Dynamic Transaction Product Customization Platform

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Solution Overview

Problem

Current transaction systems lack the ability for end users to customize transaction products and value unit conversions on a per-transaction basis, limiting the creation of diverse financial instruments and increasing efficiency and cost associated with value unit exchange.

Innovation Solution

A platform with a graphical user interface control console allows institutions to dynamically create transaction products and value unit conversion and utilization products, enabling end users to manage and configure transaction products and value unit transactions, including multiple value unit wallets and exchange processor for creating conversion rates across different value units.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If hard-coded software is used to provide financial products at issuing institutions, then transaction rules can be established and enforced, but the system lacks flexibility for end users to customize transaction products and value unit conversions on a per-transaction basis

Engineering Contradiction:

Improvecustomization capabilityVSAvoidsystem architecture

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The patent segments the transaction product into configurable components including value unit definitions, conversion rates, and transaction rules that can be independently customized. The system divides the monolithic hard-coded architecture into modular elements that can be assembled dynamically based on user needs, allowing customization without requiring complete system redesign.

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The system transitions from static hard-coded rules to dynamic configurable parameters. Transaction products and value unit conversions are no longer fixed at development time but can be modified at runtime through user input, enabling the system to adapt to changing requirements while maintaining operational flexibility.

Inventive Principle:

Principle #15Dynamics

2Productivity

If traditional transaction systems are used, then basic payment processing can be performed, but efficiency and cost associated with value unit exchange are increased

Engineering Contradiction:

Improvetransaction processing efficiencyVSAvoidoperational cost

Core Design Contradiction:

ProductivityVSLoss of energy

Solution Approach 1:

The system performs preliminary configuration of value unit conversion rates and transaction product parameters before actual transactions occur. By pre-establishing conversion frameworks and validation rules, the system eliminates the need for complex real-time calculations and approvals, thereby improving processing efficiency and reducing operational overhead.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

End users are empowered to self-configure their own transaction products and value unit preferences without requiring manual intervention from issuers or intermediaries. This self-service capability automates the customization process, reducing administrative costs and improving transaction speed while maintaining system control through predefined constraints.

Inventive Principle:

Principle #25Self-service

3Adaptability or versatility

If end users cannot configure transaction products, then system management is simplified, but the ability to create diverse financial instruments and manage value units is limited

Engineering Contradiction:

Improveproduct diversityVSAvoiduser control

Core Design Contradiction:

Adaptability or versatilityVSEase of operation

Solution Approach 1:

The system implements a universal configuration framework that can accommodate multiple types of financial instruments and value units through a single interface. This multi-functional architecture allows end users to create diverse transaction products using the same underlying system, expanding product variety without complicating the user experience or requiring separate management systems.

Inventive Principle:

Principle #6Universality (Multi-functionality)

Data Source

PatentUS12175532B2System and method for dynamic user-based customization of a transaction product

Publication Date: 2024.12.24 EPISODE SIX LTD

AI summary

In a preferred embodiment of the invention, transaction systems create instruments and transaction products using a transaction product computer. The transaction product computer accepts transaction product input as a means to customize a transaction product that can be offered to end users. The platform has a product engine that accepts parameters and builds an application programming interface transaction product that enables user devices to manage and configure aspects of the transaction product and value unit transactions at the product level and on a per-transaction basis.