US Patent Issued to MASTERCARD ASIA/PACIFIC on April 15 for "Methods and systems for extending installment options" (Singaporean, Australian Inventors)

ALEXANDRIA, Va., June 5 -- United States Patent no. 12,277,541, issued on April 15, was assigned to MASTERCARD ASIA/PACIFIC PTE. LTD. (Singapore).

"Methods and systems for extending installment options" was invented by Abhinava Srivastava (Singapore) and Timothy Fletcher (Killarney Heights, Australia).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods are provided for extending installment options to users. One example computer-implemented method includes, as part of an authentication challenge to a user for a transaction, requesting, by a communication device of the user, installment options from an installment service provider (ISP) based on an identifier specific to a first party involved i...