Transaction-Based Digital Wallet Enrollment Without Manual Card Entry
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Solution Overview
Problem
Existing digital wallet enrollment processes are time-consuming, error-prone, and inconvenient, deterring users from adopting alternative payment methods and creating barriers to broader merchant and financial institution acceptance.
Innovation Solution
A method for creating digital wallets using information obtained from payment transactions, where payment details are transmitted to a wallet enrollment system during a purchase, allowing merchants to prompt users for enrollment and reducing the process to a card swipe and contact information sharing.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If users manually navigate to wallet enrollment website and enter payment card details, then secure wallet enrollment can be achieved, but the process becomes time-consuming and error-prone
Solution Approach 1:
The system performs preliminary actions by capturing payment card information during the normal purchase transaction process. The merchant system already has the card data from the authorization request, so instead of requiring separate manual entry during enrollment, the system proactively uses this pre-captured data to initiate wallet enrollment, eliminating the time-consuming manual entry step while maintaining security through the existing authorization framework
Solution Approach 2:
The merchant system acts as an intermediary that bridges the payment authorization process and wallet enrollment process. It receives the authorization request containing payment card information, extracts the relevant data, and forwards it to the wallet enrollment system. This intermediary role enables seamless data transfer between systems without requiring user intervention, resolving the contradiction between security and speed
2Adaptability or versatility
If users are required to provide extensive account information during registration, then complete wallet setup can be achieved, but the registration process becomes more difficult and creates barriers to adoption
Solution Approach 1:
The system performs preliminary data collection during the routine purchase transaction. Payment card information, account details, and other necessary data are captured as part of the normal payment flow before the user even realizes enrollment is happening. This preliminary action accumulates the information needed for complete wallet setup without requiring separate registration steps
Solution Approach 2:
The system merges two separate processes - payment authorization and wallet enrollment - into a single integrated flow. The merchant system handles both the payment transaction and the wallet enrollment initiation simultaneously, combining multiple functions into one user action. This merging eliminates the need for separate registration processes while ensuring complete wallet functionality
3Ease of operation
If traditional manual enrollment processes are used, then user control over enrollment can be maintained, but merchant and financial institution acceptance is hindered due to complex registration requirements
Solution Approach 1:
The system implements self-service enrollment where the user's existing payment card and account information automatically populate the wallet enrollment form. The user simply needs to confirm the pre-filled information rather than manually entering it. This self-service approach maintains user control and oversight while dramatically simplifying the enrollment process, thereby increasing adoption rates
Solution Approach 2:
All necessary enrollment information is preliminarily gathered during the purchase transaction itself. The system has already obtained payment card details, account information, and transaction data before the enrollment confirmation step. This preliminary preparation eliminates the need for users to manually input extensive information, making enrollment as convenient as the original payment while boosting productivity and adoption
Data Source
AI summary
Embodiments of the present invention relate to systems, methods, processes, computer program code, and means for creating digital wallets for users. In some embodiments, digital wallets are created, at least in part, on information obtained from payment transactions conducted by users.