Tarun Kailaschandbaid

Title: Innovations by Tarun Kailaschandbaid

Introduction

Tarun Kailaschandbaid is an accomplished inventor based in Bengaluru, India. He has made significant contributions to the field of financial technology through his innovative patents. With a total of 2 patents, Tarun is recognized for his unique approach to integrating travel and financial transactions.

Latest Patents

Tarun's latest patents focus on the use of boarding passes as financial instruments. The first patent describes a system and method for using a boarding pass to facilitate financial transactions. This innovation allows a boarding pass to be employed as a financial instrument for making payments. A passenger name record, associated with one or more financial accounts, can be utilized when a point of sale device scans the boarding pass. By matching the travel itinerary to the location of the point of sale device and the time, payments can be authorized and initiated using the financial account information linked to the passenger name record. A mismatch can serve as a basis for denying authorization and subsequent payment.

Career Highlights

Tarun currently works at Wells Fargo Bank, N.A., where he applies his expertise in financial technology. His role involves developing innovative solutions that enhance customer experiences and streamline financial transactions. His work has garnered attention for its potential to revolutionize how financial transactions are conducted in the travel industry.

Collaborations

Some of Tarun's notable coworkers include Srivathsan Sridharan and Akash Kumar Gupta. Their collaboration fosters a creative environment that encourages the development of groundbreaking financial solutions.

Conclusion

Tarun Kailaschandbaid's contributions to the field of financial technology through his patents demonstrate his innovative spirit and commitment to enhancing financial transactions. His work at Wells Fargo Bank, N.A. continues to pave the way for future advancements in this area.