Location-Based Payment Data Filtering System

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Solution Overview

Problem

Users face difficulties in managing payment vehicle data, particularly when traveling internationally, due to the complexity and volume of usage policies, terms, and offers associated with each payment vehicle, which can be hard to understand and locate, especially when transactions are not listed chronologically across different merchants, payment schemes, issuers, and regions.

Innovation Solution

A method and system that utilize location information to filter and display relevant payment vehicle data, including usage policies, terms, and offers, by retrieving data from databases based on payment vehicle attributes and geographical location, allowing users to easily compare and manage their payment vehicles.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Quantity of substance

If payment vehicle data is retrieved from databases based on payment vehicle attributes, then the quantity of available payment vehicle data increases, but the complexity of managing and locating this data increases

Engineering Contradiction:

Improvequantity of payment vehicle dataVSAvoidcomplexity of managing payment vehicle data

Core Design Contradiction:

Quantity of substanceVSDevice complexity

Solution Approach 1:

The patent segments payment vehicle data by geographical location, creating location-specific views of payment vehicle information. The system divides comprehensive payment vehicle data into location-based subsets, allowing users to access only relevant data for their current or intended location, thereby reducing management complexity while maintaining data quantity.

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The patent introduces a computing system that acts as an intermediary between users and payment vehicle databases. This intermediary automatically retrieves, filters, and presents payment vehicle data based on location information, eliminating the need for users to manually manage complex data retrieval and filtering processes.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Loss of information

If comprehensive payment vehicle data is provided to users, then the information completeness improves, but the ease of operation deteriorates due to difficulty in understanding and locating relevant information

Engineering Contradiction:

Improveinformation completenessVSAvoidease of locating payment vehicle data

Core Design Contradiction:

Loss of informationVSEase of operation

Solution Approach 1:

The patent applies local quality by providing different views of payment vehicle data tailored to specific geographical locations. Instead of presenting uniform comprehensive data to all users, the system customizes the information display based on the user's current or intended location, showing only locally relevant offers, policies, and terms.

Inventive Principle:

Principle #3Local quality

Solution Approach 2:

The patent performs preliminary filtering of payment vehicle data based on location information before presenting it to users. The computing system proactively retrieves and filters data according to the user's current or intended location, so that when users access their payment vehicle information, it is already organized and relevant to their location, eliminating the need for them to search through comprehensive but unorganized data.

Inventive Principle:

Principle #10Preliminary action

3Adaptability or versatility

If payment vehicle data from multiple regions is aggregated, then the versatility of payment vehicle options increases, but the difficulty of detecting and measuring relevant data increases

Engineering Contradiction:

Improveversatility of payment vehicle optionsVSAvoiddifficulty of locating relevant payment vehicle data

Core Design Contradiction:

Adaptability or versatilityVSDifficulty of detecting and measuring

Solution Approach 1:

The patent makes the payment vehicle data display dynamic by automatically updating the presented information based on the user's current or intended location. The system dynamically filters and reorganizes payment vehicle data as location information changes, maintaining versatility of options while automatically adapting the view to show only relevant data for the current context.

Inventive Principle:

Principle #15Dynamics

Data Source

PatentUS10902486B2Method for managing payment vehicle data based on location information

Publication Date: 2021.01.26 MASTERCARD INT INC

AI summary

A method for managing payment vehicle data based on location information is provided. The method includes receiving at least one payment vehicle attribute of at least one payment vehicle, receiving location information specifying a geographical location for use of the at least one payment vehicle, retrieving payment vehicle data from one or more databases based on the at least one payment vehicle attribute, filtering the payment vehicle data using the location information, to exclude data that is not applicable to the geographical location, and displaying the filtered payment vehicle data to the user.