US Patent Issued to MasterCard International on June 2 for "Split secret cryptography based security in IoT implemented payment transactions or credentials" (Indian Inventors)

ALEXANDRIA, Va., June 2 -- United States Patent no. 12,646,063, issued on June 2, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Split secret cryptography based security in IoT implemented payment transactions or credentials" was invented by Ajay Sinha (Maharashtra, India), Lalit Manchanda (Haryana, India), Naveen Kumar Gupta (Maharashtra, India) and Bhargav Jagdishchandra Modi (Gujarat, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "The invention provides methods, systems and computer program products for securely provisioning an internet-of-things (IoT) device for implementing an electronic payment transaction. The invention comprises (i) retrieving a first credential element from t...