US Patent Issued to Mastercard International on Aug. 11 for "Methods and systems for enhanced KYC fraud reduction" (American, Indian Inventors)

ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,705,324, issued on Aug. 11, was assigned to Mastercard International Inc. (Purchase, N.Y.).

"Methods and systems for enhanced KYC fraud reduction" was invented by Kaushal Shetty (O'Fallon, Mo.), Devanshu Bhardwaj (Hisar, India) and Priya Kadam (O'Fallon, Mo.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method for user validation via an identity provider computing device, including a processor and memory device, communicably coupled with a user computing device associated with a user. The identity provider computing device receives a signal associated with a private Fast Identity Online (FIDO) key from the user computing device, verifies t...