Mastercard patents a system for instant processing of payments on the blockroom

in blockchain •  7 years ago 

Casting time: 1 minute

The Mastercard payment system (NYSE: MA) filed a patent application of the Mastercard financial corporation with the US Patent and Trademark Office for the creation of a database on the block for the instant processing of payments, according to the website of the agency.

The technology will allow you to quickly process transactions, maintain their permanent records, store information on the amount of transfer, payment guarantee, transaction confirmation and counterparty accounts, including the balance of users.

"A technical solution is needed that will ensure the verification of the payment guarantee by the receiving financial institution or the recipient of the funds. The guarantee should also be used together with several types of payment instruments and various types of transactions, including transfers in the field of electronic commerce, "the document says.

In October, Mastercard announced plans to implement blocking in corporate transactions to increase the speed and transparency of international payments.

A source http://telegra.ph/Mastercard-patentuet-sistemu-mgnovennoj-obrabotki-platezhej-na-blokchejne-11-14

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