US Patent Issued to MasterCard International on Aug. 19 for "Method and system for payment processing using distributed digitized surrogates" (Indian Inventors)

ALEXANDRIA, Va., Aug. 20 -- United States Patent no. 12,393,945, issued on Aug. 19, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Method and system for payment processing using distributed digitized surrogates" was invented by Vimal Ganeshbhai Amrutiya (Jamnagar, India) and Nirmish Dholakia (Rajkot, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for pre-authorization of a payment transaction with tokenized credentials includes: receiving a first data set signed with a first digital signature and including an acquirer identification value and a second data set; verifying the first digital signature using a first public key of a first cryptographic key pair associated with the...