Mastercard Asia/pacific Pte. Ltd.

Sunitha Miryala

Rajat Maheshwari

Benjamin Charles Gilbey

Philip Wei Ping Yen

There is provided a method and system for carrying out two factor authentication, which renders an augmented reality environment or a virtual reality environment at the user device to depict an authentication object, and when a user interaction with the authentication object is detected, an authentication code received from an issuer server is displayed at the user device.

System and method for carrying out two factor authentication using augmented/virtual reality

System for performing a transaction between payer and payee, including a payee client device, a payer client device, and one or more payment processing devices, wherein a payer payment application executed by the payer client device: determines virtual payment card data indicative of a virtual payment card indicative of a payer account; determines encoded virtual payment card data by encoding the virtual payment card data at least in part using an audio encoding scheme; transmits an indication of the encoded virtual payment card data to the payee client device via an audio communications channel; a payee payment application executed by the payee client device: causes decoding of the encoded virtual payment card data to determine decoded virtual payment card data; causes the one or more payment processing devices to selectively perform the transaction using the payer account at least partially in accordance with the decoded virtual payment card data.

Transaction system and method

Disclosed is a writing implement for effecting an electronic transaction via a payment terminal. The writing implement includes a communications device comprising a payment vehicle identifier. The payment vehicle identifier is associated with a payment vehicle from which funds can be drawn for effecting the electronic transaction. The communications device is configured to send the payment vehicle identifier to the payment terminal. The writing implement also includes a writing member for producing an authenticating mark to authenticate use of the payment vehicle.

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Singapore, Singapore

Sunitha Miryala