Single Event Authorization Control for Transaction Override
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Solution Overview
Problem
Existing authorization systems for cashless transactions cannot approve unusual purchases that exceed account limitations, leading to declined transactions and potential disruption of routine spending capabilities.
Innovation Solution
A Single Event Authorization Control (SEAC) system and method that allows financial institutions to override standard authorization decisions by using SEAC data records to perform actions like decline overrides, funds encumbrance, or budgetary exceptions for specific transactions, enabling approval even when parameters exceed account limits.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If standard authorization controls are enforced strictly, then account limitations and budget control are maintained, but unusual but necessary transactions are incorrectly declined
Solution Approach 1:
The authorization system is segmented into standard authorization controls and SEAC overrides. The SEAC functionality is implemented as a separate module that can independently evaluate and override standard authorization decisions for specific transactions, allowing unusual but necessary transactions to be approved while maintaining standard controls for routine transactions.
Solution Approach 2:
The SEAC record acts as an intermediary between the standard authorization system and the final authorization decision. When a transaction is declined by standard controls, the system checks for a matching SEAC record that can serve as a mediator to override the decline and approve the transaction, thus resolving the contradiction between strict control and necessary flexibility.
2Adaptability or versatility
If SEAC override capability is added to the authorization system, then unusual transactions can be approved, but system complexity increases
Solution Approach 1:
SEAC records are pre-configured with override conditions and parameters before runtime. This preliminary action allows the system to quickly evaluate whether a SEAC override applies without complex real-time decision-making, reducing the computational complexity burden during transaction processing.
Solution Approach 2:
The SEAC override logic is extracted as a separate, optional module that only activates when needed. The core authorization system remains unchanged and simple, while the SEAC functionality is added as an independent layer that handles unusual cases, minimizing the complexity impact on the overall system.
3Adaptability or versatility
If SEAC data records are maintained for override capability, then transaction approval flexibility is enabled, but data management complexity increases
Solution Approach 1:
The SEAC record structure is designed to be universal and multi-functional, handling various types of overrides (decline overrides, funds encumbrance, budgetary exceptions) through a single standardized data format. This universality simplifies data management by providing a consistent interface for diverse override scenarios.
Solution Approach 2:
SEAC records are copied from a centralized database to the authorization system in advance. This copying mechanism allows the authorization system to access override data without maintaining complex real-time synchronization, simplifying data management while ensuring data availability for override decisions.
Data Source
AI summary
Controlling the authorization of financial transactions, such as credit card transactions. Financial institutions and businesses can establish accounts for employees that have an authorization process that augments the normal authorization process, where this augmented authorization process can result in approving transactions that otherwise exceed the transaction limitations established for the account. A single event authorization control (SEAC) process can be completed in response to determining that a financial services transaction undergoing a conventional authorization process qualifies for the SEAC process. To complete the process, a SEAC data record containing parameter values that most closely match the parameter values associated with the authorization request is selected and the applicable SEAC action contained in the data record, e.g., decline override, funds encumbrance, or budgetary exception, is performed. Then, a decision regarding authorization of the transaction is generated.