Payment Data Correlation System for Fraud Detection

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Solution Overview

Problem

The processing of transaction data and payment data separately leads to issues such as incorrect data entry, fraud, and manual searching due to the lack of a single record combining both datasets, which exceeds data storage limits and is complicated by different generation times and entities.

Innovation Solution

A system and method that combines transaction data from merchants with payment data from payment systems into a single record, using a front-end system for receiving transaction data and a back-end system for receiving payment data, with a reporting system correlating and generating reports to identify problems and causes.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Loss of time

If transaction data and payment data are processed separately, then data storage requirements are reduced, but problem identification and resolution become slower and more manual

Engineering Contradiction:

Improvetime to identify and resolve payment problemsVSAvoiddata storage requirements

Core Design Contradiction:

Loss of timeVSDevice complexity

Solution Approach 1:

The patent combines transaction data and payment data into a single integrated data structure that correlates both types of information together. This allows operators to view and analyze both datasets simultaneously in one report, eliminating the need to manually search through separate data files and significantly reducing problem identification time while managing storage through efficient data correlation

Inventive Principle:

Principle #5Merging (Combining)

2Productivity

If transaction data and payment data are combined in a single record, then problem identification is faster, but data storage requirements exceed readily available capacity

Engineering Contradiction:

Improveefficiency of payment data processingVSAvoiddata storage capacity

Core Design Contradiction:

ProductivityVSQuantity of substance

Solution Approach 1:

The patent segments the combined data structure into distinct but correlated portions: transaction data fields and payment data fields are kept as separate logical units within the integrated record. This segmentation allows the system to maintain the benefits of combined data while managing storage efficiently by only storing necessary fields from each data type and using correlation keys to link related information

Inventive Principle:

Principle #1Segmentation

3Ease of operation

If manual searching and processing of separate transaction and payment data is used, then data storage is manageable, but operator review and problem identification become cumbersome

Engineering Contradiction:

Improveease of operator reviewVSAvoidtime for manual data processing

Core Design Contradiction:

Ease of operationVSLoss of time

Solution Approach 1:

The patent merges transaction data and payment data into a single integrated report that presents both datasets in one view. This integration allows operators to review both types of data simultaneously without manually searching through separate files, significantly improving ease of operation and reducing the time required to identify and resolve payment problems

Inventive Principle:

Principle #5Merging (Combining)

Data Source

PatentUS8046288B1System and method for payment data processing

Publication Date: 2011.10.25 PAYMENTECH INC

AI summary

A system for processing transaction data and payment data is provided. The system includes a front-end system that receives transaction data from one or more merchants, such as an employee identifier. A back-end system receives payment data from one or more payment systems, such as fraud data. A reporting system that is connected to the front-end system and the back-end system correlates the transaction data the payment data, such as to show employee identifier data and fraud data in a single record.