Back-End Server Automatic Payment Method Selection
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Solution Overview
Problem
Existing online banking systems do not efficiently determine the method for funds transfer or payment based on user preferences and parameters, requiring users to navigate multiple options and limits.
Innovation Solution
A digital application with a back-end server that processes user-selected parameters to determine the most suitable method for funds transfer or payment, such as ACH, real-time payments, or Zelle, without the user needing to specify the technique.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If users manually select transfer methods in existing online banking systems, then users have control over payment options, but the process becomes complex and time-consuming
Solution Approach 1:
The system automatically determines the optimal transfer method by analyzing user preferences and transaction parameters without requiring manual user input. The back-end server autonomously selects between ACH, real-time payments, or Zelle based on pre-configured user preferences and current transaction details, eliminating the need for users to navigate multiple options and significantly reducing transaction time
Solution Approach 2:
The back-end server acts as an intermediary between the user's transfer request and the payment execution. It receives the transfer request, automatically determines the appropriate transfer method based on user preferences and transaction parameters, and executes the transfer without user intervention, thereby simplifying the user interface while maintaining control over payment methodology
2Adaptability or versatility
If users are presented with multiple transfer method options, then users have flexibility in choosing payment techniques, but the interface complexity increases
Solution Approach 1:
The complexity of transfer method selection is extracted from the user interface and relocated to the back-end server. The interface presents only a simplified view where users initiate transfers, while the back-end server handles the complex logic of determining optimal transfer methods based on user preferences and transaction parameters, maintaining versatility without increasing interface complexity
Solution Approach 2:
The system autonomously manages transfer method selection by automatically determining the optimal payment technique based on pre-configured user preferences and real-time transaction parameters. This self-service approach maintains flexibility in transfer method selection while eliminating the need for users to navigate complex menus or make manual selections
3Productivity
If the system automatically determines transfer methods, then transaction efficiency improves, but user control over payment selection is reduced
Solution Approach 1:
Users pre-configure their transfer method preferences and parameters in advance within the application. The back-end server stores these preferences and automatically applies them when processing transfer requests, enabling fast automatic determination of transfer methods while respecting user-defined control parameters. This preliminary configuration allows the system to operate autonomously while maintaining user control over the decision-making criteria
Data Source
AI summary
A system and method for determining how a funds transfer or payment will be made based on user preferences and parameters in a wide area network application. The system includes a back-end server operating the network application and having a processor for processing data and information, a communications interface communicatively coupled to the processor, and a memory device storing data and executable code. When the code is executed, the processor can provide a number of parameters to be selected by the user that are necessary to perform the payment or funds transfer, where the payment or funds transfer can be performed by more than one technique, determine which of the techniques the payment or funds transfer will be performed by based on the parameters that the user selects without the user determining that technique, and cause the payment or funds transfer to be performed by the determined technique.