Transaction Token Management for Secure Unrestricted Reconciliation
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Solution Overview
Problem
Existing software environments face challenges in providing a comprehensive view of transactions, especially in unrestricted environments, leading to security risks and the need for effective transaction reconciliation procedures.
Innovation Solution
Implementing a transaction framework on computing devices that manages transaction tokens by requesting, generating, and displaying user interfaces for transaction approval, enabling reconciliation procedures through a management entity.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If an unrestricted environment is used to enable flexible transaction flows, then ease of operation and adaptability are improved, but security and transaction reliability deteriorate
Solution Approach 1:
A management entity is introduced as an intermediary between the unrestricted transaction environment and the reconciliation system. This entity receives transaction information, generates unique transaction tokens, and facilitates matching without imposing restrictive controls on the underlying transaction flows, thus maintaining both flexibility and reliability
Solution Approach 2:
The system segments transaction tracking into distinct components: transaction execution (unrestricted), token generation (managed), and reconciliation (verified). This segmentation allows each component to operate independently with appropriate controls, maintaining overall system flexibility while ensuring transaction reliability through token-based verification
2Reliability
If a restricted environment with application store is implemented, then security and transaction reliability are improved, but ease of operation and adaptability deteriorate
Solution Approach 1:
The transaction token system is designed to be universal and environment-agnostic, working across both restricted and unrestricted transaction environments. The management entity and token mechanism provide standardized security and tracking capabilities that can be applied universally without requiring changes to the underlying transaction infrastructure
3Reliability
If comprehensive transaction tracking is implemented in unrestricted environments, then transaction reliability is improved, but device complexity increases
Solution Approach 1:
The complex reconciliation logic and token management functionality are extracted from individual computing devices and centralized in a cloud-based management entity. This extraction reduces device complexity while maintaining comprehensive transaction tracking capabilities through centralized processing and coordination
Data Source
AI summary
According to some embodiments, techniques for managing transaction tokens to facilitate reconciliation procedures are disclosed. One technique can be carried out by a transaction framework implemented on a computing device, and includes the steps of (1) receiving, from a software application executing on the computing device, a first request to perform a transaction, (2) providing, to a management entity, a second request to generate a transaction token for the transaction, (3) receiving the transaction token from the management entity, (4) displaying a user interface (UI) that indicates the transaction will be performed independent from the management entity, (5) receiving, via the UI, a selection of an option to approve the transaction, and (6) providing the transaction token to the software application or a developer entity associated with the software application, such that, when the transaction is performed, the transaction token enables a reconciliation procedure to be carried out.