Timothy M Lee

Title: Innovations by Timothy M Lee

Introduction

Timothy M Lee is an accomplished inventor based in San Jose, CA. He has made significant contributions to the field of micropayment transactions, holding a total of 3 patents. His work focuses on creating seamless payment solutions that enhance the efficiency of financial transactions.

Latest Patents

One of Timothy's latest patents is titled "Method and system for processing micropayment transactions." This invention provides methods and systems for performing micropayment transactions over communication networks. It enables ubiquitous micropayments by offering a seamless payment solution where micropayment is one of several payment options facilitated. In this system, the transaction value can be compared to a predefined threshold, allowing it to be processed as a micropayment if it falls below that threshold. Alternatively, if the value exceeds the threshold, it is processed using a different system. Additionally, the transaction can be processed as a micropayment if the payee has been previously verified by the micropayment processing system.

Another notable patent is "Method and system for verifying use of a financial instrument." This system verifies a purported registrant's ownership or control of a payment instrument. It includes a communication device, memory, and a processor. The payment instrument verification module, stored in memory and executable by the processor, receives information about the payment instrument from a registrant. It initiates a financial transaction involving the payment instrument and generates a dispute amount for that transaction. The system then compares the dispute amount with a comparison amount received from a financial institution to verify the payment instrument.

Career Highlights

Timothy M Lee is currently employed at Visa International Service Association, where he continues to innovate in the field of payment processing. His work at Visa has allowed him to contribute to advancements in financial technology and micropayment systems.

Collaborations

Throughout his career, Timothy has collaborated with notable professionals, including Jeffrey William Perlman and Michael J Kearney. These collaborations have further enriched his work and contributed to the development of innovative payment solutions.

Conclusion

Timothy M Lee's contributions to micropayment technology and financial transaction verification have made a significant impact in the industry. His innovative patents and work at Visa International Service Association highlight his role as a leading inventor in the field.