Steven Black

Title: Innovations by Steven Black in Financial Incentives

Introduction

Steven Black is an accomplished inventor based in Arlington, VA, known for his contributions to the field of financial technology. He has been instrumental in developing systems that enhance user experience through customized financial card incentives. With a total of two patents to his name, Black's work focuses on leveraging technology to provide tailored rewards for users.

Latest Patents

One of Steven Black's latest patents is titled "Systems and methods for automatically providing customized financial card incentives." This innovative method involves identifying whether a transaction is eligible for additional bonus rewards by determining if the user is a student. The system utilizes a clustering algorithm with user similarity data to generate a probability. If this probability exceeds a predetermined threshold, a machine learning model classifies the user as a student or non-student. Once classified, the transaction is verified as an educational purchase, either through transaction data or by requiring the user to provide an image of a receipt. Verified transactions qualify for additional rewards, while non-student users may receive a standard amount of rewards.

Career Highlights

Steven Black is currently employed at Capital One Services, LLC, where he continues to innovate in the financial services sector. His work has significantly impacted how financial institutions engage with their customers, particularly students seeking educational purchases.

Collaborations

Some of Steven Black's notable coworkers include Jenny Melendez and Joshua Peters, who contribute to the collaborative environment at Capital One Services, LLC.

Conclusion

Steven Black's innovative approach to financial card incentives showcases the potential of technology in enhancing user experiences. His patents reflect a commitment to creating systems that provide meaningful rewards for users, particularly in the educational sector.