Digital Account Credentials Before Physical Device Activation
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Solution Overview
Problem
Existing systems require users to wait for a physical account identification device and permanent account identifier before they can use a new account, preventing immediate transaction capabilities.
Innovation Solution
An intermediary entity, such as a digital credential issuing server computer, generates a digital account credential immediately upon account approval, allowing users to transact without the physical device, with the credential expiring or deactivating upon activation of the physical identifier.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If the authorizing entity waits for user validation of physical account device before marking account as active, then account security is improved, but user transaction capability is delayed
Solution Approach 1:
The system performs preliminary actions by issuing a temporary digital account credential to the user's device before the physical account device is received and validated. This allows the user to conduct transactions immediately upon account approval, eliminating the waiting period while maintaining security through the temporary nature of the credential that expires upon physical device activation.
Solution Approach 2:
A temporary digital account credential acts as an intermediary between account approval and physical device activation. This intermediary credential enables transaction capability during the transition period, bridging the gap between account creation and physical device receipt without compromising security requirements.
2Ease of operation
If the authorizing entity issues physical account identifying device and permanent account identifier immediately, then user transaction capability is improved, but device complexity and distribution logistics worsen
Solution Approach 1:
The system extracts the essential authentication function from the physical account device and implements it digitally through a temporary credential on the user's existing device. This eliminates the need for immediate physical device distribution while maintaining transaction capability, removing the logistical complexity of physical device issuance.
Solution Approach 2:
Instead of issuing a physical device, the system creates a digital copy or representation of account credentials that functions temporarily on the user's device. This digital credential replicates the necessary authentication capabilities without requiring physical manufacturing and distribution infrastructure.
3Device complexity
If the authorizing entity does not issue physical account identifying device immediately, then device complexity is reduced, but user transaction capability deteriorates
Solution Approach 1:
The system performs preliminary authentication setup by issuing a temporary digital credential before physical device issuance. This preliminary action enables immediate transaction capability while keeping the physical device issuance process simple and deferred, resolving the contradiction between reduced device complexity and maintained transaction capability.
Data Source
AI summary
An entity may generate digital account credentials when a new account is approved for generation by an authorizing entity that controls or issues new accounts. A user may contact an authorizing entity to open a new account with the authorizing entity. The authorizing entity may authenticate the user and may approve a new account to be generated for the user. The user may wish to conduct transactions immediately upon approval. However, the authorizing entity may not immediately generate a physical identification device along with an actual account identifier associated with the new account. An intermediary entity may generate digital account credentials for the new account immediately after the authorizing entity approves generation of the new account, provide the digital account credentials to the account holder, and process transactions using the digital account credentials.