Company Filing History:
2 out of 2,323 
1 out of 58 Years Active: 2022-2025
Title: Innovations by Lalit Manchanda
Introduction
Lalit Manchanda is an accomplished inventor based in Gurgaon, India. He has made significant contributions to the field of electronic payment systems, holding a total of 3 patents. His work focuses on enhancing the security and efficiency of contactless payment transactions.
Latest Patents
One of his latest patents is titled "Systems, methods and computer program products for secure contactless payment transactions." This invention provides methods and systems for implementing electronic payment transactions between a mobile communication device and a NFC-enabled merchant device. The process involves receiving a request for a trust token, determining the trustworthiness of the merchant device, and generating a displayable trust token for secure transactions.
Another notable patent is "Electronic system and computerized method for verification of transacting parties to process transactions." This patent outlines a method for verifying the identities of transacting parties through a payment network server. The server generates cryptograms and ciphertexts to ensure secure communication and verification between the parties involved in a transaction.
Career Highlights
Lalit has worked with prestigious companies such as Mastercard International Incorporated and Mastercard Asia/Pacific Pte. Ltd. His experience in these organizations has allowed him to develop innovative solutions in the payment processing industry.
Collaborations
Throughout his career, Lalit has collaborated with talented professionals, including Ajit Karnik and Naveen Kumar Gupta. These collaborations have contributed to the advancement of his inventions and the development of secure payment technologies.
Conclusion
Lalit Manchanda's contributions to the field of electronic payment systems demonstrate his commitment to innovation and security. His patents reflect a deep understanding of technology and its application in real-world scenarios. His work continues to influence the future of secure transactions in the digital age.