Comptroller Mediator for Secure Financial Transaction Termination

Resolve Bottlenecks,
Find Innovative SolutionsGenerate Solutions

Solution Overview

Problem

Current financial transaction systems lack efficient mechanisms for businesses to control and manage non-cash transactions over the Internet while maintaining security and compliance with purchasing policies, particularly in ensuring that sensitive customer information is not exposed.

Innovation Solution

A financial transaction system that enables businesses to initiate and manage non-cash transactions without requiring access to customers' sensitive financial information, using a comptroller to authorize and process transactions through a financial intermediary, ensuring that payment notifications are transmitted securely and in compliance with purchasing policies.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If businesses use Internet transactions to efficiently purchase goods and services, then transaction efficiency is improved, but control over purchasing according to policy deteriorates

Engineering Contradiction:

Improvetransaction efficiencyVSAvoidcontrol over purchasing

Core Design Contradiction:

ProductivityVSReliability

Solution Approach 1:

The patent introduces a comptroller as an intermediary component between the customer and the transaction processing system. The comptroller receives transaction information, evaluates it against purchasing policies, and controls whether the transaction is allowed to complete. This mediator ensures that businesses maintain control over purchasing decisions while still enabling efficient Internet transactions to proceed when compliant.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Productivity

If businesses transmit customer financial information over public networks to process transactions, then transaction processing capability is improved, but security of sensitive customer information deteriorates

Engineering Contradiction:

Improvetransaction processing capabilityVSAvoidsecurity of sensitive customer information

Core Design Contradiction:

ProductivityVSObject-affected harmful factors

Solution Approach 1:

The patent extracts and removes sensitive customer financial information from the transaction processing flow. Instead of transmitting actual credit card numbers and other sensitive data over public networks, the system uses transaction information that does not expose customer financial details. The comptroller processes transactions using only necessary information while leaving sensitive data with the customer, thereby maintaining processing capability without compromising security.

Inventive Principle:

Principle #2Taking out (Extraction)

3Reliability

If a comptroller selectively terminates transactions based on purchasing policy, then compliance with business policies is improved, but transaction processing speed deteriorates

Engineering Contradiction:

Improvecompliance with purchasing policyVSAvoidtransaction processing speed

Core Design Contradiction:

ReliabilityVSProductivity

Solution Approach 1:

The comptroller performs preliminary evaluation of transactions against purchasing policies before they are allowed to complete. By pre-evaluating transaction information and making compliance decisions in advance, the system ensures policy adherence while minimizing delays to the overall transaction process. The comptroller efficiently filters and evaluates transaction data so that compliant transactions can proceed quickly without requiring continuous intervention.

Inventive Principle:

Principle #10Preliminary action

Data Source

PatentUS8060437B2Automatic termination of electronic transactions

Publication Date: 2011.11.15 XYLON LLC

AI summary

A system and method of terminating a transaction between a merchant and customer are disclosed.