Unified API Endpoint for Multi-Transaction Fund Transfers
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Solution Overview
Problem
As payment transfer APIs become increasingly complex due to various types of accounts and transactions, integration with clients becomes unwieldy, requiring multiple endpoints that increase friction during the process.
Innovation Solution
A system and method for controlling an API endpoint that uses tokens to identify transactions, allowing a single endpoint to handle multiple transactions by determining the type of tokens and wallets involved, thereby reducing the need for multiple endpoints and streamlining the fund transfer process.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If multiple types of endpoints are provided to handle different types of transactions, then the API can accommodate various account and transaction types, but client integration becomes unwieldy and complex
Solution Approach 1:
The patent implements a universal endpoint that can handle multiple types of transactions (e.g., ACH, wire, international) and account types through a single interface. The endpoint determines the transaction type based on source and destination tokens, eliminating the need for multiple specialized endpoints and simplifying client integration while maintaining full transaction type support
2Adaptability or versatility
If multiple types of endpoints are provided for different transactions, then various account types can be handled, but the number of endpoints grows and increases friction
Solution Approach 1:
A single unified endpoint is created that supports multiple account types (consumer, merchant, funding, satellite wallets) and transaction types. The endpoint automatically determines the appropriate transaction handling based on token analysis, reducing integration friction while maintaining comprehensive account type support
Solution Approach 2:
The patent introduces an intermediary mechanism (the unified endpoint with token-based determination logic) that mediates between the client's simple single-endpoint call and the complex backend requirements for handling different account and transaction types. This intermediary translates diverse transaction requirements into appropriate processing paths without exposing complexity to the client
Data Source
AI summary
A system and method for controlling anomalous access to tables is described. A call including a source token and a destination token is received from a caller. A first type of token and a first type of wallet corresponding to the source token are identified. A second type of token and a second type of wallet corresponding to the destination token are further identified. A transaction is determined based on the first type of token, the first type of wallet, the second type of token, and the second type of wallet. A response quote is sent to the caller. The response quote includes details about the transaction and a request for confirmation.