Vincent Boston

Title: Vincent Boston: Innovator in Financial Transaction Systems

Introduction

Vincent Boston is a notable inventor based in San Mateo, CA (US). He has made significant contributions to the field of financial transaction systems, holding a total of 4 patents. His work focuses on enhancing the security and efficiency of transaction processes.

Latest Patents

One of Vincent's latest patents is a "Transaction system with off-line risk assessment." This invention relates to a transaction system that allows the issuer of transaction cards to regulate the type of authorization requests transmitted from the point of transaction. The system includes multiple transaction cards, each equipped with risk assessment data associated with the cardholder. It also features terminals capable of reading the information on the transaction cards. The risk assessment data is utilized to generate a pending transaction limit, which is compared to the transaction amount. If approved, the terminal issues an automatic, off-line authorization. If not, the transaction information is sent to the issuer for further evaluation.

Another significant patent is the "Portable financial transaction card capable of authorizing a transaction." This transaction card is designed to authorize transactions in foreign currencies. It includes an internal microprocessor connected to a memory that stores a transaction limit for each account. The cardholder can select a foreign currency for purchases, and the processor converts the transaction limit accordingly. During the transaction, the processor compares the transaction amount with the converted limit to determine if an approval code should be generated. The card also features a keypad for data entry and an LCD readout for displaying the approval code.

Career Highlights

Vincent Boston is currently associated with Visa International Service Association, where he continues to innovate in the financial technology sector. His work has been instrumental in developing systems that enhance transaction security and user experience.

Collaborations

Vincent has collaborated with notable coworkers such as Einar L Asbo and Elvis W Boggan, contributing to various projects that aim to improve financial transaction systems.

Conclusion

Vincent Boston's contributions to the field of financial transaction systems are noteworthy. His innovative patents reflect a commitment to enhancing transaction security and efficiency. His work continues to influence the financial technology landscape.