Jared J Rand, a prolific inventor based in West Roxbury, MA, has made significant contributions to the financial technology sector. With four patents to his name, his work primarily focuses on enhancing capital origination processes and improving patron experiences in commercial establishments.

Latest Patents

Rand's latest innovations include two noteworthy patents:

1. **System for automated origination of capital based on point-of-sale data informed by location** - This system integrates a rate processor, revenue forecaster, and offer processor. The rate processor generates competitive pricing for capital offers by leveraging the probability of default values derived from historical point-of-sale (POS) data. The revenue forecaster uses this data along with the locations of establishments to predict future POS data and total revenues over a specified payback period. The offer processor then crafts tailored capital product offers for each subscriber.

2. **Multichannel system for patron identification and dynamic ordering experience enhancement** - This method aims to increase transaction amounts by utilizing transaction data that includes personally identifiable information (PII). By extracting and analyzing this information, Rand's system creates a universal guest record (UGR) to enhance the customer experience. Through this, establishments can display tailored content on POS terminals that encourages patrons to increase their transaction amounts.

Career Highlights

Currently, Jared J Rand is employed at Toast, Inc., a company known for digitally transforming the restaurant industry by providing a comprehensive platform for various operational needs. His innovative work is pivotal in shaping the future of transaction processing and customer engagement in commercial environments.

Collaborations

At Toast, Inc., Rand collaborates with talented individuals such as Alan Z Zhao and Kevin A Vo. Together, their expertise contributes to creating groundbreaking solutions that address real-world challenges in finance and customer interactions.

Conclusion

In summary, Jared J Rand's contributions to the field of financial technology through his patented innovations are reshaping how establishments approach capital origination and customer transactions. His collaborative efforts at Toast, Inc. further amplify the impact of his inventions, showcasing the immense potential of technology in enhancing business operations.

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