US Patent Issued to Mastercard International on April 29 for "Systems, methods and computer program products for secure contactless payment transactions" (Indian Inventors)

ALEXANDRIA, Va., June 9 -- United States Patent no. 12,288,213, issued on April 29, was assigned to Mastercard International Inc. (Purchase, N.Y.).

"Systems, methods and computer program products for secure contactless payment transactions" was invented by Saurabh Banga (Pune, India) and Lalit Manchanda (Haryana, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "The invention provides methods, systems and computer program products for implementing an electronic payment transaction between mobile communication device and a NFC enabled merchant device, both of which are configured to implement a defined communication protocol. The invention implements the required functionality by (i) receiving a request fo...