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

Published date21 July 2021
Publication titleGlobal IP News (India)
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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