In-Context Financial Data Display for Online Shopping

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Solution Overview

Problem

Online shopping often leads to financial dissonance as individuals are not effectively aware of the impact of their purchases on their financial status, due to the intangible nature of credit or debit transactions.

Innovation Solution

A system and method for providing in-context information by determining a user verification level through authentication methods, establishing connections with user accounts, and displaying user-specific data via a user interface, tailored to the verification level.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Ease of operation

If online shopping uses credit or debit cards for transactions, then shopping convenience is improved, but financial awareness deteriorates

Engineering Contradiction:

Improveshopping convenienceVSAvoidfinancial awareness

Core Design Contradiction:

Ease of operationVSLoss of information

Solution Approach 1:

The patent implements real-time feedback mechanisms that display financial impact information to users during the online shopping process. The system monitors transactions and provides immediate visual feedback about spending patterns, budget status, and financial implications, transforming the intangible credit transaction into tangible, observable financial information that enhances user awareness without disrupting shopping convenience

Inventive Principle:

Principle #23Feedback

Solution Approach 2:

The patent introduces an intermediary financial information display system that mediates between the credit card transaction process and the user's financial awareness. This intermediary layer captures transaction data and transforms it into comprehensible visual representations of financial impact, bridging the gap between convenient credit-based shopping and informed financial decision-making

Inventive Principle:

Principle #24Intermediary (Mediator)

2Reliability

If user-specific data is displayed based on verification level, then information security is improved, but system complexity increases

Engineering Contradiction:

Improveinformation securityVSAvoidsystem complexity

Core Design Contradiction:

ReliabilityVSDevice complexity

Solution Approach 1:

The patent segments user data into multiple classification levels based on sensitivity and verification requirements. The system divides financial information into discrete tiers (e.g., public profile data, account balance, transaction history, credit limit) and applies appropriate verification thresholds to each segment, allowing robust security without requiring uniformly complex authentication for all data types

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The patent implements preliminary verification actions during user registration and account setup, where users pre-authorize the system to access and display specific financial data types. This preliminary action establishes trust and data access permissions in advance, reducing the need for repeated complex verification processes during shopping transactions

Inventive Principle:

Principle #10Preliminary action

Data Source

PatentUS20250045737A1Systems and methods for generating dynamic credit information

Publication Date: 2025.02.06 CAPITAL ONE SERVICES LLC

AI summary

A method for providing in-context information is disclosed. The method includes receiving a request for in-context information, establishing a connection between the integration system and one or more user accounts, determining a user verification level, requesting user-specific data associated with the one or more user accounts upon determining the user verification level, and causing to display the in-context information via a user interface.