Mobile Wallet Server Real-Time Transaction Privacy Control
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Solution Overview
Problem
Individuals face challenges in maintaining the privacy and secure distribution of personal information, such as payment cards and login credentials, during transactions, which can lead to privacy concerns and increased exposure of sensitive data.
Innovation Solution
A mobile wallet server system that enables real-time, secure communication between a user's mobile device and entities, allowing users to control the distribution of personal information through a user interface, using encryption and biometric security features, and enabling limited-use payment information to minimize exposure.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If personal information is physically transferred or electronically transmitted during transactions, then transaction efficiency is improved, but privacy security and control over personal information deteriorate
Solution Approach 1:
The patent introduces a mobile device as an intermediary between the user and transaction systems. The mobile device stores personal information securely and transmits it through encrypted channels, acting as a mediator that enables efficient transactions while maintaining privacy control. The device includes a camera for capturing information, a processor for encrypting data, and a transmitter for secure communication, thus resolving the contradiction between transaction speed and privacy protection.
2Ease of operation
If personal information is stored electronically with entities, then access convenience is improved, but vulnerability to hackers and third-party exposure increases
Solution Approach 1:
The patent implements local quality by storing personal information locally on the user's mobile device rather than centrally on external servers. The mobile device includes local storage components (camera, processor, memory) that keep sensitive data under the user's direct control. This localized storage approach maintains ease of access through the mobile interface while eliminating the security vulnerabilities associated with centralized electronic storage at external entities.
3Adaptability or versatility
If personal information is shared with others, then usability and convenience are improved, but exposure to unauthorized parties increases
Solution Approach 1:
The patent applies dynamics by implementing real-time control over information sharing. The mobile device includes a user interface that allows the user to dynamically approve or reject each information sharing request. The system transitions from static pre-authorized sharing to dynamic on-demand sharing, where the user can grant access temporarily for specific transactions while maintaining the ability to revoke access at any time, thus enabling versatility while minimizing unauthorized exposure.
Data Source
AI summary
Techniques and apparatuses for providing wallet server information to an entity using a real-time mobile wallet server (MWS) are disclosed herein. The MWS may receive a request for personal information from an entity. The MWS may then display to a user a summary of the request, a list of selections available in the wallet server that may satisfy the request, and a list of selectable response options for the user to choose to respond to the entity. In some aspects, the wallet server may store username and associated passwords, payment information, and/or contact information. In further aspects, the MWS may generate limited-use payment information associated with existing payment information. The MWS may communicate ad hoc messaging to the entity using voice-based or real-time text-based communications over an established communication link between the MWS and entity.