Payment Token Control System Using Segmented Databases
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Solution Overview
Problem
Current payment network and financial institution systems lack the ability to simultaneously utilize transaction controls and payment tokens with existing transaction accounts, as existing methods are often incompatible with accounts already using these features.
Innovation Solution
A processing system with multiple computing devices is implemented, where a control database stores account and transaction controls, and a token database maps payment tokens to corresponding account numbers, enabling compliance checks and transaction processing across the system.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If a single computing system is used to apply transaction controls and perform payment token mapping, then the system can process transactions with controls, but it is incompatible with existing transaction accounts that already use payment tokens
Solution Approach 1:
The system is divided into multiple computing systems: a first computing system that applies transaction controls and a second computing system that performs payment token mapping. This segmentation allows each system to specialize in one function, enabling compatibility with existing transaction accounts while maintaining control capabilities without requiring a complete system redesign.
Solution Approach 2:
The patent introduces intermediary components including a control database that stores control profiles and a token database that stores token profiles. These databases act as mediators between the first and second computing systems, enabling them to work together seamlessly. The intermediary databases allow the distributed system to function as a unified solution that supports both existing payment tokens and new transaction controls.
2Adaptability or versatility
If multiple computing devices are implemented to enable concurrent use of transaction controls and payment tokens, then compatibility with existing accounts is achieved, but system complexity increases
Solution Approach 1:
The first computing system is designed with multi-functionality, capable of both applying transaction controls and interacting with the payment token infrastructure. This universal design allows the system to handle multiple functions within a single computing device, reducing the need for additional specialized devices while maintaining the ability to concurrently apply controls and process tokens.
Solution Approach 2:
The patent introduces a new dimensional layer to the payment processing architecture by adding control databases and token databases as separate dimensional elements. This dimensional change allows the system to store and manage control profiles and token profiles independently, enabling concurrent operation of controls and tokens without requiring a proportional increase in computing device complexity.
3Reliability
If transaction controls are applied to payment tokens, then security and control over transactions are enhanced, but the ability to process transactions with existing accounts is lost
Solution Approach 1:
The system performs preliminary actions by storing control profiles and token profiles in databases before transaction processing. This preliminary setup allows the system to pre-establish the rules and mappings needed for concurrent control and token operation, enabling existing accounts to be gradually integrated with control capabilities without disrupting current transaction processing.
Solution Approach 2:
The patent creates copies of the payment token infrastructure by introducing control databases that mirror the token database structure. This copying approach allows the system to implement transaction controls alongside existing payment tokens without modifying the original token infrastructure, thereby maintaining compatibility with existing accounts while enhancing security and control capabilities.
Data Source
AI summary
A method for application of account and transaction controls on a payment token includes: storing, in a first device of a system, a control profile including a token number and transaction controls; storing, in a second device of the system, a token profile including the token number and a corresponding account number; receiving, at the first device, a transaction message including a data element having the token number and additional transaction data; determining, by the first device, compliance with the transaction controls based on the additional transaction data; transmitting the transaction message from the first to the second device; replacing, by the second device, the token number with the account number in the transaction message; and transmitting, by the second device, the transaction message to a financial institution associated with the account number.