Service Provider System for Secure B2B Payment Processing
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Solution Overview
Problem
Conventional business-to-business payment systems face issues such as data security risks due to suppliers possessing credit or debit card numbers, complex management of single-use account numbers, and cumbersome supplier integration processes.
Innovation Solution
A server computer system that receives requestor and recipient identifiers, prompts the recipient to accept payment through a service provider system, obtains an account identifier without communicating with the recipient, and initiates an authorization request message for payment processing, enabling secure and efficient straight-through payments without sharing account numbers.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If the buyer supplies credit or debit card numbers to suppliers, then payment efficiency is improved, but data security risk increases
Solution Approach 1:
The patent extracts the account number from the transaction process by using a service provider system that generates and retains control of account numbers, preventing suppliers from possessing them while maintaining payment efficiency through automated straight-through processing
Solution Approach 2:
The service provider system acts as an intermediary between the buyer and supplier, managing account numbers and transaction authorization centrally. This mediator prevents direct exposure of account numbers to suppliers while enabling efficient payment processing through the accounts payable system
2Reliability
If single use account numbers are generated for each transaction, then fraudulent use is prevented, but system complexity increases
Solution Approach 1:
The service provider system automatically generates, manages, and deletes account numbers without requiring manual intervention. The system self-services the complex task of tracking creation and deletion of account numbers, reducing operational complexity while maintaining fraud prevention through single-use account numbers
3Reliability
If single use account numbers are continuously created for each transaction, then fraud risk is reduced, but number shortages occur
Solution Approach 1:
The system dynamically reuses account numbers by deleting them after use and regenerating them for subsequent transactions. This dynamic management of the account number pool prevents exhaustion while maintaining the security benefits of single-use accounts, allowing the system to adapt to high transaction volumes
4Adaptability or versatility
If suppliers need to register with the accounts payable system, then integration is achieved, but integration difficulty increases
Solution Approach 1:
The patent extracts the registration burden from the supplier by having the service provider system pre-generate account numbers and configure supplier profiles. Suppliers are automatically integrated into the system without needing to complete cumbersome registration processes, maintaining system adaptability while simplifying onboarding
Data Source
AI summary
A method is disclosed. The method includes receiving an invoice from a recipient computer, the invoice providing details regarding goods and/or services purchased by a requestor operating a requestor computer, and an amount associated with the goods and/or services. The method also includes receiving an instruction comprising a requestor identifier and a recipient identifier from the requestor computer to pay the recipient for the amount, and obtaining an account identifier, without communicating with the recipient computer. The method further includes initiating, by a processing module, the generation of an authorization request message with the account identifier and the amount or an amount derived from the amount to an authorizing entity computer.