Intellectual Property India Publishes Patent Application for 'Methods, Systems And Computer Program Products For Chip Card Based Payment Transaction' Filed by Mastercard International Incorporated

MUMBAI, India, Aug. 1 -- Intellectual Property India has published a patent application (202441006224 A) filed by Mastercard International Incorporated, Purchase, U.S.A., on Jan. 30, 2024, for 'methods, systems and computer program products for chip card based payment transaction.'

Inventor(s) include Keluskar, Shubhankar Vikas; Gupta, Naveen Kumar; and Sinha, Ajay.

The application for the patent was published on Aug. 1, under issue no. 31/2025.

According to the abstract released by the Intellectual Property India: "A method for implementing a card-not-present payment transaction at a point-ofsale (POS) terminal based on a payment card that includes a processor chip and that is 5 enabled for contactless communication, the method comprising implementing at a cloud POS platform that comprises at least one processor, the steps of."

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