Suman Rao Jangama

Title: Suman Rao Jangama: Innovator in Financial Technology

Introduction

Suman Rao Jangama is a notable inventor based in Delaware, OH (US). He has made significant contributions to the field of financial technology, particularly with his innovative approach to short-term authorized passes. His work is characterized by a focus on enhancing the efficiency and security of financial transactions.

Latest Patents

Suman holds a patent for a "Short-term authorized pass." This invention involves a method for generating a short-term authorized pass from a credit account. The process includes receiving a request for the pass, which specifies an amount allocated to it. A sub-account is created from the credit account, with a credit limit set to the specified amount. A virtual account number (VAN) is assigned to this sub-account, linking it to the original credit account. Importantly, no funds are deducted from the credit account until the short-term authorized pass is utilized. This innovative solution streamlines the process of managing temporary financial authorizations.

Career Highlights

Suman is currently employed at Bread Financial Payments, Inc., where he continues to develop and refine financial technologies. His work at the company reflects his commitment to advancing the industry and providing innovative solutions to common financial challenges.

Collaborations

Suman collaborates with talented professionals such as Steinn Jonsson and Jess Lawrence. Their combined expertise fosters a creative environment that drives innovation within the company.

Conclusion

Suman Rao Jangama is a pioneering inventor whose work in financial technology is making a significant impact. His patent for the short-term authorized pass exemplifies his innovative spirit and dedication to improving financial processes.