Electronic Authorization System for Resource Transfer

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Solution Overview

Problem

Existing systems face challenges in accurately, efficiently, and securely authorizing recipient users and their associated resource distribution instruments over electronic networks, leading to difficulties in resource distribution.

Innovation Solution

A system that generates an electronic copy of a resource distribution instrument, transmits an authorization request, receives an electronic authorization response, and authenticates it based on verified responses and geolocation identifiers, ensuring secure and efficient authorization.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If traditional authorization methods are used for resource distribution instruments, then the process is simpler, but security and accuracy are compromised

Engineering Contradiction:

Improveauthorization accuracyVSAvoidsystem complexity

Core Design Contradiction:

ReliabilityVSDevice complexity

Solution Approach 1:

The authorization system is divided into distinct functional modules: image capture device for acquiring the resource distribution instrument, processing device for generating electronic copies and comparing authorization responses, and database for storing verified responses. This segmentation allows each component to specialize in specific tasks, improving overall authorization accuracy while managing system complexity through modular design.

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The system performs preliminary actions by capturing and storing verified electronic authorization responses (signatures, biometrics) and geolocation identifiers in advance during user registration. When a resource distribution instrument is presented, the system compares the captured authorization response against these pre-stored verified responses, enabling accurate and secure authorization without complex real-time verification procedures.

Inventive Principle:

Principle #10Preliminary action

2Productivity

If manual authorization verification is performed, then system complexity is reduced, but processing time and efficiency decrease

Engineering Contradiction:

Improveauthorization speedVSAvoidsystem complexity

Core Design Contradiction:

ProductivityVSDevice complexity

Solution Approach 1:

The system replaces manual mechanical verification processes with automated electronic comparison. The processing device automatically generates electronic copies of resource distribution instruments, captures authorization responses (signatures, biometrics), compares them against stored verified responses using algorithmic matching, and determines authorization status. This substitution dramatically increases authorization speed while the modular architecture manages the resulting system complexity.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The system creates electronic copies of resource distribution instruments and stores verified authorization responses as digital replicas. These electronic copies enable rapid comparison and verification without handling physical documents, significantly improving processing speed. The copying mechanism allows the system to efficiently reproduce and compare authorization data while managing complexity through standardized digital formats.

Inventive Principle:

Principle #26Copying

3Reliability

If multiple authorization verification methods are implemented, then security is improved, but computing resources and network traffic increase

Engineering Contradiction:

Improveauthorization securityVSAvoidcomputing resource consumption

Core Design Contradiction:

ReliabilityVSUse of energy by moving object

Solution Approach 1:

The system implements a tiered authorization approach where the level of verification applies partial or excessive action based on risk assessment. For low-risk transactions, simpler verification (e.g., electronic signature alone) may suffice. For higher-risk transactions, the system applies excessive action by combining multiple verification methods (signature plus biometric plus geolocation). This selective application of verification depth improves security while optimizing computing resource consumption by avoiding unnecessary complex verifications for all transactions.

Inventive Principle:

Principle #16Partial or excessive action

Data Source

PatentUS20240161096A1Systems, methods, and apparatuses for electronic authorization for transfer of an electronic resource

Publication Date: 2024.05.16 BANK OF AMERICA CORP

AI summary

Systems, computer program products, and methods are described herein for electronic authorization for transfer of an electronic resource. The present disclosure is configured to generate an electronic copy of a resource distribution instrument, wherein the resource distribution instrument identifies a recipient account; transmit an electronic authorization request to a device associated with a resource distribution, wherein the device associated with the resource distribution is a device associated with a recipient user of the recipient user account; receive an electronic authorization response from the user device associated with the recipient user, wherein the electronic authorization response comprises at least one of an electronic signature or a captured physical characteristic; and generate an authorization of the resource distribution instrument based on the electronic authorization response.