Patricia Preston

Title: Innovations by Patricia Preston

Introduction

Patricia Preston is a notable inventor based in New York, NY (US), recognized for her contributions to the field of payment processing systems. With a total of five patents to her name, she has made significant strides in enhancing the efficiency and security of financial transactions.

Latest Patents

One of her latest patents is a Demand Deposit Account (DDA) payment system. This innovative method and system for processing DDA payment transactions involves generating a private virtual identifier and associating it with a DDA. Additionally, it includes generating a public virtual identifier linked to the private virtual identifier. The system allows for the distribution of the public virtual identifier to consumers, enabling the receipt of DDA payment requests from billing entities. Upon receiving a payment request, the system retrieves the private virtual identifier and processes the payment on behalf of the consumer. This method also ensures the authentication of a user's identity during transactions, enhancing security.

Career Highlights

Patricia Preston is currently employed at Mastercard International Incorporated, where she continues to innovate in the financial technology sector. Her work focuses on developing systems that streamline payment processes and improve user experience.

Collaborations

Throughout her career, Patricia has collaborated with notable colleagues, including Paul Musser and Richard Rozbicki. These partnerships have contributed to her success and the advancement of her projects.

Conclusion

Patricia Preston's work in developing advanced payment systems showcases her expertise and commitment to innovation in the financial industry. Her contributions are paving the way for more secure and efficient transaction methods.