Patents by Inventor Mostafa Hussein Sabet

Mostafa Hussein Sabet has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20200394639
    Abstract: A device and method for waveform transmission of transaction card data to a merchant point-of-sale device are provided. The device includes a memory device for storing data, a processor, and a transmitter. The device is programmed to receive transaction card data that mimics data stored within a magnetic stripe associated with a transaction card, convert the transaction card data to a first data file for storage within the memory device, transmit the first data file to the transmitter, and transmit a first waveform from the transmitter to the POS device, wherein the first waveform includes changes in a magnetic field that represent the transaction card data.
    Type: Application
    Filed: August 31, 2020
    Publication date: December 17, 2020
    Inventors: David C. Brown, Simon Blythe, Deborah M. Kimberg, Mostafa Hussein Sabet
  • Patent number: 10762491
    Abstract: A device and method for waveform transmission of transaction card data to a merchant point-of-sale device are provided. The device includes a memory device for storing data, a processor, and a transmitter. The device is programmed to receive transaction card data that mimics data stored within a magnetic stripe associated with a transaction card, convert the transaction card data to a first data file for storage within the memory device, transmit the first data file to the transmitter, and transmit a first waveform from the transmitter to the POS device, wherein the first waveform includes changes in a magnetic field that represent the transaction card data.
    Type: Grant
    Filed: November 9, 2018
    Date of Patent: September 1, 2020
    Assignee: MASTERCARD INTERNATIONAL INCORPORATED
    Inventors: David C. Brown, Simon Blythe, Deborah M. Kimberg, Mostafa Hussein Sabet
  • Publication number: 20200097931
    Abstract: A method includes receiving an invoice token from a merchant, where the invoice token represents an invoice for an e-commerce transaction. The invoice token is transmitted to a payment services computer to request details of the invoice. The requested invoice details are received from the payment service computer, and an account is selected to support payment for the transaction. A payment transaction is initiated to settle the e-commerce transaction based on the invoice details and the account that was selected to support the payment.
    Type: Application
    Filed: September 21, 2018
    Publication date: March 26, 2020
    Inventors: Yen Tran, Sandeep Malhotra, Mostafa Hussein Sabet, Shanthan Subramaniam
  • Publication number: 20200082356
    Abstract: A method includes receiving a first ACH (automated clearing house) transaction at a local (domestic) sponsor bank. The first ACH transaction originates from a domestic originating bank. In response to the first ACH transaction, a second ACH transaction is executed from the local sponsor bank to a foreign sponsor bank. The second ACH transaction includes addressing messaging. The addressing messaging indicates a receiving bank in the same country as the foreign sponsor bank. The receiving bank is designated to receive a third ACH transaction from the foreign sponsor bank to benefit a recipient's account at the receiving bank. The addressing messaging contains an account number to identify the recipient's account.
    Type: Application
    Filed: September 6, 2018
    Publication date: March 12, 2020
    Inventors: Mostafa Hussein Sabet, Martin Hargreaves, Shanthan Subramaniam
  • Publication number: 20190325410
    Abstract: A method includes receiving a request for a payment transaction. The requested transaction may have a number of attributes. A particular transaction routing option may be selected from among two or more transaction routing options. The selection may be based at least in part on the attributes of the requested transaction. The two or more transaction routing options may include at least one ACH (automated clearing house) system and at least one payment card account system. The transaction may be executed via the selected transaction routing option.
    Type: Application
    Filed: April 20, 2018
    Publication date: October 24, 2019
    Inventors: Mostafa Hussein Sabet, Mohammed Kamal
  • Publication number: 20190080311
    Abstract: A device and method for waveform transmission of transaction card data to a merchant point-of-sale device are provided. The device includes a memory device for storing data, a processor, and a transmitter. The device is programmed to receive transaction card data that mimics data stored within a magnetic stripe associated with a transaction card, convert the transaction card data to a first data file for storage within the memory device, transmit the first data file to the transmitter, and transmit a first waveform from the transmitter to the POS device, wherein the first waveform includes changes in a magnetic field that represent the transaction card data.
    Type: Application
    Filed: November 9, 2018
    Publication date: March 14, 2019
    Inventors: David C. Brown, Simon Blythe, Deborah M. Kimberg, Mostafa Hussein Sabet
  • Patent number: 10127543
    Abstract: A device and method for waveform transmission of transaction card data to a merchant point-of-sale device are provided. The device includes a memory device for storing data, a processor, and a transmitter. The device is programmed to receive transaction card data that mimics data stored within a magnetic stripe associated with a transaction card, convert the transaction card data to a first data file for storage within the memory device, transmit the first data file to the transmitter, and transmit a first waveform from the transmitter to the POS device, wherein the first waveform includes changes in a magnetic field that represent the transaction card data.
    Type: Grant
    Filed: July 11, 2017
    Date of Patent: November 13, 2018
    Assignee: MASTERCARD INTERNATIONAL INCORPORATED
    Inventors: David C. Brown, Simon Blythe, Deborah M. Kimberg, Mostafa Hussein Sabet
  • Publication number: 20170308886
    Abstract: A device and method for waveform transmission of transaction card data to a merchant point-of-sale device are provided. The device includes a memory device for storing data, a processor, and a transmitter. The device is programmed to receive transaction card data that mimics data stored within a magnetic stripe associated with a transaction card, convert the transaction card data to a first data file for storage within the memory device, transmit the first data file to the transmitter, and transmit a first waveform from the transmitter to the POS device, wherein the first waveform includes changes in a magnetic field that represent the transaction card data.
    Type: Application
    Filed: July 11, 2017
    Publication date: October 26, 2017
    Inventors: David C. Brown, Simon Blythe, Deborah M. Kimberg, Mostafa Hussein Sabet
  • Patent number: 9727855
    Abstract: A device and method for waveform transmission of transaction card data to a merchant point-of-sale device are provided. The device includes a memory device for storing data, a processor, and a transmitter. The device is programmed to receive transaction card data that mimics data stored within a magnetic stripe associated with a transaction card, convert the transaction card data to a first data file for storage within the memory device, transmit the first data file to the transmitter, and transmit a first waveform from the transmitter to the POS device, wherein the first waveform includes changes in a magnetic field that represent the transaction card data.
    Type: Grant
    Filed: March 8, 2016
    Date of Patent: August 8, 2017
    Assignee: Mastercard International Incorporated
    Inventors: David C. Brown, Simon Blythe, Deborah M. Kimberg, Mostafa Hussein Sabet
  • Publication number: 20160189130
    Abstract: A device and method for waveform transmission of transaction card data to a merchant point-of-sale device are provided. The device includes a memory device for storing data, a processor, and a transmitter. The device is programmed to receive transaction card data that mimics data stored within a magnetic stripe associated with a transaction card, convert the transaction card data to a first data file for storage within the memory device, transmit the first data file to the transmitter, and transmit a first waveform from the transmitter to the POS device, wherein the first waveform includes changes in a magnetic field that represent the transaction card data.
    Type: Application
    Filed: March 8, 2016
    Publication date: June 30, 2016
    Inventors: David C. Brown, Simon Blythe, Deborah M. Kimberg, Mostafa Hussein Sabet
  • Patent number: 9305294
    Abstract: A device and method for waveform transmission of transaction card data to a merchant point-of-sale device are provided. The device includes a memory device for storing data, a processor, and a transmitter. The device is programmed to receive transaction card data that mimics data stored within a magnetic stripe associated with a transaction card, convert the transaction card data to a first data file for storage within the memory device, transmit the first data file to the transmitter, and transmit a first waveform from the transmitter to the POS device, wherein the first waveform includes changes in a magnetic field that represent the transaction card data.
    Type: Grant
    Filed: April 28, 2015
    Date of Patent: April 5, 2016
    Assignee: MasterCard International Incorporated
    Inventors: David C. Brown, Simon Blythe, Deborah M. Kimberg, Mostafa Hussein Sabet
  • Patent number: 9165293
    Abstract: A device and method for waveform transmission of transaction card data to a merchant point-of-sale device are provided. The device includes a memory device for storing data, a processor, and a transmitter. The device is programmed to receive transaction card data that mimics data stored within a magnetic stripe associated with a transaction card, convert the transaction card data to a first data file for storage within the memory device, transmit the first data file to the transmitter, and transmit a first waveform from the transmitter to the POS device, wherein the first waveform includes changes in a magnetic field that represent the transaction card data.
    Type: Grant
    Filed: March 30, 2012
    Date of Patent: October 20, 2015
    Assignee: MasterCard International Incorporated
    Inventors: David C. Brown, Simon Blythe, Deborah M. Kimberg, Mostafa Hussein Sabet
  • Publication number: 20150248655
    Abstract: A device and method for waveform transmission of transaction card data to a merchant point-of-sale device are provided. The device includes a memory device for storing data, a processor, and a transmitter. The device is programmed to receive transaction card data that mimics data stored within a magnetic stripe associated with a transaction card, convert the transaction card data to a first data file for storage within the memory device, transmit the first data file to the transmitter, and transmit a first waveform from the transmitter to the POS device, wherein the first waveform includes changes in a magnetic field that represent the transaction card data.
    Type: Application
    Filed: April 28, 2015
    Publication date: September 3, 2015
    Inventors: David C. Brown, Simon Blythe, Deborah M. Kimberg, Mostafa Hussein Sabet
  • Publication number: 20130256397
    Abstract: A device and method for waveform transmission of transaction card data to a merchant point-of-sale device are provided. The device includes a memory device for storing data, a processor, and a transmitter. The device is programmed to receive transaction card data that mimics data stored within a magnetic stripe associated with a transaction card, convert the transaction card data to a first data file for storage within the memory device, transmit the first data file to the transmitter, and transmit a first waveform from the transmitter to the POS device, wherein the first waveform includes changes in a magnetic field that represent the transaction card data.
    Type: Application
    Filed: March 30, 2012
    Publication date: October 3, 2013
    Inventors: David C. Brown, Simon Blythe, Deborah M. Kimberg, Mostafa Hussein Sabet
  • Publication number: 20130198074
    Abstract: A method is provided for permitting a consumer to purchase gasoline without contemporaneously taking delivery of the gasoline. The method includes establishing a credit of a purchase of gasoline at a specified price per unit, without delivery. The method further includes authenticating a purchase of a certain number of units of gasoline at a certain price per unit, with delivery, from a gas retailer. The purchase is compared with the credit to determine if the credit may be redeemed with the sale. If so, the sale amount is adjusted to reflect an adjusted sale amount, and the adjusted sale amount is then cleared as a final transaction. Advantageously, with the subject invention, a consumer may pre-purchase gasoline at an agreed-to price without delivery of the gasoline, with receiving credit at a subsequent purchase in a single transaction, even if the amount of gasoline exceeds the pre-purchase amount.
    Type: Application
    Filed: February 1, 2012
    Publication date: August 1, 2013
    Applicant: MASTERCARD INTERNATIONAL, INC.
    Inventors: Jeffrey Allen Cox, Mostafa Hussein Sabet