Cardless Transaction Processing Using Access and Bearer Tokens
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Solution Overview
Problem
Current e-commerce systems face inefficiencies in transaction processing for users without access to, or who have misplaced, their FSA/HSA debit cards, leading to withdrawal issues and increased labor in claims processing.
Innovation Solution
A system and method for cardless transaction processing that allows users to complete purchases without entering payment card information, using access and bearer tokens to facilitate payments through a third-party administrator, handling token expiration, and providing additional payment options if necessary.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If users are required to use FSA debit cards for transactions, then payment processing can be completed, but users who have misplaced or were not issued cards cannot access their funds
Solution Approach 1:
The patent introduces an intermediary system that mediates between the user and the FSA account. Instead of requiring direct card interaction, the system uses access tokens and bearer tokens as intermediaries to authenticate and process transactions. The access token verifies user identity and authorization, while the bearer token represents the actual payment credential, allowing cardless access to FSA funds.
2Productivity
If manual card entry is required for transactions, then payment security can be maintained, but transaction processing time increases and user experience deteriorates
Solution Approach 1:
The system performs preliminary actions by pre-generating and storing access tokens and bearer tokens during the account setup phase. When a transaction is needed, these pre-prepared tokens are immediately used for authentication and payment processing, eliminating the need for manual card entry at the point of transaction. This preliminary preparation of credentials significantly speeds up transaction processing.
3Extent of automation
If FSA debit cards are issued to all users, then direct account access is enabled, but costs increase and administrative complexity increases
Solution Approach 1:
The patent extracts the essential functionality of the debit card (account access and payment authorization) and separates it from the physical card itself. By taking out the core payment capability and representing it through digital tokens, the system eliminates the need for physical card issuance, mailing, and management infrastructure, thereby reducing administrative complexity and costs while maintaining automated payment processing.
4Adaptability or versatility
If token-based authentication is implemented for cardless transactions, then users without cards can make purchases, but system complexity increases
Solution Approach 1:
The authentication system is segmented into two distinct token components: access tokens for verifying user identity and authorization, and bearer tokens for representing payment credentials. This segmentation allows each token type to have a specific, simplified function, making the overall token management system more manageable and understandable despite the added versatility of cardless transactions.
Data Source
AI summary
A method for facilitating cardless transaction processing, including receiving a request for checkout, determining if a balance is sufficient, providing a frictionless payment option to a user, receiving a valid access token, receiving a valid bearer token, sending a payment request to a third party administrator, and processing the payment request.