MUMBAI, India, May 30 -- Intellectual Property India has published a patent application (202518044400 A) filed by Fidelity Information Services, Llc, Jacksonville, U.S.A., on May 7, for 'systems and methods for processing cardless transactions.'
Inventor(s) include Bajaj, Hitesh; Brown, Douglas G.; Woodbury, Robert; Marcous, Neil; Gordon, Peter; Goodheart, Renee; and Elliott, Mark.
The application for the patent was published on May 30, under issue no. 22/2025.
According to the abstract released by the Intellectual Property India: "Systems and methods are provided for processing cardless financial transactions at transaction devices such as Automated Teller Machines. An example method comprises receiving (331) a transaction request including at least one transaction parameter and receiving (331) a substitute value representing an account for processing the transaction request. The substitute value is distinct from an account number associated with the account. The method further comprises sending (333) the at least one transaction parameter and the substitute value to a payment network (113) associated with the substitute value and completing the transaction request. A second method comprises receiving a transaction request with at least one transaction parameter and a substitute value. The second method further comprises determining account credentials associated with the substitute value using the account credentials."
The patent application was internationally filed on Jan. 07, 2015, under International application No.PCT/US2015/010454.
Disclaimer: Curated by HT Syndication.
