Company Filing History:
Years Active: 2020-2024
Title: Innovations of Peter Milov
Introduction
Peter Milov is an accomplished inventor based in San Jose, California. He has made significant contributions to the field of electronic payment systems, holding three patents to his name. His work focuses on enhancing the security and efficiency of electronic transactions.
Latest Patents
One of Peter Milov's latest patents is a system and method for a self-calculating token vault. This innovative system involves generating and using a temporary token based on a legacy Primary Account Number (PAN) to conduct electronic transactions. The token is created by transforming the PAN using specific inputs, allowing the original PAN to be recovered through various manipulations, including encryption and decryption. The token is then transmitted to a portable electronic device, which presents it to a point-of-sale (POS) device. The POS communicates the token to a server that validates it by recovering the PAN. If the PAN is successfully recovered, a validation message is sent back to the POS device.
Career Highlights
Throughout his career, Peter Milov has worked with notable companies, including Sequent Software, Inc. and T.I.S. His experience in these organizations has contributed to his expertise in developing advanced electronic payment solutions.
Collaborations
Peter has collaborated with various professionals in the industry, including his coworker Hans Reisgies. Their joint efforts have furthered the development of innovative technologies in electronic payments.
Conclusion
Peter Milov's contributions to electronic payment systems through his patents and career experiences highlight his role as a significant innovator in the field. His work continues to influence the way electronic transactions are conducted today.
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.