Intermediary System for Real-Time Account Activation

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Solution Overview

Problem

The existing online gambling services face delays in account opening due to the need for manual verification processes, which can deter potential users and hinder real-time trading activities.

Innovation Solution

A system and method that enables real-time account activation and risk assessment for users, allowing them to participate in online gambling activities by receiving requests to place orders, matching orders based on prices, and establishing obligations, thereby facilitating immediate account access and trading.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If manual verification processes are used for account opening, then reliability of account approval is improved, but loss of time and productivity deteriorate

Engineering Contradiction:
Improveaccount approval reliabilityVSAvoidaccount opening time
Core Design Contradiction:
ReliabilityVSLoss of time

Solution Approach 1:

The patent introduces an intermediary system that acts as a bridge between users and the online gambling service. This intermediary automatically verifies user information, performs risk assessments, and pre-approves accounts before users attempt to access the gambling platform. By moving the verification process to an intermediary layer, the system maintains reliability through thorough checks while dramatically reducing account opening time from days to minutes.

Inventive Principle:
Principle #24Intermediary (Mediator)

Solution Approach 2:

The system performs preliminary verification and risk assessment actions before the user actually attempts to open an account on the gambling platform. User information is validated, credit checks are conducted, and accounts are pre-approved in advance. This preliminary action eliminates the need for time-consuming manual verification at the point of account opening, thereby reducing loss of time while maintaining reliability.

Inventive Principle:
Principle #10Preliminary action

2Reliability

If manual verification and mailings are required for account approval, then reliability of user screening is improved, but productivity and ease of operation deteriorate

Engineering Contradiction:
Improveuser screening reliabilityVSAvoidaccount opening speed
Core Design Contradiction:
ReliabilityVSProductivity

Solution Approach 1:

The patent replaces manual mechanical verification processes with automated electronic systems. Instead of requiring users to mail physical documents and wait for manual review, the system uses automated electronic verification of user information, credit checks, and identity validation. This substitution of mechanical processes with automated electronic processes maintains screening reliability while dramatically increasing account opening speed and productivity.

Inventive Principle:
Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The system enables users to complete the verification and account opening process themselves through automated interfaces. Users submit their information electronically, and the system automatically performs all necessary validations and approvals without requiring manual intervention from gambling service staff. This self-service approach maintains thorough screening while significantly improving productivity and ease of operation.

Inventive Principle:
Principle #25Self-service

3Productivity

If real-time account activation is implemented, then productivity and user experience are improved, but device complexity and measurement precision requirements increase

Engineering Contradiction:
Improveaccount activation speedVSAvoidsystem complexity
Core Design Contradiction:
ProductivityVSDevice complexity

Solution Approach 1:

The patent divides the account activation system into distinct modular components: user information collection module, automated verification module, risk assessment module, and account activation module. Each component performs a specific function and can be independently developed, tested, and maintained. This segmentation manages system complexity by breaking down the complex real-time activation process into manageable, independent modules that work together seamlessly.

Inventive Principle:
Principle #1Segmentation

Solution Approach 2:

The intermediary system serves as a buffer between the user and the complex gambling platform infrastructure. It handles all the complex verification, validation, and risk assessment processes in advance, so that when a user requests account activation, the complex work has already been completed. This intermediary layer shields the user from system complexity while enabling rapid real-time account activation.

Inventive Principle:
Principle #24Intermediary (Mediator)

Data Source

PatentUS7716113B2System and method for providing an intermediary for a transaction
Publication Date: 2010.05.11 CANTOR INDEX LLC
  • US7716113B2 patent drawing
  • US7716113B2 patent drawing
  • US7716113B2 patent drawing

AI summary

A method of providing an intermediary for a transaction is provided. The method includes receiving a first request to place a first order to trade a first product at a first price, the first product being associated with one or more events. The first order is placed. The method further includes receiving a second request to place a second order to trade the first product at a second price. The second order is placed. A match between the first order and the second order is identified based at least in part on the first price of the first order and the second price of the second order. A first set of one or more obligations is established based at least in part on the first order, and a second set of one or more obligations is established based at least in part on the second order.