Andrew Magruder

Title: Andrew Magruder: Innovator in Payment Systems

Introduction

Andrew Magruder is an accomplished inventor based in Loveland, OH (US). He has made significant contributions to the field of payment systems, holding two patents that showcase his innovative approach to technology.

Latest Patents

Magruder's latest patent is a "Distributed payment system and method." This invention provides a payment system that allows a mobile communications device (MCD) to interact with a merchant processing device (MPD) and a payment engine. A communications component associated with the payment engine can send requested barcodes to the MPD, receive barcodes or alphanumeric Universal Product Codes from customer MCDs, and handle payment authorizations and settlements. Additionally, a barcode management component can generate and interpret barcodes based upon merchant offerings and client requests. A security algorithms component can employ an offset pair algorithm to convert each digit from payment card information into an offset pair of digits to facilitate security in accordance with one embodiment of the present invention.

Career Highlights

Magruder is currently associated with Playspan Inc., where he continues to develop innovative solutions in the payment processing sector. His work has been instrumental in advancing the capabilities of mobile payment systems.

Collaborations

Magruder collaborates with Kevin L Higgins, Sr., who is also a key figure in the development of payment technologies.

Conclusion

Andrew Magruder's contributions to the field of payment systems reflect his dedication to innovation and technology. His patents demonstrate a forward-thinking approach that enhances the security and efficiency of mobile transactions.