Wire Request Protocol Translation API for Transfer Interoperability
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Interoperability issues between processing applications and third-party applications with different protocols lead to inefficiencies, increased bandwidth consumption, and errors in wire transfer operations, necessitating manual intervention and protocol mismatches.
Innovation Solution
An application programming interface (API) translates wire requests and error notifications between processing and third-party applications, ensuring compatibility and reducing latency by separating preprocessing from actual transfers and using a reporting database for status updates.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If wire requests are manually entered into the processing application by an administrator, then protocol compatibility is ensured, but operational efficiency and responsiveness deteriorate
Solution Approach 1:
The patent introduces an Application Programming Interface (API) as an intermediary component that sits between third-party applications and the processing application. The API translates wire requests from various third-party application protocols into the processing application's required protocol format, eliminating the need for manual intervention while ensuring protocol compatibility. This mediator automatically handles protocol conversion, maintaining reliability without sacrificing productivity.
2Adaptability or versatility
If third-party applications use different protocols than the processing application, then application versatility is improved, but interoperability and data transmission reliability deteriorate
Solution Approach 1:
The API serves as a protocol translation intermediary that enables third-party applications with diverse protocols to communicate reliably with the processing application. The API receives wire requests in various third-party protocols, translates them into the processing application's required protocol, and forwards them accordingly. This maintains application versatility while ensuring interoperability through automatic protocol conversion.
Solution Approach 2:
The patent changes the protocol parameters of wire requests dynamically through translation. The API modifies data formats, field orders, and communication protocols of incoming wire requests to match the processing application's requirements. This parameter transformation enables versatile third-party applications to interoperability with the processing system without compromising data transmission reliability.
3Manufacturing precision
If protocol translation is performed manually, then translation accuracy is maintained, but time consumption and processing latency increase
Solution Approach 1:
The API performs self-service protocol translation automatically without requiring manual administrator intervention. The system autonomously receives wire requests in third-party protocols, translates them to the processing application's protocol, and forwards them through automated processing. This eliminates human latency while maintaining translation accuracy through programmed translation rules and validation mechanisms.
Solution Approach 2:
The API performs preliminary protocol translation actions before wire requests reach the processing application. By translating and validating protocols in advance through the API layer, the system prepares data in the correct format beforehand, eliminating translation delays during processing and reducing overall latency while maintaining accuracy.
4Productivity
If wire requests are processed without protocol translation, then processing speed is maintained, but error rates and bandwidth wastage increase
Solution Approach 1:
The API acts as an intermediary that performs protocol translation and validation before wire requests reach the processing application. This mediator filters out protocol errors and ensures data correctness in advance, reducing error rates and preventing bandwidth wastage from retransmissions. The processing application then operates at full speed on already-validated data.
Data Source
AI summary
Computing environments can translate protocols for wire requests received from third-party applications according to some aspects described herein. For example, a processing device can receive a wire request transmitted from a first wire-transfer application. The wire request can be provided from the first wire-transfer application according to a first protocol via a first interface. The processing device can generate a translated wire request that is compatible with a second protocol associated with a second interface for a second wire-transfer application. The wire request can be translated to the second protocol based on characteristics of the wire request. The processing device can transmit the translated wire request to the second wire-transfer application, which can generate an automated process for processing the translated wire request. The automated process can be executed before a wire requested by the wire request is performed between two entities.