Mobile Payment Intermediary System for Secure Transactions
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Solution Overview
Problem
Current mobile communication systems lack efficient methods for facilitating online transactions, particularly in securing and simplifying the process of sending premium messages and managing funds via mobile devices, which are essential for premium services and online purchases.
Innovation Solution
A system comprising converters and a common format processor that interfaces with various controllers to send premium messages, allowing users to initiate and confirm online transactions through mobile applications, utilizing SMS, email, or other protocols, and securely managing funds by integrating with mobile phone bills and financial accounts.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If users directly input financial information for online transactions, then transaction capability is improved, but security risk increases
Solution Approach 1:
The patent introduces an intermediary system that uses mobile phone number and SMS verification as a mediator between users and financial transactions. Instead of directly handling sensitive financial information, the system uses the mobile device as an intermediary authentication channel, receiving verification codes via SMS and processing transactions through the carrier's billing system, thereby eliminating the need for users to expose financial details.
2Adaptability or versatility
If multiple payment systems are integrated, then transaction versatility is improved, but system complexity increases
Solution Approach 1:
The patent creates a universal payment interface that works across multiple communication protocols (SMS, email, MMS) and carrier systems. The system is designed to handle different message types and delivery mechanisms through a single unified architecture, allowing users to transact via any supported protocol without requiring separate systems for each communication method.
Solution Approach 2:
The patent introduces an intermediary system that uses mobile phone number and SMS verification as a mediator between users and financial transactions. Instead of directly handling sensitive financial information, the system uses the mobile device as an intermediary authentication channel, receiving verification codes via SMS and processing transactions through the carrier's billing system, thereby eliminating the need for users to expose financial details.
3Reliability
If SMS-based transaction confirmation is implemented, then user authentication reliability is improved, but transaction time increases
Solution Approach 1:
The patent implements preliminary action by pre-configuring the mobile device with the transaction interface and pre-establishing the SMS verification channel. The system prepares the authentication pathway in advance, so when a transaction occurs, the verification code is already being delivered to the user's device, minimizing the actual confirmation time while maintaining high reliability.
Data Source
AI summary
A system is described to facilitate online transactions via mobile communications, including a plurality of converters to interface with a plurality of controllers in different formats for delivery of premium messages, and a common format processor coupled with the plurality of converters in a common format to send the premium messages. The common format processor receives a web request from a mobile phone, in response to a user selection within a mobile application executed separately from a browser application on the mobile phone, provides a web page in response to confirm a pre-defined purchase, transmits at least one premium message to the mobile phone using a first converter to obtain funds for the pre-defined purchase, and communicates with the merchant to make the pre-defined purchase on behalf of the user.