Mobile Wallet QR Code for Sequential Voucher Redemption and Payment
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Solution Overview
Problem
Current systems and methods for in-store mobile payments and voucher redemptions are inefficient due to limitations in existing payment gateway infrastructure, which prevents third-party mobile wallets from verifying payment tokens and processing voucher redemptions simultaneously with payments.
Innovation Solution
The solution involves a system where a QR code on customers' phones is scanned to facilitate automatic and sequential voucher redemption and payment processing within the online payment gateway system, separating merchant POS systems from external information while allowing any mobile app with a payment account to function as a mobile wallet, including apps like Amazon, Walmart, and Groupon, without requiring merchants to complicate their POS systems.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If merchants use traditional separate manual voucher redemption and payment processes at registers, then voucher redemption can be completed, but the checking process becomes slow and inefficient
Solution Approach 1:
The patent combines voucher redemption and payment processing into a single integrated mobile transaction. The mobile wallet application consolidates both functions, allowing customers to redeem vouchers and complete payments simultaneously through one QR code scan, eliminating the need for separate manual processes at the register.
Solution Approach 2:
The system enables self-service through automated voucher redemption and payment processing. The mobile wallet application automatically applies eligible vouchers to the transaction and completes payment without requiring manual intervention from cashiers, allowing the customer to independently complete the entire checkout process.
2Ease of operation
If mobile wallet apps like Google Pay and Apple Wallet are used for in-store payments, then payment convenience is improved, but they cannot handle voucher redemptions simultaneously
Solution Approach 1:
The mobile wallet application is designed with multi-functionality, serving as both a payment instrument and a voucher redemption platform. The system integrates multiple capabilities including QR code generation for payment, voucher storage, automated voucher application, and balance management, allowing a single application to handle diverse transaction types and promotional offerings.
3Reliability
If third-party mobile wallets use payment tokens to represent credit card information, then payment security is improved, but payment gateways cannot verify the payment tokens due to lack of passage to mobile wallet system
Solution Approach 1:
The mobile wallet application acts as an intermediary between the customer and the payment gateway. It generates secure payment tokens locally and includes verification instructions within the QR code payload. The payment gateway can verify these tokens without needing direct access to the mobile wallet system, as the verification logic is self-contained in the token structure.
4Reliability
If merchants' POS systems are not allowed to connect with third-party systems for security reasons, then system security is maintained, but third-party mobile wallets cannot integrate with POS systems
Solution Approach 1:
The patent extracts the third-party integration logic from the POS system and places it entirely within the mobile wallet application. The mobile wallet generates self-contained QR codes with embedded verification instructions, allowing the POS system to verify third-party payment tokens without establishing connections to external mobile wallet systems, thus maintaining security while enabling integration.
Data Source
AI summary
The present invention generally relates to systems and methods for executing in-store payments using a third-party mobile wallet. More specifically, the present invention relates to systems and methods for executing in-store mobile payment with voucher redemption automatically and in sequence.