US Patent Issued to MasterCard International on March 24 for "Store proximity-based system for contactless transactions" (Indian Inventors)

ALEXANDRIA, Va., March 24 -- United States Patent no. 12,586,057, issued on March 24, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Store proximity-based system for contactless transactions" was invented by Ravi Kanwar (Bahadurgarh, India), Avinash Upadhyay (Noida, India) and Jaipal Singh Kumawat (Sikar, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Examples provide improved methods for authorizing contactless payment card transactions based on merchant proximity. Examples include identifying two historical card-present transactions that occur within a time interval using the same payment card and creating a merchant proximity pair that includes the two identified merchant locations...