Smart Wallet Virtual ID Access for Personalized Client Interactions

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Solution Overview

Problem

Service providers face challenges with outdated customer demographic information due to infrequent updates, and the dynamic nature of user data, such as real-time geolocation, is not effectively utilized for personalized services.

Innovation Solution

A smart wallet system that stores virtual IDs, including mobile driver's licenses, to provide accurate and permanent user information, enabling enhanced business interactions by using this data for personalized services.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If service providers use static demographic information for business purposes, then the information is easy to store and manage, but the information becomes outdated and less useful over time

Engineering Contradiction:
Improveaccuracy of customer informationVSAvoidtime to update customer information
Core Design Contradiction:
ReliabilityVSLoss of time

Solution Approach 1:

The system performs preliminary actions by automatically detecting device movements and triggering location updates before customers need to manually update their information. The smart wallet proactively queries location data and updates demographic information in advance, eliminating the need for manual customer intervention and ensuring information remains current.

Inventive Principle:
Principle #10Preliminary action

Solution Approach 2:

The system enables self-service by automatically updating customer demographic information without requiring manual customer input. The smart wallet autonomously detects location changes, queries updated information, and synchronizes it with service providers, allowing the system to serve itself rather than relying on customers to manually update their data.

Inventive Principle:
Principle #25Self-service

2Reliability

If service providers manually curate customer demographic information, then the information can be kept updated, but the process becomes difficult and time-consuming for large customer bases

Engineering Contradiction:
Improvecurrency of user dataVSAvoidefficiency of information maintenance
Core Design Contradiction:
ReliabilityVSProductivity

Solution Approach 1:

The system performs self-service by automatically detecting device movements, querying location updates, and synchronizing demographic information without human intervention. This automated self-updating mechanism eliminates the need for manual curation while maintaining high data currency across large customer bases, dramatically improving productivity.

Inventive Principle:
Principle #25Self-service

Solution Approach 2:

The system implements feedback loops where the smart wallet continuously monitors device location, detects movements beyond threshold distances, and automatically triggers information updates. This closed-loop feedback mechanism ensures information remains current without manual intervention, maintaining reliability while scaling efficiently to large customer populations.

Inventive Principle:
Principle #23Feedback

3Ease of operation

If personalized advertisements use real-time geolocation data, then user engagement increases, but access to permanent user data is limited

Engineering Contradiction:
Improverelevance of advertisementsVSAvoidaccess to permanent user information
Core Design Contradiction:
Ease of operationVSLoss of information

Solution Approach 1:

The system merges real-time geolocation data with permanent demographic information stored in the smart wallet. By combining these two data types, the system creates a comprehensive user profile that enables both highly relevant real-time advertisements and access to permanent user characteristics, resolving the limitation of using geolocation data in isolation.

Inventive Principle:
Principle #5Merging (Combining)

Solution Approach 2:

The smart wallet acts as an intermediary that bridges real-time location data and permanent user information. It stores and manages both data types, allowing service providers to access permanent demographic data while also incorporating real-time geolocation context, thereby enabling personalized advertisements that leverage both temporary and permanent user information.

Inventive Principle:
Principle #24Intermediary (Mediator)

Data Source

PatentUS20250371580A1Enhancing business interactions using a smart wallet
Publication Date: 2025.12.04 WELLS FARGO BANK NA
  • US20250371580A1 patent drawing
  • US20250371580A1 patent drawing
  • US20250371580A1 patent drawing

AI summary

An example computer system for enhancing device interaction can include: one or more processors; and non-transitory computer-readable storage media encoding instructions which, when executed by the one or more processors, causes the computer system to: receive a virtual identification (ID) by a smart wallet; determine an interaction process to initiate with a client device; query the smart wallet to access user information of the virtual ID based on a determined interaction process; and initiate the interaction process with the client device using the user information of the virtual ID.