James E Pastrana

Title: James E Pastrana: Innovator in Reward Calculation Systems

Introduction

James E Pastrana is an accomplished inventor based in O'Fallon, MO (US). He has made significant contributions to the field of payment processing and customer rewards systems. His innovative approach has led to the development of a unique patent that enhances the efficiency of reward calculations and disbursements.

Latest Patents

James E Pastrana holds a patent for a "Method and apparatus for reward calculation and disbursement." This invention involves methods and systems for receiving purchase transaction data and identifying transactions that qualify for customer rebates. In this system, a transaction clearing computer of a payment processing network receives purchase transaction data from various acquirer financial institutions. The rewards system computer then identifies qualifying transactions based on this data and initiates the crediting of rebate amounts to payment card accounts of cardholders. Additionally, it charges the rebate amounts to merchant accounts associated with the qualifying transactions.

Career Highlights

James E Pastrana is currently employed at Mastercard International Incorporated, where he continues to innovate in the financial technology sector. His work focuses on improving customer experiences through effective reward systems. His contributions have been instrumental in shaping modern payment processing solutions.

Collaborations

James has collaborated with notable colleagues, including Christopher P Aguas and Jay A Coisman. These partnerships have fostered a creative environment that encourages the development of cutting-edge technologies in the payment processing industry.

Conclusion

James E Pastrana is a notable inventor whose work in reward calculation systems has made a significant impact on the financial technology landscape. His patent reflects a commitment to enhancing customer experiences through innovative solutions.