Indoor-Positioned Payment Permissions for Contextual Transaction Control
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Solution Overview
Problem
Existing payment systems lack the ability to dynamically and contextually manage transaction authorizations based on geographic location, retailer, product category, or specific product restrictions, leading to inefficiencies and potential misuse.
Innovation Solution
A context-aware payment system that generates and enforces permissions for payment cards, using IoT devices and augmented reality to monitor and authorize transactions based on predefined criteria such as location, retailer, and product category, ensuring compliance with user-defined restrictions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional payment systems are used, then transaction simplicity is maintained, but transaction security and contextual control are insufficient
Solution Approach 1:
The patent segments authorization control into multiple contextual dimensions including geographic location, temporal windows, merchant categories, and product types. Each dimension is independently configurable through permission sets, allowing granular control over transaction authorization without requiring complete system redesign.
Solution Approach 2:
The system performs preliminary authorization checks by comparing transaction context against pre-configured permission sets before completing transactions. Indoor location is determined in advance and continuously monitored, and authorization decisions are made proactively based on predefined criteria rather than reactively after transaction initiation.
2Reliability
If granular permission control is implemented, then transaction security is improved, but processing time increases
Solution Approach 1:
Permission sets and contextual criteria are configured in advance before transactions occur. The system pre-establishes authorization rules across multiple dimensions (location, time, merchant, product) so that during transaction processing, only comparison operations are needed rather than complex real-time evaluation.
Solution Approach 2:
The patent replaces manual authorization review with automated contextual comparison systems. Indoor positioning technology and automated decision algorithms substitute for human judgment, rapidly comparing transaction context against stored permission sets without requiring manual intervention.
3Adaptability or versatility
If contextual monitoring is added to payment systems, then fraud detection capability is improved, but device complexity increases
Solution Approach 1:
The patent creates a universal permission set framework that can accommodate multiple contextual dimensions (geographic, temporal, merchant, product) through a single unified architecture. This multi-functional approach allows the same core system to handle diverse authorization scenarios without requiring separate specialized systems for each context type.
Solution Approach 2:
The system introduces an intermediary authorization layer between the payment processing system and the user. This intermediary component handles contextual evaluation and permission verification, shielding the core payment system from complex contextual logic while providing enhanced authorization capabilities.
Data Source
AI summary
According to one embodiment, a method, computer system, and computer program product for context-aware payments is provided. The embodiment may include generating a set of permissions for a user. The embodiment may also include assigning the generated set of permissions to a payment account. The embodiment may further include receiving an authorization request from the payment account to engage in a commerce-based transaction. The embodiment may also include determining whether to authorize the commerce-based transaction based, at least in part, on comparing contextual information associated with the commerce-based transaction to the generated set of permissions assigned to the particular payment account.