Digital Transaction Slip Validation System

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Solution Overview

Problem

The use of paper slips in financial transactions is unwieldy, requiring additional operations for printing, storage, and validation, which can increase processing time and waste in banking operations.

Innovation Solution

A financial transaction validation system that processes circuitry to receive transaction information, generate a validation string, merge it with a validation slip image, and store the modified image in a database, eliminating the need for paper slips and printers.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If paper slips are used for transaction validation, then physical records can be maintained, but processing time increases and operational complexity increases

Engineering Contradiction:
Improvetransaction validation reliabilityVSAvoiddeposit processing time
Core Design Contradiction:
ReliabilityVSLoss of time

Solution Approach 1:

The patent replaces the mechanical paper slip system with a digital image processing system. Instead of physically printing, handling, and storing paper slips, the system captures images of slips, processes them digitally, and stores them in a database. This substitution eliminates the time-consuming mechanical operations of paper handling while maintaining validation reliability through digital image analysis and validation string verification.

Inventive Principle:
Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The patent creates digital copies of paper slips by capturing images of the physical slips. These digital images serve as replicas that can be processed, validated, and stored without requiring the original physical slip to be manually handled. The validation string is also generated as a digital copy/representation of the validation information, enabling automated processing while maintaining the integrity of the original transaction data.

Inventive Principle:
Principle #26Copying

2Reliability

If paper slips and printers are used for validation, then transaction data can be recorded, but device complexity and operational steps increase

Engineering Contradiction:
Improvetransaction recording accuracyVSAvoidvalidation system complexity
Core Design Contradiction:
ReliabilityVSDevice complexity

Solution Approach 1:

The patent implements a multi-functional system where a single digital processing platform performs multiple tasks: capturing slip images, generating validation strings, merging validation data with slip images, and storing records in a database. This universal system replaces multiple separate devices (cameras, printers, validation systems, storage systems) with one integrated solution, reducing overall device complexity while maintaining transaction recording accuracy.

Inventive Principle:
Principle #6Universality (Multi-functionality)

Solution Approach 2:

The patent merges the validation string generation, validation data overlay, and image processing functions into a single integrated process. Instead of separate operations for printing validation information and handling paper slips, the system combines these functions by digitally overlaying validation strings onto captured slip images, thereby reducing the number of discrete devices and operational steps required.

Inventive Principle:
Principle #5Merging (Combining)

3Reliability

If paper slips are printed and stored, then transaction records are maintained, but material waste increases

Engineering Contradiction:
Improvetransaction record integrityVSAvoidpaper waste
Core Design Contradiction:
ReliabilityVSLoss of substance

Solution Approach 1:

The patent substitutes the physical paper-based recording system with a digital storage system. Instead of printing transaction validation information on paper slips that must be physically stored and eventually discarded, the system stores digital images of slips and associated validation data in a database. This substitution eliminates paper waste while maintaining transaction record integrity through secure digital storage and retrieval capabilities.

Inventive Principle:
Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The patent eliminates the need to discard physical paper slips by transitioning to a digital system where transaction records are recovered and accessed electronically. The digital images and validation strings are stored in a database and can be retrieved as needed without requiring physical paper storage space. This approach recovers the value of transaction records while eliminating the substance waste associated with paper consumption.

Inventive Principle:
Principle #34Discarding and recovering

Data Source

PatentUS20240257123A1Device and method for validation and processing of a transaction slip image
Publication Date: 2024.08.01 GLORY LTD
  • US20240257123A1 patent drawing
  • US20240257123A1 patent drawing
  • US20240257123A1 patent drawing

AI summary

A financial transaction validation system comprises processing circuitry configured to: receive transaction information, relating to a transaction, and a validation slip image corresponding to the transaction information; generate a validation string corresponding to the validation slip image; merge the validation string with the validation slip image to generate a modified slip image; and store, in a database, the modified slip image in association with a transaction identifier corresponding to the transaction.