This inventor holds 2 USPTO granted patents. Top assignee: International Verifact Inc.. Active years: 1997-2000.
Company Filing History:
Years Active: 1997-2000
Title: Innovations of John Richard Spence
Introduction
John Richard Spence is a notable inventor based in Newmarket, Canada. He has made significant contributions to the fields of financial technology and gaming systems. With a total of 2 patents to his name, Spence has demonstrated a commitment to innovation and problem-solving in his work.
Latest Patents
One of his latest patents is for a financial transaction terminal with limited access. This invention is designed to receive both smart cards and debit cards, featuring an access port for inserting or removing security modules such as SIM or SAM modules. A security switch arrangement is provided around the access port to protect the now accessible components of the terminal. This terminal offers the uncompromised physical security of a debit terminal while maintaining the flexibility and capabilities of a smart card terminal.
Another significant invention by Spence is a game card and system for authorizing game cards. This system utilizes a computer tracking mechanism that includes game or lottery-type cards, which must be activated to be eligible for a particular game or event. The activation process involves reading a unique serial number or other identification code that uniquely identifies the card. This system allows for the disposal of surplus game cards that have not been activated, simplifying the tracking of sales and the distribution of funds to various parties involved in the sale and distribution chain.
Career Highlights
John Richard Spence is currently associated with International Verifact Inc., where he continues to innovate and develop new technologies. His work has had a significant impact on the financial transaction and gaming industries.
Collaborations
Throughout his career, Spence has collaborated with notable individuals such as David Henry Groves and Fraser Hardman. These collaborations have contributed to the development of his innovative ideas and inventions.
Conclusion
John Richard Spence is a distinguished inventor whose work in financial technology and gaming systems has led to valuable patents. His contributions continue to influence these industries, showcasing his dedication to innovation and excellence.