Company Filing History:
Years Active: 2024
Title: Praveen Teragankar: Innovator in Payment Technologies
Introduction
Praveen Teragankar is a notable inventor based in Dharwad, India. He has made significant contributions to the field of payment technologies, particularly in enhancing the security and functionality of point-of-sale systems. With a total of 2 patents to his name, Teragankar's work is paving the way for more efficient and secure payment transactions.
Latest Patents
Teragankar's latest patents include innovative methods and systems that address critical aspects of payment processing. One of his inventions focuses on methods, point-of-sale terminals, and computer program products for audio playback at point-of-sale terminals. This invention provides a mechanism for delivering feedback through a POS terminal during a payment transaction involving a payment card. The process involves detecting an interface event at the POS terminal, identifying an audio file associated with the payment application, and initiating playback of the audio file through an audio playback device controlled by the POS terminal.
Another significant patent by Teragankar is aimed at preventing fraudulent payment transactions. This invention outlines methods and systems that generate unique data for a payment transaction upon the approval of a payment transaction authorization request signal. The system facilitates the encryption of this unique data and sends a payment transaction authorization response signal to the payment server. The validation process ensures that the payment transaction is secure and reliable.
Career Highlights
Praveen Teragankar is currently employed at Mastercard International Incorporated, where he continues to innovate in the payment technology sector. His work at Mastercard allows him to collaborate with leading experts in the field and contribute to the development of cutting-edge payment solutions.
Collaborations
Throughout his career, Teragankar has worked alongside talented colleagues, including Dattesh Naik and Ravi Pareek. These collaborations have fostered an environment of innovation and creativity, leading to the development of impactful technologies in the payment industry.
Conclusion
Praveen Teragankar is a distinguished inventor whose contributions to payment technologies are noteworthy. His patents reflect a commitment to enhancing the security and efficiency of payment transactions. As he continues to work at Mastercard, his innovations are likely to shape the future of payment systems.