Company Filing History:
Years Active: 2018
Title: The Innovations of Edward L H Van De Velde
Introduction
Edward L H Van De Velde is a notable inventor based in Leuven, Belgium. He has made significant contributions to the field of financial technology, particularly through his innovative patent related to payment systems. His work has implications for how transactions are processed in modern commerce.
Latest Patents
One of Edward L H Van De Velde's key patents is titled "Financial transaction method and system having an update mechanism." This patent describes a payment device and method capable of utilizing a pre-authorized amount on existing infrastructure, including point-of-sale (POS) terminals. The system allows for the use of offline pre-paid products on this infrastructure. Notably, updates for the pre-authorized or offline prepaid products can be sent by the issuer and applied by the card contemporaneously with the card's processing of the issuer authentication data. This innovative approach does not require any additional bytes in the issuer authentication data, allowing for more extensive updates than previously possible.
Career Highlights
Edward L H Van De Velde is currently associated with Mastercard International Incorporated, a leading company in the financial services sector. His work at Mastercard has positioned him at the forefront of payment technology innovations.
Collaborations
Some of his notable coworkers include Patrick Mestré and Cristian Radu, who contribute to the collaborative environment that fosters innovation within the company.
Conclusion
Edward L H Van De Velde's contributions to financial technology through his patent demonstrate his role as a significant inventor in the industry. His work continues to influence the way financial transactions are conducted today.