Mastercard Asia/pacific Pte. Ltd.

Xijing Wang

Donghao Huang

Bensam Joyson

Jiaming Li

Hao Tang

Perry Kick

Senxian Zhuo

Martin Collings

Jie Zhang

Shiying Lian

Hui Fang

Dipali Pathrabe

Naman Aggarwal

Lalit Manchanda

Preshant Sridhar

Anupam Sharma

Prashant Sridhar

Yong-How Chin

The present disclosure generally relates to electronic systems and computerized methods for verification of transacting parties to process transactions. A payment network server receives details of a transaction fulfilled by an agent and generates a transaction identification plaintext. A first party keyset for the first transacting party and an agent keyset for the agent is identified. The server generates cryptograms and ciphertexts encrypted by the first party keyset and agent keyset and sends the cryptograms to the first transacting party and agent. An encrypted cryptogram contains an encrypted ciphertext which contains a plaintext representing the transaction identification plaintext. The ciphertexts are exchanged between the first transacting party and agent by a computer handshake for decryption. The plaintexts are extracted from the ciphertexts and compared against the transaction identification plaintext for verifying the first transacting party and agent.

Electronic system and computerized method for verification of transacting parties to process transactions

An inventory management server is provided. The inventory management server includes at least one processor, and at least one memory. The at least one memory includes computer program code configured to cause the inventory management server at least to receive tracking data assigned to a product from a payment network, interrogate a mapping table containing assigned product to tracking data information, for the presence of the received tracking data, update an inventory database of the product stocked at the merchant inventory in response to detection of the presence of the received tracking data, and transmit acknowledgement data indicative of the inventory database update. The tracking data is transmitted by a merchant via a payment terminal in communication with the payment network.

Inventory management server

There is provided a method and system for making payment for a service at a service station which allow users to make payment even when their mobile devices lose data connectivity and when there is a high turnover of users at the service station. In addition, the method and system can lead to enhanced revenues at the service stations as well as improved user experiences when making payments at service stations.

Method and system for making payment for a service at a service station

There is provided a data processor implemented method for dynamic authentication of an object. There is also provided non-transitory computer readable storage mediums and systems for carrying out dynamic authentication of an object.

Method for dynamic authentication of an object

Growing community of inventors

Singapore, Singapore

Xijing Wang