Fractional Stock Reward System for Real-Time Transaction Matching
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Solution Overview
Problem
Consumers face challenges in regularly purchasing stock equity securities based on their everyday spending activities due to the lack of efficient communication between remote servers, mobile devices, and point-of-sale systems, which hinders the ability to reward purchasing habits with equity investments in real-time.
Innovation Solution
A computer-implemented method and system that receives transaction strings from remote stations, verifies user accounts, maps strings to ticker symbols in a database, and transmits messages to users about fractional stock rewards, enabling cardholders to earn fractional shares of stock or ETFs based on purchases made using debit or credit cards.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If real-time communication between remote servers, mobile devices, and point-of-sale systems is implemented to reward purchasing habits with equity investments, then consumer engagement and investment participation are improved, but system complexity and infrastructure requirements worsen
Solution Approach 1:
The patent introduces a centralized server system as an intermediary that coordinates communication between mobile devices, point-of-sale systems, and investment platforms. This intermediary handles the complex data matching and reward allocation processes, simplifying the overall system architecture while enabling real-time consumer engagement and investment rewards.
2Speed
If efficient data matching between transaction strings and database entries is performed in real-time, then reward delivery speed is improved, but processing time and computational resources worsen
Solution Approach 1:
The patent implements preliminary action by pre-establishing database entries with transaction string patterns and corresponding investment rewards before actual purchases occur. When a transaction happens, the system only needs to match the transaction string against pre-defined patterns rather than performing complex real-time analysis, significantly reducing processing time while maintaining fast reward delivery.
3Ease of operation
If fractional stock rewards are automatically allocated to user accounts based on purchase transactions, then ease of operation is improved, but accuracy in mapping transaction data to correct securities worsens
Solution Approach 1:
The patent implements feedback mechanisms where the system provides verification information to consumers about their awarded fractional shares, including details about the securities and how to access them. This feedback loop allows consumers to verify the accuracy of the mapping and report any discrepancies, improving overall data mapping accuracy while maintaining ease of operation through automatic allocation.
Data Source
AI summary
A method that includes receiving a string from a remote station, the string associated with an interaction event between a user and the remote station, is provided. The method includes verifying that the string includes a content validation for a user account in a network service, mapping at least a portion of the string to a ticker symbol associated with an entry in a database and transmitting, to the user, a message indicating that a fractional value associated with the ticker symbol has been added to the user account in the network service. A system configured to execute the above method is also provided.