Identity Verification Passcode Generation Across Entities
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Current systems lack an efficient and effective method for verifying a user's identity across different entities, such as banks and merchants, often requiring manual verification processes that are time-consuming and inefficient.
Innovation Solution
A computer-implemented method and system that generates a passcode based on authentication data from a user's device, allowing for secure verification of identity by validating the passcode, which can be communicated between issuer systems and user devices, enabling efficient identity verification across entities.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If manual verification procedures are used for new customers, then identity verification can be performed, but the process becomes time-consuming and inefficient
Solution Approach 1:
The system performs preliminary identity verification by checking authentication data against existing records in issuer systems before the customer arrives at the physical location. This preliminary action retrieves previously verified identity information, eliminating the need for redundant manual verification steps and significantly reducing processing time while maintaining verification reliability.
Solution Approach 2:
The patent introduces an intermediary verification system that acts as a mediator between the customer and the issuer system. This intermediary automatically exchanges authentication data and verification requests between different entities, streamlining the verification process and eliminating manual intervention while ensuring reliable identity confirmation through standardized communication protocols.
2Measurement precision
If comprehensive authentication data is collected for verification, then verification accuracy improves, but system complexity increases
Solution Approach 1:
The verification system is segmented into distinct functional modules: an authentication data reception module that collects verification information, a processing module that validates the data against issuer systems, and a result generation module that outputs verification outcomes. This segmentation allows comprehensive authentication data to be processed systematically through specialized components, maintaining high verification accuracy while managing system complexity through modular architecture.
Solution Approach 2:
The system employs universal authentication data formats and standardized communication protocols that can handle multiple types of verification requests (identity verification, account validation, customer authentication) through a single unified platform. This multi-functionality enables the system to process diverse authentication data types without requiring separate specialized systems for each verification scenario, thereby reducing overall system complexity while maintaining comprehensive verification capabilities.
Data Source
AI summary
Provided is a computer-implemented method for verifying a user identity, including: receiving, from a user device, authentication data for a user, the authentication data including an account identifier corresponding to an account with a first issuer institution; generating, with at least one processor and based at least partially on the authentication data, a passcode; communicating the passcode to the user device or a second device associated with the user; receiving, with at least one processor, a verification request comprising the passcode; and verifying, with at least one processor, an identity of the user based on validating the passcode.