Intermediary Account System for Secure Virtual Currency Charging
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Solution Overview
Problem
Existing methods for charging virtual currency accounts over a network are inefficient and costly, relying heavily on remittance or cash methods, which are inconvenient and insecure, and do not effectively utilize network resources.
Innovation Solution
Establishing an intermediary account to facilitate secure and efficient account charging by receiving and managing charging amounts, with confirmation and payment processes managed through a network-based system, including setting time limits to expedite the process and reduce costs.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If remittance or cash method is used for charging virtual currency accounts, then the transaction can be completed, but the convenience of payment and security of the transaction deteriorates
Solution Approach 1:
The patent introduces an intermediary account system that acts as a mediator between the user's bank account and the virtual currency account. The intermediary account receives funds from the user's bank account and then credits the virtual currency account, eliminating the need for direct online banking transactions. This intermediary mechanism enhances both security (by avoiding direct online banking exposure) and convenience (by simplifying the charging process to basic bank transfers).
2Adaptability or versatility
If multiple charging users respond to one processing platform with large amounts of cash and remittance, then the charging coverage increases, but the processing efficiency and resource utilization deteriorates
Solution Approach 1:
The patent implements an automated intermediary account system that automatically processes charging requests without requiring manual intervention for each transaction. The system automatically receives remittance information, verifies fund arrivals, and credits virtual currency accounts accordingly. This automation enables the platform to handle multiple charging users simultaneously with high efficiency, maintaining adaptability while dramatically improving productivity through self-service processing.
3Ease of operation
If online banking is used for account charging, then the network-based charging is enabled, but the security and maximum exchange limit deteriorates due to low security and complicated procedures
Solution Approach 1:
The patent introduces an intermediary account system that acts as a mediator between the user's bank account and the virtual currency account. The intermediary account receives funds from the user's bank account and then credits the virtual currency account, eliminating the need for direct online banking transactions. This intermediary mechanism enhances both security (by avoiding direct online banking exposure) and convenience (by simplifying the charging process to basic bank transfers).
Solution Approach 2:
The patent creates a simplified copy of the online banking charging process through the intermediary account system. Instead of requiring users to navigate complex online banking interfaces and security protocols, the system copies the essential function (fund transfer) through a simpler bank remittance process, then automatically completes the virtual currency crediting. This copying approach maintains the network-based charging accessibility while eliminating the security and complexity issues of direct online banking.
Data Source
AI summary
The present invention provides an account charging method used for charging a user account over a network, including: establishing an intermediary account; saving a second user's charging amount sent by a first user in the intermediary account; and if a confirmation message of receiving a payment is received from the first user, transferring the said charging amount to an account of the second user. The invention facilitates and expedites the charging process, and thereby improves the account charging efficiency, fully utilizes network resources, and greatly reduces the cost of account charging. The intermediary account of the invention can ensure the security and integrity of the account charging process, and thus eliminates the bottleneck of too few online banking users and low maximum payment limitation of the public edition of online banking, increases network usage efficiency, and takes full advantages of speed, convenience and low cost of online transactions. This enables mass users to charge their accounts without having to activate online banking and without any limitation to maximum amount of payment.