Portable Device Loading Across Open- and Closed-Loop Accounts
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Solution Overview
Problem
Users face challenges in managing multiple accounts across portable devices, particularly in closed-loop systems, which require cumbersome and insecure processes for balance updates, and are prone to fraud.
Innovation Solution
A portable device integrating a transaction module for open-loop systems and a disbursement module for closed-loop systems, enabling seamless balance updates through a client device that communicates with an authorization entity to authorize and execute balance changes.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Quantity of substance
If multiple accounts are combined on a single portable device, then the total number of portable devices is reduced, but the accounts are incapable of interacting with each other
Solution Approach 1:
The patent segments the account system into two functional modules: a transaction module for open-loop systems and a disbursement module for closed-loop systems. This segmentation allows each module to operate independently while being integrated on the same portable device, enabling account interactions that would otherwise require separate devices.
Solution Approach 2:
The portable device is designed with multi-functionality by incorporating both transaction module and disbursement module capabilities. This universal design allows a single device to handle multiple types of accounts and transaction systems, resolving the contradiction between device consolidation and account interaction capability.
2Reliability
If a closed-loop system uses conventional loading processes, then account balance updates can be conducted, but the process requires multiple steps and various locations
Solution Approach 1:
The patent merges the authorization process and balance update process into a single integrated operation. The disbursement module can update account balances directly without requiring separate presentation to access devices at different locations, consolidating multiple steps into one seamless process.
Solution Approach 2:
The disbursement module enables self-service balance updates by allowing the portable device to conduct transactions and update its own account balance without requiring intervention from external access devices or multiple processing steps, thereby simplifying the conventional complex loading process.
3Reliability
If a conventional closed-loop system requires presentation to access devices for balance updates, then account security is maintained, but systems with limited or inaccessible access devices become problematic
Solution Approach 1:
The disbursement module acts as an intermediary between the portable device and the closed-loop system. It enables balance updates to occur through the transaction module without requiring direct presentation to traditional access devices, thereby maintaining security while improving accessibility for systems with limited or inaccessible access devices.
4Adaptability or versatility
If a portable device integrates both transaction module and disbursement module, then account interaction is enabled, but the device complexity increases
Solution Approach 1:
The patent implements a nested structure where the disbursement module and transaction module are integrated within the same portable device architecture. The modules are nested in such a way that they can operate independently while sharing common device resources, thereby enabling account interaction without proportionally increasing overall device complexity.
Data Source
AI summary
Described herein are a system and techniques for updating balance information for a disbursement module on a portable device using a transaction module on that same portable device. In some embodiments, each of the transaction module and the disbursement module may be associated with a different transaction processing system. A client device may be used to interact with the transaction module of the portable device via a communication element. In some embodiments, the client device may be configured to receive an account identifier from the transaction module, generate and transmit an authorization request message to an authorization entity, and upon receiving authorization from the authorization entity, cause the transaction module on the portable device to update a balance associated with the disbursement module.