Patents Assigned to Mastercard International Incorporated
  • Publication number: 20240020658
    Abstract: Embodiments provide methods and systems for facilitating scheduled payment transactions to users via an application provided by the server system, the application available on the user device. The method performed by the server system includes receiving a transaction request message from the user device, the transaction request message includes scheduled transaction instruction provided by the user in natural language format. The method includes authenticating the user based on a plurality of user authentication factors received from the user at pre-defined time intervals. In an embodiment, the server system is configured to train a data model using ML algorithms by learning the plurality of user authentication factors based on which the user is automatically authenticated by the server system. Upon successful authentication, the method includes parsing the transaction request message to determine a scheduled transaction instruction.
    Type: Application
    Filed: September 28, 2023
    Publication date: January 18, 2024
    Applicant: Mastercard International Incorporated
    Inventors: Peeyush Bansal, Avinash Kumar, Rishabh Mehra
  • Publication number: 20240020695
    Abstract: A method and system are disclosed for transferring digital tokens to and from a physical payment card. The method includes: receiving, on a processing server, a plurality of digital tokens issued from a central bank; and transferring, from the processing server, the plurality of digital tokens to the physical payment card, the physical payment card configured to be used with a point of sale (POS).
    Type: Application
    Filed: September 29, 2023
    Publication date: January 18, 2024
    Applicant: Mastercard International Incorporated
    Inventors: Sarala BURADAGUNTA, Rakesh YADAV, Sébastien LE CALLONNEC
  • Publication number: 20240020694
    Abstract: A method for carrying out a wireless transaction for authorization through a transaction processing system between a first computing device and a second computing device is described. The first computing device establishes a secure network connection with a third computing device. The first computing device initiates the wireless transaction with the second computing device. The first computing device provides information to perform a security protocol for the transaction to the third computing device over the secure connection. The performance of the security protocol includes determination of a secure result. The first computing device receives a dummy secure result from the third computing device, and performs the wireless transaction with the second computing device using the dummy secure result. The third computing device prepares a true secure result for the wireless transaction. The dummy secure result may be used to reconcile the wireless transaction with the true secure result.
    Type: Application
    Filed: July 17, 2023
    Publication date: January 18, 2024
    Applicant: MASTERCARD INTERNATIONAL INCORPORATED
    Inventors: Cristian Radu, Alan Johnson
  • Patent number: 11875357
    Abstract: A method and system for awarding blocks in a blockchain for mining based on commitment to a blockchain network. The method includes receiving, by a receiver of a processing server, a plurality of mining bids, where each mining bid is submitted by a blockchain node in a blockchain network and includes at least a declaration, the declaration being a period of time in which the blockchain node agrees to defer spending an earned mining fee; selecting, by a processor of the processing server, a winning bid of the plurality of mining bids based on at least the declaration included in each of the plurality of mining bids; and transmitting, by a transmitter of the processing server, a notification message to a winning blockchain node that submitted the winning bid.
    Type: Grant
    Filed: July 9, 2020
    Date of Patent: January 16, 2024
    Assignee: MASTERCARD INTERNATIONAL INCORPORATED
    Inventors: Shubham Jain, Yashika Sharma, Chandan Garg
  • Patent number: 11875349
    Abstract: A computer-implemented method for authenticating an online user with an access control server (ACS) is provided.
    Type: Grant
    Filed: June 21, 2019
    Date of Patent: January 16, 2024
    Assignee: MASTERCARD INTERNATIONAL INCORPORATED
    Inventors: Julia Sharon Gosset, Robert Albert Ederle, Ranjita Shankar Iyer, Brian Piel, Christopher John Merz, Felix Johannes Flory, Andres Gonzalez
  • Patent number: 11875347
    Abstract: A system and computer-implemented method for depersonalizing financial transaction data being switched by a switching service (e.g., an interchange network) between an acquirer and an issuer located in different countries. The acquirer's host sends a personalized transaction to a depersonalization service via an independent communications channel. The service depersonalizes the transaction and sends it back to the acquirer's host, and also sends a reverse depersonalization dictionary to the issuer's host. The acquirer's host sends the depersonalized transaction to the acquirer's interface, which sends it via the switching service to the issuer's interface, which sends it to the issuer's host. The issuer's host uses the dictionary to repersonalize the transaction, processes the repersonalized transaction, and sends a response code to the acquirer's host.
    Type: Grant
    Filed: July 1, 2022
    Date of Patent: January 16, 2024
    Assignee: Mastercard International Incorporated
    Inventor: Mikhail Veltishchev
  • Patent number: 11875356
    Abstract: A method for fraud modeling based on shared computing device usage includes: storing transaction data entries, each including a transaction date and/or time, account identifier, and device identifier associated with a computing device; receiving a transaction message for a payment transaction, the transaction message including a specific device identifier, primary account number, and additional transaction data; identifying transaction data entries where the included device identifier corresponds to the specific device identifier; determining a fraud risk rating based on a number of unique account identifiers included in the identified transaction data entries over a predetermined period of time; and transmitting the transaction message and the determined fraud risk rating to a financial institution associated with the primary account number.
    Type: Grant
    Filed: September 9, 2022
    Date of Patent: January 16, 2024
    Assignee: MASTERCARD INTERNATIONAL INCORPORATED
    Inventors: Todd Christian Lowenberg, Rohit Chauhan
  • Publication number: 20240013189
    Abstract: A system for payment routing programmed to: receive a payment transaction message relating to a putative transaction, the payment transaction message containing putative transaction data identifying an accountholder and a transaction amount corresponding to the putative transaction; input historical transaction data for the accountholder and at least a portion of the transaction amount to a scaled score algorithm to generate scaled scores for corresponding potential settlement dates, each of the scaled scores representing the likelihood of settlement of the putative transaction from an account of the accountholder on the corresponding one of the potential settlement dates; retrieve, from a financial institution corresponding to the account, actual account balances for the account on the corresponding potential settlement dates; and retrain the scaled score algorithm using the actual account balances.
    Type: Application
    Filed: September 21, 2023
    Publication date: January 11, 2024
    Applicant: Mastercard International Incorporated
    Inventors: Nicholas Bryan Baguley, Serenie Gagon, Natesh Babu Arunachalam, Justin A. Harnish, Cameron Bell, Daniel Roper
  • Publication number: 20240013176
    Abstract: A system for payment routing programmed to: receive a payment transaction message relating to a putative transaction, the payment transaction message containing putative transaction data identifying an account of an accountholder and a transaction amount corresponding to the putative transaction; input at least some of the putative transaction data to a scaled score algorithm to generate a scaled score representing the likelihood of settlement of the putative payment transaction on a date, the scaled score algorithm including a plurality of components each respectively outputting a value and the scaled score being based on the plurality of values; generate metadata regarding the scaled score by applying a plurality of contribution rules to the values, the metadata comprising significance indicators for the components with respect to the generation of the scaled score; and output the scaled score and the metadata regarding the scaled score in response to the payment transaction message.
    Type: Application
    Filed: September 21, 2023
    Publication date: January 11, 2024
    Applicant: Mastercard International Incorporated
    Inventors: Nicholas Bryan Baguley, Serenie Gagon, Natesh Babu Arunachalam, Justin A. Harnish, Cameron Bell, Daniel Roper
  • Publication number: 20240013293
    Abstract: A system for payment routing programmed to: receive a payment transaction message relating to a putative transaction, the payment transaction message containing putative transaction data identifying an accountholder and a transaction amount corresponding to the putative transaction; input historical transaction data for the accountholder and at least a portion of the transaction amount to a scaled score algorithm to generate scaled scores, each of the scaled scores representing the likelihood of settlement of the putative transaction on a corresponding date and payment rail; output the scaled scores to a merchant in response to the payment transaction message; receive, from the merchant and in response to the output, feedback data for the putative transaction, the feedback data including a date of attempted payment processing for the putative transaction and an indicator of whether the attempted payment processing was completed; and retrain the scaled score algorithm using the feedback data.
    Type: Application
    Filed: September 21, 2023
    Publication date: January 11, 2024
    Applicant: Mastercard International Incorporated
    Inventors: Nicholas Bryan Baguley, Serenie Gagon, Natesh Babu Arunachalam, Justin A. Harnish, Cameron Bell, Daniel Roper
  • Publication number: 20240013175
    Abstract: A method for application of account and transaction controls on a payment token includes: storing, in a first device of a system, a control profile including a token number and transaction controls; storing, in a second device of the system, a token profile including the token number and a corresponding account number; receiving, at the first device, a transaction message including a data element having the token number and additional transaction data; determining, by the first device, compliance with the transaction controls based on the additional transaction data; transmitting the transaction message from the first to the second device; replacing, by the second device, the token number with the account number in the transaction message; and transmitting, by the second device, the transaction message to a financial institution associated with the account number.
    Type: Application
    Filed: September 21, 2023
    Publication date: January 11, 2024
    Applicant: Mastercard International Incorporated
    Inventors: James John ANDERSON, Sandeep MALHOTRA, Amyn Mohamed DHALA, Alan JOHNSON
  • Publication number: 20240013188
    Abstract: A system for payment routing programmed to: receive a payment transaction message relating to a putative payment transaction of an accountholder, the payment transaction message containing putative payment transaction data including a transaction amount corresponding to the putative payment transaction; identify a plurality of accounts corresponding to the accountholder based on the payment transaction message; implement a payment split among the accounts, the payment split assigning a proportion of the transaction amount to each of the accounts; and generate a scaled score representing the likelihood of settlement of the assigned proportion of the transaction amount via each of the accounts on a date.
    Type: Application
    Filed: September 21, 2023
    Publication date: January 11, 2024
    Applicant: Mastercard International Incorporated
    Inventor: Shawn J. Mehrhoff
  • Publication number: 20240013215
    Abstract: A system for payment routing programmed to: receive a payment transaction message relating to a putative payment transaction of an accountholder, the payment transaction message containing putative payment transaction data including a transaction amount corresponding to the putative payment transaction; identify a plurality of accounts corresponding to the accountholder based on the payment transaction message, the accounts being held with a plurality of financial institutions; and responsive to receipt of the putative transaction data, generate a scaled score representing the likelihood of settlement of the putative payment transaction on a date for each of accounts held with the financial institutions.
    Type: Application
    Filed: September 21, 2023
    Publication date: January 11, 2024
    Applicant: Mastercard International Incorporated
    Inventor: Shawn J. Mehrhoff
  • Patent number: 11868986
    Abstract: A method for securely presenting transaction card data of a transaction card includes receiving, by a server, a pairing request to pair the transaction card with a user device. Based on the pairing request, the transaction card is paired with the user device by way of a pairing identifier. The server receives, from the user device, a data presentation request to present the transaction card data on the user device. In response to the data presentation request, the server validates the pairing between the user device and the transaction card based on the pairing identifier. The server communicates, to the user device, the transaction card data based on the validation of the pairing between the user device and the transaction card. The communicated transaction card data is presented on a user interface rendered on the user device.
    Type: Grant
    Filed: May 26, 2021
    Date of Patent: January 9, 2024
    Assignee: Mastercard International Incorporated
    Inventors: Kumar Abhinav, Ankush Solke, Aniket Anil Parab, Manjunath More
  • Patent number: 11869276
    Abstract: An application running on a user's mobile communication device photographically captures images of a code image. The code image may be permanently displayed at the transport location, or may be provided on a vehicle temporarily at the transport location. The displayed code image encodes travel data including ticket prices of a travel service from the transport location, and the application decodes the travel data from the captured images. The user can use the application to purchase a travel ticket on the travel service.
    Type: Grant
    Filed: March 5, 2019
    Date of Patent: January 9, 2024
    Assignee: MASTERCARD INTERNATIONAL INCORPORATED
    Inventor: Lloyd Fernandes
  • Patent number: 11868981
    Abstract: A transaction payload is received that represents at least i) a transaction initiated between a merchant and a customer, ii) an identification of the merchant, iii) an amount of the transaction, and iv) a transaction account associated with the customer. The transaction payload is encrypted using the OEM device credential. Thereafter, the transaction payload is decrypted and validated. Furthermore, the transaction payload is encrypted using an issuer credential, and routed via a predetermined payment service provider to a device associated with the issuer. Thereafter, the processor(s) receive from a device associated with the issuer, approval of the transaction, and transmit approval information to the enrolled mobile computing device for notifying the merchant that the transaction is approved.
    Type: Grant
    Filed: July 31, 2020
    Date of Patent: January 9, 2024
    Assignee: MASTERCARD INTERNATIONAL INCORPORATED
    Inventor: Manoneet Kohli
  • Patent number: 11868984
    Abstract: A method for secured receipt and usage of payment credentials using a commercial-off-the-shelf (COTS) device includes: storing, in the COTS device, a secure application program and cryptographic keys; establishing, by the program, a secure communication channel with a back-end system inaccessible by any application program or component in the COTS device; exchanging attestation data between the program and the back-end system using the communication channel; receiving payment credentials from a payment card by a near field communication (NFC) interface in the COTS device; transmitting the payment credentials to the program by the NFC interface; enciphering, by the program, the payment credentials; and transmitting, by the program of the COTS device, the enciphered payment credentials to the back-end system using the secure communication channel.
    Type: Grant
    Filed: June 22, 2022
    Date of Patent: January 9, 2024
    Assignee: MASTERCARD INTERNATIONAL INCORPORATED
    Inventors: Alan Mushing, Fernando Lourenco, Bruce John Rutherford
  • Patent number: 11869006
    Abstract: Systems and methods are provided for use in identifying synthetic party identities. One exemplary method includes receiving, at a computing device, a request from a relying party to assess validity of an identity presented by an asserting party in a network communication between the asserting party and the relying party, where the request includes identity data associated with the identity of the asserting party. The method also includes calculating, by the computing device, an assessment metric representative of the validity of the identity of the asserting party, where the assessment metric is based on at least one score derived from the identity data, and transmitting, by the computing device, the assessment metric to the relying party, whereby the relying party utilizes the assessment metric to determine whether or not to further interact with the asserting party in connection with the network communication.
    Type: Grant
    Filed: February 17, 2021
    Date of Patent: January 9, 2024
    Assignee: MASTERCARD INTERNATIONAL INCORPORATED
    Inventor: Reza Rahimi
  • Publication number: 20240005297
    Abstract: A method for facilitating payment transactions includes receiving, by a server, a flash code request indicative of a transaction amount. A flash code associated with the transaction amount is communicated by the server to the payer device. The flash code is encoded into a flash pattern at the payer device and communicated to a payee device of a payee for executing a payment transaction between the payer and the payee. A first request for the payment transaction is received by the server from the payee device. The first request includes the flash code obtained by decoding the flash pattern at the payee device. The flash code included in the first request is validated by the server. Based on successful validation of the flash code, the transaction amount is deducted from a payer account of the payer and credited to a payee account of the payee.
    Type: Application
    Filed: September 15, 2023
    Publication date: January 4, 2024
    Applicant: Mastercard International Incorporated
    Inventors: Kaushal Naveen Shetty, Ajay Sinha, Rajesh Krishna Sadanand, Sachin Kumar Singh
  • Patent number: 11861622
    Abstract: A method for preventing an unauthorized transaction indicative of scalping includes: receiving transaction data for a first payment transaction including one or more product identifiers associated with one or more products purchased in the first payment transaction and consumer identification data; updating a consumer profile based on the one or more product identifiers, wherein the consumer profile is identified using the consumer identification data; receiving a transaction message for a second payment transaction including at least one product identifier included in the one or more product identifiers and at least one consumer data value that is also included in the consumer profile; determining a suspicion score for the consumer profile above a predetermined threshold value; and transmitting an authorization response message for the second payment transaction including a response code indicative of rejection of the second payment transaction.
    Type: Grant
    Filed: December 30, 2021
    Date of Patent: January 2, 2024
    Assignee: MASTERCARD INTERNATIONAL INCORPORATED
    Inventors: Sharoze Amir, Juan Alejandro Gallegos, Phillip Viana