Mastercard International Incorporated

Vipul Mehrotra

Jaipal Singh Kumawat

Gurpreet Atwal

Ved Pratap Singh Chauhan

Hemant Arora

Komalpreet Kaur

A verification computing system for verifying operation of a payment terminal and a payment processing network linking the payment terminal to a payment processor is provided. The verification computing system includes at least one verification computing module including at least one processor. The verification computing module is programmed to receive a test request message corresponding to a test payment card transaction from the payment terminal, identify a void flag included in the test request message, and bypass a settlement process for the test payment card transaction based on the identified void flag. The verification computing module is further configured to determine an operating status of the payment terminal and the payment processing network, generate a test response message based upon the determination, and transmit the test response message to the payment terminal for notifying a user.

Methods and systems for verification of operations of computer terminals and processing networks

A method for authenticating a user includes receiving an authorization request for a transaction from an account. A plurality of authentication questions each having a corresponding correct answer are associated with the account. A first set of authentication questions of the plurality of authentication questions is transmitted to a communication device by way of an interactive voice response (IVR) call. A first set of user-generated answers corresponding to the first set of authentication questions is received from the communication device. The method further includes determining whether the user is an account holder of the account based on at least the first set of user-generated answers. The transaction is processed based on the determination that the user is the account holder of the account, thereby authenticating the user.

Method and system for user authentication to facilitate secure transactions

A method for processing an electronic payment transaction includes: storing an account profile including a plurality of account numbers; receiving a first authorization request for a payment transaction that includes a first account number of the plurality of account numbers, a first time, and a first location; processing the first payment transaction; receiving a second authorization request for a different transaction including a second primary account number of the plurality of account numbers, a second time, and a second location, where the second account number is associated with a different issuer than the first account number; determining a likelihood of fraud based on the first time and location and the second time and location; and forwarding the second authorization request to the different issuer if the likelihood of fraud is below a threshold, or transmitting an authorization response indicating decline if the likelihood of fraud is above the threshold.

Method and system for transaction authorization via controlled blockchain

A method for opening a secured lockbox through a digital signature includes: storing, in a memory of a computing device in a lockbox, a public key of a cryptographic key pair; receiving, by an input device of the computing device, a digital signature from an external communication device; validating, by a processing device of the computing device, the digital signature using the public key of the cryptographic key pair; and transmitting, by a transmitter of the computing device, a signal to an electronic locking mechanism of the lockbox interfaced with the computing device; and opening, by the electronic locking mechanism of the lockbox, an electronic lock granting access to contents of the lockbox upon receipt of the signal.

Method and system for secure product delivery using cryptography

When a consumer makes a purchase at a retail location, a communication device associated with the consumer receives information specifying the type of product purchased. This may be done by the consumer entering the information manually, by the communication device receiving a data file over an interface, or by a camera of the communication device capturing a picture of a receipt. The information may be, or may be converted into, stock-keeping unit (SKU) data. The data can be analyzed to derive consumer spending patterns and to suggest product offers to the consumer.

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Uttar Pradesh, India

Vipul Mehrotra