Unified Payment Processor for Omnichannel Checkout
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Solution Overview
Problem
Consumers face difficulties in purchasing both perishable and non-perishable goods from merchants through a single transaction, as existing systems require separate payments for in-store and online purchases, leading to fragmented data and inconvenient shopping experiences.
Innovation Solution
A system and method that enables a combined purchase of online and in-store products by using a payment processor module to receive data for the total prices of in-store and online products and generate a product release message upon a matching combined payment amount, allowing for a single checkout procedure.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If consumers purchase perishables at the merchant's premises and non-perishables through the e-commerce platform separately, then payment can be processed for each channel independently, but the shopping experience becomes fragmented and data about consumers' shopping baskets becomes fragmented
Solution Approach 1:
The patent merges the in-store purchase system and e-commerce platform purchase system into a unified omnichannel purchase system. The payment processor module receives payment information from both channels and processes them as a single transaction, consolidating shopping basket data from both in-store and online products into one unified data set, thereby eliminating data fragmentation while maintaining payment convenience
2Ease of operation
If consumers visit a retail store to purchase products, then they can inspect and select items personally, but they cannot purchase both in-store and online products via a single transaction
Solution Approach 1:
The payment processor module is designed with multi-functionality to handle both in-store purchases and e-commerce platform purchases through a single unified interface. It can process payments for in-store products, online products, or a combination of both channels simultaneously, allowing consumers to shop flexibly across channels while the system manages the complexity of handling multiple purchase types through one universal payment mechanism
3Adaptability or versatility
If merchants maintain both physical stores and e-commerce platforms, then they can serve different consumer preferences, but retail estate costs increase and operational complexity increases
Solution Approach 1:
The patent combines the operational systems of physical stores and e-commerce platforms into an integrated omnichannel system. The payment processor module unifies transaction handling, inventory management, and customer data from both channels, allowing merchants to serve diverse consumer preferences through a single coordinated system rather than separate independent systems, thereby reducing operational complexity while maintaining service versatility
Data Source
AI summary
System and method for facilitating a combined purchase of online products and in-store products. The system comprising a payment processor module that is configured to: (i) receive data corresponding to: (a) a total price of one or more in-store products to be purchased at a physical store; (b) a total price of one or more online products to be purchased using an e-commerce platform; and (c) a combined payment amount for the in-store and the online products made by a purchaser of the in-store and the online products during a check-out procedure; and (ii) generate a product release message on a condition that the combined payment amount corresponds with the total price of the in-store products and the total price of the online products.