Location History:
- Milpitas, CA (US) (2019)
- San Ramon, CA (US) (2019)
Company Filing History:
Years Active: 2019
Title: Kannan Konath: Innovator in Payment Processing Technologies
Introduction
Kannan Konath is a notable inventor based in San Ramon, CA, who has made significant contributions to the field of payment processing technologies. With a total of 3 patents to his name, he has developed innovative solutions that enhance the security and efficiency of cashless transactions.
Latest Patents
One of Kannan's latest patents is focused on payment card policy enforcement. This invention involves a financial institution agent that works in conjunction with a payment processing network to enforce payment card policies. The advisory device intercepts messages directed to an authorization element at an authorizing bank, modifies these messages based on a set of financial policy rules, and forwards them to the authorization element. The authorization element then responds to any modifications made, issuing either a grant or denial of authorization. The financial policy rules can include various limits based on card usage type, merchant type, location, transaction amount, and more.
Another significant patent is for a system and method for secure communication for cashless transactions. This invention provides a framework for an access point that facilitates client-to-point-of-sale communication over a network. It includes processes such as receiving credentials from the point-of-sale, sending beacon messages, authenticating connections, and establishing secure HTTPS sessions between clients and point-of-sale systems.
Career Highlights
Kannan has worked with notable companies, including Ondot Systems Inc., where he has contributed to the development of innovative payment solutions. His work has been instrumental in advancing the technology used in cashless transactions.
Collaborations
Throughout his career, Kannan has collaborated with talented professionals such as Jari Malinen and Vaduvur Bharghavan. These collaborations have further enriched his work and contributed to the success of his inventions.
Conclusion
Kannan Konath is a distinguished inventor whose work in payment processing technologies has paved the way for more secure and efficient cashless transactions. His innovative patents reflect his commitment to enhancing financial technology and improving user experiences in the digital payment landscape.