SYSTEM AND METHOD FOR ATTRIBUTE-BASED TRANSACTION CATEGORIZATION
First Claim
1. A method of categorizing a financial transaction, the method comprising:
- generating a set of designation rules, each designation rule relating a plurality of transaction attributes to a financial transaction designation;
receiving first transaction attributes specific to the financial transaction;
applying a first designation rule to the first transaction attributes to generate a first match score;
associating a selected financial transaction designation with the financial transaction if the first match score satisfies a match criterion.
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Accused Products
Abstract
Presently disclosed is a system for attribute-based transaction categorization that utilizes transaction designation attributes other than or in addition to a payee name to provide reduced user effort and improved accuracy in the categorization of transactions. Further, the system for transaction categorization may retroactively re-categorize and/or re-name previous transactions based on subsequent transaction categorization. The transaction categorization system may assign match scores based on the number and/or type of designation attributes that match rules for associating a designation to a transaction. If a match score exceeds a predetermined threshold and/or is greater than other match scores, the transaction is automatically designated. Otherwise, the user may manually designate the transaction. Manually designated transactions may be used by the transaction categorization system to generate new designation rules.
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Citations
30 Claims
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1. A method of categorizing a financial transaction, the method comprising:
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generating a set of designation rules, each designation rule relating a plurality of transaction attributes to a financial transaction designation; receiving first transaction attributes specific to the financial transaction; applying a first designation rule to the first transaction attributes to generate a first match score; associating a selected financial transaction designation with the financial transaction if the first match score satisfies a match criterion. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A computer-readable storage medium having computer-executable instructions for performing a computer process for categorizing financial transactions, the computer process comprising:
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generating a set of designation rules relating transaction attributes to a plurality of financial transaction designations; receiving first transaction attributes specific to the financial transaction; applying a first designation rule to the first transaction attributes to generate a first match score; associating a financial transaction designation with the financial transaction based on the first match score. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A system for categorizing financial transactions, the system comprising:
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one or more storage media that stores a set of designation rules, each designation rule relating a plurality of transaction attributes to a financial transaction designation; a network interface that receives first transaction attributes specific to the financial transaction; a processor that applies a first designation rule to the first transaction attributes to generate a first match score and associates a selected financial transaction designation with the financial transaction if the first match score satisfies a match criterion. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30)
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Specification