Removable Cartridge Payment Card for Cost Reduction
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Solution Overview
Problem
The increasing cost of payment cards made from expensive materials and equipped with electronic components, such as metal and EMV chips, necessitates frequent replacements due to fraud, leading to economic burdens on users.
Innovation Solution
A payment card design featuring removable cartridges with slots and projections/recesses that allow users to replace electronic components like magnetic strips or EMV chips without replacing the entire card, thereby extending the card's lifespan.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If payment cards are made from expensive materials and include electronic components, then card security and functionality are improved, but card replacement cost increases
Solution Approach 1:
The payment card is divided into two segments: a reusable card body and a replaceable cartridge containing electronic components. This segmentation allows the expensive card body to be retained while only the cheaper cartridge is replaced, resolving the contradiction between maintaining security (through the card body) and reducing replacement costs (by replacing only the cartridge).
Solution Approach 2:
The electronic components (magnetic strip, EMV chip) are extracted from the card body and placed in a separate removable cartridge. This extraction allows the card body to be reused indefinitely while only the cartridge needs replacement, reducing the cost burden of frequent replacements while maintaining security functionality.
2Adaptability or versatility
If electronic components are integrated within the payment card, then card functionality is improved, but replacement complexity increases
Solution Approach 1:
The payment card system is segmented into a permanent card body and a removable cartridge. This segmentation simplifies replacement complexity by allowing users to easily swap cartridges without dealing with integrated components, while still providing full functionality through the cartridge's electronic components.
Solution Approach 2:
The card body is designed as a universal platform that can accommodate different types of cartridges (magnetic strip, EMV chip). This universality maintains functionality across different card types while simplifying replacement, as users can interchange cartridges based on their needs without replacing the entire card.
Data Source
AI summary
Aspects described herein may allow for a payment card assembly including a payment card having a first slot formed in a first surface therein, with the first slot having a bottom surface and pair of opposed side walls. A first cartridge houses electronic components and is removably received in the first slot. One or more first projections are formed on one of the first slot and the first cartridge. One or more first recesses are formed in the other of the first slot and the cartridge, with each first recess receiving a corresponding first projection to releasably retain the first cartridge in the first slot.