System and method for accumulation and maintenance of money in a vehicle maintenance savings account
First Claim
1. A system comprising:
- a telematics device in signal communication with at least one processor;
a plurality of vehicle sensors in communication with the telematics device;
the at least one processor;
an electronic communication interface in signal communication with an electronic communication network; and
a memory storing computer-readable instructions, that when executed by the at least one processor, cause the system to;
execute an application configured to detect telematics data by the telematics device;
initiate a communication session with the telematics device;
receive, in real-time and via the initiated communication session, the telematics data including data received from the plurality of vehicle sensors, the telematics data including a plurality of driving events, each driving event including at least two metrics based on at least one of;
speed, acceleration, braking and turning;
determine whether the at least two metrics match predefined criteria for a safe driving behavior;
responsive to determining that the at least two metrics match predefined criteria for the safe driving behavior, identify an amount of funds to be added to a balance of funds in a vehicle maintenance savings account associated with a first user;
increase the balance of funds in the vehicle maintenance savings account associated with the first user by the identified amount of funds;
receive, at the electronic communication interface via the electronic communication network, a first electronic communication indicating that the amount has been added to the balance of the vehicle maintenance savings account associated with the first user;
receive, at the electronic communication interface via the electronic communication network, transaction data related to at least one transaction to be made by the first user using at least a portion of the balance of the vehicle maintenance savings account, wherein the transaction data includes a cost associated with the at least one transaction and an identification of what is being purchased;
access, via the electronic communication network, a set of vehicle maintenance savings account spending restrictions, wherein the spending restrictions limit expenditure of the balance of the vehicle maintenance savings account to expenses related to costs of vehicle possession, vehicle operation, vehicle maintenance and driver safety;
determine whether at least a portion of the balance of the vehicle maintenance savings account is eligible to be used to fund the at least one transaction based, at least in part, on a comparison, via the at least one processor, of the transaction data to the spending restrictions; and
responsive to a determining that the at least a portion of the balance of the vehicle maintenance savings account is eligible to be used to fund the at least one transaction, initiate payment, via the at least one processor, of the cost of the at least one transaction using the funds in the vehicle maintenance savings account.
1 Assignment
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Accused Products
Abstract
Systems and methods are provided for accumulating and maintaining funds (e.g., money, a money proxy or a combination thereof) in a vehicle maintenance savings account. The account funds may be used to pay for the costs of maintaining and/or operating a vehicle (e.g., costs of maintenance and operation associated with ownership, leasing or renting a vehicle) and/or driver safety. For instance, the balance of the account may be used to pay for driver'"'"'s education, driver'"'"'s safety courses, attention improvement/maintenance courses, visual acuity improvement/maintenance courses, vehicle maintenance, repair, inspections, registration, check-ups, replacement parts, emissions testing, government stickers, taxes, license plates, insurance premiums, insurance deductibles, safety products, sensors/monitors, disposal fees, new vehicles of a certain type, etc. The vehicle maintenance savings account system may collect and analyze user data, and may accumulate funds for the user when the user engages in certain user behaviors (e.g., safe driving behaviors, purchase behaviors, account use behaviors, etc.).
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Citations
18 Claims
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1. A system comprising:
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a telematics device in signal communication with at least one processor; a plurality of vehicle sensors in communication with the telematics device; the at least one processor; an electronic communication interface in signal communication with an electronic communication network; and a memory storing computer-readable instructions, that when executed by the at least one processor, cause the system to; execute an application configured to detect telematics data by the telematics device; initiate a communication session with the telematics device; receive, in real-time and via the initiated communication session, the telematics data including data received from the plurality of vehicle sensors, the telematics data including a plurality of driving events, each driving event including at least two metrics based on at least one of;
speed, acceleration, braking and turning;determine whether the at least two metrics match predefined criteria for a safe driving behavior; responsive to determining that the at least two metrics match predefined criteria for the safe driving behavior, identify an amount of funds to be added to a balance of funds in a vehicle maintenance savings account associated with a first user; increase the balance of funds in the vehicle maintenance savings account associated with the first user by the identified amount of funds; receive, at the electronic communication interface via the electronic communication network, a first electronic communication indicating that the amount has been added to the balance of the vehicle maintenance savings account associated with the first user; receive, at the electronic communication interface via the electronic communication network, transaction data related to at least one transaction to be made by the first user using at least a portion of the balance of the vehicle maintenance savings account, wherein the transaction data includes a cost associated with the at least one transaction and an identification of what is being purchased; access, via the electronic communication network, a set of vehicle maintenance savings account spending restrictions, wherein the spending restrictions limit expenditure of the balance of the vehicle maintenance savings account to expenses related to costs of vehicle possession, vehicle operation, vehicle maintenance and driver safety; determine whether at least a portion of the balance of the vehicle maintenance savings account is eligible to be used to fund the at least one transaction based, at least in part, on a comparison, via the at least one processor, of the transaction data to the spending restrictions; and responsive to a determining that the at least a portion of the balance of the vehicle maintenance savings account is eligible to be used to fund the at least one transaction, initiate payment, via the at least one processor, of the cost of the at least one transaction using the funds in the vehicle maintenance savings account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 13, 14, 15, 18)
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12. A system comprising:
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at least one processor; an electronic communication interface in signal communication with an electronic communication network; and a memory storing computer-readable instructions, that when executed by the at least one processor, cause the system to; initiate communication with a plurality of sensors associated with a vehicle of a first user; receive, from the plurality of sensors associated with a vehicle of a first user, driving data of the first user, the driving data including driving data metrics based at least one of;
speed, acceleration, braking and turning;access, via the electronic communication network, a set of user driving behaviors; determine, via the at least one processor, whether at least two metrics of the driving data of the first user correspond to at least one user driving behavior of the set of user driving behaviors based, at least in part, on a comparison, via the at least one processor, of the driving data of the first user to the set of user driving behaviors; responsive to a determination that the at least two metrics of the driving data of the first user correspond to the at least one user driving behavior, calculate, via the at least one processor, an amount to increase a balance of an account based on the at least two metrics of the driving data of the first user corresponding to the at least one user driving behavior; and increase, via the at least one processor, a balance of a vehicle maintenance savings account associated with the first user by the calculated amount.
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16. One or more non-transitory computer-readable media storing computer executable instructions that, when executed by at least one processor, cause a computing device to:
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execute an application configured to detect telematics data by a telematics device; initiate a communication session with the telematics device; receive, in real-time and via the initiated communication session, the telematics data including data received from a plurality of vehicle sensors, the telematics data including a plurality of driving events, each driving event including at least two metrics based on at least one of;
speed, acceleration, braking and turning;determine whether the at least two metrics match predefined criteria for a safe driving behavior; responsive to determining that the at least two metrics match predefined criteria for the safe driving behavior, identify an amount of funds to be added to a balance of funds in a vehicle maintenance savings account associated with a first user; increase the balance of funds in the vehicle maintenance savings account associated with the first user by the identified amount of funds; receive, at an electronic communication interface via an electronic communication network, a first electronic communication indicating that the amount has been added to the balance of the vehicle maintenance savings account associated with the first user; receive, at the electronic communication interface via the electronic communication network, transaction data related to at least one transaction to be made by the first user using at least a portion of the balance of the vehicle maintenance savings account, wherein the transaction data includes a cost associated with the at least one transaction and an identification of what is being purchased; access, via the electronic communication network, a set of vehicle maintenance savings account spending restrictions, wherein the spending restrictions limit expenditure of the balance of the vehicle maintenance savings account to expenses related to costs of vehicle possession, vehicle operation, vehicle maintenance and driver safety; determine whether at least a portion of the balance of the vehicle maintenance savings account is eligible to be used to fund the at least one transaction based, at least in part, on a comparison, via the at least one processor, of the transaction data to the spending restrictions; and responsive to a determining that the at least a portion of the balance of the vehicle maintenance savings account is eligible to be used to fund the at least one transaction, initiate payment, via the at least one processor, of the cost of the at least one transaction using the funds in the vehicle maintenance savings account. - View Dependent Claims (17)
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Specification