Entity-Specific Authentication Credentials for Payment Convenience
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Solution Overview
Problem
Existing payment systems require users to repeatedly log into their accounts for each transaction with different entities, making the process cumbersome and time-consuming.
Innovation Solution
A payment provider can network a previously established link with a user's account, allowing authentication information to be shared with multiple third parties without the user needing to log in each time, subject to certain conditions and access controls.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If account information is saved by a payment provider for subsequent payments, then payment convenience is improved, but security and access control complexity increases
Solution Approach 1:
The patent segments the authentication process by creating separate authentication credentials for different entities. Instead of using a single set of account credentials across all transactions, the system generates entity-specific authentication credentials that are tied to particular third parties, allowing convenient automated payments while maintaining security through differentiated access control
Solution Approach 2:
The patent applies local quality by implementing entity-specific authentication credentials with customized access controls for different third parties. Each credential set has specific permissions and scopes tailored to the relationship between the user and that particular entity, rather than applying uniform access control across all transactions
2Reliability
If users log in repeatedly for each transaction with different entities, then security is maintained, but transaction time increases
Solution Approach 1:
The patent applies preliminary action by pre-establishing trusted relationships between users and third parties before transactions occur. During account setup, users authenticate with entities and establish credential pairs in advance, so that subsequent transactions can proceed automatically using these pre-configured credentials without requiring repeated login processes
3Adaptability or versatility
If authentication information is shared with multiple third parties, then payment versatility is improved, but information security risk increases
Solution Approach 1:
The patent segments authentication information into separate credential pairs for each third party entity. Instead of sharing a single set of account credentials across multiple entities, the system creates distinct authentication credentials tied to specific relationships, allowing versatile multi-entity payments while minimizing security risk through isolation of authentication data
Solution Approach 2:
The payment provider acts as an intermediary that manages and protects authentication credentials between users and third parties. The system stores and handles sensitive authentication information securely on the payment provider's servers, eliminating the need for users to directly share account credentials with multiple entities while still enabling versatile payments across different platforms
Data Source
AI summary
A service provider server establishes a link to network (e.g., share) and reduce steps to complete a transaction between an electronic device of a user and a third party server. When the user, via their electronic device, accesses a service provider server to conduct a transaction between the user and the third party server, the service provider server may store the user account data and/or access information for accessing the user account data, received from a financial institution, as a link. When the user, via their electronic device, accesses the service provider server again to transact with a subsequent third party server, the service provider server may receive a request from the subsequent third party server for user account data. The service provider server may use the link to provide other third parties with the user account data, subject to one or more conditions imposed on the payment provider.