Cardless Transaction Profile Management via Payment Service Network
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Solution Overview
Problem
Cardless transaction solutions face challenges in adoption and compatibility due to the lack of integration with existing payment card infrastructure, making it difficult for new users to use and for POS terminals to accept non-payment card transaction instruments.
Innovation Solution
A system that generates user profiles linked to multiple transaction cards and balances, allowing for easy onboarding and use of cardless transactions by integrating cardless transaction infrastructure within the framework of payment card infrastructure, enabling tracking and management of card balances and transactions through a payment service network.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If cardless transaction solutions are implemented, then convenience for customers is improved, but compatibility with existing POS terminals deteriorates
Solution Approach 1:
The patent introduces a payment service network as an intermediary layer between cardless transaction instruments and POS terminals. This network translates cardless transactions into formats compatible with existing card-reading infrastructure, enabling compatibility without requiring changes to the physical POS terminals or abandoning cardless convenience.
Solution Approach 2:
The system creates a universal transaction framework where a single cardless transaction instrument can interact with multiple types of POS terminals through the payment service network. This multi-functionality allows the cardless instrument to work across different terminal types without requiring separate solutions for each terminal category.
2Ease of operation
If cardless transaction infrastructure is integrated within payment card infrastructure, then ease of adoption is improved, but system complexity increases
Solution Approach 1:
The patent merges cardless transaction infrastructure with existing payment card infrastructure by having the payment service network handle both types of transactions through unified user profiles. This consolidation allows ease of adoption by leveraging familiar card-based systems while incorporating cardless functionality, rather than creating entirely separate infrastructure.
Solution Approach 2:
The system automatically associates transaction instruments with user profiles and manages the integration between cardless and card-based transactions without requiring manual configuration. This self-service approach reduces the perceived complexity for users while the system handles the intricate integration details automatically.
Data Source
AI summary
A payment service generates multiple user profiles, each profile associated with a different user. Each user profile is linked to at least one transaction instrument and one or more balances. A first user profile can send a payment instrument to a second user, where a balance of the payment instrument is associated with a profile of the second user and the second user's payment instrument. Rules defining how different balances of a user profile are used to facilitate processing of a transaction made using a transaction instrument are stored to the user profile. In response to receiving a request to use the transaction instrument for a transaction, the transaction rules are applied to selectively use different balances of the user profile based on information about the transaction.