Interchange System for Mobile Payment Transaction Control
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Solution Overview
Problem
Current systems lack effective methods to securely and conveniently control online transactions using mobile communications, particularly in managing access and funding for online activities across different mobile devices and carriers.
Innovation Solution
A system that includes a data storage facility to associate restriction data with phone numbers and an interchange that communicates with various controllers to confirm and process payment requests, allowing secure and convenient online transactions by interfacing with multiple mobile communication protocols and carriers.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If mobile communication systems are used to control online transactions, then convenience and accessibility are improved, but security and control over transactions deteriorate
Solution Approach 1:
The patent introduces an intermediary system that acts as a mediator between the mobile communication system and the online transaction processing. This intermediary validates and controls transaction requests, ensuring that convenience gains from mobile access do not compromise security. The intermediary layer filters and verifies transaction data before it reaches the processing system, thus maintaining security while enabling mobile accessibility.
2Adaptability or versatility
If multiple mobile carriers and protocols are supported, then adaptability and coverage are improved, but system complexity increases
Solution Approach 1:
The patent implements a universal interface layer that can handle multiple mobile communication protocols and carriers through a single unified system. This universal interface is configured to work with various controllers (SMS gateways, email systems, mobile carriers) without requiring separate dedicated systems for each, thus achieving multi-carrier support while controlling overall system complexity through standardization.
3Reliability
If restriction data is stored and processed, then transaction control and security are improved, but processing time and computational resources increase
Solution Approach 1:
The patent implements preliminary action by pre-configuring and storing restriction data in advance before actual transaction processing occurs. The system pre-establishes rules, limits, and control parameters for transactions, so that during actual payment processing, the system can quickly reference pre-defined restrictions rather than computing them in real-time. This reduces processing time while maintaining comprehensive transaction control.
Data Source
AI summary
Systems and methods are provided to selectively restrict payment transactions. In one aspect, a system includes: a data storage facility to store restriction data in association with a phone 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 mobile 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. In response to a payment request identifying the phone number and a merchant, the common format processor determines whether to reject the payment request based at least in part on the restriction data and the identity of the merchant. If the request is not rejected, the common format processor uses one of the converters to communicate with a telephonic apparatus at the phone number to confirm the payment request.