Trusted Account Discovery Through Cross-Provider Transaction Aggregation
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Users face difficulties in managing and updating their accounts across multiple service providers due to forgetfulness, technical issues, or incomplete aggregation, especially when data is held externally.
Innovation Solution
A trusted hardware device aggregates transactions from multiple service providers, identifies transactions across different accounts, prompts users for credentials, and accesses data on their behalf to facilitate complete account discovery and aggregation.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If users manually manage and update each account, then they maintain direct control over their data, but they face difficulties due to forgetfulness, technical issues, and incomplete aggregation
Solution Approach 1:
The patent introduces an intermediary service that automatically discovers and aggregates external accounts. This mediator analyzes transaction data from multiple providers, identifies external accounts, and manages credentials without requiring direct user intervention for each account, thereby improving reliability while maintaining ease of operation
Solution Approach 2:
The system enables self-service by automatically discovering external accounts through transaction analysis and prompting users only when new accounts are detected. The system autonomously manages credential storage and data aggregation, reducing manual effort while ensuring complete account coverage
2Productivity
If users aggregate multiple electronic accounts in a central location, then they improve data management efficiency, but they may forget to add certain accounts or encounter technical issues
Solution Approach 1:
The system performs preliminary actions by continuously analyzing transaction data to proactively discover external accounts before users forget them. By monitoring spending patterns and identifying unrecognized merchants, the system preemptively adds missing accounts to the central aggregation, preventing information loss
Solution Approach 2:
The system implements feedback loops where transaction data is continuously analyzed, and users are prompted when new external accounts are detected. This feedback mechanism ensures that no accounts are missed by automatically comparing transaction patterns against known account data and requesting credentials for newly identified accounts
3Measurement precision
If a trusted hardware device aggregates transactions from multiple service providers, then comprehensive account discovery is enabled, but the device complexity increases
Solution Approach 1:
The patent segments the account discovery function into a separate trusted hardware device that specializes in credential storage and transaction analysis. This dedicated component handles the complex tasks of analyzing transaction data, identifying external accounts, and managing credentials, while the main system benefits from simplified account aggregation without bearing the complexity burden
Data Source
AI summary
Apparatuses, systems, methods, and computer program products are disclosed for externally held account discovery and aggregation. A method includes aggregating transactions of a first service provider from one or more servers to a trusted hardware device. A method includes identifying, on a trusted hardware device, one or more transactions of a first service provider between an account of a user with the first service provider and an account of the user with a second service provider. A method includes prompting a user for electronic credentials for an account of the user with a second service provider. A method includes accessing data of a user from a second service provider on behalf of the user using electronic credentials.