468 results about "Payment transaction" patented technology

The invention relates to the technical field of cross-border payment optimization, and discloses a cross-border payment fund routing optimization method and system, and the method comprises the steps: receiving a cross-border payment transaction request, analyzing the transaction parameters of the cross-border payment transaction request, and querying and obtaining an initial available payment channel set and corresponding channel information according to the transaction parameters; according to the transaction parameters, identifying payment routing capability applicable to the transaction and matching a special routing rule of the transaction, and according to the payment routing capability and the special routing rule relationship, performing three-level routing rule filtering processing on the available payment channel set to obtain a remaining available payment channel set; three layers of historical performance index data are obtained, a three-layer performance index model is constructed by performing weighted fusion on the three layers of performance index data, performance indexes of all dimensions are predicted, comprehensive scores of all channels are calculated in combination with customer levels, and the optimal payment channel is selected for each cross-border transaction through the method. The transaction success rate is improved, the cost is reduced, and the user experience is optimized.

The invention relates to the technical field of big data processing and analysis, in particular to a cross-border payment path optimization system and method based on multi-dimensional data analysis. Payment transaction data and exchange rate data are collected, a multi-dimensional payment path evaluation model is constructed from the angles of payment cost, payment timeliness, payment risk, payment availability and the like, and each payment path is scored in real time; constructing a payment path optimization model, dynamically selecting an optimal path and performing intelligent scheduling; a machine learning algorithm is introduced, an abnormal transaction mode is automatically identified from mass payment data, and a real-time anomaly detection and risk prevention and control strategy is established; according to the method provided by the invention, the success rate of cross-border payment can be improved, the cost is reduced, the payment time is shortened, and the payment risk is prevented, so that the cross-border payment service quality and the user experience are comprehensively improved.

Systems and methods for purchasing (typically under a factoring model but other models are still possible), on a selected basis, declined payment transactions; receive, for assessment, the failed payment transaction via API; enrich the data received for the failed transaction with external and internal data; define, via one or more predictive models, the expected cause of payment failure; define, via the one or more predictive models the probability of successfully process in the following days the transactions successfully, calculating the associated cost of risk; interact in real-time with the customer where needed; confirm to the party invoking the service, for each transaction sent for assessment, the purchase or not of the failed payment transaction.

Embodiments provide artificial intelligence methods and systems for evaluating vulnerability risks of issuer authorization system. Method performed by a server system includes accessing a set of payment transaction data including subset of fraudulent transaction data. Method includes generating via a machine learning model, set of synthetic transaction data based on the subset of fraudulent transaction data. Method includes accessing set of historical card velocity features and collating the set of synthetic transaction data and the set of historical card velocity features to generate set of enriched synthetic transaction data. Method includes extracting via a classifier, subset of feasible fraudulent transaction data from the set of enriched synthetic transaction data. Method includes generating simulated authorization model based on the set of payment transaction data. Method includes classifying via simulated authorization model, each enriched synthetic transaction from the subset of feasible fraudulent transaction data as one of fraudulent transaction and non-fraudulent transaction.

The invention relates to the field of software testing, in particular to a financial payment transaction testing method based on recording and playback. The method comprises the following steps: recording an interaction behavior of a user on a front-end interface, capturing back-end request and response data, generating an original operation sequence, and converting the original operation sequence into a parameterized test script; processing parameter variables in the parameterized test script through a dynamic test data generation algorithm, generating test parameters, and further obtaining a dynamic test parameter set; executing an operation instruction based on the parameterized test script and the dynamic test parameter set, and recording actual output; a verification result is generated for the test parameter based on the actual output, and an overall pass rate of the automated test is calculated. The problems that a traditional software test method depends on manual design of test cases and manual test execution, time consumption is long, efficiency is low, and key test scenes are prone to being omitted are solved; all input conditions and abnormal scenes are difficult to cover; a unified automatic process is lacked, and the test process is difficult to reuse.

The invention relates to the technical field of payment transaction security detection, and discloses an insurance online payment transaction security real-time detection method and system, and the method comprises the steps: obtaining macroscopic transaction characteristics and microdynamics data; user cognitive parameters are generated through the cognitive dynamics model; fusing the macroscopic features and the cognitive parameters to construct a hybrid vector; mapping the mixed vector to a potential field, and calculating an instant risk value; calculating a risk trend based on the vector change and the potential field gradient; the risk value and the trend index are integrated, and the safety level is detected; the system comprises a data acquisition module; a cognitive parameter generation module; a state vector construction module; a risk potential energy calculation module; a path trend analysis module; and a risk level decision module. According to the method, the unified mixed state vector is constructed, deep fusion and integrated representation are carried out on heterogeneous data from the macroscopic transaction environment and the microcosmic user behaviors, and the fundamental defect of complex risk modes emerging due to cross-dimension feature coupling in recognition in the prior art is overcome.

The invention discloses a heterogeneous marketing strategy evaluation method based on payment transaction data, and relates to the technical field of causal inference. The method comprises the following steps: constructing a data table between merchant transactions and operation conditions according to payment transaction data of merchants; the data table comprises observation data corresponding to a covariable, a processing variable, a tool variable and a result variable; constructing a first estimator and a second estimator according to the observation data of the covariable, the tool variable and the processing variable; according to all the observation variables, the first estimator and the second estimator, obtaining a third estimator used for representing a real condition average processing effect; inputting the covariable data of the to-be-evaluated merchant into a third estimator to obtain a real condition average processing effect calculation result; the real condition average processing effect calculation result is used for representing the influence of the stored value marketing activity on the operation condition of the merchant belonging to the corresponding operation classification. According to the method, the influence of invalid tool variables in marketing strategy evaluation can be solved.

Embodiments of present disclosure provide methods and systems for increasing transaction approval rate. Method performed includes accessing transaction features and determining via fraud model and approval model, first and second set of rank-ordered transaction features. Method includes computing difference in ranks of transaction features and determining set of utilized and unutilized transaction features and generating simulated authorizing model and computing simulated transaction approval rate and simulated fraud transaction rate for simulated authorizing model. Method includes generating plurality of proxy authorization models. Method includes computing transaction approval rates and fraud transaction rates for each of plurality of proxy authorization models and computing an increase in transaction approval rate and change in fraud transaction rate for each of plurality of proxy transaction approval models. Method includes determining one or more recommended transaction features from set of unutilized transaction features and transmitting one or more recommended transaction features to authorizing entity.

Improved Simplified Payment Verification (SPV) solutions for blockchain-implemented transfers are presented and can be implemented in one or more SPV wallets, or on smart cards etc. that can enable Alice to transfer an asset to Bob. Bob sends Alice a payment transaction template (template Tx3) and requests: the full transaction data for all input transactions (Tx1, Tx2) comprising at least one output that Alice wants to spend as inputs to a transfer (Tx3); the Merkle path for all input transactions (Tx1, Tx2) linking them to their respective Merkle roots associated with their respective block headers; the completed transfer transaction (Tx3). Alice provides this information plus her signature and optionally a change address. Bob can then perform local SPV checks using transactions Tx1 and Tx2, their corresponding Merkle paths Path 1, Path 2, and Bob's local list of block headers. Bob broadcasts the transfer transaction (Tx3) to the P2P network.

The technology described herein relates to systems, methods, and computer storage media, among other things, for determining whether an electronic transmission (e.g., associated with an electronic payment transaction) should be blocked (e.g., based on being a fraudulent transaction). In embodiments, a policy-based reinforcement learning risk decision agent is used to make these determinations for a plurality of stages associated with the electronic payment transaction (e.g., a pre-authorization stage, a post-authorization stage, and a delay-captured stage). The policy-based reinforcement learning risk decision agent can be trained using previous electronic payment transaction data for previous electronic payment transactions. For example, this particular agent can be trained using pre-authorization electronic payment transaction data, post-authorization electronic payment transaction data, and delay-captured electronic payment transaction data for each of the previous electronic payment transactions.

Provided are methods that include generating a first simulation graph representing a plurality of simulated payment transactions involving a plurality of simulated entities based on a dataset using one or more transformer machine learning models, where the generating the first simulation graph includes generating first simulated transaction data for each simulated entity, determining an entity type of each simulated entity of the plurality of simulated entities, generating a plurality of simulation subgraphs of the first simulation graph, and generating second simulated transaction data for each simulated entity of the plurality of simulated entities; adding abnormal transaction patterns to the first simulation graph to provide a second simulation graph; and training a machine learning model based on the second simulation graph to provide a trained machine learning model. Systems and computer program products are also disclosed.

The invention provides improved verification solutions for blockchain-implemented transfers. It is suited for, but not limited to, implementation in an SPV wallet. In accordance with one embodiment, a system or resource is provided which comprises a plurality of novel SPV verification components, the activities of which are coordinated by a coordination component. The system enables Bob to send Alice a payment transaction template (template Tx3) and requests: the full transaction data for all input transactions (Tx1, Tx2) comprising at least one output that Alice wants to spend as inputs to a transfer (Tx3); the Merkle path for all input transactions (Tx1, Tx2) linking them to their respective Merkle roots associated with their respective block headers; the completed transfer transaction (Tx3). Alice provides this information plus her signature. Bob can then perform local SPV checks on the input transactions Tx1, Tx2 using transactions Tx1 and Tx2, their corresponding Merkle paths Path 1, Path 2, and Error! Bookmark not defined. Bob's local list of block headers. Bob broadcasts the transfer transaction (Tx3) to the P2P network.

An interactive shopping system, or smart cart. The system allows a user to select items in a store and complete a purchase without having to wait in lines or interact with store personnel. The system can have a container for holding products selected by at least one user, a user interface, a scanner in communication with the user interface, a processor in communication with the user interface, and a data storage comprising computer instructions executable by the processor. A user can select products, place them within the container, scan the products, and initiate a payment transaction to complete a purchase.

Systems, methods, and computer program products are provided for flexible transaction message routing. An exemplary method includes receiving an authorization request message associated with a payment transaction. The authorization request message includes a first account identifier associated with a user. A second account identifier is determined from a plurality of account identifiers based on at least one rule associated with the first account identifier. A modified authorization request message for the payment transaction is generated. The modified authorization request message includes the second account identifier. The modified authorization request message is transmitted to an issuer system associated with the second account identifier. A transaction history record based on the payment transaction and the second account identifier is stored.

The invention provides a data transaction system, and relates to the technical field of block chains, and the data transaction system comprises a data providing device, a data purchasing device, a transaction device, a block chain device and an interstellar file system. The data providing device sends encrypted data to the interstellar file system and issues an intelligent contract to the block chain device; the data purchasing equipment sends a payment request and a payment transaction fund to the transaction equipment; the transaction device generates a payment voucher and sends the payment voucher to the data purchasing device; the data purchasing device generates a payment statement and sends a data access application to the data providing device; the data providing device generates a temporary key, generates a data access credential and sends the data access credential to the transaction device; the transaction device pays transaction money to the data providing device, generates a data access statement and sends the data access statement to the data purchasing device; and the data purchasing device obtains the access token, obtains the encrypted data, and decrypts the encrypted data by using the temporary key to obtain the to-be-transacted data.

A method includes generating a media object; associating the media object with a trigger action; monitoring user activity of a user to detect an occurrence of the trigger action by the user; in response to detection of the occurrence of the trigger action by the user, modifying the media object to generate a modified media object; minting the modified media object as a non-fungible token (NFT) on a blockchain network; associating a dynamic value with the NFT, the dynamic value configured to change as a function of at least time according to an algorithm; providing the NFT to the user; in response to the user initiating redemption of the NFT in connection with an electronic payment transaction having a transaction amount, determining the dynamic value of the NFT based on the algorithm; and processing the electronic payment transaction by applying the dynamic value to the transaction amount.

The present invention relates to a method for facilitating electronic transactions between transmitting bank entity and a receiving bank entity made by a user. The method involves receiving payment details from a user through a user interface and initiating a transaction request using these payment details by the transmitting bank entity. The transaction request is then transmitted to a receiving bank entity, which processes the request to determine transaction approval based on the provided payment details. The receiving bank entity subsequently sends a transaction response to the transmitting bank entity, indicating approval or denial of the transaction request, back to the transaction processing system. Finally, the user is notified of the transaction response via the user interface. Disclosed embodiments optimize and streamline the electronic transaction process, ensuring efficient and secure handling of payment details and transaction requests between bank entities.

The embodiment of the invention provides a transaction method and transaction system based on a digital currency hard wallet, and the method comprises the steps: an industry terminal transmits a feature negotiation request to an interactive hard wallet; in response to the fact that the hard wallet receives a successfully matched feature negotiation result determined by the hard wallet according to the feature negotiation request and the features of the hard wallet, the industry terminal generates a first authentication key by using a security algorithm; the industry terminal initiates bidirectional authentication verification with the hard wallet, information sent by the hard wallet is verified by using the first authentication key, and information sent by the industry terminal is verified by the hard wallet by using a second authentication key generated by a security algorithm; and in response to a result that the bidirectional authentication verification is passed, the industry terminal executes an industry data rewriting operation on the hard wallet and completes the transaction service, and after the transaction service is completed, the industry terminal sends the transaction data to the hard wallet. And the transaction information is sent to the associated operation mechanism system through the industry background system, so that the associated operation mechanism system carries out payment transaction processing according to the transaction information.

Processing a payment transaction from a payer (operating a payer computing system) to a payee (operating a merchant computing system) by a secure computing system. The secure computing system outputs a financial account registration request form to the payer computing system (e.g., within a window or frame that is displayed within an ecommerce webpage provided by the merchant computing system) for the payer to provide sensitive financial account information, securely stores the sensitive financial account information, maintains compliance with an information security standard (e.g., a Payment Card Industry Data Security Standard), and provides a non-sensitive electronic data token representing the sensitive financial account information to the merchant computing system. The merchant computing system can then process the payment transaction using the sensitive financial account information represented by the non-sensitive electronic data token without actually receiving—and, therefore, having to secure—the underlying sensitive financial account information.

Provided is a method for implementation of an application running on a computer having a processor and a memory or a cloud infrastructure, receiving a request from a user, via a gateway manager, to initiate a future payment transaction in accordance with a selected one of a plurality of payment transaction types. The method also includes comparing, via an allocation engine, the requested future payment transaction with patterns derived from an analysis of stored previous payment transactions associated with the user, wherein the patterns represent an association of each of the payment transaction types with one of a plurality of different types of vendors from the stored previous payment transactions. A payment transaction type is automatically selected for the future payment transactions based on the comparison.

Method for managing payment transactions associated with a task completion includes receiving a service assignment and a digital coin value associated with the service assignment over a network from a first computing device associated with a first user, and sending the service assignment over the network for display on a second computing device associated with a second user. The method also includes receiving notification from the second user that the assigned service has been completed, and transferring digital coins equal to the digital coin value of the service assignment from a first digital wallet associated with the first user to a second digital wallet associated with the second user. The method further includes recording the transfer of the one or more digital coins in the digital coin ledger, and applying the one or more digital coins in the second digital wallet to acquire a purchase item.

Trusted customer identity systems and methods provide secure electronic payment transactions incorporating customer identity verification using cross-referenced multiple data sources. Two distinct authorities provide payment speed, simplicity, and security. A network path-based identity methodology does not require shared information between parties. A first party receives a secure token and has sole access and controls possession of unique data that they append to the token. Before a transaction, a unique identifying characteristic of the party is used to register it on the trusted customer network. Other parties on the network do not possess a copy of the unique data but, based on the registration characteristics of the first party, know when they receive the token that only the first party could have added the unique data to the token. Other parties on the network can trust that the first party is the same party who registered this account to the network.

Systems and methods for interoperable network token processing are provided. A network token system provides a platform that can be leveraged by external entities (e.g., third party wallets, e-commerce merchants, payment enablers / payment service providers, etc.) or internal payment processing network systems that have the need to use the tokens to facilitate payment transactions. A token registry vault can provide interfaces for various token requestors (e.g., mobile device, issuers, merchants, mobile wallet providers, etc.), merchants, acquirers, issuers, and payment processing network systems to request generation, use and management of tokens. The network token system further provides services such as card registration, token generation, token issuance, token authentication and activation, token exchange, and token life-cycle management.

The present invention relates generally to the technological field of payment systems. More specifically, the present invention relates to technical solutions for performing payment transactions from inside a vehicle, also known as in-cart payment systems (ICPS). The claimed invention represents the system and method of authorizing and performing payment transactions, which provide an improvement of the technological field of payment systems by increasing security of in-vehicle payments, while maintaining the procedure easy and convenient to the consumer, in particular, by requiring consumer interaction with in-vehicle computer only.

Systems and methods are described related to using flexible circuitry in a payment device. In one embodiment, a payment device comprises a computing device and a memory. The computing device is configured to store a biometric identifier associated with a transaction account. The computing device is configured to at least receive, by the antenna, an interrogation signal from a point of sale (POS) device in order to activate the payment device for a payment transaction. The computing device is configured to determine a scanned fingerprint identifier of a user based at least in part on the interrogation signal activating the payment device and authenticate the scanned fingerprint identifier by matching the scanned fingerprint identifier to the biometric identifier. The transaction account is transmitted to the POS device for processing the payment transaction based at least in part on the authentication of the scanned fingerprint identifier.

The invention provides a mobile payment end-to-end encryption communication method based on anti-quantum computing, and the method comprises the steps: obtaining payment transaction data of a client, splitting the payment transaction data according to payment fields, binding a corresponding user operation behavior tag for each payment field, and generating a field behavior pair; encrypting by using an anti-quantum encryption algorithm to generate a disturbance encryption ciphertext set; combining the disturbance encryption ciphertext set with the user operation behavior label and the channel number to form a structured ciphertext unit, and transmitting the structured ciphertext unit to a server; and determining whether the decrypted payment field and the user operation behavior tag conform to a predefined legal transaction process, if so, executing the transaction, and otherwise, refusing the transaction. Through the collaborative design of coding, replacement, encryption, label verification and inverse replacement decryption, anti-quantum security and transaction behavior control are deeply fused, the deployability and reproducibility of the scheme are ensured, and the overall security level of mobile payment is remarkably improved under the existing hardware condition.

Systems, apparatuses, methods, and computer program products are disclosed for geofence-based induction charging system. An example method includes identifying an EV by validating vehicle parameters using vehicle identification circuitry and identifying a geofence charging area by comparing vehicle geolocation data with geofence area data using geofence circuitry. The example method further includes generating an entry token and an exit token for the EV using token generation circuitry, and generating a charging transaction for the EV based on the entry token and the exit token using payment transaction circuitry. The entry token comprises at least one or more of a vehicle identifier, an entry timestamp, an entry location, or an entry power level, and the exit token comprises at least one or more of the vehicle identifier, an exit timestamp, an exit location, an updated self-charging rate, an updated power consumption rate, or an exit power level.

The invention discloses an NFC-based payment communication method and an application thereof in a payment transaction terminal, the scheme can be used for transaction interaction of the payment transaction terminal in a card reader mode and an NFC TAG mode, when the terminal is in the NFC TAG mode, different guides are provided by identifying an operating system of payment terminal equipment serving as card reading equipment, and the payment terminal equipment is more convenient to use. The convenience and intelligence of the application payment means are improved; according to the scheme, in combination with the characteristics of equipment operating system identification and equipment moving, corresponding voice or UI prompts are given when transaction is not completed for a long time and equipment which identifies an IOS system is subjected to transaction, in order to prevent a single order from being paid by multiple pieces of equipment, emptying is carried out after it is confirmed that the content of the NFC tag is completely read, and the payment efficiency is improved. And the transaction reliability and convenience are improved. And when the terminal is in the card reader mode, whether the transaction card is an entity card is distinguished according to the card searching instruction, and the transaction result is returned to the application layer, so that a self-adaptive security policy is provided.

A system for performing a coordinated transaction is disclosed, involving a digital asset transaction performed on a blockchain and a payment transaction performed at a payment processing system. The system comprises a blockchain subsystem arranged to interface with the blockchain and to execute a main workflow process including the digital asset transaction and an interface to the payment processing system. A plurality of interface operations are provided which can be invoked by the main workflow process. Each operation is arranged to communicate via the interface with the payment processing system to control execution of a respective stage of the payment processing transaction at the payment processing system; and to maintain on the blockchain minor transaction data tracking a status of the payment processing transaction at the respective stage. The system is further configured to synchronize execution of the digital asset transaction with the payment transaction using the interface operations.

A secure payment transaction device, includes one or more monetary value tokens of a monetary value token system; a monetary value token management unit adapted to directly exchange monetary value tokens in transactions of the monetary value token system; an updating unit for updating data of the secure payment transaction device. An online authentication information of an online digital money system can be added to the secure payment transaction device via the updating unit thereby enabling use of the secure payment transaction device in the online digital money system.