Financial Transaction Content Location Identifier System
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Solution Overview
Problem
Conventional online financial applications lack the capability to provide users with comprehensive content related to financial transactions beyond basic transaction details, and they do not allow requestors to associate or present content with financial transactions, nor do they generate content location identifiers for storing and retrieving associated content within financial instructions.
Innovation Solution
A system and method that enables a service provider to receive requests for financial transactions, generate and store content related to these transactions, create content location identifiers, and include these identifiers in debit or credit instructions, allowing financial institutions to access and present associated content to users.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If conventional online financial applications only provide basic transaction details, then the system complexity remains low, but the comprehensiveness of financial information presented to users is insufficient
Solution Approach 1:
The patent segments financial information into structured data fields (e.g., transaction amount, merchant name, category, location) that can be independently processed and presented. This allows comprehensive information delivery without overwhelming system complexity, as each data element can be handled separately through standardized interfaces.
Solution Approach 2:
The patent introduces an intermediary layer (the financial application system with standardized data structures) between the transaction processing backend and the user interface. This intermediary structures and organizes raw transaction data into comprehensible financial information, enabling complete information presentation while shielding the complexity of data processing from both users and underlying systems.
2Adaptability or versatility
If no content association capability is provided, then the transaction processing is simple, but the ability to present related content to users is limited
Solution Approach 1:
The patent creates a universal content association mechanism that can handle multiple types of content (images, descriptions, promotional material) through a single standardized interface. The content location identifier system provides multi-functional capability to associate, store, and retrieve various content types without requiring separate processing logic for each content kind, thereby enhancing versatility while maintaining transaction processing simplicity.
Solution Approach 2:
The patent adds a new dimension to transaction processing by introducing content location identifiers as a separate layer of information. Instead of embedding content directly in transaction records (which would increase complexity), the system uses identifiers that point to content stored elsewhere, effectively moving content management to a different dimensional space and keeping transaction processing lightweight.
3Ease of operation
If content is not integrated into transaction instructions, then the data transmission is efficient, but the user experience regarding content access is poor
Solution Approach 1:
The patent extracts content from the core transaction data transmission flow and stores it separately, accessible only through content location identifiers. This extraction allows efficient data transmission for essential transaction information while providing users access to comprehensive content through the identifier system, thereby improving user experience without bloatting data transmission with unnecessary content volume.
Solution Approach 2:
The patent performs preliminary actions by pre-associating content location identifiers with transaction instructions before execution. This allows the system to prepare content access pathways in advance, so when users need related content, it can be quickly retrieved using the pre-established identifiers without requiring additional data transmission or processing during the transaction moment, thus improving ease of operation while maintaining data transmission efficiency.
Data Source
AI summary
Systems, methods and computer-readable media for facilitating the provision of content associated with a financial transaction are disclosed. The content may be identified by a requestor of the financial transaction or any party to the financial transaction. The content may also be generated by a service provider system that executes the financial transaction. A content location identifier that identifies a location where the content is stored may be identified or generated and may be included in or otherwise provided in association with a debit or credit instruction. The content location identifier may facilitate access to the content by any of a variety of systems or users.