Peter Thorander

Title: The Innovative Mind of Peter Thorander

Introduction

Peter Thorander is a notable inventor based in Vallentuna, Sweden. He has made significant contributions to the field of payment technology, particularly with his innovative approach to cash card payments. His work has the potential to enhance the efficiency and security of financial transactions.

Latest Patents

Peter Thorander holds a patent for a "Method for payment with cash card." This invention outlines a method for cash card payment in a payment station for debit and credit cards. The unique aspect of this invention is that the cash card contains a processor that stores a unique identity associated with a monetary amount. This amount can be transferred from a bank account to the cash card, allowing for secure transactions without directly linking the amount to the cardholder's identity. The payment process involves transferring the amount and identity from the cash card to a payment terminal, which then activates the money institution to complete the transaction.

Career Highlights

Peter is currently employed at Id Loop AB, where he continues to develop innovative payment solutions. His work at the company reflects his commitment to advancing technology in the financial sector.

Collaborations

Peter collaborates with talented individuals such as Jan Vestlund and Rolf Norberg, who contribute to the innovative environment at Id Loop AB.

Conclusion

Peter Thorander's contributions to payment technology exemplify the spirit of innovation. His patent for a cash card payment method showcases his ability to address modern financial challenges. Through his work, he is paving the way for more secure and efficient payment systems.