Location History:
- Richmond, CA (US) (2018)
- Point Richmond, CA (US) (2018 - 2023)
Company Filing History:
Years Active: 2018-2023
Title: The Innovative Mind of Timothy Yip
Introduction
Timothy Yip is a notable inventor based in Point Richmond, California. He has made significant contributions to the field of payment transaction authentication, holding a total of four patents. His work focuses on enhancing the security and efficiency of financial transactions.
Latest Patents
One of Timothy Yip's latest patents is a payment transaction authentication system and method. This invention describes techniques for validating a money transfer request between a sender and a recipient through challenge questions. The method involves determining the level of risk associated with the money transfer request and, if the risk exceeds a certain threshold, obtaining a query for the recipient based on the current or past requests. The recipient's response is then used to validate the transaction.
Another significant patent by Yip is also a payment transaction authentication system and method. This invention focuses on validating a payment transaction between a customer and a merchant using similar challenge questions. The payment processing system assesses the risk level of the transaction and, if necessary, queries the customer for additional information. The response received from the customer is crucial for validating the current payment transaction.
Career Highlights
Timothy Yip has worked with prominent companies in the tech industry, including Square, Inc. and Block, Inc. His experience in these organizations has allowed him to develop innovative solutions that address critical issues in payment processing and security.
Collaborations
Throughout his career, Timothy has collaborated with talented individuals such as Brian John Mullins and Rehman Baig. These partnerships have contributed to the development of his groundbreaking inventions.
Conclusion
Timothy Yip's work in payment transaction authentication showcases his innovative spirit and dedication to improving financial security. His patents reflect a deep understanding of the challenges in the payment industry and offer practical solutions to enhance transaction safety.