Multi-configurable Payment Account Routing System
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Solution Overview
Problem
Users face difficulties in availing benefits from multiple payment card issuers as each card has unique configurations and benefits, requiring users to carry multiple cards to access various rewards and benefits.
Innovation Solution
A computer-implemented method and system that allows a payment server to identify multi-configurable payment accounts, retrieve and present configuration details to users, and route payment transactions to the appropriate issuer based on user selection, enabling seamless access to benefits from multiple issuers.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If users carry multiple payment cards to access benefits from multiple issuers, then the ability to access various rewards and benefits is improved, but the device complexity and ease of operation deteriorate due to managing multiple physical cards
Solution Approach 1:
The patent merges multiple payment card configurations into a single multi-configurable payment account. The system stores multiple issuer configuration details (including card numbers, expiry dates, and security codes) associated with different issuers in a database, allowing users to access benefits from multiple issuers through one unified account without physically carrying multiple cards.
Solution Approach 2:
The payment account is designed with multi-functionality to handle transactions with multiple different issuers. The system retrieves the appropriate issuer configuration details based on the payment request and routes the transaction accordingly, enabling a single account to perform the functions previously requiring multiple separate cards.
2Adaptability or versatility
If users carry multiple payment cards to access benefits from multiple issuers, then the adaptability to access various rewards is improved, but the device complexity increases due to managing multiple cards
Solution Approach 1:
The patent merges multiple payment card configurations into a single multi-configurable payment account. The system stores multiple issuer configuration details (including card numbers, expiry dates, and security codes) associated with different issuers in a database, allowing users to access benefits from multiple issuers through one unified account without physically carrying multiple cards.
Solution Approach 2:
The system automatically manages the complexity of multiple card configurations through self-service mechanisms. When a payment request is received, the system automatically retrieves the appropriate issuer configuration details, identifies the correct issuer, and routes the transaction without requiring user intervention to manage card details, thereby reducing the perceived complexity for users.
3Ease of operation
If a single payment account supports multiple configurations, then the ease of operation is improved, but the device complexity increases due to managing multiple configuration details
Solution Approach 1:
The patent extracts the complexity of storing and managing multiple card configurations from the user device and places it in a centralized database. The payment account stores only essential identifiers, while the detailed configuration information (card numbers, expiry dates, security codes) is kept securely in the database, reducing the complexity burden on the user's device while maintaining ease of operation.
Solution Approach 2:
The system introduces an intermediary database layer between the payment account and the issuer networks. This intermediary stores and manages the complex configuration details for multiple issuers, handling the retrieval and validation of appropriate card details based on payment requests, thereby shielding the user from the underlying complexity while enabling easy access to multiple issuer benefits.
4Adaptability or versatility
If the system stores multiple issuer configuration details, then the adaptability to route transactions to different issuers is improved, but the loss of information security increases due to storing sensitive card data
Solution Approach 1:
The patent extracts the storage of sensitive card configuration details from the user's local device and places it in a secure centralized database. This separation allows the system to maintain adaptability for routing transactions to multiple issuers while centralizing security management, reducing the security risk exposure at the user device level.
Solution Approach 2:
The system introduces a secure intermediary database that acts as a trusted mediator between the payment account and issuer networks. This intermediary stores sensitive card configuration details with enhanced security controls, manages the retrieval of appropriate card information based on payment requests, and handles the communication with issuer networks, thereby enabling multi-issuer adaptability while maintaining information security through centralized protection.
Data Source
AI summary
Disclosed herein is a method and system for routing payment transactions of a payment account. After the payment transaction is initiated, a payment server identifies flag information from the payment request indicating a payment account to be multi-configurable. When the payment server identifies that the payment request is from the POS device, the payment server retrieves primary configuration details corresponding to the payment account from a routing service and routes the payment transaction for the payment request to an issuer corresponding to the primary configuration details. Further, when the payment server identifies that the payment request is from a payment gateway, the payment server retrieves a list of names of configuration details corresponding to the payment account from the routing service for selection. Upon selection, the payment server retrieves configuration details corresponding to the selected issuer and routes the payment transaction to the issuer for completing the payment transaction.