Company Filing History:
Years Active: 2022-2024
Title: Innovations by Luis F Rodriguez-Lemus: A Focus on Merchant Misclassification
Introduction
Luis F Rodriguez-Lemus is an inventive mind based in Stamford, Connecticut, recognized for his contributions in the field of technology through his innovative solutions. With a total of two patents to his name, he actively works at Mastercard International Incorporated, where he develops systems that enhance the accuracy of financial transactions.
Latest Patents
Rodriguez-Lemus's most recent patents focus on identifying merchant category code (MCC) misclassifications. The first patent describes a computer system utilizing a processor that communicates with both a transaction database and a merchant database. This system is designed to generate an MCC profile by analyzing transaction characteristics to accurately determine if a merchant has been misclassified. If the profile meets a certain threshold, the merchant is identified as MCC misclassified.
The second patent delves deeper into this technology, establishing a method to assess high-risk merchants. The system analyzes transaction records to calculate a high-risk cardholder metric, enabling the identification of merchants who may be incorrectly classified within the MCC framework. This comprehensive approach helps maintain the integrity of transaction processing and enhances risk assessment.
Career Highlights
Throughout his career at Mastercard, Rodriguez-Lemus has focused on developing systems that directly impact financial transaction accuracy and security. His work not only improves merchant classification but also supports broader efforts to mitigate risks associated with financial transactions.
Collaborations
Luis collaborates with esteemed colleagues such as Melinda L Rolfs and Jonathan Trivelas, further fostering innovation within his team at Mastercard International Incorporated. Together, they contribute to the ongoing development of cutting-edge solutions that advance the financial technology landscape.
Conclusion
Luis F Rodriguez-Lemus exemplifies the spirit of innovation within the financial technology sector. His patents addressing MCC misclassifications signify a crucial stride towards improving transaction accuracy, showcasing the potential of technology in refining business practices. As he continues to collaborate with his peers at Mastercard, the industry anticipates further advancements stemming from his expertise.