Modular Payment Device Chip Replacement
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Solution Overview
Problem
Conventional payment devices face challenges in protecting against fraudulent transactions, as they often require replacement of the entire device when a payment chip is compromised, leaving users without functionality during the transition period.
Innovation Solution
A payment device design that allows for the replacement of only the contactless payment chip within a multi-tool apparatus or similar form-factors, enabling users to swap out the compromised chip without replacing the entire device, utilizing a payment chip receptacle and printed circuits for wireless communication.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If the entire payment device is replaced when the payment chip is compromised, then security is improved, but loss of time and device complexity increase
Solution Approach 1:
The payment device is divided into separable components: a reusable body and a replaceable payment chip assembly. The payment chip can be independently removed and replaced without replacing the entire device, allowing users to quickly swap chips when compromised while maintaining device functionality.
Solution Approach 2:
The payment chip is extracted as a separate, removable component from the payment device. This allows the compromised chip to be removed and replaced independently, minimizing downtime and avoiding the need to replace the entire device when security breaches occur.
2Reliability
If the entire payment device is replaced when the payment chip is compromised, then security is improved, but device complexity increases
Solution Approach 1:
The payment device is segmented into a permanent body and a replaceable payment chip assembly with standardized interfaces. This modular design simplifies the replacement process and reduces the complexity burden on users during security incidents.
3Ease of operation
If contactless payment chips are implemented, then ease of operation is improved, but loss of time during chip replacement increases
Solution Approach 1:
The contactless payment chip is integrated into a removable assembly that can be quickly swapped out. The standardized interface and separate assembly allow for rapid replacement of compromised chips while maintaining the contactless payment functionality.
Applied Scientific Principles
This section explains which scientific principles are used to turn an abstract innovation direction into a practical engineering solution.
Function Achieved in This Case
Enables secure and efficient replacement of compromised payment chips, maintaining device functionality without the need for full device replacement, thereby reducing downtime and enhancing security against fraudulent transactions.
Implementation Method 1
The wireless connection is one of radio frequency identification (RFID), near field communication (NFC), or Bluetooth
Implementation Method 2
The wireless connection is one of radio frequency identification (RFID), near field communication (NFC), or Bluetooth
Data Source
AI summary
An apparatus is disclosed herein. The apparatus includes a first liner, a second liner, one or more fastening components, and one or more prongs. The one or more fastening components couples the first liner to the second liner, defining an opening between. The one or more prongs are positionable between a closed position within the opening and an open position exterior to the opening. The one or more prongs include a payment prong. The payment prong includes a body free, a payment chip receptacle, and a payment chip. The body is free from any personal identification information. The payment chip receptacle is attached to the body. The payment chip is positioned in the payment chip receptacle. The payment chip is removable therefrom.