QR Code Recurring Payment Collection System
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Solution Overview
Problem
Current online and mobile payment systems, such as Alipay and WeChat Pay, are unable to support the collection of recurring payments from customers using QR code methods, limiting their functionality to one-time transactions.
Innovation Solution
A method and system that extend QR code payment methods to enable recurring payment collection by sending notifications to customers, allowing them to scan QR codes within their digital wallets to authorize and process recurring payments through a payment system, which then facilitates the transfer of funds to the merchant's account.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If current QR code payment methods are used, then one-time transactions can be processed, but recurring payments cannot be collected
Solution Approach 1:
The patent extends the QR code payment system to perform multiple functions: both one-time transactions and recurring payments. The system maintains compatibility with existing QR code infrastructure while adding recurring payment capabilities through enhanced notification mechanisms and payment scheduling functionality, allowing the same QR code infrastructure to serve dual purposes.
Solution Approach 2:
The system introduces dynamic elements to the static QR code payment process by implementing scheduled notifications and time-based payment triggers. The recurring payment system dynamically generates notifications at specified intervals, allowing the payment mechanism to adapt to different billing cycles and timing requirements while maintaining the core QR code scanning interface.
2Adaptability or versatility
If QR code payment system is extended to support recurring payments, then payment versatility improves, but system complexity increases
Solution Approach 1:
The patent segments the recurring payment functionality into distinct modular components: notification generation module, QR code generation module, payment processing module, and confirmation module. This segmentation allows each component to be developed and maintained independently, reducing overall system complexity while enabling recurring payment functionality.
Solution Approach 2:
The system performs preliminary actions by pre-configuring payment schedules, amounts, and notification templates before actual recurring payments are needed. This advance setup reduces the complexity of real-time processing by establishing payment parameters in advance, allowing the system to simply execute pre-defined payment sequences rather than making complex decisions during each transaction.
3Loss of information
If notification system is added for recurring payments, then customer awareness improves, but processing time increases
Solution Approach 1:
The notification system is designed to operate autonomously based on pre-configured schedules and customer preferences. Once the recurring payment parameters are established, the system automatically generates and sends notifications without requiring manual intervention or complex real-time processing, thereby minimizing time loss while ensuring customers are informed.
Data Source
AI summary
Mechanisms are provided to implement a recurring payment collection system for extending current quick response (QR) code payment methods to collect recurring payments from a customer. The recurring payment collection system sends a notification to the customer that a recurring payment is due in response to a recurring payment event occurring. The recurring payment collection system obtains a QR code for the recurring payment in response to the customer acknowledging the notification. The recurring payment collection system utilizes the QR code to request the recurring payment from a payment system. The recurring payment collection system acknowledges that the recurring payment has been made in responsive to the recurring payment being processed by the payment system.