APPARATUS, SYSTEM, AND METHOD FOR AN ELECTRONIC RECEIPT SERVICE FOR CONSUMERS, MERCHANTS AND FINANCIAL INSTITUTIONS

• US 20070299772A1
• Filed: 06/06/2006
• Published: 12/27/2007
• Est. Priority Date: 06/06/2006
• Status: Abandoned Application

• Current Assignee: International Business Machines Corporation
• Original Assignee: International Business Machines Corporation
• Inventors: Mitchell, Joan LaVerne, Mastie, Scott David
• Application Number:
  US11/422,557
• Publication Number:
  US 20070299772A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/00 Commerce

Abstract

An apparatus, system, and method are disclosed for managing transactional data for consumers, employers, merchants, and financial institutions. A profile module is included to receive a profile created from client input. The profile comprises user client information, transactional information chosen by the client to be gathered from the client'"'"'s transactions, and client preferences. The client is any of a consumer, a merchant, an employer, and a financial institution. A transaction gathering module is included to receive transactional information of a transaction from a point of sale. A transaction storage module is included to store the received transactional information in a database. A comparison module is included to compare the received transactional information with a client profile and to identify information from the received transactional information matching the client profile. A reporting module is included to report the identified information from the received transactional information to the client.

Claims

1. An apparatus to manage transactional data for consumers, employers, merchants, and financial institutions, the apparatus comprising:

a profile module configured to receive a profile created from client input, the profile comprising user client information, transactional information chosen by the client to be gathered from the client'"'"'s transactions, and client preferences, wherein the client is any of a consumer, a merchant, an employer, and a financial institution;

a transaction gathering module configured to receive transactional information of a transaction from a point of sale;

a transaction storage module configured to store the received transactional information in a database;

a comparison module configured to compare the received transactional information with a client profile and to identify information from the received transactional information matching the client profile; and

a reporting module configured to report the identified information from the received transactional information to the client.

2. The apparatus of claim 1, wherein the transaction comprises a cash transaction, a check transaction, a debit transaction, a bartered transaction, and a credit transaction.

3. The apparatus of claim 1, further comprising a transaction validation module configured to validate the transaction before committing to the transaction.

4. The apparatus of claim 1, further comprising a transaction authorization module configured to transmit transactional information related to a transaction type from the point of sale to a transaction validation service of a client financial institution related to the transaction and to return authorization or rejection of the transaction to the point of sale before completion of the transaction.

5. The apparatus of claim 4, wherein the transaction comprises a scanned image of a check.

6. The apparatus of claim 1, further comprising an association module configured to associate a transaction with a product sold during the transaction.

7. The apparatus of claim 6, further comprising an assignment module configured to track assignment of the product from a first consumer to a second consumer to allow the second consumer to return the product.

8. The apparatus of claim 7, wherein the association module further comprises electronically associating the transaction with the product and the assignment module further comprises tracking assignment of the product through notification by the first consumer of the assignment.

9. The apparatus of claim 1, wherein the transactional information further comprises biometric data collected from the consumer at the point of sale.

10. The apparatus of claim 9, wherein the biometric data is selected from the group consisting of a photograph, a fingerprint, a signature, and a video of the transaction.

11. The apparatus of claim 1, further comprising an alert module configured to transmit an alert to a client in response to the transaction triggering a pre-defined alert from the client'"'"'s profile.

12. The apparatus of claim 1, further comprising a statistics module configured to generate requested statistics based on transactional information.

13. An apparatus to manage transactional data, the apparatus comprising:

a transaction transmitting module configured to transmit transactional information from a point of sale to a server, the server comprising

a profile module configured to receive a profile from a client, the profile comprising user client information, transactional information chosen by the client to be gathered from the client'"'"'s transactions, and client preferences, wherein the client is any of a consumer, a merchant, an employer, and a financial institution;

a transaction storage module configured to store the received transactional information in a database;

a comparison module configured to compare the received transactional information with a client profile and to identify information from the received transactional information matching the client profile;

a transaction authorization module configured to return authorization or rejection of the transaction for check, debit, and credit transactions to the apparatus at the point of sale, wherein authorization or rejection of the transaction comprises any of verifying availability of funds from a financial institution related to the transaction type and comparison of biometric data of the client'"'"'s profile with transactional information; and

a reporting module configured to report the identified information from the received transactional information to the client; and

a transaction approval module configured to receive authorization or rejection of the transaction from the server prior to completion of the transaction.

14. A system to manage transactional data for consumers, merchants, and financial institutions, the system comprising:

a computer network;

at least one client computer in communication with the computer network;

a data storage device; and

a server in communication with the data storage device and the at least one client computer over the computer network, the server comprising

a profile module configured to receive a profile from a client, the profile comprising user client information, transactional information chosen by the client to be gathered from the client'"'"'s transactions, and client preferences, wherein the client is any of a consumer, a merchant, and a financial institution;

a transaction gathering module configured to receive transactional information at the server from a point of sale at a client computer, the transactional information comprising transaction type, transaction details, timestamp information, consumer information, financial institution information where applicable, and merchant information;

a transaction storage module configured to store the received transactional information in a database on the data storage device;

a comparison module configured to compare the received transactional information with a client profile and to identify information from the received transactional information matching the client profile; and

a reporting module configured to report the identified information from the received transactional information to the client at the client computer.

15. The system of claim 14, wherein the client controls information stored in the profile.

16. The system of claim 14, wherein the data storage device is remote from the at least one client computer.

17. A method for managing transactional data for consumers, employers, merchants, and financial institutions, the method comprising:

receiving a profile from a client, the profile comprising user client information, transactional information chosen by the client to be gathered from the client'"'"'s transactions, and client preferences, wherein the client is any of a consumer, a merchant, an employer, and a financial institution;

receiving transactional information of a transaction from a point of sale, the transactional information comprising transaction type, transaction amount, timestamp information, consumer information, financial institution information where applicable, and merchant information;

storing the received transactional information in a database;

comparing the received transactional information with a client profile and identifying information from the received transactional information matching the client profile; and

reporting the identified information from the received transactional information to the client.

18. The method of claim 17, wherein the transactional information comprises transaction type, transaction amount, timestamp information, consumer information, financial institution information where applicable, and merchant information.

19. The method of claim 17, further comprising receiving from the point of sale transactional information and returning authorization or rejection of the transaction based on available funds to the merchant at the point of sale before completion of the transaction.

20. The method of claim 19, wherein returning authorization or rejection of a transaction further comprises comparing transactional information with biometric data of a consumer client profile.