Fernando Lourenco

Title: Innovations by Fernando Lourenco

Introduction

Fernando Lourenco is an accomplished inventor based in Congleton, GB. He holds a total of four patents, showcasing his expertise in the field of transaction device security and contactless transmission methods. His innovative contributions have significantly impacted the way payment systems operate.

Latest Patents

One of Lourenco's latest patents is a transaction device security system. This invention includes a chip enclosure with a readable reference code and a chip embedded within it. The chip is designed to generate a cryptographically signed version of the reference code upon receiving a request message. This allows for the retrieval of the reference code for comparison with the readable version, enhancing security in transaction devices.

Another notable patent is a method and system for contactless transmission using off-the-shelf devices. This method ensures the secure receipt and usage of payment credentials through a commercial-off-the-shelf (COTS) device. It involves storing a secure application program and cryptographic keys in the COTS device, establishing a secure communication channel with a back-end system, and enciphering payment credentials received via a near field communication (NFC) interface.

Career Highlights

Fernando Lourenco is currently employed at Mastercard International Incorporated, where he continues to develop innovative solutions in payment technology. His work focuses on enhancing security measures and improving user experience in financial transactions.

Collaborations

Lourenco collaborates with talented professionals in his field, including Alan Mushing and Bruce John Rutherford. Their combined expertise contributes to the advancement of technology in the payment industry.

Conclusion

Fernando Lourenco's contributions to transaction device security and contactless payment methods demonstrate his commitment to innovation in the financial technology sector. His patents reflect a deep understanding of security and usability, making significant strides in the industry.