Information Wallet System for Secure Gift Transfer

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Solution Overview

Problem

Individuals often have to repeatedly provide the same information to different entities when receiving goods or services, such as when ordering gifts, and there is a need for a system that facilitates safe and reliable information transactions.

Innovation Solution

A computer-implemented information wallet system that allows users to manage and transfer information securely, including gift delivery, through a financial institution computing system connected to cloud storage and merchant systems via information wallet adapters.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If individuals provide information repeatedly to different entities, then each entity can verify and process the information accurately, but the individual loses time and experiences operational inefficiency

Engineering Contradiction:

Improveinformation verification accuracyVSAvoidtime for repeated data entry

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The information wallet system performs preliminary action by collecting, verifying, and storing user information in a centralized secure location before it is needed for transactions. When a user makes a purchase or receives a gift, the system automatically retrieves pre-verified information from the wallet, eliminating the need for repeated data entry and verification across different entities.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The information wallet acts as an intermediary between users and multiple entities (merchants, gift platforms, etc.). Instead of users directly providing information to each entity repeatedly, the wallet serves as a central mediator that stores verified information and selectively shares it with authorized entities, reducing redundant information exchange while maintaining verification integrity.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Productivity

If a centralized information storage system is implemented, then information can be managed and transferred efficiently, but security risks and system complexity increase

Engineering Contradiction:

Improveinformation management efficiencyVSAvoidsystem architecture complexity

Core Design Contradiction:

ProductivityVSDevice complexity

Solution Approach 1:

The information wallet system implements self-service by enabling users to directly control their own information through the wallet interface. Users can view, update, and manage their stored information without requiring complex administrative systems or intermediary processing. The system automatically handles information retrieval, sharing permissions, and transaction processing based on user-defined preferences, reducing overall system complexity while maintaining high efficiency.

Inventive Principle:

Principle #25Self-service

3Ease of operation

If user information is stored centrally for easy access, then information retrieval is fast and convenient, but the risk of information security breaches increases

Engineering Contradiction:

Improveinformation access convenienceVSAvoidinformation security risk

Core Design Contradiction:

Ease of operationVSObject-affected harmful factors

Solution Approach 1:

The information wallet system applies local quality by implementing differentiated security measures for different types of information and different access scenarios. Rather than applying a uniform security level to all data, the system tailors security protocols, encryption methods, and access controls based on the specific information type, user preferences, and transaction context, thereby maintaining both convenience and security.

Inventive Principle:

Principle #3Local quality

Solution Approach 2:

The system implements beforehand cushioning by proactively implementing security measures before any potential security breach can occur. This includes pre-encryption of all stored information, pre-authentication mechanisms, pre-defined user consent protocols, and automated security monitoring that prepares defensive measures in advance, reducing the impact of potential security incidents while maintaining easy information access.

Inventive Principle:

Principle #11Beforehand cushioning (Prior cushioning)

Data Source

PatentUS12321970B2Systems and methods for transferring a gift using an information storage and communication system

Publication Date: 2025.06.03 WELLS FARGO BANK NA

AI summary

Systems and methods for using an information wallet system to deliver a gift and receive, redeem, or re-gift the gift are disclosed. The information wallet system's storage is securely maintained by a financial institution computing system (i.e. a bank) and receives and holds purchase transaction information. Purchase information transaction may be received from a user computing device or an entity computing system, such as a merchant computing system. In one embodiment, a user may purchase a gift through an online website or at a brick and mortar location and direct the gift to be deposited into the information wallet storage of a recipient. A recipient may then continue to hold the gift, redeem the gift, or re-gift the gift to another party.