Smart Card Image Capture for Secure Payment Execution
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Solution Overview
Problem
Conventional payment instruments require external devices for transaction execution, which is inconvenient and exposes transactions to security risks, and lack the ability to conduct transactions based on a pictorial rendition of a location without prior knowledge of the entity's account information.
Innovation Solution
A smart card with a microprocessor, camera, and wireless communication element that captures and processes images of physical locations to identify associated entities and execute transactions via a payment gateway, utilizing AI for information retrieval and payment routing, and includes a tactile sensor for authorization.
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 reduces security and convenience
Solution Approach 1:
The patent combines multiple functions (payment processing, image capture, image processing, and communication) into a single payment instrument. The payment instrument includes a payment processor, a camera, an image information processing module, and a communication module, all integrated within one device. This merging eliminates the need for external devices like smartphones or computers, allowing users to simply point the integrated camera at a location to execute transactions, thereby improving both security and convenience.
2Productivity
If conventional payment instruments are used, then transactions can be executed, but the process requires multiple steps including extracting payee information which reduces efficiency
Solution Approach 1:
The payment instrument performs preliminary actions by automatically capturing images and processing image information to identify payee details before the transaction is initiated. The image information processing module extracts payee information from captured images in advance, so when the user points the camera at a location, the transaction can be executed immediately without manual information extraction steps, significantly reducing transaction time and improving efficiency.
3Adaptability or versatility
If conventional payment instruments are used, then transactions can be executed, but the instrument lacks self-contained architecture requiring external devices which increases device complexity
Solution Approach 1:
The payment instrument is designed as a universal multi-functional device that can perform payment processing, capture images, process image information to identify locations and payees, and communicate with external systems. This multi-functionality allows the single device to replace multiple external devices (smartphone, camera, computer), making the system self-contained while managing complexity through integrated design where all components work together within one instrument.
Data Source
AI summary
A smart card with secure and efficient image capture and analysis is provided. The card may include a non-transitory memory embedded in the housing storing computer-executable instructions. The instructions, when run on the microprocessor, are configured to capture, via the camera, an image of a building (or other suitable image), process the image via an image processing module, determine, based at least in part on the processing of the image, a payment amount and a payment recipient associated with the building. The smart card may also display payment information on the display screen. The payment information may include the payment amount and/or the payment recipient. When authorization is received via a tactile sensor, the card may execute a payment or other communication, over a payment gateway from an account associated with a user of the platform to an account associated with the payment recipient.