XML Credit Data Intermediary for Multi-Provider Compatibility
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Solution Overview
Problem
Existing systems for facilitating business transactions between unknown buyers and sellers face challenges in automatically communicating with various credit reporting agencies due to proprietary interfaces, making it difficult to obtain and analyze credit information efficiently.
Innovation Solution
A computer system and method that transforms credit information requests and responses into a standardized XML format using XSL documents, allowing communication with multiple credit providers without requiring users to know proprietary formats, and enabling automatic evaluation of credit information for decision-making.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If proprietary interfaces are used by credit reporting agencies, then each provider can maintain their own data format and communication protocol, but the system complexity increases and users must learn multiple formats to communicate with different providers
Solution Approach 1:
The patent introduces a standardized interface layer (XML-based) that acts as an intermediary between the user's system and the proprietary interfaces of different credit reporting agencies. This standardized layer translates requests into provider-specific formats and transforms responses back into a unified format, eliminating the need for users to directly handle multiple proprietary formats while maintaining compatibility with all providers.
Solution Approach 2:
The patent creates a universal communication protocol using XML as the standard interface for all credit reporting agencies. This universal format can be used to communicate with any provider in the system, making the interface multi-functional and provider-agnostic. The same XML-based interface handles communications with different providers, eliminating the need for separate interface implementations for each agency.
2Adaptability or versatility
If users must learn multiple proprietary formats to communicate with different credit providers, then each provider's specific format can be optimized for their needs, but the ease of operation decreases and users face steep learning curves
Solution Approach 1:
The standardized XML interface serves as an intermediary that shields users from the complexity of multiple proprietary formats. Users interact with a single, consistent interface regardless of which credit reporting agency they query, while the system handles the translation to and from provider-specific formats automatically.
Solution Approach 2:
The universal XML-based interface provides a consistent, unified way to communicate with all credit reporting agencies. This universal interface can be used across all providers without requiring users to learn different formats, making the system easy to operate while maintaining broad compatibility.
3Reliability
If manual evaluation of credit information is performed, then users can carefully analyze the credit report details, but the time required for the process increases and productivity decreases
Solution Approach 1:
The system incorporates automated evaluation mechanisms that provide immediate feedback on credit information analysis. The automated systems can quickly assess credit reports, identify risks, and provide recommendations, enabling rapid decision-making while maintaining reliability through structured evaluation criteria.
Solution Approach 2:
The system enables self-service automated credit evaluation where the credit information is automatically processed and analyzed without requiring extensive manual intervention. The automated systems perform the evaluation functions that would otherwise require manual analysis, significantly reducing processing time while maintaining evaluation accuracy through programmed criteria.
Data Source
AI summary
Computer systems and methods for providing credit information data are disclosed. In one embodiment, an exemplary method includes generating a first mark up language document in a requestor domain. The credit information query data may include provider identification data to enable identification of a provider of credit information data. The method further includes retrieving a first provider specific transformation document for transforming the first markup language document into a provider domain of the provider and sending the second mark up language document to the provider. The method further includes receiving a third mark up language document carrying the credit information data, where the third mark up language document is in the provider domain. The method further includes retrieving a second provider specific transformation document for transforming the third document into the requestor domain. The method further includes transforming the third mark up document by the second provider specific transformation document.