Mastercard International Incorporated patent applications published on November 30th, 2023

Summary of the patent applications from Mastercard International Incorporated on November 30th, 2023

Mastercard International Incorporated has filed several patents recently, covering a range of innovative technologies and systems. These patents aim to improve various aspects of payment processing, fraud detection, consumer identity validation, entity resolution, and blockchain-based asset transfers.

In summary, the patents filed by Mastercard International Incorporated include:

- A computer system that recommends merchants to cardholders based on transaction information and cardholder preferences. - A system for identifying fraudulent healthcare providers using raw claims data and multiple models to calculate risk scores. - An inverse recommender system for detecting unusual payment transactions by analyzing historical payment transaction data. - Techniques for reducing false positives in financial transaction fraud monitoring using machine learning models. - A system for improving consumer identity validation in payment infrastructure by using the last used payment card or account. - Techniques for training entity resolution models using input from users and proof of concept models. - A system for facilitating the transfer of digital assets between different blockchains using a swap check oracle and a central processing server. - Methods and systems for handling transactions in a payment card account system, ensuring accurate and timely payments to merchants. - Techniques for routing payment transactions by translating payment tokens into funding account indicators and bank account numbers. - Techniques for training entity resolution models using raw training data, label dictionaries, and transformer models.

Notable applications include:

- Recommending merchants to cardholders based on transaction data and preferences. - Identifying fraudulent healthcare providers using raw claims data and multiple models. - Detecting unusual payment transactions using historical payment transaction data. - Reducing false positives in financial transaction fraud monitoring using machine learning models. - Improving consumer identity validation in payment infrastructure by using the last used payment card or account. - Facilitating the transfer of digital assets between different blockchains. - Handling transactions in a payment card account system to ensure accurate and timely payments to merchants. - Routing payment transactions by translating payment tokens into funding account indicators and bank account numbers. - Training entity resolution models using raw training data, label dictionaries, and transformer models.