Company Filing History:
Years Active: 2014-2020
Title: Scott Rauhe: Innovator in Electronic Payment Solutions
Introduction
Scott Rauhe is a notable inventor based in Lakewood, OH (US), recognized for his contributions to electronic payment processing. With a total of six patents to his name, Rauhe has made significant strides in enhancing the security and efficiency of commercial transactions conducted over communications networks.
Latest Patents
Among his latest patents is an "Electronic payment processing method and system with smart/authenticate fields and definitions." This invention outlines a method and corresponding system for supporting authentication processing of commercial transactions between consumers and merchants. The system receives payment information over a communications network, identifying a payment instrument that supports an authenticated payment program. It determines whether to authenticate the consumer based on criteria defined by the merchant, ensuring secure transactions.
Another significant patent is the "Alternative payment implementation for electronic retailers." This system and method facilitate transactions between merchants and consumers at points of sale (POS). It processes transaction information received from consumers, identifying alternative payment options from various providers. The system requests approval from a universal merchant platform (UMP) to authorize and capture funds, streamlining the payment process for both merchants and consumers.
Career Highlights
Scott Rauhe is currently employed at CardinalCommerce Corporation, where he continues to innovate in the field of electronic payments. His work focuses on developing systems that enhance transaction security and improve user experience in digital commerce.
Collaborations
Rauhe has collaborated with notable colleagues, including Chandra S Balasubramanian and Michael A Keresman, III. These partnerships have contributed to the advancement of payment processing technologies and the development of innovative solutions in the industry.
Conclusion
Scott Rauhe's contributions to electronic payment processing have significantly impacted the way transactions are conducted in the digital age. His innovative patents and ongoing work at CardinalCommerce Corporation highlight his commitment to enhancing security and efficiency in commercial transactions.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.