Dynamic Card Transaction Parameter Control

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Solution Overview

Problem

Conventional systems for card-based and electronic payment transactions lack flexibility and efficiency, as they are rigid and unable to dynamically process transactions in real-time, especially when involving third-party funding sources, leading to delays in processing due to predetermined parameters and communication requirements.

Innovation Solution

The system dynamically determines processing parameters for electronic card transactions via an external gateway in real-time, sending a funding request to an external funding source and processing the transaction based on dynamic parameters, allowing for flexible and efficient processing within a response time deadline.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If conventional systems use predetermined parameters for transaction processing, then system simplicity is maintained, but flexibility and real-time adaptability deteriorate

Engineering Contradiction:

Improvereal-time dynamic controlVSAvoidsystem complexity

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The system dynamically determines processing parameters in real-time based on transaction characteristics and predefined parameter ranges, allowing the system to adapt to different transaction scenarios without being rigidly fixed. This dynamic approach enables real-time control while managing complexity through structured parameter ranges.

Inventive Principle:

Principle #15Dynamics

Solution Approach 2:

The system changes processing parameters dynamically during transaction processing based on transaction characteristics. By predefined parameter ranges and selecting appropriate parameters in real-time, the system achieves adaptability while maintaining manageable complexity through the use of ranges rather than unlimited possibilities.

Inventive Principle:

Principle #35Parameter changes

2Productivity

If conventional systems involve third-party funding sources with predetermined parameters, then funding options are provided, but processing time increases due to communication requirements

Engineering Contradiction:

Improvetransaction processing speedVSAvoidprocessing delay

Core Design Contradiction:

ProductivityVSLoss of time

Solution Approach 1:

The system performs preliminary actions by establishing predefined parameter ranges and transaction characteristics before actual transaction processing. This preparation enables faster real-time parameter determination during transaction processing, reducing delays when communicating with third-party funding sources.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The system rushes through the parameter determination process by using predefined ranges and transaction characteristics to quickly select appropriate parameters. This approach skips lengthy deliberation and enables rapid processing despite involving multiple external entities.

Inventive Principle:

Principle #21Skipping (Rushing through)

3Reliability

If conventional systems use rigid processing structures, then system stability is maintained, but ability to perform operations within required timeframes deteriorates

Engineering Contradiction:

Improvesystem stabilityVSAvoidreal-time processing capability

Core Design Contradiction:

ReliabilityVSProductivity

Solution Approach 1:

The system combines stability with dynamics by maintaining a stable structure of predefined parameter ranges and transaction characteristics while enabling dynamic parameter selection in real-time. This allows the system to remain reliable while achieving real-time processing capability.

Inventive Principle:

Principle #15Dynamics

Data Source

PatentUS20240257099A1Dynamically assigning card account parameters for just-in-time electronic card transactions

Publication Date: 2024.08.01 MARQETA INC

AI summary

This disclosure describes methods, non-transitory computer readable storage media, and systems that dynamically determine processing parameters for electronic card transactions involving funding sources via external gateways in real-time. Specifically, in response to receiving a transaction authorization request routed to a card processing system from a payment network, the disclosed system sends a funding request to an external gateway that services an external funding source of a payment card account. The disclosed system determines a set of dynamic processing parameters for the electronic card transaction based on characteristics of the transaction and predefined parameter ranges corresponding to the payment card account. Additionally, the disclosed system processes the transaction by funding the transaction from the external funding source according to the dynamic processing parameters. Furthermore, the disclosed system authorizes the electronic card transaction and determine the dynamic processing parameters within a response time deadline corresponding to the transaction authorization request.