Single-Token Funds Transfer Rules for Simpler Authentication

The patent introduces a token as an intermediary element between the user and their financial accounts. Instead of directly handling sensitive authentication information, the system uses tokens to represent and manage access to multiple accounts. This intermediary approach simplifies the authentication process while maintaining security, as the token itself is not sensitive data but rather a reference that resolves to actual account information through controlled mechanisms.

The patent segments the authentication and identification process into separate components: token generation, token validation, and account resolution. By dividing this complex process into discrete segments handled by different system components (token management system, funds transfer system, financial institutions), the system reduces overall complexity while maintaining security through specialized processing at each segment.

The patent implements universality by designing a single token management system that can handle multiple tokens representing different accounts at various financial institutions. The token management system provides universal services including creation, validation, and resolution for all tokens, regardless of which financial institution or account type they represent. This multi-functional approach allows users to manage diverse accounts through a unified system, improving versatility without proportionally increasing management complexity.

The system employs self-service mechanisms where the token management system automatically resolves tokens to their associated accounts and financial institutions without requiring manual intervention. The rules engine automatically determines account mappings based on predefined criteria, and the system autonomously handles token validation and account resolution, reducing the burden on users to manually manage their tokens while maintaining full versatility.

The patent implements self-service by enabling users to define simple rules for token-to-account associations without requiring complex configuration. The rules engine automatically executes these user-defined rules to resolve tokens to appropriate accounts during fund transfer operations. This approach gives users control over their token management through simple, intuitive rule creation while the system handles the complex execution and resolution logic automatically, maintaining ease of operation.

The system manages token-to-account associations by changing parameters such as account type, financial institution, and transfer conditions based on predefined rules. When a user creates a rule, they specify parameters like account selection criteria or institution preferences, and the rules engine dynamically adjusts the token resolution based on these parameter changes. This allows flexible, user-friendly configuration while the system handles the complexity of parameter evaluation and execution.