Verification Exchange System for Real-Time Consumer Data

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Solution Overview

Problem

Existing systems face challenges in maintaining the accuracy of sensitive consumer data, such as employment and income information, due to access control requirements and frequent changes in data, which hinders real-time verification queries and electronic transactions.

Innovation Solution

A verification exchange system that transforms employment or income data from various contributor systems into a standardized format, stores it in a consumer-status verification repository, and selectively provides authorized access to this data for real-time servicing of verification queries.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If access control requirements are implemented to protect sensitive consumer data, then data security is improved, but data accuracy and real-time accessibility deteriorate

Engineering Contradiction:

Improvedata securityVSAvoiddata accuracy

Core Design Contradiction:

ReliabilityVSMeasurement precision

Solution Approach 1:

The patent segments the verification system into multiple independent components: contributor systems that collect data, a verification exchange system that standardizes and stores data, and verifier systems that query data. This segmentation allows each component to operate independently with appropriate access controls, maintaining security while ensuring data accuracy through specialized functions.

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The verification exchange system acts as an intermediary between contributor systems and verifier systems. It receives data from contributors, standardizes the format, stores it securely, and provides controlled access to verifiers. This intermediary role enables real-time verification while maintaining access control requirements, as the exchange system mediates all data transfers with appropriate security protocols.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Reliability

If access control requirements are implemented to protect sensitive consumer data, then data security is improved, but transaction completion time deteriorates

Engineering Contradiction:

Improvedata securityVSAvoidtransaction completion time

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The system performs preliminary actions by having contributor systems continuously update the verification exchange system with current consumer data before verification is needed. This pre-positioning of accurate data eliminates the need for time-consuming access control checks during actual verification transactions, as the data is already securely stored and formatted for immediate retrieval.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The verification exchange system maintains continuous operation, continuously receiving data from contributors and continuously servicing verification queries from verifiers. This continuous operation ensures that accurate data is always available in real-time without interrupting the flow of electronic transactions, thereby maintaining both security and speed.

Inventive Principle:

Principle #20Continuity of useful action

3Productivity

If data is standardized and stored in a centralized repository, then verification efficiency is improved, but system complexity increases

Engineering Contradiction:

Improveverification efficiencyVSAvoidsystem complexity

Core Design Contradiction:

ProductivityVSDevice complexity

Solution Approach 1:

The verification exchange system serves multiple functions within a single centralized repository: it standardizes data from various contributors, stores diverse consumer information (employment, income, assets), and services different types of verification queries. This multi-functionality improves verification efficiency across all operations while consolidating complexity into a single system rather than distributing it across multiple systems.

Inventive Principle:

Principle #6Universality (Multi-functionality)

Data Source

PatentUS12335274B2Managing verification repositories to facilitate real-time servicing of verification queries

Publication Date: 2025.06.17 EQUIFAX INC

AI summary

In some aspects, a verification exchange system transforms consumer data (e.g., employment or income data) from different contributor computing systems to a standardized format and stores this standardized data in a consumer-status verification repository. The verification exchange system can selectively provide portions of the consumer data to authorized client system via a security portal to a public network. For example, the verification exchange system can use standardized consumer data to service verification queries requesting confirmation of employment or income level for consumers. The verification exchange system can do so by ensuring that a verifier system from which the query is received has provided a valid credential. In another example, the verification exchange system can restrict access to the standardized consumer data to accessors that are (i) an originating contributor computing system for the employment or income data or (ii) consumers described by the standardized employment or income data.