Dynamic Payment Incentive System for E-Commerce

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Solution Overview

Problem

Current e-commerce payment collection methods lack incentives to expedite payments, leading to delayed payments and inefficiencies in financial management systems.

Innovation Solution

A system and method that generates an adjusted payment amount and condition based on payment statistical measures from an online financial management application, allowing payors to view and complete payments with incentives, such as discounts, to motivate timely payments.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If traditional payment collection methods are used without incentives, then the payment collection process is simple, but payment delays occur and payment efficiency deteriorates

Engineering Contradiction:

Improvepayment efficiencyVSAvoidpayment delay

Core Design Contradiction:

ProductivityVSLoss of time

Solution Approach 1:

The system calculates and presents adjusted payment amounts and incentive conditions to payors before the payment deadline. By providing this information in advance, payors can make informed decisions about whether to pay early to qualify for incentives, thus preventing payment delays before they occur

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The system dynamically adjusts payment parameters (payment amount and due date conditions) based on statistical measures of payment behavior. By changing these parameters to reflect real-world payment patterns, the system creates meaningful incentives that actually motivate payors to improve payment timing

Inventive Principle:

Principle #35Parameter changes

2Productivity

If adjusted payment amounts with incentives are introduced, then payment efficiency improves, but system complexity increases

Engineering Contradiction:

Improvepayment efficiencyVSAvoidsystem complexity

Core Design Contradiction:

ProductivityVSDevice complexity

Solution Approach 1:

The system automatically calculates adjusted payment amounts and incentive conditions based on statistical measures of payment behavior. This automation eliminates the need for manual intervention to determine incentives, reducing operational complexity while maintaining the ability to offer personalized payment terms

Inventive Principle:

Principle #25Self-service

Solution Approach 2:

The system uses statistical measures derived from actual payment behavior data to dynamically adjust incentive offerings. This feedback loop allows the system to learn from past payments and optimize incentive structures automatically, reducing the need for complex manual rule-setting while improving payment efficiency

Inventive Principle:

Principle #23Feedback

Data Source

PatentUS10163082B1Gamification of fields in online e-commerce documents

Publication Date: 2018.12.25 INTUIT INC

AI summary

A method for collecting a payment. The method includes sending, to a payor, a request for the payment, wherein the request comprises an original payment amount and an original payment due date, generating, based on a set of payment collection records from an online financial management application used by payees, a payment statistical measure representing a payment behavior of payors paying the payees, generating, based on the payment statistical measure, the original payment amount, and the original payment due date, an adjusted payment amount and a condition to qualify the adjusted payment amount for completing the payment, enabling, prior to the payor completing the payment, the payor to view the adjusted payment amount and the condition, wherein the payor completes the payment in response to at least the payor viewing the adjusted payment amount and the condition, and collecting the payment completed by the payor.