Future resource forecast

• US 10,235,718 B2
• Filed: 05/27/2015
• Issued: 03/19/2019
• Est. Priority Date: 05/28/2014
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Inventors: Sukthanker, Chetan, Serrano, Michelle, Van Scherpe, April
• Primary Examiner(s): Goyea, Olusegun
• Application Number:
  US14/723,381
• Publication Number:
  US 20150348211A1
• Time in Patent Office: 1,392 Days
• Field of Search: 705 267, 705 35, 705 30, 705 40, 705 39, 705 36 R, 705 268, 235379, 235380
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

Embodiments relate to methods and systems for providing specific GUIs based on real-time data and projected data, such as for management of financial resources in view of future resource forecasts. In an embodiment, a method comprises receiving, electronically by a processor, user data comprising financial source data, income data and expenses data. The method also comprises determining, electronically by the processor, spendable resources based on the received user data. The method also comprises receiving, electronically by the processor, user inputs via an interactive interface of a user device comprising desired expense information. The method further comprises determining, electronically by the processor, an impact of the desired expense information on the spendable resources. And the method also comprises causing to be displayed, electronically by the processor, content associated with the impact on the user device.

Claims

1. A system comprising:

a non-transitory memory; and

one or more hardware processors coupled to the non-transitory memory and configured to read instructions from the non-transitory memory to cause the system to perform operations comprising;

providing an application on a mobile device of a user for performing mobile payment transactions for the user;

receiving, via the application, user credentials corresponding to a funding source associated with an entity;

in response to the receiving, establishing a link with the funding source by accessing a server associated with the entity;

obtaining user financial data associated with the funding source based at least on the established link, wherein the user financial data comprises a current balance of the funding source, income data representing one or more projected incomes for the funding source within a first time period, and expense data representing one or more projected expenses for the funding source within the first time period;

determining, based on the user financial data, a first projected spendable resource from the funding source according to a first projected time frame by computing a first projected impact of the income data and the expense data on the funding source within the first projected time frame;

determining, based on the user financial data, a second projected spendable resource from the funding source according to a second projected time frame by computing a second projected impact of the income data and the expense data on the funding source within the second projected time frame;

providing, through the application executed on the mobile device, an interactive interface comprising a presentation area that simultaneously presents the first and second projected spendable resources and an input interface that enables the user to submit desired expense information related to a potential purchase, wherein the presentation area comprises a first graphical element representing the first projected spendable resource and a second graphical element representing the second projected spendable resource, wherein the first graphical element has a first size corresponding to a first amount of the first projected spendable resource and the second graphical element has a second size corresponding to a second amount of the second projected spendable resource;

receiving, by the application via the interactive interface, the desired expense information related to the potential purchase, wherein the desired expense information comprises a cost of an item, and an intended purchase date; and

in response to receiving the desired expense information, automatically adjusting the first and second sizes of the first graphical element and the second graphical element, respectively, presented on the interactive interface to reflect determined impacts of the desired expense information on the first projected spendable resource and the second projected spendable resource;

in response to determining that the determined impacts of the desired expense information comprise at least one of a first negative projected spendable resource or a second negative projected spendable resource, (i) providing, on the interactive interface, an alert indicating a modified intended purchase date for the potential purchase and (ii) presenting an interactive element on the interactive interface for performing a payment transaction based on the desired expense information and the modified intended purchase date, wherein an impact of purchasing the item on the modified intended purchase date comprises a first positive projected spendable resource and a second positive projected spendable resource; and

in response to receiving a user input via the interactive element, scheduling a processing of the payment transaction using the linked funding source based on the cost and the modified intended purchase date.

2. The system of claim 1, wherein the income data comprises at least one income amount having an associated frequency.

3. The system of claim 1, wherein the first amount of the first projected spendable resource represents an amount left in the funding source when the first projected time frame ends.

4. The system of claim 1, wherein the expense data comprises at least one recurring expense amount having an associated frequency.

5. The system of claim 1, wherein the user financial data further comprises an account number and a transaction history of the funding source.

6. The system of claim 1, wherein the operations further comprise prompting, via the interactive interface the user to enter, via the input interface, a dollar amount and a date on which the dollar amount is to be spent.

7. The system of claim 1, wherein the adjusted first and second graphical elements indicate whether the desired expense information is or is not affordable, or that the desired expense information is affordable at a later time.

13. The system of claim 1, wherein the first amount of the first projected spendable resource represents a first projected balance of the funding source when the first projected time frame ends based on the user financial data and wherein the second amount of the second projected spendable resource represents a second projected balance of the funding source when the second projected time frame ends based on the user financial data.

14. The system of claim 1, wherein the operations further comprise obtaining, from a biometric scanner of the device, biometric data of the user, wherein obtaining the user financial data is based on the obtained biometric data.

15. The system of claim 1, wherein the operations further comprise determining the impact of the desired expense information on the first projected spendable resource, wherein determining the impact comprises:

determining whether the intended purchase date is within the first projected time frame;

in response to a determination that the intended purchase date is within the first projected time frame, computing a projected balance for the first projected time frame based on the current balance of the funding source, at least one of the one or more projected incomes scheduled within the first projected time frame, at least one of the one or more projected expenses scheduled within the first projected time frame, and the cost of the potential purchase; and

updating the first amount based on the determined projected balance.

16. The system of claim 15, wherein the first size of the first graphical element is adjusted on the interactive interface based on the updated first amount.

19. The system of claim 1, wherein the desired expense information related to the potential purchase is received either by obtaining data wirelessly from a Near Field Communication (NFC) device of a product or by scanning an image of a code associated with the product.

20. The system of claim 1, wherein the operations further comprise processing the scheduled payment transaction using the linked funding source on the modified intended purchase date.

8. A method comprising:

receiving, via an application on a mobile device of a user configured to perform mobile payment transactions for the user, user credentials corresponding to a funding source associated with an entity;

in response to the receiving, establishing, by the one or more hardware processors, a link with the funding source by accessing a server associated with the entity;

obtaining, by the one or more hardware processors, user financial data associated with the funding source based at least in part on the established link, wherein the user financial data comprises a current balance of the funding source, income data representing one or more projected incomes for the funding source within a first time period, and expenses data representing one or more projected expenses for the funding source within the first time period;

determining, by the one or more hardware processors based on the user financial data, a first projected spendable resource according to a first projected time frame by computing a first projected impact of the income data and the expense data on the funding source within the first projected time frame;

determining, based on the user financial data, a second projected spendable resource from the funding source according to a second projected time frame by computing a second projected impact of the income data and the expense data on the funding source within the second projected time frame;

providing, by the one or more hardware processors through the application executed on the device, an interactive interface comprising a presentation area that simultaneously presents the first and second projected spendable resources and an input interface that enables the user to submit desired expense information related to a potential purchase, wherein the presentation area comprises a first graphical element representing the first projected spendable resource and a second graphical element representing the second projected spendable resource, wherein the first graphical element has a first size corresponding to a first amount of the first projected spendable resource and the second graphical element has a second size corresponding to a second amount of the second projected spendable resource;

receiving, by the one or more hardware processors via the interactive interface of the application, the desired expense information related to the potential purchase, wherein the desired expense information comprises a cost of an item and an intended purchase date;

in response to receiving the desired expense information, automatically adjusting, by the one or more hardware processors, the first and second sizes of the first graphical element and the second graphical element, respectively, presented on the interactive interface to reflect determined impacts of the desired expense information on the first projected spendable resource and the second projected spendable resource;

in response to determining that the determined impacts of the desired expense information comprise at least one of a first negative projected spendable resource or a second negative projected spendable resource, (i) providing, by the one or more hardware processors on the interactive interface, an alert indicating a modified intended purchase date for the potential purchase and (ii) presenting, by the one or more hardware processors, an interactive element on the interactive interface for performing a payment transaction based on the desired expense information and the modified intended purchase date, wherein an impact of purchasing the item on the modified intended purchase date comprises a first positive projected spendable resource and a second positive projected spendable resource; and

in response to receiving a user input via the interactive element, scheduling a processing of the payment transaction using the linked funding source based on the cost and the modified intended purchase date.

9. The method of claim 8, wherein the first projected time frame ends before at least one of the one or more projected income is scheduled and wherein the second projected time frame is longer than the first time frame.

10. The method of claim 8, wherein receiving the desired expense information via the input interface comprises causing a scanner of the device to scan product information associated with the potential purchase.

17. The method of claim 8, wherein the first amount of the first projected spendable resource represents a first projected balance in the first projected time frame based on the user financial data and wherein the second amount of the second projected spendable resource represents a second projected balance in the second projected time frame based on the user financial data.

18. The method of claim 8, further comprising determining the impact of the desired expense information on the first projected spendable resource, wherein determining the impact comprises:

determining whether the intended purchase is within the first projected time frame;

in response to a determination that the intended purchase date is within the first projected time frame, calculating, by the one or more hardware processors, a projected balance of the funding source for the first projected time frame based on the current balance of the funding source, at least one of the one or more projected incomes scheduled within the first projected time frame, at least one of the one or more projected expenses scheduled within the first projected time frame, and the cost of the potential purchase; and

updating the first amount based on the determined projected balance.

11. A non-transitory machine-readable medium having stored thereon machine-readable instructions executable to cause a machine to perform operations comprising:

providing an application on a mobile device of a user for performing mobile payment transactions for the user;

receiving, via the application, user credentials corresponding to a funding source associated with an entity;

in response to the receiving, establishing a link with the funding source by accessing a server associated with the entity;

obtaining user financial data associated with the funding source based at least in part on the established link, wherein the user financial data comprises a current balance of the funding source, income data representing one or more projected incomes for the funding source within a first time period, and expense data representing one or more projected expenses for the funding source within the first time period;

determining, based on the user financial data, a first projected spendable resource from the funding source according to a first projected time frame by computing a first projected impact of the income data and the expense data on the funding source within the first projected time frame;

determining, based on the user financial data, a second projected spendable resource according to a second projected time frame by computing a second projected impact of the income data and the expense data on the funding source within the second projected time frame;

providing, through the application executed on the device, an interactive interface comprising a presentation area that simultaneously presents the first and second projected spendable resources and an input interface that enables the user to submit desired expense information related to a potential purchase, wherein the presentation area comprises a first graphical element representing the first projected spendable resource and a second graphical element representing the second projected spendable resource, wherein the first graphical element has a first size corresponding to a first amount of the first projected spendable resource and the second graphical element has a second size corresponding to a second amount of the second projected spendable resource;

receiving, via the interactive interface, the desired expense information related to the potential purchase, wherein the desired expense information comprises a cost of an item and an intended purchase date;

in response to receiving the desired expense information, automatically adjusting the first and second sizes of the first graphical element and the second graphical element, respectively, on the interactive interface to reflect determined impacts of the desired expense information on the first projected spendable resource and the second projected spendable resource;

in response to determining that the determined impacts of the desired expense information comprise at least one of a negative first projected spendable resource or a negative second projected spendable resource, (i) providing, on the interactive interface, an alert indicating a modified intended purchase date for the potential purchase and (ii) presenting an interactive element on the interactive interface for performing a payment transaction based on the desired expense information and the modified intended purchase date, wherein an impact of purchasing the item on the modified intended purchase date comprises a positive first projected spendable resource and a positive second projected spendable resource; and

in response to receiving a user input via the interactive element, processing the payment transaction according to the modified intended purchase date using the linked funding source.

12. The non-transitory computer-readable medium of claim 11, wherein the operations further comprise determining the impact of the desired expense information on the first projected spendable resource, wherein determining the impact comprises:

determining whether the intended purchase date is within the first projected time frame;

in response to a determination that the intended purchase date is within the first projected time frame, computing a projected balance for the funding source based on the current total balance of the funding source, at least one of the one or more projected incomes scheduled within the first projected time frame, at least one of the one or more projected expenses scheduled within the first projected time frame, and the cost of the potential purchase; and

updating the first amount based on the determined projected balance.