Mastercard International Incorporated

International Business Machines Corporation

Ajay Sinha

Naveen Kumar Gupta

Ajit Karnik

Judy J Kogut-O'Connell

Bhargav Jagdishchandra Modi

Sanjeev V Pradhan

Sunil Sridhar

Sachin Kumar Singh

Kaushal Naveen Shetty

Dipali Pathrabe

Namod Chandrashekar Kunder

Rajesh Krishna Sadanand

Saurabh Banga

Deepa Swami

Lalit Manchanda

Jay Kulshreshtha

Suraj Sah

Embodiments provide methods and systems for controlling payment transactions in a payment card using a companion payment application installed on a user device. The payment application and the payment card may be provided by an issuer server. Using the payment application, the number of transactions allowed on the payment card or an amount limit is set for the payment card. The payment application is used to set, reset, change the value of a counter in the card, which determines the number of allowed transactions. When the user attempts to make a transaction at a POS terminal, the payment card reads the value of counter, and if the value is not equal to a threshold value, the payment card exchanges data with the POS terminal and updates the value of the counter. The payment card is precluded from transaction when value of the counter is equal to threshold value.

Method and system to control payment transactions in a payment card using companion payment application

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.

Method and system for facilitating secure payment transactions

A transaction card comprises a piezoelectric chip configured to detect an impact applied to at least a portion of the transaction card, and generate an electrical pulse signal based on the detected impact. A processing circuitry of the transaction card is coupled to the piezoelectric chip. The processing circuitry, upon powering on, is configured to enable data exchange between the transaction card and a terminal device for executing a card-based transaction at the terminal device. The data exchange is enabled only when a magnitude of the electrical pulse signal exceeds a threshold value, thereby preventing unwanted data transfer from the transaction card.

Method and system for facilitating secure card-based transactions

Embodiments provide methods, and server systems for performing a combined transaction for one or more scheduled transactions. The method is configured to generate one or more machine readable codes for the one or more scheduled transactions through a first transaction terminal, where each machine readable code is associated with a scheduled transaction of the one or more scheduled transactions. Further, the method includes generating a composite machine readable code based on the one or more machine readable codes. The generation of composite machine readable code further include, at least one authentication attribute of an assignee. The method, furthermore, includes receiving a second transaction request through a second transaction terminal. The second transaction request includes the composite machine readable code. The method facilitates the combined transaction based on authentication of the composite machine readable code, wherein the combined transaction is associated with the one or more scheduled transactions.

Methods and systems for a combined transaction by an assignee on behalf of one or more users

A method and a system for facilitating reuse or recycling of a packing bag are provided. A server links one or more details of the packing bag with a user identifier of a user based on an issuance of the packing bag to the user. The packing bag is associated with an identity tag that stores the one or more details of the packing bag. The server detects an occurrence of a first event associated with the packing bag. The first event corresponds to the reuse of the packing bag by the user or submission of the packing bag by the user for recycling. Based on the detection of the first event, the server credits one or more reward points to a reward point account that is associated with the user identifier of the user. The reward points credited to the reward point account are redeemable by the user.

Method and system for facilitating reuse or recycling of packing bags

Embodiments provide methods and systems for reading a Quick Response (QR) code displayed in a user device of a user for facilitating a payment transaction. The method includes facilitating display of the QR code on a display screen of the user device. The QR code includes at least a payment related information for a payment transaction. The method also includes initializing a QR capture mode in the user device for capturing the QR code using a capture overlay frame. The method includes reading the QR code within the capture overlay frame to extract the payment related information. The method further includes facilitating the payment transaction based at least on the payment related information extracted by reading the QR code.

Payment methods and systems by scanning QR codes already present in a user device

A method may include receiving an online purchase request in a merchant interface from an electronic device of a customer. The online purchase request includes payment related information of payment card associated with customer for purchasing an item at a set price. Method includes sending an OTP request to payment server. Method further includes receiving an OTP from payment server, and storing OTP as a merchant OTP. Further, method includes facilitating sending OTP to registered contact identifier of customer. Further, method includes providing an option to customer to input a customer OTP in merchant interface. Thereafter, upon receipt of customer OTP from customer, the method includes locking an online purchase order of item for the set price based on one or more conditions. Payment transaction from payment card is actuated after a time period of locking the online purchase order based on the one or more conditions.

Methods and systems for online purchase of items in increased online traffic

Embodiments provide methods and systems for facilitating online shopping while watching multimedia content on an electronic device. The method includes receiving an input, from a controller, from a user interested in purchasing at least one item using a machine-readable code displayed in a scene of the multimedia content. The scene comprising the machine-readable code. The machine-readable code comprising payment information for purchasing the item. The method further includes capturing at least one screenshot of the scene comprising the machine-readable code without interrupting display of the multimedia content. The method also includes identifying the at least one machine-readable code in the at least one screenshot of the scene. Upon identifying the at least one machine-readable code the method includes extracting the at least one machine-readable code from the at least screenshot of the scene for processing a payment based on payment information present in the machine-readable code.

Methods and systems for electronic shopping through displayed multimedia content while viewing thereof

Embodiments of the present invention provide methods, computer program products, and systems for a predictive approach to contract management. In one embodiment, acceptable contract parameters are predicted based, at least in part on historic data and specified thresholds of identified contract parameters. Predicting acceptable contract parameters can help reduce negotiation cycles.

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Pune, India

Ajay Sinha