Purchase Data Transmission Analysis System
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Solution Overview
Problem
Current credit card processing systems face challenges in transmitting Level III data, which includes detailed transaction information, due to latency issues and per-line item fees, making it costly for merchants to provide this data, and existing solutions for capturing receipt data are inefficient, especially for longer receipts and lack value without further processing.
Innovation Solution
A system and method for capturing, transmitting, and analyzing purchase data over a network, using a user device and merchant computing system, which includes receiving a bank card transaction authorization stream, retrieving merchant identifier and line item data, and attaching it to a transaction record to create a complete description for customer and merchant interfaces, while also processing image capture requests to ensure full receipt capture and matching with transaction information.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If merchants transmit Level III data (detailed line-item information) in credit card authorization streams, then data completeness and analytical value are improved, but transmission latency increases and per-line item fees are incurred
Solution Approach 1:
The system performs preliminary actions by capturing and storing Level III data at the point of sale before the authorization stream is transmitted. The data is pre-processed and stored in a database, so when the authorization stream arrives, the information is already available and can be quickly matched without adding latency to the transaction processing.
Solution Approach 2:
The patent introduces an intermediary component (data capture and storage system) between the point of sale and the authorization stream processing. This intermediary captures the detailed Level III data separately and stores it, then matches it with the authorization stream later without blocking the original authorization process, thus preserving both data completeness and transaction speed.
2Loss of information
If merchants transmit Level III data with numerous line items, then data detail and utility are improved, but per-line item fees increase transmission cost
Solution Approach 1:
The system creates a copy of the Level III data from the point of sale system and stores it separately in a database. This copy can then be matched with authorization streams without requiring the original detailed data to be re-transmitted through the fee-prone authorization channel, thus preserving data detail while reducing repeated transmission costs.
Solution Approach 2:
The detailed Line item data is captured and stored in advance at the point of sale, before any authorization processing occurs. This preliminary capture eliminates the need to re-transmit the data through costly authorization streams multiple times, reducing per-line item fees while maintaining complete data availability.
3Reliability
If paper receipts are used to capture purchase data, then data capture reliability is improved, but environmental impact increases and processing efficiency decreases
Solution Approach 1:
The patent replaces the mechanical paper receipt system with an electronic data capture system. Point of sale terminals electronically capture transaction data and store it in databases, eliminating the need for physical paper receipts. This substitution maintains data reliability through structured electronic storage while removing environmental harm from paper production and disposal.
Solution Approach 2:
Instead of creating physical paper copies of transaction data, the system creates and stores electronic copies in digital databases. These electronic copies can be reliably retrieved, matched with authorization streams, and used for analysis without requiring any physical paper materials, thus eliminating environmental impact while maintaining data accessibility and reliability.
4Object-affected harmful factors
If image capture is used for receipt processing, then paperless operation is achieved, but capture completeness is insufficient for longer receipts and additional processing is required
Solution Approach 1:
The system performs preliminary electronic capture of complete transaction data at the point of sale, including all line items and details, before any customer action is required. This preliminary capture ensures completeness for receipts of any length, eliminating the need for customers to manually image or photograph receipts, thus achieving both paperless operation and complete data capture.
Data Source
AI summary
A system may perform steps such as receiving a bank card transaction authorization stream including a URL originating from the merchant computing system, the URL received in a discretionary field in the authorization stream for a bank card purchase. The system further perform the step of retrieving information at a location referenced by the URL, wherein the information includes at least a merchant identifier and line item data related to a purchase. The system may additionally attaching the retrieved data to the transaction to create a complete description of the transaction analyze the complete description of the transaction for creating at least one customer interface for the customer and at least one merchant interface for the merchant based on the analysis.