Mastercard International Incorporated

Archit Umrao

Aditya Koduri

Anurag Aggarwal

Shubham Kumar

Amit Gupta

Shubhangi Sengar

Deepak Agarwal

Rahul Lamba

Rajesh Chopra

A method and a system for conducting a transaction using an electronic chip are provided. One or more details of a plurality of payment modes and a first authentication parameter are stored in the electronic chip. The electronic chip receives an authentication request including a second authentication parameter from a terminal device when the transaction is initiated at the terminal device. The electronic chip compares the first and second authentication parameters, and communicates an authentication response including one or more details of a first payment mode of the plurality of payment modes to the terminal device based on a match between the first authentication parameter and the second authentication parameter. The transaction is processed based on the authentication response.

Method and system for conducting transactions using electronic chip

The disclosed subject matter includes methods, systems, and networks for authentication based on physical characteristics of a mobile device. A computer-implemented method performed by a payment network includes receiving an image of a part of a mobile device from an image capturing device that communicates with the payment network, wherein the mobile device includes digital card data of a customer. The computer-implemented method may also include comparing a physical condition of the part of the mobile device shown in the received image to the physical condition of the part of the mobile device shown in a stored image. In addition, the computer-implemented method may include authenticating or declining a transaction involving the digital card data based on the comparison of the physical condition of the part of the mobile device in the received image and the stored.

Methods, systems, and networks for authentication based on physical condition of a mobile device

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Farrukhabad, India

Archit Umrao