Company Filing History:
Years Active: 2008-2025
Title: Innovations by Frank S. Lee
Introduction
Frank S. Lee is an accomplished inventor based in Bakersfield, CA (US). He has made significant contributions to the field of financial technology, particularly in the realm of math-based currency systems. With a total of 4 patents to his name, Lee continues to push the boundaries of innovation in the financial sector.
Latest Patents
One of Frank S. Lee's latest patents is titled "Systems and methods for sending and receiving math-based currency via a fiat currency account." This innovative method involves a processor of a financial institution computing system that authorizes an account holder to execute transactions in a math-based currency (MBC) from a financial account containing fiat currency. The process includes receiving a transaction request to transfer a specified amount of funds defined in MBC. The financial account is then debited by an equivalent amount in fiat currency. A service call is transmitted to the MBC partner, which includes instructions to create a temporary account to hold the MBC, exchange the fiat currency to MBC, credit the temporary account, and transfer the specified amount in MBC to the recipient.
Career Highlights
Frank S. Lee is currently employed at Wells Fargo Bank, N.A., where he applies his expertise in financial technology. His work focuses on developing systems that enhance the efficiency and security of financial transactions. Lee's innovative approach has positioned him as a key player in the evolution of digital currency systems.
Collaborations
Throughout his career, Frank S. Lee has collaborated with notable colleagues, including Michael D. Dowling and Jesse K. Lund. These partnerships have fostered a creative environment that encourages the development of groundbreaking financial solutions.
Conclusion
Frank S. Lee's contributions to the field of financial technology exemplify the spirit of innovation. His patents and work at Wells Fargo Bank, N.A. highlight his commitment to advancing the capabilities of financial systems. Lee's ongoing efforts will undoubtedly continue to shape the future of currency transactions.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.