Interchange System for Secure Repeated Mobile Payments
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Current systems for mobile communications lack efficient methods to facilitate repeated online transactions, particularly in securely and conveniently processing payments and deposits through mobile devices, without revealing financial information and with secure authorization.
Innovation Solution
A system comprising a data storage facility and an interchange that stores payment transaction records, uses a common format processor to communicate with various mobile communication controllers, and sends premium messages to collect funds for repeated purchases, ensuring secure authorization and convenient transaction processing.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional payment processing methods are used, then transactions can be processed, but financial information must be revealed and security is compromised
Solution Approach 1:
The patent introduces an intermediary system (the interchange and data storage facility) that mediates between the mobile device and the payment processor. This intermediary stores payment transaction records and uses a common format processor to communicate with mobile communication controllers, thereby protecting financial information from direct exposure while enabling secure transactions.
2Productivity
If repeated transactions are processed manually, then transactions can be completed, but time consumption and operational complexity increase
Solution Approach 1:
The patent implements preliminary action by storing payment transaction records in advance and using a common format processor that is pre-configured to handle multiple mobile communication controllers. This allows the system to quickly process repeated transactions without manual intervention, significantly reducing processing time and improving efficiency.
3Adaptability or versatility
If multiple mobile communication protocols are supported, then device compatibility is improved, but system complexity increases
Solution Approach 1:
The patent applies universality by implementing a common format processor that can communicate with multiple types of mobile communication controllers using different protocols (SMS, MMS, email, instant messaging). This single universal interface handles diverse communication requirements without requiring separate specialized interfaces for each protocol, thereby improving compatibility while managing complexity.
Data Source
AI summary
Systems and methods are provided to facilitate repeated purchase and payment transactions. In one aspect, a system includes an interchange and a data storage facility configured to store payment transaction records associated with phone numbers. The interchange includes a common format processor and a plurality of converters to interface with a plurality of different controllers of mobile communications. The converters are configured to communicate with the controllers in different formats and to communicate with the common format processor in a common format. The common format processor is configured to identify a prior payment transaction associated with a phone number in response to a message from a mobile phone having the phone number, communicate with a merchant to repeat a purchase according to the prior payment transaction, and transmit via one of the converters premium messages to the mobile phone to collect funds for a payment to repeat the purchase.