Ian A Lumsden

Title: Ian A Lumsden: Innovator in Electronic Transaction Systems

Introduction

Ian A Lumsden is a notable inventor based in West Bend, Wisconsin. He has made significant contributions to the field of electronic transactions, holding two patents that showcase his innovative approach to technology. His work primarily focuses on systems and methods that enhance the efficiency and security of electronic transactions.

Latest Patents

Lumsden's latest patents include a "System for and method of effecting an electronic transaction." This invention outlines a method for performing transactions between consumers and business entities. The process involves several steps, including providing transaction data from a submitter to a transaction facilitator, generating a token to identify the transaction data, and using the token to implement the transaction. Another significant patent is for "Key loading systems and methods," which details systems and methods for loading a key to a terminal. This system includes a terminal manager that generates authentication requests and key requests, enhancing the security of terminal operations.

Career Highlights

Ian A Lumsden is currently associated with Efunds Corporation, where he applies his expertise in electronic transaction systems. His role at the company allows him to further develop innovative solutions that address the evolving needs of the financial technology sector.

Collaborations

Lumsden has collaborated with notable colleagues such as Scott R Statland and John R Brittain. Their combined efforts contribute to the advancement of technology in their respective fields.

Conclusion

Ian A Lumsden's contributions to electronic transaction systems reflect his commitment to innovation and technology. His patents not only enhance transaction security but also streamline processes for consumers and businesses alike.