Persona Management for Virtual Credit Card Segmentation
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Solution Overview
Problem
Current virtual credit card systems are complex and error-prone, making it difficult for users to manage different card settings and transactions across various aspects of their daily life, and they lack effective compartmentalization to reduce fraud and protect sensitive information.
Innovation Solution
The system combines user identity personas with virtual credit cards to provide a compartmentalized approach for configuration and management, allowing users to create digital identities for different roles and manage virtual cards under these personas, enhancing security and convenience by isolating service interactions and using a Persona Management Application and Persona Services platform.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If virtual credit cards are issued with multiple configuration options and restrictions, then security and fraud protection are improved, but system complexity and ease of operation deteriorate
Solution Approach 1:
The patent segments the user's digital identity into multiple personas, each representing a distinct role or context (e.g., work, personal, travel). Each persona has its own virtual credit card with customized configuration options and restrictions. This segmentation allows users to manage different cards for different purposes without overwhelming complexity, as each persona's card settings are isolated and can be managed independently.
Solution Approach 2:
The patent introduces a persona management application as an intermediary between the user and the virtual card system. This application provides a user-friendly interface for creating, configuring, and managing virtual cards associated with different personas. The intermediary handles the complex configuration options and restrictions, presenting them in a simplified manner to users while maintaining the security and fraud protection features in the background.
2Adaptability or versatility
If multiple virtual cards are created for different roles and scenarios, then adaptability and versatility are improved, but device complexity and management difficulty worsen
Solution Approach 1:
The system divides the user's financial management needs into separate personas, each with its own virtual card configuration. This allows users to create multiple cards for different roles (work, personal, travel) without managing them as a single complex system. Each persona's card settings are independent, making the system more adaptable while reducing management complexity through organization.
Solution Approach 2:
The patent creates a universal persona management framework that can handle multiple virtual cards with different configurations through a single integrated system. The persona management application provides multi-functional capabilities for creating, configuring, and managing cards across different scenarios, eliminating the need for separate management systems for each card type while maintaining high adaptability and versatility.
Data Source
AI summary
A non-transitory computer readable storage medium has instructions executed by a processor to maintain digital identities. Each digital identity has identity attributes different than identity attributes associated with a real individual utilizing the digital identity. Each digital identity has an associated attribute for compartmentalized network activity. Interactions between the digital identities and a virtual card provider are supported to secure virtual cards for the digital identities. Interactions between the digital identities and a persona management application are brokered, including delivering the virtual cards for the digital identities to the persona management application.