Geo-location Data for Shared Transaction Reimbursement
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Solution Overview
Problem
Existing systems face challenges in efficiently processing shared transactions among multiple users, particularly in determining participant identifiers and facilitating reimbursement, as they often require laborious check splitting and multiple payment instruments, which are time-consuming and difficult for both users and merchants.
Innovation Solution
A method utilizing time-sensitive geo-location data and device messaging to identify participating users in shared transactions through geo-fencing, social contacts, and messaging connections, enabling automatic reimbursement processing by determining user involvement based on proximity, shared contacts, and transaction data.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If multiple payment instruments are used to process shared transactions, then each user can pay for their own items, but the transaction processing becomes time-consuming and complex for both users and merchants
Solution Approach 1:
The patent introduces a service provider system as an intermediary that receives transaction data from the merchant system and automatically identifies multiple payers using geo-location data. This intermediary processes the complex task of determining participant identifiers and allocating payment responsibilities, thereby simplifying the operation for both users and merchants while reducing processing time.
Solution Approach 2:
The system enables automatic identification of participants and automated reimbursement processing through geo-location data and device messaging. The technology performs self-service functions by automatically determining which devices were present at the transaction location and should be charged, eliminating the need for manual check splitting or multiple separate payment instruments.
2Measurement precision
If manual check splitting is required for shared transactions, then separate payment responsibilities can be determined, but the process becomes laborious and difficult for users
Solution Approach 1:
The patent replaces manual check splitting mechanisms with an automated electronic system that uses geo-location data from devices to identify participants. Instead of mechanical or manual processes for determining payment responsibility, the system uses automated data processing, location tracking, and device messaging to precisely identify which users should be charged for specific items.
Solution Approach 2:
The system performs preliminary identification of participants using geo-location data before the actual payment processing occurs. By determining which devices were present at the transaction location in advance, the system prepares the participant identifiers and payment allocations beforehand, simplifying the subsequent payment process and reducing complexity during the actual transaction.
Data Source
AI summary
There are provided systems and methods for time sensitive geo-location data for push notifications after shared transaction processing. A user may utilize a communication device to perform electronic transaction processing for a group of users at a location. The device may be geo-location enabled so that a service provider may detect a location of the device. Based on the geo-location of the user at the time of processing and other nearby geo-location enabled device, the service provider may determine other users that share in the transaction and are associated with the user using messaging connections and shared data transmissions. The service provider may determine the transaction that the user processed. The service provider may request that the other users provide the required reimbursement to the user that processed the transaction data. The other users' devices may receive a push notification and data to perform transaction processing.