Terminal Risk and Connectivity Score Assessment System
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Solution Overview
Problem
Users lack a mechanism to pre-emptively identify risky terminal devices for electronic transactions and those with seamless network connectivity, leading to potential fraud and transaction failures.
Innovation Solution
A method and system that allow users to request and receive risk scores and connectivity scores for terminal devices based on transaction and network connectivity histories, enabling pre-emptive assessment before performing transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If users perform transactions at terminal devices without pre-emptive risk assessment, then transaction convenience is maintained, but users are exposed to fraud risks such as skimming, shimming, and eavesdropping
Solution Approach 1:
The system performs preliminary risk assessment by determining risk scores for terminal devices before users initiate transactions. The server analyzes transaction histories and connectivity records in advance, providing users with risk information beforehand so they can make informed decisions about where to perform transactions, thereby preventing fraud exposure before it occurs.
Solution Approach 2:
A payment network server acts as an intermediary between users and terminal devices. The server collects, analyzes, and stores transaction histories and connectivity records, then provides risk assessments to users. This intermediary mechanism enables comprehensive security evaluation without requiring complex changes to the terminal devices or user actions.
2Reliability
If users rely on post-transaction dispute procedures to address fraudulent charges, then fraud protection is eventually achieved, but users incur significant time loss through lengthy complaints and arbitration processes
Solution Approach 1:
The system performs preliminary risk assessment by determining risk scores for terminal devices before users initiate transactions. The server analyzes transaction histories and connectivity records in advance, providing users with risk information beforehand so they can make informed decisions about where to perform transactions, thereby preventing fraud exposure before it occurs.
Solution Approach 2:
The system provides real-time feedback to users about terminal device risk levels through risk scores. This feedback mechanism enables users to immediately identify and avoid high-risk terminals, transforming the traditional post-transaction dispute process into a pre-transaction prevention approach that eliminates time-consuming complaints and arbitration.
3Reliability
If users transact at terminal devices without connectivity assessment, then transaction speed is maintained, but transaction failures occur due to network outages and connection failures
Solution Approach 1:
The system performs preliminary connectivity assessment by determining connectivity scores for terminal devices before users initiate transactions. The server analyzes historical connectivity records and network status data in advance, providing users with connectivity information beforehand so they can select terminals with reliable network connections, thereby preventing transaction failures due to network outages or connection issues.
Solution Approach 2:
A payment network server acts as an intermediary between users and terminal devices. The server collects, analyzes, and stores transaction histories and connectivity records, then provides risk assessments to users. This intermediary mechanism enables comprehensive security evaluation without requiring complex changes to the terminal devices or user actions.
Data Source
AI summary
A method for providing performance assessment of terminal devices is provided. A user initiates, by way of a service application that runs on a user device of the user, a first request for obtaining risk scores or connectivity scores of the terminal devices. The first request may include terminal identifiers of specific terminal devices or information pertaining to a specific geographical area. The user device communicates the first request to a server. The server determines the risk scores or the connectivity scores based on the first request. The server transmits, to the user device, a first response that includes the risk scores or the connectivity scores. The user device displays the risk scores or the connectivity scores to the user based on the first response, thereby providing the performance assessment of the terminal devices.