Obinna Nwokolo

Title: Obinna Nwokolo: Innovator in Transaction Data Tokenization

Introduction

Obinna Nwokolo is a prominent inventor based in New York, NY (US). He has made significant contributions to the field of payment processing through his innovative patents. With a total of 3 patents, Nwokolo has focused on enhancing the security and efficiency of cashless transactions.

Latest Patents

One of Nwokolo's latest patents is centered around transaction data tokenization. This system and method involve tokenizing sensitive cardholder payment information for use in cashless transactions. The process begins with receiving a request to process a transaction between a merchant and a purchaser using first payment data stored with an electronic wallet provider. The first payment data is retrieved and tokenized into a payment token, which is then provided to the merchant. This payment token is subsequently detokenized into second payment data, ensuring the authenticity of the payment token. The payment for the transaction is processed using this second payment data, and the merchant receives a response indicating the success or failure of the payment processing.

Career Highlights

Throughout his career, Nwokolo has worked with notable companies, including Mastercard International Incorporated. His experience in the payment processing industry has equipped him with the knowledge and skills necessary to develop innovative solutions that address the challenges of cashless transactions.

Collaborations

Nwokolo has collaborated with various professionals in his field, including his coworker Daniel J Goodman. These collaborations have contributed to the development of his innovative patents and have helped advance the technology in payment processing.

Conclusion

Obinna Nwokolo is a key figure in the realm of transaction data tokenization, with a focus on improving the security of cashless transactions. His contributions through his patents reflect his commitment to innovation in the payment processing industry.