Real-Time Payment Account Verification Before Irrevocable Transfer

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Solution Overview

Problem

Existing real-time payment systems face challenges in accurately verifying destination accounts, leading to misdirected funds due to the irrevocability of transactions, as conventional verification methods like micro-transactions are time-consuming and require manual confirmation.

Innovation Solution

Utilizing irrevocable real-time payments to exchange nonfinancial information through RTP messages for account verification, including generating and transmitting verification elements to the payment destination device, and verifying the account upon receiving responsive authorization.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If micro-transactions are used for account verification, then account verification can be performed, but the process takes several days and requires manual confirmation

Engineering Contradiction:

Improveaccount verification accuracyVSAvoidverification time

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The patent replaces the mechanical system of micro-transaction deposits and manual confirmations with an automated verification system that uses real-time payment messages to transmit verification elements. The system automatically sends verification codes to the destination account and validates them without requiring manual user confirmation, thereby substituting the manual mechanical process with an automated electronic verification mechanism.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The patent performs verification actions in advance by sending verification elements through real-time payment messages before the actual payment transaction occurs. This preliminary verification ensures account accuracy upfront, preventing the need for post-transaction corrections or manual follow-ups that would extend the verification timeline.

Inventive Principle:

Principle #10Preliminary action

2Productivity

If real-time payments are used for verification, then verification speed is improved, but the system must handle irrevocable payments

Engineering Contradiction:

Improveverification speedVSAvoidpayment irrevocability risk

Core Design Contradiction:

ProductivityVSReliability

Solution Approach 1:

The patent extracts the verification function from the actual payment transaction by using real-time payment messages solely for transmitting verification elements. The verification process is separated from the financial transfer, allowing rapid verification without exposing the system to the risks of irrevocable payment errors. The actual payment only occurs after successful verification.

Inventive Principle:

Principle #2Taking out (Extraction)

Solution Approach 2:

The patent introduces real-time payment messages as an intermediary mechanism that enables verification without direct financial exposure. These messages serve as a mediator that transmits verification information rapidly while the system maintains control over the actual payment release, allowing speed benefits without assuming the risks of premature irrevocable transfers.

Inventive Principle:

Principle #24Intermediary (Mediator)

3Reliability

If conventional verification methods are used, then account verification is possible, but funds may be misdirected and difficult to return

Engineering Contradiction:

Improveverification capabilityVSAvoidmisdirected funds

Core Design Contradiction:

ReliabilityVSObject-generated harmful factors

Solution Approach 1:

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The patent applies preliminary anti-action by implementing verification checks that prevent misdirected payments before they occur. The system validates destination account information through real-time verification messages, creating a protective barrier that stops erroneous transactions from being executed, thereby preventing the harmful effect of misdirected funds before they can cause damage.

Inventive Principle:

Principle #9Preliminary anti-action

Data Source

PatentUS12614176B2Systems and methods for account verification

Publication Date: 2026.04.28 WELLS FARGO BANK NA

AI summary

Methods, apparatuses, and computer program products are disclosed for account verification. An example method includes receiving a request for payment transmission from a payment provider device and generating a first verification element for a payment destination device associated with the request for payment transmission. The method further includes transmitting the first verification element to the payment destination device via a first real-time payment message. In an instance in which the computing device receives responsive authorization from the payment destination device, the method includes verifying the payment destination device. In response to verifying the payment destination device, the method includes transmitting a first real-time payment to the payment destination device. In an instance in which the computing device fails to receive responsive authorization from the payment destination device, the method includes transmitting a verification failure notification to the payment provider device.