Peter Meffert

Title: The Innovative Mind of Peter Meffert

Introduction

Peter Meffert is a notable inventor based in Hillsborough, CA (US). He has made significant contributions to the field of payment transaction systems. His innovative approach has led to the development of a unique patent that enhances the profitability of payment transactions.

Latest Patents

Peter Meffert holds a patent titled "Routing methods and systems for increasing payment transaction volume and profitability." This invention addresses the common scenario where customers have access to multiple payment methods for transactions. In one embodiment, a merchant collects information regarding these payment methods from a customer and sends it to a transaction evaluator. The evaluator communicates with the issuers of the payment methods to perform a cost/benefit analysis. Based on the issuer's response, the evaluator selects the most favorable payment method. This invention aims to improve issuer profitability by directing profitable transactions to participating issuers while steering unprofitable transactions away.

Career Highlights

Peter Meffert is associated with Doublecredit.com, Inc., where he continues to innovate in the payment processing sector. His work focuses on enhancing transaction efficiency and profitability for merchants and issuers alike.

Collaborations

Some of Peter's coworkers include Lance Johnson and Brian Buckley, who contribute to the collaborative environment at Doublecredit.com, Inc.

Conclusion

Peter Meffert's innovative patent and his work at Doublecredit.com, Inc. highlight his commitment to improving payment transaction systems. His contributions are paving the way for more efficient and profitable payment processing solutions.