Accelerated virtual card payments in B2B transactions

US11829993B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Anthony Debellis · Binghamton, US
• Shlomo Akiva Mayer · Clifton, US
• Aazum Shaikh · New York, US
• Travis Brown · Washington, US
• Kelvin Yatsun Leung · Pelham, US
• Robert Pacifico · Ridgefield, US

Key dates

• Filing date: Nov 12, 2021
• Grant date: Nov 28, 2023
• Expiry date: Dec 16, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/016
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

The disclosure herein relates to methods and systems of that facilitate instant payment of invoices based on automatic, intelligent, predictions that a buyer will approve an invoice without express input by the buyer. For example, a system may determine a probability that an invoice will be approved for payment by a buyer with express approval from the buyer. Once an invoice is automatically approved for payment, the system may employ various automated systems to facilitate payment to suppliers without the need for suppliers to extract virtual card data or other payment information from email payment requests or other invoice payment requirements to receive payment. For example, the system may generate calls to automatically generate virtual card numbers on behalf of buyers and submit payment messages for payments to suppliers using the virtual card numbers.