Patents by Inventor PRAVIN PAREKH
PRAVIN PAREKH 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).
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Patent number: 11763295Abstract: A method for selecting consumers for targeted messages is described, the method comprising the steps of generating a token for representing a payment card number, and storing in a token table, an association of a wallet service provider ID, a digital wallet ID, the payment card number and the token. The method further comprises the steps of analyzing transaction data in a transaction table, the transaction data comprising transactions, and determining that the token is inactive when at least one of a set of predetermined conditions is satisfied. The method further comprises the steps of identifying the digital wallet ID and the wallet service provider ID that is associated with the inactive token and providing the identified digital wallet ID to a digital wallet service provider server having the identified wallet service provider ID, the identified digital wallet ID associated with the consumer to be selected for targeted messages.Type: GrantFiled: October 13, 2016Date of Patent: September 19, 2023Assignee: Mastercard International IncorporatedInventor: Pravin Parekh
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Patent number: 11663576Abstract: A computer implemented method, in a transaction processing server, of initiating a transaction, is disclosed. The method comprises: receiving, from a server associated with a merchant, an indication of a pending transaction between the merchant and a consumer; receiving, from a missed call processing server, an indication of a missed call made by the consumer, the indication of the missed call made by the consumer comprising an indication of a telephone number associated with the consumer; identifying the missed call made by the consumer with the pending transaction between the merchant and the consumer; looking up, in a consumer account database, an account associated with the consumer using the telephone number associated with the consumer; and generating a transaction authorization request for a transaction between the account associated with the consumer and an account associated with the merchant.Type: GrantFiled: June 2, 2017Date of Patent: May 30, 2023Assignee: MASTERCARD INTERNATIONAL INCORPORATEDInventors: Santosh Sitaram Potadar, Pravin Parekh
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Patent number: 11093938Abstract: A server for processing a card-not-present transaction is described. The server comprises at least a computer processor and a data storage device, the data storage device comprising instructions operative by the processor to: (i) receive a transaction authorization request, where the transaction authorization request comprises an indication of a payment card number and a delivery address used in the card-not-present transaction; (ii) retrieve, from a database, a registered address associated with the indication of the payment card number, the database being operatively connected to the server; (iii) compare the delivery address with the registered address; and (iv) generate a transaction authorization response based on a result of the comparison, where the transaction authorization response comprises an indication that the card-not-present transaction is to proceed if the delivery address matches the registered address.Type: GrantFiled: June 28, 2018Date of Patent: August 17, 2021Assignee: MASTERCARD INTERNATIONAL INCORPORATEDInventor: Pravin Parekh
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Patent number: 10984428Abstract: A method for allowing a merchant to rate a customer as part of a card transaction between the customer and the merchant, the method being performed in a merchant device, the method including: a) obtaining a card number for a payment card of the customer for use in the card transaction; b) obtaining a customer rating input by the merchant; c) generating a transaction message including: i) transaction details indicative of the card transaction, the transaction details including the card number; and ii) the customer rating; and d) transferring the transaction message to a server via a payment network, to thereby allow the server to: i) determine a customer identifier based on the card number; and ii) cause the customer rating to be stored in a ratings database in association with the customer identifier.Type: GrantFiled: April 3, 2018Date of Patent: April 20, 2021Assignee: MASTERCARD INTERNATIONAL INCORPORATEDInventor: Pravin Parekh
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Patent number: 10909542Abstract: There is provided a method and system for facilitating a payment from a customer to a merchant, and a client device for facilitating a payment from a customer to a merchant. The various aspects rely on use of a merchant identifier based on a client device geolocation.Type: GrantFiled: October 4, 2017Date of Patent: February 2, 2021Assignee: MASTERCARD INTERNATIONAL INCORPORATEDInventor: Pravin Parekh
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Patent number: 10504140Abstract: A method of providing a digital gift card to a beneficiary, the method including, in one or more electronic processing devices: receiving, from a digital wallet of an individual, a request to create a digital gift card including information indicative of at least one of: an occasion associated with the digital gift card and beneficiary information associated with the beneficiary; determining, based on at least one of the occasion and the beneficiary information, a plurality of gift card offers offered by respective merchants; presenting, from the digital wallet, the plurality of gift card offers; receiving, from the digital wallet, an indication of a selected gift card offer; processing a payment from the digital wallet to the merchant offering the selected gift card offer; and sending a digital gift card notification for the selected gift card offer to the beneficiary, to thereby allow the beneficiary to obtain and redeem it.Type: GrantFiled: November 23, 2016Date of Patent: December 10, 2019Assignee: MASTERCARD INTERNATIONAL INCORPORATEDInventor: Pravin Parekh
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Patent number: 10489771Abstract: According to a first aspect of the disclosure, there is provided a method for crediting a monetary amount to a beneficiary account from which payments are made, the method comprising: identifying, to a server administering the crediting of the beneficiary account, the beneficiary account to which the monetary amount is to be credited; receiving, at the server, an indication of the monetary amount to credit the beneficiary account; comparing the monetary amount against records of past amounts credited into other beneficiary accounts, the records being stored in a database of the server; generating a result of the comparison; and crediting the beneficiary account with the monetary amount.Type: GrantFiled: January 4, 2017Date of Patent: November 26, 2019Assignee: MASTERCARD INTERNATIONAL INCORPORATEDInventor: Pravin Parekh
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Publication number: 20190272526Abstract: A computer implemented method, in a transaction processing server, of initiating a transaction, is disclosed. The method comprises: receiving, from a server associated with a merchant, an indication of a pending transaction between the merchant and a consumer; receiving, from a missed call processing server, an indication of a missed call made by the consumer, the indication of the missed call made by the consumer comprising an indication of a telephone number associated with the consumer; identifying the missed call made by the consumer with the pending transaction between the merchant and the consumer; looking up, in a consumer account database, an account associated with the consumer using the telephone number associated with the consumer; and generating a transaction authorization request for a transaction between the account associated with the consumer and an account associated with the merchant.Type: ApplicationFiled: June 2, 2017Publication date: September 5, 2019Applicant: MasterCard International IncorporatedInventors: Santosh Sitaram POTADAR, Pravin PAREKH
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Publication number: 20190026735Abstract: A server for processing a card-not-present transaction is described. The server comprises at least a computer processor and a data storage device, the data storage device comprising instructions operative by the processor to: (i) receive a transaction authorization request, where the transaction authorization request comprises an indication of a payment card number and a delivery address used in the card-not-present transaction; (ii) retrieve, from a database, a registered address associated with the indication of the payment card number, the database being operatively connected to the server; (iii) compare the delivery address with the registered address; and (iv) generate a transaction authorization response based on a result of the comparison, where the transaction authorization response comprises an indication that the card-not-present transaction is to proceed if the delivery address matches the registered address.Type: ApplicationFiled: June 28, 2018Publication date: January 24, 2019Inventor: Pravin Parekh
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Publication number: 20180330434Abstract: A method is proposed for providing a user with financial information. Financial data describing actual financial transactions made by a user is used to define a fictional scenario describing the financial situation of a character associated with at least one financial account. The fictional scenario is allowed to evolve, with input from the user to control actions taken by the character, and it is determined whether the final state of the fictional scenario complies with goal criteria. Thus, the user is presented with an enjoyable, partially fictionalized version of his or her own financial situation, and can learn appropriate behaviors to achieve financial goals. Advice may be generated to the user as to how to do this.Type: ApplicationFiled: May 10, 2018Publication date: November 15, 2018Inventors: Shivendra Dubey, Ajay Sinha, Pravin Parekh, Neeraj Dase, Sagar Suresh Sonawane
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Publication number: 20180293594Abstract: A method for allowing a merchant to rate a customer as part of a card transaction between the customer and the merchant, the method being performed in a merchant device, the method including: a) obtaining a card number for a payment card of the customer for use in the card transaction; b) obtaining a customer rating input by the merchant; c) generating a transaction message including: i) transaction details indicative of the card transaction, the transaction details including the card number; and ii) the customer rating; and d) transferring the transaction message to a server via a payment network, to thereby allow the server to: i) determine a customer identifier based on the card number; and ii) cause the customer rating to be stored in a ratings database in association with the customer identifier.Type: ApplicationFiled: April 3, 2018Publication date: October 11, 2018Inventor: Pravin Parekh
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Publication number: 20180174117Abstract: A computer implemented method of processing a payment transaction is disclosed. The method comprises: receiving, in a payment processing server, an indication of an account associated with a payer; receiving, in the payment processing server, recipient identification information, the recipient identification information comprising an image of a recipient; determining, in a database search module of the payment processing server, an account associated with the recipient by searching a database using the recipient identification information; and initiating, in a transaction initiation module of the payment processing server, a payment transaction from the account associated with the payer to the account associated with the recipient.Type: ApplicationFiled: October 30, 2017Publication date: June 21, 2018Inventors: Pravin Parekh, Alex Staveley
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Publication number: 20180174233Abstract: A system for managing a loan for purchase of a product by a consumer comprises a server communicable with the product. The server has a processor and a memory configured to store computer-readable instructions which are executed upon receipt, by the server, of a notification indicating a breach by the consumer of at least one of a set of rules governing the loan. When the instructions are executed, the processor (i) obtains consumer-specific data associated with the consumer; (ii) based on the consumer-specific data, determines an action to be taken in response to the breach; and (iii) communicates, to the product, a control message indicative of the determined action to be taken. The determined action to be taken comprises inhibiting continued working of the product by the consumer for a length of time. The control message is configured to affect the product to perform the action.Type: ApplicationFiled: December 15, 2017Publication date: June 21, 2018Applicant: Mastercard International IncorporatedInventor: Pravin Parekh
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Publication number: 20180144102Abstract: A method is proposed for calculating a heath index for an individual which is informative about the health of the individual. The health index is at least partly generated using transactional data specifying payment transactions made by an individual. Additionally, the calculation of the health index may use measurement data collected by a measurement device worn by the individual. The health index may be used to calculate a price for a financial product, such as an insurance product.Type: ApplicationFiled: October 20, 2017Publication date: May 24, 2018Inventor: Pravin Parekh
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Publication number: 20180101833Abstract: The present disclosure generally relates to a computerized method implemented, in part, on a host server for controlling access to a facility. The method comprises: receiving a data message comprising facility identification data provided by the facility and user account data provided by a mobile device of the user; generating a pseudo payment message comprising the user account data; communicating the pseudo payment message to a payment network for performing a pseudo payment process; and communicating an instruction message to the facility subsequent to completion of the pseudo payment process, wherein the facility is configured to change from the secured state to an unsecured state if the instruction message represents approval of the pseudo payment process, thereby providing, to the user, access to the facility.Type: ApplicationFiled: August 31, 2017Publication date: April 12, 2018Inventor: Pravin Parekh
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Publication number: 20180096356Abstract: The present disclosure generally relates to a method and apparatus for initiating a verified payment transaction between the customer and a merchant. The method comprises: receiving image data associated with facial features of the customer; initiating a verification process comprising: generating first facial metrics based on the image data; comparing the first facial metrics to predetermined facial metrics of the customer; and verifying the customer's identity based on the comparison of the first facial metrics to the predetermined facial metrics; and providing authorization for details of a customer payment vehicle to be communicated to a merchant payment terminal in response to positive verification of the customer's identity from the verification process, wherein the payment transaction is initiated upon communication of the details of the customer payment vehicle to the merchant payment terminal.Type: ApplicationFiled: September 27, 2017Publication date: April 5, 2018Inventor: Pravin Parekh
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Publication number: 20180096352Abstract: There is provided a method and system for facilitating a payment from a customer to a merchant, and a client device for facilitating a payment from a customer to a merchant. The various aspects rely on use of a merchant identifier based on a client device geolocation.Type: ApplicationFiled: October 4, 2017Publication date: April 5, 2018Inventor: Pravin Parekh
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Publication number: 20170357955Abstract: A method of transferring funds between a user and a beneficiary, the method including, in one or more electronic processing devices: a) receiving a funds transfer request from a client device of the user, the funds transfer request being indicative of: i) user account information indicative of a user account associated with the user; ii) a unique beneficiary identifier issued to the beneficiary by an issuing country; and, iii) an amount of funds to be transferred to the beneficiary; b) determining an indication of the issuing country; c) using the unique beneficiary identifier and indication of the issuing country to retrieve beneficiary account information indicative of a beneficiary account associated with the beneficiary; and, d) causing the funds to be transferred between the user account and the beneficiary account using the user account information and the beneficiary account information.Type: ApplicationFiled: May 31, 2017Publication date: December 14, 2017Inventor: Pravin Parekh
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Publication number: 20170278156Abstract: A computer implemented method of providing an indication whether a basket content is within a duty free allowance is disclosed.Type: ApplicationFiled: March 22, 2017Publication date: September 28, 2017Inventor: Pravin Parekh
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Publication number: 20170228707Abstract: There is provided a method, platform and system for making a monetary deposit with a depository institution. In at least some embodiments, the method, platform and system allow users to gain access to preferential rates for their monetary deposits, and can also provide a channel for some depository institutions to provide monetary deposit products/services for the users, whereby these depository institutions could not or did not provide such monetary deposit products/services in the past.Type: ApplicationFiled: February 3, 2017Publication date: August 10, 2017Inventor: Pravin Parekh