Timothy B Nyman

Title: The Innovative Mind of Timothy B Nyman

Introduction

Timothy B Nyman is a notable inventor based in Bristol, RI (US). He has made significant contributions to the field of gaming and payment systems, holding two patents that showcase his innovative spirit. His work focuses on enhancing consumer transactions and creating new gaming opportunities.

Latest Patents

Nyman's latest patents include a groundbreaking system, device, and method for paperless wagering and payment of winnings. This invention introduces a transaction card that facilitates typical consumer transactions alongside lottery offerings. The card can incorporate a reader terminal to associate lottery tickets with the transaction instrument. It also enables new gaming opportunities, such as a personalized guaranteed prize structure and localized jackpots. The system allows for a lottery data processing system that communicates funding amounts to a multi-purpose transaction card based on lottery winnings. Additionally, it provides a mechanism for a custodian, not associated with the winner, to derive earnings from the winnings without charging a fee to the cardholder.

Career Highlights

Throughout his career, Timothy B Nyman has worked with prominent companies in the gaming industry, including Gtech Corporation and International Game Technology (IGT). His experience in these organizations has contributed to his expertise in developing innovative gaming solutions.

Collaborations

Nyman has collaborated with notable colleagues such as Richard S Meehan and Thomas K Oram, further enriching his professional journey and expanding his network within the industry.

Conclusion

Timothy B Nyman's contributions to the field of gaming and payment systems reflect his innovative mindset and dedication to enhancing consumer experiences. His patents demonstrate a forward-thinking approach that continues to influence the industry.