American Express Subsidiary Files Patent for Matching Images of Receipts with Associated Records

American Express Subsidiary Files Patent for Matching Images of Receipts with Associated Records

American Express (AMEX) subsidiary, American Express Travel Related Services Company, filed a patent for their blockchain use case that helps to identify and match a photograph of a receipt to available transaction records

On November 13, the patent file: Linking digital images with related records was published by the US Patent and Trademark Office. The patent document showed the process involved in correlating receipt images with available stored data, which is done through ‘optical character recognition’.

In the planned blockchain system, data blocks will serve as databases that contain hierarchical, relational, graphical blockchain information, and it also includes configurations. It is equipped with better security required for each block to retain transactions and the completion of blockchain executables.

The blockchain structure may include a distributed database that maintains a growing list of data records. The blockchain may provide enhanced security because each block may hold individual transactions and the results of any blockchain executables.

Patent File: Linking digital images with related records

Diverse Blockchain-Related Patents

Major establishments from various industries are active in filing patents for their own blockchain real-world applications. Some of the most recent filings came from Sony, which wants to use the technology to protect intellectual property; MasterCard has filed one for keeping track of consumer payments through blockchain; and Bank of America, which has more than 50 patents, patented a device for storing private keys.

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Developer Spotlight: Raymond Camden of American Express

In this installment of the Cosmic JS Developer Spotlight Series, we sat down with Raymond Camden, a Senior Software Engineer and Developer Advocate residing in Lafayette, Louisiana. Raymond has extensive experience in the technology space, having enjoyed stints at IBM, Adobe and AuthO prior to becoming a Senior Engineer for Developer Experience at American Express. Follow Raymond on Twitter, GitHub or LinkedIn, and enjoy the Q/A.Cosmic JS: When did you first begin building software?Raymond: I began on an Apple 2e (it may have been the +) back in the 80s. My initial reason was to cheat at games (ask me about hex editing for Bard’s Tale) but after seeing Tron I was really inspired to become a coder. Boy was reality somewhat different…What is your preferred development stack?The web in general. I’d say mainly JavaScript and lately with Vue, but I’m passionate about the entire web stack. My favorite editor is Visual Studio Code (although I was a big Brackets fan for a while). When working on the back-end I’ll still use JavaScript and Node.js.What past projects are you most proud of and why?I was big into MUD programming (multi-player online text adventure games, think Zork but with multiple players) and I built a framework to enable easier dialog creation and more thematic elements (time passing, etc). The code wasn’t necessarily rocket science, but the end result — enabling more creativity — is something I’m really proud of.Oh — and I built an app that scans your contacts, finds ones without pictures, and assigns a random cat picture. Yeah, I’m pretty proud of that too.What are some technologies you are excited about or want to learn more about?GraphQL for one. A lot of my work involves APIs and GraphQL feels like a real game changer. I’m incredibly excited about serverless and have been (slowly) playing with various different platforms and trying them out.Do you have any tips for new developers just starting to code? For web developers, MDN Web Docs is the absolute best resource for learning, period. I’m a big fan of Node School as well since I like the interactive problem/solving experience. I’m also a big believer in building something that already existed. As programmers we’ve got DRY beaten into our skulls and that obviously makes sense, but when I’m learning a new language or platform, I’ll build somethingvthat already exists, like a blog. That way I’m focused on the *how* of building it and not the *what*. The end result may be thrown away, but it’s a great way to spend more time learning then trying to figure out what to do.The Cosmic JS Developer Spotlight Series is dedicated to showcasing developers that are building apps using modern tools. Learn how to Contribute here. To stay connected with us follow us on Twitter and join the conversation on Slack.Developer Spotlight: Raymond Camden of American Express was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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American Express Rep Believes In The Future of Ripple

A top American Express representative, Carlos Carriedo, Ripple has the potential to revolutionize cross-border payments. Carriedo said this during a recent conference in Madrid called Wings of Change […] The post American Express Rep Believes In The Future of Ripple appeared first on UseTheBitcoin.
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American Express Steps on xCurrent’s toes, Tested Ripple’s Latest Product

Ripple is getting a lot more hot these days. Reported recently, American Express or Amex employing xCurrent, one of Ripple’s products. Accordingly, the firm has already gone through the prior testing and satisfied with the positive outcome. Amex Praises Ripple for Cross-Border Payments Forbes earlier reported that the American Express which is the multinational financial service corporation is introducing Ripple blockchain for transferring the fund to businesses located in the UK. However, the firm has successfully completed its testing phase and unveiled Ripple’s potential for their international payments. At the Wings of Change Europe conference in Madrid, Amex’s general manager for the corporate payments, Carlos Carriedo claimed that they have partnered with Ripple and Santander, local Bank to streamline the international payment with Ripple’s technology. In his own words, “We did a pilot. We did a test, partnering with Santander locally, and with Ripple to just do cross-border transactions. Cross-border transactions continue to be complex and slow. And in a matter of seconds, through this test, our clients were able to transfer funds in a very transparent and seamless way, from one part of the world to the other one,” xCurrent and Hype of Ripple’s Technology xCurrent is a new enterprise software solution powered by Ripple to facilitate instant settlement of cross-border payments by the bank with real-time and end-to-end tracking. Despite the year-end crash in the cryptocurrency market, many firms and enthusiasts still see the potential of cryptocurrencies and their underlying technologies. In order to ensure the international payments would perform well with xCurrent’s implementation, Amex heavily invested in fintech research and development. According to Carlos Carriedo, Amex have ‘invested in a fintech lab based on blockchain technology’ which he adds ‘Just to understand how to leverage this better’ Ripple’s latest partnership and launch of various products have eventually raised the eyebrows of major market players and confidently urged founding members of Ripple to bet on its future expansion. Furthermore, Amex’s FX International Payments (FXIP) partnership with ripple and Santander designed to provide real-time, trackable non-card payments from the US to Britain. The post American Express Steps on xCurrent’s toes, Tested Ripple’s Latest Product appeared first on Coingape.
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