Real-Time Card Verification via 3DSecure Protocol
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Conventional card verification processes in online transactions are non-real-time, leading to lower completion rates, increased customer service calls, and declines in transaction processing due to delayed verification times.
Innovation Solution
A card verification system utilizing the 3DSecure protocol for instant verification, enabling secure authentication to verify debit and credit cards in real-time, facilitating faster account limit adjustments and improved user experiences.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If non-real-time card verification is used, then verification security can be maintained, but transaction completion rates decrease and processing time increases
Solution Approach 1:
The system performs card verification in advance before the actual transaction occurs. By verifying the card validity, ownership, and associated information beforehand and storing the verification results, the system enables fast transaction processing without compromising security. This preliminary verification action resolves the contradiction by preparing verification data ahead of time.
Solution Approach 2:
The system creates a copy of the verification process that can be reused. By storing verification results and card information in a database, the system can quickly reference and reuse this information for subsequent transactions, eliminating the need for repeated full verification processes and thereby increasing transaction completion rates while maintaining security.
2Reliability
If non-real-time card verification is used, then verification thoroughness can be maintained, but customer service calls increase
Solution Approach 1:
The system provides immediate feedback to customers about the verification status of their cards and transactions. By implementing real-time verification with clear communication of verification results, the system reduces customer confusion and service calls. The feedback mechanism allows customers to understand the verification process outcomes without requiring additional support interactions.
Solution Approach 2:
The system enables customers to perform verification actions themselves through automated processes. By implementing self-service verification features where customers can link their own cards, view verification status, and manage their account information without requiring agent assistance, the system reduces customer service calls while maintaining thorough verification.
3Measurement precision
If non-real-time card verification is used, then verification accuracy can be maintained, but transaction processing declines
Solution Approach 1:
The system performs verification actions in advance and stores the results, so that when transactions occur, the verification information is already available. This eliminates the time delay between verification and transaction processing, achieving both high accuracy and fast processing speeds by preparing verification data beforehand.
Solution Approach 2:
The system creates and stores copies of verification results that can be quickly retrieved and reused for transactions. By maintaining a database of verified card information and verification outcomes, the system can rapidly access accurate verification data without repeating the entire verification process, thereby reducing processing time while preserving accuracy.
Data Source
AI summary
A system and method for facilitating electronic commerce over a network, according to one or more embodiments, includes communicating with a user via a user device and an issuer of payment media via an issuer device over the network, the payment media being issued to the user by the issuer, receiving user instruction over the network to link the payment media to a user account related to the user, prompting the user over the network to input a secure password known only by the issuer and the user, receiving the secure password from the user over the network, verifying that the payment media is owned by the user over the network via a secure protocol, returning a response to the user related to verification of the payment media, and storing payment media verification information.