US Patent Issued to Mastercard International on Aug. 18 for "Systems and methods for a payment device with cardholder selected transaction preferences" (Illinois, Missouri Inventors)

ALEXANDRIA, Va., Aug. 18 -- United States Patent no. 12,711,480, issued on Aug. 18, was assigned to Mastercard International Inc. (Purchase, N.Y.).

"Systems and methods for a payment device with cardholder selected transaction preferences" was invented by David J. Senci (Troy, Ill.), Kyle T. Williams (Wentzville, Mo.) and Johan Gerber (Wildwood, Mo.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method for using user-selected transactions preferences stored on a payment card in a transaction includes transmitting a cold reset signal to the payment card. An answer-to-reset message is received from the payment card. The answer-to-reset message includes governing rules for performing a transaction,...