US Patent Issued to MasterCard International on May 13 for "Systems and methods for use in transferring funds between payment accounts" (British, American Inventors)

ALEXANDRIA, Va., June 12 -- United States Patent no. 12,299,649, issued on May 13, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Systems and methods for use in transferring funds between payment accounts" was invented by Sandeep Malhotra (Stamford, Conn.) and Ian David Alan Maddocks (Milton Keynes, Great Britain).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods are provided for facilitating fund transfers between accounts. One example method includes capturing a computer-readable indicia representative of a destination account identifier specific to a destination account of a first party and a name of the first party, and in response to the captured indicia, displaying the...