Payment Platform Reference Codes for Fraud-Resistant Transactions
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Solution Overview
Problem
Existing payment systems over communication networks are vulnerable to fraud, as payment details can be intercepted and misused by unauthorized parties, leading to security risks and inefficiencies in managing multiple payment platforms.
Innovation Solution
A computer-implemented method and system that uses reference codes to protect payment details, where a vendor server generates a second reference code from a first reference code, and a payment provider server checks its authenticity, ensuring only the payment provider has access to the payment details, thereby preventing fraudulent impersonation and minimizing data exposure.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If payment details are transmitted over communication networks for processing transactions, then transaction efficiency and service convenience are improved, but the risk of fraud and unauthorized access to payment details increases
Solution Approach 1:
The patent introduces a payment gateway server as an intermediary component that sits between the user terminal and the payment provider server. This gateway server receives payment requests, forwards them to the payment provider, and relays responses back to the user. By acting as a mediator, the gateway prevents direct exposure of payment details to external networks while maintaining transaction efficiency, thus resolving the contradiction between productivity and fraud risk.
2Adaptability or versatility
If payment details are stored and processed through multiple computer systems, then transaction processing capability is improved, but the vulnerability to unauthorized access and data breaches increases
Solution Approach 1:
The patent extracts and isolates payment details from the main transaction processing systems. The payment gateway server specifically handles only payment-related communications, separating sensitive payment data from other transaction data. This extraction approach allows the system to maintain versatile transaction processing capabilities while minimizing the attack surface for unauthorized access, as payment details are confined to a dedicated, secured component.
3Ease of operation
If a unified payment system is implemented across multiple services, then system complexity is reduced and ease of operation is improved, but the impact of potential security breaches increases
Solution Approach 1:
The patent segments the payment system into distinct functional components: the payment gateway server, the payment provider server, and the user terminal. Each segment has a specific responsibility and operates independently. This segmentation allows the unified system to maintain ease of operation for users while limiting the propagation of security breaches. If one segment is compromised, the modular architecture prevents attackers from accessing other segments, thus reducing the overall impact of security incidents.
Data Source
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AI summary
There is provided a payment platform computer system including a vendor server, a vendor payments computer system, a vendor secure server and a payment provider server, in which: the payment provider server is configured to, in response to determining that the payment request is accepted, send confirmation of acceptance of the payment request to the vendor payments computer system; and/or the payment provider server is configured to, in response to determining that the payment request is refused, send refusal of acceptance of the payment request to the vendor payments computer system. Related computer implemented methods and systems are provided.