Movement Identifiers for Secured Deposit Chain Transaction Linking
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Conventional transaction management systems are inflexible, inaccurate, and inefficient, as they only facilitate atomic debit or credit transactions, require human intervention for linking related transactions, and expend excessive computational resources.
Innovation Solution
A network transaction tracking system that generates movement identifiers to identify and stitch together transactions in a secured deposit network transaction chain, allowing for flexible transactions between accounts, including intermediate transactions, while displaying only the final transaction on the client device and generating risk predictions to optimize resource use.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If conventional transaction management systems facilitate only atomic debit or credit transactions, then transaction processing is simple and straightforward, but the system becomes inflexible and cannot support complex transaction chains between accounts
Solution Approach 1:
The patent segments a complex transaction chain into multiple atomic transactions, each with its own movement identifier. The system divides the overall transaction flow from source account to destination account into intermediate steps, where each step is processed as a separate atomic transaction but linked through shared movement identifiers to maintain traceability and flexibility.
Solution Approach 2:
The patent implements nested transaction structures where intermediate transactions are embedded within the broader transaction chain. Each intermediate transaction contains references to the parent transaction through movement identifiers, creating a nested hierarchy that allows complex transaction chains to be built from simple atomic transactions while maintaining system flexibility.
2Measurement precision
If conventional systems process each transaction individually without linking, then processing is straightforward, but related transactions are not identified and require human intervention for accounting
Solution Approach 1:
The patent implements feedback mechanisms where movement identifiers are propagated through the transaction chain and used to automatically link related transactions. The system continuously monitors and identifies transactions with matching movement identifiers, providing automated feedback that connects intermediate transactions to their parent transactions without human intervention, thereby improving identification accuracy and eliminating manual accounting time.
3Productivity
If conventional systems generate and process multiple individual transactions, then all transactions are recorded, but excessive computational resources are expended on generating and transmitting information for each transaction
Solution Approach 1:
The patent merges multiple intermediate transactions into a single consolidated transaction record for display and reporting purposes. By combining the information from multiple atomic transactions that share the same movement identifier, the system reduces the number of separate processing operations required, thereby improving productivity and reducing computational resource consumption while maintaining complete transaction tracking.
Data Source
AI summary
The present disclosure relates to systems, non-transitory computer-readable media, and methods for generating and utilizing movement identifiers to identify transactions in a secured deposit network transaction chain. In particular, in one or more embodiments, the disclosed systems initiate a network transaction as a secured deposit network transaction chain comprising a first intermediate transaction from a secured deposit account to a debit account and a second intermediate transaction from the debit account to an additional account. Moreover, the disclosed systems intelligently display the network transaction in a user interface by displaying the network transaction as a transaction from the secured deposit account to the additional account.