Transaction Manager Consolidating Messages via Universal Format
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Solution Overview
Problem
Existing electronic transaction systems face inefficiencies and resource consumption due to the need to transmit multiple wire transaction request messages through multiple channels, often with incomplete or improper information, which requires significant processor and memory resources for downstream processing.
Innovation Solution
A system with a transaction manager component that consolidates multiple transaction request messages into a universal format, allowing them to be transmitted via a single pathway and separated for processing by a transaction server component, which also includes a message augmentation element to correct errors before consolidation, thereby reducing resource usage and processing time.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If multiple wire transaction request electronic messages are transmitted through multiple channels for downstream processing, then the system can handle various transaction types and formats, but it consumes significant processor, memory, and user resources
Solution Approach 1:
The patent combines multiple individual transaction request electronic messages into a single consolidated electronic message that contains all the individual messages. This merging approach allows the system to maintain the ability to handle various transaction types while reducing the number of separate transmission pathways and processing operations required, thereby decreasing processor, memory, and user resource consumption.
Solution Approach 2:
The consolidated electronic message format serves as a universal container that can hold multiple different types of transaction request messages. This universal format allows a single downstream processing system to handle various transaction types without requiring separate processing pathways for each message type, thus reducing overall system complexity and resource requirements.
2Reliability
If multiple wire transaction request electronic messages are transmitted one at a time through multiple pathways, then each message can be processed individually, but it increases processing time and resource consumption
Solution Approach 1:
By merging multiple individual messages into a single consolidated message structure, the system can process multiple transactions simultaneously rather than sequentially. This maintains the reliability of individual message processing while dramatically improving productivity by eliminating the need to transmit and process messages one at a time through multiple separate pathways.
Solution Approach 2:
The system performs preliminary consolidation of multiple individual messages into a unified structure before transmission to the downstream processing system. This preliminary action prepares all messages for efficient batch processing, reducing the time and resources required for subsequent individual message processing while maintaining the ability to handle each message correctly.
3Device complexity
If a single transmission pathway is used for all transaction messages, then resource consumption is reduced, but the system must handle messages of various formats
Solution Approach 1:
The consolidated electronic message format is designed as a universal structure that can accommodate multiple different types of individual transaction messages. This universal format allows a single transmission pathway to handle messages of various formats by consolidating them into the unified structure before transmission, thus maintaining adaptability while simplifying the transmission architecture.
Solution Approach 2:
The system segments individual messages into a consolidated structure that maintains their individual identities and formats within the unified message. This segmentation approach allows the single transmission pathway to carry multiple format types by organizing them in a structured way that preserves format information for downstream processing while simplifying the overall transmission structure.
Data Source
AI summary
A system for facilitating multi-channel electronic message communications within a transaction processing system. The system may include a transaction manager component that receives transaction request electronic messages of various formats, consolidates the transaction request electronic messages into a combined electronic message having a universal format, and transmits the combined electronic message to a transaction server component via a single transmission pathway for further processing, which reduces required management, processor, and memory resources. Individual transaction request electronic messages may be separated from the combined electronic message by the transaction server component while retaining their original formats and can be subsequently sent, based on message format, to proper downstream systems for further processing. A further message augmentation component may identify and automatically correct errors in transaction request electronic messages received by the transaction manager component so as to circumvent possible downstream processing problems.