Interoperability Computer for QR Code Transaction Translation
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Solution Overview
Problem
Current QR code payment systems face challenges in supporting both push-type and pull-type transactions across different markets and jurisdictions due to compatibility issues with various payment systems and regulatory requirements, which limits their use in foreign countries and restricts merchant acceptance of digital payments.
Innovation Solution
A QR code payment system and method that facilitates both push-type and pull-type transactions, agnostic to merchant and issuer financial institution requirements, using a system that includes a wallet server, merchant platform, and interoperability computer to translate transactions into acceptable forms, ensuring compliance with market and regulatory requirements without the need for new infrastructure.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Speed
If push-type QR code transactions are implemented, then transaction speed and convenience are improved, but compatibility with regulatory requirements and downstream processing reliability deteriorate
Solution Approach 1:
The patent introduces an intermediary processing layer that receives push-type transaction requests and converts them into pull-type transaction formats. This mediator system translates the fast but incompatible push transaction model into the slower but more reliable pull transaction model that satisfies regulatory requirements and ensures proper downstream processing.
2Adaptability or versatility
If proprietary systems are used for push-type QR code transactions, then transaction compatibility within that system is improved, but adaptability to different markets and jurisdictions deteriorates
Solution Approach 1:
The patent creates a universal transaction processing system that can handle both push-type and pull-type transactions through a single platform. The system automatically selects the appropriate transaction type based on market requirements, eliminating the need for separate proprietary systems in different jurisdictions while maintaining full functionality.
3Ease of operation
If QR code payment systems are designed for specific jurisdictions, then compliance with local regulations is improved, but ease of operation across different countries deteriorates
Solution Approach 1:
The patent implements a dynamic system that automatically adapts its transaction processing mode based on the jurisdiction being accessed. When a user initiates a transaction, the system dynamically determines the appropriate transaction type (push or pull) based on the target market's regulatory requirements, providing seamless cross-border operation without manual configuration.
Data Source
AI summary
Systems and methods for QR code purchase transaction processing. In an embodiment, an interoperability computer system receives a push-type QR code payment request, validates the push-type QR code payment request, obtains local regulations governing QR code purchase transactions and at least one of a routing configuration for an originating institution (OI) and a routing configuration for a receiving institution (RI). The process also includes determining, by the interoperability computer system, that one of the OI or the RI is not configured for push-type purchase transactions or that local regulations do not permit push-type transactions, generating a pull-type QR code purchase transaction request, and transmitting the pull-type QR code purchase transaction request to a payment network.