Virtual Card Issuing with Personalized Restrictions
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Solution Overview
Problem
Existing virtual credit card systems lack the ability to set personalized restrictions, such as merchant, amount, time, and location restrictions, securely and conveniently for the recipient.
Innovation Solution
The system generates a virtual card number with personalized restrictions through one-tap contactless card authentication, allowing users to set and apply restrictions via a software application, and transmit or write the virtual card number to a blank card using near-field communication.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If basic restrictions are set by the issuer, then the virtual card number can be used for online purchases, but the restrictions cannot be personalized to the recipient
Solution Approach 1:
The patent segments the restriction-setting authority by introducing multiple levels: issuer-level basic restrictions and recipient-level personalized restrictions. This allows the system to handle different types of restrictions through separate mechanisms, enabling personalization without overwhelming system complexity.
Solution Approach 2:
The patent implements preliminary action by pre-configuring basic restrictions at the issuer level before the virtual card number is issued to the recipient. This preliminary setup creates a foundation that simplifies subsequent personalization efforts, as the basic framework is already in place.
2Ease of operation
If personalized restrictions are implemented, then user control is enhanced, but the method to securely set and apply restrictions becomes more complex
Solution Approach 1:
The patent introduces an intermediary mechanism (the system processor) that mediates between the user's restriction preferences and the virtual card number generation. This intermediary automatically applies the selected restrictions, simplifying the user experience while managing the underlying complexity.
Solution Approach 2:
The patent enables self-service by allowing users to directly select and apply their own restrictions through the software application interface. Users can independently configure personalized restrictions without requiring manual intervention from the issuer, enhancing ease of operation.
3Ease of operation
If virtual card number is transmitted via near-field communication, then convenience is improved, but security requirements increase
Solution Approach 1:
The patent replaces traditional mechanical card transmission methods with near-field communication (NFC) technology. This substitution enables contactless transmission of the virtual card number, significantly improving convenience while incorporating built-in security features of NFC to maintain reliability.
Applied Scientific Principles
This section explains which scientific principles are used to turn an abstract innovation direction into a practical engineering solution.
Function Achieved in This Case
This solution enables secure and convenient personalization of virtual card restrictions, ensuring that the restrictions are applied correctly and securely, enhancing user control and transaction security.
Implementation Method 1
transmitting the number directly to the recipient's computing device, etc., all via near-field communication
Data Source
AI summary
Various embodiments are directed to applying, via contactless card authentication, one or more restrictions to a virtual card number and generating the card number for use by a recipient. The one or more restrictions may be specifically personalized to the recipient and may include, for example, a merchant restriction, an amount restriction, a time period restriction, or a location restriction. The generated virtual card number along with the applied one or more restrictions may be consumed in various ways, such as writing the number to a blank card, transmitting the number directly to the recipient's computing device, etc., all via near-field communication.