Abstract

The present disclosure relates to techniques for a sophisticated method and system designed to monitor and manage financial transactions in near real-time, specifically addressing anomalies in the transaction lifecycle. The disclosed technique introduces an Automatic Transaction Compensator (ATC) to monitor and manage financial transactions, seamlessly integrating with existing payment platforms. The ATC may autonomously detect and correct anomalies like system errors or timeouts, ensuring transaction integrity. For instance, if a successful transaction triggers an error message to the merchant, the ATC may promptly initiate a reversal to prevent unintended multiple authorizations. This compensating mechanism may operate in real-time or offline, handling individual reversals or bulk cancellations efficiently. Detailed reports on anomalies and corrective actions enhance transparency and review capabilities. By minimizing manual intervention and maintaining transaction integrity, this approach may enhance the reliability and efficiency of electronic payment systems.

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.

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