US Patent Issued to Mastercard International on Feb. 10 for "Methods and systems for blocking multi-rail contactless fraud" (Indian, American Inventors)

ALEXANDRIA, Va., Feb. 11 -- United States Patent no. 12,548,023, issued on Feb. 10, was assigned to Mastercard International Inc. (Purchase, N.Y.).

"Methods and systems for blocking multi-rail contactless fraud" was invented by Sachin Kumar Singh (Pune, India), Kaushal Naveen Shetty (Thane, India) and Venkata Satya Sivajee Pinnamaneni (Dardenne Prairie, Mo.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method for performing a transaction at a software-based POS system of a merchant includes receiving, from the software-based POS system, a payment authorization request message. A processor is programmed to extract a dynamic hashed security token from the payment authorization request message. In...