Company Filing History:
Years Active: 2012-2014
Title: Michael William Koch: Innovator in Payment Card Technology
Introduction
Michael William Koch is an accomplished inventor based in Sandy Hook, CT (US). He has made significant contributions to the field of payment card technology, holding 2 patents that enhance the efficiency and security of financial transactions.
Latest Patents
Koch's latest patents include innovative methods and systems for providing enhanced data for co-brand payment card transactions. One of his patents describes a computer-based method for processing a payment transaction using an enhanced payment card. This method involves receiving an authorization request message associated with a merchant and transmitting an authorization response message that includes enhanced transaction data. Another patent outlines a system for processing a financial transaction through a multi-party payment card interchange network, which electronically identifies transactions involving enhanced payment cards and instructs merchants to provide additional transaction data.
Career Highlights
Michael William Koch is currently employed at Mastercard International Incorporated, where he continues to develop cutting-edge solutions in the payment processing industry. His work focuses on improving the user experience and security of payment transactions, making them more efficient for both consumers and merchants.
Collaborations
Koch collaborates with talented professionals in his field, including coworkers Brad Michael Tomchek and Robert D Reany. Their combined expertise contributes to the innovative projects at Mastercard.
Conclusion
Michael William Koch is a notable inventor whose work in payment card technology has the potential to transform the financial transaction landscape. His patents reflect a commitment to enhancing the efficiency and security of payment systems.