Mastercard has obtained two cryptocurrency patents, which enable money laundering risk assessment prior to transaction processing.
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According to South Korean media outlet Digital Asset, filings with the U.S. Patent and Trademark Office (USPTO) show Mastercard secured two U.S. patents on local time November 3, covering "digital asset transaction pre-processing" and "private transaction processing method and system" respectively. The first patent analyzes the on-chain historical behavior of payers and payees before actual transfers, and calculates changes to the sender’s own risk score post-hypothetical transaction, letting users decide whether to proceed. The second handles transactions within a private group of approved participants, with a central approval system verifying balances and authorizations, preventing double-spending and unauthorized transfers without public disclosure of transaction details. The report cites Mastercard’s view that on-chain counterparty identities and reputations are difficult to verify, and accidental dealings with wallets linked to money laundering or terrorist financing could trigger regulatory scrutiny, asset freezes and other risks. The two technologies share a focus on pre-transaction risk control and constraints on information disclosure and approval authority. Mastercard launched its Stablecoin Security service for stablecoin payments on October 19; it remains unclear if these patents will be directly integrated into the product.
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