Integrated Payment and Value-Added Services Transaction System
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Solution Overview
Problem
Conventional mobile commerce systems fail to seamlessly integrate payments and transactions, treating value-added services as separate or afterthoughts, leading to a fragmented and inefficient purchasing experience for consumers.
Innovation Solution
The implementation of a merchant Value-Added Services (VAS) data specification that enables the integration of payments and value-added services as consumers shop, using cloud-based payment programs like Host Card Emulation (HCE) and QR codes to provide standardized interoperability and flexibility, allowing for real-time offers and services during transactions, such as loyalty programs and mobile ordering, by transferring non-payment data between mobile applications and point-of-sale systems.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If conventional mobile commerce systems are used, then payments and transactions can be processed, but the system fails to seamlessly integrate payments and value-added services, resulting in a fragmented purchasing experience
Solution Approach 1:
The patent combines payments and value-added services into a single integrated transaction process. The system merges the payment flow with VAS offer presentation and acceptance, allowing consumers to complete both payment and VAS transactions simultaneously through a unified interface and single authorization process.
Solution Approach 2:
The mobile device and payment system are designed to perform multiple functions: processing payments, presenting VAS offers, capturing consumer acceptance, and completing transactions. The system serves as both a payment terminal and a VAS delivery platform, eliminating the need for separate systems.
2Adaptability or versatility
If value-added services are treated as separate or afterthought transactions, then service providers can offer additional services, but the transaction process becomes fragmented and inefficient
Solution Approach 1:
The system presents VAS offers to consumers during the payment transaction process, before the transaction is completed. This allows consumers to accept or decline VAS offers while the payment is being processed, rather than requiring a separate post-payment interaction.
Solution Approach 2:
The transaction process continues seamlessly from payment initiation through VAS offer presentation to final completion. The system maintains continuous engagement with the consumer throughout, keeping the transaction flow active and uninterrupted rather than pausing for separate VAS transactions.
3Adaptability or versatility
If standardized data formats and protocols are implemented, then interoperability between mobile applications and point-of-sale systems is improved, but the implementation complexity increases
Solution Approach 1:
The patent implements a universal data format and protocol that enables different mobile applications and point-of-sale systems to communicate and interact seamlessly. This standardized interface allows diverse systems to participate in the integrated payment and VAS transaction process without requiring custom integration for each combination.
Data Source
AI summary
A method for enabling a value-added transaction involving a vehicle and a merchant via a mobile device is disclosed. Merchant information may be broadcasted from a merchant terminal. Vehicle specific data may be received at the merchant terminal identifying the vehicle in response to the broadcasted merchant information. Transaction data may be provided to the mobile device to initiate an intended transaction. Payment data may be received from the mobile device at the merchant terminal in response to the provided transaction data. Before completing the intended transaction, a value-added transaction offer may be provided to the mobile device. In response to the provided value-added transaction offer, an acceptance of the value-added transaction offer may be received. The intended transaction and the value-added transaction offer may be completed as a single transaction.