Generic Token for Digital Wallet Credential Management
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Current systems lack the ability to accurately and efficiently track interactions and control the usage of resource credentials associated with digital wallets, leading to difficulties in managing multiple digital wallets and potential misappropriation of credentials.
Innovation Solution
A system generates a generic token for a digital wallet, associating the wallet's identification code and resource credentials with it, allowing users to track interactions and dynamically control resource credential usage, while interacting with mobile devices, merchant networks, and authorization systems to enhance security and management.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If users manage multiple digital wallets directly, then they have access to multiple resource credentials, but the complexity of management increases and security control becomes difficult
Solution Approach 1:
The patent introduces a generic token as an intermediary between users and multiple digital wallets. The token associates with multiple resource credentials without exposing them directly to users. When interactions occur, the system dynamically selects appropriate credentials behind the scenes, reducing management complexity while maintaining access to multiple credentials.
Solution Approach 2:
The patent creates a simplified representation (generic token) that copies the essential function of multiple digital wallets without replicating their full complexity. The token serves as a lightweight proxy that enables access to underlying credentials while abstracting away the complexity of managing multiple wallets.
2Productivity
If resource credentials are exposed directly for interactions, then transactions can be completed, but security risks increase due to potential misappropriation
Solution Approach 1:
The generic token acts as a secure intermediary that stands between interaction requests and actual resource credentials. The token can be transmitted safely without exposing sensitive credential information. The system validates and routes transactions through the token association, completing transactions while maintaining security by never exposing raw credentials.
Solution Approach 2:
The patent extracts the essential identifying and routing information from complex credentials into a separate generic token format. This extracted representation can be safely shared and transmitted without exposing the sensitive components of actual credentials, thereby enabling transaction completion while removing security risks associated with credential exposure.
3Quantity of substance
If targeted notifications are sent to subsets of users, then data storage and processing capacity are reduced, but the system needs accurate tracking of user interactions to determine appropriate subsets
Solution Approach 1:
The generic token provides a simplified tracking mechanism that copies essential interaction information without requiring full credential details. By tracking tokens rather than complex credentials, the system reduces data storage requirements while maintaining accurate interaction records necessary for determining appropriate notification subsets.
Data Source
AI summary
Embodiments of the present invention provide a system for dynamic utilization of alternative resources based on token association. The system is typically configured for receiving a request from a user to generate a generic token for a digital wallet located on a mobile device of the user, generating the generic token and associating one or more resource credentials of the user with the generic token, transmitting the generic token to the mobile device of the user and storing the generic token in the digital wallet, receiving an interaction request from an authorization network to route an interaction, and routing the interaction to complete the interaction by selecting at least one resource credential from the one or more resource credentials associated with the generic token and transmitting the at least one resource credential to the authorization network.