Payment Network Server Mediating Transaction Offers
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Customers often miss out on offers from merchants because they do not possess specific transaction cards or e-wallets on which the offers are applicable, limiting their ability to avail benefits during purchases.
Innovation Solution
A method and system that allows users to select and utilize payment modes associated with other users for making purchases, enabling them to receive offers even if they do not possess the specific payment mode required by the merchant, through a payment network server that identifies relevant payment options and facilitates transactions by charging the associated user's payment mode with an offer amount.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If offers are applicable only on specific transaction cards or e-wallets, then the merchant can provide targeted incentives, but the customer cannot avail the offer if they do not possess the specific payment mode
Solution Approach 1:
The patent introduces a payment network server as an intermediary that mediates between the customer's payment modes and the merchant's offer requirements. The server enables indirect use of payment modes by allowing customers to borrow or use alternative payment methods from the network, thus resolving the contradiction between offer specificity and customer accessibility without requiring customers to possess every possible payment mode
Solution Approach 2:
The payment network server provides multi-functional capability by supporting multiple payment modes (credit cards, debit cards, e-wallets) within a single system. This allows the system to adapt to different offer requirements while presenting a unified interface to customers, eliminating the need for customers to manage multiple separate payment systems
2Ease of operation
If a customer possesses only one transaction card or e-wallet, then the customer has simple payment management, but the customer misses out on offers applicable to other payment modes
Solution Approach 1:
The payment network server acts as a mediator that expands the customer's payment capabilities without requiring the customer to manually manage multiple payment modes. The server handles the complexity of accessing different payment modes in the background, maintaining operational simplicity for the customer while enabling access to diverse offers
Solution Approach 2:
The system performs preliminary actions by pre-configuring multiple payment modes and their associated offers in the payment network server. When a customer makes a purchase, the system has already prepared the necessary payment options and offer matching, eliminating the need for customers to proactively manage multiple payment modes while ensuring they don't miss out on applicable offers
Data Source
AI summary
A method for facilitating transactions is provided. Various users register their payment modes to avail a payment mode interchange service offered by a server for online purchases. During registration, the users specify corresponding offer amounts in exchange for allowing purchases of other users to be performed by using their payment modes. When an offer on a purchase is not applicable on a payment mode of a first user, the first user is recommended by the server to make the purchase by using a payment mode of a second user on which the offer is applicable. The payment mode of the second user is charged with a purchase amount of the purchase and the offer amount specified by the second user is billed on the payment mode of the first user. The second user receives the offer amount and the first user receives an incentive associated with the offer.