Payment Integration System for Legacy POS Terminals
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Solution Overview
Problem
Traditional point-of-sale systems are limited in accepting various payment methodologies, requiring expensive hardware and software upgrades to accommodate new payment methods, making it impractical for merchants to future-proof their systems.
Innovation Solution
A payment integration system that enables merchants to accept payments from customers' desired payment processing systems, such as APPLE PAY, by converting transactions into coupons or tokens that can be redeemed on legacy POS terminals, without the need for hardware or software upgrades.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If traditional POS systems are used to accept payments, then the system is simple and reliable, but the system cannot accept diverse payment methodologies without expensive hardware upgrades
Solution Approach 1:
A payment integration system acts as an intermediary between the customer's mobile device and the traditional POS terminal. The system converts mobile payment transactions into coupon codes that the legacy POS can process, enabling Apple Pay and other mobile wallets without hardware upgrades
Solution Approach 2:
The system creates a digital copy of the payment transaction in the form of a coupon code. Instead of requiring the POS to directly process mobile payment protocols, it generates a representational coupon that encodes the payment information and can be verified by the existing POS infrastructure
2Adaptability or versatility
If new payment methodologies are added to traditional POS systems, then payment versatility improves, but hardware and software upgrade costs increase
Solution Approach 1:
The payment integration system serves as a cost-effective intermediary layer that translates between mobile payment protocols and traditional POS processing. This eliminates the need for expensive hardware upgrades while maintaining compatibility with existing infrastructure
Solution Approach 2:
The system provides universal compatibility with multiple mobile payment methodologies (Apple Pay, Samsung Pay, Google Pay) through a single integration platform, allowing one POS system to support diverse payment types without individual upgrades for each payment method
3Adaptability or versatility
If mobile payment transactions are processed, then payment versatility improves, but verification complexity increases
Solution Approach 1:
The system simplifies verification by creating a coupon code copy of the mobile payment transaction. The POS terminal only needs to verify the coupon code rather than implementing complex mobile payment verification protocols, reducing the verification burden on legacy systems
Data Source
AI summary
The present disclosure is for a system and a method for disaggregating point-of-sale terminals in coupon or token based transactions wherein buyers may initiate a purchase transaction via a computing device and/or their mobile-wallets and sellers may complete the transaction on their point-of-sale terminals, which may not have digital payment processing capabilities. Unlike traditional coupon or token redemption systems, which require communication from a point-of-sale terminal and a user device (and the related infrastructure required to integrate the two systems), systems and methods of the present enable verification using a single device.