Mark Woelfer

Title: Mark Woelfer: Innovator in Dispute Resolution Technologies

Introduction

Mark Woelfer is a notable inventor based in Aliso Viejo, California. He has made significant contributions to the field of dispute resolution through his innovative patents. With a total of 2 patents, Woelfer has developed systems that enhance the efficiency of processing disputes in various transactions.

Latest Patents

One of Woelfer's latest patents is titled "Method and system for efficient dispute resolution." This invention describes systems and techniques aimed at reducing the submission of disputes while increasing the efficiency of the dispute resolution process. The system allows for additional information related to a conducted transaction to be provided through application programming interface calls made to a resource provider. In this system, a dispute request is received from a client computing device, which includes a transaction identifier associated with the transaction. The system then determines the resource provider linked to the transaction and sends an alert notification regarding the dispute request, which includes the transaction identifier. Within a predetermined period, the system receives a credit notification for the transaction from the resource provider.

Another significant patent by Woelfer is the "Integrated merchant purchase inquiry and dispute resolution system." This invention addresses the scenario where an account holder disputes a transaction with a merchant. The issuer of the account may request additional transaction details from the merchant through an integrated dispute resolution platform. A real-time purchase inquiry is sent to the merchant, requesting detailed information about the transaction. The merchant can respond in real-time, and the communication between the issuer, the integrated platform, and the merchant is designed to be sessionless, allowing for efficient processing of inquiries.

Career Highlights

Mark Woelfer is currently employed at Visa International Service Association, where he continues to innovate in the field of financial technology and dispute resolution. His work at Visa has allowed him to apply his inventive ideas in a practical setting, contributing to the advancement of transaction processing systems.

Collaborations

Throughout his career, Woelfer has collaborated with notable colleagues, including Richard Stopic and David Richey. These collaborations have fostered an environment of innovation and have led to the development of impactful technologies in the industry.

Conclusion

Mark Woelfer is a distinguished inventor whose work in dispute resolution technologies has made a significant impact on transaction processing. His innovative patents reflect his commitment to enhancing efficiency in financial systems.