US Patent Issued to MasterCard International on Aug. 11 for "Method and system of identifying and reducing scalping using distributed ledgers" (Nebraska, Missouri, Texas Inventors)

ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,705,624, issued on Aug. 11, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Method and system of identifying and reducing scalping using distributed ledgers" was invented by Sharoze Amir (Ballwin, Mo.), Juan Alejandro Gallegos (Omaha, Neb.) and Phillip Viana (Austin, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for preventing an unauthorized transaction indicative of scalping includes: receiving transaction data for a first payment transaction including one or more product identifiers associated with one or more products purchased in the first payment transaction and consumer identification data; updating a consumer pro...