Company Filing History:
Years Active: 2016-2020
Title: Innovations by Sharath Sahadevan
Introduction
Sharath Sahadevan is an accomplished inventor based in Saint Charles, MO (US). He has made significant contributions to the field of payment transaction monitoring, particularly in detecting fraudulent activities. With a total of 2 patents, his work is recognized for its innovative approach to enhancing security in financial transactions.
Latest Patents
One of Sharath's latest patents is focused on systems and methods for monitoring payment transactions for fraud using social media. This computer-implemented method aims to detect fraudulent payment transactions performed over a payment network. The process begins with a fraud monitoring device receiving a request to determine the legitimacy of a payment transaction initiated with a cardholder's payment card. The request includes essential details such as a merchant identifier, merchant location, cardholder identifier, and transaction timestamp. The method associates the cardholder with a social media account based on the cardholder identifier and retrieves social media location data that indicates the cardholder's location at a specific time. Subsequently, the method calculates the distance between the merchant location and the cardholder's location, as well as the time difference between the transaction timestamp and the time associated with the social media data.
Career Highlights
Sharath currently works at Mastercard International Incorporated, where he applies his expertise in payment systems and fraud detection. His innovative methods have the potential to significantly reduce fraudulent transactions, thereby enhancing the security of payment networks.
Collaborations
Some of Sharath's notable coworkers include Kristofer D Perez and Pedro J Chavarria, who contribute to the collaborative environment at Mastercard.
Conclusion
Sharath Sahadevan's work in the field of payment transaction monitoring showcases his innovative spirit and dedication to improving financial security. His patents reflect a forward-thinking approach that leverages social media data to combat fraud effectively.