Preauthorized Payment System for Retail Checkout Optimization
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Solution Overview
Problem
Current retail checkout processes require customers to repeatedly present payment methods and authorize transactions at multiple points of sale within a business, leading to increased checkout times and customer queues.
Innovation Solution
A method for configuring a graphical user interface on an electronic display device that allows preauthorized payment by receiving identification information, computing a preauthorized limit, and verifying the cost of products or services against this limit, enabling customers to approve transactions with a single command at the end of their shopping experience.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If customers present payment methods and authorize transactions at multiple points of sale, then payment security is maintained, but checkout time increases and customer queues form
Solution Approach 1:
The system performs preliminary actions by pre-authorizing a payment limit for the customer at the beginning of their shopping experience. This pre-authorization establishes a verified payment method and credit limit before the customer actually shops, eliminating the need for repeated authorization at each point of sale while maintaining security through the pre-set limit.
2Adaptability or versatility
If customers pay at multiple point of sale terminals, then purchases from different departments are covered, but the number of authorization steps increases
Solution Approach 1:
The pre-authorized payment limit creates a universal payment authorization that works across multiple point of sale terminals and different departments within the business. Instead of requiring separate authorization for each terminal or department, the single pre-established limit provides universal coverage for all purchases made during the shopping experience.
3Reliability
If traditional checkout processes are used, then each transaction is individually authorized, but customer wait time increases
Solution Approach 1:
The system merges multiple individual transaction authorizations into a single pre-authorization event. Instead of requiring separate authorization for each transaction at different points of sale, the customer receives one pre-established payment limit that covers all transactions, effectively combining multiple authorization steps into one.
Data Source
AI summary
Provided herein are methodologies, systems, apparatus, and non-transitory computer-readable media for configuring a graphical user interface of an electronic display device for enabling preauthorized payment of products or services using distributed processing. A customer may interact with a kiosk or terminal to identify themselves and initiate the process for dynamically computing an active preauthorization limit. Items may then be added to the customer's balance at various point of sale terminals or scanning locations within the facility. Total cost of the items is compared to the active preauthorization limit. Once the customer is finished shopping, a GUI can present them with an authorization screen showing their shopping balance and requesting authorization. The user can interact with the GUI to approve the total via the GUI without the need to produce their card or payment method at checkout.