Mobile Payment System Single Action Wireless Transmission
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Solution Overview
Problem
Existing payment methods, such as credit and debit cards, checks, and cash, are inconvenient as they require multiple steps and authentication processes, making transactions time-consuming and burdensome, and users often need to carry multiple payment vehicles.
Innovation Solution
A mobile device system that allows users to wirelessly transmit payment information with a single action, such as pressing a key or activating an icon, without requiring additional input or authentication, using a mobile phone equipped with an input device, wireless transmitter, and memory for default payment information.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of time
If traditional payment methods (credit cards, debit cards, checks, cash) are used, then payment transactions can be completed, but the process is time-consuming and inconvenient due to multiple steps and authentication requirements
Solution Approach 1:
The mobile device pre-stores payment information for multiple payment vehicles in memory before the transaction occurs. When a payment is needed, the system can immediately access and transmit the pre-stored information without requiring users to physically handle cards, write checks, or go through authentication steps at the moment of transaction, thereby significantly reducing transaction time and improving convenience
Solution Approach 2:
The patent replaces traditional mechanical payment methods (physical card swiping, cash handling, check writing) with wireless digital communication. The mobile device uses wireless transmitters to transmit payment information electronically to the point-of-sale terminal, eliminating the need for physical manipulation of payment vehicles and associated authentication procedures, thus reducing both time and operational complexity
2Adaptability or versatility
If multiple payment vehicles (credit cards, debit cards, checks, cash) are carried for different payment needs, then payment flexibility is improved, but the burden of carrying and managing multiple items increases
Solution Approach 1:
The mobile device serves as a universal payment platform that can store and transmit information for multiple different payment vehicles (credit cards, debit cards, checks, cash equivalents) within a single device. This multi-functional capability allows users to perform various payment types without carrying separate physical payment instruments, thereby maintaining payment flexibility while eliminating the burden of managing multiple items
Solution Approach 2:
The patent merges multiple payment vehicles into a single integrated system within the mobile device. Instead of carrying separate credit cards, debit cards, checks, and cash, the user consolidates all payment options into one device that can access and transmit information from any of the merged payment vehicles, significantly reducing the carrying burden while maintaining versatility
3Speed
If a single action option is implemented for payment transmission, then operation speed is improved, but security risks increase due to lack of authentication
Solution Approach 1:
The system performs preliminary authentication actions before enabling single-action payment mode. Users must complete authentication procedures (such as biometric verification or PIN entry) when initially setting up the single-action option or when transitioning between different payment vehicles. This preliminary authentication establishes security before the rapid single-action transmission occurs, allowing speed improvement without compromising security
4Loss of time
If the electronic wallet application is not launched before payment transmission, then transaction speed is improved, but system complexity increases due to direct memory access requirements
Solution Approach 1:
The mobile device pre-loads and maintains the electronic wallet application in a ready state within memory before the payment transaction occurs. The application is pre-configured with access to stored payment vehicle information, so when a payment is initiated, the system can immediately access the required data without requiring the user to launch the application. This preliminary preparation eliminates launch time delays while managing system complexity through optimized memory management
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
Enables fast and convenient payment authorization by simplifying the transaction process, reducing the need for multiple payment vehicles and minimizing user input, thereby enhancing the speed and convenience of financial transactions.
Implementation Method 1
a wireless transmitter configured to transmit wireless signals to a transaction device
Implementation Method 2
the wireless transmitter includes a near field communication device configured to transmit wireless near field communication signals including payment information
Data Source
AI summary
Embodiments of the invention include apparatuses and methods that allow a user to wirelessly transmit payment information from a mobile device to a point-of-sale terminal by the user performing only a single action or supplying only a single input to the mobile device. For example, some embodiments of the invention allow a user to assign a default payment vehicle to a particular key or “pay now” icon of the mobile device so that activation of the particular key or icon, alone, causes the mobile device to wirelessly transmit information about the default payment vehicle. In some embodiments of the invention, a user using the single action option of the mobile device does not need to go through an authentication procedure before the mobile device transmits the default payment information. In some embodiments of the invention, if a user uses the single action option, the mobile device is configured to transmit the payment information without needing to first launch an electronic wallet software application installed on the device.