Recipient-Created Payment Link for Faster Low-Input Checkout
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Solution Overview
Problem
Existing payment methods require senders to manually input recipient and payment information, which is cumbersome and often leads to delayed payments due to inconvenience, especially for non-technical users.
Innovation Solution
A human-readable payment link is created by the recipient, containing a locator to a payment provider, recipient information, and payment amount, allowing senders to easily access and complete a payment page with minimal input.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If manual input of recipient and payment information is required, then payment security can be maintained, but ease of operation deteriorates and payment time increases
Solution Approach 1:
The recipient pre-fills the payment form with their information and creates a payment link that contains all necessary payment details. This preliminary action eliminates the need for the sender to manually input recipient information, significantly improving ease of operation and reducing payment time while maintaining security through pre-verified payment forms.
Solution Approach 2:
A payment link serves as an intermediary between the recipient and the payment processing system. The link contains encoded payment information and directs the sender to a pre-configured payment form, acting as a mediator that simplifies the payment process without requiring direct manual input of sensitive information.
2Ease of operation
If detailed payment information must be entered manually, then payment accuracy can be maintained, but ease of operation deteriorates for non-technical users
Solution Approach 1:
The recipient pre-composes the entire payment form including all fields and information before generating the payment link. This preliminary preparation simplifies the sender's task to merely clicking a link and entering basic information, dramatically reducing the complexity perceived by non-technical users while maintaining payment accuracy.
Solution Approach 2:
The payment link creates a simplified copy or representation of the complex payment form. Instead of requiring users to navigate and fill out a complex form, the link presents a streamlined interface that replicates the essential payment function with minimal complexity, making it accessible to non-technical users.
3Ease of operation
If traditional payment forms are used, then payment security can be maintained, but ease of operation deteriorates due to cumbersome information entry
Solution Approach 1:
By pre-filling the payment form with recipient information and creating a ready-to-submit payment link, the system eliminates the cumbersome manual entry process. This preliminary action not only improves ease of operation but also ensures payment promptness by reducing the time and effort required for the sender to complete the transaction.
Data Source
AI summary
In one embodiment, an intended recipient of money transmits a payment link created by the recipient to an intended sender of money, where the link contains a locator to a site of a payment provider, information about the recipient (e.g., phone number), and the amount of money to be sent. The link can be sent via email, text, IM, or other means. The sender then accesses the link, such as by clicking or tapping on the link, which launches a checkout or payment page for the sender on the payment provider site. The sender completes the payment page, and the payment is sent to the recipient by the payment provider.