Detectable Device Transaction Authorization via Sensor Detection

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Solution Overview

Problem

Current transaction systems require direct customer-merchant interaction, leading to inefficiencies such as waiting in lines and the need for dedicated merchant staff and space, resulting in wasted time and resources for both parties.

Innovation Solution

A system and method using a detectable device, such as a tag device, that can be associated with a financial account, allowing for automatic initiation and authorization of transactions through sensor detection and communication with a profile management device, eliminating the need for direct interaction by determining transaction authorization based on customer, merchant, and financial service provider criteria.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Loss of time

If traditional card-based transaction systems are used, then transaction security and account verification are maintained, but customer wait time and operational complexity increase

Engineering Contradiction:

Improvecustomer wait timeVSAvoidtransaction processing complexity

Core Design Contradiction:

Loss of timeVSDevice complexity

Solution Approach 1:

The patent replaces mechanical card-swiping and manual verification processes with an automated optical detection system. Sensors detect the customer's presence and automatically initiate transactions, eliminating the need for physical card insertion and manual employee verification, thereby reducing wait time while maintaining security through automated profile matching

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The system enables self-service transactions by automatically detecting customers via sensors, retrieving their profile information, and processing payments without requiring employee intervention. The system autonomously completes verification and transaction steps that traditionally required human operators, reducing both wait time and operational complexity

Inventive Principle:

Principle #25Self-service

2Productivity

If physical checkout equipment and waiting areas are provided, then transaction processing capability is ensured, but merchant floor space and operational costs increase

Engineering Contradiction:

Improvetransaction processing efficiencyVSAvoidmerchant floor space

Core Design Contradiction:

ProductivityVSArea of stationary object

Solution Approach 1:

The patent extracts the transaction processing function from physical checkout counters and relocates it to an automated system using sensors and profile databases. This removes the need for dedicated checkout equipment and waiting areas, freeing up merchant floor space while maintaining high transaction processing efficiency through automated detection and processing

Inventive Principle:

Principle #2Taking out (Extraction)

Solution Approach 2:

The system introduces an intermediary automated detection system that mediates between customer presence and transaction processing. Sensors detect customers and trigger automated profile retrieval and payment processing, eliminating the need for physical checkout infrastructure while maintaining efficient transaction flow

Inventive Principle:

Principle #24Intermediary (Mediator)

3Reliability

If manual customer verification and payment processing are conducted, then transaction authorization accuracy is maintained, but employee training requirements and operational time increase

Engineering Contradiction:

Improvetransaction authorization accuracyVSAvoidemployee verification time

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The patent replaces manual employee verification with automated optical detection and profile matching systems. Sensors automatically capture customer information and match it with stored profiles, ensuring accurate authorization without requiring employee training or manual verification time, thereby maintaining reliability while eliminating time loss

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Data Source

PatentUS20210365941A1Systems and methods for initiating and authorizing transactions using a detectable device

Publication Date: 2021.11.25 CAPITAL ONE SERVICES LLC

AI summary

A system for initiating and authorizing a transaction including one or more memory devices storing instructions and one or more processors configured to execute the instructions to associate a detectable device with at least one financial account. The one or more processors may be further configured to receive a notification indicating that the detectable device is involved in a potential transaction initiated by a sensor device detecting the detectable device in an initiating action. The one or more processors may be further configured to receive transaction information associated with the potential transaction. The one or more processors may be further configured to identify a customer profile associated with the detectable device, and determine whether the potential transaction is authorized by a customer based on the transaction information and at least one profile customization parameter associated with the customer profile.