Company Filing History:
Years Active: 2008-2013
Title: Innovations by George Luis Wood
Introduction
George Luis Wood is an accomplished inventor based in Alamo, CA (US). He holds a total of 4 patents that showcase his expertise in transaction processing and payment systems. His innovative contributions have significantly impacted the way transactions are managed and processed in the digital age.
Latest Patents
One of his latest patents is the "Transaction ID system and process." This invention provides a system and process for creating, maintaining, and using transaction identifiers, referred to as transaction DNA. The DNA, along with other transactional information, is transmitted through intermediary entities in a standard transaction processing system. It is based on critical information such as source ID, merchant ID, and order ID, ensuring precise transactional matching for merchants. This innovation allows for fast and automatic reconciliation of transactions.
Another notable patent is the "Method and apparatus for integrated payments processing and decisioning for internet transactions." This invention offers a decisioning solution for merchants accepting internet transactions, integrated with electronic payment processing. It includes features such as electronic fund transfers, authentication of parties, seamless integration with merchant web pages, and reporting of suspicious activity.
Career Highlights
George Luis Wood is currently employed at Wells Fargo Bank, N.A., where he applies his innovative skills to enhance transaction processing systems. His work has contributed to the bank's ability to provide efficient and secure payment solutions.
Collaborations
Some of his coworkers include Michelle Banaugh and Peggy J Fry, who collaborate with him on various projects within the bank.
Conclusion
George Luis Wood's contributions to transaction processing and payment systems through his patents demonstrate his commitment to innovation in the financial sector. His work continues to influence how transactions are managed, ensuring efficiency and security for merchants and consumers alike.