Audio-Encoded Virtual Card Data Transmission
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Solution Overview
Problem
Existing methods for performing transactions over the phone are vulnerable to fraud and prone to errors due to the need to disclose credit or debit card details, which can be intercepted or misentered.
Innovation Solution
A system and method that uses a payer and payee client device, along with payment processing devices, to encode virtual payment card data using an audio encoding scheme and transmit it via an audio communications channel, allowing secure and error-free transaction processing.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If credit or debit card details are disclosed over the telephone, then transactions can be performed, but security is compromised due to fraud risks and interception
Solution Approach 1:
The patent replaces manual entry of card details with automated voice recognition and encoding systems. The payer's device automatically encodes card information into audio signals that are transmitted and decoded, eliminating the need for manual typing or verbal disclosure of sensitive data, thus enhancing security while maintaining transaction capability
Solution Approach 2:
The patent introduces an audio encoding/decoding intermediary system between the payer and payee. Card details are encoded into audio signals that cannot be easily intercepted or misinterpreted, and the decoding process automatically extracts the original information, creating a secure communication channel that mitigates fraud and interception risks
2Reliability
If a touch tone keypad is used to enter credit card details, then security is improved compared to verbal disclosure, but the process becomes time-consuming and prone to consumer error
Solution Approach 1:
The patent replaces the manual keypad entry process with automated voice-based encoding. The system automatically captures, encodes, and transmits card information through audio channels, eliminating the time-consuming manual typing process while maintaining or enhancing security through automated encoding protocols
Solution Approach 2:
The payer's device automatically performs the encoding and transmission of card information without requiring manual input. The system self-manages the entire process from capturing card details to encoding and transmitting them, reducing both time consumption and potential for human error
3Reliability
If virtual card details are conveyed over the telephone, then fraud incidence is decreased, but additional time is required and errors may still occur
Solution Approach 1:
The patent replaces manual conveyance of virtual card details with automated audio encoding and transmission. The system automatically encodes the virtual card information into audio signals and transmits them through the communication channel, eliminating the need for manual typing or verbal repetition, thus reducing time while maintaining fraud protection
Solution Approach 2:
The patent uses audio encoding as an intermediary mechanism to transmit virtual card details. This encoding process automatically converts the data into a secure audio format that can be transmitted quickly and accurately decoded at the receiving end, reducing transmission time while maintaining the security benefits of virtual cards
Data Source
AI summary
System for performing a transaction between payer and payee, including a payee client device, a payer client device, and one or more payment processing devices, wherein a payer payment application executed by the payer client device: determines virtual payment card data indicative of a virtual payment card indicative of a payer account; determines encoded virtual payment card data by encoding the virtual payment card data at least in part using an audio encoding scheme; transmits an indication of the encoded virtual payment card data to the payee client device via an audio communications channel; a payee payment application executed by the payee client device: causes decoding of the encoded virtual payment card data to determine decoded virtual payment card data; causes the one or more payment processing devices to selectively perform the transaction using the payer account at least partially in accordance with the decoded virtual payment card data.