US Patent Issued to MASTERCARD ASIA/PACIFIC on July 21 for "Index structure and card network system for cross border real-time payments" (Indian, Thai Inventors)

ALEXANDRIA, Va., July 21 -- United States Patent no. 12,689,665, issued on July 21, was assigned to MASTERCARD ASIA/PACIFIC PTE. LTD. (Singapore).

"Index structure and card network system for cross border real-time payments" was invented by Richard Lower (Muang, Thailand), Sandeep Gelli (Singapore, India) and Sandeep Sirdesai (Singapore, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "A card network system having an index structure is disclosed for routing cross-border real-time payment communications between domestic RTP systems. The card network system is configured to create a data record in the index structure for a first participating domestic RTP system, where the first participating domestic RTP ...