consumers to initiate transactions using a transaction account. Upon authorization of the transaction, the issuer transmits a notification to the consumer. The consumer can then select requestees to split the transaction, and the issuer sends instructions to peer-to-peer payment systems to facilitate the payment transfer.
Career Highlights
Faraz Babar is currently employed at American Express Travel Related Services Company, Inc. His work at this prestigious company allows him to apply his innovative ideas in a practical setting, contributing to advancements in financial technology.
Collaborations
Some of his notable coworkers include Lavanya Venkatanarayanan and Aimee Cardwell. Their collaboration fosters a creative environment that encourages the development of groundbreaking solutions in the industry.
Conclusion
Faraz Babar's contributions to the field of technology through his patents demonstrate his innovative spirit and commitment to improving transaction processes. His work continues to influence the financial technology landscape, showcasing the importance of innovation in today's digital world.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.