Card Fee Configuration System Grouping
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Solution Overview
Problem
Current processing systems lack flexibility in fee options during card issuance, particularly in applying fee waivers or selections to multiple fee types, limiting issuers' ability to configure fee structures for groups of fee types.
Innovation Solution
A processing system that allows issuers to select and configure fee options for groups of fee types, using a graphical user interface to define trigger events, frequency, transaction ranges, and reset periods, enabling flexible fee structures applicable to multiple fee types, with a universal fee access counter to track transactions and apply fees accordingly.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If fee options are configured for individual fee types only, then fee management is simple, but flexibility and adaptability are reduced
Solution Approach 1:
The patent implements a group identifier that can associate multiple fee types with a single fee option configuration. This allows one set of parameters (trigger event, frequency, transaction range, reset period) to universally apply across multiple fee types, enabling issuers to manage similar fee structures collectively rather than individually, thus improving adaptability without proportionally increasing complexity
Solution Approach 2:
The patent segments fee types into groups based on common characteristics or categories. By creating hierarchical levels (individual fee types → fee type groups → fee options), the system allows selective configuration where common parameters are set at the group level while specific overrides can be applied at the individual fee type level, balancing flexibility and manageability
2Productivity
If fee options are configured for each unique fee type individually, then precision in fee control is maintained, but the time and operations required increase
Solution Approach 1:
The patent enables issuers to pre-configure fee options at the group level before specific fee types are activated or before transactions occur. By establishing default parameters (trigger events, frequency, transaction ranges, reset periods) in advance for groups of fee types, the system eliminates the need to configure each fee type individually when needed, significantly reducing setup time and improving configuration efficiency
3Adaptability or versatility
If multiple fee types are grouped together, then flexibility in fee management is improved, but tracking and monitoring complexity increases
Solution Approach 1:
The patent introduces a group identifier as an intermediary layer between individual fee types and fee options. This intermediary structure allows the system to track transactions by first identifying which group a fee type belongs to, then applying the appropriate fee option from that group. This hierarchical tracking approach simplifies monitoring by aggregating transaction data at the group level while still maintaining the ability to trace individual fee type transactions when necessary
Data Source
AI summary
A processing system is operable for issuance and processing of cards with fee options applicable to a group of fee types. In one embodiment, the processing system includes a processing module, a secure card network, an issuer fee database and card account database. The card issuance database is operable to store a fee record associated with a card, wherein the fee record includes the fee options configured to apply to the group of fee types. The card account database is operable to store a card account record for the card, wherein the card account record includes a universal fee access counter for tracking parameters associated with the fee options configured to apply to the group of fee types.