Randi Annette Paynter

Title: Randi Annette Paynter: Innovator in Payment Transaction Security

Introduction

Randi Annette Paynter is a notable inventor based in San Mateo, CA (US). She has made significant contributions to the field of payment transaction security, holding 2 patents that address critical issues in fraud prevention.

Latest Patents

One of her latest patents is titled "System and method for identifying a point of compromise in a payment transaction processing system." This invention focuses on reducing fraud in payment transactions by identifying potential points of compromise that may lead to subsequent fraudulent activities. It also confirms whether a suspected point of compromise is responsible for a security breach. The system aims to effectively identify data or transaction characteristics that can help in pinpointing these vulnerabilities.

Another significant patent is "Multiple sources of data in a Bayesian system." This invention models transaction data by receiving a source set of data that represents multiple transactions stored in a source transaction database. It utilizes an estimation model to combine parameters extracted from the model parameter database and the source set of data in a Bayesian framework. This process results in an updated set of model parameters that are stored for future use.

Career Highlights

Randi has worked with various companies, including Nomis Solutions, Inc. Her experience in the industry has allowed her to develop innovative solutions that enhance the security of payment transactions.

Collaborations

Throughout her career, Randi has collaborated with notable professionals such as Kevin Paul Siegel and Robert L Grossman. These partnerships have contributed to her success and the advancement of her inventions.

Conclusion

Randi Annette Paynter is a pioneering inventor whose work in payment transaction security has made a significant impact. Her patents reflect her commitment to reducing fraud and enhancing the safety of financial transactions.