Smart Card with Integrated Camera for Autonomous Payment Execution
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Solution Overview
Problem
Conventional payment instruments require external devices for transaction execution, leading to inefficiency and increased security risks during digital transactions, particularly for bill payments which involve multiple steps.
Innovation Solution
A smart card equipped with a microprocessor, camera, power source, wireless communication element, and non-transitory memory, capable of capturing images of objects to determine service categories, identifying service providers, and executing payments autonomously via wireless communication.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If conventional payment instruments are used, then transactions can be executed, but external devices are required which increases security risks and reduces efficiency
Solution Approach 1:
The smart card is equipped with autonomous capabilities including image capture through integrated camera, object recognition through machine learning models, service category determination, and direct wireless payment execution. The card serves itself by capturing images of objects, processing them locally to identify service categories, and completing transactions without requiring external device assistance, thereby eliminating security risks associated with external devices while maintaining operational convenience
2Productivity
If conventional payment instruments are used, then transactions can be executed, but multiple manual steps are required which reduces efficiency
Solution Approach 1:
The smart card performs preliminary actions by capturing images of objects and pre-processing them through integrated machine learning models to determine service categories before the transaction is actually executed. The card also pre-identifies service providers and prepares payment information, so that when the transaction is initiated, all necessary information is already processed and ready, eliminating the need for multiple manual steps and significantly improving execution efficiency
3Reliability
If conventional payment instruments are used, then transactions can be executed, but external devices increase exposure to security risks
Solution Approach 1:
The patent extracts the essential transaction execution capability from external devices and embeds it directly into the smart card. The card includes integrated components for image capture, machine learning processing, service category determination, and wireless payment execution. By taking out these critical functions from external devices and incorporating them into the card itself, the system eliminates the security vulnerabilities associated with using external devices while maintaining full transactional capability
Data Source
AI summary
Systems and methods for secure and efficient transaction resolution and execution are provided. A method may include capturing, via a camera embedded in a smart card, an image of an object. The object may be associated with one of a plurality of service categories. The method may include processing the image and determining the service category, from the plurality of service categories, which is associated with the object. The method may also include determining a service provider that provides the service of the service category for a user associated with the smart card, and determining a monetary balance owed by the user to the service provider for the service. The method may also include executing a payment, via a wireless communication element that is embedded in the smart card, in the amount of the monetary balance, from an account associated with the user to the service provider.