Electronic Paycheck Voucher Distribution System

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Solution Overview

Problem

Current methods for distributing pay, such as traditional payroll systems, lack flexibility and security in allowing payees to define personalized distribution preferences for their net pay, limiting the ability to efficiently and securely manage payment destinations.

Innovation Solution

A system and method for generating and processing electronic paycheck vouchers based on payee-defined distribution preferences, utilizing a payroll data repository, paycheck voucher generator, and electronic paycheck voucher processing unit to securely distribute net pay to various payment destinations, including bank accounts, gift cards, and other financial instruments.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If traditional payroll systems are used to distribute pay, then payment distribution can be achieved, but flexibility and security in allowing payees to define personalized distribution preferences are limited

Engineering Contradiction:

Improvedistribution preference flexibilityVSAvoidpayment security

Core Design Contradiction:

Adaptability or versatilityVSReliability

Solution Approach 1:

The system segments the net pay distribution into multiple selectable destinations (checking account, savings account, gift cards, etc.), allowing payees to divide their payment across different accounts according to predefined preferences. This segmentation enables flexible distribution while maintaining security through controlled access to each destination.

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The payroll system acts as an intermediary between the employer and the payee's multiple financial destinations. It securely manages the distribution preferences and routes payments through controlled channels, providing both flexibility in destination selection and security through centralized management of payment instructions.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Ease of operation

If payees can define personalized distribution preferences, then payment management flexibility is improved, but system complexity increases

Engineering Contradiction:

Improvepayment management easeVSAvoidsystem complexity

Core Design Contradiction:

Ease of operationVSDevice complexity

Solution Approach 1:

The system allows payees to pre-define their distribution preferences and destination allocations before the actual payroll distribution occurs. These preferences are stored and automatically applied during payment processing, eliminating the need for complex real-time decisions and simplifying the operational process for both payees and the payroll system.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The system manages complexity by parameterizing the distribution process through predefined preferences, destination types, and allocation percentages. By changing the system from handling individual payment decisions to managing parameterized distribution rules, it achieves ease of operation while controlling system complexity through standardized configurations.

Inventive Principle:

Principle #35Parameter changes

Data Source

PatentUS7761370B1Method and system for generating and processing an electronic payroll voucher

Publication Date: 2010.07.20 INTUIT INC

AI summary

A method of distributing pay includes obtaining payroll information associated with a payee, generating an electronic paycheck voucher based on the payroll information, wherein the electronic paycheck voucher is associated with a net pay of the payee, issuing the electronic paycheck voucher to the payee, and processing the electronic paycheck voucher to distribute the net pay based on a distribution preference defined by the payee.