Company Filing History:
Years Active: 2023-2024
Title: Martin Kressirer: Innovator in Payment Processing Technology
Introduction
Martin Kressirer is an accomplished inventor based in Wakefield, MA, specializing in payment processing technologies. He holds two patents that focus on optimizing interchange code prediction systems for credit card transactions. His innovative work has significantly contributed to the efficiency of transaction processing in the banking sector.
Latest Patents
Kressirer's latest patents include an "Optimized Interchange Code Prediction System for Processing Credit Card Transactions." This invention outlines a computer-implemented method for predicting interchange charges by utilizing historical transaction data. The process involves transforming bank identification numbers (BINs) into a set of features, training a random forest model, and executing it to predict interchange codes for new transactions.
Another notable patent is the "Low Latency Bank Card Type Prediction System for Estimation of Interchange Codes During Transaction Processing." Similar to his first patent, this invention also employs a historical transactions set to predict interchange charges. It utilizes a random forest model to enhance the accuracy and speed of interchange code predictions during transaction processing.
Career Highlights
Martin Kressirer is currently employed at Toast, Inc., where he applies his expertise in payment processing technologies. His work at Toast has allowed him to develop innovative solutions that streamline transaction processes and improve overall efficiency.
Collaborations
Kressirer collaborates with talented individuals such as Binghuan Zhang and Alan Z Zhao, contributing to a dynamic work environment that fosters innovation and creativity.
Conclusion
Martin Kressirer is a notable inventor whose contributions to payment processing technology have made a significant impact in the industry. His patents reflect a commitment to enhancing transaction efficiency and accuracy, showcasing his role as a leader in innovation.