ATM Passcode Payments for Offline Person-to-Person Transactions
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Solution Overview
Problem
Individuals without access to the Internet or averse to online transactions face challenges in making payments to others, necessitating a secure and convenient alternative.
Innovation Solution
Transaction machines, such as ATMs, are configured to facilitate person-to-person payments by allowing users to input a passcode unique to the transaction, followed by an amount, and then accept various payment modes including cash, credit cards, or cryptocurrency.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If online transaction systems are used for payments, then convenience and accessibility are improved, but dependency on Internet access and online infrastructure increases
Solution Approach 1:
The patent introduces an offline transaction machine as an intermediary device that enables payments without requiring Internet connectivity. The machine acts as a mediator between the payer and payee, using offline verification methods (passcodes, QR codes) to facilitate transactions independently of online infrastructure, thus resolving the contradiction between convenience and online dependency
Solution Approach 2:
The patent extracts the essential payment verification functions from the online banking system and implements them locally in the transaction machine. By taking out the core authentication and transaction processing capabilities and placing them in an offline device, the system maintains payment convenience while eliminating dependency on continuous Internet access
2Reliability
If traditional ATM interfaces are used, then security is maintained through established protocols, but user interface complexity and operational difficulty increase
Solution Approach 1:
The patent creates simplified copies of essential banking functions through the transaction machine interface. Instead of requiring users to navigate complex online banking systems or understand sophisticated security protocols, the machine provides simplified input methods (passcode entry, QR code scanning) that replicate the core payment function while maintaining security through proven offline verification mechanisms
Solution Approach 2:
The transaction machine enables self-service payments through intuitive interfaces that guide users through simple steps. The system automatically handles security verification, transaction processing, and confirmation without requiring users to understand or manage complex security protocols, thus maintaining reliability while improving ease of operation
3Adaptability or versatility
If multiple payment modes are supported, then versatility and user choice are improved, but device complexity and processing requirements increase
Solution Approach 1:
The transaction machine is designed with multi-functionality to support various payment modes (cash, check, digital wallet, third-party services) through a unified interface. The single device can handle different payment types by processing them through common verification and transaction pathways, achieving versatility without proportionally increasing device complexity
Solution Approach 2:
The patent segments the payment processing into distinct modules within the transaction machine, with each module handling a specific payment type. This segmentation allows the system to support multiple payment modes independently, enabling versatility while keeping each individual processing pathway relatively simple and manageable
Data Source
AI summary
A computer system and a transaction machine, such as an automated teller machine (ATM), can provide for any payor to make a payment to a payee at the transaction machine. The transaction machine provides the payor a user interface to enter a passcode that uniquely identifies the payment transaction. The passcode can be generated by a provider computing system associated with the transaction machine and provided directly to the payee or through the payor prior to the transaction. The transaction machine provides the payor a user interface to enter an amount. The transaction machine receives a cash deposit and provides a deposit user interface that displays deposit information based on at least one bill of the cash deposit.