Smart Resource Instrument Authorization System

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Solution Overview

Problem

Resource instrument technology has not evolved to improve interaction functionality, leading to inefficiencies in processing and security, particularly in preventing misappropriation.

Innovation Solution

A smart resource instrument system that captures and processes interaction information using reader and writing components, enables pre-authorization of resource instruments, and monitors their removal to prevent misappropriation, using markers and network communication for secure and efficient interactions.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If traditional resource instrument processing channels are used, then processing speed is slow, but system complexity remains low

Engineering Contradiction:
Improveprocessing speedVSAvoidsystem complexity
Core Design Contradiction:
ProductivityVSDevice complexity

Solution Approach 1:

The system performs preliminary actions by capturing interaction information from resource instruments using reader components before actual processing occurs. This advance capture and validation of information enables faster subsequent processing without requiring complex real-time verification systems, thus improving productivity while managing complexity.

Inventive Principle:
Principle #10Preliminary action

2Reliability

If resource instrument validation is not performed, then processing is faster, but security and reliability are compromised

Engineering Contradiction:
ImprovesecurityVSAvoidprocessing time
Core Design Contradiction:
ReliabilityVSLoss of time

Solution Approach 1:

The system performs validation and authenticity checks as preliminary actions before resource instruments are processed. By validating resource instrument information in advance through reader components and comparing against authorized lists, the system ensures security and reliability while enabling faster subsequent processing, as the verification work is already completed.

Inventive Principle:
Principle #10Preliminary action

3Reliability

If manual monitoring of resource instrument removal is performed, then misappropriation can be detected, but labor requirements and operational complexity increase

Engineering Contradiction:
Improvemisappropriation detectionVSAvoidoperational simplicity
Core Design Contradiction:
ReliabilityVSEase of operation

Solution Approach 1:

The system implements self-service monitoring where resource instruments equipped with markers automatically indicate their removal status. The system autonomously tracks and detects when resource instruments are removed from authorized locations without requiring manual intervention, thus maintaining high reliability for misappropriation detection while preserving operational simplicity.

Inventive Principle:
Principle #25Self-service

4Reliability

If pre-authorization of resource instruments is implemented, then security is improved, but system complexity and setup time increase

Engineering Contradiction:
ImprovesecurityVSAvoidauthorization system complexity
Core Design Contradiction:
ReliabilityVSDevice complexity

Solution Approach 1:

The system implements pre-authorization by maintaining authorized lists of resource instruments and their valid interaction information in advance. Before processing, the system simply checks whether the presented resource instrument matches the pre-stored authorized information. This approach improves security through comprehensive validation while keeping the system relatively simple, as it relies on straightforward comparison operations rather than complex real-time authorization protocols.

Inventive Principle:
Principle #10Preliminary action

Data Source

PatentUS10454993B2Smart resource instrument authorization
Publication Date: 2019.10.22 BANK OF AMERICA CORP
  • US10454993B2 patent drawing
  • US10454993B2 patent drawing
  • US10454993B2 patent drawing

AI summary

A resource instrument system and/or user computer systems can monitor when one or more resource instruments have been removed from the resource instrument system and notify the user and/or entity that one or more resource instruments have been removed from the resource instrument systems in order to help identify potential misappropriation of the one or more resource instruments. Moreover, the user may pre-authorize the use of one or more resource instruments through the resource instrument system and/or the user computer system. In this way, a third-party receiving the resource instrument may check the validity of the resource instrument before acceptance of the resource instrument.