Syndicated Balance Indicator for Secure E-Commerce Transactions
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Solution Overview
Problem
Consumers face inconvenience when trying to check their available funds for electronic payments, as they need to access separate systems or websites, which can be inconvenient and insecure, especially when making purchases on mobile devices.
Innovation Solution
A method and system for secure syndicated balance display, where financial accounts are designated for balance monitoring, and a unique balance indicator image or symbol is associated with each balance increment, allowing users to visualize their balance within the purchase interface without exposing actual balance data, ensuring privacy and security.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If consumers access separate systems or websites to check their account balances, then they can obtain accurate balance information, but the process becomes inconvenient and time-consuming
Solution Approach 1:
The patent combines the balance checking function with the purchase interface by displaying balance indicator images directly on the e-commerce website. This merging eliminates the need for consumers to visit separate banking websites or systems to check balances, allowing them to view balance information contextualized within the shopping experience without leaving the purchase interface.
Solution Approach 2:
The patent introduces balance indicator images as an intermediary visual representation between the actual balance data and the consumer. These indicator images serve as a mediator that conveys balance information without requiring direct access to or display of the actual balance numbers, thus providing accurate balance information while maintaining security and convenience.
2Loss of information
If consumers access separate websites or systems to check balances, then they can view their account information, but security and privacy risks increase
Solution Approach 1:
The patent uses visual copies or representations of balance information in the form of indicator images rather than displaying the actual balance data. These visual copies convey the necessary balance information for purchase decisions while avoiding the exposure of sensitive numerical data, thus reducing security and privacy risks associated with transmitting and displaying actual balance information.
Solution Approach 2:
The balance indicator images function as an intermediary layer between the financial institution's actual balance data and the consumer's viewing interface. This intermediary representation allows consumers to access balance information securely without exposing sensitive data to potential threats, as the indicators are visual abstractions rather than direct data transmissions.
3Ease of operation
If actual balance amounts are displayed directly to users, then consumers can make informed purchase decisions, but privacy and security are compromised
Solution Approach 1:
The patent employs visual indicators that can change their appearance or characteristics to represent different balance states. These visual changes provide consumers with intuitive information about their balance levels for purchase decisions while maintaining privacy, as the visual representations convey sufficient information without exposing the actual numerical balance amounts.
Data Source
AI summary
One or more financial accounts associated with a user are designated for balance monitoring and balance display. Balance increments are then defined and a unique balance indicator image, symbol, or display, is associated with each defined balance increment. One or more websites, and/or applications, are then designated to display the balance indicator images, symbols, or displays, and whenever one of the designated websites or applications is accessed, data indicating a current balance in the designated one or more financial accounts is obtained. The current balance amount is then encoded using the appropriate balance indicator image, symbol, or display, and the appropriate balance indicator image, symbol, or display, is displayed on a display device associated with the user computing system as part of, on, in, or through, the accessed designated website or application.