Company Filing History:
Years Active: 2019-2024
Title: Innovations by Rachel B Cochran
Introduction
Rachel B Cochran is an accomplished inventor based in Durango, Colorado. She has made significant contributions to the field of payment processing technology. With a total of three patents to her name, Rachel has demonstrated her expertise and innovative spirit in developing systems that enhance payment services.
Latest Patents
One of Rachel's latest patents is focused on systems and methods for cost altering payment services. This cost altering payment services (CAPS) system is designed to work in conjunction with a distributed enhanced payment (DEP) processing system. It includes a merchant point of sale (POS) terminal system and a remote enhanced payment management system (EPMS). The remote EPMS receives payment transactions that include additional risk mitigating payment transaction (RMPT) information. Based on this RMPT information, the system provides altered transaction costs. The remote EPMS also offers facilities for merchants to review and revise their payment management services, utilizing the RMPT information received from the POS terminal system to adjust transaction costs. Furthermore, it provides transaction guidance technology to assist the merchant's POS terminal system in acquiring additional RMPT information.
Career Highlights
Rachel currently works at Worldpay Limited, where she continues to innovate in the payment processing sector. Her work has been instrumental in developing solutions that not only streamline payment processes but also enhance the overall efficiency of transaction management.
Collaborations
Rachel collaborates with talented professionals in her field, including Matthew D Ozvat and John Berkley. Their combined expertise contributes to the advancement of payment technologies and the successful implementation of innovative solutions.
Conclusion
Rachel B Cochran is a pioneering inventor whose work in payment processing technology has made a significant impact. Her patents reflect her commitment to improving transaction management and cost efficiency in the payment services industry.