Systems and methods for display notifications for routing of electronic transaction processing results

• US 10,169,820 B2
• Filed: 09/03/2015
• Issued: 01/01/2019
• Est. Priority Date: 09/03/2015
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Narayana, Usha, Summerrow, Kimberly Belle
• Primary Examiner(s): Masud, Rokib
• Application Number:
  US14/844,887
• Publication Number:
  US 20170069028A1
• Time in Patent Office: 1,216 Days
• Field of Search: 705 15, 705 16, 705 24
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: H04W 4/12 Messaging; Mailboxes; Announcements

Abstract

A computer implemented system and method are disclosed involving technological advancements in the processing of electronic transaction processing results. The system may comprise a computer apparatus implementing a checking account system, a savings account system, a merchant account and investment account on a funds management system, and one or more computer systems and mobile devices including a communication interface, processor, memory storing computer-executable instructions, and savings modules. Reward amounts may be calculated based on various techniques.

Claims

1. A method that results in reduced computing load on a point-of-sale device, the method comprising:

authorizing, by a computer server in signal communication with the point-of-sale device, a first financial transaction initiated at the point-of-sale device;

posting, by the computer server, the first financial transaction to a source account;

calculating, by the computer server, a first savings amount by rounding a transaction amount of the first financial transaction to a nearest whole monetary amount wherein the first savings amount is a difference between the transaction amount and the nearest whole monetary amount;

determining, by the computer server, that the first savings amount is available in the source account before debiting the first savings amount from the source account;

debiting, by the computer server, at least a portion of the first savings amount from the source account to a recipient account;

providing, by the computer server, an interface comprising a plurality of selectable input elements wherein each one of the selectable input elements corresponds to defining a savings goal;

receiving, by the computer sever, input identifying the savings goal;

calculating, by the computer server, an aggregate savings amount by aggregating the first savings amount and at least a second savings amount calculated for an at least second financial transaction posted to the source account;

calculating, by the computer server, an update amount comprising the aggregate savings amount posted in the recipient account as compared to the savings goal; and

sending, by the computer server, a notification of the update amount to a mobile device associated with the source account;

wherein computing load on the point-of-sale device is reduced because the calculation of the first savings amount is deferred to the computer server.

2. The method of claim 1, wherein the mobile device is a smartphone.

3. The method of claim 1, wherein the mobile device is a smartwatch.

4. The method of claim 1, wherein an input for defining a savings goal comprises a monetary amount to complete the savings goal.

5. The method of claim 4, wherein an input for defining a savings goal comprises a timeframe to complete the savings goal.

6. The method of claim 1, wherein the interface is a display of a mobile device associated with the source account.

7. The method of claim 6, wherein the interface is a touchscreen display of a mobile device associated with the source account.

8. The method of claim 1, wherein the notification is a graphical image on a display of a mobile device associated with the source account.

9. The method of claim 1, wherein the notification is an audio alert of a mobile device associated with the source account.

10. The method of claim 1, wherein the notification is a voice activation of a mobile device associated with the source account.

11. A system that results in reduced computing load on a point-of-sale device, comprising:

the point-of-sale device configured to conduct financial transactions;

a computer server, wherein the computer server is configured to communicate with the point-of-sale device;

a first computer memory at the computer server storing computer-executable instructions that, when executed by a first processor of the computer server, causes the computer server to perform steps comprising;

posting a first financial transaction to a source account;

calculating a first savings amount by rounding a transaction amount of the first financial transaction to a nearest whole monetary amount, wherein the first savings amount is a difference between the first financial transaction amount and the nearest whole monetary amount;

determining that the first savings amount is available in the source account before debiting the first savings amount from the source account;

debiting at least a portion of the first savings amount from the source account to a recipient account;

providing an interface comprising a plurality of selectable input elements wherein each one of the selectable input elements corresponds to defining a savings goal;

receiving input identifying the savings goal;

calculating an aggregate savings amount by aggregating the first savings amount and at least a second savings amount calculated for an at least second financial transaction posted to the recipient account;

calculating an update amount comprising the aggregate savings amount posted in the recipient account as compared to the savings goal; and

sending a notification of the update amount to a mobile device associated with the source account;

wherein computing load on the point-of-sale device is reduced because the calculation of the first savings amount is deferred to the computer server.

12. A system according to claim 11, wherein the mobile device is a smartphone.

13. A system according to claim 11, wherein mobile device is a tablet.

14. A system according to claim 11, wherein the mobile device receives the selection identifying one of the savings goal at the interface via voice activation from a user of the mobile device.

15. A system according to claim 11, wherein the interface of the mobile device is a touchscreen display.

16. A non-transitory computer-readable storage medium storing computer-executable instructions that, when executed by a computer processor, cause an apparatus to:

authorize, by a computer server in signal communication with a point-of-sale device, a first financial transaction initiated at the point-of-sale device;

post the first financial transaction to a source account;

calculate a first savings amount by rounding a transaction amount of the first financial transaction to a nearest whole monetary amount wherein the first savings amount is a difference between the transaction amount and the nearest whole monetary amount;

determine that the first savings amount is available in the source account before debiting the first savings amount from the source account;

debit at least a portion of the first savings amount from the source account to a recipient account;

provide an interface comprising a plurality of selectable input elements wherein each one of the selectable input elements corresponds to defining a savings goal;

receive input identifying the savings goal;

calculate, by the computer server, an aggregate savings amount by aggregating the first savings amount and at least a second savings amount calculated for an at least second financial transaction posted to the recipient account;

calculate an update amount comprising the aggregate savings amount posted in the recipient account as compared to the savings goal; and

send a notification of the update amount to a mobile device associated with the source account;

wherein computing load on the point-of-sale device is reduced because the calculation of the first savings amount is deferred to the computer server.

17. The non-transitory computer-readable storage medium of claim 16 wherein the interface is a touchscreen display of a mobile device.

18. The non-transitory computer-readable storage medium of claim 16 wherein the mobile device is a smartphone.