Direct Mandate Transfer Flow for Secure Value Authorization
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Solution Overview
Problem
Conventional value transfer systems face processing errors, require resource providers to adapt to third-party backend systems, and expose sensitive information, making them vulnerable to hacking and man-in-the-middle attacks.
Innovation Solution
A method and system where a processing computer directly communicates with a user device to create and manage mandates without an intermediary resource provider computer, handling transfer processing and providing real-time updates, while maintaining secure communication.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If a third-party backend processing system is used to process value transfers, then processing capability is improved, but system complexity and coordination requirements increase
Solution Approach 1:
The patent introduces a standardized interface layer that acts as an intermediary between resource providers and the backend processing system. This interface absorbs the complexity of coordinating with the third-party system, allowing resource providers to interact through simple, well-defined protocols while the backend handles complex processing operations.
Solution Approach 2:
The system is segmented into distinct functional layers: the resource provider layer that handles user interactions, the standardized interface layer that manages communication protocols, and the backend processing layer that executes value transfers. This segmentation allows each layer to be optimized independently and reduces the complexity burden on resource providers.
2Adaptability or versatility
If the resource provider system continuously updates to accommodate backend system changes, then compatibility is improved, but maintenance burden and time consumption increase
Solution Approach 1:
The standardized interface is designed in advance to anticipate and accommodate future backend system changes. By establishing a robust, forward-compatible interface specification beforehand, the system can adapt to backend evolution without requiring resource providers to continuously update their systems.
Solution Approach 2:
The interface includes built-in feedback mechanisms that automatically detect and adapt to backend system changes. Error messages and status updates are standardized and automatically processed, reducing the need for manual system updates and coordination between the backend and resource providers.
3Productivity
If sensitive information such as account numbers is transmitted through the resource provider, then value transfer functionality is improved, but security risk increases
Solution Approach 1:
The patent extracts sensitive information handling from the resource provider system and concentrates it in the standardized interface layer and backend processing system. Resource providers only handle non-sensitive data, while account numbers and other sensitive information are processed exclusively through secure, dedicated channels that minimize exposure and reduce hacking risks.
Data Source
AI summary
A method is disclosed. The method includes a) receiving, from a resource provider computer, a request to create a mandate, b) communicating with a user device, c) creating the mandate, and d) providing, to the resource provider computer, a mandate identifier for the mandate. The method also includes e) receiving a call from the resource provider computer with the mandate identifier to initiate a transfer associated with the mandate, f) initiating the transfer associated with the mandate by initiating transfer processing, g) providing to the user device, information regarding the transfer processing, and h) notifying the user device that the transfer processing for the transfer has been authorized. Steps b)-g) are performed while the user device is in communication with the processing computer without the resource provider computer as an intermediary between the user device and the processing computer.