Company Filing History:
Years Active: 1986-1997
Title: Innovations by Lawrence G. Smith
Introduction
Lawrence G. Smith is a notable inventor based in Orlando, Florida, recognized for his contributions to the field of financial technology. He holds a total of 12 patents, showcasing his innovative spirit and technical expertise. His work primarily focuses on methods and apparatuses for dispensing monetary instruments, which have significantly impacted retail financial services.
Latest Patents
Among his latest patents is the "Apparatus for dispensing a document having monetary value." This invention provides a method and apparatus for dispensing money orders at various retail establishments. Each money order dispenser is equipped with a digital processor that controls its overall operation. The device includes a keyboard for entering transaction data, a display for showing this data, and a dot matrix printer for printing the requested money order. Additionally, the dispenser features an electrically-erasable programmable read-only memory (E²PROM) that stores a security inhibit printing code. This code is automatically changed to prevent printer actuation when the security of the dispenser is compromised. The design of the money order dispenser is compact, utilizing a dot matrix printer that receives money orders in a transverse fashion, with software routines that control the printer to rotate printed characters for readability.
Career Highlights
Lawrence G. Smith has made significant strides in his career, particularly through his work with Republic Money Orders, Inc. and Travelers Express Company, Inc. His innovative designs and methods have streamlined the process of dispensing money orders, making it more efficient and secure for retail establishments.
Collaborations
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Conclusion
Lawrence G. Smith's contributions to the field of financial technology through his patents have revolutionized the way money orders are dispensed in retail environments. His innovative approach continues to influence the industry, ensuring secure and efficient transactions.