Wearable Device Automates Purchasing and Payment via Intermediary
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Solution Overview
Problem
Existing electronic devices for monitoring health and purchasing items are bulky, limited in functionality, and require time-consuming processes for ordering and payment, with concerns over data security and fraud.
Innovation Solution
A system and method using a user device with a software application that allows for convenient and secure purchasing by storing transaction history, facilitating direct or indirect payment, and integrating with wearable devices for health monitoring, while protecting user data.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If consumers order items by telephone or on-line and pay at the establishment or upon delivery, then the purchasing process can be completed remotely, but the process becomes time-consuming and requires disclosing confidential payment information
Solution Approach 1:
The system performs preliminary actions by automatically placing orders and making payments before the consumer arrives at the merchant location. The device receives merchant information, automatically transmits the order and payment information, and completes the transaction in advance, eliminating the time-consuming steps of ordering and paying at the merchant location.
Solution Approach 2:
The device acts as an intermediary between the consumer and the merchant system. It automatically transmits order information to the merchant and payment information to the payment processor, facilitating the transaction without requiring the consumer to directly disclose sensitive payment information to the merchant or manually complete the payment process.
2Productivity
If payment information is disclosed during online or telephone purchases, then the transaction can be completed, but confidential information such as payment card numbers and CVV codes becomes vulnerable to fraud
Solution Approach 1:
The system extracts the sensitive payment information disclosure step from the traditional transaction flow. Instead of the consumer directly providing payment details to the merchant, the device automatically transmits payment information to a payment processor through an API, separating the payment authentication process from the merchant's system and reducing exposure of confidential information.
Solution Approach 2:
The system uses copy-and-paste technology to automatically transmit payment information from stored data to the payment processor. This automated copying eliminates the need for manual entry and reduces the risk of information exposure, as the payment details are transmitted programmatically rather than being disclosed through human interaction.
3Adaptability or versatility
If wearable devices are used for health monitoring and purchasing, then functionality is enhanced, but the devices become relatively large and bulky
Solution Approach 1:
The device is designed as a multi-functional platform that combines health monitoring capabilities with automated purchasing and payment processing. By integrating diverse functions into a single device, the system enhances adaptability and versatility without requiring multiple separate devices, thereby managing size constraints while providing comprehensive functionality.
Data Source
AI summary
Devices, systems and methods for reconfigurable and/or updatable lightweight embedded devices or systems are disclosed. Via use of such a device, system, or method, various capabilities for a user are provided, simplified, secured, and/or made more convenient. The system may interact with various other devices or systems, including those that are cloud-based or communicate through the cloud, and may utilize various local sensors, in order to provide one or more of improved access, monitoring, or diagnostics, and so forth.