Alan Bailey

Title: Alan Bailey - Innovator in Value Transfer Systems

Introduction

Alan Bailey is a notable inventor based in Sutton, GB. He is recognized for his contributions to the field of electronic value transfer systems. His innovative approach has led to the development of a unique system that enhances the efficiency of value transfers between electronic purses.

Latest Patents

Alan Bailey holds a patent for a value transfer system. This invention focuses on systems for transferring value between electronic purses, typically in the form of integrated circuit or "smart" cards, through an intermediary interface device. The patent proposes a hierarchical class structure to control the flow of value between purses. Each purse is assigned a class that dictates the conditions under which value may be transferred, primarily from the purse. This system allows each purse to store a representation of its class and a list of classes to which it can transfer value.

Career Highlights

Alan Bailey is associated with Mondex International Limited, where he has made significant contributions to the development of electronic payment systems. His work has been instrumental in advancing the technology behind secure and efficient value transfers.

Collaborations

Alan has collaborated with notable colleagues, including David Barrington Everett and John Charles Viner. Their combined expertise has contributed to the success of various projects within the company.

Conclusion

Alan Bailey's innovative work in value transfer systems has paved the way for advancements in electronic payment technologies. His contributions continue to influence the industry and enhance the way value is transferred electronically.