Server and method for hosting a ledger
AssigneeMastercard International Incorporated
InventorsDevesh Patel, Rinkal Shah, Mayur Raiyani, Vimal Amrutiya, Semal Gajera
Life of this patent
Estimating the term…
Abstract
A server and method for hosting a ledger are provided. The server includes at least one processor; at least one memory including computer program code; the at least one memory and the computer program code configured to, with the at least one processor, cause the ledger at least to: receive, from a buyer bank, authorisation of payment from the buyer bank to a seller bank; transmit a command that triggers a payment sequence to effect payment from the buyer bank to the seller bank, in response to receipt of the authorisation of the payment; and update the ledger on progress of the payment sequence between the buyer bank and the seller bank.
Claims16
A server for hosting a ledger, the server comprising:
- at least one processor;
- at least one memory including computer program code;
- the at least one memory and the computer program code configured to, with the at least one processor, cause the ledger at least to:
- receive, from a buyer bank, authorisation of payment from the buyer bank to a seller bank;
- transmit a command that triggers a payment sequence to effect payment from the buyer bank to the seller bank, in response to receipt of the authorisation of the payment;
- and
- update the ledger on progress of the payment sequence between the buyer bank and the seller bank.
A computer-implemented method for hosting a ledger, the method comprising:
- receiving, from a buyer bank, authorisation of payment from the buyer bank to a seller bank;
- transmitting a command that triggers a payment sequence to effect payment from the buyer bank to the seller bank, in response to receipt of the authorisation of the payment;
- and
- updating the ledger on progress of the payment sequence between the buyer bank and the seller bank.
Dependencies are inferred from the claim text.