Electronic Wallet Card Onboarding via Intelligent Codes
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Solution Overview
Problem
The increasing complexity and quantity of credit, debit, and stored-value cards make organization and redemption difficult, leading to inefficiencies and security issues, as consumers often forget or mismanage their cards, and physical cards are susceptible to loss and theft.
Innovation Solution
A method and system for adding stored-value cards to an electronic wallet using intelligent codes, which direct users to a website for credential entry, determine card existence, and facilitate secure electronic storage and management of cards.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If physical stored-value cards are used, then users can access card assets, but users experience difficulty organizing and managing multiple cards
Solution Approach 1:
The patent creates digital copies of physical stored-value cards within an electronic wallet application. Users can store multiple card representations electronically, eliminating the need to physically organize and carry multiple plastic cards while maintaining access to all card assets through the digital interface.
Solution Approach 2:
The patent merges multiple separate physical cards into a single electronic wallet application. Users can access, manage, and switch between multiple stored-value cards, credit cards, and debit cards through one unified digital interface, consolidating what would otherwise require multiple separate physical cards to be organized and carried.
2Reliability
If physical cards are used, then users can redeem card values, but cards are susceptible to loss and theft
Solution Approach 1:
The patent replaces physical cards with digital copies stored securely within an electronic wallet application on a mobile device. These digital card representations cannot be lost or stolen in the same way physical cards can, as they remain encrypted and protected within the device's secure environment unless the device itself is compromised.
Solution Approach 2:
The patent substitutes the mechanical physical card system with an electronic digital system. Instead of relying on plastic cards that can be misplaced or stolen, the system uses encrypted digital data stored in an electronic wallet, protected by device security measures such as PIN codes, biometric authentication, and secure enclaves.
3Adaptability or versatility
If multiple physical cards are carried, then users have access to various card assets, but users must transport and store all cards
Solution Approach 1:
The patent combines multiple card assets into a single electronic wallet application, allowing users to access various stored-value cards, credit cards, and debit cards through one digital interface. This eliminates the need to physically transport and store multiple separate cards while maintaining access to all card assets.
Solution Approach 2:
The patent segments card information into separate digital entries within the electronic wallet application, allowing users to organize different card assets in a structured manner. Users can quickly search for and access specific cards without physically sorting through multiple cards, significantly reducing the time required to locate and use a particular card.
Data Source
AI summary
A method comprises receiving a request to add a stored-value card to an electronic wallet via interpreting an intelligent code which directs a user to a URL for an electronic wallet website; prompting a user for credentials to enter the electronic wallet website; determining whether the stored-value card already exists in the electronic wallet; and adding the stored-value card to the electronic wallet. A system comprises a computer device to receive a request to add a stored-value card to an electronic wallet via interpreting an intelligent code which directs a user to a URL for an electronic wallet website; to prompt a user for credentials to enter the electronic wallet website, to determine possession of the stored-value card, to determine whether the stored-value card already exists in the electronic wallet, and to add the stored-value card to the electronic wallet.