Company Filing History:
Years Active: 2024
Title: Farzana Chilwan: Innovator in Transaction Networks
Introduction
Farzana Chilwan is a notable inventor based in New York, NY (US). She has made significant contributions to the field of transaction networks, particularly in card payment systems. Her innovative approach has led to the development of a unique patent that enhances the flexibility of interchange values in commercial transactions.
Latest Patents
Farzana holds a patent titled "Transaction network with commercial flexible interchange." This invention outlines a method for providing flexibility in interchange values during card payments. The process involves receiving an authorization request for payment, which includes buyer account information and an interchange value. Upon confirming that both the issuer and acquirer are registered in the commercial flexible interchange program, the authorization request is sent to the issuer. The system then processes the authorization response, determining whether the transaction is authorized or declined. If declined, the response is passed to the acquirer. If authorized, the interchange value is stored, and the authorization response is sent accordingly. This patent showcases her expertise in enhancing transaction efficiency and security.
Career Highlights
Farzana Chilwan is currently employed at Mastercard International Incorporated, where she continues to innovate in the financial technology sector. Her work focuses on improving transaction processes and ensuring seamless payment experiences for users. With her extensive knowledge and experience, she has become a valuable asset to her team and the company.
Collaborations
Farzana collaborates with talented professionals such as Ankush Gupta and Srinivasan Chandrasekharan. Together, they work on advancing technologies that facilitate better payment solutions and enhance user experiences in the financial industry.
Conclusion
Farzana Chilwan is a pioneering inventor whose work in transaction networks has the potential to transform the card payment landscape. Her innovative patent reflects her commitment to improving financial transactions, making her a key figure in the industry.