Smart Payment Card Name Verification System
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Solution Overview
Problem
Customers face inconvenience when using multiple payment cards for transactions as they need to locate and present these cards, which can be time-consuming and prone to misplacement.
Innovation Solution
A payment card with processor and memory capabilities for data processing, supporting short-range wireless communication, such as Bluetooth Low Energy, that allows consumers to authorize payments by speaking their name, linking to a server system and a mobile device for verification, preventing unauthorized transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If customers use multiple payment cards for transactions, then payment options increase, but time to locate and present cards increases
Solution Approach 1:
The patent creates a digital copy of the payment card experience through a mobile application that stores payment card information electronically. Instead of physically locating and presenting multiple cards, the system uses a digital representation on a mobile device that can instantly access and transmit payment information, eliminating the time required to search through physical cards while maintaining multiple payment options.
Solution Approach 2:
The patent replaces the mechanical action of physically handling, locating, and presenting payment cards with an electronic system. The mobile application uses software interfaces, wireless communication, and automated data transmission to substitute the manual mechanical process of card selection and presentation, thereby eliminating the time loss associated with physical card management.
2Adaptability or versatility
If customers carry multiple payment cards in different locations, then payment flexibility increases, but ease of operation decreases
Solution Approach 1:
The patent merges multiple payment card functions into a single mobile application. Instead of carrying separate physical cards in different locations (wallet, pocket, bag), the system consolidates all payment card information and functionality into one centralized digital location on the mobile device, making it easy to access all payment options from a single source while maintaining the flexibility to choose among multiple cards.
Solution Approach 2:
The mobile application serves as a universal platform that handles multiple payment card types and functions within a single interface. The system provides multi-functionality by allowing users to store, select, and use various payment cards through one application, eliminating the need to search through different physical locations for different cards while maintaining payment flexibility.
3Reliability
If traditional payment card systems are used, then security through physical card verification is maintained, but convenience decreases
Solution Approach 1:
The patent replaces the mechanical verification process of physically inspecting and validating payment cards with electronic verification methods. The mobile application uses digital authentication, encrypted data transmission, and automated validation processes to maintain security while eliminating the need for physical card handling, thereby improving convenience without compromising security.
Solution Approach 2:
The mobile application acts as an intermediary between the customer and the payment processing system. It provides a secure digital layer that mediates the verification process, using electronic authentication and encrypted communication to maintain security protocols while offering a more convenient user interface than direct physical card handling. This intermediary layer preserves security measures while enhancing ease of operation.
Applied Scientific Principles
This section explains which scientific principles are used to turn an abstract innovation direction into a practical engineering solution.
Function Achieved in This Case
Enables seamless and secure pay-by-name transactions without the need to physically produce payment cards, enhancing convenience and security by verifying consumer identity through linked devices and server systems.
Implementation Method 1
A payment card with processor and memory capabilities for data processing, supporting short-range wireless communication, such as Bluetooth Low Energy
Data Source
AI summary
A technique for providing a pay-by-name payment experience is disclosed. A point-of-sale (POS) system at a store receives information identifying an account with a central server from a payment card using a short-range wireless technology. In response to that, it obtains information regarding the account, including a person's name associated with the account, using the received information. It also accepts a name from a specific consumer in the vicinity. At this point, it determines whether the name accepted from the specific consumer and the name associated with the account are identical. If it determines that the two names are identical, it checks-in the consumer to the store.