Zhimin Ren

Title: Zhimin Ren: Innovator in Payment Capture Technologies

Introduction

Zhimin Ren is a prominent inventor based in San Francisco, CA, known for his contributions to payment capture technologies. With a total of five patents to his name, Ren has made significant strides in enhancing transaction processes, particularly in scenarios involving failed authorizations.

Latest Patents

One of Ren's latest patents focuses on "Intelligent payment capture in failed authorization requests." This innovative technique addresses the challenges faced during payment processing when a transaction is initiated in an offline mode. The point-of-sale (POS) device can process the transaction and later send the transaction details to a remote service once it transitions to an online mode. If the payment instrument is declined, Ren's patent outlines various payment-capture techniques that can be employed to secure a payment that covers at least part of the transaction cost.

Career Highlights

Throughout his career, Zhimin Ren has worked with notable organizations, including Square, Inc. and the University of North Carolina at Chapel Hill. His experience in these institutions has allowed him to refine his skills and contribute to advancements in payment technologies.

Collaborations

Ren has collaborated with several professionals in his field, including Michael Wells White and Christopher Lang Mocko. These partnerships have fostered innovation and the development of new ideas in payment processing.

Conclusion

Zhimin Ren's work in payment capture technologies exemplifies the impact of innovative thinking in the financial sector. His patents and career achievements highlight his commitment to improving transaction processes and addressing challenges in payment authorizations.