Dynamic Electronic Token Management for Transaction Reliability
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Solution Overview
Problem
Current token-based systems face performance issues due to premature token expiration, leading to failed transactions, increased network and processing loads, and diminished backend system performance, especially in e-commerce and merchant aggregator environments.
Innovation Solution
A system and method for generating and managing dynamic, customized electronic tokens with customizable expiration parameters, linked to specific transaction details, ensuring secure and efficient token usage, and automatic deactivation when expiration parameters are met, thereby reducing redundant token generation and processing burdens.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If tokens are generated with fixed expiration parameters, then security is improved, but transaction reliability deteriorates due to premature expiration
Solution Approach 1:
The patent implements dynamic token expiration parameters that adjust based on transaction status and timing. Instead of fixed expiration times, the system modifies token validity periods dynamically - extending expiration for pending transactions and reducing it for completed ones. This dynamic approach resolves the contradiction by allowing tokens to remain valid long enough to complete legitimate transactions while automatically expiring sooner to maintain security, thus improving both transaction reliability and security simultaneously.
Solution Approach 2:
The system changes token parameters (expiration time, validity period) based on transaction context and state. When a transaction is initiated, the token receives an appropriate expiration parameter; when the transaction status changes (e.g., items shipped, payment processed), the parameter is adjusted. This parameter adaptation allows the token to maintain security while avoiding premature expiration that would cause transaction failures.
2Reliability
If tokens expire prematurely to maintain security, then security is improved, but network and processing load increase due to redundant token requests
Solution Approach 1:
The patent implements a feedback mechanism where the system continuously monitors transaction status and token usage. When a transaction is initiated, the system provides feedback by setting appropriate expiration parameters. When the transaction progresses (items shipped, payment received), the system sends feedback to adjust the token's expiration parameter accordingly. This feedback loop prevents premature expiration while maintaining security, thereby reducing redundant token requests and improving processing efficiency.
Solution Approach 2:
The system performs preliminary actions by pre-configuring appropriate expiration parameters based on expected transaction duration and type before the token is used. This preliminary setup prevents the need for frequent token regeneration by ensuring the initial token remains valid throughout the transaction lifecycle, thereby reducing network load and processing requirements while maintaining security.
3Reliability
If custom expiration parameters are implemented, then transaction reliability is improved, but device complexity increases
Solution Approach 1:
The patent implements a universal token management approach where a single token generation system handles multiple transaction types and scenarios by adjusting expiration parameters. The same token generation device serves multiple functions: creating tokens for different transaction types (new purchases, backordered items, split shipments), managing different expiration scenarios, and coordinating with various system components. This multi-functionality reduces the need for separate specialized systems, thereby managing complexity while improving transaction reliability through customized parameters.
Data Source
AI summary
Systems and methods are provided for generating and managing dynamic customized electronic tokens for electronic device interactions. A system for transferring data between a user device associated with a user and a remote device may include a memory storing instructions and a processor configured to execute the stored instructions. The stored instructions may configure the processor to receive, via a network, transaction information from the remote device, access information associated with an electronic token, and provide the electronic token to the remote device. The electronic token may be associated with at least one of the user or the user device, and a token server may generate the electronic token based on the received transaction information, and determine one or more expiration parameters for the electronic token.