Transaction alert messages associated with financial transactions

• US 20070288373A1
• Filed: 05/24/2006
• Published: 12/13/2007
• Est. Priority Date: 05/24/2005
• Status: Abandoned Application

• Current Assignee: Wilkes T. Clay
• Original Assignee: Wilkes T. Clay
• Inventors: Wilkes, T. Clay
• Application Number:
  US11/439,804
• Publication Number:
  US 20070288373A1
• Time in Patent Office: Days
• US Class Current: 705/42
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A method and system for communicating financial information to the account holder, which includes generating account information in response to the occurrence of a transaction associated with the account holder'"'"'s account. The account information contains data that is descriptive of at least one aspect of the transaction. The account information is transmitted to an electronic device associated with the account holder in the form of an alert message. The account information may include fields that have been selected by the account holder. Further, the account information may be transmitted to the electronic device using a delivery method selected by the account holder.

Claims

1. In a financial system that includes a financial entity that manages an account for an account holder, a method for communicating financial information to the account holder, comprising:

in response to the occurrence of an event associated with the account, generating account information that is descriptive of at least one aspect of the account; and

transmitting an alert message including the account information to an electronic device associated with the account holder, wherein;

the account information includes fields that have been selected by the account holder; and

the account information is transmitted to the electronic device using a delivery method selected by the account holder.

2. The method of claim 1, wherein the electronic device is a wireless handheld device associated with the account holder.

3. The method of claim 2, wherein generating the account information and a transmitting the account information are performed each time the event associated with the account occurs, such that the account holder receives an alert message that includes the account information with each successive transaction.

4. The method of claim 1, wherein the account is linked to one of a prepaid card and a stored value card.

5. The method of claim 4, wherein:

generating the account information and transmitting the account information are performed in response to an available balance of the account falling below a specified amount; and

the account information specifies that the available balance of the account has fallen below the specified amount.

6. The method of claim 1, wherein:

transmitting the account information to an electronic device further includes transmitting the account information to a server that in turn transmits the account information to the electronic device.

7. The method of claim 1, wherein the delivery method includes one of a short messaging service, a multimedia messaging service, an electronic message, and an instant message.

8. In a communication system that interacts with a financial system that includes a financial entity that stores an account for an account holder, a method for communicating financial information to the account holder, comprising:

receiving from the financial system, account information that is descriptive of at least one aspect of the account and has been generated by the financial entity in response to the occurrence of an event associated with the account; and

transmitting an alert containing the account information to an electronic device associated with the account holder, wherein;

the account information includes fields that have been selected by the account holder; and

the account information is transmitted to the electronic device using a delivery method selected by the account holder.

9. The method of claim 8, wherein the electronic device is a wireless handheld device associated with the account holder.

10. The method of claim 8, wherein:

generating the account information and transmitting the alert are performed in response to an available balance of the account falling below a specified amount; and

the account information specifies that the available balance of the account has fallen below the specified amount.

11. The method of claim 8, wherein the delivery method includes one of a short messaging service, a multimedia messaging service, an electronic message, and an instant message.

12. In a financial system that includes a financial entity that manages an account for an account holder, a method for communicating financial information to the account holder, comprising:

collecting from the account holder one or more conditions relating to information associated with the account;

determining if one or more of the conditions have been met;

if one or more of the conditions have been met, generating account information that is descriptive of at least one aspect of the account; and

transmitting an alert containing the account information to an electronic device associated with the account holder using a predetermined delivery method.

13. The method of claim 12, wherein one of the conditions includes the occurrence of any transaction associated with the account, wherein the alert is transmitted containing the account information after the occurrence of every transaction.

14. The method of claim 12, wherein:

one of the conditions includes an available balance of the account falling below a specified amount; and

the account information specifies that the available balance of the account has fallen below the specified amount.

15. The method of claim 12, wherein:

one of the conditions includes a predetermined number of transactions being exceeded within a predetermined time period; and

the account information specifies that the predetermined number of transactions that has been exceeded.

16. The method of claim 12, wherein:

one of the conditions includes a predetermined transaction amount being exceeded on a single transaction; and

the account information specifies that the predetermined value has been exceeded.

17. The method of claim 12, wherein:

one of the conditions includes a predetermined cumulative transaction amount being exceeded within a predetermined time period; and

the account information specifies that the predetermined cumulative transaction amount has been exceeded.

18. The method of claim 12, wherein the account is linked to one of a prepaid card, a stored value card, a credit card and a debit card.

19. The method of claim 12, wherein:

transmitting the alert to an electronic device further includes transmitting the alert to a server that in turn transmits the account information to the electronic device.

20. The method of claim 12, wherein the predetermined delivery method includes one of a short messaging service, a multimedia messaging service, an electronic message, and an instant message.

21. The method of claim 12, wherein:

one of the conditions includes the completion of a predetermined time frame, wherein the alert is transmitted at the completion of the predetermined time frame.