Transaction File Splitting for Multi-Purse Card Management
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Solution Overview
Problem
Conventional debit card platforms require multiple cards for different accounts, such as health savings and reimbursement accounts, due to their reliance on a single file feed for all transactions, burdening users with carrying multiple cards.
Innovation Solution
A system and method for distributing transaction files among accounts corresponding to a physical card, involving a server computing device that receives a transaction file, identifies purse segments, extracts and stores transaction data, and transmits it to an account processing system, allowing multiple accounts to be linked to a single card for easier payment processing.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Device complexity
If a single file feed is used for all transactions, then the system structure is simple, but users must carry multiple cards for different accounts
Solution Approach 1:
The patent segments the single transaction file into multiple purse segments, where each segment corresponds to a specific account type (health savings, reimbursement, etc.). This allows the system to process multiple accounts through a single card while maintaining the simplicity of the file feed structure.
Solution Approach 2:
The patent implements a universal card system where a single physical card can access multiple account types. The card is designed to be multi-functional, allowing users to perform transactions across different account categories without needing separate cards for each account.
2Ease of operation
If multiple cards are issued for different accounts, then each account can be accessed independently, but users are burdened with carrying multiple cards
Solution Approach 1:
The patent merges multiple account functionalities into a single physical card. The card contains or is associated with multiple purses, allowing users to access health savings accounts, reimbursement accounts, and other account types through one card rather than carrying separate cards for each account.
Solution Approach 2:
The card is designed as a universal access tool that can interact with multiple account types. The system allows the single card to perform transactions across different account categories by routing transactions to the appropriate purse based on the transaction type.
3Adaptability or versatility
If transaction files are not segmented by account, then processing is simpler, but multiple accounts cannot be supported on a single card
Solution Approach 1:
The patent introduces segmentation of the transaction file into distinct purse segments, where each segment is tagged with information identifying the corresponding account type. This segmentation enables the system to support multiple accounts on a single card while maintaining relatively simple processing through automated routing based on segment identifiers.
Solution Approach 2:
The patent introduces an intermediary processing layer that receives the transaction file, segments it into purse-specific portions, and routes each segment to the appropriate account. This intermediary process enables multi-account support without requiring complex changes to the underlying card or transaction infrastructure.
Data Source
AI summary
Systems and methods for distributing transaction files among accounts corresponding to a physical card. The method includes receiving a transaction file from a transaction processing entity. The transaction file is associated with a physical card. The method also includes identifying at least one purse segment in the transaction file. Each purse segment corresponds to a transaction associated with the physical card. The method further includes, for each of the at least one purse segments, identifying a purse ID corresponding to at least one account associated with the physical card and extracting transaction data from the transaction file corresponding to the purse ID. The method also includes, for each of the at least one purse segments, storing the transaction data corresponding to the purse ID into a distribution file and transmitting the distribution file to an account processing system.