US Patent Issued to MasterCard International on Aug. 18 for "Systems and methods for processing mobile payments by provisoning credentials to mobile devices without secure elements" (British, Belgian Inventors)

ALEXANDRIA, Va., Aug. 18 -- United States Patent no. 12,711,494, issued on Aug. 18, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Systems and methods for processing mobile payments by provisoning credentials to mobile devices without secure elements" was invented by Mehdi Collinge (Mont-Sainte-Aldegonde, Belgium), Susan Thompson (Nantwich, Great Britain), Patrik Smets (Nijlen, Belgium), David Anthony Roberts (Warrington, Great Britain) and Michael Christopher Ward (Somerset, Great Britain).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for generating and provisioning payment credentials to a mobile device lacking a secure element includes: generating a card profile associated with ...