Computer Network Selection for Lower Foreign Exchange Fees
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Solution Overview
Problem
Existing systems often select suboptimal computer networks for operations, particularly when traveling abroad, leading to disadvantageous foreign currency exchange rates and increased transaction costs.
Innovation Solution
A system that detects a trigger condition using client device data, identifies available computer networks, generates a digital token for the selected network, and provisions the client device to communicate instructions, minimizing foreign exchange rate fees by dynamically selecting the most favorable network based on geolocation and machine learning.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If a default or static computer network is used for transactions, then the system is simple to operate, but the foreign currency exchange rate fees increase and transaction costs rise
Solution Approach 1:
The system automatically detects available computer networks, evaluates their exchange rates, and selects the optimal network without requiring user intervention. The server computer system performs the selection process autonomously by monitoring network availability and comparing exchange rates, thereby eliminating the need for users to manually configure or select networks while minimizing transaction fees.
Solution Approach 2:
The system pre-establishes relationships with multiple computer networks and pre-evaluates their exchange rates before transactions occur. By having networks pre-configured and their exchange rates pre-compared, the system can quickly select the optimal network when a transaction is needed, avoiding last-minute decisions and ensuring favorable exchange rates are captured in advance.
2Loss of energy
If multiple computer networks are monitored and evaluated, then the foreign currency exchange rate fees are minimized, but the system complexity increases
Solution Approach 1:
A server computer system acts as an intermediary between the user's client device and multiple computer networks. The server consolidates the complexity of monitoring and evaluating multiple networks, exchanging rate comparisons, and selection logic into a centralized component. This allows the client device to remain simple while the server handles the sophisticated multi-network evaluation and selection process.
Solution Approach 2:
The server computer system performs multiple functions: it monitors multiple computer networks, evaluates exchange rates, selects optimal networks, and manages digital token provisioning. By consolidating these diverse functions into a single multi-functional system, the patent reduces overall complexity compared to having separate systems for each function.
3Reliability
If digital tokens are used for secure communication, then transaction security is enhanced, but the device complexity increases
Solution Approach 1:
Instead of requiring the client device to implement complex cryptographic protocols directly, the system uses digital tokens as simplified copies or representations of secure authentication credentials. The server generates and manages these tokens, which encapsulate the necessary security information in a manageable format that can be easily provisioned to the client device without requiring complex security infrastructure at the client end.
Data Source
AI summary
A server computer system comprises a communications module; at least one processor coupled to the communications module; and a memory coupled to the at least one processor, the memory storing processor-executable instructions which, when executed by the at least one processor, configure the at least one processor to detect a trigger condition based at least on client device data; identify at least one available computer network for performing one or more operations based at least on the client device data; send, via the communications module, a notification for output on a display of a client device, the notification presenting a selectable option for selecting the at least one available computer network; receive, via the communications module and from the client device, an indication of selection of the selectable option for selecting the at least one available computer network; generate a digital token for communicating instructions to perform one or more operations using the at least one available computer network; and provision the client device with the digital token to enable the client device to selectively communicate instructions to perform the one or more operations using the at least one available computer network. Machine learning may be used to identify the at least one available computer network.