MUMBAI, India, Nov. 2 -- Intellectual Property India has published a patent application (202647126945 A) filed by Mastercard International Incorporated on October 24, 2026, for Method And System For Non-Fungible Token Validation For Enabling Payment Account Transaction Blocking.
Inventors include Abreu, Eduardo; Senci, David, J.; and Williams, Kyle.
The application for the patent was published on October 30, 2026, under issue no. 44/2026.
Abstract: A method for account and transaction blocking for payment transactions using validation of non-fungible tokens includes: storing a token profile associated with a non- fungible token including a token identifier and transaction criteria; storing an account profile including an account identifier, a payment account number associated with a transaction account, and a wallet identifier associated with a blockchain wallet; receiving an authorization request for a payment transaction including the payment account number and transaction data values; determining that the transaction data values satisfy the transaction criteria; determining if the blockchain wallet has ownership of the non-fungible token; and processing the payment transaction, where processing the payment transaction comprises returning an authorization response indicating decline of the payment transaction if the blockchain wallet does not have ownership of the non-fungible token, or forwarding the authorization request if the blockchain wallet does to have ownership of the non-fungible token.
Disclaimer: Curated by HT Syndication.
