What is a ‘subnet’ and how the financial services giant is going to partition a blockchain. On October 9, American financial services giant Mastercard was granted a patent for a method to partition a blockchain so that it can store multiple transaction types and formats. The filing published by the U.S. Patent and Trademark Office […]
Continue Reading
Regal Software has announced a collaboration with Mastercard that enables financial institutions to support virtual corporate payments. In a press release, Regal said its agreement with Mastercard will allow banks to provide an integrated payables platform that supports virtual card payments. Together, the companies are launching RegalOne, an application that provides integrated virtual cards to […]
Continue Reading
Mastercard has been awarded a patent for a proposed blockchain system that would support multiple types of currency. According to Coindesk, the patent describes how a firm may need to store different types of transaction data on the same platform, which is difficult to do on a single blockchain. So Mastercard wants to implement a […]
Continue Reading
Mastercard has been awarded a patent for a method to partition a blockchain, making it capable of storing multiple transaction types and formats. Mastercard has been awarded a patent for a method to partition a blockchain, making it capable of storing multiple transaction types and formats. The patent filing was published by the U.S. Patent […]
Continue Reading
WhatsApp, Facebook’s messaging app that is trying to make inroads in the digital payments market in India, has created a system to store payment data locally in India. Reuters, citing a statement from WhatsApp, reported the company confirmed it built the system in response to India’s payment data guidelines. India has required companies to store […]
Continue Reading
As investments in cryptocurrency have grown in popularity, and value, security breaches have increased in parallel, with millions of dollars in Bitcoin and other digital currencies stolen from digital currency wallets around the world. In a fintech environment, there are numerous standards that are followed to maintain a level of data security to protect people’s assets. […]
Continue Reading
One card to rule them all: the mantra rings throughout the payments realm, and smacks of some sorcery and swashbuckling movies one may remember. Like a scene out of a Tolkien movie, though, the lure of that mantra has left a lot of bodies in its wake, where peril outweighed promise, where startups burned through cash. […]
Continue Reading
Source: PYMNTS Commercial card startup Brex is seeking unicorn status with its next funding round, The Wall Street Journal (WSJ) reported Friday (Sept. 21). Unnamed sources told the publication that DST Global is set to lead the firm’s next funding round, which could push its valuation to $1 billion. Brex, founded by two Brazilian entrepreneurs, emerged […]
Continue Reading
Source: Mark Jones, Blockchain Technology News Mastercard has filed a number of new patents in the US, outlining how distributed ledger technology (DLT) can be used to keep track of consumer payments. As reported by CoinDesk, the patent filings published by the US Patent and Trademark Office, the company describes DLT being used to record […]
Continue Reading
Large institutions and multinational corporations are scrambling to acquire intellectual property, and Mastercard has submitted a new patent application for a new method of verifying coupon authenticity using blockchain technology. The application that was filed on November 29, 2016 is titled, “Method and System for Authentication of Coupons vis Blockchain” and was published on May […]
Continue Reading