Company Filing History:
Years Active: 2022-2025
Title: Inventor Spotlight: Lavanya Venkatanarayanan
Introduction
Lavanya Venkatanarayanan is an innovative inventor based in Phoenix, AZ, known for her contributions in the field of financial technology. With a total of three patents to her name, she has made significant strides in enhancing transaction processes through advanced technologies like blockchain.
Latest Patents
Lavanya's latest patents demonstrate her expertise and forward-thinking approach. One notable patent is for "Transaction Account Data Maintenance Using Blockchain." This invention outlines systems and methods for maintaining merchant-stored transaction account data. The innovative system allows for seamless communication between merchant systems and issuer systems via a blockchain network, facilitating updates and collaboration in response to changes or cancellations in transaction account data.
Another key patent is titled "Charge Splitting Across Multiple Payment Systems." In this invention, consumers can initiate transactions using their transaction accounts. Once authorized, the transaction account issuer notifies the consumer who can then select others to split the transaction with. This patent details a method for utilizing APIs to communicate with peer-to-peer payment systems to efficiently manage and transfer funds among users, greatly simplifying the payment process.
Career Highlights
Lavanya is currently associated with American Express Travel Related Services Company, Inc., where she continues to push the boundaries of innovation in financial services. Her work not only enhances user experience but also streamlines operational processes within the industry.
Collaborations
Throughout her career, Lavanya has collaborated with talented individuals like Faraz Babar and Aimee Cardwell. Together, they strive to innovate and improve financial technologies that benefit consumers and merchants alike.
Conclusion
Lavanya Venkatanarayanan exemplifies the spirit of innovation through her impactful patents and contributions to the financial technology sector. Her continuous efforts in collaboration and technology development represent a significant leap toward more efficient and user-friendly financial transaction systems.