Assaad G Hanna

Title: Innovations by Assaad G Hanna in Money Transfer Systems

Introduction

Assaad G Hanna is an accomplished inventor based in San Francisco, CA. He has made significant contributions to the field of money transfer systems, holding three patents that showcase his innovative approach to financial transactions. His work has been instrumental in enhancing the efficiency and security of money transfers.

Latest Patents

One of Assaad G Hanna's latest patents is a money transfer system and method. This method involves providing a money transfer instrument that has product information and a monetary value associated with it. The process includes capturing the product information by a POS terminal when the sender purchases the money transfer instrument. Additionally, it generates and issues a personal identifier to the sender on a receipt printed at the POS terminal. The method also entails receiving money transfer information from the sender along with the personal identifier. Furthermore, it generates and transmits a money transfer control identifier that is separate from the personal identifier. This identifier is crucial for the recipient to receive the transferred money at a designated money transfer location.

Another patent by Hanna focuses on a money transfer system that utilizes a money transfer instrument purchased at a retail location. This system includes a POS terminal for entering a UPC code carried on the instrument. The POS terminal issues a PIN in response to the UPC code, which is printed on a receipt. The customer can later use this PIN to obtain a money transfer control number (MTCN) associated with the transaction record from a money transfer host.

Career Highlights

Throughout his career, Assaad G Hanna has worked with notable companies such as Western Union and First Data Corporation. His experience in these organizations has allowed him to refine his skills and contribute to advancements in money transfer technologies.

Collaborations

Assaad has collaborated with several professionals in the industry, including Kurt L Hansen and Dean A Seifert. These collaborations have further enriched his work and led to innovative solutions in the financial sector.

Conclusion

Assaad G Hanna's contributions to money transfer systems demonstrate his commitment to innovation and improvement in financial transactions. His patents reflect a deep understanding of the complexities involved in money transfers and provide practical solutions for enhancing user experience.