Wearable Payment Base With Modular Data Elements
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Solution Overview
Problem
Wearable payment devices typically require replacing data elements or storing multiple accounts on a single data element, limiting their functionality and user convenience.
Innovation Solution
A wearable device with a base, data elements, and an antenna system that allows for multiple data elements to be used without replacement, where the antenna is activated by contact with a power source to transmit and receive account and transaction data, enabling seamless payment transactions without the need for multiple accounts on a single data element.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If multiple data elements are incorporated into the wearable device, then payment functionality is improved, but device complexity increases
Solution Approach 1:
The patent divides the payment system into separate modular components: multiple interchangeable data elements (payment tokens) that can be individually mounted on the wearable device. Each data element contains isolated payment account information, allowing users to have multiple payment options without integrating all accounts into a single complex system. This segmentation enables versatile payment functionality while keeping each individual component simple and manageable.
2Ease of operation
If data elements are made interchangeable and removable, then ease of operation is improved, but reliability decreases
Solution Approach 1:
The data elements are designed as nested modular units that fit into designated slots within the wearable device housing. Each data element is a self-contained module with standardized connection interfaces that nest securely into the device structure. This nested design allows easy removal and replacement of individual data elements while maintaining reliable electrical and data connections through the standardized interfaces, preventing connection failures during operation.
3Device complexity
If a single data element stores multiple accounts, then device complexity is reduced, but measurement precision of account selection deteriorates
Solution Approach 1:
Each data element is designed with specialized local quality optimized for specific payment account types or use cases. For example, certain data elements may be optimized for credit cards, others for debit cards, digital wallets, or loyalty programs. This specialization allows the system to maintain low overall complexity while providing precise account selection, as users can quickly identify and select the appropriate pre-optimized data element for their specific payment needs without navigating through multiple accounts in a single element.
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
Enables convenient and efficient payment transactions using multiple data elements without the need for replacement or multiple accounts on a single data element, enhancing user experience and device functionality.
Implementation Method 1
the at least one antenna is configured to transmit at least a portion of the account data and receive at least a portion of transaction data from at least one target device when the open circuit of the antenna is closed and becomes powered by at least one power source
Data Source
AI summary
Provided is a wearable device, including a base configured to be worn by a user, at least one data element at least partially positioned on or within the base and programmed or configured to have account data stored thereon, and at least one antenna including an open circuit, the at least one antenna at least partially positioned on or within the base and configured to transmit at least a portion of the account data and receive at least a portion of transaction data from at least one target device when the open circuit of the antenna is closed and becomes powered by at least one power source. Other expressions are also disclosed.