US Patent Issued to MasterCard International on Dec. 16 for "Method and system for secure authentication of user and mobile device without secure elements" (Belgian, American Inventors)

ALEXANDRIA, Va., Dec. 16 -- United States Patent no. 12,499,445, issued on Dec. 16, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Method and system for secure authentication of user and mobile device without secure elements" was invented by Mehdi Collinge (Mont-Sainte-Aldegonde, Belgium), Patrik Smets (Nijlen, Belgium) and Axel Emile Jean Charles Cateland (Scarsdale, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for generating payment credentials in a payment transaction includes storing, in a memory, at least a card master key associated with a transaction account. The method also includes generating, by a processing device, a first session key based on at least the stored ...