Matthew J Farrell

Title: Matthew J Farrell: Innovator in Mobile Payment Systems

Introduction

Matthew J Farrell is a notable inventor based in San Jose, California. He has made significant contributions to the field of mobile payment systems, particularly through his innovative patent that enhances the functionality of point-of-sale (POS) systems.

Latest Patents

Matthew J Farrell holds a patent for a mobile payment system that enables a merchant's storefront POS system to accept payment transactions verified by SMS messaging with the buyer's mobile phone. This system authorizes payments by sending a Short Message Service (SMS) text message or secure hypertext transfer protocol (HTTPS) request to a customer's mobile device. The customer is required to respond to the SMS or HTTPS request to complete the transaction. The SMS payment software-plugin is installed on the POS terminal, which activates when a customer opts to pay via SMS. The process involves entering the customer's mobile phone number and zip code or POS PIN on the terminal, sending a request to the SMS payment system, and receiving an approval code from the customer to finalize the transaction.

Career Highlights

Matthew J Farrell is currently employed at Koin, Inc., where he continues to develop innovative solutions in the payment processing industry. His work focuses on enhancing the security and efficiency of mobile transactions, making it easier for consumers to make purchases using their mobile devices.

Collaborations

Some of his notable coworkers include Bahman Qawami and Branimir Z Talaich, who contribute to the innovative environment at Koin, Inc. Their collaborative efforts help drive advancements in mobile payment technologies.

Conclusion

Matthew J Farrell's contributions to mobile payment systems exemplify the innovative spirit of modern technology. His patent for SMS-based payment verification represents a significant advancement in the way transactions are conducted, enhancing both security and convenience for consumers.