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:
Sep. 16, 2025
Filed:
Nov. 15, 2022
Mastercard Asia/pacific Pte. Ltd., Singapore, SG;
Weiming Ma, Singapore, SG;
Teck Yong Tan, Singapore, SG;
Donghao Huang, Singapore, SG;
Rasika Chandana Karunapala, Queenstown, SG;
Arie Ganapathi, Singapore, SG;
Dendy Liuswanto Gunawan, Singapore, SG;
Srinath Ravinathan, Singapore, SG;
MASTERCARD ASIA/PACIFIC PTE. LTD., Singapore, SG;
Abstract
A system and method for processing digital payments using a smart chip payment acceptance module associated with an Internet of Things (IoT) or vending device via a virtual EMV terminal process for cloud-based digital payment transactions. A short-range communication channel is provided between a mobile user device and the payment acceptance module. The mobile user device includes a wallet application with an integrated merchant application used to create a payment transaction. An unlock device enables digital secure remote payments (DSRP). A smart chip server connected to a payment gateway can generate an encrypted proof of payment (POP) message indicating completion of the payment transaction. The user can complete the payment transaction using the integrated wallet application within the user device in an online or offline mode of the vend device for seamless interaction with the system by a new user as well as improved flexibility for merchants and consumers.