18063713. STATUS DETERMINATION OF ELECTRONIC TRANSACTIONS USING REDUCED MEMORY RESOURCES simplified abstract (Truist Bank)
Contents
STATUS DETERMINATION OF ELECTRONIC TRANSACTIONS USING REDUCED MEMORY RESOURCES
Organization Name
Inventor(s)
Kendra Henry of Charlotte NC (US)
Luana Peterman of Lancaster SC (US)
STATUS DETERMINATION OF ELECTRONIC TRANSACTIONS USING REDUCED MEMORY RESOURCES - A simplified explanation of the abstract
This abstract first appeared for US patent application 18063713 titled 'STATUS DETERMINATION OF ELECTRONIC TRANSACTIONS USING REDUCED MEMORY RESOURCES
Simplified Explanation:
The system described in the patent application can efficiently analyze electronic messages related to a common category of transactions, identify messages that are connected to each other and to a specific transaction, and group them together. It can also determine if any messages are missing from the group, indicating an incomplete transaction, and automatically notify the relevant parties about the missing message.
- Efficiently analyze electronic messages related to a common category of transactions
- Identify connected messages and group them together
- Determine missing messages in a group to identify incomplete transactions
- Automatically notify relevant parties about missing messages
Key Features and Innovation:
- Efficient processing of electronic messages related to transactions
- Automated identification and grouping of connected messages
- Detection of missing messages to highlight incomplete transactions
- Automatic notification system for missing messages
Potential Applications:
This technology could be applied in various industries such as finance, e-commerce, and communication systems to streamline transaction processes and ensure completeness and accuracy.
Problems Solved:
- Efficient analysis of electronic messages related to transactions
- Identification of connected messages for better transaction management
- Detection of missing messages to prevent incomplete transactions
Benefits:
- Improved transaction processing efficiency
- Enhanced accuracy and completeness of transactions
- Automated notification system for missing messages
Commercial Applications:
Title: Enhanced Transaction Management System for Improved Efficiency
This technology could be utilized by financial institutions, e-commerce platforms, and communication service providers to enhance transaction processing, reduce errors, and improve customer satisfaction.
Prior Art:
Further research can be conducted in the fields of transaction processing systems, communication protocols, and data analysis techniques to explore existing technologies related to this innovation.
Frequently Updated Research:
Stay updated on advancements in transaction processing systems, data analysis algorithms, and communication technologies to enhance the capabilities of this innovative system.
Questions about the Technology: 1. How does the system efficiently analyze and group electronic messages related to transactions? 2. What are the potential implications of using this technology in various industries?
Original Abstract Submitted
A system that can, using reduced memory and processor resources, receive a plurality of electronic messages about a common category of electronic transactions, analyze data fields of the electronic messages, and identify electronic messages that share a common marker as being related to each other and to a given electronic transaction. The system can also extract a collection of related electronic messages as a message group, ascertain the message type of each electronic message in the message group, and determine whether any electronic messages are missing from the message group based on the collection of message types present in the message group, where a missing electronic message indicates an incomplete electronic transaction. In response to determining that an electronic message is missing from the message group, the system can automatically generate a notification that identifies the incomplete electronic transaction related to the missing electronic message, and transmit the notification to a sender or receiver of the electronic messages in the message group, to notify the sender or receiver of the incomplete electronic transaction.
