This inventor holds 2 USPTO granted patents and 4 published patent applications. Top assignees: Ivi Checkmate Corp., Moneygram International, Inc.. Active years: 2000-2020.
Company Filing History:
Years Active: 2000-2020
Title: Michael E Hermansen: Innovator in Transaction Processing Systems
Introduction
Michael E Hermansen is a notable inventor based in Shorewood, MN (US). He has made significant contributions to the field of transaction processing systems, holding 2 patents that showcase his innovative approach to technology. His work focuses on enhancing money transfer services through advanced systems that cater to user needs.
Latest Patents
One of Hermansen's latest patents is a "Money transfer system having location based language and dynamic receipt capabilities." This invention outlines a method for operating a transaction processing system that provides location-based language capabilities and dynamic receipts in connection with money transfer services. The system involves storing information representative of transaction location-based attributes and associated languages in a database. It processes transaction requests from points of sale by utilizing this stored information to identify transaction location attributes and the corresponding languages. The processor then sends receipt information in the identified languages, ensuring a seamless user experience.
Another significant patent is the "Modular transaction terminal," which features a modular terminal apparatus that includes a core unit interchangeable with various communication modules. This design allows for flexibility and adaptability in transaction processing, catering to diverse operational needs.
Career Highlights
Throughout his career, Michael E Hermansen has worked with prominent companies such as Ivi Checkmate Corp. and MoneyGram International, Inc. His experience in these organizations has contributed to his expertise in transaction processing and financial technology.
Collaborations
Hermansen has collaborated with notable professionals in his field, including Stephen A Levie and Bradley Dale Brown. These partnerships have likely enriched his work and led to innovative solutions in transaction processing.
Conclusion
Michael E Hermansen is a distinguished inventor whose work in transaction processing systems has made a significant impact on the industry. His patents reflect a commitment to improving money transfer services through innovative technology. His contributions continue to shape the future of financial transactions.