Real-time Transaction Receipt Processing System
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Solution Overview
Problem
Existing receipt processing systems are arduous, error-prone, environmentally impactful, and lack user control over receipt preferences, leading to inefficiencies and user dissatisfaction.
Innovation Solution
A system that allows users to define receipt policies in real-time, determining whether to receive receipts based on transaction type, location, and amount, and communicates this policy to merchants through a network of devices and servers, enabling real-time authorization and receipt flag management.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If paper transaction receipts are generated and distributed to users, then users have physical proof of transactions, but users face difficulties in reviewing, tracking, and storing these receipts while also causing environmental harm
Solution Approach 1:
The patent replaces the mechanical paper-based receipt system with an electronic receipt delivery system. Instead of physically printing and distributing paper receipts, the system electronically transmits receipt data to users' mobile devices or email addresses, eliminating the need for paper production, distribution, and physical storage while maintaining reliable transaction proof through digital records.
Solution Approach 2:
The patent creates digital copies of transaction receipts that can be easily stored, searched, and accessed electronically. Instead of relying on physical paper copies that are prone to loss and difficult to manage, the system generates electronic replicas of receipt information that can be efficiently copied, stored in databases, and retrieved on demand through user interfaces.
2Loss of information
If paper receipts are provided for all transactions, then users have complete transaction records, but users spend excessive time reviewing and managing these receipts
Solution Approach 1:
The patent implements a feedback mechanism where the system proactively pushes receipt notifications to users based on their preferences and transaction patterns. Instead of requiring users to manually review all receipts, the system provides targeted feedback by notifying users only of relevant transactions, allowing users to quickly scan and review only the receipts they need to examine while maintaining complete transaction records in the background.
Solution Approach 2:
The patent performs preliminary organization and categorization of receipts before presenting them to users. The system pre-sorts transactions by merchant, date, amount, or user-defined categories, and pre-prepares summary views that highlight important information. This preliminary action eliminates the need for users to manually organize and search through receipts, significantly reducing review time while preserving complete transaction records.
3Reliability
If users receive paper receipts for every transaction, then users have proof of all purchases, but users risk misplacing or losing these physical receipts
Solution Approach 1:
The patent replaces the physical paper receipt system with an electronic storage and retrieval system. Instead of relying on users to physically hold and protect paper receipts, the system stores digital copies in secure databases and provides easy access through mobile applications or web portals. This substitution eliminates the risks of misplacement and loss associated with physical paper while maintaining reliable receipt availability through electronic access.
Solution Approach 2:
The patent creates and maintains digital copies of all transaction receipts in centralized databases. These electronic copies serve as permanent, loss-proof records that can be instantly retrieved and viewed by users at any time. The system generates and stores multiple digital replicas of receipt information, ensuring that users always have access to their transaction proofs without the risk of physical damage or loss.
4Object-affected harmful factors
If the system provides electronic receipt options, then environmental impact is reduced and receipt management is easier, but users lose control over when and how they receive receipts
Solution Approach 1:
The patent implements a dynamic receipt delivery system that adapts to user preferences and transaction contexts. Instead of providing static, one-size-fits-all receipt delivery, the system allows users to dynamically configure their receipt preferences by merchant category, transaction amount, location, or frequency. The system then dynamically adjusts receipt delivery methods and timing based on these preferences, providing electronic receipts only when desired by the user while maintaining environmental benefits by eliminating unnecessary paper receipt generation.
Data Source
AI summary
A transaction processing system for preforming one or more steps of a method is disclosed. The system may receive user receipt preferences including rules specifying whether or not a user wants a receipt. The system may also receive (i) a purchase authorization request associated with an attempted purchase and (ii) user device location data. The system may further set a receipt flag corresponding to the receipt status. If the system determines that the transaction is to be authorized, it attaches the receipt flag to the authorization message and transmits the authorization message to the merchant. Alternatively, if the system determines that the transaction is not to be authorized, it attaches the receipt flag to the cancellation message and transmits the cancellation message to the merchant.