Kyle Matson

Title: Innovations by Kyle Matson in Payment Technologies

Introduction

Kyle Matson is an accomplished inventor based in San Francisco, CA, known for his contributions to payment technologies. With a total of three patents to his name, Matson has made significant strides in enhancing the efficiency of point-of-sale transactions. His innovative approaches have the potential to transform how merchants handle payments.

Latest Patents

One of Matson's latest patents focuses on expedited point-of-sale merchant payments. This payment service is designed to receive interaction data from multiple entities and analyze these interactions to identify those eligible for expedited payment. The expedited payment allows for near real-time fund transfers to a financial account of an entity. A user interface is presented via an entity device, showcasing eligible interactions. A pop-up window can be overlaid on this interface, allowing users to request expedited payments for selected interactions. Upon receiving a selection, the system initiates the expedited payment, while non-expedited payments are processed for remaining interactions.

Another patent by Matson also addresses expedited point-of-sale merchant payments. This service supports purchase transactions generated by merchant point-of-sale devices. As transactions occur, the payment service evaluates the risk of chargebacks for each transaction. Merchants are notified when expedited payment is available for transactions deemed to have low chargeback risks. They can then initiate expedited payments using a debit card linked to their bank accounts, while other transactions are settled through batch funds transfers.

Career Highlights

Throughout his career, Kyle Matson has worked with notable companies such as Square, Inc. and Block, Inc. His experience in these organizations has allowed him to refine his skills and contribute to the development of innovative payment solutions.

Collaborations

Matson has collaborated with talented individuals in the field, including Robert Harrison Gilliam and Edward Chung. These partnerships have fostered a creative environment that encourages the development of groundbreaking technologies.

Conclusion

Kyle Matson's work in payment technologies exemplifies the impact of innovation on the financial sector. His patents not only enhance the efficiency of transactions but also pave the way for future advancements in payment processing.