Anonymous Mobile Payments via Near-Field Tokenization
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Solution Overview
Problem
Current payment systems for person-to-person transactions, such as tipping or street performances, often rely on cash or checks and lack efficient and secure mobile solutions that allow anonymous transactions without the need for personal or account information exchange.
Innovation Solution
A method and system using a mobile device with a near-field communication transceiver and digital payment application to detect and communicate with nearby devices, enabling anonymous person-to-person payments by sending a tokenized identifier for account transactions, reducing the need for direct interaction or knowledge of personal information between parties.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If mobile payment applications use traditional card information entry methods, then payment functionality can be achieved, but security is compromised and user experience is degraded due to requiring personal information exchange
Solution Approach 1:
The patent extracts and removes the need for personal information exchange from the payment process. Instead of requiring users to enter card numbers, CVV codes, or other sensitive data, the system uses near-field communication to detect devices and generates anonymous transaction codes that enable payments without exposing personal information.
Solution Approach 2:
The patent introduces an intermediary mechanism in the form of anonymous transaction codes and device detection protocols. These intermediaries facilitate the payment transaction between two parties without requiring them to directly exchange or store personal information, thereby enhancing security while simplifying the interaction.
2Productivity
If cash or checks are used for person-to-person payments, then anonymity is maintained, but transaction efficiency and speed are significantly reduced
Solution Approach 1:
The patent creates a digital copy of the payment functionality that mimics the anonymity of cash transactions. By generating anonymous transaction codes that can be exchanged between devices, the system replicates the privacy benefits of physical cash while enabling electronic transfer speeds and automated processing.
3Ease of operation
If mobile payment systems require direct interaction between parties, then transaction accuracy can be verified, but user convenience and accessibility are reduced
Solution Approach 1:
The patent implements self-service mechanisms where the mobile devices automatically perform device detection, transaction code generation, and payment verification without requiring direct user interaction. The system handles the complex verification processes in the background while users simply need to initiate the payment and confirm receipt.
Applied Scientific Principles
This section explains which scientific principles are used to turn an abstract innovation direction into a practical engineering solution.
Function Achieved in This Case
Facilitates fast, secure, and efficient anonymous transactions by minimizing data exchange, improving system security, and reducing processing time and resource utilization, while allowing real-time notification of transaction status.
Implementation Method 1
A payer can use a first mobile device having a near field communication transceiver and a digital payments application to detect and communicate with a second mobile device
Data Source
AI summary
Systems and methods include a payer user device including a near field communication transceiver configured to facilitate communications with devices within a threshold range from the payer user device, and a digital payment application that detects a payer user device, receives a first user input regarding a selection of the payee user device and a second user input regarding an amount of funds to provide a user of the payee user device, causes a transaction request to be received by the payee user device that includes a tokenized identifier that provides a provider computing system information to identify an account associated with a user of the payer user device, and receives an indication from the provider computing system indicating that the transaction has been completed or is in process of being completed.