Mobile Device Enrollment System for Cross-Network Payment Interoperability
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Solution Overview
Problem
Current payment systems using contactless mobile devices are limited by network incompatibility and the inability of devices to handle multiple account types, leading to consumers carrying multiple forms of payment, which can be disorganized and increase transaction time.
Innovation Solution
A mobile commerce system that registers and manages mobile devices for use in financial transactions, allowing registration requests to be processed through a service provider system, determining device eligibility, and integrating with acquirer systems to manage user information and account types, enabling interoperability across different networks.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Speed
If contactless devices are used for payment transactions, then transaction speed is improved, but device compatibility across different networks deteriorates
Solution Approach 1:
The mobile device is designed to function as a universal payment instrument that can operate across multiple payment networks and acquirer systems. The device stores and manages multiple account types (credit, debit, stored value) and can route transactions through different networks, making it compatible with various POS devices and payment systems while maintaining fast contactless transaction speeds.
Solution Approach 2:
The patent introduces an enrollment system and service provider system as intermediaries between the mobile device and various acquirer systems. These intermediaries manage device registration, store device information, and facilitate communication between the mobile device and different payment networks, enabling seamless interoperability without requiring the device itself to be modified for each network.
2Adaptability or versatility
If multiple forms of payment are carried by consumer, then payment options are increased, but organization and security deteriorate
Solution Approach 1:
The patent combines multiple payment instruments (credit cards, debit cards, stored value cards, loyalty cards, identification) into a single mobile device. The device stores multiple account types and can present the appropriate payment instrument to the POS device based on the transaction requirements, eliminating the need for consumers to carry and organize multiple separate cards.
Solution Approach 2:
The mobile device serves as a universal wallet that can handle various account types (credit, debit, stored value, loyalty) and functions (payment, identification, membership) through a single device interface, simplifying the consumer experience while maintaining diverse payment options.
3Adaptability or versatility
If multiple forms of payment are carried by consumer, then payment options are increased, but transaction time increases
Solution Approach 1:
The mobile device pre-loads and stores multiple account types and payment information in ready-to-use format. During a transaction, the device can quickly present the appropriate account information to the POS device without requiring the consumer to manually select or switch between multiple physical cards, significantly reducing transaction time while maintaining access to multiple payment options.
4Reliability
If contactless devices are restricted to particular payment channels, then network security is improved, but device usability deteriorates
Solution Approach 1:
The patent segments the payment system into distinct components: the mobile device stores multiple account types, the enrollment system manages device registration, and the service provider system routes transactions through appropriate acquirer systems. This segmentation allows each component to maintain its security protocols while the overall system achieves broad compatibility and usability across different payment networks.
Data Source
AI summary
Methods, systems, and machine-readable media are disclosed for registering a mobile device for use in a mobile commerce system. According to one embodiment, a method of registering a mobile device for use in a mobile commerce system can comprise receiving at a service provider system a registration request from a user of the mobile device. A determination can be made with the service provider system whether to allow registration of the mobile device. In response to determining to allow registration of the mobile device, the registration request can be sent from the service provider system to an acquirer system.