18441177. Transaction Processing Failover simplified abstract (Capital One Services, LLC)
Contents
- 1 Transaction Processing Failover
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 Transaction Processing Failover - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Commercial Applications
- 1.9 Prior Art
- 1.10 Frequently Updated Research
- 1.11 Questions about Transaction Processing Systems
- 1.12 Original Abstract Submitted
Transaction Processing Failover
Organization Name
Inventor(s)
Jacob Creech of McKinney TX (US)
Transaction Processing Failover - A simplified explanation of the abstract
This abstract first appeared for US patent application 18441177 titled 'Transaction Processing Failover
Simplified Explanation
Transaction processing systems described in the patent application can handle various transactions efficiently. These systems consist of a transaction processing device and a distributed processing system. The device receives transaction requests from client devices and processes them, while the distributed system also manages transaction requests and maintains a transaction history. Both systems can send a notification when a transaction is successfully processed and keep track of processed transactions. When the transaction processing device becomes available again after being offline, the transaction history is reconciled.
- The patent application describes a transaction processing system that efficiently handles various transactions.
- The system includes a transaction processing device and a distributed processing system.
- The device processes transaction requests from client devices, while the distributed system maintains a transaction history.
- Notifications are sent when transactions are successfully processed, and processed transactions are tracked.
- The transaction history is reconciled when the transaction processing device becomes available after being offline.
Potential Applications
The technology described in the patent application can be applied in various industries and sectors, including finance, e-commerce, supply chain management, and healthcare. It can streamline transaction processing, improve efficiency, and enhance data management.
Problems Solved
The technology addresses the challenges associated with processing a large volume of transactions efficiently, maintaining transaction histories accurately, and reconciling data after system downtime. It improves the reliability and performance of transaction processing systems.
Benefits
- Improved efficiency in handling transactions - Enhanced data management and tracking - Increased reliability and performance of transaction processing systems - Streamlined reconciliation of transaction histories
Commercial Applications
Title: Enhanced Transaction Processing System for Improved Efficiency This technology can be utilized by financial institutions, online retailers, logistics companies, and healthcare providers to streamline transaction processing, improve data management, and enhance overall operational efficiency. It can lead to cost savings, increased productivity, and improved customer satisfaction.
Prior Art
Information on prior art related to this technology is not provided in the patent application.
Frequently Updated Research
There is no information available on frequently updated research relevant to this technology.
Questions about Transaction Processing Systems
Question 1
How does the transaction processing device handle transaction requests from client devices?
The transaction processing device receives transaction requests from client devices and processes them efficiently to ensure timely completion.
Question 2
What happens when the transaction processing device becomes available after a period of unavailability?
When the transaction processing device becomes available again, the transaction history for both the device and the distributed ledger is reconciled to ensure accurate data management.
Original Abstract Submitted
Transaction processing systems in accordance with aspects of the invention may process a variety of transactions. Transaction processing systems may include a transaction processing device and a distributed processing system. The transaction processing device obtains transaction requests from a variety of client devices and process the transaction requests. The distributed processing system may also obtain the transaction requests and maintain a transaction history of the transaction requests obtained and/or processed by the transaction processing device. Both the distributed processing system and the transaction processing device may send a transaction succeeded event based on the transaction being processed successfully. The transaction processing device and distributed ledger may also maintain an indication of if a particular transaction has been processed. When the transaction processing device becomes available after a period of unavailability, the transaction history for both the transaction processing device and distributed ledger may be reconciled.
