Point-of-Sale Energy Payment Interface for Direct Power Transfer
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Solution Overview
Problem
Conventional payment systems are not capable of processing direct electrical energy transfer transactions between merchants and cardholders, limiting the ability to exchange electrical energy for goods or services.
Innovation Solution
A system and method that enables a point-of-sale terminal to facilitate direct electrical energy transfer transactions by using a wireless power/communication interface, energy storage device, and processors to manage electrical energy transactions, including receiving a transaction request, determining the energy amount, and storing it in an energy storage device.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If conventional payment systems are used, then monetary transactions can be processed, but direct electrical energy transfer transactions cannot be processed
Solution Approach 1:
The payment processing system is designed to handle multiple types of transactions including both monetary payments and direct electrical energy transfers. The system can process different payment methods (cash, credit, debit, and energy-based payments) through a unified processing architecture, allowing merchants and cardholders to choose from various payment options while maintaining reliable transaction processing for each type.
Solution Approach 2:
The system changes the parameter of payment medium from traditional currency to electrical energy. By modifying the transaction type parameter and implementing energy-based payment protocols, the system enables direct electrical energy transfer transactions while maintaining the core payment processing functionality. This parameter change allows the system to adapt to new payment forms without compromising existing transaction reliability.
2Adaptability or versatility
If direct electrical energy transfer functionality is added to payment systems, then energy payment capability is improved, but system complexity increases
Solution Approach 1:
The system introduces an intermediary energy transfer interface that bridges the payment processing system and the electrical energy transfer mechanism. This intermediary layer handles the conversion and coordination between monetary transaction protocols and physical energy transfer, allowing the core payment system to remain relatively simple while still enabling complex energy-based transactions through the mediating interface.
Solution Approach 2:
The payment processing system is segmented into distinct functional modules: transaction request handling, payment type identification, energy transfer coordination, and completion processing. By dividing the system into separate functional segments, each handling a specific aspect of energy transfer transactions, the overall system complexity is managed while maintaining versatile energy payment capability.
3Productivity
If conventional payment processing is used, then transaction speed is maintained, but energy transfer integration slows down processing
Solution Approach 1:
The system performs preliminary actions by pre-authorizing energy transfer transactions and preparing the energy transfer interface before the actual payment is executed. Transaction parameters are validated and energy availability is confirmed in advance, which streamlines the actual energy transfer process and minimizes delays during the critical payment moment, thereby maintaining high transaction throughput.
Solution Approach 2:
The payment processing system maintains continuous operation by handling energy transfer transactions without interrupting the normal payment processing flow. Multiple transaction types are processed in a continuous stream, with energy transfer transactions integrated seamlessly into the existing processing pipeline, ensuring that transaction throughput remains high and no significant time loss occurs due to the addition of energy transfer functionality.
Applied Scientific Principles
This section explains which scientific principles are used to turn an abstract innovation direction into a practical engineering solution.
Function Achieved in This Case
Enables direct electrical energy transfer transactions, allowing consumers to pay with electrical energy, enhancing transaction flexibility and efficiency.
Implementation Method 1
a wireless power/communication interface... to receive, via the wireless power/communication interface, an amount of electrical energy from the cardholder device
Data Source
AI summary
A system/method includes a processor configured to receive a transaction request from a cardholder device and determine that the transaction request corresponds to a direct electrical energy transfer transaction. The processor transmits a transaction cost to the cardholder device, including a cash currency value and an electrical energy amount equivalent to the cash currency value. The processor receives payment data from the cardholder device, transmits an authorization request to a payment network for approval, and receives a payment authorization request response from the payment network approving the transaction. The processor receives an amount of electrical energy from the cardholder device. The processor then determines the amount of electrical energy received from the cardholder device and conducts the transaction using payment with electrical energy based on the amount of electrical energy received.