Mobile Payment Transfer via Biometric Authentication and Device ID
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Solution Overview
Problem
Traditional electronic payment transfer methods require special trips to banks and detailed information about payees, leading to inefficiencies and delays, lacking the convenience and mobility of e-wallet platforms.
Innovation Solution
A computer-implemented method using electronic devices, such as mobile devices, to initiate and receive electronic payment transfers through applications that capture biometric data for authentication, allowing users to select payers or payees and process transactions securely and instantly without needing detailed information or bank visits.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If traditional electronic payment transfer methods are used, then payment transfers can be conducted through banks, but the process requires special trips to banks and detailed information about payees, leading to inefficiencies and delays
Solution Approach 1:
The patent enables users to initiate and receive payment transfers directly through their own electronic devices without needing to visit banks or intermediaries. The system allows self-service payment transfers by using the user's electronic device identifier (such as phone number) as the payment recipient identifier, eliminating the need for bank visits and manual payee information entry.
Solution Approach 2:
The patent introduces a payment processing system that acts as an intermediary between users and the traditional banking infrastructure. This system receives payment transfer requests from electronic devices, processes them using the device identifier as the recipient identifier, and completes the transfer without requiring users to interact with banks directly, thereby streamlining the process.
2Ease of operation
If traditional payment transfer methods are used, then transfers can be processed through banking systems, but detailed information about payees is required and transfers may take several days to clear
Solution Approach 1:
The patent extracts the essential identifier needed for payment transfers from the complex traditional banking process. Instead of requiring detailed payee information such as account numbers, bank names, and routing numbers, the system uses only the user's electronic device identifier (such as phone number) as the recipient identifier, significantly simplifying the information required.
Solution Approach 2:
The patent changes the key parameter used to identify payment recipients from traditional banking parameters (account numbers, bank identifiers) to electronic device parameters (device identifiers, phone numbers). This parameter change simplifies the payment transfer process by using information that users already have and use daily, improving ease of operation.
3Ease of operation
If e-wallet platforms are used, then mobility and convenience are improved, but dependence on SIM cards and MNOs or cloud storage is created
Solution Approach 1:
The patent extracts the payment transfer functionality from the complex e-wallet infrastructure that depends on SIM cards, mobile network operators, and cloud storage. By using the electronic device identifier directly as the payment recipient identifier, the system eliminates the need for these intermediate components, simplifying the architecture while maintaining mobility and convenience.
Solution Approach 2:
The patent enables the electronic device itself to serve as both the initiator and recipient identifier in payment transfers. The device uses its own identifier (such as phone number) to receive payments, eliminating the need for external e-wallet infrastructure, SIM card dependence, or cloud storage, thereby reducing device complexity while maintaining ease of operation.
4Productivity
If traditional payment transfer methods are used, then transfers can be processed through banks, but the process is time-consuming and inefficient
Solution Approach 1:
The patent skips the traditional multi-day banking clearing process by using electronic device identifiers for direct payment transfer. The system processes transfers electronically and instantaneously, rushing through the payment process without the delays inherent in traditional banking systems, thereby improving productivity and reducing time loss.
Data Source
AI summary
Systems, methods, devices, and computer readable media for enabling direct electronic payment transfers are disclosed. Identification information of a payer, based on a user selection at a mobile device, is received from a first application installed on the mobile device. A user identification of a payment amount is received via a second application installed on the mobile device. The second application is different from the first application. Biometric data of the user is captured at a biometrics reader of the mobile device, and then compared to authorized biometric data to authenticate the user. Upon successful authentication of the user, a request for the electronic payment transfer from the payer to the user for the payment amount is initiated from the mobile device.