Rich Aberman

Title: Rich Aberman: Innovator in Secure Payment Solutions

Introduction

Rich Aberman is a notable inventor based in Redwood City, California. He has made significant contributions to the field of secure payment systems, particularly through his innovative patent that enhances the merchant activation process for in-person payments.

Latest Patents

Rich Aberman holds a patent for "Systems and methods for instant merchant activation for secured in-person payments at point of sale." This invention proposes a new approach to support instant merchant activation for secure in-person payments at a merchant's point of sale (POS). The system collects both sensitive and non-sensitive portions of electronic payment transaction data when a customer initiates a payment request. The sensitive data is encrypted for secure transmission, while a payment gateway relays the data to a payment processor for approval. The payment service engine then analyzes the non-sensitive data to assess risk and notifies the merchant accordingly.

Career Highlights

Rich Aberman is currently associated with Wepay, Inc., where he continues to develop innovative solutions in the payment processing industry. His work focuses on enhancing security and efficiency in financial transactions, making him a valuable asset to his company.

Collaborations

Rich has collaborated with talented professionals such as Sireesh Potireddy and John R Canfield, contributing to the advancement of secure payment technologies.

Conclusion

Rich Aberman's contributions to secure payment systems exemplify his commitment to innovation in the financial technology sector. His patent reflects a significant advancement in the way merchants can activate secure payment processes, ensuring a safer transaction environment for customers.