Electronic Money Settlement with Direct Deposit Remittance

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Solution Overview

Problem

Existing electronic money systems require users to transfer funds from their bank accounts to electronic money accounts, leading to hassle and increased burden on both users and electronic money business operators, and result in delayed payments to affiliated stores, affecting their cash management.

Innovation Solution

An electronic money settlement method that synchronizes the balance of an electronic money account with a user's deposit account, allowing direct remittance from the deposit account to the beneficiary, eliminating the need for intermediate transfers and reducing deposit obligations.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Ease of operation

If users transfer funds from deposit accounts to electronic money accounts before using electronic money services, then electronic money settlements can be performed, but this creates hassle for users and increases the financial burden on electronic money business operators

Engineering Contradiction:

Improveconvenience of electronic money serviceVSAvoidtime required for fund transfer

Core Design Contradiction:

Ease of operationVSLoss of time

Solution Approach 1:

The system performs preliminary actions by automatically transferring funds from the user's deposit account to the electronic money account in advance, before the user actually needs to use electronic money services. This eliminates the need for users to manually transfer funds beforehand, resolving the contradiction between service convenience and time loss.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The electronic money business operator system automatically manages the fund transfer process between deposit accounts and electronic money accounts without requiring user intervention. The system monitors account balances and performs transfers autonomously based on settlement needs, making the process self-service oriented and eliminating manual user actions.

Inventive Principle:

Principle #25Self-service

2Productivity

If electronic money business operators aggregate payments and make payments to affiliated stores at a later date, then operators can manage cash flow, but affiliated stores experience delayed payments affecting their cash management

Engineering Contradiction:

Improvecash flow management efficiencyVSAvoidpayment delay to affiliated stores

Core Design Contradiction:

ProductivityVSLoss of time

Solution Approach 1:

The system performs preliminary fund transfers from users' deposit accounts to the electronic money business operator's deposit account in advance of actual settlements. This creates a fund pool that enables immediate payment to affiliated stores when settlements occur, eliminating payment delays while maintaining cash flow management.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The electronic money business operator's deposit account serves as an intermediary account that receives funds in advance from users and then immediately transfers them to affiliated stores during settlements. This intermediary mechanism enables both cash flow management and immediate payment settlement, resolving the time delay contradiction.

Inventive Principle:

Principle #24Intermediary (Mediator)

3Reliability

If users maintain balances in electronic money accounts, then electronic money settlements can be performed, but electronic money business operators must deposit equivalent amounts with deposit offices under Payment Services Act, creating extreme financial burden

Engineering Contradiction:

Improveelectronic money settlement reliabilityVSAvoidfinancial burden on electronic money business operators

Core Design Contradiction:

ReliabilityVSQuantity of substance

Solution Approach 1:

The system performs preliminary transfers of funds from users' deposit accounts to the electronic money business operator's deposit account before electronic money settlements occur. This ensures that sufficient funds are already available in the operator's deposit account to cover settlement obligations, eliminating the need for large protective deposits while maintaining settlement reliability.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The system implements feedback mechanisms where the electronic money business operator monitors user deposit account balances and automatically adjusts fund transfers to maintain appropriate reserve levels in the operator's deposit account. This feedback-based approach ensures settlement reliability while minimizing excessive financial burden through precise, demand-based fund management.

Inventive Principle:

Principle #23Feedback

Data Source

PatentUS20250238775A1Electronic money service system and electronic money settlement method

Publication Date: 2025.07.24 MRS HLDG CO LTD

AI summary

The present invention is an electronic money settlement method implemented by an electronic money business operator system that provides an electronic money service. The method comprises: managing, for each user who uses the electronic money service, an electronic money account of the user and a deposit account of the user by associating the electronic money account and the deposit account to each other; virtually setting the balance of the electronic money account to be linked to the balance of the deposit account; and requesting remittance processing to a financial institution system such that, in response to an electronic money settlement, the money amount for the settlement is directly remitted from the deposit account associated with the electronic money account to a deposit account at a financial institution of a beneficiary who should receive the money amount through the settlement.