Identity Validation via SMS Verification for Electronic Endorsements
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Solution Overview
Problem
Existing electronic endorsement systems face challenges in authenticating the identity of the endorsing party, particularly when email addresses are not accessible or verified, leading to potential identity theft and inefficiencies in time-sensitive transactions.
Innovation Solution
A system that utilizes SMS/MMS messaging to send endorsable electronic instruments and verification requests to mobile phones, allowing for identity validation through multiple factors such as images, voice recordings, and gestures, while centralizing monitoring and management of endorsement requests.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If email-based endorsement systems are used, then communication convenience is improved, but identity authentication reliability deteriorates
Solution Approach 1:
The patent introduces an intermediary verification system that acts as a mediator between the email-based endorsement process and identity authentication. This intermediary layer receives email notifications, sends verification codes via SMS to mobile devices, and validates the endorser's identity before processing the endorsement. This resolves the contradiction by maintaining the convenience of email communication while adding a reliable authentication mechanism through the intermediary verification step.
2Reliability
If multiple verification factors are implemented, then identity verification security is improved, but system complexity increases
Solution Approach 1:
The patent segments the verification process into distinct, modular components: email notification stage, SMS verification code stage, and endorsement confirmation stage. Each component handles a specific aspect of verification independently. This segmentation allows the system to implement multiple verification factors (email + SMS + endorsement) while maintaining manageable complexity through clear separation of verification functions into discrete, independent modules.
3Reliability
If SMS verification is added to email-based endorsement, then identity authentication reliability is improved, but communication efficiency deteriorates
Solution Approach 1:
The patent implements preliminary action by sending the verification code via SMS before the actual endorsement transaction is completed. This preliminary verification step ensures identity authentication is performed in advance, allowing the subsequent endorsement process to proceed efficiently without delays. The preliminary SMS verification prevents identity fraud before it can impact the main transaction flow, thus improving reliability without significantly compromising overall communication efficiency.
Data Source
AI summary
The present disclosure describes a computer-implemented platform for managing electronic instruments and electronic endorser verification information in order to validate endorser identity. A generated link and a verification information request are sent in one or more messages targeted a phone number of a computing device associated with a target party. The verification information request includes a request for imagery of the target party captured by the computing device. An endorsed electronic instrument and electronic verification information is received from the computing device, including received imagery data and a time stamp indicating when the received imagery data was captured. The received imagery data is validated at least according to whether the time stamp is sufficiently recent, and whether the received imagery data sufficiently matches expected imagery data of the requesting party based on performing a facial recognition on the received imagery data and the expected imagery data.