Prasad Madhukar Gore

Title: Prasad Madhukar Gore: Innovator in Intelligent Transaction Processing

Introduction

Prasad Madhukar Gore is a notable inventor based in Reading, GB. He has made significant contributions to the field of transaction processing through his innovative patent. His work focuses on enhancing the security and efficiency of recurring payment transactions.

Latest Patents

Prasad holds a patent for an "Intelligent recurring transaction processing and fraud detection" system. This system utilizes an artificial intelligence (AI) platform that includes machine learning (ML) models. These models communicate with server computers to access historical payment transaction data from a transaction database. The purpose is to train the ML models to predict future recurring transactions. When an authorization request is received from an acquirer for a payment transaction by a cardholder, the system processes this request and transmits a response. The transaction data is then input into the ML models to determine if the payment transaction is a recurring one and to predict the date of the next transaction. An API call is initiated to the issuer with transaction attributes regarding the next recurring payment transaction prior to the predicted date, allowing the issuer to send an alert message directly to the cardholder.

Career Highlights

Prasad is currently employed at Visa International Service Association, where he applies his expertise in transaction processing and fraud detection. His innovative approach has positioned him as a key player in the development of secure payment systems.

Collaborations

Some of Prasad's coworkers include Clive Alan Wintle and Thomas Purves. Their collaboration contributes to the advancement of technology in the financial sector.

Conclusion

Prasad Madhukar Gore's work in intelligent transaction processing exemplifies the intersection of technology and finance. His contributions are paving the way for more secure and efficient payment systems in the industry.