US Patent Issued to Mastercard International on June 2 for "Methods and systems for preventing a fraudulent payment transaction" (Indian Inventors)

ALEXANDRIA, Va., June 2 -- United States Patent no. 12,646,070, issued on June 2, was assigned to Mastercard International Inc. (Purchase, N.Y.).

"Methods and systems for preventing a fraudulent payment transaction" was invented by Dattesh Naik (Pune, India), Praveen Teragankar (Dharwad, India) and Ravi Pareek (Pune, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Embodiments provide methods and systems for preventing a fraudulent payment transaction. The method performed by issuer system associated with payment account of user includes generating unique data for payment transaction of the user upon approval of payment transaction authorization request signal. The method includes facilitating encryption...