News Column

"Self-Service Transaction and Automatic Emergency Hedge System" in Patent Application Approval Process

August 19, 2014



By a News Reporter-Staff News Editor at China Weekly News -- A patent application by the inventors Luo, Panfeng (Guangzhou, CN); Xie, Fei (Guangzhou, CN); Wang, Qinghua (Guangzhou, CN); Tao, Pinde (Guangzhou, CN); Huo, Guojie (Guangzhou, CN), filed on July 10, 2012, was made available online on August 7, 2014, according to news reporting originating from Washington, D.C., by VerticalNews correspondents.

This patent application is assigned to GRG Banking Equipment Co., Ltd.

The following quote was obtained by the news editors from the background information supplied by the inventors: "With the development of financial electronization in China, financial self-service transaction is gradually becoming a main way that the financial institutions serve their customers. However, with wide application of financial self-service terminals, security problems of financial self-service terminals are increasingly emerging and widely concerned by the society, and prevention of crimes relating to financial self-service transaction has become a world subject.

"In order to decrease crimes relating to financial self-service terminals technically, the first issue to be considered is to decrease risk earning ratio of this criminal offence and increase criminal cost of criminals. Nowadays, various banks and providers of software and hardware products of various financial self-service devices in China provide various security solutions and various security products to enhance the security of financial self-service devices.

"Nowadays, there are mainly some solutions as described hereinafter for increasing security of financial self-service devices.

"(1) Reproducing the criminal scene afterwards by video monitor to facilitate the public security organs to track suspects, which is a remedy measure.

"(2) Improving the security of the financial self-service devices against some specific criminal ways used by criminals such as installing some deceive devices purloining user's password and card information, which is a stopgap measure.

"(3) For 'emulational' financial self-service devices, an EMV solution or a mobile phone operation solution is proposed for use. These solutions, however, are all based on a fact that the existing business operation flow, the bank business platform, user habit or others is greatly changed, and thus have disadvantages of high cost and long time, especially when relating to a great change of bank internal business platforms, and thus these solutions cannot be carried out in a short time.

"A problem the existing security solutions encountered is: these solutions cannot actively prevent and actively terminate crimes relating to financial self-service devices technically. Especially for some instances causing user losses such as when an operator is hijacked and an operation authority is transferred, there is no corresponding technical security safeguard measure."

In addition to the background information obtained for this patent application, VerticalNews journalists also obtained the inventors' summary information for this patent application: "The present invention proposes an automatic emergency risk avoiding system for self-service transaction, which automatically identifies unsafe factors outside during a transaction process of a current user of a self-service terminal, and automatically performs emergency risk avoiding to terminate the current transaction when detecting an operator in a safety area of the self-service terminal changes, and thus the security of user's capital can be ensured.

"It is provided according to the invention an automatic emergency risk avoiding system for a self-service transaction, including:

"an emergency signal generation module configured for: during a transaction process, collecting and identifying current environment information in a safety area of a self-service terminal, extracting user feature information in the collected current environment information, comparing the extracted user feature information in the collected current environment information with stored user comparison information, and issuing an emergency termination service signal in the case that the extracted user feature information in the collected current environment information is not consistent with the stored user comparison information, wherein the user comparison information is user feature information collected and stored when a user inputs a correct password for transaction; and

"a self-service terminal control module for detecting and receiving the emergency termination service signal and controlling the self-service terminal to terminate the transaction in response to the emergency termination service signal.

"Implementing the automatic emergency risk avoiding system for self-service transaction has the following effects:

"The automatic emergency risk avoiding system for self-service transaction according to the present invention automatically identifies unsafe factors outside during a transaction process of a current user of a self-service terminal, and automatically performs emergency risk avoiding to terminate the current transaction when detecting an operator in a safety area of the self-service terminal is changed, and thus the security of user's capital can be ensured. For example, during a transaction process, using the emergency signal generation module to collect and identify current environment information in the safety area of the self-service terminal, extract user feature information in the collected current environment information, compare the extracted user feature information in the collected current environment information with stored user comparison information, and issue an emergency termination service signal if the extracted user feature information in the collected current environment information is not consistent with the stored user comparison information; wherein the user comparison information is user feature information collected and stored when the user inputs a correct password for transaction; and using the self-service terminal control module to detect and receive the emergency termination service signal, and control the self-service terminal to terminate the transaction according to the emergency termination service signal. Therefore, during a business transaction process of a financial self-service terminal (especially during money drawing and account transferring transactions), process flow facilitating the security of the cardholder's account fund is automatically taken without manual intervention according to the change of outside environment such as when an operator of the financial self-service device in the safety area is hijacked and thus the operation authority is transferred, or unsafe factors such as others appear in the safety area, therefore, the security of the account fund during the user business operation process is improved technically, and the crime success rate and crime earning ratio of criminals are decreased.

BRIEF DESCRIPTION OF THE DRAWINGS

"FIG. 1 is a schematic structural diagram of an automatic emergency risk avoiding system for self-service transaction according to the present invention;

"FIG. 2 is a schematic flow chart for performing money withdrawal business if the automatic emergency risk avoiding system for self-service transaction according to the present invention is applied to a self-service terminal control system in the prior art;

"FIG. 3 is a schematic flow chart for performing transfer business if the automatic emergency risk avoiding system for self-service transaction according to the present invention is applied to a self-service terminal control system in the prior art."

URL and more information on this patent application, see: Luo, Panfeng; Xie, Fei; Wang, Qinghua; Tao, Pinde; Huo, Guojie. Self-Service Transaction and Automatic Emergency Hedge System. Filed July 10, 2012 and posted August 7, 2014. Patent URL: http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.html&r=1001&p=21&f=G&l=50&d=PG01&S1=20140731.PD.&OS=PD/20140731&RS=PD/20140731

Keywords for this news article include: Asia, China, GRG Banking Equipment Co. Ltd.

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Source: China Weekly News


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