Company Filing History:
Years Active: 2019-2020
Title: Innovations by Mehmet Zahit Guneri
Introduction
Mehmet Zahit Guneri is an accomplished inventor based in Sunnyvale, CA. He has made significant contributions to the field of payment processing and merchant classification. With a total of 2 patents, his work focuses on enhancing the efficiency and accuracy of financial transactions.
Latest Patents
One of his latest patents is titled "Classifying merchants." This invention involves techniques and arrangements for industry vertical classification of merchants using merchant signals. These signals are compared with collected business class profiles, which can include reported data, collected data, and third-party data associated with the merchant. The techniques allow for the identification of business class profiles and the classification or reclassification of merchants within a business class.
Another notable patent is "Estimating interchange fees for card payments." This payment processing system supports purchase transactions generated by merchant point-of-sale (POS) devices. It archives information regarding these transactions and analyzes it using machine learning to create a predictive model. This model relates transaction attributes to bank interchange fees, allowing for more accurate settlement with merchants when actual interchange fee reports are not yet available.
Career Highlights
Mehmet Guneri is currently employed at Square, Inc., where he applies his innovative ideas to improve payment processing systems. His work has been instrumental in developing solutions that benefit both merchants and consumers.
Collaborations
He collaborates with talented individuals such as Matthew R. George and Jonathan Steven Landy, contributing to a dynamic work environment that fosters innovation.
Conclusion
Mehmet Zahit Guneri's contributions to the field of payment processing and merchant classification demonstrate his commitment to innovation. His patents reflect a deep understanding of the complexities involved in financial transactions, paving the way for more efficient systems in the industry.