Mobile Credit File Access Control via Gesture
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Current credit file locking and unlocking processes are cumbersome, time-consuming, and inconvenient, often requiring multiple layers of security, lengthy documentation, and can lead to missed opportunities for users and merchants due to delays and lack of control over credit data access.
Innovation Solution
A system that allows users to control access to their credit data through a mobile device via touch gestures, providing real-time or near real-time locking and unlocking capabilities, with customizable access rights and notifications, enabling users to authorize access to specific entities or purposes.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional credit file locking and unlocking processes are used, then security is maintained through multiple authentication layers, but the process becomes time-consuming and cumbersome requiring lengthy documentation and human review
Solution Approach 1:
The system performs preliminary authentication and verification during the initial lock placement, storing verified identity information. When unlock is requested, the system retrieves pre-verified information and performs automated validation, eliminating the need for repeated human review of authentication documents during each unlock operation.
Solution Approach 2:
The patent replaces manual human review processes with automated electronic verification systems. Biometric sensors, digital document verification, and automated identity validation algorithms substitute for human reviewers, dramatically reducing processing time while maintaining or enhancing security standards.
2Reliability
If multiple security features are implemented for authentication, then security is enhanced, but the complexity of the process increases requiring multiple documents, passwords, and biometric sensors
Solution Approach 1:
The system merges multiple authentication factors (biometric data, document verification, identity information) into a single integrated authentication process. All verification steps are combined into one unified electronic workflow that can be completed through a single interface, reducing the perceived complexity for users while maintaining multi-layered security.
Solution Approach 2:
The system enables users to complete authentication and verification processes themselves through automated self-service interfaces. Users can upload documents, provide biometric data, and verify their identity through automated systems without requiring assistance from credit bureau representatives or manual processing, simplifying the user experience while maintaining security.
3Reliability
If traditional lock/unlock processes are used, then credit data security is maintained, but users lose control over their credit files and cannot grant access to specific third parties
Solution Approach 1:
The system segments the credit file access control into granular permissions, allowing users to grant access to specific third parties for specific purposes and time periods. Instead of a single lock/unlock state, the system creates segmented access rights that can be independently controlled, enabling users to maintain security while providing targeted access to credit data.
Solution Approach 2:
The system transforms static lock/unlock states into dynamic access control mechanisms. Users can modify their permissions in real-time, granting or revoking access rights as needed. The system continuously monitors and updates access rights based on user decisions, enabling flexible control over credit data while maintaining security through automated enforcement of permission settings.
4Loss of energy
If fees are charged for each lock/unlock request, then revenue is generated, but the cost to users increases making the process less accessible
Solution Approach 1:
The system implements continuous monitoring and automated management of credit file access rights, allowing users to maintain control without repeatedly initiating lock/unlock cycles. Once access permissions are configured, the system continuously enforces them without requiring user intervention or additional fees for each access event, reducing user costs while maintaining revenue through sustained service delivery.
Data Source
AI summary
The systems and methods described herein allow users to control access to regulated data of the user (stored in a secured third party database) through interaction on a mobile device (or other computing device), such as to provide a touch gesture on the mobile device that causes the users regulated data to be accessible to a third party. The regulated data may include credit data of the user, such as a credit report or credit file. Access rights to the regulated data may be provided in real-time (or near real-time) in response to a request for the data from a third party, for example. The system may allow a user to respond to an alert or notification that is automatically sent to the computing device of the user in response to a request for a secure regulated data of the user.