In-Vehicle Mobile Wallet Prepayment for Faster Pickup Transactions
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Solution Overview
Problem
Consumers face inefficiencies in making payments from vehicles, such as searching for change or waiting in lines, especially when pre-planning purchases.
Innovation Solution
A mobile wallet system integrated with vehicles allows pre-payment through dedicated short-range communications, enabling users to link payment instruments, select items, and receive tokens for seamless transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of time
If consumers use traditional payment methods (physical wallets, cash) at payment locations, then they can complete transactions, but they spend excessive time searching for change and waiting in lines
Solution Approach 1:
The system performs preliminary actions by pre-authorizing payments before the consumer arrives at the payment location. The pre-authorization process validates payment instruments and reserves funds in advance, so that when the consumer arrives, the transaction can be completed immediately by simply presenting the mobile wallet without searching for cash or waiting in lines.
Solution Approach 2:
The mobile wallet system acts as an intermediary between the consumer and the payment location. It mediates the payment process by handling authentication, authorization, and transaction processing electronically, eliminating the need for physical cash handling and reducing wait times associated with traditional payment methods.
2Productivity
If consumers use mobile wallets with pre-authorization, then transaction speed improves, but system complexity increases
Solution Approach 1:
The payment system is segmented into distinct functional modules: mobile wallet application, payment location terminal, authorization server, and notification system. Each module handles specific tasks independently, which manages complexity by dividing the overall system into manageable components that can be developed, maintained, and scaled separately while enabling high transaction throughput.
3Ease of operation
If pre-payment authorization is performed remotely from vehicles, then convenience is enhanced, but reliability of payment verification may be reduced
Solution Approach 1:
The system implements feedback mechanisms where the mobile wallet receives real-time notifications from the authorization server about pre-authorization status. The system also provides feedback to consumers through the user interface, confirming successful authorizations and allowing them to review transaction details before finalizing payments, thereby maintaining verification reliability while enhancing convenience.
Data Source
AI summary
Methods and systems are provided for making a pre-payment. In some embodiments, a user is provided with a mobile wallet; information populating at least one payment instrument to the mobile wallet is received; information that the mobile wallet is usable with respect to the vehicle is received; information that the mobile wallet has been presented by the vehicle to a payment location is received; an authorized pre-payment corresponding to items or an amount associated with the payment location is received; a token is received from the user at the payment location; and the pre-payment is settled using the payment instrument.