Justin Chace is a notable inventor based in Redwood City, CA (US). He has made significant contributions to the field of payment processing and consumer technology. With a total of 5 patents to his name, Chace continues to push the boundaries of innovation in his industry.

Latest Patents

One of Justin Chace's latest patents is titled "Prepaid load with account linking." This invention relates to linking a prepaid account with a payment account used to fund the prepaid account. In this system, during payment for a prepaid device, an authorization request message may include a prepaid account identifier associated with the prepaid account. Additionally, an activation request message may include a payment account identifier associated with the payment account. A server at the payment processing network may store an association between the prepaid account identifier and the payment account identifier in an account link database. If the payment account is canceled, the payment processing network may use the account link database to cancel any associated prepaid accounts and transfer funds associated with corresponding prepaid accounts to an issuer associated with the payment account.

Another significant patent by Chace is "Payment processing for qualified transaction items." This invention provides systems, methods, and apparatuses for a portable consumer device, such as a plastic card, that includes a coupon code and an account number. The device is configured to apply a coupon to goods and services purchased at a merchant. Upon identifying goods and services under a particular category specified by the coupon code, a user may pay for a predetermined portion of the goods and services using the portable consumer device. The remaining portion can be paid using a benefits card. This innovation incentivizes users to purchase goods and services that fall under the specified category.

Career Highlights

Justin Chace is currently employed at Visa International Service Association, where he continues to develop innovative payment solutions. His work has had a significant impact on the way consumers interact with payment systems.

Collaborations

Chace collaborates with talented individuals in his field, including coworkers John Tullis and Mark Norris. Their combined expertise contributes to the advancement of payment technologies.

Conclusion

Justin Chace exemplifies the spirit of innovation in the payment processing industry. His patents reflect a commitment to enhancing consumer experiences and improving financial transactions. Through his work at Visa International Service Association, he continues to shape the future of payment technology

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