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:
Aug. 20, 2024
Filed:
Mar. 19, 2021
Mastercard International Incorporated, Purchase, NY (US);
Sarala Buradagunta, West Orange, NJ (US);
Rakesh Yadav, Cape Elizabeth, ME (US);
Sébastien Le Callonnec, Greystones, IE;
MASTERCARD INTERNATIONAL INCORPORATED, Purchase, NY (US);
Abstract
The disclosed method includes: receiving, by a receiving device of a processing server, a transaction request for a financial transaction, the transaction request including at least information associated with a consumer; forwarding at least the information associated with the consumer, the information associated with the merchant, and the transaction amount or projected transaction amount to an issuer; receiving an authorization from the issuer for the transaction amount or projected transaction amount; forwarding the authorization to the merchant; receiving a triggering event for the financial transaction between the consumer and the merchant; sending a request to the issuer for digital tokens to be held for payment of the transaction between the consumer and the merchant; receiving a plurality of digital tokens from the issuer for the payment of the transaction between the consumer and the merchant; and holding the plurality of digital tokens received from the issuer for the financial transaction.