Company Filing History:
Years Active: 2020-2022
Title: Innovations of Derek Alan Snell in Payment Technology
Introduction
Derek Alan Snell is an accomplished inventor based in Indianapolis, IN (US). He has made significant contributions to the field of payment technology, particularly through his innovative personal point of sale (pPOS) devices. With a total of 2 patents, Snell's work focuses on enhancing e-commerce transactions by integrating advanced payment specifications.
Latest Patents
Derek Alan Snell's latest patents include a personal point of sale (pPOS) device designed to facilitate card present e-commerce transactions. This device operates within the EMV payment specification, allowing for the use of unattended terminals to accept payments. By combining EMV level 1 (L1) and level 2 (L2) payment components with a virtual merchant, Snell's pPOS device creates a 'card present' transaction for online merchants. The specifications disclose various embodiments of pPOS devices that can include secure microcontroller functions, payment kernels, secure elements, and user interface functions, all aimed at streamlining the payment process.
Career Highlights
Derek Alan Snell is currently employed at NXP B.V., where he continues to develop innovative payment solutions. His expertise in payment technology has positioned him as a key player in the industry, contributing to advancements that enhance the security and efficiency of electronic transactions.
Collaborations
Throughout his career, Snell has collaborated with notable colleagues, including Todd Raymond Nuzum and Melissa A Hunter. These partnerships have fostered a creative environment that encourages the development of cutting-edge payment technologies.
Conclusion
Derek Alan Snell's contributions to payment technology through his innovative pPOS devices demonstrate his commitment to enhancing e-commerce transactions. His work not only reflects his expertise but also his dedication to improving the payment landscape for merchants and consumers alike.