Company Filing History:
Years Active: 2011-2014
Title: Innovations by Inventor Jimmy M Lu
Introduction
Jimmy M Lu is a notable inventor based in San Jose, CA (US). He has made significant contributions to the field of payment transaction risk assessment. With a total of 4 patents to his name, Lu's work focuses on enhancing the security and efficiency of payment systems.
Latest Patents
One of Lu's latest patents is titled "Method and system for assessing merchant risk during payment transaction." This invention outlines a system where a consumer presents a transaction card to a merchant for purchasing goods or services. The merchant's payment device, such as a payment terminal or mobile device, processes the payment using a risk assessment system. The card data received is sent to this system, which generates an indicator representing the risk associated with accepting the payment. This risk indicator helps merchants make informed decisions regarding the likelihood of fraud or chargebacks. If the risk level is deemed too high, the merchant has the option to reject the card. The system utilizes data from various sources, including the consumer's credit history and identity verification.
Career Highlights
Jimmy M Lu is currently employed at Intuit, Inc., where he continues to innovate in the realm of payment technologies. His work has been instrumental in developing systems that enhance transaction security for both merchants and consumers.
Collaborations
Lu collaborates with talented individuals such as Eric F Kowalchyk and See Yew Mo, contributing to a dynamic work environment that fosters innovation.
Conclusion
Jimmy M Lu's contributions to payment transaction risk assessment demonstrate his commitment to improving financial security. His innovative patents reflect a deep understanding of the challenges faced in modern payment systems.