Mobile Wallet Image Recognition for Self-Service Payment Processing
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Solution Overview
Problem
Current methods for making payments and transferring funds using mobile devices are inefficient, often requiring long lines and high labor costs, as they lack streamlined systems for product identification and payment processing.
Innovation Solution
A computer-implemented method and mobile wallet system that authenticates user devices, identifies products through image recognition, generates product comparison screens, and facilitates payments to selected merchants from user accounts, enabling seamless transactions without direct interaction with cashiers.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If traditional payment methods (credit cards, checks, cash) are used, then payments can be completed, but individuals wait in long lines causing costly delays and high labor costs
Solution Approach 1:
The mobile device enables users to independently complete payment transactions without requiring cashier assistance. The device captures product information, communicates with merchant systems, and processes payments autonomously, allowing users to serve themselves at point-of-sale locations.
Solution Approach 2:
The patent replaces the mechanical interaction of physical cash handling, card swiping, and cashier processing with an electronic mobile device system. The mobile device uses cameras, processors, and wireless communication to electronically capture product data and transmit payment information, substituting traditional mechanical payment mechanisms.
2Productivity
If traditional payment methods are used, then transactions can be completed, but high labor costs are incurred
Solution Approach 1:
The mobile device enables users to independently complete payment transactions without requiring cashier assistance. The device captures product information, communicates with merchant systems, and processes payments autonomously, allowing users to serve themselves at point-of-sale locations.
Solution Approach 2:
The mobile device acts as an intermediary between the user and the merchant system, automating the transaction process. It captures product data, communicates with merchant databases, and handles payment processing, eliminating the need for human cashiers to mediate each transaction.
3Speed
If mobile devices are used for payments, then transaction speed improves, but product identification accuracy must be ensured
Solution Approach 1:
The system captures an image of the product, sends it to an image search engine for identification, and then presents the identified product information to the user for confirmation. This feedback loop allows the user to verify that the correct product is identified before the transaction proceeds, ensuring accuracy while maintaining speed.
Solution Approach 2:
An image search engine acts as an intermediary between the mobile device's camera and the payment processing system. The search engine analyzes the captured product image, identifies the product, and returns product information to the mobile device, enabling accurate product identification without requiring manual input from the user.
Data Source
AI summary
A system, computer-implemented method, and computer-readable storage media for using a client application. A method can include receiving an image from a mobile device based on receiving a first user selection of an image capture function element displayed via the client application on a mobile device and a subsequent capturing of the image by the mobile device. The image may include a code. The method can further include determining a product associated with the code. The method can further include receiving a second user selection and a product purchase option. The method can further include in response to receiving the product purchase option, transferring a payment for the product to a merchant from an account based on information associated with the merchant and the product purchase option. The method can further include causing the client application to display a purchase confirmation.