Company Filing History:
Years Active: 2020-2023
Title: Innovations by Lawrence Gar Chee Wong
Introduction
Lawrence Gar Chee Wong is an accomplished inventor based in Vaughan, Canada. He has made significant contributions to the field of stored-value card systems, holding 2 patents that showcase his innovative approach to financial technology. His work has the potential to enhance the efficiency and security of electronic transactions.
Latest Patents
One of his notable patents is a stored-value card system that includes a POS terminal, a communications device, and a stored-value card agent. This system is designed to streamline the payment process by allowing users to make transactions without directly revealing the payment amount. The stored-value card agent plays a crucial role in managing the communication between the POS terminal and the stored-value card network, ensuring a secure and efficient transfer of funds.
Another significant patent by Wong is the stored-value card agent itself, which comprises a database and a card processor. This agent is responsible for handling deposit and withdrawal requests from wallet clients, effectively managing electronic funds transfers while maintaining a ledger that tracks the balance associated with each client. This innovation not only simplifies transactions but also enhances the user experience by providing a seamless interface for managing funds.
Career Highlights
Lawrence Gar Chee Wong is currently employed at the Toronto-Dominion Bank, where he continues to develop and refine his innovative ideas in the financial sector. His expertise in stored-value card systems has positioned him as a valuable asset to the bank, contributing to its reputation for technological advancement in banking services.
Collaborations
Wong collaborates with his coworker, Salim Jivraj, to further explore advancements in financial technology. Their combined efforts aim to push the boundaries of innovation in the banking industry.
Conclusion
Lawrence Gar Chee Wong's contributions to the field of stored-value card systems exemplify his commitment to innovation in financial technology. His patents reflect a deep understanding of the complexities of electronic transactions and a desire to improve user experiences.