Real-time delegated approval of initiated data exchanges by network-connected devices

A computer-implemented method, comprising:

• determining, by at least one processor, a value of a parameter that characterizes an exchange of data and a first data type involved in the data exchange;
• generating and transmitting, by the at least one processor, a first signal to a communications device associated with a second data type available for use in the data exchange, the second data type being associated with the first data type;
• receiving, by the at least one processor, a second signal from the communications device, the second signal comprising information indicative of an approval of the second data type for use in the data exchange;
• and
• in response to the received approval, performing, by the at least one processor, the data exchange using the second data type and in accordance with the parameter value.

An apparatus, comprising:

• a communications unit;
• a storage unit storing instructions;
• and
• at least one processor coupled to the communications unit and the storage unit, the at least one processor being configured to execute the instructions to:
• determine a first data type involved in a data exchange initiated at a terminal device;
• generate and transmit a first signal to the terminal device via the communications unit, the first signal comprising status data that reflects a pending performance of the data exchange using a second data type, the second data type available for use in the data exchange and being associated with the first data type;
• receive, via the communications unit, a second signal from a communications device associated with the second data type, the second signal comprising information indicative of an approval of the second data type for use in the data exchange;
• and
• in response to the received approval, generate and transmit a third signal to the terminal device via the communications unit, the third signal comprising modified status data reflecting a performance of the initiated data exchange using the second data type, and the third signal further comprising further information that instructs the terminal device to modify local status data to reflect the modified status data.