Administration Entity for Secure Transaction Credential Management
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Solution Overview
Problem
Existing systems for managing secure transactions between electronic devices and service providers are often ineffective or inefficient, lacking robust authorization and management mechanisms.
Innovation Solution
A system that includes an administration entity subsystem to receive and manage device order data, transmit order data to service providers, verify order status updates using shared secrets, and facilitate secure communication between electronic devices, service providers, and financial institutions, ensuring secure transaction management.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If a secure element is provided in electronic devices for storing and generating credential data, then transaction security is improved, but authorization and management effectiveness deteriorates
Solution Approach 1:
The patent introduces an administration entity as an intermediary between the electronic device and service provider. This intermediary receives order information from the electronic device, communicates with the service provider to fulfill the order, and manages the credential data securely. The administration entity includes components such as an order receiver, order transmitter, status updater, and verification module that work together to improve authorization and management effectiveness while maintaining the security provided by the secure element.
2Speed
If direct transaction between electronic device and service provider is implemented, then transaction speed is improved, but security management complexity increases
Solution Approach 1:
The administration entity serves as a mediator that simplifies security management by centralizing credential data management, order processing, and verification functions. Instead of implementing complex security management directly in the electronic device or service provider, the administration entity handles these functions externally, reducing the complexity burden on the transaction parties while maintaining secure and efficient transactions through standardized communication protocols.
Data Source
AI summary
Systems, methods, and computer-readable media for managing secure transactions between electronic devices and service providers. In one embodiment, an administration entity system may receive device order data from an electronic device, wherein the received device order data is indicative of an order for an item of value of a service provider system to be stored on the electronic device, transmit administration order data to the service provider system based on the received device order data, wherein the administration order data is indicative of the order for the item of value, receive service provider fulfillment data from the service provider system based on the transmitted administration order data, wherein the service provider fulfillment data includes the item of value, and transmit administration fulfillment data to the electronic device based on the received service provider fulfillment data, wherein the administration fulfillment data includes the item of value.