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Tag Archives: MasterCard

Mastercard Wins Patent for Anonymous Blockchain Transactions

Financial services giant Mastercard was awarded several new blockchain patents this week, continuing its trend of embracing distributing ledger research even as it expresses open hostility to bitcoin and other cryptocurrencies. However, one particular patent is raising eyebrows. The patent, awarded by the U.S. Patent and Trademark Office (USPTO) on Thursday, outlines a system that facilitates anonymous transactions over a ...

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Mastercard Files Patent for Blockchain System to Secure Card Payments

Financial services provider Mastercard has filed a patent for a blockchain system to provide faster and more secure payments on their cards, according to US Patent and Trademark Office USPTO patent filing released June 7. The patent application dubbed “Method And System For Payment Card Verification Via Blockchain” describes a public blockchain-assisted conveyance and retrieval of payment processes to verify ...

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Mastercard Wins Patent for Blockchain Travel Itinerary Bidding System

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Financial services giant Mastercard has won a patent for a blockchain system that allows travelers to submit desired itineraries and merchants to submit bids for each service request. The patent, awarded to Mastercard by the US Patent and Trademark Office (USPTO) on June 7, aims to streamline ...

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Our Blockchain ‘Can Run The Whole Company’, Says Mastercard Vice Chair at Money20/20

Mastercard has “built a Blockchain that can run the whole” of its network, its vice chair Ann Cairns claimed during the ongoing Money20/20 conference June 4. Speaking at the Amsterdam event, Ann Cairns said the company had deliberately opted to develop a blockchain integration “at scale” while stating the need to identify “real use cases.” “You just don’t replace existing ...

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Mastercard Wins Patent for Blockchain Coupon Authentication System

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Financial services giant Mastercard has won a patent for a system that uses blockchain technology to authenticate coupons. The patent, granted by the US Patent & Trademark Office (USPTO) on May 31, outlines a way for merchants to cut down on coupon fraud and more effectively issue ...

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Mastercard Recognises the Influence of Cryptocurrencies

Mastercard released their 2018 Q1 financial results on May 2 showing record first-quarter net income of $1.5 billion and revenue of $3.6 billion. They attributed some of this success to the December and January boom in cryptocurrency prices as they expect results to drop following the recent bear market. Mastercard Acknowledge Cryptocurrency Influence Cross-border volumes increased 21% in quarter one compared ...

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Mastercard Says Fewer Crypto Purchases Led To Drop in First Quarter Growth

Mastercard’s quarterly growth was marked by a slight drop due to a decrease in the number of customers purchasing cryptocurrencies with the company’s credit cards, CNBC reported May 3. Consumers can use Mastercard to acquire digital currencies, a practice forbidden by some financial institutions. Earlier this year, Bank of America, JPMorgan Chase, and Citigroup prohibited such purchases, referring to potential ...

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Mastercard International Seeks Patent For Fast Tracking Blockchain Navigation

Join our community of 10 000 traders on Hacked.com for just $39 per month. Mastercard International Inc. has applied for a patent for a system for fast tracking navigation of blockchains by means of data manipulation, according to a filing with the United States Patent and Trademark Office. The system is designed to facilitate quicker navigation and verification of blocks ...

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MasterCard Publishes Patent To Speed Up Blockchain Node Activation

MasterCard has filed a patent for a system to speed up the activation of new nodes in a blockchain, in an application published by the U.S. Patent and Trademark Office (USPTO) April 26. The application, which was first filed on October 24, 2016, outlines that the current difficulty facing new nodes –  a computer connected to the blockchain network that ...

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MasterCard Blockchain | Payment Solutions and Fake IDs

MasterCard blockchain: MasterCard is looking into blockchain technology on several fronts. Most recently, the focus has turned to garnering more efficient payment solutions and dealing with the issue of fake IDs. MasterCard Blockchain: Payment Solutions MasterCard has dabbled in blockchain for a while now. Back in October 2017, MasterCard offered the ability to send money via the blockchain. Stemming from that, ...

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