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AssigneeMastercard International Incorporated
InventorsAjit Madhukar KARNIK, Supriya KUMTHEKAR, Rupali Devashish PANDYA
Estimating the term…
A method is proposed for a payer, to make a payment to a payee, such as a merchant. The payer's communication device automatically acquires payment facilitation data comprising payee account identification data identifying a payment account associated with the payee and maintained by an acquirer. The payment facilitation data preferably also includes transaction data describing the payment, such as the amount of the payment. From the payment facilitation data, the communication device generates a payment request which is transmitted to an issuer at which the payer maintains a payment account. The issuer communicates with the acquirer, typically via a payment network, to arrange for a payment to be made, and the payment is credited to the payment account associated with the payee, and debited from the payment account associated with the payer. Thus, a payment is effected without the payee ever receiving confidential information about the payer's payment account.
A computerized system for enabling a payer associated with a first payment account maintained by an issuer, to make a payment to a payee associated with a second payment account maintained by an acquirer, the issuer being different from the acquirer, the system comprising:
Dependencies are inferred from the claim text.