US Patent Issued to Mastercard International on Jan. 27 for "System and method for suspending access to accounts due to incapacity of user" (Indian, American Inventors)

ALEXANDRIA, Va., Jan. 28 -- United States Patent no. 12,536,543, issued on Jan. 27, was assigned to Mastercard International Inc. (Purchase, N.Y.).

"System and method for suspending access to accounts due to incapacity of user" was invented by Kaushal Naveen Shetty (Thane, India), Sachin Kumar Singh (Pune, 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 reducing financial fraud by suspending access to financial accounts due to a user's incapacitation. A fall detection alert is received from a device worn or carried by the user, and first status values are recorded. After a pre-established period of time, second status ...