Mastercard International Incorporated

Rahul Agrawal

Sudhir Gupta

Harsh Piparsaniya

Moreshwar Mukund Datye

Krishna Prasad Vasireddy

Ashutosh Subhash Gijare

The present disclosure generally relates to systems and methods for processing recurring payment transactions. In various embodiments, the system receives details of the set of recurring payment transactions and stores the details in a recurring transaction details table. The system generates a virtual payment instrument and associates it with the consumer's payment instrument. The system transmits the virtual payment instrument to the consumer. The system then generates a set of payment tokens for the set of recurring transactions and links the tokens to the virtual payment instrument. Each token is associated with a discrete recurring period. The system encodes each token with a sequence of values and stores the tokens in the recurring payment token table. The system receives a recurring transaction request that includes the virtual payment instrument. The system validates the request against a token associated with the recurring period, processes the transaction, and deletes the token.

Electronic system and computerized method for processing recurring payment transactions

A method of facilitating a transaction with a payment card of a cardholder. The method includes receiving a deceptive PIN comprising a set of characters in which one character is a deceptive character. The deceptive character is different than each of a set of actual characters of an actual PIN of the payment card. The method includes identifying the deceptive character and a position of the deceptive character among the set of characters of the deceptive PIN. The method includes determining a reconstructed PIN by replacing the deceptive character with a corresponding actual character at the position in the deceptive PIN. The actual character is determined based on a predefined mathematical expression and a predefined value for the predefined mathematical expression. The method includes authenticating the reconstructed PIN by matching the reconstructed PIN with the actual PIN. The method further includes facilitating the transaction upon successful authentication.

Payment methods and systems based on a deceptive pin of a payment card

Systems and methods are provided for authenticating a user in connection with a network transaction by the user, based on a biometric combination for the user. One exemplary method includes receiving an authorization request for a network transaction by a user where the authorization request includes biometric data representing at least first and second biometrics of the user. The method also includes converting the biometric data to a personal identification number (PIN) specific to the biometric data, where the first biometric is converted to a first character of the PIN and the second biometric is converted to a second character of the PIN. The method further includes appending the PIN to the authorization request and transmitting the authorization request to an issuer, thereby permitting the issuer to approve or decline the network transaction based, at least in part, on the PIN included in the authorization request.

Systems and methods for use in authenticating users in connection with network transactions

A method for facilitating transactions is provided. Various users register their payment modes to avail a payment mode interchange service offered by a server for online purchases. During registration, the users specify corresponding offer amounts in exchange for allowing purchases of other users to be performed by using their payment modes. When an offer on a purchase is not applicable on a payment mode of a first user, the first user is recommended by the server to make the purchase by using a payment mode of a second user on which the offer is applicable. The payment mode of the second user is charged with a purchase amount of the purchase and the offer amount specified by the second user is billed on the payment mode of the first user. The second user receives the offer amount and the first user receives an incentive associated with the offer.

Method and system for facilitating electronic transactions

Systems and methods for facilitating authentication for payment transactions using pattern-based time bound passwords. More specifically, techniques disclosed herein enable authentication of payment transactions performed by a user at a merchant terminal based on a pre-registered pattern provided by the user within a pre-defined time period limit. The pre-registered pattern drawn in the pre-defined time period is registered as a password for authenticating any payment transaction performed by the user using a payment card which is associated with an account of the user in an issuing bank. If the user provides the pre-registered pattern within the pre-defined time period limit, the payment transaction is authenticated. In another embodiment, such pattern-based time bound password is used as a second level authentication in which first level authentication is performed by a personal identification number.

Methods and systems for pattern-based authentication for payment transactions

Embodiments provide a method of facilitating a payment transaction with a payment card of a customer. The method includes receiving a payment transaction request initiated at a merchant terminal. The payment transaction request comprising at least a merchant transaction amount associated with a purchase entered at a merchant terminal, a PIN of the payment card provided by the customer via a keypad and a customer transaction amount provided by the customer via the keypad. The method includes facilitating verification of facilitating verification of the PIN with a stored PIN. The method further includes, upon successful verification, determining whether the merchant transaction amount conforms to the customer transaction amount. The method further includes facilitating a payment transaction associated with the payment transaction request if the merchant transaction amount conforms to the customer transaction amount.

Payment transaction methods and systems enabling verification of payment amount by payment card

A method and system for crediting a financial account of a user with an amount is provided. The amount is maintained in a lock mode for a set time period in the account. The crediting of the amount is based on a registration request received from the user. The user further provides the amount that the user wants to maintain in the account. Reward points are determined based on transaction history of a transaction card associated with the account and are blocked in the account based on the registration request. The reward points are settled as and when the user performs transactions in the set time period by way of the transaction card. The amount that is equivalent to the reward points is credited in the account of the user when the reward points are settled in the set time period.

Method and system for crediting account

Embodiments provide a method of facilitating a payment transaction with a payment card of a customer. The method includes receiving a payment transaction request initiated at a merchant terminal. The payment transaction request comprises a merchant transaction amount associated with a purchase entered at the merchant terminal and a fingerprint tap input provided by the customer on a fingerprint input module, the fingerprint tap input indicative of a customer transaction amount associated with the purchase. The method includes facilitating verification of a fingerprint obtained from the fingerprint tap input of the customer by comparing with stored fingerprint of the customer. The method further includes, upon successful verification, determining whether the merchant transaction amount conforms to the customer transaction amount obtained from the fingerprint tap input. The method further includes facilitating the payment transaction associated with the payment transaction request if the merchant transaction amount conforms to the customer transaction amount.

Payment transaction methods and systems enabling verification of payment amount by fingerprint of customer

The invention provides systems, methods and computer program products for secure electronic payment transactions based on voice generated currency tokens. The invention comprises implementing at a voice currency platform server, the steps of (i) receiving from a payor terminal device a request for generation of a voice currency token, (ii) performing voice based biometric authentication by matching the voice data received from the payor terminal device against one or more voice based biometric templates associated with the payor voice currency platform account, (iii) performing speech analysis to extract at least the currency amount identified within the voice data received from the payor terminal device and (iv) generating an encrypted voice currency token.

Voice currency token based electronic payment transactions

Data processing systems and methods for authenticating users and for generating user authentication indications is disclosed. In one embodiment, a data processing system for authenticating a user, comprises: a computer processor and a data storage device, the data storage device storing instructions operative by the processor to: receive a user indication identifying a user; receive an authentication indication for the user, the authentication indication comprising a sequence of word-gesture pair indications, each word-gesture pair indication comprising a word indication and a gesture indication; look up a stored authentication indication for the user; compare the received authentication indication with the stored authentication indication; and generate an authentication result indication indicating the result of the comparison.

Systems and methods for user authentication using word-gesture pairs

According to a first aspect, there is provided an offer-and-acceptance matching server comprising: at least one processor; at least one memory including computer program code; and a communication port coupled to the processor the at least one memory and the computer program code configured to, with the at least one processor, cause the offer-and-acceptance matching server at least to: receive, through the communication port, a query to determine deals for fund offer, fund acceptance, or both, available within a provided distance; interrogate a database to determine one or more fund offer deals, one or more fund acceptance deals, or both that match the query, the database containing records of such deals registered with the database; and respond, through the communication port, to the query with the deals that are within the provided distance.

Offer and acceptance matching to obtain physical cash

Systems and methods are provided for use in authenticating a user in connection with a network transaction by the user, based on a biometric combination. One exemplary method includes receiving, by a computing device, an authorization request for a network transaction by a user where the authorization request includes biometric data representing at least a first biometric of the user and a second biometric of the user and transmitting the biometric data to a biometric registry, thereby permitting the biometric registry to verify the biometrics data. The method then also includes converting, by the computing device, the biometric data to a personal identification number (PIN) specific to the biometric data when the biometric data is verified and appending, by the computing device, the PIN to the authorization request.

In one aspect, a method is provided for making a transaction, the method including receiving, at a merchant system: a basket for purchase; and a unique code identifying a user. The method also includes reading, using the merchant system, one or more biomarkers from the user and identifying, from a database, a stored code corresponding to the unique code and one or more stored biomarkers corresponding to the one or more biomarkers. The method further compares: the one or more biomarkers with the one or more stored biomarkers associated with the corresponding stored code; or, the unique code with the stored code associated with the one or more stored biomarkers. If there is a match, a transaction based on the basket for purchase is made using a payment vehicle associated with the corresponding stored code; or, if there is no match, the transaction is declined.

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Pune, India

Rahul Agrawal