Interchange System for Cross-Carrier Mobile Payment Approval
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Solution Overview
Problem
Current systems for controlling online transactions lack efficient and secure methods for associating and utilizing mobile phone accounts to facilitate payments across different carriers and platforms, leading to security concerns and complexity in managing funds and approvals.
Innovation Solution
A system that includes a data storage facility associating first and second telephone numbers, with an interchange using a common format processor to communicate with various controllers, allowing for payment requests to be approved and processed through mobile phones, leveraging SMS and other protocols for secure and convenient transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If mobile phone accounts are used to control online transactions across different carriers, then transaction convenience and accessibility are improved, but system complexity and security management deteriorate
Solution Approach 1:
The patent introduces an intermediary system that acts as a mediator between mobile phone accounts from different carriers and the online transaction system. This intermediary layer handles the complexity of carrier-specific protocols and authentication mechanisms, allowing users to transact using their existing mobile accounts without exposing the underlying system complexity. The intermediary translates various carrier formats into a unified transaction protocol, enabling cross-carrier functionality while maintaining security.
2Speed
If mobile phone accounts are utilized for payment processing, then transaction speed and user experience are improved, but security risks and account association complexity worsen
Solution Approach 1:
The system performs preliminary actions by pre-associating mobile phone accounts with payment methods and verifying account relationships before transactions occur. The account association data is stored and validated in advance, so that during actual transactions, the system can quickly verify permissions without real-time complex validation. This preliminary setup enables fast transaction processing while maintaining security through pre-verified account relationships.
3Productivity
If account information is stored and processed through an interchange system, then payment processing capability is improved, but risk of information exposure and system vulnerability increases
Solution Approach 1:
The patent extracts sensitive account information from the transaction processing flow and stores it separately in a dedicated data storage facility. The interchange system processes transactions using references and identifiers rather than exposing actual account details. This separation extracts the harmful element (sensitive information exposure) from the useful function (transaction processing), allowing high productivity while minimizing security risks through reduced information exposure.
Data Source
AI summary
Systems and methods are provided to control online transactions via mobile communications. In one aspect, a system includes a data storage facility to store data associating a first telephone number with a second telephone number; and an interchange coupled with the data storage facility. The interchange includes a common format processor and a plurality of converters to interface with a plurality of controllers. The converters are configured to communicate with the controllers in different formats and to communicate with the common format processor in a common format. The common format processor is to receive a payment request including the first telephone number, identify the second telephone number based on the data, and communicate with a mobile phone at the second telephone number for approval of the payment request.