Mobile Wallet Age Verification via Payment Network Server
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Solution Overview
Problem
Current systems fail to effectively verify the minimum age of accountholders during payment transactions, leading to fraudulent purchases by minors using fake identification, which can result in penalties for merchants.
Innovation Solution
A payment network server and point-of-sale device system that verifies the age of accountholders by matching their birthdate with the present date, transmitting a transaction decline if the accountholder is below the specified minimum age, and displaying a decline on the point-of-sale device if the age requirement is not met.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional payment processing is used without age verification, then transaction speed is maintained, but minors can make fraudulent purchases using fake identification
Solution Approach 1:
The system performs age verification in advance by checking the accountholder's birthdate against the minimum age requirement before the transaction is finalized. The payment network server receives the accountholder's birthdate, calculates their age, and determines eligibility for age-restricted purchases before completing the payment, preventing fraudulent transactions from occurring in the first place
Solution Approach 2:
The payment network server acts as an intermediary between the point-of-sale device and the accountholder's payment account. It receives transaction requests, performs age verification by comparing the accountholder's birthdate with the minimum age requirement, and either authorizes or declines the transaction based on the verification result, thereby eliminating the need for manual ID checking while maintaining reliability
2Measurement precision
If manual ID checking is implemented at point-of-sale, then age verification accuracy improves, but transaction processing time increases
Solution Approach 1:
The system replaces the mechanical process of manual ID inspection with an automated electronic verification process. The payment network server automatically receives the accountholder's birthdate, calculates their age using present date comparison, and determines eligibility for age-restricted purchases, eliminating human error and manual processing delays while maintaining high accuracy
Solution Approach 2:
Instead of physically inspecting original identification documents, the system uses copied information in the form of the accountholder's birthdate stored in their payment account profile. This digital copy of the identification data is sufficient for verification purposes and can be processed automatically without requiring the physical presence of the original ID
3Object-affected harmful factors
If age verification is integrated into payment processing, then fraudulent purchases by minors are prevented, but transaction complexity increases
Solution Approach 1:
The payment network server performs multiple functions within a single transaction flow: it processes the payment authorization, verifies the accountholder's age by comparing birthdate with minimum age requirements, and determines eligibility for age-restricted purchases. This multi-functional approach integrates age verification into the existing payment infrastructure without requiring separate systems or processes
Data Source
AI summary
A system, method, and computer-readable storage medium configured to verify minimum age of accountholders, to enable age restrictions on purchases.