One-Click Verified Purchasing System for Streamlined Checkout
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Solution Overview
Problem
Online checkout processes for new and returning customers are cumbersome, requiring multiple steps and discouraging purchases due to the need for account registration and sign-in procedures.
Innovation Solution
The one-click verified purchasing technology allows customers to complete online orders with a single verification action, such as submitting a security code or confirming a push notification, without creating an account, using a communication identifier linked to a payment card stored on file, thereby streamlining the checkout process and reducing fraud through two-factor verification.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If customers create an account and provide payment information during checkout, then the merchant can store payment information for future purchases, but the checkout process becomes complex and time-consuming
Solution Approach 1:
The patent extracts the payment information storage function from the traditional account creation process. Instead of requiring customers to create full accounts with usernames and passwords, the system separates out only the essential payment information (card number, expiration date, CVV) and stores it securely in a payment information database, allowing customers to checkout with just their card details without full account registration.
Solution Approach 2:
The system performs preliminary actions by pre- validating and storing payment information in advance. When a customer enters their card details during checkout, the system immediately validates the information, encrypts it, and stores it in the payment information database with a unique identifier. This preliminary storage action enables subsequent rapid checkouts without re-entering payment details.
2Reliability
If customers provide complete payment and billing information during checkout, then the transaction can be processed securely, but the number of steps required increases and customers may abandon the purchase
Solution Approach 1:
The patent segments the checkout process into distinct functional components: (1) payment information entry and validation, (2) secure storage in payment information database, (3) order processing, and (4) confirmation. This segmentation allows the system to handle complex security requirements in the background while presenting a simplified interface to customers, who only need to provide payment details once.
Solution Approach 2:
The system introduces an intermediary layer - the payment information database - that mediates between the customer's payment details and the order processing system. This intermediary securely stores and manages payment information, performing validation and encryption operations behind the scenes, thereby simplifying the customer's interaction while maintaining high security standards.
3Productivity
If the system stores payment information for future purchases, then returning customers can place orders faster, but new customers face a more complicated initial checkout process
Solution Approach 1:
The system implements self-service by automatically validating, encrypting, and storing payment information without requiring customer intervention beyond the initial entry. The payment information database autonomously manages the stored data, generating unique identifiers and handling subsequent retrieval for future transactions, thereby speeding up the process for returning customers without adding complexity for new ones.
Data Source
AI summary
In some examples, a payment application on a mobile device receives a request from a mobile application on the mobile device to pay for a transaction initiated via the mobile application. The request may be generated in response to receiving a user input to a user interface of the mobile application for selecting the payment application as the payment method for the transaction. Further, based on the user input selecting the payment application as the payment method, the payment application is displayed on a foreground of the mobile device while the mobile application is executed in the background. The payment application sends a payment request to a payment service system to cause the payment service system to identify accounts associated with the user and the merchant, and to initiate a transfer of an amount from the user account to the merchant account as payment for the transaction.