METHOD FOR PROVISIONING MERCHANT-SPECIFIC PAYMENT APPARATUS

Organization Name

Inventor(s)

Abdelkader M’Hamed Benkreira of Washington DC (US)

METHOD FOR PROVISIONING MERCHANT-SPECIFIC PAYMENT APPARATUS - A simplified explanation of the abstract

This abstract first appeared for US patent application 18496603 titled 'METHOD FOR PROVISIONING MERCHANT-SPECIFIC PAYMENT APPARATUS

Simplified Explanation

The patent application describes a method and system for issuing a merchant-specific payment apparatus, like a temporary payment card, through an ATM based on the user's chosen merchant.

User specifies a merchant.
Known payment acceptance types at the merchant are identified.
Temporary payment card is issued based on the merchant's payment acceptance types.

Key Features and Innovation

Provisioning a merchant-specific payment apparatus.
Issuing temporary payment cards based on chosen merchant.
Utilizing known payment acceptance types to determine card type.

Potential Applications

This technology could be applied in various industries such as retail, e-commerce, and banking to enhance customer payment experiences.

Problems Solved

Simplifies the process of issuing temporary payment cards.
Tailors payment cards to specific merchants.
Improves user convenience and efficiency in making payments.

Benefits

Enhanced user experience.
Increased security and fraud prevention.
Streamlined payment processes.

Commercial Applications

Retail stores for customer payments.
E-commerce platforms for secure transactions.
Banks for personalized payment solutions.

Questions about the Technology

How does this technology improve user payment experiences?

This technology improves user payment experiences by tailoring temporary payment cards to specific merchants, enhancing security and efficiency in transactions.

What are the potential applications of this technology beyond ATM transactions?

This technology can be applied in various industries such as retail, e-commerce, and banking to provide personalized payment solutions and improve customer experiences.

Original Abstract Submitted

Various embodiments are directed to a method and system for provisioning a merchant-specific payment apparatus, such as a temporary payment card, via a computing device, such as an automated teller machine (ATM). A user, such as a customer, may specify a merchant. A record of known payment acceptance types at that merchant may be returned, which may be used to determine what type of temporary payment card gets issued to the user.