Mastercard International Incorporated

Sai Sudha Venkata Chaganti

John Young

Bradley Kenneth Dickinson

Bryan Niehaus

John E Roth

Anupama Zagabathuni

Rick Unnerstall

James J Arnott

Emily Marie Thompson

Alvaro Lima

A method for initiating a virtual currency exchange includes a merchant computing device a) receiving a message including a user account identifier, payment credential data, and a request for an amount of virtual currency to be delivered; b) transmitting a message delivering the requested amount of virtual currency; and c) receiving a user assignment message that assigns to the merchant an amount of assigned virtual currency from the delivered virtual currency. Steps a, b, and c are performed while the merchant computing device is in a first physical location. The method also includes, subsequent to steps a, b, and c, connecting to a payment network while the merchant computing device is at a second physical location and transmitting, to a virtual currency payment system via the payment network, an assignment completion message including the user account identifier, a merchant account identifier associated with the merchant, and the assigned virtual currency.

Systems and methods for virtual currency exchange

A mobile event payment (MEP) computing system used for exchanging virtual currency between a user and a merchant at a mobile event is provided. The MEP computing system includes a MEP computing device including a processor communicatively coupled to a memory device and in communication with at least a user device. The processor is programmed to store a user profile and a merchant profile for exchanging virtual currency, to receive a virtual currency delivery message, and to transmit a virtual currency delivery message to the user mobile device. The processor is programmed to receive a virtual currency payment message including an account identifier associated with the merchant, to electronically deduct the amount of virtual currency from the updated amount of virtual currency of user account, and to electronically add the paid virtual currency to the virtual currency of the account associated with the merchant profile.

Systems and methods for virtual currency exchange at a mobile event

A geofence computing device, in communication with a user device and a payment processor, includes a memory and a processor in communication with the memory. The geofence computing device processor is configured to receive, from the user device, geofence data including a first user defined geofence zone having a first geographic area within a first geographic boundary, store the geofence data within the memory, receive, from the payment processor, from authorization request message transaction data representing a payment transaction initiated with a merchant by a cardholder associated with the payment processor, determine a geographic location of the merchant and a residence of the cardholder, compare the merchant geographic location and the cardholder residence geographic location to the first user defined geofence zone, and alert the user of the payment transaction based on the comparison. The transaction data includes at least one of a merchant location and a merchant identifier.

Systems and methods for analyzing consumer spending using geofencing

In one aspect, a task management computing device is provided, including a processor in communication a memory and a database. The task management computing device is configured to receive a task request including a task description and a virtual point value, and store a task record in the database based on the task request. The task management computing device is further configured to receive a task update indicating the task has been completed, and update a household member profile stored in the database based on the task update including increasing a virtual point balance. The task management computing device is also configured to update the associated task record based on the task update, and store the updated household member profile and the updated task record in the database.

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Ballwin, MO, United States of America

Sai Sudha Venkata Chaganti