Unified Wallet App for Payment Device Specific Functions
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Solution Overview
Problem
Conventional wallet applications on mobile devices require separate installations for each payment device and lack functionality specific to different payment types, leading to inefficiency and increased processing power requirements.
Innovation Solution
A system and method that allow different functions to be displayed and executed for various payment devices within a single application on a communication device, enabling users to perform specific functions for each payment device, such as 'pay in store' for credit cards and 'get cash' for debit cards, while sharing similar functions across different transaction processing networks and issuers.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If separate wallet applications are installed for each payment device, then each payment device can have its specific functions, but the number of applications increases and device storage and processing power are consumed
Solution Approach 1:
The patent combines multiple payment device applications into a single unified wallet application. The system provisions multiple payment devices (credit cards, debit cards, gift cards, tokens) with different functions into one application, allowing users to access device-specific functions (pay in store, get cash, pay bill, deposit check) without installing separate applications for each payment device.
Solution Approach 2:
The wallet application is designed to be universal, supporting multiple payment device types and their specific functions within a single application. The system detects the selected payment device type and dynamically displays appropriate functions, making one application serve multiple purposes that previously required separate dedicated applications.
2Device complexity
If a single wallet application is used for multiple payment devices, then application size is reduced, but device-specific functions are not supported
Solution Approach 1:
The wallet application dynamically adapts its interface and available functions based on the selected payment device type. When a user selects a payment device, the system detects the device type (credit card, debit card, gift card, token) and dynamically displays the appropriate set of functions specific to that device type, allowing a single static application to provide dynamic, device-specific functionality.
Solution Approach 2:
The application implements local quality by providing different function sets for different payment device types within the same application. Each payment device type receives its specific functions (e.g., debit cards get 'get cash' function, credit cards get 'pay bill' function) while sharing common infrastructure, ensuring that each payment device gets the appropriate localized functionality it needs.
3Adaptability or versatility
If different functions are implemented for different payment devices in a single application, then device-specific functionality is achieved, but code complexity increases
Solution Approach 1:
The patent segments the application code into modular components that can be independently managed. Different function sets for different payment device types are implemented as separate modular code segments that can be selectively loaded or executed based on the detected payment device type, reducing the complexity of managing all functions simultaneously in a monolithic structure.
Data Source
AI summary
Some embodiments of the invention provide a convenient system and method of displaying payment device specific functions. In other words, systems and methods are provided that allow different functions to be displayed and used for different payment devices provisioned on a communication device. These embodiments allow users to perform certain allowed functions on one payment device, and other, potentially different functions on another payment device.