Geolocation-Conditioned Payment Terminal Authentication
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Solution Overview
Problem
Current online payment systems lack security and convenience as they rely on transmitting authentication information over networks, making them vulnerable to theft and requiring payor and payee communication during transactions.
Innovation Solution
A method where a server sends a request message to a payment terminal to process a payment order only when the terminal is at a specific position and time, with the terminal confirming the request and the server processing the payment upon confirmation, enhancing security and eliminating the need for real-time communication.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If authentication information is transmitted via network, then payment processing can be completed, but security is compromised due to information theft risk
Solution Approach 1:
The patent extracts the authentication process from network transmission entirely. Instead of sending authentication information over the network, the system uses local geolocation data from the terminal device to verify presence at the merchant location. The server receives only the geolocation data and payment request, not sensitive authentication credentials, thus eliminating the transmission vulnerability.
Solution Approach 2:
The patent introduces geolocation data as an intermediary verification mechanism. Rather than directly transmitting authentication information, the system uses the terminal's location data as a mediator to prove the user's physical presence at the merchant location. This intermediary approach replaces direct authentication information transmission with indirect verification through location-based proof.
2Reliability
If real-time communication between payor and payee is required, then transaction authenticity is ensured, but convenience is reduced due to additional communication steps
Solution Approach 1:
The patent implements self-service authentication where the terminal device automatically provides geolocation data to verify the user's presence at the merchant location. The system uses the device's own location capabilities to authenticate the transaction without requiring manual communication between parties. The user simply initiates the payment, and the system automatically verifies location and processes the transaction.
Solution Approach 2:
The patent performs preliminary verification of the user's location before the payment transaction occurs. The server checks whether the terminal device is at the merchant location in advance of completing the payment. This preliminary geolocation verification ensures transaction authenticity is established before the actual payment, eliminating the need for post-transaction communication or verification steps.
Data Source
AI summary
A method, system, and apparatus for facilitating a payment transaction is disclosed. A server receives an event-setup request from an event organizer to set up an event-based payment session to obtain payments for one or more attendees of a subsequent event. In response to receiving the event set-up request: the server sets up the event-based payment session in accordance with the event-setup request; and provides a payment invitation corresponding to the payment session to each of one or more invitees of the subsequent event in accordance with the event-setup request. The server then receives from at least a first invitee of the one or more invitees, a conditional acceptance to the payment invitation, the acceptance being conditioned on one or more predefined criteria.