POS-Payment Terminal Pairing for Secure Anonymized Analytics
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
There is a need for a system that enables intuitive, efficient, and secure pairing and collaboration between a merchant POS device and a payment card reader terminal, allowing merchants to customize their POS systems without compromising payment security and functionality.
Innovation Solution
A system architecture that includes a merchant POS device, a payment reader terminal, a checkout service server, and a financial entity server, utilizing an application programming interface (API) to facilitate communication and secure data transfer between these components, enabling authorized pairing and processing of transactions through a checkout service.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If a merchant uses a separate payment terminal device to offload receipt of customer personal data, then payment security is improved and risk of data breach is reduced, but device complexity increases and requires additional pairing infrastructure
Solution Approach 1:
The patent introduces a server as an intermediary that manages pairing between merchant POS devices and payment terminal devices. The server stores pairing information and facilitates authentication, allowing the payment terminal to securely receive customer data without requiring complex direct communication protocols between the POS and terminal devices. This mediator approach enhances security while managing system complexity centrally.
2Adaptability or versatility
If a merchant uses a separate payment terminal device, then customization freedom of POS device is improved, but ease of operation deteriorates due to pairing requirements
Solution Approach 1:
The patent implements self-service pairing mechanisms where the merchant POS device and payment terminal device can automatically authenticate each other through QR code scanning or proximity-based communication. The server facilitates this by providing pairing tokens or credentials that enable automatic authentication without manual configuration, allowing merchants to customize their POS systems while maintaining ease of operation through automated pairing processes.
3Reliability
If payment card information is transmitted through a server, then security is improved through centralized control, but loss of time increases due to additional communication steps
Solution Approach 1:
The patent implements preliminary authentication and pairing procedures that are completed before actual payment transactions. During the initial pairing phase, security credentials, encryption keys, and communication protocols are established and stored on the server. This preliminary setup allows subsequent payment transactions to proceed with minimal server communication, reducing transaction processing time while maintaining centralized security control.
Data Source
AI summary
Systems and methods for generating anonymized analytics data are disclosed. In some examples, a system facilitates a plurality of transactions using device(s), such as a point of sale (POS) terminal paired with a reader device. In some examples, at least some of the plurality of transactions are facilitated using payment instrument information read using the reader device. The system processes and anonymizes transaction data associated with the plurality of transactions to generate anonymized analytics data associated with the plurality of transactions. The anonymized analytics data identifies at least one pattern associated with the plurality of transactions. The payment instrument information is omitted from the anonymized analytics data. The system outputs the anonymized analytics data.