System and method for data management and financial transaction categorization

• US 10,096,071 B1
• Filed: 04/14/2014
• Issued: 10/09/2018
• Est. Priority Date: 11/28/2007
• Status: Active Grant

• Current Assignee: Wells Fargo Bank NA (Wells Fargo & Company)
• Original Assignee: Wells Fargo Bank NA (Wells Fargo & Company)
• Inventors: Krakowiecki, Matthew, Kolling, Pearl, Mackouse, Jack, Rhein, Kevin, Hoople, Elizabeth, Yee, Kathy
• Primary Examiner(s): ADE, OGER GARCIA
• Application Number:
  US14/252,371
• Time in Patent Office: 1,639 Days
• Field of Search: 705 30
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

A transaction management system includes a database system configured to receive and store data for a plurality of financial transactions, the data for the plurality of financial transactions being associated with a plurality of financial accounts of a user. The system further includes a server system coupled to the database system and configured to categorize the plurality of financial transactions into a plurality of categories, the categories including merchant categories and payment method categories, the server system being further configured to provide a plurality of user interfaces to the user, each user interface providing a display of a different portion of the plurality of financial transactions, each user interface configured to enable a user to select a link configured to direct the user to an image of a check associated with one of the plurality of financial transactions; and categorize the financial transaction into a one of the merchant categories.

Claims

1. A computer-implemented system for customized management of financial transactions, the system comprising:

a processor and program logic stored in memory and executable by the processor, the program logic configured to;

manage bank accounts respectively associated with a plurality of account holders for a bank and process transactions for the bank accounts;

provide a display of a plurality of categories wherein the transactions are categorized into the plurality of categories, the plurality of categories including at least merchant categories and payment type categories;

provide a first link selectable to enable an account holder to categorize at least one of the transactions; and

provide at least one second link, the at least one second link being selectable to direct the account holder to financial tools available through the bank, the at least one second link being selected for display based on at least one customization criteria;

wherein the at least one customization criteria includes at least one of (i) whether the account holder has an active spending plan with the bank, (ii) whether the account holder typically has a positive total monthly cash flow, and (iii) whether the account holder has an active budget plan with the bank.

2. The system of claim 1, wherein the at least one customization criteria is associated with the bank and the account holder.

3. The system of claim 2, wherein the at least one customization criteria includes whether the account holder has an active spending plan with the bank, and the selectable link directs the account holder to a user interface configured to enable the account holder to set up a spending plan.

4. The system of claim 2, wherein the at least one customization criteria includes whether the account holder typically has a positive total monthly cash flow, and the selectable link directs the account holder to a user interface configured to provide the account holder with options regarding investment of any surplus cash flow.

5. The system of claim 2, wherein the at least one customization criteria includes whether the account holder has an active budget plan with the bank, and the selectable link directs the account holder to a user interface configured to enable the account holder to set up a budget plan.

6. The system of claim 1, wherein the transactions include credit card transactions and check transactions.

7. The system of claim 1, wherein the categories include merchant categories and payment method categories.