Company Filing History:
Years Active: 2008-2011
Title: The Innovative Mind of Patrick Smets
Introduction
Patrick Smets is an accomplished inventor based in Nijlen, Belgium. With a remarkable portfolio of eight patents, he has made significant contributions to the field of electronic payment systems, showcasing his innovative spirit and technical prowess.
Latest Patents
Among his latest patents, Patrick developed a novel method and system utilizing a bitmap for managing contactless payment card transactions. This innovation enables an electronic payment system to efficiently process both proximity payment card types and magnetic stripe card types. By leveraging common industry ISO 7811 standard data structures for communication, he has streamlined how transaction data is handled. Moreover, the system intelligently places dynamic authentication codes in unused spaces within these data structures, optimizing the use of resources varying by card issuer.
Another significant contribution from Patrick is his patent for reference equipment designed for testing electronic payment devices. This equipment includes a reference card and reader, which simulate the behaviors of a variety of payment devices. It allows for comprehensive testing under extreme conditions to ensure compliance with product specifications and enhance interoperability among payment devices.
Career Highlights
Patrick Smets is a key member of Mastercard International Incorporated, where he has leveraged his expertise to drive innovation in electronic payment technology. His inventions not only streamline transaction processes but also enhance security and efficiency in payment systems.
Collaborations
Throughout his career, Patrick has collaborated with talented professionals such as Eddy Lodewijk, Hortensia Van De Velde, and Duncan Garrett. These partnerships have played a vital role in the refinement and successful implementation of his patented technologies.
Conclusion
Patrick Smets exemplifies the qualities of a pioneering inventor. His contributions to electronic payment systems reflect his commitment to innovation and improvement. With his extensive patent portfolio, Patrick continues to shape the future of payment technology, paving the way for more secure and efficient transaction methods.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.