Client-Side Recurring Payment Management System
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Solution Overview
Problem
Existing recurring payment systems lack client-side management and control capabilities, making it difficult for account holders to modify or terminate recurring payment billing arrangements.
Innovation Solution
A computer-implemented method and system that allows account holders to manage recurring payments through a consumer computing device, enabling them to select merchants, set billing parameters, and control future payments, with the ability to update or cancel recurring transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If recurring payment billing arrangements are established for convenience, then payment automation and convenience are improved, but account holder control and ability to modify/terminate payments deteriorate
Solution Approach 1:
The system enables account holders to independently manage their recurring payments through a self-service interface. Users can initiate, modify, pause, and terminate recurring payments directly through the payment application without requiring merchant involvement or consent, thus maintaining both automation convenience and user control
Solution Approach 2:
The recurring payment system transitions from a static, merchant-controlled model to a dynamic, user-controllable model. The system allows real-time modifications to payment parameters including amount, frequency, and termination, enabling the billing arrangement to adapt flexibly to user needs while maintaining automated processing
2Productivity
If merchant-managed recurring billing is implemented, then billing automation is improved, but client-side management capability deteriorates
Solution Approach 1:
The system segments the recurring payment management functionality into distinct client-side and merchant-side components. The client-side application provides comprehensive management capabilities including viewing, modifying, and terminating payments, while the merchant system focuses on processing transactions, thereby improving both automation efficiency and client control
Solution Approach 2:
The payment processing system acts as an intermediary between the account holder and the merchant. It receives payment instructions from the client, processes them through the payment network, and settles with the merchant, thereby enabling client-side management without requiring direct merchant involvement or consent
Data Source
AI summary
Systems and methods disclosed herein for the client-side management of recurring payment transactions. An account holder can interact with a consumer computing device, such as a smart phone or tablet computer, to provide billing parameters for recurring payments to merchant. The billing parameters can be updated over time by the account holder.