Intellectual Property India Publishes Patent Application for 'System And Method For Mitigating Information Asymmetry In Electronic Payment Transactions' Filed by Mastercard International Incorporated

MUMBAI, India, May 2 -- Intellectual Property India has published a patent application (202341072590 A) filed by Mastercard International Incorporated, Purchase, U.S.A., on Oct. 25, 2023, for 'system and method for mitigating information asymmetry in electronic payment transactions.'

Inventor(s) include Arnab Moitra; Surya Dhaneshwar Lingam; Shilpi Tiwary; Sohini Basu; and Jenna Bechard.

The application for the patent was published on May 2, under issue no. 18/2025.

According to the abstract released by the Intellectual Property India: "A method for facilitating electronic payment transactions is provided. A processor (122) of a user payment service provider (PSP) server (106) generates a validation request to validate a virtual payment ...