Mark S Saum

Title: Mark S Saum: Innovator in Payment Solutions

Introduction

Mark S Saum is a notable inventor based in Plano, TX (US), recognized for his contributions to payment technology. He holds 2 patents that focus on enhancing merchant-consumer interactions through innovative systems.

Latest Patents

One of his latest patents is a system and method for managing merchant-consumer interactions. This invention describes a system that combines a payment mechanism with an offer to consumers. It includes a virtual payment account number generation engine that creates virtual payment account numbers for use in transactions at merchants. The system also allows for a portion of the virtual payment account number to be sent as a checkout code to consumers via their mobile devices. Additionally, an offer generation engine is utilized to set rules for offers, create funds for these offers, and determine individual consumer eligibility. The offer is processed as part of the payment transaction using the virtual payment account number.

Career Highlights

Mark S Saum is currently associated with Modopayments, LLC, where he continues to develop innovative solutions in the payment industry. His work focuses on improving the efficiency and effectiveness of consumer transactions.

Collaborations

He collaborates with talented individuals such as Gregory W Harvey and Samuel N Brown, contributing to a dynamic work environment that fosters innovation.

Conclusion

Mark S Saum's work in payment solutions exemplifies the intersection of technology and consumer engagement. His patents reflect a commitment to enhancing the payment experience for both merchants and consumers.