Financial Transaction Card with Drill Gauge Assembly
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Solution Overview
Problem
Financial transaction cards lack a dual functionality to measure drill bit sizes and serve as a payment method, limiting their utility in retail settings where both functions are needed.
Innovation Solution
A financial transaction card assembly comprising a substrate with a drill gauge and a drill bit, where the drill gauge has through holes of unique diameters for measuring drill bits and includes an account identifier for payment purposes, allowing the card to function as both a drill bit gauge and a payment card.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If a financial transaction card is designed to include drill gauge functionality, then the versatility and utility of the card is improved, but the device complexity increases
Solution Approach 1:
The patent combines a financial transaction card with a drill gauge into a single integrated assembly. The card substrate serves as the base for both payment information (magnetic stripe, account numbers) and measurement functionality (through-holes of various diameters, scale markings). This merging allows customers to perform both payment transactions and drill bit measurements using one unified tool, resolving the contradiction by making the card multi-functional without requiring separate devices.
Solution Approach 2:
The financial transaction card is transformed into a universal tool that performs multiple functions: it serves as a payment card for retail transactions and simultaneously as a drill gauge for measuring drill bit sizes. The card includes through-holes of different diameters corresponding to standard drill bit sizes, along with printed scales for measurement. This multi-functionality directly addresses the contradiction by enabling the card to adapt to different uses (payment and measurement) while maintaining a single card structure.
2Measurement precision
If the card includes multiple through holes for measurement, then the measurement precision is improved, but the manufacturing complexity increases
Solution Approach 1:
The drill gauge functionality is segmented into multiple discrete through-holes, each with a specific diameter corresponding to a standard drill bit size. Each hole acts as an independent measurement reference point. This segmentation allows for precise measurement of different drill bit sizes by simply inserting the bit into the appropriate hole. The segmentation approach makes the manufacturing process more manageable, as each hole can be created using standard drilling operations, and the precise diameters can be achieved through conventional precision drilling and gauging techniques.
3Loss of time
If the card serves dual purposes, then the loss of time for customers is reduced, but the device complexity increases
Solution Approach 1:
The patent merges the financial transaction card and drill gauge into a single integrated assembly, allowing customers to perform both payment transactions and drill bit measurements using one unified tool. This eliminates the need to switch between separate devices, thereby reducing the time customers spend during retail transactions where both functions are needed.
Solution Approach 2:
The card is designed as a universal tool that performs multiple functions: it serves as a payment card for retail transactions and simultaneously as a drill gauge for measuring drill bit sizes. This multi-functionality directly addresses the time loss by allowing customers to complete both payment and measurement tasks with a single device, eliminating the need to retrieve or switch between separate tools during the transaction process.
Data Source
AI summary
A financial transaction card assembly is described. Specifically, the financial transaction card assembly comprises a drill gauge, at least one drill bit, and a substrate. The drill gauge and the drill bit may be removably coupled to the substrate. The drill gauge may be used to measure a plurality of drill bit sizes, and to purchase retail goods and services. The drill bit may be coupled to a drill to make holes in metal, wood, and plastic materials.