Mastercard International Granted United States Patent for Systems and Methods for Settling Chargeback Requests

Publication Date21 July 2021
According to the abstract released by the U.S. Patent and Trademark Office: "Described herein are chargeback settlement processing systems and methods. A chargeback settlement computing device is configured to store a dispute table including a dispute record associated with a first chargeback request associated with a first chargeback transaction. The dispute record includes an account identifier, a chargeback transaction amount, and a unique chargeback identifier. The computing device is also configured to receive (i) a clearing detail record including a unique chargeback reference number associated with clearing/settlement of the chargeback transaction and...

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