Form Factor Indicator in Payment Authorization
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Solution Overview
Problem
Traditional payment processes lack enhanced services and functionality, particularly in utilizing additional data from contactless payment devices to provide improved transaction experiences.
Innovation Solution
Incorporating a form factor indicator and customer exclusive data tags in authorization request messages to provide supplementary data, allowing for additional processing and services such as personalized marketing, security enhancements, and transaction authentication.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If traditional payment processes are used, then transaction processing is simple and fast, but enhanced services and functionality are lacking
Solution Approach 1:
The system performs preliminary actions by including a form factor indicator in the authorization request message before transaction processing. This indicator enables the issuer to pre-determine appropriate services and processing paths based on the device type, allowing enhanced services to be delivered without adding complexity to the actual transaction execution.
Solution Approach 2:
The patent changes the parameter of the authorization request message by adding a form factor indicator field. This parameter change enables the system to differentiate between various device types (contactless card, mobile device, wearable) and apply different processing rules and services accordingly, thereby enhancing versatility without fundamentally changing the core transaction flow.
2Loss of information
If additional data is collected from consumer devices, then personalized services and security enhancements are enabled, but data processing requirements increase
Solution Approach 1:
The system extracts only the essential form factor indicator from the consumer device data, separating this key identification information from other device characteristics. This extraction approach provides sufficient information for personalized services and security decisions without requiring the collection and processing of extensive device data, thereby maintaining processing efficiency.
Solution Approach 2:
The patent applies local quality by using the form factor indicator to trigger specific processing paths and services tailored to each device type. Instead of uniformly processing all transactions with the same level of detail, the system applies different processing intensities and service levels locally based on the identified device form factor, optimizing both information completeness and processing efficiency.
Data Source
AI summary
A consumer device is disclosed. The device comprises a body, and a memory comprising a computer readable medium disposed on or within the body. The computer readable medium comprises a form factor indicator element coupled to the body. The form factor indicator element indicates the form factor for the consumer device.