Aggregated Barcode Invoice Encoding for Customer Financial Control
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Solution Overview
Problem
Current merchant product ordering and payment systems lack customer control over personal financial information and are inefficient, failing to leverage advanced mobile and desktop technologies to streamline the purchasing process.
Innovation Solution
A system and method that uses optical machine readable images, such as barcodes, to integrate product and merchant data for generating order invoices, allowing customers to process transactions through encoded symbology information, providing control and efficiency in the purchasing experience.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If traditional barcodes are used for product information, then product identification is simple, but customer control over financial information is lost and transaction efficiency is reduced
Solution Approach 1:
The patent introduces an intermediary mobile device that captures the barcode image and processes the transaction locally. This mediator enables customer control over their financial information by displaying the barcode and allowing the customer to initiate transactions through their mobile device, while the merchant terminal remains simpler and less complex.
Solution Approach 2:
The system creates an optical copy of the barcode image that can be captured and processed by mobile devices. This copying enables the barcode to serve multiple functions - product identification, financial information encoding, and customer-controlled transaction initiation - without requiring complex changes to the original barcode system.
2Productivity
If barcodes provide static product information, then implementation is simple, but transaction processing efficiency is limited
Solution Approach 1:
The barcode system is enhanced to serve multiple functions: it encodes not only product information but also financial account information, invoice details, and transaction data. This multi-functionality increases transaction processing efficiency by eliminating the need for separate information entry steps, while the added complexity is managed through standardized optical processing protocols.
Solution Approach 2:
The system performs preliminary encoding of financial and transaction information into the barcode image before the actual transaction occurs. This preliminary action stores all necessary data in a compact, machine-readable format that can be quickly processed during the transaction, significantly improving productivity while keeping the processing system relatively simple.
3Loss of time
If customer financial information is manually provided, then security control is maintained, but time consumption increases
Solution Approach 1:
The system enables self-service by having the barcode itself carry and provide the financial information. The customer's mobile device automatically captures and processes the encoded information without requiring manual entry or disclosure of financial data. This maintains security through automated processing while eliminating time consumption associated with manual information provision.
Solution Approach 2:
The patent replaces manual mechanical processes of financial information entry with automated optical recognition and digital processing. The mobile device camera captures the barcode, and electronic systems automatically extract and process the encoded financial information, eliminating manual typing and reducing time while maintaining or enhancing security through digital encryption and automated verification.
Data Source
AI summary
A system and method for assisting ordering and payment processing of an order invoice associated with a product selected by a customer. The system comprises collecting product data about the product and generates the order invoice information for use by at least an accounting system of the merchant. The system receives symbology information in an aggregated barcode associated with the order invoice, the symbology information including at least a portion of the order invoice information encoded using a coding scheme of a barcode. The system provides an image of the aggregated barcode to the customer for use in generating a transaction request for settlement of the order invoice, and receives a transaction response indicating transaction approval or transaction denial of the order invoice.