Centralized Virtual Payment Cards for Faster International Transfers

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Solution Overview

Problem

Banks can be slow in processing credit and debit card payments, especially for international transactions, and fintech companies attempting to decentralize payment processing face significant capital requirements to obtain multiple authorizations from different payment systems across jurisdictions. Additionally, international money transfers are often costly and inconvenient, with recipients facing foreign transaction fees and delays in accessing their funds.

Innovation Solution

A centralized payment processing platform that enables the issuance of virtual payment cards, allowing users to share access to their funds with others without the need for physical cards. The platform facilitates the creation, management, and consolidation of virtual payment cards, providing a decentralized yet controlled payment system.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Speed

If banks process credit and debit card payments through traditional systems, then transactions are processed with proper authorization, but processing speed is slow especially for international payments

Engineering Contradiction:

Improveprocessing speedVSAvoidtransaction time

Core Design Contradiction:

SpeedVSLoss of time

Solution Approach 1:

The patent segments the payment processing system into a centralized payment processing platform that handles authorization separately from traditional bank processing. The system divides payment card functionality into virtual payment cards that can be processed through the centralized platform, bypassing slow traditional international payment routes while maintaining proper authorization through integrated payment system connections.

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The centralized payment processing platform acts as an intermediary between users and traditional banking systems. It provides a middle layer that can process payments quickly through integrated payment systems while still maintaining connections to traditional banks for fund transfers, thus improving speed without completely abandoning established infrastructure.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Productivity

If fintech companies decentralize payment processing, then processing speed improves, but substantial capital is required to obtain multiple authorizations from different payment systems

Engineering Contradiction:

Improveprocessing efficiencyVSAvoidcapital requirements

Core Design Contradiction:

ProductivityVSQuantity of substance

Solution Approach 1:

The centralized payment processing platform provides universal access to multiple payment systems through a single interface. Instead of requiring users to obtain separate authorizations from MasterCard, Visa, UnionPay, and other payment systems, the platform handles all these connections through one centralized system, eliminating the need for substantial capital to secure multiple individual authorizations while maintaining high processing efficiency.

Inventive Principle:

Principle #6Universality (Multi-functionality)

3Ease of operation

If traditional bank transfer systems are used for international money transfers, then funds can be transferred between bank accounts, but recipients face considerable transaction fees and delays

Engineering Contradiction:

Improveconvenience of transferVSAvoidtransaction fees

Core Design Contradiction:

Ease of operationVSLoss of energy

Solution Approach 1:

The patent creates virtual copies of payment cards that can be issued to multiple users. Instead of requiring traditional international bank transfers with their associated fees and delays, the system generates virtual payment card copies that can be shared instantly among users, including international recipients, eliminating foreign transaction fees and providing immediate access to funds without the need for IBAN transfers or account opening.

Inventive Principle:

Principle #26Copying

4Reliability

If physical payment cards are used, then transactions can be processed through traditional systems, but the need for physical cards reduces convenience and increases complexity

Engineering Contradiction:

Improvetransaction reliabilityVSAvoidsystem complexity

Core Design Contradiction:

ReliabilityVSDevice complexity

Solution Approach 1:

The patent replaces the mechanical system of physical payment cards with a digital/virtual payment card system. Virtual payment cards are issued through the centralized platform and can be accessed digitally, eliminating the need for physical card production, distribution, and handling. This substitution maintains transaction reliability through secure digital authentication while dramatically reducing system complexity by removing physical infrastructure requirements.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Data Source

PatentUS20250292230A1Payment cards processing using centralized payment processing platform

Publication Date: 2025.09.18 S1LK PAY LTD

AI summary

Provided is a method for processing virtual payment cards. The method includes receiving, from an application running on a user device in communication with the centralized processing platform, a request from a primary cardholder to close a virtual payment card issued to a proposed recipient. The virtual payment card is associated with an account associated with the primary cardholder. The method further includes transferring, in response to the request, funds associated with the virtual payment card to a further virtual payment card associated with the primary cardholder and closing the virtual payment card issued to the proposed recipient.