Nikolas Terani

Title: The Innovative Mind of Nikolas Terani

Introduction

Nikolas Terani is a prominent inventor based in Woodland Hills, CA. He has made significant contributions to the field of technology, particularly in online payment systems. With a total of 3 patents to his name, Terani's work focuses on minimizing risks associated with online transactions.

Latest Patents

One of Terani's latest patents is aimed at minimizing risks posed to online services. This system receives a request for payment of a transaction between a vendor and a consumer. It sends a first request to a database associated with the online service for historical transactions and personal attributes of the vendor, concurrently with sending a second request to various third-party services for credit information and personal attributes of the consumer. The system then receives information responsive to both requests and obtains a risk score for the transaction based on an application of one or more risk assessment rules by a machine learning model. This model is trained with historical transactions and personal attributes of the vendor. The system can determine whether to advance funds to the vendor based on the risk score before requesting payment from the consumer account.

Another notable patent involves a machine learning-based determination of limits on merchant use of a third-party payments system. This method includes receiving input data from disparate data sources that describe a merchant and their application to use an electronic payments system. Featurization is performed on the input data to create a machine-readable vector. By applying this vector to a machine learning model, a risk score is predicted, estimating the probability of the merchant being unable to fulfill their obligations. Based on this risk score, the business rules engine limits the merchant's use of the electronic payments system.

Career Highlights

Nikolas Terani is currently employed at Intuit, Inc., where he continues to innovate and develop solutions for online payment systems. His work has been instrumental in enhancing the security and efficiency of electronic transactions.

Collaborations

Some of his notable coworkers include Craig Alan Olague and Ross H Mills, who contribute to the collaborative environment at Intuit, Inc.

Conclusion

Nikolas Terani's innovative contributions to online payment systems demonstrate his commitment to enhancing transaction security. His patents reflect a deep understanding of technology and risk management, making him a valuable asset in the field.