Janos Z Mako

Title: Innovations by Janos Z Mako

Introduction

Janos Z Mako is a notable inventor based in North Andover, MA (US). He has made significant contributions to the field of payment transaction risk assessment. With a total of 4 patents to his name, Mako's work focuses on enhancing the security and efficiency of payment systems.

Latest Patents

Mako's latest patents include a method and system for assessing merchant risk during payment transactions. This innovative system allows a consumer to tender a transaction card to a merchant for purchasing goods or services. The merchant's payment device, such as a payment terminal or mobile communication device, processes the payment using a risk assessment system. The card data received by the payment device is sent to the risk assessment system, which processes the data and generates an indicator representing the risk associated with accepting payment. This risk indicator provides the merchant with crucial input regarding the likelihood of fraud or chargebacks. If the risk level is deemed too high, the merchant has the option to reject the card. The risk indicator is based on various data sources, including the consumer's credit history and identity.

Career Highlights

Janos Z Mako is currently employed at Intuit, Inc., where he continues to innovate in the field of payment systems. His work has been instrumental in developing solutions that enhance transaction security for merchants and consumers alike.

Collaborations

Mako collaborates with talented individuals such as Eric F Kowalchyk and See Yew Mo, contributing to a dynamic work environment that fosters innovation.

Conclusion

Janos Z Mako's contributions to payment transaction risk assessment demonstrate his commitment to improving financial security. His innovative patents and collaborative efforts at Intuit, Inc. highlight his role as a significant figure in the field of technology and finance.