Naresh Bhandari

Title: Innovations by Naresh Bhandari in Point of Sale Technology

Introduction

Naresh Bhandari is an accomplished inventor based in Phoenix, Arizona. With a total of three patents to his name, he has made significant contributions to the field of point of sale technology. His latest innovations aim to enhance transaction security, even when connection to a network is unavailable.

Latest Patents

Naresh's most recent patent focuses on the method of sending a cryptogram to a point of sale (POS) terminal while being disconnected from a network. The invention outlines various embodiments for securely transmitting a cryptogram by utilizing a computing device that can prompt users for a transaction account selection. By retrieving an encrypted session key through a network and decrypting it, the system establishes a wireless connection with the POS terminal, allowing for secure transactions without needing constant internet access.

Another aspect of Naresh’s patent involves detecting a point of sale and receiving a personal identification number (PIN). This system generates a PIN-based key using a message digest of the PIN. It subsequently decrypts a data encryption key (DEK) using the generated PIN-based key, which further allows the generation of a DEK-based dynamic key. This innovation demonstrates a comprehensive method for ensuring transaction integrity even in cases of network disconnection.

Career Highlights

Naresh Bhandari is associated with American Express Travel Related Services Company, Inc., a renowned entity in the financial services industry. His expertise in developing secure transaction technologies is a notable highlight of his career, placing him at the forefront of innovations in payment processing.

Collaborations

Throughout his journey in the field of innovation, Naresh has collaborated with notable colleagues such as Manish K Deliwala and Ajay Babu Maddukuri. Their combined insights and expertise contribute to the evolution of technology and their ongoing efforts to enhance transactional security at American Express.

Conclusion

Naresh Bhandari's inventive work on secure cryptographic solutions in point of sale technology highlights the crucial intersection of security and usability in financial transactions. His contributions not only showcase personal ingenuity but also reflect the importance of collaboration within the industry. As technology continues to evolve, the impact of his work is poised to play a crucial role in shaping secure transactional practices in the years to come.