Data Sharing Platform for Secure Transaction Privacy

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Solution Overview

Problem

Current electronic payment systems lack a secure and efficient method to share transaction data with social media platforms, which can lead to fraud detection challenges and inadequate user control over data privacy.

Innovation Solution

A data sharing platform that allows users to consent to sharing transaction data with third parties, integrating transaction data with social media data for enhanced security and user control, using a system with a database, user interface, and interface with third parties to share data securely.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If transaction data is shared with third parties without user consent, then data sharing efficiency is improved, but user privacy control deteriorates

Engineering Contradiction:

Improvedata sharing efficiencyVSAvoiduser privacy control

Core Design Contradiction:

ProductivityVSObject-affected harmful factors

Solution Approach 1:

The system performs preliminary action by obtaining user consent before sharing transaction data. The method includes providing a user interface that presents selection options to the user, obtaining consent via these selections, and only then interfacing with third parties to share the transaction data. This ensures privacy control is maintained while enabling efficient data sharing.

Inventive Principle:

Principle #10Preliminary action

2Reliability

If transaction data is integrated with social media data, then fraud detection capability is improved, but system complexity deteriorates

Engineering Contradiction:

Improvefraud detection capabilityVSAvoidsystem complexity

Core Design Contradiction:

ReliabilityVSDevice complexity

Solution Approach 1:

The payment network operator acts as an intermediary that receives transaction data from the payment network and interfaces with social media platforms. This intermediary role simplifies the system architecture by centralizing the data integration function at the payment network operator level, rather than requiring direct integration between multiple independent systems.

Inventive Principle:

Principle #24Intermediary (Mediator)

3Object-affected harmful factors

If user consent mechanisms are implemented, then user privacy control is improved, but data sharing process complexity deteriorates

Engineering Contradiction:

Improveuser privacy controlVSAvoiddata sharing process complexity

Core Design Contradiction:

Object-affected harmful factorsVSDevice complexity

Solution Approach 1:

The user interface is designed with multi-functionality to handle various consent scenarios. It presents selection options that allow users to control different aspects of data sharing (what data, with whom, under what conditions) through a unified interface, rather than requiring separate mechanisms for each type of consent.

Inventive Principle:

Principle #6Universality (Multi-functionality)

Data Source

PatentUS10089632B2Data sharing platform

Publication Date: 2018.10.02 MASTERCARD INT INC

AI summary

A data sharing platform can be used to implement a method for allowing at least one entity which makes payments with a payment network to share transaction data. A database containing the transaction data from the at least one entity which makes payments with the payment network is maintained. A user interface is provided, which presents the at least one entity which makes payments with the payment network with at least one selection providing consent to sharing of at least a portion of the transaction data with at least one third party. The consent from the at least one entity which makes payments with the payment network is obtained, via the at least one selection. Interfacing takes place with the at least one third party to share the at least portion of the transaction data.