Location History:
- Pune, IN (2019 - 2020)
- Maharashtra, IN (2021)
Company Filing History:
Years Active: 2019-2021
Title: The Innovative Contributions of Ravinder Wadhwa
Introduction
Ravinder Wadhwa is a notable inventor based in Pune, India. He has made significant contributions to the field of technology, particularly in transaction processing systems. With a total of 3 patents to his name, Wadhwa's work has had a considerable impact on the way transactions are executed in modern commerce.
Latest Patents
Wadhwa's latest patents include a "System for executing a computer process for processing a transaction" and a "System and method for stand-in processing." The first patent describes a system that comprises a point-of-sale (POS) terminal and an application support terminal (AST). This system is designed to process transactions by receiving payment vehicle credentials and transaction details. It intelligently determines when a POS terminal cannot process a transaction and forwards the necessary information to the AST for further processing. The AST then processes the payment and sends a confirmation notification back to the POS terminal.
The second patent outlines a system and method for stand-in processing, which involves a processor and a memory unit that stores transaction data. This system is capable of determining the point of sale (POS) entry mode of a transaction and processing it on behalf of the issuer based on predefined stand-in rules. This innovation allows for efficient transaction approvals or declines, enhancing the overall transaction experience.
Career Highlights
Ravinder Wadhwa is currently employed at Mastercard International Incorporated, where he continues to innovate in the field of transaction processing. His work at Mastercard has allowed him to collaborate with leading professionals in the industry, further enhancing his expertise and contributions.
Collaborations
Wadhwa has worked alongside talented colleagues such as Piyush Sharma and Navneet Jain. Their collaborative efforts have contributed to the development of advanced transaction processing systems that benefit users worldwide.
Conclusion
Ravinder Wadhwa's innovative patents and contributions to transaction processing technology demonstrate his commitment to enhancing the efficiency and effectiveness of financial transactions. His work continues to influence the industry and pave the way for future advancements.