MUMBAI, India, July 24 -- Intellectual Property India has published a patent application (202418065416 A) filed by Mastercard International Incorporated on August 29, 2024, for Refunding Real-Time Payment Transaction.
Inventors include Malhotra, Sandeep; Singh, Irina Number; and Rausaria, Suman.
The application for the patent was published on July 17, 2026, under issue no. 29/2026.
Abstract: A request for a refund is received relative to a payment transaction implemented in a real-time payment system. The request is transmitted to an issuer financial institution that maintains an account for the payer in the payment transaction. A response is received from the issuer financial institution. The response is transmitted to an acquirer finan...