Merchant POS Digital Wallet Access System
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Solution Overview
Problem
Customers without personal electronic devices cannot access their digital wallet information for transactions, limiting their ability to make payments.
Innovation Solution
A system that allows users to access digital wallet information using a merchant point-of-sale (POS) device, which communicates with a payment provider server and payment processor, enabling users to select digital wallet payment options and authenticate to access their digital wallet accounts for transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If customers use personal electronic devices to access digital wallet information, then they can participate in digital payment transactions, but customers without personal electronic devices are unable to access their digital wallet information
Solution Approach 1:
The patent introduces a merchant point-of-sale device as an intermediary that enables customers to access their digital wallet information without requiring personal electronic devices. The POS device acts as a mediator between the customer and the digital wallet system, allowing customers to initiate transactions and access wallet information through the merchant's device rather than requiring their own mobile device.
Solution Approach 2:
The patent makes the merchant's point-of-sale device multi-functional by enabling it not only to process payments but also to serve as a universal access point for any customer's digital wallet information. This allows the POS device to function as both a payment terminal and a digital wallet interface, eliminating the need for customers to have their own electronic devices.
2Adaptability or versatility
If a system allows access to digital wallet information using a merchant POS device, then customers without personal electronic devices can access their digital wallet information, but the system complexity increases due to communication requirements between POS device, payment provider server, and payment processor
Solution Approach 1:
The patent implements preliminary action by having the merchant's POS device establish communication channels with the payment provider server and payment processor in advance. The system pre-configures the necessary communication infrastructure and authentication mechanisms before a customer needs to access their digital wallet, so that when access is required, the pathway is already established and ready for use.
Data Source
AI summary
A system is configured to perform operations that include receiving an input corresponding to a transaction by a user at a merchant location and determining, based on the input, an identifier corresponding to the user. The operations also include authenticating, via an electronic network, the user with a payment provider server of a payment provider and accessing from the payment provider server based on the identifier, digital wallet information corresponding an account of the user that is maintained by the payment provider. The operations further include receiving a selection of a first digital payment instrument of one or more digital payment instruments and transmitting, via a payment network to a payment processor, payment instructions that cause the payment processor to process a payment corresponding to the transaction using first payment information associated with the first digital payment instrument.