MUMBAI, India, May 30 -- Intellectual Property India has published a patent application (202341080822 A) filed by Mastercard International Incorporated, Purchase, U.S.A., on Nov. 29, 2023, for 'method and system for facilitating payment transactions.'
Inventor(s) include Sumeet Kohli; and Amit Tribhuvan Chauhan.
The application for the patent was published on May 30, under issue no. 22/2025.
According to the abstract released by the Intellectual Property India: "A method for facilitating payment transactions is provided. A payment facilitation server renders an option to a user for selection of an aggregator website among multiple aggregator websites to perform a payment transaction. The payment facilitation server extracts one or more values that are entered by the user on the selected aggregator website. Further, a payment option is detected on the selected aggregator website. A virtual card number is generated based on a primary account number associated with the user and one or more extracted values, upon the detection of the payment option. A payment field on the selected aggregator website is populated based on the generated VCN. The population of the payment field results in crediting of an amount associated with the payment transaction to a recipient account."
Disclaimer: Curated by HT Syndication.
