Lance Johnson

Title: Lance Johnson: Innovator in Payment Transaction Systems

Introduction

Lance Johnson is a notable inventor based in San Mateo, CA. He has made significant contributions to the field of payment transaction systems. His innovative approach aims to enhance the profitability of payment processing for merchants and issuers alike.

Latest Patents

Lance Johnson holds a patent for "Routing methods and systems for increasing payment transaction volume and profitability." This invention addresses the common scenario where customers have access to multiple payment methods for transactions. In his system, a merchant collects information about these payment methods and sends it to a transaction evaluator. The evaluator communicates with the issuers of the payment methods to perform a cost/benefit analysis. Based on the issuer's response, the evaluator selects the most favorable payment method. This invention not only improves issuer profitability but also directs unprofitable transactions to alternative methods.

Career Highlights

Lance Johnson is currently associated with Doublecredit.com, Inc., where he continues to develop innovative solutions in the payment processing industry. His work focuses on creating systems that enhance transaction efficiency and profitability for all parties involved.

Collaborations

Lance collaborates with talented individuals such as Brian Buckley and Paul Carl Kocher. Together, they work towards advancing the technology behind payment transactions.

Conclusion

Lance Johnson's contributions to payment transaction systems demonstrate his commitment to innovation and efficiency. His patent reflects a deep understanding of the complexities involved in payment processing, ultimately benefiting merchants and issuers.