Card Storage Handler for Secure Multi-Platform Data Tracking
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Users face increased risks of personal and financial information theft due to the need to establish multiple online accounts with various service providers for transaction processing, leading to exposure of sensitive data across multiple platforms, which are vulnerable to online threats and database breaches.
Innovation Solution
A payment card storage handler system that generates and manages records of payment card data across multiple service provider platforms using asymmetric key pairs for secure storage, retrieval, and tracking, allowing users to securely manage their card data with a unified dashboard and alerting for potential fraudulent transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If users establish multiple online accounts with different service providers for transaction processing, then transaction processing capability is improved, but security risk increases due to exposure of sensitive information across multiple platforms
Solution Approach 1:
The patent introduces a centralized card storage handler as an intermediary between users and multiple service providers. This handler acts as a mediator that receives card data from users, stores it securely, and provides the necessary card information to service providers without requiring users to store sensitive data in multiple separate accounts. The intermediary consolidates data management while maintaining transaction processing capabilities across multiple platforms.
2Adaptability or versatility
If users store sensitive information in multiple online accounts, then access to different service providers is improved, but data management complexity increases
Solution Approach 1:
The patent merges the data management functions across multiple service provider accounts into a single centralized card storage handler. Instead of managing separate card data in multiple online accounts, users are provided with one unified storage location that consolidates all card information. This merging simplifies data management while maintaining the ability to access different service providers through the centralized handler.
3Adaptability or versatility
If users create multiple online accounts for different funding sources, then service versatility is improved, but tracking difficulty increases
Solution Approach 1:
The patent implements a feedback mechanism through the centralized card storage handler that provides users with real-time information about which card data is stored with which service providers. The system tracks and reports on card data locations, enabling users to easily monitor and detect where their financial information is stored across different platforms, thereby eliminating the tracking difficulty associated with multiple separate accounts.
Data Source
AI summary
There are provided systems and methods for a card storage handler for tracking of card data storage across service provider platforms. A transaction processor may provide a card storage handler that allows for tracking of data storage across different online platforms utilizing a public key of an asymmetric key pair. A user may utilize a device to generate and store the asymmetric key pair. The device may provide the transaction processor with the public key, and a card storage handler may be generated that tracks card data storage on the different online platforms. When the user enters their card data and public key to a service provider, the service provider may issue an API call using that data to the transaction processor. The transaction processor may generate a record of the storage and may allow for encrypted record retrieval by the device using the key pair.