Mastercard Incorporated
METHOD AND SYSTEM FOR PAYMENT INTEGRATION WITH PROVENANCE SUPPLY CHAIN EVENTS

Abstract:

A method for triggering payment transactions through predetermined events identified using a blockchain includes: receiving, at a first system, trigger data including a first account identifier, second account identifier, and trigger event values; receiving, at the first system, blockchain data values, each including a hash value; identifying, by the first system, a match between a specific blockchain data value and a specific trigger event value based on the hash value; transmitting, by the first system, a notification message to a second system including the first account identifier and second account identifier; identifying, by the second system, a first payment identifier using the first account identifier and a second payment identifier using the second account identifier; and initiating, by the second system, a payment transaction for payment from a transaction account associated with the first payment identifier to a transaction account associated with the second payment identifier.