This inventor holds 3 USPTO granted patents. Top assignees: Trans-Cryption, Inc., Other. Active years: 1983-1994.
Location History:
- La Crescenta, CA (US) (1983 - 1985)
- Loudon, TN (US) (1994)
Company Filing History:
2 out of 2 
1 out of 834,411 Years Active: 1983-1994
Title: Milton Goldfine: Innovator in Transaction Authentication
Introduction
Milton Goldfine is a notable inventor based in Loudon, TN (US). He has made significant contributions to the field of transaction authentication, holding a total of 3 patents. His work focuses on enhancing security measures in personal identification systems and transaction processes.
Latest Patents
Goldfine's latest patents include a method for transaction authentication using a centrally generated transaction. This innovative approach ensures that each access attempt is transmitted to an authentication agency, which produces a unique request identifier for that specific request. The user’s authentication code generator and the agency's generator independently combine the user identifier and request identifier to form authentication codes. A comparator then verifies these codes, allowing transactions to proceed only if they match. This method significantly enhances security by preventing unauthorized access, as intercepted codes cannot be reused for future transactions.
Another significant patent is a verifier for a personal identification system. This system utilizes a personal account number (PAN) and a secret personal identification number (PIN) to generate digits that are recorded on a card's magnetic stripe. The intended user must enter their PIN, which is then processed to verify their identity against the stored information. This dual verification process ensures that only rightful users can access their accounts.
Career Highlights
Throughout his career, Goldfine has worked with various companies, including Trans-Cryption, Inc. His innovative contributions have been instrumental in developing secure transaction systems that are widely used today.
Collaborations
Goldfine has collaborated with notable individuals in the field, including Marvin K Perlman and Robert A Montgomery. Their combined expertise has further advanced the development of secure identification and transaction systems.
Conclusion
Milton Goldfine's work in transaction authentication and personal identification systems has made a lasting impact on security technology. His innovative patents continue to influence the way transactions are secured in today's digital landscape.