The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Dec. 25, 2018
Filed:
Jul. 28, 2016
Mastercard International Incorporated, Purchase, NY (US);
Ravi Pareek, Pune, IN;
Mastercard International Incorporated, Purchase, NY (US);
Abstract
A method and system are proposed for financial purchase transactions between a merchant and an employee in possession of a contactless credential device such as a proximity card ordinarily used for access to commercial facilities as in the case of electronically controlled doors and the like. The merchant is provided with a contactless reader device adapted to discern credential device codes. In response to presentation of the credential device at the merchant reader device for the purposes of a financial purchase transaction, the credential device code is discerned using the merchant reader device, the credential device code, together with details of the financial purchase transaction, is electronically communicated to a transaction facilitator, a credit/debit account corresponding to said employee is identified according to a stored database correlation with the credential device code, and the financial purchase transactions details are processed against the identified credit/debit account in order to authorize the financial purchase transaction.