Matthew P Schlachtman

Title: Innovations by Matthew P Schlachtman

Introduction

Matthew P Schlachtman is an accomplished inventor based in San Francisco, CA. He has made significant contributions to the field of payment systems, holding a total of 7 patents. His work focuses on enhancing transaction security and efficiency through innovative methods.

Latest Patents

One of his latest patents is titled "Systems and methods for preferring payments using a social background check." This invention describes a system that facilitates payments and transactions by utilizing social background checks. The system leverages social networks, allowing individual members to communicate with a social authentication computing system. The authentication of transactions associated with financial institutions is determined through relationship measures based on social media interactions. The services available to users are influenced by their social identity, as assessed through social media platforms. By analyzing contact and interaction data from various social media platforms, the system evaluates the trust level of transactions, reducing the risk of fraudulent activity. Transactions deemed low-risk benefit from faster processing times and other enhancements.

Career Highlights

Matthew currently works at Wells Fargo Bank, N.A., where he applies his expertise in developing innovative payment solutions. His contributions have been instrumental in advancing the bank's technological capabilities in transaction processing.

Collaborations

Throughout his career, Matthew has collaborated with notable colleagues, including Thomas E Gross and Kimarie Pike Matthews. These partnerships have fostered a creative environment that encourages the development of groundbreaking ideas.

Conclusion

Matthew P Schlachtman is a prominent inventor whose work in payment systems is shaping the future of financial transactions. His innovative approaches are paving the way for more secure and efficient payment methods.