Dynamic Payment Generator Form Adaptation
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Solution Overview
Problem
Customers face difficulties in conducting transactions across different banks due to varying internal procedures, currencies, languages, and regulations, which can lead to failed transactions if the required information is not provided in the correct format.
Innovation Solution
A dynamic payment generator system that prompts customers to enter information through a form generation tool, which dynamically changes based on real-time queries to a rules engine, ensuring that the information is formatted correctly for each bank's specific requirements, and 'learns' from past transactions to facilitate efficient organization and retrieval.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If a customer conducts a transaction across different banks without knowledge of specific bank procedures, then the customer can initiate a transaction, but the transaction may fail due to incorrect information format
Solution Approach 1:
The system implements real-time feedback by querying a rules engine as the customer enters information, providing immediate guidance on correct formats and requirements for each bank, thereby preventing transaction failures before they occur
Solution Approach 2:
The form generation tool acts as an intermediary between the customer and the bank's specific procedural requirements, translating complex bank-specific rules into user-friendly form fields and instructions
2Adaptability or versatility
If the form generation tool queries the rules engine in real-time, then the form dynamically adapts to bank requirements, but the system complexity increases
Solution Approach 1:
The form generation tool serves multiple functions: displaying forms, querying the rules engine, receiving feedback, and dynamically adjusting form fields based on bank requirements, thereby reducing the need for separate specialized components
Solution Approach 2:
The system creates a virtual copy of the bank's procedural rules through the rules engine, allowing the form to adapt to different bank requirements without modifying the actual bank systems or requiring complex integration logic
3Manufacturing precision
If the form dynamically changes based on customer input, then the information format accuracy improves, but the time to complete the form increases
Solution Approach 1:
The form pre-fills expected information based on previous transactions and customer profiles, reducing the time customers need to manually enter data while maintaining accuracy through real-time validation
Data Source
AI summary
Apparatus and methods for providing a dynamic payment generator are provided. A customer of a financial institution may desire to conduct a transaction involving a transferor or transferee financial institution without prior knowledge regarding unique and specific information required by the transferor or transferee institution. In some embodiments, apparatus and methods may detect information entered by the customer and dynamically prompt the customer for additional information required by the transferor or transferee institution. Apparatus and methods may pre-fill fields on a form displayed to the customer with information required by the transferor or transferee institution.