Mobile Credit Card Imaging for Secure Transactions

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Solution Overview

Problem

Existing credit card transaction systems are limited by the need for stationary points-of-sale and manual input of card details, lacking flexibility for mobile or online transactions.

Innovation Solution

A system and method using mobile devices with image acquisition units, processors, and memory to extract credit card details from images, enabling transactions through image analysis and communication with billing centers.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If stationary points-of-sale with magnetic strip readers are used, then credit card transaction reliability is ensured, but device mobility and transaction flexibility are reduced

Engineering Contradiction:

Improvetransaction flexibilityVSAvoidtransaction security

Core Design Contradiction:

Adaptability or versatilityVSReliability

Solution Approach 1:

The patent uses optical copying technology to capture images of credit card information from the card surface. The camera acquires visual copies of card details including card number, expiry date, and CVV code, replacing the need for physical magnetic strip reading while enabling mobile transactions.

Inventive Principle:

Principle #26Copying

Solution Approach 2:

The patent replaces the mechanical magnetic strip reading system with an optical imaging and recognition system. Instead of using magnetic field interaction through a reader, the system uses camera-based image capture and optical character recognition to extract card information, enabling transactions on mobile devices.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

2Ease of operation

If manual input of card details is required, then transaction security through user verification is improved, but transaction time and user convenience are reduced

Engineering Contradiction:

Improveuser convenienceVSAvoidtransaction time

Core Design Contradiction:

Ease of operationVSLoss of time

Solution Approach 1:

The system performs preliminary capture of card information through image acquisition before the transaction process begins. The card details are captured in advance and stored temporarily, eliminating the need for repeated manual entry during the transaction and reducing overall transaction time.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The system enables self-service by automatically extracting card information from captured images using optical character recognition. The device autonomously processes the card details without requiring manual typing or intervention, significantly improving user convenience and reducing transaction time.

Inventive Principle:

Principle #25Self-service

Data Source

PatentUS9836726B2Internet payment system using credit card imaging

Publication Date: 2017.12.05 JUMIO CORP

AI summary

A system and a method for conducting credit card transactions through a mobile device of a user. The mobile device comprises an image acquisition unit and a mobile application operated by the mobile device. The system enables acquiring an image of a client's credit card, using the image acquisition unit; analyzing data of the image; outputting details of the credit card from the analysis; verifying the output details, wherein the verification is further carried out through the mobile application; verifying authorization of inputted monetary transaction, wherein the mobile application enables verifying the authorization by communicating with the billing center, associated with at least one credit company associated with the credit card over at least one communication network, wherein the communication is carried out by the mobile application using the mobile device; and conducting monetary transactions using the verified credit card details.