Location History:
- Orpington, GB (2000)
- Chipstead, GB (2013)
Company Filing History:
Years Active: 2000-2013
Title: Michael Foster: Innovator in Smart Card Communication and Risk Management
Introduction: Michael Foster, an accomplished inventor based in Chipstead, GB, has made significant contributions to the field of smart card technologies. With a total of two patents to his name, Foster has focused on advancements that improve communication between portable devices and enhance risk management capabilities in transactions.
Latest Patents: Michael Foster's latest patents include a groundbreaking "System and method for communication between smart cards." This innovation outlines a method facilitating communication between a first portable device and a second portable device. Key features of this patent include the storage of sequence numbers and keys in both devices while ensuring verification through a unique process. If the second sequence number is newer, updates are made to keep the devices synchronized in terms of data.
His other notable patent, "Integrated circuit card with means for performing risk management," introduces a microprocessor-based device equipped with a memory unit storing various risk parameters. This device allows for real-time risk management analysis, ensuring secure transactions using the stored parameters.
Career Highlights: Michael Foster is currently employed at Mondex International Limited, a company well-regarded for its innovative work in digital payment solutions. His expertise in smart card technologies has positioned him as a valuable asset in developing cutting-edge products that enhance financial transaction security.
Collaborations: Throughout his career, Foster has had the pleasure of collaborating with notable colleagues, including Kazuo J Ezawa and Dave Anthony Roberts. Their combined efforts have led to advancements that push the boundaries of conventional payment methods and risk management strategies.
Conclusion: Michael Foster stands as a prominent figure in the realm of smart card innovation, with patents that reflect his dedication to enhancing communication and risk management in digital transactions. His work at Mondex International Limited and collaborations with esteemed professionals underscore his commitment to pioneering solutions that meet the demands of an evolving technological landscape.