Dual PIN Payment Instrument for Discreet Donor Fund Access
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Solution Overview
Problem
Existing payment systems do not effectively allow friends to provide financial assistance to each other while maintaining the dignity of the recipient, as existing methods may publicly disclose the need for help, and existing payment instruments lack mechanisms to seamlessly integrate personal and donor funds for discreet assistance.
Innovation Solution
A dual PIN payment instrument that includes two EMV-compliant microchips, one for personal funds and another for donor funds, allowing separate authentication and processing of transactions using two distinct sets of credentials, ensuring that donor funds can be used for specific purposes while maintaining privacy and dignity.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If a single payment instrument is used for both personal and donor funds, then financial assistance can be provided, but the recipient's dignity is compromised due to public disclosure of need
Solution Approach 1:
The payment instrument is segmented into two distinct microchips: a first microchip storing credentials for personal funds and a second microchip storing credentials for donor funds. This segmentation allows the recipient to receive financial assistance while maintaining privacy, as the donor funds can be used without publicly disclosing the need for help.
Solution Approach 2:
The second microchip acts as an intermediary that enables discreet access to donor funds. By separating the donor credentials into a distinct chip, the system allows third-party assistance to be provided and utilized without the recipient's financial situation being publicly visible.
2Object-affected harmful factors
If separate payment instruments are used for personal and donor funds, then privacy is maintained, but device complexity increases
Solution Approach 1:
Two separate payment functions (personal funds and donor funds) are merged into a single payment instrument by incorporating two microchips within one card. This combining approach maintains the privacy benefits of separate accounts while avoiding the need for the user to carry multiple physical cards.
Solution Approach 2:
The payment instrument is designed with multi-functionality, serving both as a personal payment card and a donor funds card through the integration of two microchips. This universal design allows the single instrument to perform multiple functions that would otherwise require separate cards.
3Ease of operation
If donor funds are integrated with personal funds, then transaction processing is simplified, but the ability to track specific用途 of donor assistance is reduced
Solution Approach 1:
The credentials are segmented into separate microchips, with the first microchip containing personal fund credentials and the second microchip containing donor fund credentials. This segmentation enables both simplified transaction processing (as the separation is transparent to the merchant) and accurate tracking of donor fund usage (as the system can identify which chip was used for each transaction).
Data Source
AI summary
A dual-pin payment instrument is provided. The payment instrument may provide a user access to funds made donated to the user. The payment instrument may include a first set of credentials that provide access to funds/credit owned by the user. The payment instrument may include a second set of credentials that provide access to funds/credit donated to the user. To an onlooker, use of the payment instrument may not appear any different than typical payment instrument use. However an ability to access donated funds/credit may provide the user access to the donated funds/credit in a respectful manner.