US Patent Issued to MasterCard International on May 27 for "System and method of tokenizing deposit account numbers for use at payment card acceptance point" (New York, Missouri, Connecticut Inventors)

ALEXANDRIA, Va., June 17 -- United States Patent no. 12,314,923, issued on May 27, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"System and method of tokenizing deposit account numbers for use at payment card acceptance point" was invented by Sandeep Malhotra (Greenwich, Conn.), Shanthan Subramaniam (Baldwin Place, N.Y.) and Dana J Lorberg (St. Louis).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method of routing a payment transaction includes receiving a transaction request message. The message includes a payment token that was previously issued to an account holder. The payment token is translated into a funding account indicator. The funding account indicator is in a format defined f...