Centralized Portal for Synchronous Electronic Asset Management

Resolve Bottlenecks,
Find Innovative SolutionsGenerate Solutions

Solution Overview

Problem

Existing systems lack an efficient and secure method for synchronously managing and controlling sets of electronic assets from multiple unaffiliated third-party issuers from a single location, making it cumbersome to deactivate or alter the functionality of these assets, especially in cases of loss or travel.

Innovation Solution

A computing system and method that provide a portal with network security access control, allowing users to log in and execute coordinated actions across multiple electronic assets by sending API calls to corresponding third-party systems, thereby simplifying the process of managing and altering asset functionality.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If a user contacts each individual third-party issuer to deactivate electronic assets, then the assets can be deactivated, but the process becomes slow and cumbersome

Engineering Contradiction:

Improveasset deactivation completenessVSAvoidtime to deactivate assets

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The patent merges multiple individual issuer contact processes into a single centralized platform that simultaneously manages communications with multiple third-party issuers. The system consolidates asset management actions across different issuers into one unified interface, allowing users to deactivate multiple assets through a single operation rather than contacting each issuer separately.

Inventive Principle:

Principle #5Merging (Combining)

Solution Approach 2:

The patent introduces a centralized platform as an intermediary between users and multiple third-party issuers. This mediator system handles the complexity of communicating with different issuers, translating user actions into appropriate API calls to each issuer's system, and coordinating the deactivation process across multiple independent systems without requiring direct user involvement with each issuer.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Adaptability or versatility

If a user contacts each individual third-party issuer to alter asset functionality, then the assets can be controlled, but the process complexity increases

Engineering Contradiction:

Improveasset functionality controlVSAvoidmanagement process complexity

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The patent creates a universal platform that can manage multiple types of electronic assets from different issuers through a single interface. The system is designed to handle various asset types (payment cards, access keys, identifiers) and perform multiple operations (deactivation, functionality alteration) through unified mechanisms, reducing the need for issuer-specific procedures.

Inventive Principle:

Principle #6Universality (Multi-functionality)

Solution Approach 2:

The patent segments the complex management process into distinct modular components: user authentication, asset identification, action selection, and issuer-specific API execution. Each component handles a specific aspect of the management process independently, allowing the system to manage complexity through modular design while maintaining a simple user interface.

Inventive Principle:

Principle #1Segmentation

3Ease of operation

If a user manually contacts each issuer without a centralized system, then individual asset management is possible, but coordination across multiple assets becomes inefficient

Engineering Contradiction:

Improvesingle-location managementVSAvoidasset management efficiency

Core Design Contradiction:

Ease of operationVSProductivity

Solution Approach 1:

The patent combines multiple asset management operations into a single coordinated process executed from one location. The centralized platform allows users to perform authentication, asset selection, and action initiation in one place, while the system automatically coordinates the execution of these actions across multiple issuer systems simultaneously.

Inventive Principle:

Principle #5Merging (Combining)

Data Source

PatentUS12238051B2Synchronous interfacing with unaffiliated networked systems to alter functionality of sets of electronic assets

Publication Date: 2025.02.25 WELLS FARGO BANK NA

AI summary

Systems and methods for managing a set of electronic assets from a single location are disclosed. The method includes providing a portal with a network security access control. The method includes determining that login credentials input to the access control are associated with a set of electronic assets corresponding to a plurality of third-party computing systems with application programming interface (API) gateways configured to accept API calls directed to changes in functionality of the electronic assets. The method includes presenting, via the portal, a virtual icon to identify a coordinated action with respect to the set of electronic assets and, in response to a selection of the virtual icon, executing a set of API calls that include an asset-specific API call to each third-party computing system in the plurality of third-party computing systems to implement the coordinated action on all electronic assets in the set of electronic assets.