Privacy-Enhancing Data Brokerage Service for Secure Transactions
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Solution Overview
Problem
Current systems lack effective methods to verify the location of a payment instrument's owner during transactions, especially in online purchases, leading to potential fraud and compromising privacy by requiring unnecessary disclosure of personal information.
Innovation Solution
A data brokerage service that maintains and controls access to location data independently of payment instruments, using it to determine transaction feasibility and return computed responses rather than actual location information, ensuring privacy while enhancing transaction security.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If location data is provided to verify transaction legitimacy, then transaction security is improved, but user privacy is compromised
Solution Approach 1:
The patent extracts only the necessary verification element (location data) from the user's complete personal information set. The system takes out specifically the location component needed for fraud prevention while leaving other personal data protected, thereby achieving security verification without comprehensive privacy disclosure.
Solution Approach 2:
The patent introduces an intermediary verification mechanism where location data is processed through a controlled interface. The system acts as a mediator between the user's private location information and the transaction verification process, allowing security checks while maintaining privacy boundaries through structured data exchange protocols.
2Reliability
If personal information is disclosed to verify transaction authenticity, then fraud detection capability is improved, but data exposure risk increases
Solution Approach 1:
The system extracts and utilizes only the location component from personal information for fraud detection purposes. By isolating and processing only this specific data element, the patent enables effective fraud detection while minimizing the scope of data exposure and associated security risks.
Solution Approach 2:
The patent transforms location data from a complete personal information set into a specific verification parameter. By changing the data representation from comprehensive personal details to a focused location parameter, the system achieves fraud detection capability while reducing data exposure risk through parameter-specific processing.
Data Source
AI summary
The subject disclosure is directed towards a technology by which access to a protected entity's data is controlled by a data brokerage service. The service determines whether a requesting entity has appropriate access rights to requested information, and if so, the service returns a response corresponding to the protected data. In one aspect, the protected data may be location data of a protected entity that is maintained independent of a payment instrument. The location data is used to compute feasibility information as to whether the protected entity is authorized to perform a transaction using the payment instrument.