System and method for division and management of expenses

• US 10,134,023 B2
• Filed: 09/23/2013
• Issued: 11/20/2018
• Est. Priority Date: 06/22/2011
• Status: Active Grant

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Zhgeng, Michelle, Nieporent, Robert Andrew, Murray, Sean H., Keevil, Allison Anne
• Primary Examiner(s): Crawley, Talia F
• Application Number:
  US14/033,768
• Publication Number:
  US 20140214652A1
• Time in Patent Office: 1,884 Days
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer

Abstract

Embodiments of the invention are directed to a computer-implemented expense splitting method and system for allowing a payer to divide expenses among multiple purchasers. The method may include storing, in at least one computer memory, payer data and expense splitting instructions and accessing the computer memory with at least one computer processor and executing the instructions to perform multiple steps. The steps may include converting a captured receipt image to purchase data and providing a user interface displaying entries corresponding to purchases, and further providing a tagging option for tagging each of the entries with an indicator of at least one purchaser identity. The steps may also include allocating a percentage of each entry to at least one purchaser based on the tagging, calculating an amount due from each purchaser based on the allocation, providing a payment interface for allowing online payment from the payer for a total amount of purchase; and generating reimbursement requests requesting each purchaser to reimburse the payer.

Claims

1. A computer-implemented expense splitting method for allowing a payer to divide expenses for a bill among multiple purchasers, the expense splitting method controlled from a payer mobile device, the method comprising:

transforming a receipt to purchase data that identifies each of one or more purchase entries using the payer mobile device, wherein the receipt is captured via an image or transmitted to the payer mobile device by a merchant;

providing an interactive tagging user interface on the payer mobile device generated based on the identified one or more entries in the purchase data, the interactive tagging user interface displaying one or more entries corresponding to one or more purchases and a tagging option in the interactive tagging user interface for tagging each of the entries with an indicator of one or more stored identities of the purchasers available from a recipient list interface, wherein the transformation of the receipt to the purchase data displays an automated alert on the interactive tagging user interface for input regarding the tagging option for tagging each of the entries;

determining when each of the entries on the interactive tagging user interface have been tagged in real time and prompting for tagging until all entries have been tagged;

allocating with an allocation engine a percentage of each of the entries on the interactive user interface to at least one of the purchasers based on the indicator of the one or more identities of the purchasers for each of the entries from the tagging when the determination indicates the tagging of all the entries is complete;

calculating an amount due from each of the purchasers based on the allocation, wherein the amount due includes allocating an amount of tax due based on the calculated amount due from each of the purchasers;

providing a payment interface on the payer mobile device for allowing online payment from the payer for a total amount of purchase for the bill; and

generating electronic reimbursement requests from the payer mobile device, the reimbursement requests automatically triggered in real time by the payment and requesting each of the purchasers to reimburse for the amount due from each of the purchasers, the reimbursement requests transmitted over a communication network from the payer mobile device to an electronic address stored for each of the purchasers and allowing online reimbursement to the payer from remote devices associated with the purchasers, wherein the payer mobile device receives an electronic notification and a transaction record is updated when each of the reimbursement requests is completed.

2. The method of claim 1, further comprising capturing the receipt image with a mobile device.

3. The method of claim 1, wherein transforming the captured receipt image to receipt data comprises performing optical character recognition.

4. The method of claim 1, wherein the at least one purchase corresponds to items on a restaurant bill.

5. The method of claim 1, further comprising facilitating online payment in real time through the payment interface.

6. The method of claim 1, further comprising triggering the reimbursement requests upon receipt of a payment request.

7. The method of claim 1, further comprising storing the purchase data and receipt image in an expense management system.

8. The method of claim 1, further comprising providing a reimbursement request interface for selecting purchasers.

9. The method of claim 1, wherein the system automatically generates reimbursement requests based on payment and allocation.

10. The method of claim 1, further comprising matching the receipt image and purchase data with a POS transaction record and storing the information in an expense management system.

11. A computer-implemented expense splitting system for allowing a payer to divide expenses for a bill among multiple purchasers, the expense splitting method controlled from a payer mobile device, the system comprising:

at least one computer memory storing payer data and expense splitting instructions;

at least one computer processor accessing the computer memory and executing the instructions to perform steps including;

transforming a receipt to purchase data that identifies each of one or more purchase entries using the payer mobile device, wherein the receipt is captured via an image or transmitted to the payer mobile device by a merchant;

providing an interactive tagging user interface generated based on the identified one or more entries in the purchase data, the interactive tagging user interface displaying one or more entries corresponding to one or more purchases and a tagging option in the tagging user interface for tagging each of the entries with an indicator of one or more stored identities of the purchasers available from a recipient list interface, wherein the transformation of the receipt to the purchase data displays an automated alert on the interactive tagging user interface for input regarding the tagging option for tagging each of the entries;

determining when each of the entries on the interactive tagging user interface have been tagged in real time and prompting for tagging until all entries have been tagged;

allocating with an allocation engine a percentage of each of the entries on the interactive user interface to at least one of the purchasers based on the indicator of the one or more identities of the purchasers for each of the entries from the tagging when the determination indicates the tagging of all the entries is complete;

calculating an amount due from each of the purchasers based on the allocation, wherein the amount due includes allocating an amount of tax due based on the calculated amount due from each of the purchasers;

providing a payment interface for allowing online payment from the payer for a total amount of purchase for the bill; and

generating electronic reimbursement requests from the payer mobile device, the reimbursement requests automatically triggered in real time by the payment and requesting each of the purchasers to reimburse for the amount due from each of the purchasers, the reimbursement requests transmitted over a communication network to an electronic address stored for each of the purchasers and allowing online reimbursement to the payer from remote devices associated with the purchasers, wherein an electronic notification is received and a transaction record is updated when each of the reimbursement requests is completed.

12. The system of claim 11, further comprising capturing the receipt image.

13. The system of claim 11, wherein transforming the captured receipt image to receipt data comprises performing optical character recognition.

14. The system of claim 11, wherein the at least one purchase correspond to items on a restaurant bill.

15. The system of claim 11, further comprising facilitating online payment in real time through the payment interface.

16. The system of claim 11, further comprising triggering the reimbursement requests upon receipt of a payment request.

17. The system of claim 11, further comprising storing the purchase data and receipt image in an expense management system.

18. The system of claim 11, further comprising providing a reimbursement request interface for selecting purchasers.

19. The system of claim 11, wherein the system automatically generates reimbursement requests based on payment and allocation.

20. The system of claim 11, further comprising matching the receipt image and purchase data with a POS transaction record and storing the information in an expense management system.

21. A non-transitory computer readable medium having stored thereon instructions for allowing a payer to divide expenses for a bill among multiple purchasers comprising executable code which when executed by at least one processor, causes the processor to:

transform a receipt to purchase data that identifies each of one or more purchase entries using the payer mobile device, wherein the receipt is captured via an image or transmitted to the payer mobile device by a merchant;

provide an interactive tagging user interface on the payer mobile device generated based on the identified one or more entries in the purchase data, the interactive tagging user interface displaying one or more entries corresponding to one or more purchases and a tagging option in the interactive tagging user interface for tagging each of the entries with an indicator of one or more stored identities of the purchasers available from a recipient list interface, wherein the transformation of the receipt to the purchase data displays an automated alert on the interactive tagging user interface for input regarding the tagging option for tagging each of the entries;

determine when each of the entries on the interactive tagging user interface have been tagged in real time and prompting for tagging until all entries have been tagged;

allocate with an allocation engine a percentage of each of the entries on the interactive user interface to at least one of the purchasers based on the indicator of the one or more identities of the purchasers for each of the entries from the tagging when the determination indicates the tagging of all the entries is complete;

calculate an amount due from each of the purchasers based on the allocation, wherein the amount due includes allocating an amount of tax due based on the calculated amount due from each of the purchasers;

provide a payment interface on the payer mobile device for allowing online payment from the payer for a total amount of purchase for the bill; and

generate electronic reimbursement requests from the payer mobile device, the reimbursement requests automatically triggered in real time by the payment and requesting each of the purchasers to reimburse for the amount due from each of the purchasers, the reimbursement requests transmitted over a communication network from the payer mobile device to an electronic address stored for each of the purchasers and allowing online reimbursement to the payer from remote devices associated with the purchasers, wherein the payer mobile device receives an electronic notification and a transaction record is updated when each of the reimbursement requests is completed.

22. The non-transitory computer readable media of claim 21, wherein the executable code when executed by the one or more processors further causes the one or more processors to facilitate online payment in real time through the payment interface.

23. The non-transitory computer readable media of claim 21, wherein the executable code when executed by the one or more processors further causes the one or more processors to trigger the reimbursement requests upon receipt of a payment request.

24. The non-transitory computer readable media of claim 21, wherein the executable code when executed by the one or more processors further causes the one or more processors to provide a reimbursement request interface for selecting purchasers.

25. The non-transitory computer readable media of claim 21, wherein the executable code when executed by the one or more processors further causes the one or more processors to automatically generate reimbursement requests based on payment and allocation.

26. The non-transitory computer readable media of claim 21, wherein the executable code when executed by the one or more processors further causes the one or more processors to match the receipt image and purchase data with a POS transaction record and storing the information in an expense management system.